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News/Cards
Facebook has launched a reusable gift card that people can buy on the social network and send to friends for use at specific retailers and restaurants.
01 February 2013
First Direct CEO Mark Mullen has taken the unusual - and for a bank, refreshing - step of appearing in a video to apologise for the quality of the bank's mobile apps and to promise improvements based on customer feedback.
The European Central Bank has outlined plans to improve the security of Internet payments, requiring firms to beef up their customer authentication processes.
31 January 2013
ACI Worldwide has agreed to buy online banking and bill payments specialist Online Resources in an all cash deal for $3.85 per share.
Shoppers in 40 US states could see a surcharge of up to four per cent added to their credit card purchases from this week.
30 January 2013
Don Callahan, chief technology and operations officer at Citi discusses Google Wallet learning curves, his personal frustrations with banking and how banks should seek to 'make customers lives easier'.
Google has rolled out an update to its mobile wallet, with improvements to the user interface, application stability, and battery life, but no sign yet of the major upgrade promised in October last year.
29 January 2013
A power outage at payments processor Tsys caused Visa's network in Canada to go down Monday, leaving customers throughout the country unable to use their cards.
Ingenico is to acquire pan-European online payments firm Ogone from Summit Partners for EUR360 million, underpinning its strategy to become a one-stop-shop for multi-channel payments processing on the high street, on the mobile, and online.
Non-bank competitors are winning the race to provide consumers with easy-to-use mobile wallet and payment applications according to a comparative study conducted by the US-based Carlisle & Gallagher Consulting Group.
28 January 2013
In a surprise move, Square chief operating officer Keith Rabois has resigned from the San Francisco payment company.
25 January 2013
Citi has begun rolling out what it calls the "first major redesign of the ATM" since the 1970s, linking the physical and digital banking worlds.
Turkey's IsBank has integrated its mobile banking platform with its ATMs, enabling customers to set up a withdrawal through their handset and then complete it by scanning a QR code on cash machine screens.
22 January 2013
Citibank India has teamed up with local tech firm Ezetap on a Sqaure-like app and reader-based system for turning mobile phones into card payment acceptance devices.
Britain's banks may have taken a reputational battering in recent years, but they are still trusted more than the government when it comes to protecting customers from fraud, according to an ACI Worldwide survey.
21 January 2013
The US Federal Reserve is set to embark on a major study into the volume and composition of electronic and cheque payments as it bids to gain insight into a rapidly evolving landscape.
18 January 2013
PayPal has struck a deal with NCR that will give users more options to pay with PayPal at the checkout.
15 January 2013
Following the dramatic rise of e-commerce, which now accounts for 20% of all spending on its cards, Visa Europe is turning its attention to the mobile phone, predicting that a third of Europeans will be using its V.me digital wallet by 2020.
PayPal's move into the world of bricks and mortar is picking up pace, with the company now reporting that 23 large US retailers are able to accept payment by PayPal at the check-out.
14 January 2013
American Express has outlined plans to cut around 5400 jobs this year, mainly in its travel business, as it seeks to cut costs and restructure to deal with a "digital revolution".
11 January 2013
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