24 July 2014

All cards news

New York authorities have charged six people accused of being part of an international criminal gang which used stolen card data to buy thousands of event tickets through eBay-owned StubHub.

Woman with shopping bag

Amazon sneaks out wallet app

22 July 2014  |  2

Amazon has taken another tentative step into the world of offline commerce through the launch of a mobile wallet app where customers can store loyalty and gift cards.

ACI Worldwide is to acquire UK-based payment fraud prevention outfit Retail Decisions (ReD) for $205 million in cash.

European authorities say they have dismantled a Romanian-dominated cybercrime network that used a host of tactics to steal more than EUR2 million.

Venture capital interest in payment industry startups appears to be on the wane as investors wise up to the difficulties of achieving scale in a complex, competitive market.

Facebook has begun testing a 'buy' button which lets users purchase products advertised on the social network. Meanwhile, Twitter is also stepping up its commerce game, acquiring payments outfit CardSpring.

 

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