Cards

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Smart card inventor Moreno dies in Paris

Roland Moreno, the inventor of the smart card, has died in Paris at the age of 66.

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Visa Europe preps V.me digital wallet for autumn launch

Visa Europe says it will launch its V.me digital wallet to an initial group of users in the UK, Spain and France this autumn.

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EU names and shames national authorities lagging on e-money rule changes

Six EU member states - Belgium, Spain, France, Cyprus, Poland and Portugal - have been threatened with legal action by the European Commission unless they comply with one-year old rules on e-money issuance.

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Soca shuts down 36 sites selling stolen card details

The UK's Serious organised crime agency (Soca) has shut down 36 Web sites used to sell stolen card and bank account details and arrested two men accused of using them.

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French banks called upon to halve cheque processing volumes

The French banking industry has been called upon to make a bigger investment in electronic payment methods, under proposals to halve the number of cheques processed in the next five years.

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UK wireless operator O2 launches mobile wallet

UK wireless operator O2 has launched its long-awaited mobile wallet under an interim e-money license from IDT Financial Services.

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China m-payments market set to be largest in world by 2015

China's mobile payments market is forecast to be the largest in the world by 2015, comprising $80 billion in payments from 441 million active users, according to figures from research house Kapronasia.

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Mobile payments the new frontier for crime cops as cardbusters celebrate tenth anniversary

The specialist police unit that tackles UK card and cheque crime claims to have saved the industry over £400 million in fraud losses since its launch ten years ago.

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European Central Bank proposes 2FA liability shift to boost Internet payment security

The European Central bank has issued a set of recommendations to promote the security of payments made over the Internet.

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Dynamics card lets users press a button to choose reward

US start-up Dynamics Inc has unveiled a payments card that incorporates buttons that customers can press when they make a purchase in order to receive different reward "experiences".

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Barclaycard rolls out contactless stickers

Barclaycard has begun rolling out contactless payments stickers that can be attached to mobile phones to its UK Visa credit card customers.

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Austrian telco to extend NFC payments programme to the high street point-of-sale

Telekom Austria is to extend its established paybox NFC scheme for parking and transit payments to the merchant point-of-sale.

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MasterCard moves in on daily deals market

MasterCard is moving in on the daily deals market through an initial partnership with deal aggregation and syndication outfit Local Offer Network.

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Hacker posts details of 3 million Iranian cards; claims highlighting security hole

An Iranian hacker claims to have posted the details of around three million debit cards on his blog in a bid to draw attention to a security flaw he says banks are ignoring.

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Gas retailers pocketing $1bn Durbin windfall - Electronic Payments Coalition

US gas retailers are failing to pass on savings from the Durbin interchange fee amendments to customers, effectively pocketing a $1 billion a year subsidy, claims the Electronic Payments Coalition (EPC) pressure group.

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Ogaki Kyoritsu Bank ditches cards for biometrics at ATMs

In what it claims is a first, Japan's Ogaki Kyoritsu Bank is rolling out ATMs that use palm-scanning biometric technology from Fujitsu to identify customers instead of cards.

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PayPal ditches Web label as it makes play for high street transactions

PayPal is rebranding its suite of small business payments programmes as PayPal Payments, deliberately dropping the word 'Website' from its US product range as it moves away from its online roots to embrace mobile and offline opportunities for expansion.

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JPMorgan Chase glitch sees cardholders double charged

A systems glitch this week saw some JP Morgan Chase customers in the New York area have their debit card transactions charged twice.

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American Express hires Sample from eBay X.commerce unit in digital commerce drive

American Express has hired eBay executive Neal Sample to join the technology team responsible for its digital commerce platform, Serve.

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Google buys payments firm TxVia; loses Wallet co-founder to Square

Google has acquired payments technology company TxVia for an undisclosed fee as it scrambles to give its Wallet service a much-needed shot in the arm. Meanwhile, the firm has lost Wallet co-founder Rob von Behren to rival Square.