Latest Eftpos News: Finextra Research

NAB to launch SMS banking service

National Australia Bank (NAB) is gearing up to launch a SMS-based mobile banking service that will enable customers to access account information using their mobile handsets.

31 January 2008

News/Eftpos

CBA implements Vivotech technology for mobile PayPass pilot

Commonwealth Bank of Australia (CBA) is using technology from Silicon Valley-based NFC outfit Vivotech for its trial of contactless mobile phone payments, which is being conducted in partnership with MasterCard.

08 January 2008

News/Eftpos

Halifax facing chip and PIN fraud lawsuit

UK high street bank Halifax is facing a lawsuit brought by a customer who claims that fraudsters cloned his chip-based card and withdrew £2100 from his account at ATMs.

07 January 2008

News/Eftpos

Intuit returns to acquire Echo

Intuit is to acquire Electronic Clearing House (Echo) for $131 million in cash, nine months after terminating a previously-agreed $142 million offer for the US payment processor.

20 December 2007

News/Eftpos

Hypercom to buy Thales' card payments business; appoints new CEO

Payments technology vendor Hypercom has begun talks with Thales to acquire its e-Transactions business division for $120 million plus an additional performance related earn-out of up to $30 million. Separately, Hypercom has made several new board appointments and promoted Philippe Tartavull to president and CEO of the company, replacing William Keiper who resigned in July.

20 December 2007

News/Eftpos

Verifone eyes Pay By Touch

Troubled eftpos vendor Verifone is looking to acquire the assets of Pay By Touch, the California-based biometric authentication firm currently facing bankruptcy.

07 December 2007

News/Eftpos

DnB Nor, MasterCard and Telenor in mobile payments trial

Norwegian banking group DnB Nor is partnering with MasterCard and local telco Telenor to launch a public trial of near field communications (NFC)-based contactless mobile payments technology.

22 November 2007

News/Eftpos

Allied Irish in merchant acquiring JV with First Data

Allied Irish Banks (AIB) has signed an agreement with US e-payments firm First Data to establish a Dublin-based merchant acquiring joint venture.

14 November 2007

News/Eftpos

Mobile operators to trial NFC payment services

The GSMA - an international trade group of mobile operators - says trials of NFC-based contactless mobile payment technology will be conducted by 12 telcos around the world over the next few months as a precursor to the launch of commercial services.

14 November 2007

News/Eftpos

Halifax begins contactless card roll out

UK high street bank Halifax has begun issuing contactless debit cards featuring Visa payWave technology to around 25,000 customers in London.

12 November 2007

News/Eftpos

Mobile payments to soar - research

The popularity of mobile payments is set to rocket over the next few years, with the value of the market rising from $77.6 million in 2007 to $11.5 billion in 2011, according to a report from Juniper Research.

31 October 2007

News/Eftpos

Nigerian banks begin migration to chip and PIN technology

Nigerian financial institutions Access Bank and United Bank of Africa (UBA) have chosen technology from IT security vendor Thales to secure migration to chip and PIN.

15 October 2007

News/Eftpos

Equens and Seceti to combine operations

Pan-European payments operator Equens is to merge its operations with Italian processor Seceti, under a deal that will create the largest volume payments processor in Europe.

27 September 2007

News/Eftpos

London's Evening Standard to launch pre-paid card

London newspaper The Evening Standard is launching a pre-paid contactless card that can be used as a substitute for cash when purchasing copies of the paper.

20 September 2007

News/Eftpos

Telekurs buys card processor 3C from Tele2

Swiss group Telekurs has bought 3C Communications, a Luxembourg-based provider of card payments processing services, from Swedish telecoms operator Tele2 for SKr50 million in cash.

19 September 2007

News/Eftpos

Barclaycard rolls out Oyster payments card

Barclaycard today launched its combined contactless Oyster travel and debit card, OnePulse, in London.

10 September 2007

News/Eftpos

MasterCard launches contactless PayPass scheme in UK

MasterCard has officially launched its contactless 'tap and go' payments system, PayPass, in the UK with an initial roll out in London's financial district.

04 September 2007

News/Eftpos

Fair Isaac to profile device-level fraud risk

US-based Fair Isaac is teaming with US electronic payments network Nyce to extend its account-profiling technology to ATMs and point-of-sale terminals in order to determine the fraud risk associated with individual devices.

28 August 2007

News/Eftpos