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Cards

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Record turn-out expected at EBAday 2012

Record turn-out expected at EBAday 2012

The Euro Banking Association and Finextra are preparing for a record turn-out at EBAday 2012, Europe's pre-eminent annual payments event, with a sold-out exhibition floor and conference agenda featuring more than 50 of Europe's leading banks, market operators and industry utilities.

04 May 2012

PayPal Here signs up 200k merchants in weeks

PayPal Here signs up 200k merchants in weeks

More than 200,000 merchants have already signed up to PayPal's dongle and app combo that allows users to accept card payments with their mobile phones.

04 May 2012

Adapt laws to allay mobile payments privacy fears - Berkeley researchers

Adapt laws to allay mobile payments privacy fears - Berkeley researchers

Americans overwhelming reject mobile payment systems that track their movements or share identification information with retailers, and legislators should considering tweaking credit card laws to address their concerns, say researchers at the University of California, Berkeley.

03 May 2012

Global Payments taken off PCI lists over data breach

Global Payments taken off PCI lists over data breach

Global Payments has confirmed that "some card brands" have removed it from their lists of PCI compliant processors over a data breach affecting up to 1.5 million people.

02 May 2012

VeriFone shares plummet on Deutsche Bank downgrade

VeriFone shares plummet on Deutsche Bank downgrade

Point-of-sale terminal manufacturer VeriFone Systems saw its shares fall more than 12% yesterday after Deutsche Bank questioned its organic growth figures and downgraded its stock.

01 May 2012

Smart card inventor Moreno dies in Paris

Smart card inventor Moreno dies in Paris

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

30 April 2012

Visa Europe preps V.me digital wallet for autumn launch

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.

30 April 2012

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

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.

27 April 2012

Soca shuts down 36 sites selling stolen card details

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.

26 April 2012

French banks called upon to halve cheque processing volumes

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.

26 April 2012

UK wireless operator O2 launches mobile wallet

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.

26 April 2012

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

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.

25 April 2012

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

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.

25 April 2012

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

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.

20 April 2012

Dynamics card lets users press a button to choose reward

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".

19 April 2012

Barclaycard rolls out contactless stickers

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.

19 April 2012

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

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.

18 April 2012

MasterCard moves in on daily deals market

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.

18 April 2012

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

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.

17 April 2012

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

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.

17 April 2012