Latest Cards News: Finextra Research

CommBank makes NFC play with Kaching

Commonwealth Bank of Australia has unveiled Kaching, a mobile phone application and case capable of conducting NFC-based, e-mail P2P, and Facebook payments from a single handheld device.

25 October 2011

News/Cards

WikiLeaks ceases publishing to fight 'financial blockade' as funds dwindle

Whistleblowing Web site WikiLeaks has suspended publication to concentrate on fighting the 'financial blockade' imposed by Visa, MasterCard, PayPal and others.

24 October 2011

News/Cards

Durbin lashes out at Wells Fargo debit fee plans

The architect of US interchange reforms, US Senator Dick Durbin, has demanded that Wells Fargo explains the need for the imposition of monthly charges on customers to use debit cards, just days after the bank posted a 21% rise in third quarter profits.

21 October 2011

News/Cards

US banks sued over ATM fees

A New Jersey man has sued Bank of America, JPMorgan Chase and Wells Fargo, claiming that they collude to fix the fees charged to withdraw money at ATMs.

20 October 2011

News/Cards

Charity taps chip cards to disburse donations in drought-hit Kenya

The SOS Children's Villages charity has teamed up with local vendor Paystream to provide drought-affected people in Northern Kenya with contactless cards for buying food,

20 October 2011

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USA Technologies CEO quits over message board posts

The chief executive and chairman of cashless payments vendor USA Technologies has resigned over "inappropriate" comments he posted on the Yahoo Finance message board.

19 October 2011

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Chip and PIN eftpos fraudster jailed for three years

A German electronics engineer who helped criminal gangs clone credit and debit cards that were used to steal thousands of pounds, has been sentenced to three years in jail.

14 October 2011

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Visa and MasterCard face ATM price-fixing suit

Independent ATM operators in the US have filed an anti-trust lawsuit against Visa and MasterCard, alleging that the card issuers' rules artificially inflate and fix the price of cash machine access fees.

12 October 2011

News/Cards

PayPal aims to become your digital ID; unveils new bank, vendor, currency partnerships

PayPal has taken the wraps off its single sign-on digital identity service for online shopping, PayPal Access. The move comes as the San Jose-based payments operator unveils a series of new partnerships with a host of banking technology suppliers at the BAI Retail delivery show in Chicago.

12 October 2011

News/Cards

Citi rounds on Isis, urges other banks to join Google Wallet

Citibank has contrasted Google's open platform approach to mobile payments with the gatekeeper role adopted by the Isis consortium, complaining that the telcos are hampering the development of NFC to the detriment of other market participants.

12 October 2011

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NCR, PayPal and S1 offer P2P payments through ATMs

NCR, PayPal and S1 have teamed up on a service that lets people make real-time person-to-person payments from cash machines.

12 October 2011

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US Bank pilots mobile retailer store card

US Bank has launched an iPhone app which offers retailers the opportunity to provide customers with an instant line of credit for on-the-spot purchases.

11 October 2011

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MPs take RBS and Lloyds to task over ATM access

A senior MP has written to the Royal Bank of Scotland and Lloyds Banking Group raising concerns about restrictions on some account holders using rivals' ATMs.

10 October 2011

News/Cards

Over 100 indicted in huge New York ID theft ring takedown

New York authorities have indicted 111 people - including bank tellers - accused of participating in an identity theft scam that saw counterfeit credit cards used to steal more than $13 million.

10 October 2011

News/Cards

Credit card crooks steal £14k from Katie Price

Credit card fraudsters have stolen around £14,000 from professional 'personality' Katie Price, according to the Daily Mirror.

06 October 2011

News/Cards

Visa adds GSMA's Krugal to mobile money team

Visa has added GSMA veteran Gavin Krugel to its mobile team where he will focus on rolling out m-payments services in the developing world.

05 October 2011

News/Cards

Criminals resort to low-tech scams as online banking and card fraud losses fall

Fraud losses on UK cards and online banking fell during the first half of the year as new initiatives to combat criminal activity saw fraudsters return to low-tech scams involving cheques and socially-engineered telephone deception.

05 October 2011

Finextra TV/Cards

Citi on the future of customer service.

Frank Eliason, SVP of social media at Citi, discusses mobile banking, customer service and social media with Finextra.

04 October 2011

Finextra TV/Cards

The branch is still part of the customer experience

Theresa McLaughlin, EVP and CMO of Citizens Bank, sees the branch remaining a part of the overall bank offering for some time to come.

04 October 2011

Finextra TV/Cards

Have banks lost 'that loving feeling'?

Linda Verba, head of retail banking at TD Bank (and considered to be a guru of bank customer service in the US) discusses a 'return to civility' for bank call centres and customer service.

04 October 2011