Cards

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Europeans fear they'll pick up tab for lower interchange fees

Most Europeans think that they will pick up the tab if the EC forces card firms to reduce interchange fees, according to a survey commissioned by MasterCard.

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India to double ATM numbers to 200,000 by 2016

The number of ATMs in India will double over the next four years, to 200,000, as regulatory changes that open the market up to non-banks take effect, according to Celent.

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Cab-hailing app adds mobile payments capabilities

Mobile taxi hailing outfit cab:app has teamed up with MasterCard unit DataCash to let drivers accept payments through their handsets.

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Digital jewellery and handshakes posited as the future of payments

Forget mobile payments, the next wave of innovation to strike the payments industry could see a simple handshake emerge as a novel form factor in the transfer of cash, according to a new crystal ball-gazing report from the UK Payments Council.

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Mobile banking, cloud computing and IT investment cash top wish list for bank CIOs

Half of Britain's financial services firms think that mobile banking is already important to their customers, while 71% predict it will be by 2015, according to a survey from Fujitsu.

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Turkcell overhauls mobile wallet; brings banks on board

Turkish telco Turkcell has overhauled its mobile wallet service, adding a feature that lets customers make payments at the point-of-sale by entering their phone number.

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NAB to equip merchants with mobile and tablet POS devices

National Australia Bank is to equip its 130,000-strong merchant network with technology from VeriFone capable of turning mobile phones and tablets into point-of-sale devices.

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Wal-Mart partners Amex on bank account alternative

US retail giant Wal-Mart has teamed up with American Express to launch Bluebird, a mobile-heavy alternative to bank debit and current accounts.

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NatWest suspends GetCash app amid fraud fears

NatWest has suspended its GetCash mobile app, which lets users withdraw money from ATMs without a card, after it emerged that thieves had defrauded some customers.

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Google launches credit card for buying AdWords

Google has entered the credit market, launching a card in the UK that small businesses can use to buy its AdWords search advertising.

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Lloyds Banking Group and Co-op customers hit by systems glitches

Large numbers of Brits have been unable to access their accounts online and withdraw cash from ATMs after separate systems problems at Lloyds Banking Group and the Co-operative Bank.

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ANZ to invest $1.5 billion in channel overhaul

ANZ has unveiled plans for a $1.5 billion tech investment programme to overhaul its branch-based and digital distribution channels, including the roll-out of in-branch videoconferencing and new mobile banking and payments services.

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Austria's Raiffeisen to issue pre-paid cards derived from corn

Austria's Raiffeisen is to issue pre-paid cards made using renewable material derived from corn as part of the bank's 'Climate Protection Initiative'.

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Payleven launches chip and PIN-based Square clone

Payleven has become the latest Square-clone to launch in Europe, distinguishing itself from a plethora of rivals by claiming to be the first offering chip and PIN authentication.

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Capital One opens up APIs

Capital One has become the latest financial institution to open up its APIs to developers, inviting outsiders to help deliver deals and rewards to customers.

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Emu eschews dongle; taps cloud for card payments by mobile

Yet another start-up - this one called Emu - that lets merchants accept card payments through their mobile phone has launched in the UK, with the rest of Europe to follow.

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ECB explores the social costs of payments

The social costs of making retail payments in the EU amounts to EUR45 billion, or nearly one percent of the combined GDP of the 13 member states surveyed by the European Central Bank.

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MPowa reports First National Bank deal; denies own claims on Visa acceptance

UK Square-clone mPowa says it has struck a multi-million pound deal with South Africa's First National Bank (FNB). Meanwhile, the firm has denied claims made by its own staff that it can no longer process Visa transactions.

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Card and online banking fraud losses on the rise in UK

Losses from UK card and online banking fraud both increased during the first half of the year as phishing attacks spiked and the criminal fraternity turned to old-school deception cons to trick people into handing over their cards and PINs.

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Discover ordered to refund customers $200m over deceptive marketing

Discover Financial Services has been ordered by US authorities to refund around $200 million to more than 3.5 million cardholders that it mislead into buying unnecessary add-on products.