01 September 2015

All News

Cards

UK boosts contactless limit to £30

16 hours ago  | 8 comments | 22 tweets | 10 linkedin

As the contactless payments limit in Britain rises from £20 to £30, new figures from the UK Cards Association show that more than £2.5 billion was spent via tap and go in the first half of 2015.

Paypal has introduced a new person-to-person payments feature which enables account holders to request money from friends, family and colleagues via a personalised URL.

ANZ has signed a five-year A$450 million deal with IBM to increase productivity and innovation across the Australian bank through the use of cloud-based services, mainframe technology and analytics software.

A former US Secret Service agent has pleaded guilty to stealing $820,000 worth of bitcoin during the investigation into the Silk Road dark bazaar.

Payments

Barclays to tap Bitcoin for charity donations

31 August 2015  | 0 comments | 7 tweets | 6 linkedin

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

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.

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Mobile & online

Payments UK sets out vision for 'world class' services

28 August 2015  | 0 comments | 17 tweets | 10 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 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.

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 | 3 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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