1631 Results from 2016
/payments
HSBC is to issue contactless credit cards to its 575,000 Business Credit and Corporate Credit customers in the UK, giving them an insight into sub-£30 purchasing spend on their accounts.
15 January 2016
/retail
From 2018 travellers will finally be able to pay for New York subway and bus journeys with a tap of their contactless bank card or mobile phone.
14 January 2016
IBM has won a tender to modernise the Federal Reserve's ACH platform, which processes up to 100 million transactions per day and half of all US payments.
Spain's CaixaBank is launching a mobile-only bank in a bid to win over the smartphone-wielding socially connected millennial generation.
New payment models may come and go, but the dominance of the simple plastic card is unlikely to be dented anytime soon, writes former HSBC techie Aden Davies.
As the UK prepares to roll out contactless payments across its public transport networks, the technology's popularity has been underlined by figures which show that in a single day last month more than a million journeys on London's tube were paid for with the tap of a Visa card.
In five years time most corporate accelerators and incubators will have disappeared in favour of more nuanced partnerships between banks and startups in a maturing digital ecosystem according to an analysis by Forrester.
Fintech will be high on the agenda at this year's World Economic Forum jamboree in Davos, as senior bankers take to the stage to discuss the digital convulsion hitting their industry, and smaller startups stalk the halls.
13 January 2016
/wealth
Fintech providers could pose a real threat to banks within five years, according to new research which shows that by 2020 half of consumers expect to use a technology outfit for at least one service their bank would usually provide.
Moneybox, a digital savings and investment app that rounds up spare change from card transactions into a stocks and shares ISA, has raised $3 million from Betfair and Ocado investor Samos Investments and a group of angel investors.
UK online retailer Shop Direct is to spend £50 million with IBM to develop personalised financial services for its four million customers.
Contactless cards and mobile devices could soon become a primary payment method for transit journeys across the UK under a smart ticketing initiative unveiled in Parliament.
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