Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Bank-backed RuPay lays down the gauntlet to card schemes in India

The National Payments Corporation of India has launched RuPay, a bank-backed debit card scheme to rival Visa, MasterCard and America Express.

02 April 2012

News/Cards

Global Payments breach affects up to 1.5m cardholders

US transaction processor Global Payments says that "less than 1,500,000 card numbers may have been exported" as a result of a systems breach.

02 April 2012

News/Cards

Global Payments hit by 'massive' breach

Visa and MasterCard are warning banks that a US credit card processor has suffered a major security breach that may have compromised the data of millions of people, according to the KrebsonSecurity blog.

30 March 2012

News/Cards

Consumer groups wage war on pre-paid card issuers

Consumer lobbyists in the US are urging the Consumer Financial Protection Bureau to require pre-paid card issuers to improve fee disclosure and abide by the same mandatory protections consumers are guaranteed by law when using debit cards linked to their bank accounts.

30 March 2012

News/Cards

EC plans cybercrime centre to fight online crooks

The EC is planning to create a European cybercrime centre to help protect the continent's citizens and businesses from a threat that claims one million victims around the world every day.

29 March 2012

News/Cards

MasterCard releases new e-commerce fraud detection tool

MasterCard has developed a service that provides online merchants with a predictive fraud score for card-not-present sales in real time to measure the likelihood that a transaction is crooked.

28 March 2012

News/Cards

Awol soldier duped Citi into handing over Microsoft co-founder's debit card - FBI

An Awol US soldier managed to convince Citi in a conversation over the phone that he was Paul Allen and tricked the bank into sending him a debit card in the Microsoft co-founder's name.

28 March 2012

News/Cards

Square poaches from PayPal as it bids for international expansion

US mobile swipe outfit Square has responded to PayPal's attempt to muscle in on its territory by hiring Alyssa Cutright, a 12-year veteran of PayPal, to head up its international expansion.

21 March 2012

News/Cards

Faster Payments volumes surge

Britons sent two-thirds more money through Faster Payments in the last three months of 2011 than in the fourth quarter of 2010, as the much maligned service took root.

19 March 2012

News/Cards

PayPal launches Square rival

PayPal has taken the wraps off its Square rival, offering small businesses a free dongle and app that allows them to accept card payments with their mobile phones.

16 March 2012

News/Cards

Discover joins US EMV bandwagon

Discover Financial Services has fallen in line behind larger rivals Visa and MasterCard, setting out a timetable for the US abandonment of mag-stripe cards in favour of EMV chip technology

15 March 2012

News/Cards

PayPal re-imagines money for the digital age

PayPal has finally taken the wraps off its digital wallet offering at the SXSW show in Austin Texas.

14 March 2012

News/Cards

PayPal rumoured to be going after Square

PayPal is rumoured to be preparing to take on Square and a host of copycat competitors with the launch of a service that would allow mobile phones to accept card payments.

13 March 2012

News/Cards

Apple, Google, Facebook and Amazon to lead m-payments gold-rush?

Technology giants such as Apple, Google, Facebook and Amazon are well positioned to cash in on the upcoming mobile payments bonanza thanks to their reputation for innovation but still have trust and privacy-related hurdles to overcome if they are to convince Americans to pick them over more traditional financial services providers, according to a report from Javelin Strategy & Research.

09 March 2012

News/Cards

UK telcos submit mobile wallet proposals to EU competition authorities

The UK's three largest telcos have finally submitted their plans to form a mobile payments joint venture company to the European Commission for approval.

08 March 2012

News/Cards

Visa Europe takes stake in Mobile Money Network

Visa Europe is set to take a 15% equity stake in Mobile Money Network (MMN), a joint venture between Monitise, retailer Best Buy Europe and Carphone Warehouse founder Charles Dunstone.

07 March 2012

News/Cards

American Express syncs cards to Twitter for hashtag discounts

American Express is to offer cardholders the ability to sync their plastic to Twitter so that when they tweet using special offer hashtags, couponless savings are loaded directly to their cards.

07 March 2012

News/Cards

UK card fraud losses fall to 11-year low

Fraud losses on UK debit and credit cards fell seven per cent in 2011 to £341 million, an 11-year low, according to figures from the UK Cards Association.

07 March 2012

News/Cards

Tabbedout mobile app integrates PayPal

Tabbedout, a service that enables customers to open, view and pay a bar or restaurant tab with their mobile phone, has integrated PayPal into its app.

06 March 2012

News/Cards

Qatar gets SIM and sticker-based contactless m-payments

Qatar National Bank (QNB) and local telco Qtel have launched a contactless mobile payments service, offering customers the choice of MasterCard PayPass-enabled SIM cards or stickers.

06 March 2012