Italian app makes SEPA Credit Transfers in a “Jiffy”
SIA, the Italian payment processor, has launched a new service called Jiffy that allows users to make real time transfers across the European Union using a smartphone app.
Technology & Products
Lloyd’s syndicates and US Homeland Security Secretary announce cyber security cover
A new cyber privacy and network protection scheme is being launched by Ridge Insurance Solutions, led by Homeland Security Secretary and Pennsylvania Governor Tom Ridge.
Epiphyte and Matchmove triumph in global fintech competition
Virtual currency processor Epiphyte and virtual credit cards company Matchmove have been named the winners of the Innotribe Startup Challenge, one of the best known fintech startup competitions in the world.
“Unprecedented” consortium of financial firms invests $66m in ex-Skype VP’s new venture
New workflow and communications platform Symphony Communication Services celebrated its official formation yesterday after securing investment from financial firms including BlackRock, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, and Morgan Stanley.
Canada’s largest online-only bank employs biometric security
Tangerine is bringing fingerprint recognition and voice banking to its mobile banking app, as a growing number of Canadians reach for their smartphone for banking transactions.
PayPal co-founder attacks EU “slackers”
You might think that a world in which 1.2 billion people use Facebook every month, 10 million iPhone 6s are sold in a single weekend and 50 billion devices are set to join the Internet of Things by 2020 is a world in which people embrace technology. Not according to Peter Thiel.
Indian Overseas Bank set to overhaul micro-merchant payments in Chennai
Taxi drivers and micro-merchants in the Chennai area of India will soon get a serious upgrade when 7,500 PosMate Smart chip and PIN mPOS devices are made available to them via the Indian Overseas Bank (IOB).
PayPal now accepts Bitcoin… sort of
PayPal has begun cautiously allowing customers in North America to pay for non-physical goods like music using the cryptocurrency, but has stopped short of integrating the payment method directly.
Could tokenization be the future of payment fraud prevention? The Boston Fed thinks so.
A new report by the Federal Reserve Bank of Boston and the Mobile Payments Industry Workgroup (MPIW) claims that tokenization could help instil confidence in the battle against fraud.
Astute banks can make money from ATMs, says new report
A new study by Efma and Clear2Pay rejects the common assumption that ATMs are purely cost centres and suggests new ways that banks can capitalise on the opportunities they offer.
