19 April 2014

Latest News

Mobile & online

Metro Bank founder to launch digital bank; recruits first direct's Mullen

09 April 2014  |  5876 views  |  8

Metro Bank founder Anthony Thomson has recruited first direct chief Mark Mullen to head a new UK digital bank.

Mobile & online

Mashreq rolls out contactless stickers

08 April 2014  |  2507 views  |  2

United Arab Emirate-based bank Mashreq is offering customers stickers that can be attached to mobile phones and used to make contactless payments.


MasterCard reports contactless surge; forecasts boom in mobile payments

08 April 2014  |  7566 views  |  7

MasterCard is expecting an uplift in contactless transactions to lead to a revolution in mobile payments, with the card scheme currently running 50 NFC pilots across Europe.


Fewer than 1% of European ATMs upgraded to Windows 7

08 April 2014  |  3845 views  |  3

On the day that Microsoft ends tech support for the Windows XP operating system, research from RBR suggests that hardly any European ATMs have been upgraded to Windows 7.


Absa launches Payment Pebble mPOS device

08 April 2014  |  2524 views  |  1

South Africa's Absa has launched Payment Pebble, a headphone-jacked mobile point of sale device for small traders, as it refines its operating model to become a fully digital bank.


Researchers hack mPOS devices, play Flappy Bird

07 April 2014  |  8784 views  |  2

Mobile point-of-sale (mPOS) devices can be easily hacked, leaving banks, retailers and customers open to fraud, claims MWR InfoSecurity, which has even managed to play Flappy Bird on one reader.


ATM glitch gives homeless man $37k

07 April 2014  |  3270 views  |  1

A malfunctioning ATM erroneously spat out $37,000 for a homeless man who was picked up by police before he could make off with his haul.

Mobile & online

Royal Canadian Mint ditches MintChip digital currency project

07 April 2014  |  5440 views  |  2

The Royal Canadian Mint has pulled the plug on its MintChip cloud-based digital currency and is looking to offload the business.

Retail banking

Finnish telco hawks pre-loaded contactless payments stickers

04 April 2014  |  3201 views  |  3

Finnish telco Elisa has teamed up with convenience store chain R-kioski to sell pre-loaded contactless payments stickers.

Retail banking

As US card fraud rises, firms increase security spending

04 April 2014  |  3287 views  |  1

US credit card fraud increased last year despite efforts by firms to beef up their security, according to an Association for Financial Professionals (AFP) survey.


Barclays' customers spending £6.6 million per month with contactless

04 April 2014  |  4504 views  |  0

Barclaycard says its customers are now spending £6.6 million per month on their contactless cards, as the firm celebrates the fifth anniversary of the introduction of the technology to the UK.


Ellie Mae hit by DDoS attack

04 April 2014  |  2602 views  |  0

Mortgage origination software provider Ellie Mae says that a distributed denial of service (DDoS) attack is to blame for its systems falling over earlier this week.

Wholesale banking

Schwab calls on regulators to outlaw the "aggressive cancer" of high-frequency trading

04 April 2014  |  4036 views  |  4

Wading into the raging debate about the impact of high-frequency trading on stock market investing, Charles Schwab has decried the practice as a "growing cancer" that needs to be excised.

Retail banking

ANZ CIO Weatherston quits

04 April 2014  |  2193 views  |  0

ANZ is on the hunt for a new chief information officer following the sudden departure of Anne Weatherston.

Retail banking

NatWest glitch denies savers interest

03 April 2014  |  2668 views  |  0

A technical glitch has seen NatWest fail to pay interest on thousands of customer savings accounts and ISAs.

Retail banking

As cyber threat grows, EU regulators warn FS firms on IT budgets

03 April 2014  |  3507 views  |  0

Europe's financial institutions have been told by regulators that they must protect their IT budgets in order to guard against the growing threat of cyber attacks.


Hackers steal Texas liquor store chain customer data

03 April 2014  |  2957 views  |  0

More than half a million people may have had their card data stolen after a data breach at Texas wine and liquor store chain Spec's which dates back 18 months.


Banks losing millions to new wave of ATM hacks - FFIEC

03 April 2014  |  5348 views  |  4

US regulators have warned banks to protect their automated teller machines and card authorisation systems from a fresh wave of cyber-attacks that seek to exploit ATM control weaknesses to spew out millions of dollars in fraudulent withdrawals.

Retail banking

RBS to close 44 branches as customers go mobile

03 April 2014  |  3809 views  |  0

RBS is shutting 44 branches across the UK, blaming a 30% fall in in-store transactions over the last few years for its decision.

Mobile & online

Channel management key priority for banks as consumer contact points proliferate

02 April 2014  |  4049 views  |  3

UK consumers used an average of 6.2 channels to do business with their banks in 2014, driven by a surge in uptake of digital and social communications tools.

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