21 April 2015

Latest News

Retail banking

World Bank reports big drop in numbers of unbanked

16 April 2015  |  5417 views  |  10 comments | 37 tweets | 16 linkedin

A new report from the World Bank has recorded a massive 20% drop in the numbers of unbanked consumers, as 700 million adults worldwide joined the formal banking system and became account holders between 2011 and 2014.

Retail banking

M&S launches first self-service branch; rolls out instore 'banking pods'

16 April 2015  |  3272 views  |  1 comments | 14 tweets | 21 linkedin

The banking offshoot of UK retailer Marks & Spencer has opened its first self-service branch at its head office in central London.

Retail banking

Number 26 gets EUR10m in funding from Peter Thiel's Valar Ventures

16 April 2015  |  2767 views  |  0 comments | 7 tweets | 4 linkedin

German smartphone bank Number26 has scooped EUR10 million in funding from Valar Ventures, marking the second European fintech investment by Peter Thiel's fund, which had previously invested in Transferwise.

Cards

MasterCard agrees $19 million settlement with Target

16 April 2015  |  2961 views  |  0 comments | 9 tweets | 6 linkedin

MasterCard has reached a $19 million settlement with Target to reimburse member banks for expenses accrued following the massive 2013 data breach at the US retail chain.

Payments

Canada updates card code of conduct to include m-payments

16 April 2015  |  3245 views  |  1 comments | 8 tweets | 6 linkedin

The Canadian government has revamped its code of conduct governing credit and debit cards to include contactless and mobile payments.

Retail banking

BBVA buys UX firm Spring Studio

16 April 2015  |  7465 views  |  0 comments | 35 tweets | 17 linkedin

BBVA had bought San Francisco-based user-experience and design outfit Spring Studio as it continues to aggressively pursue its stated aim of becoming the "best digital bank of the 21st century".

Cards

Payment processor raises minimum wage to $70,000 a year

15 April 2015  |  2842 views  |  4 comments | 3 tweets | 6 linkedin

The founder of Gravity Payments has pledged to boost the minimum wage for his 120-strong team to $70,000 a year, funding the generous bump in part by slashing his own pay.

Security

Discover lets users freeze their misplaced cards

15 April 2015  |  2945 views  |  2 comments | 5 tweets | 9 linkedin

Discover has introduced a security feature that lets people who misplace their credit cards freeze their accounts from their mobile phones.

Retail banking

AmEx and Jawbone team on fitness band payments

15 April 2015  |  2541 views  |  0 comments | 8 tweets | 4 linkedin

American Express is teaming up with Jawbone to let people make contactless payments from their fitness tracker wearable devices.

Cards

NCR bids to disrupt the cash machine

15 April 2015  |  4504 views  |  1 comments | 23 tweets | 16 linkedin

NCR has launched a cloud-based ATM operating platform that the vendor claims can eliminate malware and reduce total cost of ownership by up to 40%.

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