03 December 2016

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EPC: Pan-European instant payments set for November 2017
Wholesale banking

EPC: Pan-European instant payments set for November 2017

30 November 2016  |  4797 views  |  2 comments | 19 tweets | 30 linkedin

The European Payments Council has confirmed a November 2017 launch date for a pan-European instant credit transfer scheme that will bring real-time money transfers across the Single Euro Payments Area (Sepa).

MasterCard applies AI to combat false declines
Retail banking

MasterCard applies AI to combat false declines

30 November 2016  |  4506 views  |  0 comments | 18 tweets | 14 linkedin

MasterCard is adding artificial intelligence as a core component to its network in an effort to provide better risk scoring across all transactions and cut the number of false declines.

BNP Paribas takes stake in accelerator graduate PayCar
Payments

BNP Paribas takes stake in accelerator graduate PayCar

30 November 2016  |  3730 views  |  0 comments | 4 tweets | 5 linkedin

BNP Paribas is participating in a EUR1.3 million funding round for PayCar, a fintech startup for purchasing second-hand cars that emerged from the French bank's accelerator and incubation unit L'Atelier.

Veggies beef with BofE over animal fat in new plastic fiver
Retail banking

Veggies beef with BofE over animal fat in new plastic fiver

29 November 2016  |  3033 views  |  1 comments | 3 tweets | 2 linkedin

Vegetarians and vegans are up in arms after the Bank of England confirmed that its new plastic £5 note contains traces of animal fat.

Blackmailers demand bitcoin ransom from customers for stolen bank account details - Bild
Security

Blackmailers demand bitcoin ransom from customers for stolen bank account details - Bild

29 November 2016  |  3153 views  |  0 comments | 4 tweets | 13 linkedin

Blackmailers are threatening to release the account details of a Liechtenstein-based bank's customers unless the victims pay a ransom of a percentage of their savings in Bitcoin, according to media reports.

R3 and Calypso to develop blockchain trade confirmation system
Blockchain

R3 and Calypso to develop blockchain trade confirmation system

29 November 2016  |  5470 views  |  0 comments | 13 tweets | 12 linkedin

Undeterred by the departure of some its top banking members, blockchain consortium R3 continues to press ahead with new initiatives, partnering with Calypso Technology to develop a multi-party trade confirmation system running on the Corda distributed ledger-based smart contract platform

Royal Mint to issue digital gold
Payments

Royal Mint to issue digital gold

29 November 2016  |  6319 views  |  1 comments | 22 tweets | 21 linkedin

The Royal Mint, a 1000-year-old institution owned by HM Treasury, is partnering with CME Group to create a digital gold product that will be stored and recorded on a blockchain.

UK Payments Strategy Forum sets out roadmap
Mobile & online

UK Payments Strategy Forum sets out roadmap

29 November 2016  |  5184 views  |  0 comments | 18 tweets | 19 linkedin

Giving Brits greater control over how they manage their day-to-day finances and taking on fraud are at the centre of a new regulator-backed strategy that promises to make payments fit for the 21st century.

Australian watchdog comes down on side of Apple in bitter bank dispute
Mobile & online

Australian watchdog comes down on side of Apple in bitter bank dispute

29 November 2016  |  4028 views  |  0 comments | 9 tweets | 11 linkedin

Australian banks are set to lose their bitter struggle to win collective bargaining rights over NFC access to iPhones as the country's anti-trust regulator issues a draft determination in favour of Apple.

ING pulls plug on P2P payments app Twyp
Retail banking

ING pulls plug on P2P payments app Twyp

29 November 2016  |  5532 views  |  1 comments | 16 tweets | 15 linkedin

ING is to discontinue its P2P mobile payments app Twyp in the Netherlands after it failed to gain traction with customers.

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