01 November 2014

Latest News

Cards

Sign2Pay introduces signature-based mobile commerce payments

21 October 2014  |  4484 views  |  0

European startup Sign2Pay is hoping to crack the abandoned mobile commerce checkout conundrum with technology that lets customers complete purchases by signing their names on their phones' screens.

Risk & regulation

Staples investigates data breach; Moscow cleared of JPMorgan hack

21 October 2014  |  5143 views  |  1

Office supply retailer Staples has become the latest firm to reveal that it is investigating a possible data breach that could leave customer payment card details at risk.

Wholesale banking

Government rounds on Bank of England following Chaps breakdown

21 October 2014  |  10750 views  |  5

The Bank of England is coming under intense political pressure to provide a more detailed explanation of the ten-hour breakdown in the operation of the UK's high value payments system, Chaps, on Monday.

Start ups

Infocomm opens London office; invests in Startupbootcamp

21 October 2014  |  2229 views  |  0

Singapore's Infocomm Investments is looking to tap into London's booming fintech scene with the opening of a new office in the capital and an undisclosed investment in accelerator Startupbootcamp FinTech.

Retail banking

Apple Pay launches

20 October 2014  |  5684 views  |  1

Apple Pay enjoyed a relatively smooth launch in the US today, with customers of some of the country's biggest banks able to use their iPhones to make purchases at a host of bricks-and-mortar and virtual stores.

Payments

Visa veterans raise $14.5m for bitcoin processing platform

20 October 2014  |  4731 views  |  0

Bitnet, a bitcoin payments processor targeting large merchants that was set up earlier this year by a gaggle of Visa and CyberSource veterans, has raised $14.5 million in a series a funding round led by Highland Capital Partners.

Retail banking

RBS preps P2P lending platform - FT

20 October 2014  |  5287 views  |  0

The Royal Bank of Scotland is set to begin piloting an online peer-to-peer lending platform for SMEs by the end of the year, according to the Financial Times.

Wholesale banking

UK's high value payment system Chaps goes down

20 October 2014  |  6453 views  |  5

The Bank of England was forced to suspend the UK's real-time gross settlement system Chaps for several hours on Monday while it investigated an unspecified technical glitch.

Wholesale banking

Coinfloor to expand trading to wider range of currencies

20 October 2014  |  4420 views  |  0

London-based bitcoin exchange Coinfloor is to open up to new currencies, accepting deposits in US dollars, euros and Polish zloty, this Tuesday. Coinfloor is already the the biggest exchange for bitcoin-to-sterling transactions by volume of currency traded.

Mobile & online

Westpac rolls out PayTag contactless stickers

20 October 2014  |  2710 views  |  0

Westpac NZ is to issue customers with NFC stickers that can be attached to phones for contactless payments of up to $80.

Cards

Obama signs chip and PIN executive order

17 October 2014  |  13019 views  |  9

US president Barack Obama has signed an executive order mandating the use of chip and PIN technology at executive departments and agencies for card payments.

Retail banking

Crook dumps Target card details on Russian forum

17 October 2014  |  4308 views  |  0

A cyber-crook has uploaded the details of more than five million cards, many of them stolen during the data breach at US retailer Target, to a Russian carding site, says security firm Group-IB.

Security

Half of US POS terminals to accept chip cards by end of 2015

17 October 2014  |  5693 views  |  2

Nearly half of US merchant terminals will accept EMV chip card payments by the end of next year, according to a trade body set up to push the migration from magstripe plastic.

Payments

iZettle to promote mPOS through pop-up store in Central London

17 October 2014  |  4529 views  |  1

Six small businesses are to be given the opportunity to conduct a day's trading from a branded store front in South Molton Street, Central London, with the only stipulation that all transactions are conducted using mPOS technology from Swedish vendor iZettle.

Cards

MasterCard looks to bust contactless transaction limits with fingerprint cards

17 October 2014  |  10022 views  |  5

MasterCard has partnered with Norwegian firm Zwipe to launch a contactless payment card with built-in fingerprint sensor.

Trade execution

First Derivatives to take controlling interest in Kx Systems

17 October 2014  |  5118 views  |  0

First Derivatives has agreed a £36 million deal to acquire a further 46.47% stake in high performance database outfit Kx Systems, giving the firm a leg-up into the market for big data systems in capital markets and other vertical industries.

Mobile & online

Chicago transport system gets mobile ticketing app

17 October 2014  |  3517 views  |  0

From early next year Chicagoans will be able to pay for their bus and train journeys through a mobile ticketing app, although NFC m-payments will not be an option until 2016.

Mobile & online

Apple Pay to launch on Monday; banks rush to sign up

16 October 2014  |  8635 views  |  3

Apple Pay will launch in the US on Monday, enabling Americans to use their iPhones to make payments at the likes of Target, Uber, Groupon, and Starbucks.

Retail banking

EPC calls for candidates to join Sepa scheme management bodies

16 October 2014  |  2709 views  |  0

The European Payments Council (EPC) is calling for independent candidates to join a host of new bodies being set up to manage the Single euro payments area (Sepa) scheme.

Risk & regulation

DTCC to oversee US market shift to T+2

16 October 2014  |  4780 views  |  0

Within a week of European markets moving to a T+2 settlement cycle, the DTCC in the US has formed a steering committee and working group to oversee a similar shift for trades in equities, corporate and municipal bonds, and unit investment trusts (UITs).

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