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3324 articles tagged with this keyword

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QR code-based payment initiative rolls out in India

A government sponsored quick response(QR)code-based payment service, IndiaQR, has launched today in India, heralding the next major step in its ambition to be a cashless society.

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Registration opens for EBAday 2017

Registration has opened for EBAday 2017, Europe's pre-eminent payments conference and exhibition, which will be staged this year in Dublin.

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The fintech effect: Banks buy in to benefits of boosting financial well-being

Fintech startups are setting new standards for customer control and experience, forcing high street banks to up their game, says UK charity the Fairbanking Foundation.

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Australian banks fight back over Apple Pay 'fantasy' claims

The group of Australian banks fighting it out with Apple over the introduction of the consumer electronics giant's mobile payment system have narrowed down their complaint to the Australian Competition and Consumer Commission (ACCC) to focus solely on open access to the NFC function on iPhones.

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Hitachi outed as source of Indian ATM malware infection

Hitachi Payment Systems has admitted culpability for a breach of its ATM network in India that spawned a massive recall of debit cards by the nation's banks.

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Visa bids to strengthen Silicon Valley ties with new Palo Alto site

Stressing its technology credentials, Visa has opened a massive new office in Silicon Valley to house its data and research teams.

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Apple fears Australian banks will price it out of the market

Apple has accused some of Australia's largest banks of wanting to price its mobile payment service out of the market and at the same time condition consumers to accept a fee-based model for tap-and-pay transactions for their own mobile wallets.

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Klarna agrees £60 million deal to acquire Wonga's BillPay

Fast-growing Swedish payments startup Klarna has acquired Germany's BillPay, a Berlin-based consumer financing outfit owned by UK payday lender Wonga.

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ATM explosion gang get thirty year jail term

Three men have been sentenced to over 30 years in prison for using ‘explosive gas’ to rob 27 ATMs across London and the Home Counties.

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Worldpay poaches Santander innovation head

Santander's head of global innovation Peter Jackson is moving to Worldpay as its UK chief executive.

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Mastercard and UniRush hit with $13m CFPB bill over 2015 customer lockout

Mastercard and UniRush have been ordered by the Consumer Financial Protection Bureau (CFPB) to pay $13 million over a technology breakdown in 2015 which left tens of thousands of customers unable to access their money.

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SoFi moves beyond lending with acquisition of mobile banking startup Zenbanx

Online lender SoFi is stepping up its efforts to take on America's banks by buying fellow fintech player Zenbanx, enabling it to offer checking accounts, credit cards and international money transfers. Financial terms were not disclosed.

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After raising $5m, Qvivr gears up to launch wallet-replacing card

Qvivr, a US startup promising to replace the credit, debit, gift and loyalty cards in customers' wallets with a single card and app combo, has raised $5 million in a Series A funding round led by Khosla Ventures.

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Charities give thumbs up to contactless donations

Barclaycard is reporting positive feedback from a trial of contactless donation boxes with eleven leading charities.

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New Jersey man jailed over $200m credit card scam

A New Jersey man has been sentenced to nearly four years in prison for his role in a $200 million scam that saw crooks fabricate thousands of false identities to obtain credit cards.

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Link rethinks business model as banks balk at ATM running costs

The UK's Link ATM network is rethinking its business model as banks seek to reduce the costs incurred by providing free ATM withdrawals across the national network of 70,000 cash machines.

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Al Rahji installs fingerprint readers for instant card issuance

Saudi Arabia's Al Rajhi Bank has introduced biometric fingerprint readers for instant issuance of customer debit cards across its branch network.

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Cash market share squeezed by plastic cards and electronic transfers - RBR

The ubiquitous plastic payment card is steadily eroding the market share of cash as global economies increasingly edge towards a cashless future, according to new data from Retail Banking Research.

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CMA gives provisional nod to Mastercard remedies for VocaLink takeover

Mastercard has agreed to reduce the costs to the Link ATM network for switching infrastructure providers in order to head off competition concerns raised over its £700 million takeover of VocaLink.

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ANZ mobile just the ticket for missing cards

ANZ's latest pitch to entice customers to its mobile wallet offering is a service that automatically updates replacement card details as soon as a card is reported as lost or stolen.