UK retailer Marks & Spencer is to move into high street banking with the launch of M&S Bank next month.
The UK Post Office is to roll out contactless payment terminals across 30,000 counter positions in its national network of over 11,500 branches, in a move which exponents of the technology hope will help to boost awareness among a reluctant populace.
HSBC Bank USA, N.A. (HSBC) today announced the appointment of Michael Cummins as the head of Payments and Cash Management in the United States.
Some UK HSBC customers were left unable to make card payments or withdraw cash from ATMs yesterday thanks to an IT hardware failure.
HSBC is to join Barclays Bank by introducing contactless technology as a standard feature on all new debit cards in circulation.
HSBC has tapped the National Payments Corporation of India's platform to launch an interbank mobile transaction service for its corporate customers in the country.
Neil Kirkman, global telecommunications consultant, HSBC explains the bank's use of social media to support internal crisis management.
HSBC is today announcing a restructure of its business in the UK which means that 2,217 people will be leaving the UK Bank during the coming months.
HSBC is set to slash 2000 jobs in the UK as it restructures its retail banking business in preparation for new regulations, Reuters reports.
HSBC UK has launched its Fast Balance app which gives the bank's retail customers instant access to their account balance and recent transactions direct from their smartphone.
© Finextra Research 2014