04 May 2015

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Golden egg in nest

Visa Europe opens innovation hub

01 May 2015  | 2 comments | 26 tweets | 18 linkedin

Visa Europe has launched an innovation hub, promising to help startups build payments-related technologies and services, with the best being rolled out to the card giant's member banks, retailers and consumers.

BBVA Compass has launched a contest inviting small businesses to use Twitter and Instagram to pitch for cash rewards.

Barclays Bank is launching a £100 million fund to provide debt-financing to help fast-growing UK tech startups.

A former JPMorgan Chase worker has been arrested by the FBI on charges that he stole customer account information and sold it to an undercover informant.


Romanian police bust $15m cybergang

30 April 2015  | 0 comments | 7 tweets | 3 linkedin

Romanian police have arrested 25 people accused of being part of a cybergang that used cloned cards to steal more than $15 million in thousands of ATM withdrawals around the world.

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USAA leads $30 million investment in PFM outfit MX

30 April 2015  | 0 comments | 14 tweets | 21 linkedin

Personal financial management startup MX - formerly MoneyDesktop - has raised $30 million in Series A financing, led by USAA via a subsidiary, with participation from Japanese incubator Digital Garage.

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The UK's TSB is to double its digital banking team, creating 42 new jobs, and re-invest in its branch network as it pursues a bricks'n'clicks strategy for the business.

Mobile & online

Ryanair bank account raided for $5 million

30 April 2015  | 0 comments | 7 tweets | 7 linkedin

Budget airline Ryanair has had its business banking account plundered to the tune of $5 million by unidentified hackers.

Plans to develop a payments infrastructure in order to address poverty and financial inclusion were announced at an event organized by the Government of Malawi with the United Nations Capital Development Fund’s (UNCDF), Better Than Cash Alliance and Mobile Money for the Poor initiatives.

Start ups

Goldman Sachs invest in Circle

30 April 2015  | 1 comments | 5 tweets | 7 linkedin

Circle, a consumer finance provider that allows users to make payments using digital currencies, has announced a new $50 million strategic investment round co-led by Goldman Sachs and IDG Capital Partners.

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