20 October 2014

All retail banking news

Apple Pay

Apple Pay launches

3 hours ago  |  1

Apple Pay enjoyed a relatively smooth launch in the US today, with customers of some of the country's biggest banks able to use their iPhones to make purchases at a host of bricks-and-mortar and virtual stores.

Bitnet, a bitcoin payments processor targeting large merchants that was set up earlier this year by a gaggle of Visa and CyberSource veterans, has raised $14.5 million in a series a funding round led by Highland Capital Partners.

RBS logo web screen shot

RBS preps P2P lending platform - FT

8 hours ago  |  0

The Royal Bank of Scotland is set to begin piloting an online peer-to-peer lending platform for SMEs by the end of the year, according to the Financial Times.

Westpac NZ is to issue customers with NFC stickers that can be attached to phones for contactless payments of up to $80.

US flag

Obama signs chip and PIN executive order

17 October 2014  |  8

US president Barack Obama has signed an executive order mandating the use of chip and PIN technology at executive departments and agencies for card payments.

A cyber-crook has uploaded the details of more than five million cards, many of them stolen during the data breach at US retailer Target, to a Russian carding site, says security firm Group-IB.

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