Latest Eftpos News: Finextra Research

Mexican banks aim to triple card terminal base

VeriFone has signed a deal to supply more than 10,000 wireless payment devices for use primarily by Mexico's 7000 petroleum stations.

06 September 2005

News/Eftpos

Trintech's Q2 hit by chip and PIN sales slowdown

Irish payment software vendor Trintech is warning that second quarter revenues will be lower than previously expected due to a slowdown in demand for chip and PIN systems in Europe.

12 August 2005

News/Eftpos

Banks vie for Oyster e-money contract

Barclays Bank, BBVA, JPMorgan, Royal Bank of Scotland and Paypal are among the firms to have been shortlisted as potential partners for Transport for London's (TfL) Oyster e-money project.

22 July 2005

News/Eftpos

Fraud fears force China EMV switch

Chinese authorities have green-lighted a large-scale EMV chip card pilot programme in Pudong, Shanghai, in a concerted effort to improve financial security following the recent massive data breach at CardSystems Solutions in the US that potentially exposed 40 million cardholders to fraud.

20 July 2005

News/Eftpos

US consumers prefer PINs to signatures

US consumers prefer PIN-based verification when purchasing goods at the point-of-sale, according to a survey conducted by First Data subsidiary Star.

04 July 2005

News/Eftpos

Rats! Freak outage shuts down New Zealand Stock Exchange

The New Zealand Stock Exchange was forced to close for several hours on Monday after rodents apparently chewed through a fibre-optic communication cable, leading to the collapse of the country's telecoms network.

22 June 2005

News/Eftpos

JCB contactless payments go mobile at Takamatsu Symbol Tower

Japanese card company JCB is teaming with NTT DoCoMo Shikoku and Symbol Tower Development Corporation to offer its QuicPay Mobile contactless payment service at 23 stores and restaurants in Takamatsu City's Symbol Tower this month.

15 June 2005

News/Eftpos

Visa introduces new fraud detection system

Visa USA is introducing new fraud detection technology designed to prevent an estimated $164 million in losses at the merchant check-out over the next five years.

14 June 2005

News/Eftpos

First Data and BNL form merchant acquiring joint venture

First Data is partnering with Banca Nazionale del Lavoro (BNL) to create a joint venture to provide merchant acquiring services for Italian merchants, including the technical and commercial management of point-of-sale payments transactions.

14 June 2005

News/Eftpos

American Express adds contactless payments as standard

American Express is to offer contactless chip functionality as a standard feature on all new Blue credit cards issued across the US.

06 June 2005

News/Eftpos

Chase to begin contactless roll out in Atlanta

Chase Bank is to begin roll out of its blink contactless payment card scheme in June, with the delivery of nearly one million cards to customers in Atlanta.

24 May 2005

News/Eftpos

BioPay adds age verification to biometric payments system

US biometric payments firm BioPay is adding an age verification feature to its retail payments product which automatically screens customers making purchases of age-restricted items such as alcohol and tobacco.

18 May 2005

News/Eftpos

UK consumers struggling with PINs

UK consumers are finding it so difficult to remember multiple personal identification numbers since the introduction of chip and PIN technology that they are cutting down the number of plastic payment cards they regularly use.

13 May 2005

News/Eftpos

MasterCard contactless payments to feature at US cinemas

US cinema operator Regal Entertainment Group says it will accept MasterCard's PayPass contactless payment card scheme at its 558 movie theatres across the country.

26 April 2005

News/Eftpos

ICICI Bank orders 5000 Hypercom PoS terminals

India's ICICI Bank has contracted with US-based Hypercom for the supply of 5000 T7Plus EMV-certified card payment terminals which it will roll out to its merchant clients across the country over the next two months.

20 April 2005

News/Eftpos

Banks urged to set up payments councils

US banks should set up cross-disciplinary 'payments councils' comprising representation from the retail, wholesale and operational arms of the business if they are to protect their lucrative payments franchises from the shift to electronic transactions, according to a report by Chicago consultancy firm DiamondCluster.

08 April 2005

News/Eftpos

Interoperability is key to growth of contactless card market - Frost & Sullivan

A mishmash of standards for contactless smart cards is likely to restrain the growth of the technology at the point-of-sale, according to the latest market analysis from Frost & Sullivan.

30 March 2005

News/Eftpos

American Express signs merchants for contactless payments

American Express has signed US retailers Ritz Camera and Sheetz to its contactless payments system, ExpressPay.

23 March 2005

News/Eftpos

ABN Amro begins Dutch chip and PIN card roll out

ABN Amro has begun issuing mc2 chip and PIN payment cards to its credit card customers in the Netherlands.

17 March 2005

News/Eftpos

Chip and PIN security flaw uncovered

An investigation by the UK's London Programme has uncovered a security flaw in Chip and PIN payment cards which allows fraudsters to disable and over-ride chip security measures using information embedded in the magnetic strip.

16 March 2005