Cards

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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.

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Starbucks launches 'tweet-a-coffee' service

Starbucks has teamed up with Twitter to launch a service that lets users tweet their followers and friends a virtual gift card that can be used instore to pick up a coffee.

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Google integrates coupon service with Maps

Google is rolling out a tool which lets US firms create coupon offers and link them to its Maps service.

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US Bank introduces mobile photo balance transfers

US Bank is rolling out a service that enables customers to use their phones to snap photos of credit card payment coupons and have the balance transferred to their account.

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Diebold pays $48m to settle bank bribery charges

US ATM manufacturer Diebold has agreed to pay $48 million to settle criminal and civil charges that it handed over millions of dollars in bribes to bank officials in China, Indonesia and Russia.

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American Express cardholders can now pay with reward points for NY taxi fares

American Express cardmembers can now use their accumulated loyalty points to pay for taxi fares in New York City through a partnership with VeriFone.

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IBM develops two-factor security for mobile devices

Applying a combination of NFC technology and contactless bank cards, IBM has developed a simple two-factor authentication protocol for users conducting mobile transactions.

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Sweden's homeless turn to mPOS as cash payments dry up

Sweden's equivalent of the Big Issue is equipping homeless vendors with mobile phones and chip and PIN card readers from iZettle to accept payments by debit card from passersby.

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CommBank rolls out contactless stickers

Australia's Commonwealth Bank is offering customers NFC stickers that can be attached to mobile phones and used to make contactless payments.

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South African POS terminals infected with Dexter malware

Crooks have infected point-of-sale devices in South Africa with malware, obtaining customer card details and using them to steal millions of rand, according to local reports.

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NCR and Automatia bid to protect ATMs against Finland's cold

NCR has teamed up with Finish ATM network operator Automatia to develop a custom pressurisation kit designed to protect cash machines from the harsh Scandinavian winters.