30 August 2015

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Payments UK sets out vision for 'world class' services
Security

Payments UK sets out vision for 'world class' services

28 August 2015  |  3831 views  |  0 comments | 8 tweets | 6 linkedin

Trade association Payments UK has vowed to improve access to payments infrastructure and give customers more control over transactions as part of a drive to ensure Britain has a "world class" system.

Swedish mPOS firm iZettle raises EUR60m for move into small business lending
Payments

Swedish mPOS firm iZettle raises EUR60m for move into small business lending

28 August 2015  |  3588 views  |  0 comments | 8 tweets | 5 linkedin

Swedish mPOS vendor iZettle has raised EUR60 million in a Series D funding round to help it launch a cash advance service for its small business customers.

HSBC glitch leaves thousands of customers without salaries
Retail banking

HSBC glitch leaves thousands of customers without salaries

28 August 2015  |  4057 views  |  0 comments | 8 tweets | 6 linkedin

An IT problem at HSBC has affected some 275,000 Bacs payments and left thousands of customers without their monthly salaries just before a bank holiday.

SunGard apologises for BNY Mellon system glitch
Wholesale banking

SunGard apologises for BNY Mellon system glitch

28 August 2015  |  3001 views  |  0 comments | 2 tweets | 1 linkedin

SunGard has issued a public apology to custody bank BNY Mellon for the outage of its InvestOne accounting system used by the bank to price thousands of funds.

HSBC closes 'branch for the rich'
Mobile & online

HSBC closes 'branch for the rich'

28 August 2015  |  4053 views  |  1 comments | 11 tweets | 5 linkedin

Rich people use the internet, too. HSBC is blaming the rise in online banking for its decision to shut down a branch in Poole that caters only to wealthy customers.

Goldman Sachs embarks on Warsaw tech hiring spree
Wholesale banking

Goldman Sachs embarks on Warsaw tech hiring spree

27 August 2015  |  3033 views  |  0 comments | 4 tweets | 1 linkedin

Goldman Sachs is preparing to add hundreds of new employees to its technology and operations base in Warsaw, Poland.

Dark pool lawsuit against Barclays dismissed by US judge
Risk & regulation

Dark pool lawsuit against Barclays dismissed by US judge

27 August 2015  |  2701 views  |  0 comments | 3 tweets

A US district court judge has thrown out a lawsuit brought against Barclays and a number of US exchanges that accused the bank of rigging its dark pool in favour of high frequency traders (HFTs).

SunGard system glitch causes havoc for BNY Mellon and US funds market
Post-trade & ops

SunGard system glitch causes havoc for BNY Mellon and US funds market

27 August 2015  |  6274 views  |  0 comments | 13 tweets | 12 linkedin

BNY Mellon and its fund manager clients are scrambling to assess the damage caused after a third party system run by SunGard and used by the bank to value assets worth billions of dollars broke down.

Wirecard bids for Worldpay - Bloomberg
Retail banking

Wirecard bids for Worldpay - Bloomberg

26 August 2015  |  5178 views  |  1 comments | 10 tweets | 7 linkedin

German payments giant Wirecard has made a £6 billion bid for British rival Worldpay, according to Bloomberg.

Kenya's NIC Bank links to Twitter and WhatsApp
Retail banking

Kenya's NIC Bank links to Twitter and WhatsApp

26 August 2015  |  5683 views  |  0 comments | 27 tweets | 15 linkedin

Kenya's National Industrial Credit (NIC) Bank is set to enable customers to view their balances and make payments via WhatsApp, Facebook and Twitter.

Oxfam and Visa use prepaid cards for disaster relief
Cards

Oxfam and Visa use prepaid cards for disaster relief

26 August 2015  |  4648 views  |  0 comments | 11 tweets | 10 linkedin

Oxfam has teamed up with Visa, Philippines-based UnionBank and payments firm i2c to channel funds to people in disaster-affected communities through prepaid cards.

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