30 November 2015

All News


Swatch teams with Visa to launch pay-by-wrist watch

4 hours ago  | 1 comments | 11 tweets | 7 linkedin

Swatch has partnered with Visa to launch its 'pay-by-the-wrist' Bellamy watch in the US, Switzerland and Brazil in early-2016.

Australian Eftpos outfit Tyro Payments has scored a A$100 million funding round to help it move into banking, taking on the country's traditional lenders in the battle for small business customers.

Plans by ANZ to relaunch its Internet banking system to provide a consistent user experience across all devices came to fruition in an unexpected way on Monday, as technical gremlins managed to shut down services across customer desktops, tablets and mobiles for six hours during the upgrade.

Kakao, the operator of South Korea's largest mobile messaging app, and telco KT Corp., have won approval from the Government to open the country's first Internet-only banks.

Swave, a smart savings startup founded by two former hedge fund data crunchers, is to undergo a 12-week innovation immersion with Lloyds Bank after winning a financial literacy challenge run by Innovate UK.

Canadian neobank Koho has struck a deal with Visa as it gears up for a launch early next year, taking on the country's big five providers in the battle for Generation Y.

Features and analysis

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More News

The European Payments Council has released proposals for the design of a pan-European instant credit transfer scheme, with the aim of bringing real-time money transfers across the Sinlge Euro Payments Area (Sepa) by November 2017.

The Prudential Regulation Authority (PRA) has fined Raphaels Bank £1.3 million for "potentially putting its safety and soundness at risk" by failing to properly manage an outsourcing deal for its cash machines.

Mexico's BBVA Bancomer has become the first bank to commercially implement technology that replace static three-digit security codes with a dynamic CVV/CVC that changes every 20 minutes as part of its mobile wallet app.


ATM attack vectors on the rise

27 November 2015  | 0 comments | 4 tweets | 3 linkedin

From sophisticated stealth raids using malware and skimming devices to brute force assaults via ram raids and explosive cannisters, the range of attack vectors on European cash machines by criminal gangs shows no sign of diminishing according to the latest figures compiled by the European ATM Security Team.

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