UK banking software outfit Misys has confirmed it is in merger talks with Swiss rival Temenos
The first batch of a network of recycle bins has been delivered within the Square Mile.
Renew, the company behind the 25 bins, which have screens attached to them, says the daily audience will grow from 750,000 at launch to over three million by the Olympics
New Zealand’s Kiwibank has selected Broadridge's PROactive Reconciliation solution
Tata Consultancy Services has concluded a transformation project at Phoenix Group
BBAC has installed Misys BankFusion Equation across 38 branches
Fujitsu and Natterbox have agreed a partnership re. the latter's recording and retention management solution for mobile devices
Bank of America, Fidelity Investments and PayPal are part of a working group aiming to develop standards for reducing the threat of deceptive emails
Raiffeisen Bank International is to launch CardMobile in Austria, allowing for payments via smartphones
Most Americans are resistant to mixing social media and personal finances, new research finds
Nouvobanq has chosen Oracle FLEXCUBE to help grow its retail and corporate banking operations
Misys has selected IBM software to help power its BankFusion platform
The UK Cards Association has published its 2012 Annual Report
Bluerock Consulting, headline sponsor of Finovate Europe, has chosen seven companies to watch at this year's outing
Total bank IT spending across North America, Europe and Asia-Pacific will grow to $173.3 billion in 2012
Peer-to-peer lending marketplace Prosper has launched a mobile optimised website
Capco has launched an IT Complexity Model project with Commerzbank
MasterCard, Commonwealth Bank and La Premiere Hoyts cinemas are trialling an m-payments app
Cooper Gay Swett & Crawford (CGSC) is implementing Sequel's Eclipse Broking software
The Co-operative Bank has come top in Forrester’s European Bank Customer Advocacy Rankings
IDC Financial Insights has revealed its 2012 top 10 predictions for the EMEA FS industry
Banco Sabadell has achieved a mobile banking first in Spain
Canada’s BMO has extended its video conferencing service so customers in remote and rural communities can use it
UK consumers are more likely to switch banks due to a bad experience than for rewards and incentives
Strategic Investment Group has selected Sophis VALUE for cross-asset trading and global risk management
PayPal’s m-payments volume reached $4 billion in 2011, more than five times that of the previous year
Deutsche Bank, Lloyds Banking Group, Credit Suisse, Nationwide Building Society and RBS are among those shortlisted for the 2012 FStech Awards
AXA has signed up to use the Detica NetReveal insurance claims fraud prevention service
Mobile banking users worldwide will reach 530 million by 2013, up from just over 300 million in 2011
Actiance and EarthIntegrate have announced a social media partnership pitched at financial advisors
Delta Lloyd Group is implementing Clear2Pay's Corporate Payment Hub SEPA solution
Digital banking is set to overtake branch networks as the main way customers interact with their bank by 2015
Global spending on retail banking technology will increase by $3.6 billion (3.2 per cent) in 2012
Co-operative Banking Group has extended its IT services partnership with Steria through to 2014
Wells Fargo has made its m-banking Android app available for download from the Amazon Appstore
Barclays is axing 422 jobs as it makes "essential changes" to its technology and infrastructure division
Diebold is demonstrating its new 4G LTE-enabled ATM at CES in Las Vegas this week
BBVA is adopting Google’s cloud-based collaboration and communication suite Google Apps for Business
NFC-enabled smartphones from Samsung Electronics, LG Electronics, Research In Motion have been certified for use with Visa payWave
miiCard has teamed up with Callcredit to launch a financial digital passport
UK tech vendor Misys has opened a centre of excellence in Beijing, the sixth such facility it has worldwide
SWIFT and SIA and Colt have won a tender for the access network to TARGET2 Securities
M&N Insurance Service has signed a contract with DataFort for Vaulting Plus
The majority of Brits will use voice commands to check their bank balance and perform other basic banking tasks on their mobile phone by 2014
London & Country Mortgages has selected Maindec for business-critical maintenance support of its HP EVA 4100 SAN storage systems
Citi has launched a Facebook application aimed at users of its ThankYou loyalty programme
SWIFT has chosen MicroStrategy as its enterprise business intelligence and analytics standard
PayPal has been rocked by the sudden departure of its president Scott Thompson
Netop’s Live Guide solution has been deployed at Old Point National Bank in the US
2012 will see a tipping point for broad contactless adoption, with consumers viewing it as a precursor to m-payment
UNX has launched Catalyst Marketplace, an app store for the financial services industry
Halifax has launched a mobile banking app on the iPhone, Android, BlackBerry and Nokia platforms
IdeaPlane has officially launched with two unnamed top 10 global investment banks as founding clients
Monitise has signed a five year strategic partnership agreement with FIS
FStech is teaming up with sister title, CIR, to host the Secure Information Conference
Commercial Bank of Africa (CBA) has implemented Treasury Trader, a front to back office solution from Temenos
Aviva’s risk assessment team is deploying Blackberry PlayBooks in what is said to be an industry first
BT has snagged a £45 million contract with CLSA Asia Pacific Markets
first direct's crowdsourcing venture has reported on its latest batch of user feedback
Wolters Kluwer Financial Services has urged the UK banking industry to engage with the EBA on the refinement of COREP to avoid extraneous burdens and costs
Google Wallet rival Isis is to utilise Gemalto’s Allynis Trusted Service Manager (TSM) solution
Forty eight per cent of consumers would choose traditional banks to operate their mobile wallets
A new Efma report shows that retail banks’ innovation performance is improving
SAP has announced the forthcoming release of the 8.0 version of its banking software
FStech has extended the entry deadline for its 2012 Awards through to Monday, 19 December
Customers will spend five minutes on average undergoing security checks before abandoning an attempt to open a new banking facility online
Dashwood Brewer & Phipps has upgraded to the latest version of Sequel's Eclipse broking software
Citi’s Global Transaction Services (GTS) business has opened an innovation lab in Singapore
Barclaycard Global Commercial Payments has announced that all corporate Barclaycards are to be contactless-enabled
David Yates will take over as CEO at payments processor, VocaLink, in January
It was déjà vu all over again for HSBC customers yesterday as they experienced problems with internet banking
LivingSocial has named Dickson Chu as senior VP for merchant solutions
HSBC has taken to Twitter to apologise after receiving a record FSA fine
Global cyber security spending is expected to reach $60 billion in 2011
IBM is to provide consulting and integration services plus software and hardware resources for Temenos implementations
Time is running out to enter the 2012 FStech Awards, the deadline being Friday, 8 December
MasterCard is investing in US m-banking outfit, mFoundry
Watch2pay, the UK’s first ever prepaid contactless wristwatch, has launched
Six German banks are set to launch Visa payWave-enabled contactless services
DAB Bank has deployed the latest release of NICE Interaction Management
Movenbank has moved to address concerns about its use of Facebook
FStech is gearing up to announce the results of its Security Sentiment in Retail Banking Survey
Project Brokers has unveiled an expense management application which can be accessed via the Xbox Kinect games console
Gulf International Bank is implementing Assuria Log Manager
Telefónica Digital and Research In Motion are piloting a mobile wallet for BlackBerry smartphones
first direct has topped a study looking at customer satisfaction with UK retail banks
HSBC Merchant Services is to provide Post Office branches with card processing services
VocaLink is teaming up with Clear2Pay to facilitate the move to global Immediate Payments
Barclays is to roll-out 'talking ATMs' next year, backing the RNIB’s Make Money Talk campaign.
NFC adoption is being hampered by security concerns amongst consumers
The Co-operative Bank and Halifax are at the front of the pack when it comes to engaging prospects online
The EPC has published guidelines for SEPA mobile contactless transactions
SAS says that sales to the banking industry, across many business lines, continued to rise in 2011
It’s the quality of banks’ engagement, education and communication with Gen Y which leads to customer retention
Visa Europe has taken a minority stake in Beyond Analysis
BearingPoint has launched its ABACUS/Solvency II reporting solution
NS&I has started the procurement process for its new operational services contract
The m-banking strategies of FIs are rapidly evolving, but many still admit they have neither planned nor executed their mobile strategy perfectly
Investment network, eToro, has launched an app to enable social trading on the move
RBS is to invest in core banking solutions from the SAP for Banking portfolio
Scott Bales has joined Movenbank as chief mobile officer
iZettle has announced the completion of its test phase and the start of commercial availability
New Zealand's ASB Bank has become one of the first banks to make use of Google+
Facebook usage amongst UK tech outfits companies is soaring, but only 31 per cent use it to engage
Optimal Payments is providing a mobile payment solution to MORE TH>N
Technology Credit Union is enabling real-time, P2P payments from its ATMs to those with a mobile phone/e-mail address
HSBC is one of the few top brands without a presence on an app store, according to a new survey
The payments sector is undergoing unprecedented change, with various new entrants helping to drive innovation
The Co-operative Banking Group has implemented the initial phase of its internal virtual assistant, Mia
Bank Islam Brunei Darussalam (BIBD) is deploying biometric ATM technology and software from Wincor Nixdorf
A rapid shift in attitude towards cloud banking is happening within the FS industry
Bank Transfer Day exploded into life at the weekend via Facebook, Twitter and the mainstream media
Metro Bank is to implement SunGard’s Ambit Asset Liability Management (ALM) solution
Visa Europe is investing £24.7 million in mobile money outfit, Monitise
HSBC customers were unable to access their first direct online accounts or use cash machines on Friday afternoon
Consumers in the Middle East and Poland are keener on new payment technologies than those in the UK/Ireland, Germany and Australia
Working with IBM, Nationwide Building Society has launched a new interactive online banking service
Infosys has launched Finacle e-banking Version 11, designed to enhance customer loyalty
Magnolia CMS is powering a new corporate wealth management solution for Scottish Widows, in an implementation by CSC
Frankfurter Bankgesellschaft has implemented Atlantis ILIO as part of its Citrix XenDesktop desktop virtualisation project
The FStech/Retail Systems Payments Technology Conference is fast approaching
The BlackBerry Bold 9900 and Curve 9360 are the first SIM-based NFC smartphones to be certified by MasterCard as PayPass-approved devices
Commonwealth Bank of Australia has unveiled a mobile phone application by the name of Kaching
Nine out of ten bankers are not confident over stress testing while three in four struggle to capture trading data
Investec Bank is providing enterprise social community software for its workforce using the Telligent platform
Pygg, which enables one-to-one payments and bill splitting via Twitter, has launched
The UK Payments Council has launched its revised National Payments Plan
WikiLeaks has stepped up its war of words with Bank of America, Visa, MasterCard, PayPal and Western Union
Five financial institutions have taken a minority stake in Chi-X Global Holdings
Teradata has won its first partner bid with Microgen to re-engineer the accounting process of the Co-operative Banking Group
The latest Fraud Index from Experian reveals that identity fraud attempts doubled in the first half of 2011, compared to Q4 2010
eBay reports that its third quarter sales grew 32 per cent compared to the same quarter last year, with profits rising by 14 per cent
Union Bank is using Ambit Reconciliation to consolidate its reconciliations onto one platform
Several US retailers are rolling out an enhanced Google Wallet experience
Anderson Zaks has moved its credit card transaction processing to The Bunker
FStech has announced details of its 2012 Awards judging panel
British Arab Commercial Bank is using IBM Business Analytics to streamline and automate operations and reduce liquidity risk
A new application from Citi enables mobile network operators to accept top-up payments from customers through Facebook
Only 17 per cent of consumers want to use mobiles as wallets, according to research from Intersperience
The Mortgage Works has launched a buy-to-let affordability calculator app for Android and BlackBerry smartphones
Allianz Insurance has implented multi-channel technology from iJento
U.S. Bank has launched a credit card app for use at selected retail partners
NCR is working with PayPal and S1 Corporation to enable real-time P2P payments from ATMs
Barclaycard has become a sponsor member of the NFC Forum
Citi has selected Fidessa for a workflow and trading platform for the bank's global listed derivatives business
The Vtesse Cirrus Hoddesdon datacentre has been upgraded
Anonymous has called the threat to erase the NYSE from the internet a "high-scale media scare tactic"
The Royal Bank of Scotland has launched the Liquidity Solutions Portal (LSP)
Anonymous has failed to follow through on its threat to erase the New York Stock Exchange from the internet
The BT Unified Trading voice service is now available in 12 more global financial centres
FStech and Retail Systems have announced details of three new speakers/panelists for their forthcoming Payments Technology conference
New VocaLink research shows global consumer demand for inter-bank payments in near real-time via mobile phones
Nationwide is re-launching its interactive First Time Buyers’ Guide as a smartphone and tablet-friendly PDF
Fraud losses on UK cards decreased in the first half of 2011 compared with the same time last year
Tesco has decided to slow the final stage of the Tesco Bank systems migration
The majority of UK consumers are banking online in some form or another but just 33 per cent are confident their details are safe
Maximizer Software is making its Maximizer CRM Live cloud-based solution available to the financial services sector through the Microsoft Azure Marketplace
Citibank has revamped its website for US consumer banking clients
Anonymous has threatened to erase the New York Stock Exchange from the internet
Adeptra and ValidSoft have forged a partnership to help retail banks detect and prevent fraud
The financial sector is ill-prepared for the FSA regulation making compulsory the recording of mobile calls
ACI Worldwide has swooped to acquire S1 Corporation in a deal worth approx $360 million in cash and 5.8 million ACI shares
Movenbank has started to alpha test its services with a select few members of the public
A report by McKinsey & Company and Efma shows that interest in mobile banking is getting stronger
Vertex has completed a move by ING Direct UK to the Omiga mortgage processing software
Oracle has hit back at claims by Autonomy CEO, Mike Lynch, that he did not try to 'shop' them the firm before selling to HP
Working with IBM, Nationwide Building Society has revamped its internet bank
Callataÿ & Wouters has completed its first project for the German market
first direct is looking to involve customers in the design of its new debit cards
Voxsmart has received significant orders from four of the top six global banks, relating to recording mobile phones
The past decade has seen a huge change in the way Brits use credit and debit cards
The FStech Awards will once again feature the Employee's Choice Award category
NCR is launching a new ATM and branch security solution for European financial institutions
Aldermore Bank has integrated the Q-Guard fraud detection and prevention tool into its risk management procedures
HCL has signed a five-year, application support transformation deal with Deutsche Bank's Capital Markets arm
SWIFT has completed a pilot exercise of the E-CU in conjunction with four banks
More than 25 banks across the world have contracted to implement Insight Risk Intelligence from Temenos
Orange and Barclaycard are to launch a second Quick Tap contactless-enabled handset
MarkitSERV is to acquire Logicscope, a provider of post-trade workflow solutions and STP for FX transactions
Misys has announced the results of its third annual Trends in Transaction Banking survey
Brett King officially launched Movenbank at Sibos 2011 this week
Misys has launched GeoGuard, a new location-based banking service
The much anticipated Google Wallet is now available in the US
Deutsche Bank has selected TCS as a strategic partner for its Production Management Transformation Initiative, within the Capital Markets Business Unit
Fundtech has pulled the plug on its merger agreement with S1 Corporation
FStech and Retail Systems have announced details of two new speakers for their forthcoming Payments Technology conference
Financial institutions are struggling to calculate market and credit risk in real-time
Monitise has been granted a patent for its secure mobile payments and commerce technology
Cards remain the preferred non-cash payment instrument, but mobile payments are growing even faster than many predicted
Mobile Interactive Group (MIG) has acquired micropayments business Zaypay for an undisclosed sum
HSBC Merchant Services has launched a service to help businesses ensure customers’ transactions are secure against fraud
Visa Europe and its member banks have commenced a contactless payments pilot in Strasbourg
European Credit Management (ECM) has implemented Finacle Treasury as its trading platform for credit derivatives and total return swaps products
FStech has announced the addition of three new categories for its 2012 awards
The new UK financial regulators need to be supported by strong systems of governance and accountability, says the BBA
Intelligent Environments, part of Parseq, has signed an agreement with payments processor, TSYS
ING Belgium is deploying Gemalto’s Ezio suite of end-to-end authentication solutions to deliver increased security online
Northern Bank has launched a mobile banking app, available now at the App Store and Android Market
FirstGroup is aiming to be the first bus operator outside London to offer customers contactless payment
VocaLink has launched its new multi-channel gateway product, enabling banks to offer real-time, inter-bank m-payment services
HSBC has launched a social media newsroom for journalists, bloggers and online commentators
IBM is to acquire risk analytics firm Algorithmics for $387 million
Monitise has announced its audited preliminary results for the year ended 30 June 2011
The National Bank of Abu Dhabi has gone live with Misys Loan IQ
Visa Europe has released its first Contactless Barometer to benchmark consumer take-up of new payment methods
Monitise has signed a partnership agreement with RBS Technology Services
Tesco has announced a $45 million (£27.4 million) deal with CA Technologies to manage its IT network
Nationwide Building Society has selected FICO Blaze Advisor for its Strategic Risk Infrastructure initiative
ACI Worldwide has increased its cash and stock takeover offer for S1 Corporation
Monitise has been granted a licence to provide mobile money services in Nigeria by the country's Central Bank
The majority of 18 – 25 year olds have taken social media and its ideologies into adulthood, influencing how they deal with financial services companies
Andrew Higginson, the Tesco director who spearheaded the supermarket's move into banking, is to step down next year
The 18 month old file infecting worm Win32.Ramnit has morphed into financial malware and is actively attacking banks to commit online fraud
The website for the 2012 Retail Business Technology Expo and Cards & Payments Solutions event is now live
VocaLink is to make a phased withdrawal of its Euro CSM and SEPA value added services
One in five Brits would pay their bills through a mobile phone if they had the choice
iZettle has launched a mobile payment app for the iPad, iPhone and iPod touch app
Dom Maklerski BZ WBK has gone live with WealthManager from Temenos
Telefónica Germany, Telekom and Vodafone have teamed up to create m-payments venture, mpass
Ireland’s use of electronic payments is rising but still trails the EU average, according to Ipso
Charter UK has released research showing that half of the UK’s largest financial services firms have yet to nominate an executive responsible for complaints
ACI Worldwide is looking to derail the proposed merger between S1 and Fundtech
The first ever FStech and Retail Systems payments technology conference will include discussion panels covering NFC/mobile payments and cash vs cards
City firms have yet to find the best way to respond to the FSA’s new mobile voice, text and data recording regulations
Standard Bank internet banking account holders are now able to buy Ukash vouchers directly from their accounts
Fraud and cybercrime and mobile are high up on the banking industry’s agenda
Logica is partnering with TIBCO on a new financial messaging solution based on FASTWIRE Open, its network independent messaging platform
Visa has announced plans to accelerate the migration to EMV contact and contactless chip technology in the US
BT and TeleWare have launched a network-based recording service for mobile devices
Spending on IT by the financial markets industry will hit $90 billion by 2015, driven by strong growth in Asia-Pacific and a bounce back in the hedge funds sector
Bank Chinatrust Indonesia has selected Finacle to replace its legacy system to drive growth plans
The future of cheques is still uncertain, with Age UK calling for ‘specific plans’ to restore faith in the payment option
FStech and Retail Systems have added new speakers/panellists to the agenda for their joint payments conference
Verizon Wireless is to integrate American Express's Serve digital payment and commerce platform on many of its mobile phones and tablets
Bank of America is using Microsoft Tag 2D barcodes in an online promotion of its new mobile banking app for the Windows Phone 7
JPMorgan Chase Bank, N.A has chosen FRSGlobal’s web-enabled local regulatory reporting solution for Hong Kong and Singapore
VeriFone has acquired rival Hypercom following clearance by the US Department of Justice
Research In Motion’s latest BlackBerry handsets are the first BlackBerry smartphones to include built-in support for NFC
Customer retention and the implications of new regulations arising from the financial crisis continue to trouble banks
US-based Union First Market Bank has launched three mobile banking offerings
ACI Worldwide responds to the announcement that S1 Corporation’s Board of Directors has rejected its takeover approach
first direct is embracing crowd sourcing via a new online platform called first direct Lab
S1 Corporation has rejected a takeover move from payment systems provider ACI Worldwide
BNP Paribas and Orange have formed a partnership to launch mobile banking services in November
Spain’s Banco Sabadell says that 80 per cent of its customer operations are being carried out via remote banking
Mark Mullen is the new CEO at first direct, taking over the role on 1 September
US ATM operator NYCE has signed a multi-year agreement with UK counterpart LINK
Monitise Asia Pacific has signed a joint venture agreement with PT Astra Graphia Information Technology (AGIT) in Indonesia
Over two thirds of shoppers in the UK believe that cash is still king
Significant numbers of major European banks are adopting techniques used by successful retailers to increase revenues and cross-sell products
Anonymous and LulzSec are calling for people to immediately close their PayPal accounts and consider an alternative
CoreLogic's FraudMark scoring software is now available to UK mortgage providers through Experian’s Hunter II fraud detection system
The financial sector is taking the lead in iPad adoption, according to a new Good Technology report
Metro Bank, which celebrates its first birthday on 29 July, has signed up over 25,000 accounts in the last 12 months
Worldwide mobile payment users will surpass 141.1 million in 2011, a 38.2 per cent increase from 2010
Smartphone use continues to soar, but mobile banking adoption has stalled in the US
Bank of Cyprus UK has purchased an automated payments solution from Albany Software
PayPal has lined up trials of a PoS system with a major US retailer
FStech and Retail Systems have added new speakers/panellists to the agenda for their joint payments conference
US contactless mobile payments venture Isis has brought onboard Visa, MasterCard, American Express and Discover
Xerox is working with Lloyds Banking Group to design, print and deliver targeted marketing materials
A pilot scheme to bring mobile banking and payments services to Nigeria has signed up over 6,000 people
American Express has announced an agreement with Sprint to boost Serve, its recently launched digital payments platform
U.S. Bank has introduced the MasterCard PayPass VITAband, a wristband that makes use of contactless payment technology
Clydesdale and Yorkshire Banks are launching Trusteer’s Rapport software to protect customers from online fraud
Financial messaging provider Swift has announced the development of its Market Infrastructure Resiliency Service
Ecobank has launched Fundtech’s Global CASHplus cash management system across its network of affiliates
Banks are not taking full advantage of their online platforms, despite increasing customer engagement in the channel
PayPal has unveiled a peer-to-peer NFC-based payments Android widget that lets people pay and get paid in a matter of seconds by tapping together two phones
M-banking outfit Monitise says that full-year revenues are expected to be approximately £14 million
RHB Banking Group (RHB) has chosen Fiserv to support its interest-rate risk and liquidity risk management strategies
Yorkshire Building Society has selected Quest’s Q-Guard fraud detection and prevention suite
FStech and Retail Systems have launched the website for their forthcoming payments conference
XBRL US has launched a Facebook competition, inviting participants to contribute open source analytical applications for investors that leverage corporate XBRL data
The Payments Council has scrapped plans to phase out cheques by 2018
Commonwealth Bank of Australia has enhanced version 2.0 of its tablet and phone app
Uncertainty surrounding upcoming OTC derivatives regulation is prompting concern amongst banks in four key areas
Retail Decisions (ReD) is adding six new methods to meet the growing need for alternative payments
Visa Europe has once again stopped payments to WikiLeaks
Santander's decision to bring its call centres back to the UK has been warmly received by the NOA
ION Trading has completed the acquisition of Wall Street Systems
WikiLeaks’s payment provider, DataCell, says that it is once again able to accept credit card payments
Financial services institutions could face a backlash from their traders if technology deployed on mobile phones to record calls creates a poor user experience
FStech and Retail Systems have launched a Twitter account for their forthcoming payments conference
The total value of mobile payments for digital and physical goods, money transfers and NFC transactions will reach $670 billion by 2015
Western Union has signed an agreement with Travelex Holdings to acquire the Travelex Global Business Payments division
PayPal UK's Twitter account was taken over by a disgruntled customer who fired off a series of angry tweets complaining about the service
The International Cyber Security Protection Alliance (ICSPA) launched this week in London
The Banking Industry Architecture Network (Bian), has expanded its worldwide reach
Mastek has delivered the new Select platform for wealth managers, Bestinvest
Tesco Bank customers who were locked out of their accounts for a number of days have now logged back in online
Misys is to grow its staff levels in China from 120 to 300, over the coming year
American Express cardmembers are now able to pay for Facebook Ads using Membership Rewards points in a move aimed at small business owners
One in four UK smartphone owners now use mobile banking services, according to a new survey
WikiLeaks is to sue MasterCard and Visa for blocking donations to the organisation
State Bank of India is installing NetClean’s Proactive software to its in-house system
WikiLeaks has released a Mastercard commercial parody featuring none other than Julian Assange
By 2015 digital currency will be accepted everywhere in the US and customers will no longer need to carry wallets
Fiserv has entered into a definitive agreement to acquire CashEdge, a provider of consumer and business payments technologies, for $465 million
Dynamics Inc. has snagged $35 million in a Series B round of financing led by Bain Capital Ventures
Bangladesh bank Dutch-Bangla Bank Limited (DBBL) is utilising the Sybase 365 m-banking platform
Square has raised $100 million in a series C funding round led by Kleiner Perkins Caufield & Byers (KPCB)
Mobile services could reduce global financial exclusion by five to 20 per cent through to 2020 and increase GDP by up to five per cent
US cardholders are beginning to connect with credit card issuers via social networks, according to a recent survey by Synergistics Research
Hactivists have taken down MasterCard’s website in protest at the continuing blockade of funds for WikiLeaks
New figures from the BRC suggest cautious customers are turning from credit cards to cash and debit cards to better manage their finances
S1 Corporation and Fundtech have entered into an all-stock merger agreement valued at approximately $700 million
Tesco Bank has apologised unreservedly to customers who have been unable to access their accounts for a number of days
PayPal has raised its 2011 Mobile Total Payments Volume (TPV) projections to $3 billion
Just days after declaring war on the banking sector, hackers Lulz Security have announced they are to disband
Ninety six per cent of retail banks cite the internet and 82 per cent mobile technologies as having the most important impact on payments infrastructures
Citi Ventures has made a strategic investment in mobile payments provider Billing Revolution
Larry Summers, former Chief Economic Advisor to President Obama, has joined the board of Square
Earlier in the week Misys confirmed a preliminary takeover approach and the bidder has now been revealed
Teradata is working in partnership with SAS on a project involving the National Bank of Abu Dhabi (NBAD)
A computer systems update has left some Tesco Bank customers unable to access their accounts since the weekend
mFoundry has announced that more than 400 US financial institutions have selected mBanking, its mobile banking and payments solution
Hackers Lulz Security are targeting the banking sector as part of a new campaign dubbed Operation Anti-Security (#AntiSec)
Shares in Misys rose almost 10 per cent in morning trading on Tuesday after the company confirmed a preliminary takeover approach
NCR Corporation has announced the global launch of the next generation of its financial kiosks
The UK's Office of Fair Trading has referred BATS Trading's planned acquisition of Chi-X Europe to the Competition Commission
China Merchants Bank and social networking platform Renren are to issue a co-branded credit card with social features
PayPal has hit back at hackers claiming to have released the online payment gateway's account information to the public
The latest weekly index from Keynote Systems, looking at the performance of the 16 top banking sites in the UK, makes good reading for Bank of Scotland
Sixty seven per cent of UK consumers are happy with the way they currently pay and have no plans to use new mobile wallet technology
Everything Everywhere, Telefónica UK and Vodafone UK are forming a mobile marketing and payments joint venture
Britannia is using Citrix XenDesktop to give its relocated mortgage service team seamless access to corporate systems through virtual desktops
Co-operative Financial Services has launched a free service, protecting its customers against the threat of fraudsters and cyber criminals
UBI Banca International has deployed SEPA payments processing systems from Fundtech
PNC Bank has unveiled a new mobile banking feature that allows customers to deposit cheques using an iPhone, iPod Touch or iPad 2
The Design Against ATM Crime exhibition is to run from 16 - 21 June at Central Saint Martins College of Art and Design
Verizon Wireless and Payfone are working together to bring a new mobile payment system to the former's customers
Tesco Bank is in the final stages of the transition to its own systems and infrastructure
Visa is to acquire mobile financial services provider, Fundamo, for $110 million
Global NFC mobile contactless payment transactions will reach nearly $50 billion worldwide by 2014
AIB has deployed Gemalto’s Ezio solution to provide additional security across its online banking services
Bank Machine has launched a competition where customers can win cash by texting in answers to general knowledge questions posed on ATM screens
Visa Europe has signed an agreement with Digital Realty Trust to build a new bespoke datacentre facility in the London area
Citi has been hit by computer hackers who have stolen data from thousands of North American customers
Visa has predicted that 20 million contactless cards will be in circulation in the UK by end of 2011
Spain's Pave has chosen Cinnober as its technology partner on its new marketplace focusing on Spanish listed equities and ETFs
Russia's VTB 24 Bank is improving its one-to-one marketing campaigns via the ATM channel with NCR APTRA Relate
Fifty per cent of British consumers will adopt mobile banking by 2014
Garanti Bank and Turkcell have teamed up with MasterCard to launch a prepaid card
Oxford Capital Partners (OCP) has led a £2 million investment in Compliant Phones
UK vendor Monitise has launched its mobile money apps for Standard Chartered in India
Chaucer Syndicates, a specialist insurer at Lloyds, has teamed with Wipro on a regulatory compliance solution
Experian has been selected by Crédit Agricole CIB to help clients with SEPA compliance
Pakistan’s Habib Bank has licensed Misys BankFusion Equation
Banks are not doing enough to make their branches welcoming and are failing to effectively inform their customers of products and services
The UK’s Payments Council has launched a project to help participating banks and building societies deliver m-payments
FIS has inked a multi-year deal with United National Bank (UNB) for issuing and processing debit cards
The UK’s biggest banks are breaching data protection rules with alarming regularity, according to figures obtained by Which? Money
CEDICAM has selected Accenture to implement a new IT platform
Google has been hit by a PayPal lawsuit over the much anticipated Google Wallet
ForeSee Results has published its first customer satisfaction report for online banking in the UK
Metro Bank is to implement ARC Mobile, Temenos’ mobile banking solution
Eighty six per cent of finance sector CIOs believe cloud computing to be over-hyped
Square has launched an application which aims to make PoS terminals obsolete courtesy of iPads and cards with mobile phones
Seventy six per cent of financial services industry technology executives expect to increase IT spending over the next 12 months
Forty two per cent of smartphone users are keen to use their mobile as their wallet, according to a recent online consumer survey
Nordea Bank has implemented Orange Business Services - Trading Solutions’ BusinessConference and TradeVoice services
Orange and Barclaycard have launched Quick Tap, the UK’s first contactless mobile payment service
Wave Crest, FIS, Intelligent Environments and Visa Europe will power O2’s mobile wallet service, launching later this year
London-based Derwent Capital Markets has launched its £25 million social media-focused hedge fund
An update to PayPal’s Android app means that US customers can transfer cheques to accounts by taking a photo with their handset
Lloyds TSB is the mobile payments issuance partner for the Samsung Olympic and Paralympic Games mobile handset
Drivers using the M6 Toll Road will soon be able to pay for their journey using contactless credit and debit cards
A new study of global CIOs shows that 60 per cent of organisations are ready to embrace cloud computing over the next five years
SAP has been named a leading vendor by two analyst firms serving the financial services sector
CIOs are using regulation to create IT innovation in the financial services sector, according to a new report released by Xantus
TeleWare has launched what is pitched as the first “clientless” mobile call recording solution for financial services organisations to meet new FSA rules
Markel International has invested in a new IBM storage solution from ICM
Princeton Financial Systems has signed Invesco Great Wall FMC (IGW) as a new PAM client
Float has worked with the RBS Global Banking and Markets team to create an app on the Blackberry Playbook
FICO and Equifax have announced a new partnership to offer the UK credit and insurance industry sharper risk management solutions
Mitek Systems has reported an increase in revenue and earnings for its fiscal second quarter
China Guangfa Bank, Infobip, Misys, Nykredit, Oberthur Technologies and Western Union have joined Mobey Forum
HSBC Commercial Banking has unveiled a new business banking app for the iPhone and iPod touch
Four out of 10 consumers would prefer to learn about new financial services technology by talking with someone at their bank, rather than learning it on their own
Readers of FStech can now access the latest financial technology news via their iPhones, courtesy of our recently updated app
Swift has selected Sword FircoSoft to provide components of its new centralised Sanctions Screening service
A new mobile payment solution has hit the market, one which requires no hardware or software modification at the point of sale (POS) nor on the mobile device itself, from DigiMo
The European Payments Council (EPC) has launched a public consultation on its Mobile Contactless SEPA Card Payments Interoperability Implementation Guidelines
Failure to handle customer complaints in the correct manner amongst a number of insurance firms could result in the Irish central bank taking action
Bank fraud is the top concern for UK consumers, beating out malicious attacks at large gatherings, such as the Olympics, and concerns over terrorist attacks on aeroplanes
International provider of IT solutions and services GFT Group and banking software provider Temenos have signed a partnership agreement to enhance the sales, services and delivery capabilities of Temenos’ solutions within Europe, with a focus on Spain, Portugal, the UK and Germany
The UK and Europe’s largest provider of payment card services, WorldPay, has recommitted to ACI Worldwide’s BASE24 authorisation engine, extending its long-standing relationship with the company
HSBC Insurance UK has begun preparations for the upcoming European Solvency II legislation by signing a contract with IBM, which will see the company assist the bank in a developing and implementing a business analytics solution
Provider of bank and prepaid card management and innovation solutions, DimpleDough, has been chosen by Eastern Bank to provide debit card customisation technology and services to its customers
WorldPay is to acquire Envoy Services Limited, a provider of alternative payment solutions to eCommerce merchants, for an undisclosed figure
The Payments Council has launched a consultation on updating its UK National Payments Plan, covering what users need from payments including cash and cards, electronic payments and emerging technologies
Organised cybercrime is high on UK organisations’ fear list, with 45 per cent of respondents to an IronKey survey believing that their organisation is a target of organised cybercrime which could result in the theft of data or money, or of sabotage
ICT-based business solutions provider Fujitsu and leading Spanish financial operator la Caixa have installed the world’s first ATMs to feature contactless technology
June’s Client Money and Asset Return (CMAR) initiative, which will allow the Financial Services Authority (FSA) to monitor Client Assets Sourcebook (CASS) firms’ client money and asset positions, is fast approaching, and medium and large firms should prepare now
Changing customer behaviour, intense competition and new banking models will alter the Russian banking market over the next four years, claims Accenture
Ireland’s largest high speed mobile network, Three, has chosen mobile payments provider Mi-Pay to supply a direct top-up solution for the company’s expanding Pre Pay customer base
One in five smartphones will have NFC by 2014, according to a new Juniper research report
ATM-related fraud losses fell by 14 per cent over 2010, according to the European ATM Security Team (EAST), with total losses of €268million reported
The Cloud Industry Forum and the Cloud Security Alliance have joined forces to drive best practice in cloud service provision
A panel to set regulations to protect all UK banking customers should be established by Parliament, such as the UK Payments Association
The greatest potential for green IT to supply critical energy efficiencies and cost savings is in the financial services sector, reports Fujitsu
Financial messaging provider SWIFT has joined the Payments Council in the UK as an Associate Member
The Big Four auditors will be stripped of their oligopoly of the audit market due to findings in an eight month investigation, including one showing that the breakdown of dialogue between bank auditors and regulators made the financial crisis worse
The coalition government has acknowledged that government ICT has a “really bad name”, but will encourage greater transparency in the coming year, according to its ICT strategy paper, released today
Labour ministers ordered expensive computer projects as an afterthought or in an effort to make their policies “sound sexy”, according to a biting attack on the government by Tony Blair’s former IT chief
Sir Stuart Rose has been appointed non-executive chairman at the Mobile Money Network (MMN), a joint venture between Monitise, Best Buy Europe and Carphone Warehouse founder Charles Dunstone
MasterCard has approved the world’s first UICC-embedded software application from Gemalto, designed for mobile near field communications (NFC)
Claims by Italian researchers that “Chip and PIN is Broken” have sparked outrage in the industry, with payments specialists defending the initiative left, right and centre
Criminals are turning increasingly towards intellectual property as a ‘Cybercrime Currency’, leading to companies spending up to $1million each week in an effort to secure their most sensitive business information, reports McAfee
March was a heavy month for Hacktivist Attacks, with the most occurrences on record
E-money network Ukash has launched its first iPhone app, offering consumers on the move the chance to load, send and spend cash online
Lloyds Bank Corporate Markets has commenced clearing its interest rate swaps (IRS) business through SwapClear
The Budget 2011 delivered some interesting points across the financial sector, with technology receiving a real mix of announcements
Outsourcing is back in vogue with new research showing that two thirds of European CIOs and CFOs are spending more on outsourcing partnerships than three years ago.
Sixty-four per cent of C-level executives are spending more on partnerships in this ‘Reset Economy’
Financial Services Authority (FSA) has published the Prudential Risk Outlook (PRO), setting out its assessment of macroeconomic and financial trends as a context for its micro-prudential regulation and supervision of firms
It is too late to start complaining about the Basel III regulations cutting a chunk of their profitability when they come into effect, warns a banking expert
RSA executive chairman Art Coviello’s revelation that internal systems at RSA had been the victims of cybercrime, and that the resulting data breach could compromise the authentication capabilities of the SecurID authentication tokens, has rocked the security industry
Following the publication of the Prudential Regulation Outlook (PRO) last week, the Financial Services Authority (FSA) has published its business plan setting out its priorities for 2011/12, and the implications for the FSA’s budget
Lloyds TSB has jumped on the contactless payments bandwagon and introduced the technology on its VISA debit cards to current account customers within the M25
Ignorance and Ambiguity are among the seven deadly sins of cloud computing, according to the Information Security Forum’s (ISF) report looking at the implementation of and guidance for this technology
HMRC’s treatment and use of data needs a “fundamental reform”, says a report looking at PAYE improvement by the All Party Parliamentary Group on Taxation (APPG)
The UK has strengthened trade links with Massachusetts – one of the top technology hubs in the US – a move welcomed by David Willetts, Science Minister
Financial Sector Technology’s (FST) annual conference is just two weeks away, and we’re all getting a bit excited (and nervous) here at FST HQ
Despite the virtualisation hype, the full potential if a virtual machine (VM) is yet to be realised, and failed recoveries cost financial services organisations almost £260,000 every year, reports Veeam Software
An early warning system for new technologies that could have a significant impact on society should be provided by an IT ethics observatory, say experts
