28 August 2015

Latest News

US bears the brunt of global card fraud losses
Payments

US bears the brunt of global card fraud losses

05 August 2015  |  7451 views  |  3 comments | 23 tweets | 13 linkedin

The importance of an EMV-compliant infrastructure to stem losses from card fraud has been demonstrated by new figures from The Nilson Report, which show that the US accounted for 48.2% or $7.86 billion of gross losses worldwide on plastic cards last year while generating only 21.4% or $6.187 trillion of total volume.

Samsung engineers payments for TV
Payments

Samsung engineers payments for TV

05 August 2015  |  4680 views  |  0 comments | 14 tweets | 13 linkedin

Samsung is to equip its television sets with a new way for viewers to pay for goods and services from the comfort of their armchair.

RBS branch with just 17 customers is shut down
Retail banking

RBS branch with just 17 customers is shut down

05 August 2015  |  4871 views  |  5 comments | 7 tweets | 15 linkedin

As industry experts debate the future of the bank branch, RBS is shutting the doors on one site in Leicester city centre because it has a measly 17 customers.

Appeals court revives Visa, MasterCard ATM fee lawsuits
Payments

Appeals court revives Visa, MasterCard ATM fee lawsuits

04 August 2015  |  4233 views  |  1 comments | 8 tweets | 5 linkedin

In a bad day in court for the card firms, a federal appeals court has revived ATM access fee litigation against Visa and MasterCard, while in a separate case a judge has rejected American Express's interchange fee class action settlement.

Open University and Innovate Finance launch Fintech 101 course
Financial inclusion

Open University and Innovate Finance launch Fintech 101 course

04 August 2015  |  8486 views  |  0 comments | 28 tweets | 11 linkedin

The Open University has teamed up with UK fintech trade body Innovate Finance to launch the world's first introductory course to financial technology.

Australian Senate says bitcoin should be treated as a regular currency
Payments

Australian Senate says bitcoin should be treated as a regular currency

04 August 2015  |  3815 views  |  0 comments | 13 tweets | 4 linkedin

The Australian Senate says that digital currency transactions should be treated in the same way as fiat for the purposes of taxation, overturning a previous judgement from the country's Taxation Office that labelled bitcoin holdings as 'intangible assets'.

Bank Leumi to overhaul legacy core
Retail banking

Bank Leumi to overhaul legacy core

04 August 2015  |  3114 views  |  0 comments | 6 tweets | 5 linkedin

Israel's Bank Leumi is looking to save millions of dollars a year in IT maintenance costs by overhauling and replacing its legacy core banking system with new kit from Swiss vendor Temenos.

DBS Hong Kong kicks off inaugural accelerator programme
Start ups

DBS Hong Kong kicks off inaugural accelerator programme

04 August 2015  |  4555 views  |  0 comments | 13 tweets | 5 linkedin

Innovations in Big Data analytics, payments, risk management, security, and P2P lending are to the fore among the ten startups selected to participate in the inaugural DBS Accelerator programme in Hong Kong.

Blunder sees M&S Bank cancel 'dead' customer's card
Cards

Blunder sees M&S Bank cancel 'dead' customer's card

04 August 2015  |  3774 views  |  1 comments | 5 tweets | 2 linkedin

M&S Bank cancelled the credit card, direct debits and standing orders of a customer after mistakenly marking her dead.

Pizza Express faces protests for taking slice of card tips
Payments

Pizza Express faces protests for taking slice of card tips

03 August 2015  |  3445 views  |  2 comments | 4 tweets | 1 linkedin

Pizza Express is facing a series of demonstrations outside its restaurants by wait staff angry that the firm skims eight per cent of tips paid by card.

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