27 April 2015

Latest News

Cards

MasterCard agrees $19 million settlement with Target

16 April 2015  |  3372 views  |  0 comments | 10 tweets | 6 linkedin

MasterCard has reached a $19 million settlement with Target to reimburse member banks for expenses accrued following the massive 2013 data breach at the US retail chain.

Cards

Canada updates card code of conduct to include m-payments

16 April 2015  |  3673 views  |  1 comments | 9 tweets | 6 linkedin

The Canadian government has revamped its code of conduct governing credit and debit cards to include contactless and mobile payments.

Mobile & online

BBVA buys UX firm Spring Studio

16 April 2015  |  8631 views  |  0 comments | 37 tweets | 17 linkedin

BBVA had bought San Francisco-based user-experience and design outfit Spring Studio as it continues to aggressively pursue its stated aim of becoming the "best digital bank of the 21st century".

Cards

Payment processor raises minimum wage to $70,000 a year

15 April 2015  |  3012 views  |  4 comments | 3 tweets | 6 linkedin

The founder of Gravity Payments has pledged to boost the minimum wage for his 120-strong team to $70,000 a year, funding the generous bump in part by slashing his own pay.

Retail banking

Discover lets users freeze their misplaced cards

15 April 2015  |  3245 views  |  2 comments | 6 tweets | 9 linkedin

Discover has introduced a security feature that lets people who misplace their credit cards freeze their accounts from their mobile phones.

Retail banking

AmEx and Jawbone team on fitness band payments

15 April 2015  |  2685 views  |  0 comments | 8 tweets | 4 linkedin

American Express is teaming up with Jawbone to let people make contactless payments from their fitness tracker wearable devices.

Mobile & online

NCR bids to disrupt the cash machine

15 April 2015  |  5779 views  |  1 comments | 24 tweets | 20 linkedin

NCR has launched a cloud-based ATM operating platform that the vendor claims can eliminate malware and reduce total cost of ownership by up to 40%.

Security

British businesses battling epidemic of CNP fraud

15 April 2015  |  4058 views  |  1 comments | 15 tweets | 16 linkedin

British businesses were hit by card fraud once every 20 seconds in March, with small businesses being the most popular targets.

Mobile & online

Barclays 'Blue Rewards' push more customers to online and mobile

15 April 2015  |  4536 views  |  1 comments | 13 tweets | 19 linkedin

Barclays Bank has launched a digital 'Rewards Wallet' that will pay customers cash to recognise and reward their relationship with the bank.

Security

UK banks covering up cybercrime losses - City of London Police

14 April 2015  |  7644 views  |  14 comments | 26 tweets | 14 linkedin

A widely-held suspicion that UK banks are covering up the true scale of cybercrime has been confirmed by the City of London Police chief Adrian Leppard, who says that up to 80% of online crime goes unreported to the authorities.

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