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Payments

PayPal closes UK coffee seller's account over commie Cuban beans

19 April 2013 | 4349 views | 2

An independent coffee shop in the Yorkshire village of Nether Poppleton recently had its PayPal account shut down after incurring the wrath of the e-commerce giant by stocking beans from communist Cuba.

Cards

Virgin Australia unveils pre-paid travel money card

19 April 2013 | 3967 views | 2

Airline Virgin Australia has teamed up with Visa to add a pre-paid travel money card that can be loaded with multiple currencies to its frequent flyer membership scheme.

Mobile & online

All hail King Coin!

19 April 2013 | 3245 views | 0

As the pound coin celebrates its thirtieth anniversary on 21 April, new research from GoCompare reveals that while cash remains king for small ticket items such as newspapers and magazines, over half of Brits (53%) prefer to use plastic for most of their purchases.

Payments

PayPal integrates with Sherpa to take on Siri

18 April 2013 | 4175 views | 0

Sherpa, a voice-activated Android competitor to Apple's Siri virtual assistant has launched in the US, with support for automated funds transfer between PayPal accounts.

Retail banking

Bitcoin exchange Bitfloor shuts down

18 April 2013 | 5076 views | 0

New York-based bitcoin exchange Bitfloor has been forced to cease all operations indefinitely after being told that its US bank account is being shut down.

Trade execution

Tradition launches spot FX trading platform

18 April 2013 | 3135 views | 0

Tradition has launched ParFX, a spot forex trading platform with the backing of 11 major banks, including Barclays and UBS.

Mobile & online

Startupbootcamp Amsterdam opens NFC and contactless programme

18 April 2013 | 2635 views | 0

Backed by major banks and telcos, the Amsterdam arm of Startupbootcamp has launched an NFC and contactless offering, inviting young firms to pitch for a place on a three month programme with access to funding, workspace and specialist advice.

Wholesale banking

Bian signs PNC as first US bank member

18 April 2013 | 2370 views | 0

The Banking Industry Architecture Network (Bian), an organisation working to establish a service-oriented architecture (SOA) standard in the finance industry, has signed up PNC as its first US bank member.

Retail banking

Amazon pitches anonymous mobile payment system

17 April 2013 | 7923 views | 1

Amazon has filed a patent for the creation of an 'anonymous mobile payment' system, in which the Web retailer sits as a middle man between parties to a transaction.

Payments

Visa Europe unveils multi-currency mobile P2P payments service

17 April 2013 | 6415 views | 4

Visa Europe has beefed up its mobile payments service with the addition of features which let customers send money from their phone to any Visa cardholder on the continent, in any currency.