01 February 2015

Latest News

Mobile & online

Banks must up digital game to win over millennials - BBVA Compass

08 January 2015  |  15328 views  |  3 comments | 38 tweets | 31 linkedin

Banks need to offer more than basic transactional online and mobile services if they want to win over millennials being tempted by more nuanced, personalised services from new fintech disruptors, warns a report from BBVA Compass.

Mobile & online

Digital-only Charter Savings Bank preps UK launch

07 January 2015  |  4028 views  |  1 comments | 8 tweets | 9 linkedin

Startup digital-only lender Charter Savings Bank has been given the go-ahead by regulators to begin taking deposits.

Retail banking

Polish banks embrace HCE for mobile payments drive

07 January 2015  |  6967 views  |  0 comments | 10 tweets | 5 linkedin

Nine Polish banks have confirmed plans to commercially launch mobile contactless payments using Visa's Host Card Emulation technology from early next year.

Start ups

Seven startups make the cut for third FinTech Innovation Lab

07 January 2015  |  7907 views  |  0 comments | 18 tweets | 11 linkedin

Seven financial technology startups have won the chance to present their ideas to a panel of banks and investment firms at Accenture's London FinTech Innovation Lab, in what many market-watchers are expecting to be a break-out year for innovation in financial services.

Payments

Circle adds NFC support to bitcoin app

07 January 2015  |  4370 views  |  0 comments | 8 tweets | 4 linkedin

Bitcoin firm Circle has added support for contactless mobile payments to its Android app, enabling crypto-currency enthusiasts to make instore purchases with a wave of their phone.

Retail banking

BMW enlists MasterCard for contactless card to access car-sharing service

07 January 2015  |  8631 views  |  0 comments | 20 tweets | 19 linkedin

BMW has teamed up with MasterCard on a contactless credit card than can be used to pay for, unlock and operate a vehicle from the DriveNow car-sharing fleet.

Retail banking

Kickstarter leaves Amazon Payments for Stripe

06 January 2015  |  3611 views  |  2 comments | 9 tweets | 4 linkedin

Crowdfunding site Kickstarter has ditched long-standing payments partner Amazon and signed up with Stripe in a move designed to make life easier for both project creators and backers.

Cards

San Francisco transport system trials mobile payments

06 January 2015  |  4874 views  |  0 comments | 9 tweets | 5 linkedin

San Francisco is prepping a pilot that will let riders on the Municipal Railway (Muni) purchase and use fares through a mobile app.

Payments

Money transfer firm Xoom suffers $30.8m fraud

06 January 2015  |  5755 views  |  0 comments | 10 tweets | 14 linkedin

Online money transfer provider Xoom says it has been hit by fraudsters who sent $30.8 million in corporate cash to overseas accounts.

Retail banking

Diebold whistles in the wind with antimicrobial ATM

06 January 2015  |  3607 views  |  0 comments | 6 tweets | 2 linkedin

The cash in your wallet may be teeming with bacteria, but the ATM could soon become a pestilence-free zone, thanks to a new initiative by Diebold.

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