18 September 2014

Latest News

Retail banking

Simple adds support for TouchID and Android Wear

6 hours ago  |  943 views  |  0

US neo-bank Simple has added support for Apple's TouchID and Android-powered wearable devices, as it bids to reclaim its credentials as an innovator in financial services following complaints from customers about buggy software issues on its platform.

Mobile & online

Gates Foundation launches challenge to boost mobile money acceptance

6 hours ago  |  978 views  |  0

The Bill & Melinda Gates Foundation is aiming to accelerate the adoption of digital payments in the developing world by offering grants to firms that make it easy for small merchants to accept mobile money.

Retail banking

Orange Money ties up with Bank of Africa for mobile banking

16 hours ago  |  1753 views  |  0

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

Retail banking

European card issuers the losers as global payments revenues show upward trend

19 hours ago  |  2781 views  |  0

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.

Retail banking

First direct tops customer service charts - Which?

19 hours ago  |  1726 views  |  2

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?

Security

Bank tellers indicted in $850,000 identity-theft ring

19 hours ago  |  1645 views  |  0

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.

Retail banking

TransferWise makes push for the mainstream with TV ad mocking banks

20 hours ago  |  2089 views  |  0

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.

Mobile & online

Subway to take Softcard payment and loyalty programme nationwide

16 September 2014  |  3058 views  |  2

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.

Retail banking

Amazon shuts down P2P payments service

16 September 2014  |  3527 views  |  0

Amazon is killing off WebPay, admitting that the person-to-person money transfer service is not good enough to keep persevering with.

Risk & regulation

Bangladesh threatens jail time for bitcoin users

16 September 2014  |  3806 views  |  2

Bangladesh's central bank has warned that anyone using bitcoin in the country could face a jail term of up to 12 years.

Risk & regulation

CME Group names Kim Taylor president, global operations, technology and risk

16 September 2014  |  2449 views  |  0

CME Group has revamped its leadership structure, naming company veteran Kim Taylor president of global operations, technology and risk.

Cards

Contactless cards set to further displace cash on London Tube

16 September 2014  |  3947 views  |  3

Commuters using the London tube network can now tap their contactless bank cards on the ticket barriers to pay for their journeys, further displacing cash on the capital's transit system.

Trade execution

Electronic trading in corporate bond market on the up

16 September 2014  |  2256 views  |  0

Electronic trading in the corporate bond market is set to reach 20% in volume by 2016 as buy side investors spread the net in the search for new sources of liquidity, says Greenwich Associates.

Payments

ING adds voice controls to mobile app

15 September 2014  |  3858 views  |  2

Holland's ING has become the first bank in Europe to add a voice control mode to its mobile app, enabling customers to issue commands by speaking.

Retail banking

Amex invites applications for financial inclusion innovation lab

15 September 2014  |  4002 views  |  0

American Express is inviting academics and non-profit groups dealing with financial inclusion to submit ideas for commercial testing at a new 'Financial Innovation Lab'.

Mobile & online

French bank preps Twitter-based P2P payments service

15 September 2014  |  4178 views  |  6

French banking group Banque Populaire Caisse d'Epargne (BPCE) has teamed up with Twitter to let customers tweet money to each other.

Payments

Weve abandons mobile NFC payments plans

15 September 2014  |  3549 views  |  3

UK mobile commerce joint venture Weve is abandoning plans to launch an NFC payments service because its telco owners failed to agree on an approach, according to the Telegraph.

Payments

Monitise revenues rise but losses grow

15 September 2014  |  2552 views  |  0

Monitise has posted a 31% rise in full year revenue but the mobile money firm's Ebitda losses widened as it took a short term hit on a decision to overhaul its business model.

Retail banking

Nigerian bank falls victim to $40 million insider cyber-heist

15 September 2014  |  4065 views  |  2

Nigerian police are on the hunt for an IT staffer at Skye Bank who hacked into the bank's systems and transferred $40 million to a raft of bogus accounts before going on the run.

Retail banking

Blockstock bitcoin festival gets ready to rock

12 September 2014  |  5274 views  |  0

A ten-day festival promoting the use of bitcoin kicks off with a round of drinks at the Old Shoreditch Station pub in London on Friday evening.

Retail banking

UK earmarks £10k prize for £1 coin design contest

12 September 2014  |  2798 views  |  2

The UK Government is inviting the general public to enter a competition to design the 'tails' side of a new 12-sided £1 coin, which is set to go into circulation in 2017.

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