20 December 2014

Latest News

Cards

Apple Pay shows impressive early adoption

21 hours ago  |  3232 views  |  0

Apple Pay has the ability to significantly transform the mobile payment space says ITG Research, on the release of figures which show that iPhone users were responsible for one percent of digital payment dollars spent in the month of November.

Virtual currency

As bitcoin languishes, PeerNova raises $8.6 million to refocus on blockchain

19 December 2014  |  2733 views  |  1

With the price of bitcoin continuing to crater, Silicon Valley-based crypto-mining outfit PeerNova has raised $8.6 million in funding to refocus its business on blockchain-based enterprise products.

Wholesale banking

Payments Council to explore prospects for providing more information with payments

19 December 2014  |  2754 views  |  1

The UK's Payments Council has committed to explore options for incorporating richer data sets alongside business and consumer electronic payment transactions.

Retail banking

Brits ready to switch banks to access mobile payments - Zapp

19 December 2014  |  3090 views  |  2

British consumers are increasingly prepared to switch banks to access mobile payments, as anticipation for new ways to pay builds, according to new research from mobile payments company Zapp.

Payments

US community banks claim $90 million costs for Home Depot breach

19 December 2014  |  5973 views  |  1

US community banks are calling for a crackdown on merchant security protocols after reissuing nearly 7.5 million credit and debit cards at a total cost of more than $90 million as a result of the Home Depot data breach.

Payments

Royal Bank of Canada adds HCE to mobile app

18 December 2014  |  4386 views  |  0

Royal Bank of Canada has implemented Host Card Emulation for its mobile banking app, enabling customers to pay with most Android mobile phones without worrying about being on the right mobile network or having the right SIM card.

Retail banking

International vendors on alert as US banks rethink core platform strategies

18 December 2014  |  2859 views  |  0

Consolidation among domestic vendors of core banking products in North America has created a rare opportunity for international players such as Temenos, Infosys, and TCS to establish a toehold in a market forecast to be worth $3.3 billion by 2017, according to a report by Celent.

Retail banking

EU agrees interchange reforms

18 December 2014  |  4962 views  |  12

The fees that banks charge retailers to process shoppers’ payments should be capped under uniform rules across the EU following a deal struck by Economic and Monetary Affairs Committee and EU Council negotiators.

Mobile & online

Apple Pay claims to cover 90% of US credit card market

17 December 2014  |  6376 views  |  1

Apple claims that banks representing up to 90% of credit purchase volume in the US are now signed up to its Apple Pay product.

Cards

Toronto subway gets card payment option

17 December 2014  |  2689 views  |  0

From next month, Toronto's commuters will finally be able to pay for subway journeys with their debit and credit cards, although contactless payments on the city's antiquated public transport network are still some way off.

Mobile & online

MBNA to be first UK card issuer to deploy MasterCard digital wallet

17 December 2014  |  9205 views  |  0

MBNA is to be the UK’s first card issuer to offer a MasterPass powered digital wallet to its customers for online shopping.

Cards

Barclaycard to trial contactless gloves

16 December 2014  |  7072 views  |  2

Barclaycard has taken an innovative approach to the wearable payments market with the trial of 'tap and pay' woollen gloves that allow people to pay contactlessly for their Christmas shopping.

Risk & regulation

Canadians get bitcoin option for credit card payments

16 December 2014  |  5618 views  |  0

Founded by self-proclaimed bitcoin enthusiast, Darwin Ramon, the startup, YesToBitcoins.com now allows users to settle payments on all Canadian credit cards.

Trade execution

Bitcoin margin trading platform launched in Vietnam

16 December 2014  |  4790 views  |  0

VBTC Vietnam and Coinarch have launched VBTC plus, Vietnam’s first bitcoin leverage trading platform.

Wholesale banking

Euronext launches app for retail investors

16 December 2014  |  2196 views  |  0

Downloadable from the Apple App Store, the new iOS app provides investors with access to market information, direct to their mobile devices, from Euronext's cash markets and other equity exchanges.

Retail banking

Himalayan Bank enhances card issuing

16 December 2014  |  1722 views  |  0

Himalayan Bank, a private sector bank in Nepal, has implemented Cryptomathic’s data preparation system, CardInk and OMA Emirates’ personalisation software, NanoPerso, into its production environment to improve issuance across its entire debit and credit card portfolio.

Cards

AmEx uses Serve platform for consumer savings research

16 December 2014  |  2587 views  |  0

American Express is tapping into its Serve software platform for a research pilot into the savings behaviour of customers.

Retail banking

Researchers tap quantum physics for fraud-proof credit cards

16 December 2014  |  4755 views  |  2

Forget chip and PIN, Dutch researchers claim to have harnessed the power of quantum mechanics in a way that could be used to make card fraud a thing of the past.

Cards

Banks far outstrip tech pretenders for consumer trust

16 December 2014  |  3448 views  |  1

Consumers trust banks far more than they do companies like Google, Apple and Amazon to protect their card details and personal financial information, according to research by Bizrate Insights.

Retail banking

Kuwait's Boubyan Bank enlists NCR video tech for mini-branch concept

15 December 2014  |  1990 views  |  0

Boubyan Bank has opened a mini-branch at Kuwait International Airport that uses NCR video technology to let customers talk to remote tellers.

Retail banking

Tech chief of cybercrime bank gets five year prison sentence

15 December 2014  |  3115 views  |  0

The former chief technology officer of Liberty Reserve has been sentenced to five years in prison for conspiring to operate an unlicensed money transmitting business - billed as the bank of choice for the cyber underground - that processed more than $16 billion in digital currency transactions.

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