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Tesco Bank has announced it will close all of its current accounts because most customers are no longer using them. The bank has estimated only 12% of its current accounts... read more

The post Tesco Bank calls time as it closes all its customer current accounts appeared first on Payments Cards & Mobile.

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In the last couple of weeks two Challenger banks have hit the UK. N26 is a German direct bank, headquartered in Berlin, that offers its services throughout most of the... more

The post Why the High Street banks should start to be concerned by the Challenger banks appeared first on Payments Cards & Mobile.

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cyber attack, Cyber Security, Daily News, FCA, Fraud & Security, Issuing & Acquiring, Regulation, Risk & Compliance, Tesco Bank -

The UK’s financial regulator (FCA) has issued Tesco bank with a £16.4 million penalty over an online cyber incident that occurred two years ago, the first fine the FCA has... more

The post FCA bares teeth – Tesco Bank fined £16.4m over “avoidable” cyber attack appeared first on Payments Cards & Mobile.

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Cyber Security, Daily news, Fraud & Security, Identity, Issuing & Acquiring, Processing & Systems, Tesco Bank, Tesco Bank Hack -

In a very good blog, originally posted on Withoutfire.com, John Elliott, a payments / privacy / cyber security / risk specialist has some very interesting views and theories on the Tesco... more

The post Was Tesco Bank hacked – or was the money stolen? appeared first on Payments Cards & Mobile.

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Cyber Security, Daily News, Fraud & Security, Identity, Issuing & Acquiring, Processing & Systems, Tesco Bank, Tesco Bank Hack -

In a very good blog, originally posted on Withoutfire.com, John Elliott, a payments / privacy / cyber security / risk specialist has some very interesting views and theories on the Tesco Bank Hack or Heist. I’ve read some pretty amazing articles and blogs in the last week, Elliott writes, that show quite a misunderstanding about how criminals [...]

The post Was Tesco Bank hacked – or was the money stolen? appeared first on Payments Cards & Mobile.

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