Latest Finextra news

Fraud losses on UK cards tumbled by more than a quarter - to £440 million - last year, the first fall since 2006, according to figures from the UK Cards Association.

Physical cash and its byproducts such as plastic debit and credit cards will soon be usurped by safer and more efficient mobile and digital money services says Standard Bank director Herman Singh, 18 ...

Barclays says that from March all new and reissued Visa debit cards for business customers will come with contactless technology as standard.

PayPal is asking UK customers to download software from Iconix to help identify genuine e-mails sent by the eBay unit and weed out phishing messages.

Swiss bank UBS is planning to launch a dark pool multilateral trading facility (MTF) for crossing orders in European stocks.

A group of 21 banks, clearing houses and associated payment service providers have launched the International Payments Framework Association (IPFA).

A bank in Colorado has begun blocking point of sale purchases over concerns debit cards may have been compromised by the massive data breach that hit Heartland Payment Systems in 2008.

Canada is set to dump cotton paper bank notes in favour of longer lasing plastic versions next year.

The Financial Services Authority has granted a banking license to start-up Metro Bank, which promises to usher in a new era of financial services provision based on old-fashioned deposit-based ...

The London Stock Exchange (LSE) has sold nine per cent of its 60% stake in the merged Turquoise and Baikal businesses to Barclays, JP Morgan Cazenove and Nomura, with each bank paying £1 million for ...

The vast majority of UK firms have yet to be certified as PCI DSS compliant with a third unsure if they will meet an upcoming September deadline, according to research commissioned by vendor Tripwire.

Core banking vendor Misys is planning to license its next-generation BankFusion platform to third party developers in an effort to promote the product as an industry tool.

Goldman Sachs' combative chief spokesman Lucas Van Praag has fallen victim to a mocking impersonator on Twitter.

Interdealer broker Tullett Prebon is to expand its market data business into valuations services with the acquisition of Vancouver-based OTC Valuations for an initial consideration of $0.6 million.

US P2P lending site Prosper has launched an online 'talk about the taboo' campaign where users can share their stories about money, debt and how to tackle it.

The European Payments Council has hit out at accusations by consumer groups that customer protection and security procedures are being undermined by the roll-out of the new Sepa Direct Debits (SDD) ...

China Mobile has entered into talks to buy a stake in Shanghai Pudong Development (SPD) Bank as the state-owned giant looks to diversify its business and tap the lucrative m-payments market.

Up to 42,000 St George Bank customers have been sent printed statements containing the account information of other people after a "production issue" at vendor Salmat.

Deutsche Börse's IT unit is working with open source vendor Red Hat as it bids to enable real-time transaction risk management for financial services clients.

Google, PayPal, Equifax, VeriSign, Verizon, CA, and Booz Allen Hamilton have announced the formation of the Open Identity Exchange (OIX), a non-profit organisation dedicated to building trust in the ...