Cards

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RBS, NatWest and Ulster Bank customers hit by fresh IT meltdown

RBS, NatWest and Ulster Bank customers were left unable to withdraw cash from ATMs, make card payments or access Internet and phone banking for several hours last night, after another technical meltdown at the group.

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PayOne files patent suit against Home Depot over use of PayPal POS tech

Mobile money vendor PayOne has filed a patent infringement lawsuit against Home Depot over the retail giant's use of PayPal's in-store checkout technology.

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Monitise set for revenue boost from new three-year Visa deal

UK mobile payment outfit Monitise has provisionally entered a new three-year agreement with Visa Europe guaranteeing a minimum of EUR45 million in revenues over the course of the term.

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UniCredit to roll out biometric payment system

Italian bank UniCredit has begun market tests of a new biometric payment system that uses infra-red sensors at the POS terminal to recognise the geometry of the veins in the palm of the user's hand.

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Bankinter circumvents secure element hassle for mobile NFC payments

Spain's Bankinter is prepping a contactless mobile payments service that does not require a secure element within the handset.

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Square hit with cease and desist order in Illinois

Square has been told by local regulators to stop providing "money transmission services" in Illinois.

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CommBank looks for 'Signals' from consumer spending data

Australia's CommBank has launched a site that pools transactional data to give consumers insight into spending patterns and lifestyle trends.

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Stripe begins UK beta trial

American payments start-up Stripe has made its way across the Atlantic, launching a closed UK beta ahead of a wider European rollout.

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Bank Muscat hit by $39m pre-paid card fraud

Oman's Bank Muscat says crooks have managed to compromise a dozen pre-paid travel cards, racking up RO15 million (US$39 million) in fraudulent transactions.

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PayPal co-founder Levchin launches m-commerce firm

PayPal co-founder Max Levchin has launched a mobile money company which aims to make it easier for online shoppers to complete purchases.

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ATM gives away free money, as long as you promise to share it

A friendly ATM has been doing its best to bring cheer to hard-up Spaniards, dispensing free money on the condition that the lucky recipients promise to share their windfall.

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Foursquare signs Visa and MasterCard for check-in discounts

Location-based social networking outfit Foursquare has struck a deal with Visa and MasterCard that will see cardholders receive discounts for checking in at certain retailers.

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Barclaycard appoints payment industry veteran Wright as US COO

Barclaycard US has appointed payments industry veteran Patrick Wright as chief operating officer.

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MasterCard Mobile Payments Global Symposium - Live blog

Catch up with all the news from the MasterCard Mobile Payments Global Symposium at the Mobile World Congress in Barcelona on Tuesday.

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Samsung to pre-load mobile devices with Visa NFC app

Visa has struck a global deal with Samsung which will see the mobile phone giant pre-load the contactless payWave applet onto its mobile devices featuring NFC technology.

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Russian mobile payments outfit uBank raises $8m

Russian mobile payments start-up uBank has raised $8 million in series a funding from Runa Capital as it prepares to expand outside of its home market.

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MasterCard unveils MasterPass digital payments service

MasterCard has unveiled MasterPass, a digital service that lets customers use any card or enabled handset to shop online and in the real world.

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Hacker plays Angry Birds on ATM

Russian security researchers appear to have hacked a cash machine and used it to play a game of Angry Birds.

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PayPal Here gets chip and PIN for UK launch

Setting its sights on the European market, PayPal has unveiled a chip and PIN version of its dongle for turning mobile phones into card payment terminals.

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Belgian firm launches QR code-based P2P payments app

Belgium-based payments outfit Bancontact/Mister Cash has unveiled a mobile app that taps QR codes to let users send money to each other.