07 July 2015

Latest News

Trump hotels investigate card breach claims
Cards

Trump hotels investigate card breach claims

02 July 2015  |  2545 views  |  0 comments | 2 linkedin

Donald Trump's luxury hotel chain appears to have fallen victim to a data breach that has seen credit card data compromised.

Citi builds blockchains
Virtual currency

Citi builds blockchains

02 July 2015  |  5080 views  |  2 comments | 23 tweets | 10 linkedin

Citi has been exploring distributed ledger technology for years, building three blockchains and creating its own crypto-currency, dubbed Citicoin, the banking giant has told International Business Times.

Current accounts become top target for financial fraudsters
Security

Current accounts become top target for financial fraudsters

02 July 2015  |  2685 views  |  0 comments | 9 tweets | 4 linkedin

For the first time, current accounts have become the most targeted financial product by fraudsters, as criminals probe for loopholes in the UK's seven-day switching service.

Barclays extends cheque imaging to Android phones and iPads
Payments

Barclays extends cheque imaging to Android phones and iPads

02 July 2015  |  3462 views  |  3 comments | 13 tweets | 11 linkedin

Barclays is to roll out its mobile cheque imaging service to Android phones and iPad users, bringing the service within reach of one million more customers.

PayPal to enter international money transfer market with Xoom acquisition
Payments

PayPal to enter international money transfer market with Xoom acquisition

02 July 2015  |  4088 views  |  0 comments | 26 tweets | 11 linkedin

PayPal is forcing its way into the booming market for international remittances with a proposed $890 million acquisition of money transfer startup Xoom.

Mobile banking biometrics gains traction
Mobile & online

Mobile banking biometrics gains traction

02 July 2015  |  6276 views  |  1 comments | 27 tweets | 25 linkedin

Banks are rapidly adopting biometrics as an authentication method for mobile services and are willing to cooperate to provide customers with a common interface, according to a survey from the Mobey Forum.

KFC taps Alipay for Chinese mobile payments
Retail banking

KFC taps Alipay for Chinese mobile payments

01 July 2015  |  3527 views  |  0 comments | 6 tweets | 5 linkedin

KFC has become the latest major retailer to strike a deal with Alipay, enabling customers in China to pay for their fried chicken with their mobile phones.

Interactive Data explores sale or IPO - Reuters
Wholesale banking

Interactive Data explores sale or IPO - Reuters

01 July 2015  |  1804 views  |  0 comments | 2 linkedin

Interactive Data is gearing up for a possible sale or initial public offering that could value the market data outfit at more than $5 billion, according to Reuters.

Santander and Monitise form fintech venture
Retail banking

Santander and Monitise form fintech venture

01 July 2015  |  5156 views  |  0 comments | 14 tweets | 13 linkedin

Banco Santander and mobile money vendor Monitise have formed a £20 million joint venture that will invest in and help build fintech startups.

US banks pump $16.6bn into digital transformation
Payments

US banks pump $16.6bn into digital transformation

01 July 2015  |  8219 views  |  2 comments | 39 tweets | 27 linkedin

American retail banks will spend $16.6 billion on "digital transformation initiatives" this year, according to research from IDC Financial Insights.

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