International security services are investigating a highly sophisticated cyber attack which is believed to have targeted more than 100 banks and financial institutions around the world.

Scottish customers are more likely to use digital payments than the rest of the UK, with mobile prospects particularly strong over the next two years.

Digital Shadows will use last week’s £5.2 billion funding injection to extend its operations in the US and open premises in San Franciso and New York.

Apple Pay is moving beyond the private sphere already, and will be available as a payment method for US government services come September.

China’s conventional banking sector is battling it out with the e-commerce industry by launching a rival version of the popular “red letter” promotion.

Smart Communications launched a new service last week that will allow subscribers to pay for App Store and iTunes purchases on their monthly mobile bill in the Philippines.