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1249 Results from 2014

/regulation

2014: That was the year that was

As Finextra pulls the shutters down on 2014, we take a look back at our most popular news stories, videos, features and blogs over the course of the past year. The site will re-open for business on 2 January 2015.

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Russian criminals hack in to bank networks to steal $18 million

A group of Russian cybercriminals which specialises in gaining access to the internal payments networks of banks has stolen more than $18 million over the past six months.

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Christmas Day to-do list: Unwrap presents, log on to mobile banking

Christmas may be coming, but it still doesn't stop people from dealing with their financial affairs, says AIB, which saw almost 200,000 customers logging in to their online account on 25 December 2013.

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Mobile overtakes all other channels for banking interactions - Bain and Company

Banking customers now handle more of their banking interactions, on average, via smartphones and tablets than through any other channel, says Bain and Company, which surveyed roughly 83,000 consumers in 22 countries to reach its conclusions.

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Apple Pay shows impressive early adoption

Apple Pay has the ability to significantly transform the mobile payment space says ITG Research, on the release of figures which show that iPhone users were responsible for one percent of digital payment dollars spent in the month of November.

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As bitcoin languishes, PeerNova raises $8.6 million to refocus on blockchain

With the price of bitcoin continuing to crater, Silicon Valley-based crypto-mining outfit PeerNova has raised $8.6 million in funding to refocus its business on blockchain-based enterprise products.

/retail

Payments Council to explore prospects for providing more information with payments

The UK's Payments Council has committed to explore options for incorporating richer data sets alongside business and consumer electronic payment transactions.

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Brits ready to switch banks to access mobile payments - Zapp

British consumers are increasingly prepared to switch banks to access mobile payments, as anticipation for new ways to pay builds, according to new research from mobile payments company Zapp.

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US community banks claim $90 million costs for Home Depot breach

US community banks are calling for a crackdown on merchant security protocols after reissuing nearly 7.5 million credit and debit cards at a total cost of more than $90 million as a result of the Home Depot data breach.

/retail

Royal Bank of Canada adds HCE to mobile app

Royal Bank of Canada has implemented Host Card Emulation for its mobile banking app, enabling customers to pay with most Android mobile phones without worrying about being on the right mobile network or having the right SIM card.

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International vendors on alert as US banks rethink core platform strategies

Consolidation among domestic vendors of core banking products in North America has created a rare opportunity for international players such as Temenos, Infosys, and TCS to establish a toehold in a market forecast to be worth $3.3 billion by 2017, according to a report by Celent.

/retail

EU agrees interchange reforms

The fees that banks charge retailers to process shoppers’ payments should be capped under uniform rules across the EU following a deal struck by Economic and Monetary Affairs Committee and EU Council negotiators.