Latest Cards News: Finextra Research

Austria's RBI preps mobile NFC roll out

Austria's Raiffeisen Bank International (RBI) is preparing to introduce a contactless mobile payments service.

27 January 2012

MasterCard mobile app lets Aussie movie-goers order food from their seat

MasterCard has teamed up with Commonwealth Bank and cinema group Hoyts to pilot a mobile payments application that lets movie-goers order food and drinks directly from their seats.

24 January 2012

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MPowa launches UK's Square

UK e-commerce outfit Powa has become the latest firm to launch a plastic dongle and mobile app that turns smartphones into payment card readers.

23 January 2012

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Singapore banks move to EMV for ATM cards

Singapore's banks will introduce EMV chip technology to all ATM cards over the next two years as part of an industry-wide security push.

20 January 2012

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Alleged Russian cybercriminal extradited to US following five-year manhunt

An alleged Russian cybercriminal has been extradited from Switzerland to the US to face charges of credit card fraud, computer hacking and stockmarket manipulation.

19 January 2012

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Citi invests in gift card exchange Plastic Jungle

Banking giant Citi has used its investment arm to take a strategic stake in Plastic Jungle, an online exchange for gift cards. Terms of the deal were not disclosed.

19 January 2012

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Amex licenses Serve to China's Lianlian

American Express has licensed its Serve digital wallet platform to Chinese mobile top-up provider Lianlian Group and made a $125 million equity investment in the firm's overseas unit.

18 January 2012

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ICICI launches Facebook banking app

India's ICICI has launched a Facebook app that lets customers carry out banking tasks without leaving the social network.

18 January 2012

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Israeli hackers target Arab stock exchange sites as cyberwar escalates

Israeli hackers have targeted the Web sites of stock exchanges in Saudi Arabia and Abu Dhabi in retaliation for an attack earlier this week on the Tel Aviv bourse.

18 January 2012

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DBS reacts to skimming with SMS alerts for ATM withdrawals

Following a recent skimming scam, Singapore's DBS Bank has started sending customers text alerts when ATM withdrawals are made using their cards.

18 January 2012

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Banorte targets Mexico's underbanked with mobile-based service

Mexican bank Banorte has teamed with payments specialist Rev Worldwide to launch a mobile-based financial services programme aimed at the country's millions of underbanked.

17 January 2012

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Visa: US EMV move doesn't mean chip and PIN

Following its decision last year to push the adoption of EMV in the United States, Visa has moved to clarify that this does not mean the introduction of chip and PIN cards.

17 January 2012

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Ingenico brings PayPal option to POS terminals

US merchants with Ingenico point-of-sale terminals will be able to accept PayPal payments from customers, under a deal struck between the two firms.

17 January 2012

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Visa Europe hails UK e-commerce spending growth; sets sights on mobile

Around £1 in every £3 in the UK was spent on Visa cards in 2011, with growth in debit and e-commerce payments fuelling a strong year for the European card scheme, which is now training its sights on mobile services.

17 January 2012

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Thieves dig 100ft tunnel to steal ATM cash

Thieves in Manchester spent six months digging a 100-foot tunnel to reach a cash machine but made off with a paltry £6000 for their troubles.

16 January 2012

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Finextra and Mobey Forum to stage European mobile banking and payments conference

Finextra is partnering with the bank-backed Mobey Forum to launch MobeyDay, a new one-day conference for the European mobile banking and payments industry.

13 January 2012

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La Caixa turns Barcelona contactless

La Caixa has partnered with Visa Europe on a major contactless payments push in Barcelona, rolling out cards, point-of-sale terminals and ATMs featuring the technology across the city.

12 January 2012

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Jumio raises $25.5m

Jumio, a US start-up that has developed a system to turn Web cams and smartphone cameras into credit card readers, has raised $25.5 million.

12 January 2012

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PCI security standards in the dock

A legal challenge to the payment card industry's PCI security standards is brewing in the US, as a Utah-based restaurant chain cries foul over the apparently "arbitrary" nature of the system and the level of fines imposed by Visa and MasterCard following an alleged breach of security.

12 January 2012

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EC bids for integrated card, Internet and mobile payments

The European Commission has published its green paper on how Europe can break down barriers to an integrated market for card, Internet and mobile payments.

11 January 2012