17 September 2014

All retail banking news

Wireless operator Orange has integrated its mobile Money platform with the Bank of Africa, enabling users to perform basic banking transactions with their handsets.

European card issuers stand to lose $8 billion per year from a revenue pool of $60 billion beginning in 2015, as stiffer regulation and caps on interchange fees take their toll, according to a study by the Boston Consulting Group.

First direct, a bank that has no high street branches but still manages to make its customers feel valued, is the top-rated brand for customer service in the UK, according to a survey by consumer champion Which?

The New York Attorney General's office has charged five individuals, including three bank tellers, with running an identity-theft ring that stole $850,000 from some of New York's biggest banks over a four-year period.

With an overhauled website and mobile app to show off, London-based currency exchange startup TransferWise has stepped up its assault on the banking industry in its first TV ad.

The US telco-backed Softcard consortium has received a welcome boost with news that the giant fast food chain Subway is to deploy its Card Rewards Program as part of a national roll-out of the SmartTap payment app.

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