Cards

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Coin bids to replace cards with a card

San Francisco-based start-up Coin is bidding to slim wallets with a new payment card-sized device which can store all the details of users' credit, debit, gift and membership cards within its memory and be used in their place.

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Irish banks fear card fraud in wake of Loyaltybuild data breach

Irish banks AIB and Permanent TSB say that they suspect that some of their customers have fallen victim to card fraud after a massive data breach at loyalty points outfit Loyaltybuild.

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Asian banks sign for OTI audio-jack plug-in for mobile NFC payments

Israeli vendor On Track Innovations (OTI) says a consortium of banks in Hong Kong, Taiwan and Macao has signed for its Wave device, which plugs into the audio-jacks of smartphones, enabling them to make NFC payments.

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Finextra partners Level39/Innotribe for Future Money innovation conference

Finextra and Level39, in association with Innotribe, are to host a two-day conference exploring the new wave of innovation sweeping across the financial services sector.

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Fintech fund Opus Global hires Goldman Sachs veteran Julio Quinteros

Opus Global, the new $500 million fintech investment fund set up by former VeriFone CEO Doug Bergeron and private equity house GTCR, has poached Goldman Sachs veteran Julio Quinteros.

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Barclays to open branches in Asda stores

Barclays is set to open branches within Asda stores, shutting down existing sites and shifting staff to the supermarket.

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EVO Payments acquires controlling interest in PKO Bank Polski merchant acquiring arm

US payment processor EVO Payments is to acquire a 66% stake in PKO Bank Polski's merchant acquiring business, eServices, for a minimum $113.5 million.

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Fintech for the underbanked attracts $5.2 billion investment spend in US

Investment activity in fintech companies for financially underserved consumers in the United States totaled more than $5.2 billion between July 2012 and June 2013, according to a report by the Center for Financial Services Innovation (CFSI) and Core Innovation Capital.

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Square explores 2014 IPO - Wall Street Journal

Mobile point-of-sale outfit Square has reputedly held discussions with Goldman Sachs and Morgan Stanley about a 2014 IPO, according to the Wall Street Journal.

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PC Financial and TD Bank sign Canada's largest retailer for m-wallet, as Rogers launches suretap

PC Financial and TD Bank are to join their Canadian compatriots with the launch of a mobile wallet combining payment and loyalty programmes, dubbed Ugo, in 2014.

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Fico correlates locations of mobile phones and card transactions to tackle fraud

Fico has developed fraud protection technology which checks a person's location, via their mobile phone, against the location of the ATM or point-of-sale terminal where their card is being used.

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M-commerce start-up Zapp vows to take on Visa and MasterCard

UK mobile commerce outfit Zapp is targeting 20 million users by 2017, promising to rival traditional payments giants such as Visa and MasterCard by the end of the decade.

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Merseyrail introduces contactless payments

Merseyrail will this week become the first UK rail operator to roll out contactless payments across its network, although travellers will still need a paper ticket.

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Barclays scratches Twitter itch as customer fury mounts over technical breakdown

A technical snafu at Barclays shut down the bank's Internet, ATM, and card payments network for more than two hours on Thursday night, fuelling a wave of customer anger on Twitter.

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CommBank introduces mobile check-out service for online shopping

Australia's Commonwealth Bank has launched an online payment service for mobile phones utilising MasterCard's PayPass technology.

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Citi Hong Kong launches NFC-based mobile wallet

Banking giant Citi has teamed up with telco 3 Hong Kong to launch an NFC-enabled mobile wallet.

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Google bypasses the Secure Element to circumvent carrier restrictions on mobile wallet

Google has found a way to circumvent carrier restrictions on its mobile wallet by introducing support for Host Card Emulation in the latest version of its Android operating system, effectively removing the need for access to the telco-controlled Secure Element.

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Brits ditch traditional loyalty cards for their phones

UK shoppers are ditching old-fashioned loyalty cards and storing their reward schemes on their mobile phones, according to a survey from vendor CloudZync.

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Researchers raise contactless card security fears

The security of contactless payment cards has again been called into question after researchers claimed to be able to pick up NFC data from as far away as 80 centimetres.

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NTT Docomo and MasterCard bring global mobile NFC payments to Japanese users

Japanese telco NTT Docomo has teamed up with MasterCard to enable customers to make contactless mobile payments around the world.