31 August 2015

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With contactless cards and mobile payments growing in popularity, a quarter of Brits think that in just five years' time they will no longer need cash, according to a survey for Lloyds Bank.

Payments

Barclays to tap Bitcoin for charity donations

8 hours ago  | 0 comments | 3 tweets | 3 linkedin

Barclays is preparing a Bitcoin pilot that will enable people to make donations to charities in the cryptocurrency, according to the Sunday Times.

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 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.

Payments

HSBC glitch leaves thousands of customers without salaries

28 August 2015  | 1 comments | 12 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.

Wholesale banking

SunGard apologises for BNY Mellon system glitch

28 August 2015  | 0 comments | 4 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.

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Retail banking

HSBC closes 'branch for the rich'

28 August 2015  | 1 comments | 12 tweets | 6 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.

Wholesale banking

Goldman Sachs embarks on Warsaw tech hiring spree

27 August 2015  | 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.

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).

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.

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