01 September 2016
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CVS follows Walmart with own mobile payments service
Cards

CVS follows Walmart with own mobile payments service

11 August 2016  |  3941 views  |  0 comments | 7 tweets | 6 linkedin

CVS Pharmacy has become the latest MCX member to launch its own mobile payment service, enabling customers to pick up their prescriptions by scanning barcodes on their handsets.

US exchanges bid to dampen down trading halts
Risk & regulation

US exchanges bid to dampen down trading halts

11 August 2016  |  2676 views  |  0 comments | 2 tweets | 4 linkedin

The three biggest US stock exchanges - Bats, Nasdaq, and Nyse - have drawn up a set of harmonised rules to deal with trade halts during volatile markets.

AIB mobile banking knocked out
Payments

AIB mobile banking knocked out

11 August 2016  |  4123 views  |  0 comments | 2 tweets | 2 linkedin

Allied Irish Bank (AIB) says that "technical issues" have led to problems with some online, mobile and branch transactions.

Mondo gains banking licence
Mobile & online

Mondo gains banking licence

11 August 2016  |  7516 views  |  0 comments | 20 tweets | 26 linkedin

App-only bank Mondo is the latest UK challenger bank to gain a banking licence from the Financial Conduct Authority and Prudential Regulatory Authority.

New kid on the block: Raphaels Bank joins Faster Payments
Retail banking

New kid on the block: Raphaels Bank joins Faster Payments

11 August 2016  |  4359 views  |  0 comments | 6 tweets | 11 linkedin

Raphaels Bank is to begin offering Faster Payments services to UK fintech companies as it becomes the first new bank to connect directly to the scheme since its inception in 2008.

Wall Street giants team up on cyber security
Security

Wall Street giants team up on cyber security

10 August 2016  |  7456 views  |  1 comments | 14 tweets | 16 linkedin

America's biggest banks are joining forces to combat the growing threat from cybercriminals, setting up a group that will work on preparing for attacks and improving information sharing, according to the Wall Street Journal.

Team GB gets in shape for wearable payments
Payments

Team GB gets in shape for wearable payments

10 August 2016  |  5742 views  |  0 comments | 14 tweets | 9 linkedin

Visa is to equip all 366 British athletes, as well as 150 support crew, with a Team GB-branded Payment Band for making tap-and go purchases during the Olympics.

Bank consortia look to distributed ledgers and smart contracts to rewire trade finance
Payments

Bank consortia look to distributed ledgers and smart contracts to rewire trade finance

10 August 2016  |  14274 views  |  2 comments | 51 tweets | 57 linkedin

Bank of America Merrill Lynch, HSBC and the Infocomm Development Authority of Singapore have claimed success in demonstrating the application of distributed ledgers to replace paper-based Letters of Credit in trade finance transactions.

Apple hits back at Australian bank 'cartel' in Apple Pay fight
Mobile & online

Apple hits back at Australian bank 'cartel' in Apple Pay fight

10 August 2016  |  5203 views  |  6 comments | 10 tweets | 3 linkedin

Apple has accused Australian banks of using "innuendo and misstatements" to support their attempts to overcome restrictions imposed by the consumer electronics firm on the use of iPhones for mobile payments.

Alibaba makes VR payments play
Mobile & online

Alibaba makes VR payments play

10 August 2016  |  7908 views  |  0 comments | 19 tweets | 25 linkedin

Chinese web behemoth Alibaba is working on bringing its payments clout to VR, developing technology that will let people buy goods in a virtual world by making physical gestures.

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