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EBAday to set the agenda for the European payments industry

EBAday to set the agenda for the European payments industry

Europe's leading futurist, Dr Patrick Dixon, is to give the keynote presentation at EBAday 2013, the pre-eminent annual event for the European payments industry, which will run for two full days from 21-22 May at the Estrel Convention Center, Berlin.

28 March 2013

Payleven gets FSA authorisation

Payleven gets FSA authorisation

Payleven, one of several European firms hawking an app and dongle-based system for turning smartphones into card readers, has been fully authorised by the UK's Financial Services Authority as a payment institution.

27 March 2013

Slovenian cops arrest five over EUR2m malware scam

Slovenian cops arrest five over EUR2m malware scam

Slovenian police have arrested five people accused of infecting computers at small businesses with malware, accessing online banking accounts and stealing around EUR2 million.

27 March 2013

UK govt preps full, utility-style, payments regulator

UK govt preps full, utility-style, payments regulator

The UK government is preparing to bring in a utility-style regulator for retail payment systems, putting an end to the current practice of industry self-policing.

26 March 2013

Italian banks commence roll out of MyBank payment scheme

Italian banks commence roll out of MyBank payment scheme

Nine Italian payment banks have begun the national roll out of the MyBank electronic payment scheme from EBA Clearing, enabling customers to pay for goods and services at online merchants from within their e-banking portals.

25 March 2013

Banco Sabadell initiates NFC pilot trial

Banco Sabadell initiates NFC pilot trial

Banco Sabadell has partnered with Telefonica and BlackBerry to initiate a pilot test for payments with mobile NFC phones.

22 March 2013

Digital wallet fee on PayPal 'appropriate' - Visa CEO

Digital wallet fee on PayPal 'appropriate' - Visa CEO

Visa chief executive Charlie Scharf has indicated that he will follow the lead of rival MasterCard and introduce a 'digital wallet' fee on firms such as PayPal.

21 March 2013

US debit networks back Discover application for common chip spec

US debit networks back Discover application for common chip spec

Discover has won the support of ten debit networks to provide a common debit application identifier for the US migration to EMV Chip and PIN.

20 March 2013

European banks contemplating sale of Visa Europe - WSJ

European banks contemplating sale of Visa Europe - WSJ

European banks are considering cutting their ties with Visa Europe to set up an alternative bankcard scheme, the Wall Street Journal has reported.

20 March 2013

EBay shares slide as MasterCard threatens PayPal with new fees

EBay shares slide as MasterCard threatens PayPal with new fees

Shares in eBay fell to a 2013 low yesterday amidst concerns that the online auction house's PayPal unit could be hit by MasterCard's plan to introduce a new 'digital wallet' fee.

19 March 2013

Pret sees surge in contactless payments

Pret sees surge in contactless payments

UK sandwich chain Pret A Manger is singing the benefits of contactless payments having experienced a surge in uptake by customers over the past year.

19 March 2013

Former Subway franchisees charged with setting up POS crimeware business

Former Subway franchisees charged with setting up POS crimeware business

Uninspired by the rewards of running a Subway sandwich franchise, Sean Holdt and Thomas Wilkinson set up an alternative business selling POS terminals to other franchisees. The winning formula? A pre-configured remote access toolkit that allegedly allowed the men to log in after hours and run off their own gift cards.

19 March 2013

PayPal launches iPad point-of-sale device

PayPal launches iPad point-of-sale device

PayPal's bid to take on mobile card reading rival Square has stepped up a gear with the launch of the company's first native app for the iPad, pitched at small retailers that want to use the tablet as a point-of-sale device.

14 March 2013

Intuit launches UK chip and PIN mobile card reader

Intuit launches UK chip and PIN mobile card reader

Wading into a crowded UK market, Intuit has launched its app and chip and PIN dongle system for turning mobile phones into card payment terminals.

14 March 2013

Telcos losing mind-share in mobile wallet race

Telcos losing mind-share in mobile wallet race

Banks, credit card companies and online payment firms are overtaking mobile operators and telco consortia as the predicted future leaders of the m-commerce revolution, according to research from SAP.

13 March 2013

UK card fraud losses rise as crooks go back to basics

UK card fraud losses rise as crooks go back to basics

After years of decline, UK card fraud losses rose last year as crooks returned to old-school low-tech techniques, according to Financial Fraud Action figures.

12 March 2013

Retailer sues Visa over data breach penalties

Retailer sues Visa over data breach penalties

US retailer Genesco is suing Visa to recover more than £13 million in penalties it was hit with for a 2010 data breach.

12 March 2013

Brits wary of bank call centre security

Brits wary of bank call centre security

Britons have little faith in the ability of banks to look after their personal information, with call centres seen as a particularly weak link in the security chain.

11 March 2013

PKO Bank Polski prepares for mobile revolution

PKO Bank Polski prepares for mobile revolution

PKO Bank Polski is betting on the death of cash and cards with a new mobile banking app, combining a full range of payments and money management services.

08 March 2013

Dutch retailers get cashless 'thank you'

Dutch retailers get cashless 'thank you'

In a bid to co-opt retailers to their mission to kill cash, a group of Dutch banks and MasterCard recently held a special musical, cashless 'thank you' event for the country's shop workers.

08 March 2013