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Cards

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Authorities swoop on $200m carding forum; Microsoft hits Citadel botnet

Authorities swoop on $200m carding forum; Microsoft hits Citadel botnet

Gang members allegedly behind a Web forum used by crooks to trade credit card data have been arrested in Vietnam and the UK. Meanwhile, in another blow to the cyber-crime community, Microsoft has led an operation to disrupt a massive botnet used to steal around $500 million.

06 June 2013

MasterCard makes contactless push in Japan

MasterCard makes contactless push in Japan

MasterCard is to expand its PayPass footprint in Japan with a pledge to deploy 410,000 contactless terminals throughout the country over the next three years.

06 June 2013

Mpos firms join Visa Ready Program

Mpos firms join Visa Ready Program

Visa has signed a host of mobile point-of-sale outfits - including iZettle and SumUp - to its 'Visa Ready Program', giving them the opportunity to secure its seal of approval and gain access to a range of tools.

05 June 2013

Show me the money: Cash usage forecast to continue growing for another decade

Show me the money: Cash usage forecast to continue growing for another decade

Despite the hype surrounding mobile payments, the consumer love affair with notes and coins will continue unabated for at least another decade, with cash usage remaining on an upward curve in many developed and developing countries, according to a study by Market Platform Dynamics.

04 June 2013

Full extent of FIS data breach comes to light

Full extent of FIS data breach comes to light

A 2011 cyber attack on FIS was far more serious than initially reported, according to a Federal Deposit Insurance Corp (FDIC) investigation which also raises questions about the vendor's security practices.

04 June 2013

PrivatBank goggles at Google Glass; Motorola takes the password pill

PrivatBank goggles at Google Glass; Motorola takes the password pill

Ukraine's PrivatBank has released a conceptual video showing how the bank's mobile applications will be used by customers donning Google Glass.

03 June 2013

China stops MasterCard processing renminbi transactions

China stops MasterCard processing renminbi transactions

The Chinese central bank has moved to prevent MasterCard from processing credit card payments in renminbi, according to the Financial Times.

03 June 2013

MasterCard and Chunghwa Telecom team on Taiwan mobile NFC payments

MasterCard and Chunghwa Telecom team on Taiwan mobile NFC payments

MasterCard has begun working with Chunghwa Telecom and Cathay United Bank on a mobile NFC payments service in Taiwan.

03 June 2013

Bangladesh micro-banking project signs for Gemalto biometric tech

Bangladesh micro-banking project signs for Gemalto biometric tech

A Bangladesh micro-banking initiative is issuing biometric smart cards from Gemalto to the country's unbanked, enabling them to authenticate transactions through their fingerprints.

03 June 2013

New breed of money spending advisory apps set to disrupt payments value chain

New breed of money spending advisory apps set to disrupt payments value chain

The development of digital payment advisor (DPA) applications residing on customer smartphones and mobile devices has the potential to significantly disrupt the payment value chain states analyst group Gartner

31 May 2013

Brits turn away from cash as digital alternatives gain currency

Brits turn away from cash as digital alternatives gain currency

As digital alternatives grew in popularity, Brits did 10% less of their shopping last year with cash, although it continued to be the country's most popular payment method.

30 May 2013

CaixaBank, Santander and Telefónica form digital JV

CaixaBank, Santander and Telefónica form digital JV

Spanish corporate behemoths CaixaBank, Santander and Telefónica have agreed to set up a joint venture to develop a range of digital services, including a mobile wallet.

30 May 2013

CommBank Kaching adds Bpay QR code reader and card and PIN activation

CommBank Kaching adds Bpay QR code reader and card and PIN activation

Commonwealth Bank of Australia has released a Bpay QR code reader and card PIN and activation functionality for its popular CommBank Kaching app for iPhone.

30 May 2013

Visa and MasterCard sue swipe fee settlement refuseniks

Visa and MasterCard sue swipe fee settlement refuseniks

Visa and MasterCard have issued a retaliatory law-suit aginst trade associations and retailers that have rejected a $7.2 billion class action interchange settlement.

28 May 2013

AmEx and Groupon invest in SumUp

AmEx and Groupon invest in SumUp

American Express and Groupon have joined existing investors to inject a 'double-digit million euro' sum into mobile point of sale outfit SumUp.

28 May 2013

Clip raises $1.5m to become Mexico's Square

Clip raises $1.5m to become Mexico's Square

With $1.5 million in funding secured, Clip, a Square clone targeting the Spanish-speaking world, is preparing to launch in Mexico.

28 May 2013

MobeyDay to deliver rallying cry to banking industry

MobeyDay to deliver rallying cry to banking industry

Banks and financial institutions should quit viewing mobile as just another customer channel and wake up to its potential to generate significant new revenues. This is the message that Mobey Forum will carry to mobile banking and financial services professionals attending its second annual MobeyDay event, to be held in Barcelona on 11 June.

24 May 2013

Square launches in Japan

Square launches in Japan

Mobile payment platform Square has made its first move beyond North American borders by launching its mobile credit card reader and tablet POS register apps in Japan.

23 May 2013

Boost Mobile moves into financial services with pre-paid account

Boost Mobile moves into financial services with pre-paid account

Boost Mobile, the pre-paid subsidiary of US telco Sprint, is to move into the mobile financial services market with the launch of a full-service virtual wallet account linked to a physical Visa pre-paid card.

22 May 2013

Live: EBAday 2013, day two

Live: EBAday 2013, day two

Payments professionals from across Europe are gathering in Berlin this week for EBAday, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

22 May 2013