Welcome to the Five at Five, your late look at the payments and commerce news of the day. Stories include Southeast Asia ride-hailing service Grab on the verge of a huge investment, Huawei knocking off Apple in smartphones, Royal Bank of Scotland getting a reprieve,...
Lloyds Bank of the U.K. announced it is gearing up to reduce the square footage of hundreds of its branches, and in some instances, it’s getting rid of the counter service sections. According to a report, the new so-called micro branches will be staffed with...
A major account authentication flaw might have exposed as many as 23,000 customers of Halifax and Bank of Scotland to fraud and data theft for over six years. The design flaw potentially exposed customer data, including savings, loan and credit card details, to fraudsters without them...
January 18, 2019
Lloyds Banking Group, which includes Bank of Scotland, Halifax and Lloyds, has suffered a faster payments glitch that affects customers’ ability to get money, according to reports. The issue appeared to be with Lloyds, but all banks issued identical statements. Halifax’s Twitter account referenced the problem early in the day on Friday (Jan. 18), saying […]
April 04, 2017
Lloyds Bank of the U.K. announced it is gearing up to reduce the square footage of hundreds of its branches, and in some instances, it’s getting rid of the counter...
October 16, 2015
A major account authentication flaw might have exposed as many as 23,000 customers of Halifax and Bank of Scotland to fraud and data theft for over six years. The design flaw...
