The Bank of England is to take over the direct running of the UK's Chaps high value payment system as part of a blueprint for a rebuild of its real-time gross settlement platform to accommodate new market entrants and a future-proofed interface to distributed ledger technology.
Welcome to Finextra's live coverage of the Swift Business Forum in Stockholm. This event will explore how banks can think in new and innovative ways as different business models impact the majority of existing banking revenues.
Macau is to introduce facial recognition for UnionPay cardholders at ATMs in an attempt to curb money laundering in the island territory.
The correspondent banking model governing bank-to-bank relationships is being eviscerated under the increasing weight of compliance challenges, experiencing a 25% drop in global connections over the past eight years, according to research from financial crime vendor Accuity.
The UK's Barclays Bank is rolling out a service to enable customers to switch off debit cards direct from their mobile app as part of a £10m nationwide drive to increase the public’s awareness of financial fraud risks.
Adam Davies, consultant at Altus Consulting believes the value of a single bitcoin will reach £3000 by the end of the year. He explains why.
02 has confirmed that hackers exploited long-known weaknesses in a protocol that connects back-end telco networks to intercept and re-route two-factor verification codes sent by German banks to customer mobiles to authorise online funds transfers.
Canadian Imperial Bank of Commerce (CIBC)
has quietly pulled its SIM-based NFC mobile payments app from the Google Play Store, citing the popularity of alternatives from Samsung and Apple.
The UK's Payment Systems Regulator and the Bank of England have agreed a framework for the consolidation of Bacs, the Cheque and Credit Clearing Company and the Faster Payments Scheme.
Hyundai is launching a 'Contactless Car' in the UK capable of accepting donations for national charity Stand Up To Cancer.
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