money
Liverpool’s Own Digital Currency Keeps Banks Out of the Loop

Local currency expert Colu is trying to kick the banks out of small communities and businesses across the country, with its app-only digital currency popping up all over the place -- and in the form of the hyperlocal Local Pound Liverpool. Read More >>

crime
Posties Bribed to Steal Bank Cards and PIN Letters

The BBC has gone deep undercover into the world of red polo shirts, with an investigation finding that gangs of fraudsters are trying to bribe postmen and sorting staff up to £1,000 a time to nick credit and debit cards and their followup PIN letters while they're in transit to their new owners. Read More >>

money
Businesses Send Perfectly Good £1 Coins to the Smelter

The effort to replace the nation's £1 coins with other £1 coins isn't going entirely to plan, as it seems that some businesses are failing to be bothered enough to sort them out properly before sending the old coins back to be melted away.  Some of the shiny new ones are being returned in with the battered old ones from 1983. Read More >>

money
Scotland Will Have a Polymer £10 in September too

Scotland's Clydesdale Bank, one of several Scottish banks that issues its own brand of bank note, is about to join the rush to make the tenner plastic. It'll launch its polymer £10 on September 21, just in time for baffled English tourists to take one home and have an argument in a Hemel Hempstead Tesco garage about if they're legal tender in England or not. Read More >>

security
TSB and Samsung Launch Iris-Scanning Account Logins

The subset of UK civilians that own a Samsung Galaxy 8 and have a TSB bank account are going to have a fun toy to play with this September, as the bank and the phone maker are teaming up to allow iris identification to access their account details. Read More >>

money
That £100 Note in Your Pocket May be Worth £300

A super-rare bank note from the Napoleonic era has been discovered in the UK, with the £100 note expected to fetch up to £300 at auction. Which is a bit rubbish, actually, as when it was produced in 1814 it would've been worth the equivalent of around £3,500 in today's money. Read More >>

money
New £20 Note Might be Safe for Vegans to Eat

The Bank of England and its note printing partners are experimenting with a new manufacturing process that does away with the small quantities of rendered animal fat tallow that are present in the new £5 and forthcoming polymer £10 notes, with a chance that the option might be ready in time for the introduction of the new £20 note in 2020. Read More >>

money
The Ancient Cheque Will Soon Clear in One Day

The cheque -- a bit of paper upon which you write a promise to have your bank send someone money and, somehow, it happens after about a week -- is about to be updated for the modern need-everything-now generation, with the funds soon to start clearing and appearing in the recipient's bank account within one day. Read More >>

money
Lloyds, Halifax and Bank of Scotland Apps and Sites Broken for a Second Day

Customers of the banks operating under the Lloyds umbrella are suffering a second day of everything being a bit broken and online banking access being sporadic at best, with the banks' web sites and apps generally not working properly for numerous users. Read More >>

money
Banks to Ask for Recipient Name Confirmation Before Sending Money

The UK's banks will soon update their antiquated payment systems, adding in a new confirmation step that should cut down on cases of money being erroneously wired to wrong accounts due to number typos. Read More >>

crime
Thieves Detonate Wrong Cash Machine and Steal Bank Statements

A group of German thieves thought they'd hit a winner when they detonated a local ATM, only to end up quite dismayed that they'd wasted their improvised explosive device on blowing up nothing more than a statement printer. Read More >>

security
HSBC Says a Selfie is All You Need to Open a Bank Account

HSBC will soon let its business customers open a bank account with nothing more than a selfie, as it claims that facial recognition tools are good enough now that you can't trick them with a printed out photo of the Queen and walk off with a £2bn overdraft. Read More >>

money
UK Banks Ordered to be More App-Friendly by 2018

The Competition and Markets Authority has finished its two-year sighing and meetings process looking at the state of the UK banking sector, with one key conclusion being that the banks aren't trying hard enough to compete with each other via their mobile options. So the CMA would like them all to push app connectivity much harder. Read More >>

money
Bank Transactions Should be Delayed to Protect the Vulnerable, Says Report

An organisation looking at ways to reduce banking fraud -- particularly among elderly and vulnerable groups -- says there should be an option to enforce a delay on the processing of all large transactions, with the mooted system including a notification being sent to an elected carer of family member to make sure that grandad really was trying to transfer £10,000 into an online casino wallet. Read More >>

android
Everything You Need to Know About Android Pay

Android Pay has launched in the UK, causing plenty of excitement amongst people who don’t simply like to fling their money around, but like to fling it around quickly, digitally and contactless-ly. So what’s the big deal with the payment system? Here’s everything you need to know about Android Pay. Read More >>