Latest Cards News: Finextra Research

Clydesdale Bank ATM glitch sees users double their money

Glaswegians received an early Christmas gift on Friday when a Clydesdale Bank ATM began dispensing twice as much cash as requested.

12 December 2011

News/Cards

Restaurant Depot hacked by Russian cyber-criminals

Russian cyber-criminals have hacked into the computer systems of US wholesale group Restaurant Depot and stolen hundreds of thousands of credit and debit card details.

12 December 2011

News/Cards

Retailers and banks step up war of words over interchange fee cuts

The war of words between retailers and banks over Durbin interchange fee amendments in the US has stepped up a gear as the Electronic Payments Coalition releases research which indicates that a majority of merchants are pocketing savings from fee cuts rather than passing them on to customers as promised.

09 December 2011

News/Cards

Card fraud reports follow supermarket check-out breach

The SaveMart supermarket chain in the US is reporting escalating incidences of fraud on customer bank cards after the discovery of data recording equipment on eftpos terminals at 23 Lucky supermarkets.

07 December 2011

News/Cards

Serverside scents victory in US card patent cases

UK card design outfit Serverside has won the second dismissal in a patent infringement suit brought against 15 US credit unions and technology suppliers.

07 December 2011

News/Cards

VocaLink names David Yates as new CEO as King moves on

UK payments processor VocaLink has apppointed David Yates from Western Union as its new chief executive, taking over from Marion King who steps down after nine years at the helm.

06 December 2011

News/Cards

Green Dot lures Visa's global development head as new CIO

Green Dot, the US prepaid card outfit with designs on entering the retail banking market, has hired Visa's head of global development John MacIlwaine as it new Chief Information Officer.

05 December 2011

News/Cards

Consumers prefer PayPal over credit cards for online shopping - KPMG

PayPal has overtaken credit cards as a preferred form of payment for consumers shopping on the Web, according to a survey of global shopping habits conducted by KPMG.

05 December 2011

News/Cards

Citi mobile payments head Chu quits for LivingSocial

Dickson Chu, the high profile and often outspoken head of digital and mobile networks at Citi, has quit the bank to join daily deals outfit LivingSocial.

02 December 2011

News/Cards

Discover sponsors Farmville game expansion

Discover Financial Services is bidding to woo the kids this Christmas, signing on as sponsor for an expansion of the hugely popular FarmVille social game.

01 December 2011

News/Cards

MasterCard invests in mFoundry

MasterCard has made a strategic investment in US mobile money outfit mFoundry, leading a funding round that also includes Intel Capital, Fidelity Information Services and Motorola Mobility.

01 December 2011

News/Cards

OpRobinHood: hackers steal credit card details to give to poor

Online collective Anonymous has teamed up with hacker group TeaMp0isoN on its latest campaign, OpRobinHood; using stolen credit card details to "donate" to the "99%".

30 November 2011

News/Cards

Pre-paid contactless wristwatch launched

MasterCard has teamed up with manufacturer Laks and issuer Vincento to launch a wristwatch featuring PayPass contactless payments technology.

29 November 2011

Finextra TV/Cards

The Visa, DirectGov pilot offers push-button security.

Test groups for the Visa, DirectGov push-button identification pilot comment on the complexity of the service and difficulty of the push-button card system. However, trust in both the Visa, the government and banks tested higher than expected in focus groups. Phil James, consultant at Consult Hyperion and project manager on the DirectGov pilot explains the pilot.

28 November 2011

News/Cards

Paypal sets 2016 as tipping point for m-payments on the high street; Barclays sees shorter time-span

PayPal says that 2016 will mark the tipping point for mobile payments in the UK, when consumers will be able to use their mobile phones to pay for everyday items on the high street rather than cash, cheques or cards.

25 November 2011

News/Cards

Pre-paid outfit Green Dot cleared to buy bank

US pre-paid card outfit Green Dot has been given the all clear by regulators to buy Bonneville, a small Utah-based bank.

24 November 2011

Finextra TV/Cards

The Credential Broker Service pilots in Canada with three banks

Andre Boysem EVP - Digital Identity and Authentication Services at SecureKey explains the identity programme being sponsored by the Canadian government and being piloted by Bank of Montreal, Bank of Nova Scotia and TD Bank.

24 November 2011

News/Cards

Retailers file suit against Federal Reserve over card swipe fees

US merchant lobby groups have filed a suit against the Federal Reserve over allegations that the US central bank caved in to bank demands to raise the cap on debit fees by including expenses that were not permissible under law.

23 November 2011

News/Cards

Barclays plans talking ATMs for the blind

Barclays says it will roll out 'talking ATMs' in the UK next year, backing the Royal National Institute of Blind People's Make Money Talk campaign.

23 November 2011

News/Cards

UK banks wage cyber war games

UK banks are participating in a war games-style market exercise to test their responses to a concerted cyber attack and the threats posed to their business by traffic gridlock at the 2012 Olympics.

22 November 2011