Latest News
07 Feb, 2013
MasterCard buys stake in data analytics firm Mu Sigma MasterCard is stepping up its interest in transactional big data, forming a partnership with, and acquiring a stake in, analytics firm Mu Sigma. Financial terms were not disclosed.
07 Feb, 2013
ERN unveils Looop big data platform for banks and merchants A new big data platform from a group of banking IT veterans is set to launch next week, promising to close the transactional loop that is currently broken every time a customer leaves a store with a paper receipt.
07 Feb, 2013
France gears up for mobile NFC services With more than than 2.5 million Cityzi NFC-enabled handsets now in circulation, France is ready for wide-scale mobile contactless services in 2013, claims an industry association.
07 Feb, 2013
Ireland struggles to ditch the cheque The Irish are writing far fewer cheques than they did ten years ago but the country remains one of the few in Europe where the paper instrument is still widely used, central bank figures show. (1 comment)
06 Feb, 2013
Oz watchdog sues Visa over currency conversion services Visa is being sued by Australia's competition watchdog, accused of misusing its market power to thwart competing currency conversion services.
06 Feb, 2013
Crooks steal $11m in ATM heists; 18 accused of £200m card fraud Cyber-crooks managed to take over financial accounts late last year and withdraw nearly $11 million from ATMs around the world using pre-paid cards.
05 Feb, 2013
Amazon to launch virtual currency Amazon is to introduce its own virtual currency for purchasing apps, games and in-app items on Kindle Fire.
05 Feb, 2013
Bank of Ireland debuts P2P mobile payments service Bank of Ireland has become the first bank in the Republic to introduce mobile-to-mobile payments for customers.
05 Feb, 2013
RBS and NatWest ride contactless wave RBS and NatWest have announced plans to issue over two milion contactless Visa cards to customers in the UK over the next year. (2 comments)
05 Feb, 2013
MPowa signs white label deal with Portugal Telecom mPowa has signed a white label deal with Portugal Telecom for the carrrier to resell its mobile card reading dongle to local merchants and financial institutions.
05 Feb, 2013
Weve appoints former Travelex man to lead mobile commerce joint venture UK telco consortium Weve has appointed David Sear, formerly of Travelex and VocaLink, as chief executive officer.
04 Feb, 2013
Anonymous allegedly leaks bank executive account information during US Super Bowl In the latest round of attacks, Hacktivist group Anonymous claims to have leaked the names, addresses and other personal information on around 4,000 bank executives.
04 Feb, 2013
Visa to offer "some" of its EMV technology free of charge Visa has annouced an expansion of its previously announced roadmap for EMV chip card adoption in the United States to include a migration path for ATM transactions. (1 comment)
04 Feb, 2013
Bank of America hit by website crash in the US Bank of America's online banking website crashed on Friday, February 1st in the US leaving customers temporarily unable to access their accounts.
04 Feb, 2013
Retail banking IT spend to hit $118.6bn in 2013 according to Ovum IT spending will grow by 3.4 percent at global retail banks reaching US$118.6bn in 2013. The Ovum Business Trends report also finds that European banks are lagging behind their North American and Asia-Pacific counterparts, with just 1.8 percent growth expected, compared to 3.3 percent and 5.1 percent, respectively. (1 comment)
01 Feb, 2013
Europe's businesses not prepared for looming Sepa deadline With the Sepa migration deadline now just a year away, Europe's businesses still have a long way to go, with only 30% of credit transfers and two per cent of direct debits compliant, according to Experian. (2 comments)
01 Feb, 2013
Facebook worms into wallets with plastic gift card Facebook has launched a reusable gift card that people can buy on the social network and send to friends for use at specific retailers and restaurants. (4 comments)
01 Feb, 2013
First direct CEO explains app shortcomings to customers First Direct CEO Mark Mullen has taken the unusual - and for a bank, refreshing - step of appearing in a video to apologise for the quality of the bank's mobile apps and to promise improvements based on customer feedback.
31 Jan, 2013
ECB seeks to improve online payments security The European Central Bank has outlined plans to improve the security of Internet payments, requiring firms to beef up their customer authentication processes. (5 comments)
31 Jan, 2013
Apple files patent application for 'ad-hoc cash dispensing network' Apple has filed a US patent application for an "ad-hoc cash-dispensing network" which lets people who need cash but cannot find an ATM send out an SOS through their iPhone to find people nearby who are willing to lend them the money. (12 comments)
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