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UK banking customers are moving away from high-street branches and increasingly using mobile banking apps, according to recent research recent by Barclays. A study by the bank found that usage of its mobile banking apps has grown hugely in recent times, with customers accessing the offerings 29 times a second. In contrast, the average customer only visits [...]

The post Barclays mobile banking apps processing £4 billion per month appeared first on Payments Cards & Mobile.

The Financial Services Information Sharing and Analysis Center (FS-ISAC), an organization focused on sharing critical cyber security threat information worldwide, and The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, have announced the formation of a strategic joint venture to develop and market automation solutions that advance [...]

The post FS-ISAC and DTCC announce Soltra to improve global cyber security capabilities appeared first on Payments Cards & Mobile.

Ripple’s payments network, that allows institutions to facilitate low-cost international money transfers without the intermediation of large banks, has signed its first two US banks as customers. The two banks – Bank of Topeka, Cross River Bank – are  not household names. Nonetheless, their use of the Ripple model marks a milestone for the Silicon Valley startup. [...]

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PayPal says it will partner with three major Bitcoin payment processors in this space – BitPay, Coinbase and GoCoin. Although PayPal has stopped short of integrating bitcoin into its digital wallet or payment processing services directly, the move marks PayPal’s first formal offering to the bitcoin community. In a blog post by senior director of corporate strategy Scott [...]

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The British Bankers Association (BBA) is to build a new alert system that will see 12 government and law enforcement agencies warn banks of the latest cyber threats to financial crime, in a bid to safeguard the accounts of millions of customers.The Financial Crime Alerts Service (FCAS) will be launched by the BBA early next year, [...]

The post BBA to launch financial crime alert system appeared first on Payments Cards & Mobile.