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NZ bank claims payment processor is capturing user details
A New Zealand bank has spoken out against a payment processor that it alleges is creating spoofed banking sites and capturing log-in details without customers' knowledge.
ANZ offloads Eftpos NZ to VeriFone
Eftpos NZ becoming too much of a "specialist business" for ANZ Bank, and is being sold to VeriFone.
Will Saral Money reduce corruption?
India's ruling government is making cash transfers an important pillar in its 2014 election strategy, and while others might call it bribery, citizens shouldn't complain if such initiatives help reduce corruption.
NFC is just the ticket for London buses as payments go contactless
Contactless payment technology comes to buses in the UK capital - but be careful when you swipe if you have more than one card in your wallet...
India unveils Aadhaar payment services
Country takes a major step toward financial inclusion with the launch of Saral Money, enabling the common man to open and operate an "instant" bank account through micro-ATMs.
Westpac goes paperless with iPads in branch revamp
iPads and dedicated touchscreens to be installed at Westpac's "modernised" branches to replace physical brochures.
Bitcoin exchange gains backing from French bank
The Bitcoin-Central exchange has partnered with French financial institutions to provider users with payment accounts and deposit guarantees.
Fund managers must centralise IT to survive: SimCorp
Changes in regulations for investment managers mean big changes to their IT systems, but when funds have multiple systems that need to reflect the changes, discrete systems will no longer be able to cut it, according to SimCorp.
ZTE receives $20B loan from China Development Bank
World's fifth-largest telecom equipment maker says it has signed a deal to loan US$20 billion from government-backed China Development Bank to finance its overseas expansion.
NAB launches social-media centre in Melbourne
NAB's new social-media command centre is nestled within the bank's training academy in Melbourne, houses seven staff, and now offers week-long social-media customer support.
Mobile banking in South Africa: Can MTN crack the market second time around?
Mobile operators in South Africa have long battled to find their feet in the mobile financial services market. Can MTN's Mobile Money buck the trend?
Is India ready for the cash transfer scheme?
The Indian government has finally announced its ambitious direct cash transfer scheme, but both banks and the regulator have a lot of work to do before the benefits start trickling down to the rural poor.
CBA Kaching for Facebook app coming in early 2013
CBA's customers will soon be able to make payments over Facebook.
India outsourcing blamed for $2.3B UBS rogue trade loss
Joint probe by U.K. and Swiss authorities finds key controls for "detection of suspicious trading activity" failed at an India outsourcing unit.
CBA pooh-poohs competitors' NFC trials
CBA said that putting the secure element required for NFC payments on SIM cards is "expensive and complicated," which is exactly how ANZ and Westpac are running their NFC trials.