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Diebold posts Q1 net loss; cuts 700 jobs

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Diebold posts Q1 net loss; cuts 700 jobs

Struggling ATM manufacturer Diebold is axing around 700 jobs, mostly in North America, as part of a 'realignment plan' designed to save up to $150 million.

Dortmunder Volksbank introduces contactless mobile payments

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Dortmunder Volksbank introduces contactless mobile payments

German cooperative bank Dortmunder Volksbank is introducing a contactless mobile payments system that taps Telefónica's O2Wallet.

JP Morgan co-COO Bisignano quits for First Data

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JP Morgan co-COO Bisignano quits for First Data

JP Morgan Chase co-chief operating officer Frank Bisignano has left the bank to take over as CEO at payments processor First Data.

US chip card debate heats up

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US chip card debate heats up

The ongoing debate over the economic benefits of a mass-market migration to EMV chip cards in the US has heated up, with US retailers and a senior Fed staffer raising red flags over the anticipated impact on fraud levels.

Nintendo to tap Wii U's NFC functionality for contactless payments

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Nintendo to tap Wii U's NFC functionality for contactless payments

Nintendo could soon take advantage of the Wii U's built-in NFC capability to let people make game-related payments by tapping a contactless card against the console's controller.

Icelandic court orders Valitor to process WikiLeaks donations

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Icelandic court orders Valitor to process WikiLeaks donations

Iceland's Supreme Court has ordered local card acquiring outfit Valitor to start processing payments for whistleblowing Web site WikiLeaks within 15 days or face daily fines of nearly $7000.

Virgin Australia unveils pre-paid travel money card

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Virgin Australia unveils pre-paid travel money card

Airline Virgin Australia has teamed up with Visa to add a pre-paid travel money card that can be loaded with multiple currencies to its frequent flyer membership scheme.

All hail King Coin!

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All hail King Coin!

As the pound coin celebrates its thirtieth anniversary on 21 April, new research from GoCompare reveals that while cash remains king for small ticket items such as newspapers and magazines, over half of Brits (53%) prefer to use plastic for most of their purchases.

Visa Europe unveils multi-currency mobile P2P payments service

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Visa Europe unveils multi-currency mobile P2P payments service

Visa Europe has beefed up its mobile payments service with the addition of features which let customers send money from their phone to any Visa cardholder on the continent, in any currency.

US supermarket data breach exposes 2.4m cards

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US supermarket data breach exposes 2.4m cards

American supermarket chain Schnucks says that around 2.4 million cards may have been compromised by a data breach which saw crooks install malware on its systems.

London buses could go cashless in 2013

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London buses could go cashless in 2013

Cash could be outlawed on London's buses by the end of the year, according to a Transport for London document obtained by the BBC.

Wells Fargo plans mini-branches

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Wells Fargo plans mini-branches

US bank Wells Fargo has outlined plans to open a series of technology-packed mini-branches in neighbourhoods that cannot support full-sized outlets.

UK regulator begins probe into RBS IT disaster

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UK regulator begins probe into RBS IT disaster

New UK banking watchdog the Financial Conduct Authority (FCA) has begun an investigation into the IT meltdown which hit Royal Bank of Scotland customers last summer.

EC launches competition investigation into MasterCard inter-bank fees

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EC launches competition investigation into MasterCard inter-bank fees

The European Commission has launched a new antitrust probe into the inter-bank fees MasterCard charges for processing transactions.

UK bans 'excessive' card surcharges

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UK bans 'excessive' card surcharges

The UK government has banned firms from imposing "excessive" surcharges when customers use their debit and credit cards to pay for things such as flights and cinema tickets.

Italian chip and PIN mobile card reader outfit Jusp raises $6m

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Italian chip and PIN mobile card reader outfit Jusp raises $6m

Having secured $6 million in funding, Italy's Jusp is set to become the latest firm to enter the crowded European market for app and chip and PIN dongle systems that turn mobile phones into card payment terminals.

BofA rolls out video teller ATMs

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BofA rolls out video teller ATMs

As it accelerates its branch closure programme, Bank of America is preparing to introduce ATMs that let customers talk to tellers through real-time video technology.

Londoners warm to contactless bus payments

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Londoners warm to contactless bus payments

Londoners have paid for more than 700,000 bus fares using their contactless bank cards since the option was introduced three months ago.

Europol takes down card fraud network

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Europol takes down card fraud network

Europol and Romanian police have arrested 44 alleged members of a global fraud ring believed to have tampered with payment terminals throughout Europe, stealing the details of tens of thousands of cards.

Cyprus imposes capital controls as banks reopen

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Cyprus imposes capital controls as banks reopen

After an enforced holiday of nearly two weeks, banks in Cyprus have finally reopened today but with capital controls that restrict cash withdrawals, card transactions, cheque cashing and money transfers abroad.

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