Latest Cards News: Finextra Research

Jumio raises $25.5m

Jumio, a US start-up that has developed a system to turn Web cams and smartphone cameras into credit card readers, has raised $25.5 million.

12 January 2012

News/Cards

PCI security standards in the dock

A legal challenge to the payment card industry's PCI security standards is brewing in the US, as a Utah-based restaurant chain cries foul over the apparently "arbitrary" nature of the system and the level of fines imposed by Visa and MasterCard following an alleged breach of security.

12 January 2012

News/Cards

EC bids for integrated card, Internet and mobile payments

The European Commission has published its green paper on how Europe can break down barriers to an integrated market for card, Internet and mobile payments.

11 January 2012

News/Cards

Diebold shows off concept 4G LTE-enabled ATM

Diebold has teamed up with wireless operator Verizon to develop a concept 4G LTE-enabled ATM to show off the technology's potential security and user experience benefits.

10 January 2012

News/Cards

Intuit takes GoPayment to Canada

Intuit is preparing to launch its GoPayment mobile credit card processing app and hardware in Canada. Meanwhile, rival Square has inked deals to sell its offering in OfficeMax and UPS stores.

10 January 2012

News/Cards

Israel compares cyber-attack to terrorism; threatens retaliation

Israel's deputy foreign minister has compared a recent cyber-attack, which saw thousands of credit cards compromised, to terrorism and threatened retaliation against the perpetrators.

09 January 2012

News/Cards

Man arrested over $1.5m New York ATM skimming scam

A Romanian man has been arrested in New York, accused of being part of a gang that installed skimming devices on more than 40 HSBC ATMs before stealing at least $1.5 million from customer accounts.

09 January 2012

News/Cards

PayPal partners Home Depot to trial POS tech

PayPal has taken another step in its journey to the high street, beginning a pilot of its new point-of-sale technology with US retail giant Home Depot.

09 January 2012

News/Cards

EC to probe barriers to payments integration

The European Commission will next week present a paper outlining obstacles hindering further integration in the European market for card, Internet and mobile payments and how these could be resolved.

06 January 2012

News/Cards

Central Bank of Nigeria enlists Ingenico as 'cashless Lagos' experiment begins

Nigeria's central bank has kicked off its 'cashless Lagos' project, introducing limits on how much paper money people can withdraw and deposit in a bid to encourage the transition to electronic payment methods.

05 January 2012

News/Cards

Citi launches Facebook app for loyalty point pooling

US bank Citi has unveiled a Facebook application that lets customers pool their loyalty programme reward points.

03 January 2012

News/Cards

Saudi hacker posts Israeli card details

Saudi Arabian hackers have posted the credit card details of thousands of Israelis online after breaking into local Web sites.

03 January 2012

News/Cards

UK contactless payments momentum gathers pace

Nearly three quarters of British contactless users think that the technology will eventually become more commonplace than cash and 84% see cards as just a stepping stone to mobile NFC payments, according to a survey from Visa Europe.

21 December 2011

News/Cards

Finextra signs off for Christmas and New Year break

The Finextra office will be closed after Wednesday 21 December, re-opening Tuesday 3 January.

21 December 2011

News/Cards

Brighton Collectables rolls out VeriFone mobile POS tech

US retailer Brighton Collectables has rolled out VeriFone's GlobalBay Mobile POS technology in its stores, using iPod Touches as credit card readers.

20 December 2011

News/Cards

UK banks scrap currency fees

Following an Office of Fair Trading probe, British banks have agreed to ditch some of the fees they charge people for buying foreign currency.

20 December 2011

News/Cards

Visa Europe probes potential processor security breach

Visa Europe is investigating a possible data breach at an Eastern European payment processor that may have hit thousands of cardholders.

16 December 2011

News/Cards

Court dismisses Heartland data breach claims

A US judge has dismissed most claims brought by a group of banks against Heartland Payment Systems over a massive data breach that exposed millions of credit card details in 2007.

14 December 2011

News/Cards

CBA customers left fuming by more online, ATM and eftpos outages

Commonwealth Bank of Australia (CBA) has been forced to take to Twitter and Facebook again to apologise to customers unable to access online accounts or use ATMs and point-of-sale terminals.

14 December 2011

News/Cards

Americans want alternative to cards for online payments - survey

The vast majority of Americans would spend more online if they were offered an easier and more secure way to pay than credit and debit cards, according to a survey from Javelin Strategy & Research.

13 December 2011