Cards

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Betfair kept massive card data theft quiet

Betfair failed to inform over two million customers that their card details were stolen in a cyber-attack 18 months ago. The online bookmaker also neglected to mention the breach in its listings prospectus ahead of a floatation in October.

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JPMorgan Chase names Susan Ehrlich SVP, next generation payments

JPMorgan Chase has hired retail and financial services veteran Susan Ehrlich as senior vice president of next generation payments.

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BofA plans $5 monthly charge for debit card users

Bank of America is to start charging debit card users $5 a month as it seeks to claw back money it will lose from a change in interchange rules.

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Amex partners China's Tencent on e-payments

American Express is teaming with Chinese Internet giant Tencent Holdings on cross-border online payments.

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Visa Europe unveils mobile P2P payments and alert services

Visa Europe's member banks will be able to offer their customers mobile person-to-person payment and alert services from next month.

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First direct crowdsourcing effort gains traction

UK bank first direct is asking for customer input on the design of its new debit cards, following a strong response to a new crowdsourcing portal where members of the public can shape products and services before they are officially released.

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Woman cautioned for ATM shoe attack

A British woman has been given a police caution for attacking a cash machine with her high-heeled shoe.

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Creditcard.net domain sells for $138.000

Australian holding company Pixel Capital has paid $138.000 for the domain name creditcard.net as it bids to enter the US financial comparison market.

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Crooks use 3D printers to make ATM skimmers

A Texas-based criminal gang has been using state-of-the-art 3D printers to make ATM skimming devices, according to US officials.

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Citi slaps down Bank 2.0 rivals in Innotribe face-off

Financial heavyweight Citi has faced off a challenge to old-bank hegemony with a powerful display of its technological prowess that knocked the wind out of a room-full of Bank 2.0 innovation gurus and digital evangelists at an Innotribe session at Sibos in Toronto.

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RBS WorldPay hacker's property auctioned off

Flats and cars belonging to one of the ringleaders of the 2008 cyber-attack on RBS WorldPay, which led to the theft of over $9.4 million, have been auctioned off to compensate the bank, according to local press reports.

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Google launches mobile wallet

Search engine giant Google has kicked off a new era in payments with the formal launch of its mobile wallet service and the announcement of new co-operation agreements with Visa, Discover and American Express.

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FBI investigating 400 corporate account takeovers

The FBI is currently investigating over 400 reported cases of corporate account takeovers, where cyber crooks have used ACH and wire transfers to steal tens of millions of dollars from US businesses.

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PayPal goes after the high street

PayPal is stepping up its bid to take on card companies Visa and MasterCard in the high street as the boundaries between online and offline merge.

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Global m-payments volumes set for rapid rise

Globally, mobile payments will represent 15% of all cards transactions by 2013, and will overcome plastic volumes within 10 years if growth continues at the same rate, claims the World Payments Report from RBS, Capgemini and Efma.

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US credit card crook jailed for 14 years

A US man has been sentenced to 14 years in jail for running an online business selling counterfeit credit cards that were used to steal more than $3 million.

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HSBC Merchant Services launches PCI DSS compliance service

UK payment processor HSBC Merchant Services has launched a service designed to help merchants comply with Payment Card Industry Data Security Standards (PCI DSS).

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Man pleads guilty to $2m ATM scam

An ATM network operator employee has admitted stealing around $2 million from the bank he was looking after machines for.

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Amex taps Twitter and Facebook for charitable giving; inspires stream of invective

American Express has launched a UK charity campaign, pledging 50 pence to the Prince's Trust every time someone shares on Twitter or Facebook something that inspires them.

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Cardless transactions are the future says South Africa's FNB

South Africa's FNB says it is "overwhelmed" by take-up of a novel cardless ATM service which enables customers to withdraw cash using SMS PIN codes sent to their mobile phone.