20 December 2014

Latest News

Cards

Apple Pay shows impressive early adoption

13 hours ago  |  2612 views  |  0

Apple Pay has the ability to significantly transform the mobile payment space says ITG Research, on the release of figures which show that iPhone users were responsible for one percent of digital payment dollars spent in the month of November.

Wholesale banking

As bitcoin languishes, PeerNova raises $8.6 million to refocus on blockchain

16 hours ago  |  2434 views  |  1

With the price of bitcoin continuing to crater, Silicon Valley-based crypto-mining outfit PeerNova has raised $8.6 million in funding to refocus its business on blockchain-based enterprise products.

Payments

Payments Council to explore prospects for providing more information with payments

17 hours ago  |  2411 views  |  1

The UK's Payments Council has committed to explore options for incorporating richer data sets alongside business and consumer electronic payment transactions.

Payments

Brits ready to switch banks to access mobile payments - Zapp

17 hours ago  |  2829 views  |  2

British consumers are increasingly prepared to switch banks to access mobile payments, as anticipation for new ways to pay builds, according to new research from mobile payments company Zapp.

Retail banking

US community banks claim $90 million costs for Home Depot breach

18 hours ago  |  4513 views  |  1

US community banks are calling for a crackdown on merchant security protocols after reissuing nearly 7.5 million credit and debit cards at a total cost of more than $90 million as a result of the Home Depot data breach.

Retail banking

Royal Bank of Canada adds HCE to mobile app

18 December 2014  |  4249 views  |  0

Royal Bank of Canada has implemented Host Card Emulation for its mobile banking app, enabling customers to pay with most Android mobile phones without worrying about being on the right mobile network or having the right SIM card.

Retail banking

International vendors on alert as US banks rethink core platform strategies

18 December 2014  |  2774 views  |  0

Consolidation among domestic vendors of core banking products in North America has created a rare opportunity for international players such as Temenos, Infosys, and TCS to establish a toehold in a market forecast to be worth $3.3 billion by 2017, according to a report by Celent.

Cards

EU agrees interchange reforms

18 December 2014  |  4822 views  |  12

The fees that banks charge retailers to process shoppers’ payments should be capped under uniform rules across the EU following a deal struck by Economic and Monetary Affairs Committee and EU Council negotiators.

Mobile & online

Apple Pay claims to cover 90% of US credit card market

17 December 2014  |  6106 views  |  1

Apple claims that banks representing up to 90% of credit purchase volume in the US are now signed up to its Apple Pay product.

Retail banking

Toronto subway gets card payment option

17 December 2014  |  2638 views  |  0

From next month, Toronto's commuters will finally be able to pay for subway journeys with their debit and credit cards, although contactless payments on the city's antiquated public transport network are still some way off.

Cards

MBNA to be first UK card issuer to deploy MasterCard digital wallet

17 December 2014  |  8973 views  |  0

MBNA is to be the UK’s first card issuer to offer a MasterPass powered digital wallet to its customers for online shopping.

Cards

Barclaycard to trial contactless gloves

16 December 2014  |  7023 views  |  2

Barclaycard has taken an innovative approach to the wearable payments market with the trial of 'tap and pay' woollen gloves that allow people to pay contactlessly for their Christmas shopping.

Risk & regulation

Canadians get bitcoin option for credit card payments

16 December 2014  |  5474 views  |  0

Founded by self-proclaimed bitcoin enthusiast, Darwin Ramon, the startup, YesToBitcoins.com now allows users to settle payments on all Canadian credit cards.

Trade execution

Bitcoin margin trading platform launched in Vietnam

16 December 2014  |  4596 views  |  0

VBTC Vietnam and Coinarch have launched VBTC plus, Vietnam’s first bitcoin leverage trading platform.

Wholesale banking

Euronext launches app for retail investors

16 December 2014  |  2170 views  |  0

Downloadable from the Apple App Store, the new iOS app provides investors with access to market information, direct to their mobile devices, from Euronext's cash markets and other equity exchanges.

Retail banking

Himalayan Bank enhances card issuing

16 December 2014  |  1709 views  |  0

Himalayan Bank, a private sector bank in Nepal, has implemented Cryptomathic’s data preparation system, CardInk and OMA Emirates’ personalisation software, NanoPerso, into its production environment to improve issuance across its entire debit and credit card portfolio.

Payments

AmEx uses Serve platform for consumer savings research

16 December 2014  |  2560 views  |  0

American Express is tapping into its Serve software platform for a research pilot into the savings behaviour of customers.

Payments

Researchers tap quantum physics for fraud-proof credit cards

16 December 2014  |  4732 views  |  2

Forget chip and PIN, Dutch researchers claim to have harnessed the power of quantum mechanics in a way that could be used to make card fraud a thing of the past.

Retail banking

Banks far outstrip tech pretenders for consumer trust

16 December 2014  |  3425 views  |  1

Consumers trust banks far more than they do companies like Google, Apple and Amazon to protect their card details and personal financial information, according to research by Bizrate Insights.

Retail banking

Kuwait's Boubyan Bank enlists NCR video tech for mini-branch concept

15 December 2014  |  1845 views  |  0

Boubyan Bank has opened a mini-branch at Kuwait International Airport that uses NCR video technology to let customers talk to remote tellers.

Security

Tech chief of cybercrime bank gets five year prison sentence

15 December 2014  |  3099 views  |  0

The former chief technology officer of Liberty Reserve has been sentenced to five years in prison for conspiring to operate an unlicensed money transmitting business - billed as the bank of choice for the cyber underground - that processed more than $16 billion in digital currency transactions.

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