Cards

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FBI investigating 400 corporate account takeovers

The FBI is currently investigating over 400 reported cases of corporate account takeovers, where cyber crooks have used ACH and wire transfers to steal tens of millions of dollars from US businesses.

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PayPal goes after the high street

PayPal is stepping up its bid to take on card companies Visa and MasterCard in the high street as the boundaries between online and offline merge.

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Global m-payments volumes set for rapid rise

Globally, mobile payments will represent 15% of all cards transactions by 2013, and will overcome plastic volumes within 10 years if growth continues at the same rate, claims the World Payments Report from RBS, Capgemini and Efma.

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US credit card crook jailed for 14 years

A US man has been sentenced to 14 years in jail for running an online business selling counterfeit credit cards that were used to steal more than $3 million.

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HSBC Merchant Services launches PCI DSS compliance service

UK payment processor HSBC Merchant Services has launched a service designed to help merchants comply with Payment Card Industry Data Security Standards (PCI DSS).

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Man pleads guilty to $2m ATM scam

An ATM network operator employee has admitted stealing around $2 million from the bank he was looking after machines for.

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Amex taps Twitter and Facebook for charitable giving; inspires stream of invective

American Express has launched a UK charity campaign, pledging 50 pence to the Prince's Trust every time someone shares on Twitter or Facebook something that inspires them.

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Cardless transactions are the future says South Africa's FNB

South Africa's FNB says it is "overwhelmed" by take-up of a novel cardless ATM service which enables customers to withdraw cash using SMS PIN codes sent to their mobile phone.

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Canadian wireless carrier Rogers files for banking license

Canadian telco Rogers has filed for a banking license so that it can issue its own credit cards and mobile wallets to its nine million-strong customer base.

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US cybercrime czar falls victim to skimmers

The Chair of the US Justice Department's Cybercrime Subcommittee, Jenny Durkan, has fallen victim to a gang of criminal skimming thieves who copied her bank card and drained her account of $1000.

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UK's largest bus operator joins contactless revolution

The UK's largest bus operator, FirstGroup, is to spend £27 million fitting contactless card readers to its fleet of vehicles nationwide, enabling consumers to tap in and pay for fares with their bank cards.

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ING Belgium secures online customers with Gemalto Ezio

ING Belgium has selected Gemalto's Ezio suite of end-to-end authentication technology to secure its million online banking customers.

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Crooks net $13m in ATM heist

Crooks broke into the computer network of FIS earlier this year, upped the limits on pre-paid cards, cloned them and then withdrew $13 million from ATMs around the world, according to security blogger Brian Krebs.

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EU backs project to improve ATM access for the disabled

The European Union is backing a project designed to make "public digital terminals" such as cash machines more accessible to disabled people.

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Verizon shops to sell Intuit GoPayment

Intuit has agreed a deal to sell its GoPayment mobile credit card processing technology in Verizon Wireless's 2300 retail stores and business-to-business sales channels.

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ACI increases cash component of S1 offer

ACI Worldwide has increased the cash component of its takeover offer for S1 Corporation by 50 cents a share.

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Erply joins mobile card reader scramble

Estonia-based Erply has become the latest firm to launch a system that turns iPhones and iPads into card payment terminals.

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Sweden's Square hits App store

A Square-like European start-up, called iZettle, that turns phone handsets into card payment terminals, has officially launched in Sweden.

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RBS cuts access to rival ATMs

Around one million Royal Bank of Scotland (RBS) account holders will soon be prevented from using cash machines belonging to rival banks.

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Buffett doubles MasterCard stake

Warren Buffett's Berkshire Hathaway has nearly doubled its stake in MasterCard over the last three months and also significantly boosted its Wells Fargo holdings.