The EU has tabled a few draft proposals designed to force banks to be clearer on their charges and make comparing fees easier, which could bring about the long-heralded end of mostly "free" banking in the UK. Read More >>
An introductory chat about the weather and last night's TV may soon be enough to get you through your bank's telephone security system, with Barclays successfully testing a voice recognition tool that authenticates users by analysing their speech patterns. Read More >>
The Federal Reserve in the US said that one of its internal websites had been hacked today. It's unclear who did the hacking but the Feds say that the hackers were not able to do any serious damage. Reuters says that, "no critical functions of the central bank were affected by the intrusion." Read More >>
This is so incredible that I think I've seen this in a movie before.* And if I didn't, it should be put in a movie immediately. Genius bank robbers dug a 100 foot tunnel from a parking garage across the street to the bank's safe deposit room and walked away with over £11,000,000 in goods. Read More >>
TouchPay is a new system of managing NFC payments, designed for iPhone 4 and 4S users who don't mind the social stigma that comes from having a pretty shameful plastic case known as the iCarte covering their fancy telephones. Read More >>
What a brilliant app. Not. HSBC's iPhone app for online banking declares that all iPhones are not phones at all. Rather, they are identified as unsafe and unprotected PCs that desperately need some security software. I really wonder how that got through the App Store. Read More >>
Featured comment by Taf:
"This would have never happened if Taf was testing the HSBC banks apps, the bank I work for only releases well tested, correctly functioning applicatio..." More »
Fully automated software earned its underground creators around £50million over the last year, as updates to the Zeus and SpyEye malware managed to steal bank account details, login and transfer money away from its owners. Read More >>
The complete crash of RBS and Natwest's payment system for four days last week was caused by a glitch in an automated batch processing tool, which is a rather mundane explanation for the banks' complete failure to register payments last week. Read More >>
Featured comment by Taf:
"Niether will I if I choose to change Jobs... My bonus goes with job.
Whats wrong with rewarding performance, sharing profit etc....
I agree bad per..." More »
Pingit, the Barclays app that lets bankers and normal people send money to each other with their phones, has been opened up to support all the other kinds of bank. Read More >>
Want some cash in Gifu Prefecture, Japan? Come September, you'll be able to just press some flesh with one of Ogaki Kyoritsu Bank's biometric ATMs to access your accounts. Read More >>
Featured comment by Darrell Jones:
"Not a good week for Abu Hamza. Not only is he going to be deported to the US, but soon he wont be able to use an ATM. :-)" More »
These cash points would be perfect if the world was filled with giant oafs and little imps but uh, it's not. That's why they're so completely horrible—normal people can't reach one cash point because it's too high while they have to go down to their knees to use the other. Read More >>
Using an automated teller machine is inherently risky. You stand there, your back turned, signaling to everyone around that you're about to have a wad of tens in your pocket. If you're lucky, there's a security guard on duty. But usually it's just you and whoever is lurking in that little convex mirror. Read More >>
Barclays has launched cross-platform smartphone app Barclays Pingit, which lets BlackBerry, iPhone and Android users transfer money to each other not by the modern NFC system, but by good, old-fashioned text messaging. Read More >>
Two hacking groups, Anonymous and Team Poison, have joined forces to take on the banks, steal money and donate it to charities and protests. Reclaiming the "99 per cent's money back". Read More >>
Featured comment by DavidMc0:
"I'm not sure exactly who the 99% are - I guess just those who aren't super rich bankers? Perhaps PoisAnon members, as part of the 99% would just keep..." More »