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Amex earmarks $100m for investment in digital commerce startups

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Amex earmarks $100m for investment in digital commerce startups

Credit card giant American Express has set up a $100 million fund to invest in digital commerce startups.

Intuit turns up the heat on Square with AT&T partnership

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Intuit turns up the heat on Square with AT&T partnership

Intuit is partnering with carrier AT&T to take on start-up Square in the emerging mobile card processing market.

Canadian banks to offer authentication backbone to government ID scheme

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Canadian banks to offer authentication backbone to government ID scheme

The Canadian government is to use bank-issued credentials from TD Bank, Scotiabank and BMO to enable citizens to obtain access to public services online.

HSBC ATM and e-banking services fall over

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HSBC ATM and e-banking services fall over

HSBC was hit by a major glitch on Friday afternoon, leaving angry customers unable to access their online accounts or use cash machines as the weekend beckoned.

Starbucks and PayPal report surge in mobile payments

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Starbucks and PayPal report surge in mobile payments

While banks and telcos continue to tread gingerly in the mobile payments space, trailblazers like Starbucks and PayPal are reporting massive surges in transaction volumes.

Japanese telco NTT Docomo takes stake in German bank

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Japanese telco NTT Docomo takes stake in German bank

Japanese telco NTT Docomo has moved to boost its mobile payments operations in Germany, buying a controlling stake in private bank Bankverein Werther.

Snake in an ATM

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Snake in an ATM

A Spanish man adder bit of a shock when he tried to withdraw some cash from his local ATM, with the machine dispensing a snake alongside his euros.

Banks backing UK government online identity project

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Banks backing UK government online identity project

Big banks and card schemes are among a list of 26 companies that are working with the UK government on the creation of a new personal identity system for consumers transacting online.

Triton ATMs to dispense pre-paid cards

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Triton ATMs to dispense pre-paid cards

Cash machine manufacturer Triton has adopted pre-paid card dispensing technology from Arizona-based Better ATM Services.

Bank Islam Brunei Darussalam chooses Wincor Nixdorf biometric ATM tech

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Bank Islam Brunei Darussalam chooses Wincor Nixdorf biometric ATM tech

Brunei-based Bank Islam Brunei Darussalam (BIBD) is rolling out biometric-enabled ATMs from German vendor Wincor Nixdorf.

Phone scam targeting elderly Brits nets crooks £750k

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Phone scam targeting elderly Brits nets crooks £750k

The UK banking industry is warning Brits about an old-style phone scam that has seen fraudsters con elderly people out of more than £750,000 this year.

BofA ditches debit card fee plan

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BofA ditches debit card fee plan

Bank of America has become the latest US financial institution to cancel plans to introduce monthly fees for debit card users.

American Express files virtual currency patent

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American Express files virtual currency patent

American Express has filed a patent for a system and method for using loyalty rewards as a currency.

JP Morgan Chase taps Facebook for $1m sweepstakes

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JP Morgan Chase taps Facebook for $1m sweepstakes

JP Morgan Chase has taken to Facebook to promote its Chase Freedom credit card, entering people who 'like' it on the social networking site into a million dollar sweepstakes.

Mumbai gets diamond-dispensing ATM

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Mumbai gets diamond-dispensing ATM

Indian jewellery firm Gitanjali has unveiled an 'ATM' that dispenses not cash but gold, silver and diamonds.

Singapore preps national NFC m-payments service

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Singapore preps national NFC m-payments service

Singapore's government has appointed a consortium, including Citi and Gemalto, to build a S$40 million interoperable NFC infrastructure for mobile payments.

CommBank makes NFC play with Kaching

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CommBank makes NFC play with Kaching

Commonwealth Bank of Australia has unveiled Kaching, a mobile phone application and case capable of conducting NFC-based, e-mail P2P, and Facebook payments from a single handheld device.

WikiLeaks ceases publishing to fight 'financial blockade' as funds dwindle

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WikiLeaks ceases publishing to fight 'financial blockade' as funds dwindle

Whistleblowing Web site WikiLeaks has suspended publication to concentrate on fighting the 'financial blockade' imposed by Visa, MasterCard, PayPal and others.

Durbin lashes out at Wells Fargo debit fee plans

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Durbin lashes out at Wells Fargo debit fee plans

The architect of US interchange reforms, US Senator Dick Durbin, has demanded that Wells Fargo explains the need for the imposition of monthly charges on customers to use debit cards, just days after the bank posted a 21% rise in third quarter profits.

US banks sued over ATM fees

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US banks sued over ATM fees

A New Jersey man has sued Bank of America, JPMorgan Chase and Wells Fargo, claiming that they collude to fix the fees charged to withdraw money at ATMs.

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