Mobile point-of-sale (mPOS) devices can be easily hacked, leaving banks, retailers and customers open to fraud, claims MWR InfoSecurity, which has even managed to play Flappy Bird on one reader.
A malfunctioning ATM erroneously spat out $37,000 for a homeless man who was picked up by police before he could make off with his haul.
The Royal Canadian Mint has pulled the plug on its MintChip cloud-based digital currency and is looking to offload the business.
Finnish telco Elisa has teamed up with convenience store chain R-kioski to sell pre-loaded contactless payments stickers.
US credit card fraud increased last year despite efforts by firms to beef up their security, according to an Association for Financial Professionals (AFP) survey.
Barclaycard says its customers are now spending £6.6 million per month on their contactless cards, as the firm celebrates the fifth anniversary of the introduction of the technology to the UK.
Mortgage origination software provider Ellie Mae says that a distributed denial of service (DDoS) attack is to blame for its systems falling over earlier this week.
Wading into the raging debate about the impact of high-frequency trading on stock market investing, Charles Schwab has decried the practice as a "growing cancer" that needs to be excised.
ANZ is on the hunt for a new chief information officer following the sudden departure of Anne Weatherston.
A technical glitch has seen NatWest fail to pay interest on thousands of customer savings accounts and ISAs.
Europe's financial institutions have been told by regulators that they must protect their IT budgets in order to guard against the growing threat of cyber attacks.
More than half a million people may have had their card data stolen after a data breach at Texas wine and liquor store chain Spec's which dates back 18 months.
US regulators have warned banks to protect their automated teller machines and card authorisation systems from a fresh wave of cyber-attacks that seek to exploit ATM control weaknesses to spew out millions of dollars in fraudulent withdrawals.
RBS is shutting 44 branches across the UK, blaming a 30% fall in in-store transactions over the last few years for its decision.
UK consumers used an average of 6.2 channels to do business with their banks in 2014, driven by a surge in uptake of digital and social communications tools.
Discover Financial Services has invested in Buzz Points as part of a $19 million funding round for the loyalty rewards outfit.
Person-to-person mobile payments service Paym will be rolled out by Britain's banks at the end of this month.
The Federal Bureau of Investigation is investigating whether high-speed traders are breaking the law by acting on non-public information ahead of the wider markets.
US authorities have indicted 17 people accused of using stolen card data from Europe to withdraw hundreds of thousands of dollars from ATMs in Chicago.
Bottomline Technologies has struck a deal to buy customer acquisition software provider Andera in a cash and stock deal worth around $48 million.
© Finextra Research 2014