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Eftpos

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Payments start-ups raise $1.2 billion across 193 deals in 2013

Payments start-ups raise $1.2 billion across 193 deals in 2013

A 16% decline in M&A and IPO activity in the payment space in 2013 was more than compensated for by a boom in early-stage investing, according to data from CB Insights, as a mix of VCs and corporate venture firms all continued to jockey for a piece of this massive industry.

10 January 2014

Target raises numbers hit by data breach from 40 million to 70 million

Target raises numbers hit by data breach from 40 million to 70 million

US retailer Target says that up to 70 million customers may have had their card details compromised during a data breach incident in December, far more than the initial 40 million estimate.

10 January 2014

Biometrics make headway at CES, Las Vegas

Biometrics make headway at CES, Las Vegas

A vein-imaging point-of-sale authorisation device and USB-based iris scanning technology have been turning heads at the CES show in Las Vegas, raising expectations that 2014 may be a break-out year for the biometric technology industry.

09 January 2014

Tesco glitch locks RBS and NatWest cards

Tesco glitch locks RBS and NatWest cards

The Royal Bank of Scotland has blamed Tesco for a technical glitch which has seen some customer cards locked after being used at the supermarket's petrol stations.

03 January 2014

Target says 40 million cards may have been compromised in data breach

Target says 40 million cards may have been compromised in data breach

The US Secret Service is investigating a massive data card breach at Target retail stores across the United States.

19 December 2013

La Caixa partners telcos for mobile NFC payments service

La Caixa partners telcos for mobile NFC payments service

Spanish bank la Caixa has brought on board three of the country's biggest telcos - Telefónica, Vodafone, Orange - for the January launch of its mobile NFC payments service.

17 December 2013

Amazon reportedly buys m-commerce firm GoPago

Amazon reportedly buys m-commerce firm GoPago

Amazon has acquired San Francisco-based mobile commerce outfit GoPago, according to press reports, putting it in competition with the likes of Square and PayPal.

17 December 2013

Retailers say they will fight on as US court approves class action interchange settlement

Retailers say they will fight on as US court approves class action interchange settlement

US retailers have vowed to fight a US District Court ruling in favour of a $5.7 billion settlement with Visa and MasterCard over credit card swipe fees.

16 December 2013

Wells Fargo joins Isis Mobile Wallet scheme

Wells Fargo joins Isis Mobile Wallet scheme

Wells Fargo is to allow customers to load their credit cards on to the telco-backed Isis mobile wallet in the first phase of a pilot test of the technology, which enables consumers to use their handsets to pay, redeem coupons and present loyalty credentials at the point-of-sale.

13 December 2013

CommBank and Westpac to put Australia at forefront of Mobile NFC wave

CommBank and Westpac to put Australia at forefront of Mobile NFC wave

Commonwealth Bank of Australia has released a mobile NFC-based payments application for Samsung handsets, just ahead of rival bank Westpac, which has abandoned plans for sticker-based payments in favour of a fully-fledged mobile roll-out early next year.

12 December 2013

PayPal boss backs bitcoin, but not as a currency

PayPal boss backs bitcoin, but not as a currency

PayPal president David Marcus has predicted that bitcoin could double its value over the next year as it continues to prosper as an investment asset but insists that the cryptocurrency is not a real currency.

11 December 2013

Hong Kong mobile operator 1010 moves into mPOS market

Hong Kong mobile operator 1010 moves into mPOS market

Hong Kong mobile operator 1010 has partnered with Global Payments to introduce a mobile point-of-sale reader that turns smart phones and tablets into card acceptance devices.

11 December 2013

ExxonMobil joins MCX

ExxonMobil joins MCX

More retailers, including the world's largest publicly-traded oil and gas company, ExxonMobil, have signed up to the Merchant Customer Exchange (MCX), the retail-led coalition that is bidding to build a stake in the US consumer mobile payments market.

10 December 2013

UK consumers not interested in mobile payments at the checkout - YouGov

UK consumers not interested in mobile payments at the checkout - YouGov

A YouGov poll of UK consumers has shown a strong resistance to mobile payments technology for paying for purchases at the point-of-sale.

06 December 2013

Thai telco TOT makes three-pronged assault on mobile payments market

Thai telco TOT makes three-pronged assault on mobile payments market

Thailand's state-owned telco TOT is to wade in to the mobile payments arena next year with the launch of an NFC-based mobile wallet, a tablet-based mobile point-of-sale device, and a Web-based customer relationship management system for managing inventory, tracking customer transactions and running rewards programmes.

06 December 2013

In wake of latest meltdown, RBS boss admits decades of IT neglect

In wake of latest meltdown, RBS boss admits decades of IT neglect

RBS chief Ross McEwan has admitted that the bank has failed to invest properly in its IT system for decades after customers were left unable to access their money or pay for goods on Cyber Monday.

03 December 2013

SimplyTapp closes funding round to push HCE-based NFC payments

SimplyTapp closes funding round to push HCE-based NFC payments

SimplyTapp, the US start-up which says it created the 'Host Card Emulation' (HCE) approach to mobile NFC payments recently embraced by Google, has raised its series a funding round.

27 November 2013

Mobey Forum calls for banks to gen up as mPOS market grows

Mobey Forum calls for banks to gen up as mPOS market grows

Banks and financial institutions globally need to develop mobile point of sale (mPOS) strategies now, as the technology evolves beyond its sole trader roots to major high street retailers, says the bank-backed Mobey Forum.

26 November 2013

Bank of East Asia to debut mobile payments service in 2014

Bank of East Asia to debut mobile payments service in 2014

Hong Kong's Bank of East Asia is to introduce mobile contactless payments in the first quarter of 2014.

25 November 2013

Google Wallet gets physical card companion

Google Wallet gets physical card companion

Google Wallet is finally getting a companion physical pre-paid debit card as it shifts ever further away from its NFC roots.

21 November 2013