Latest Eftpos News: Finextra Research

Chinese players form m-payments alliance

Card network operator China Unionpay has signed up a group of the country's banks, wireless operators and handset manufacturers to a mobile payments industry alliance that will establish standards and a business model.

13 May 2010

News/Eftpos

State Bank of India sets up merchant acquiring JV with Visa and Elavon

State Bank of India, the country's largest lender, is to form a merchant acquiring joint venture with US-based Elavon and Visa.

07 May 2010

News/Eftpos

MasterCard and Gemalto in Singapore SIM-payments trial

MasterCard is planning to pilot a miniature card from Gemalto that can be attached to mobile phone SIMs to turn handsets into contactless payments devices.

05 May 2010

News/Eftpos

PR bungle reveals details on Visa contactless iPhone case

Visa has teamed with Texan start-up DeviceFidelity on an iPhone case that enables owners to make contactless payments with the Apple handset.

05 May 2010

News/Eftpos

ANZ pilots predictive modelling of Eftpos sales data

Australia's ANZ has launched an online tool that uses aggregated data from merchant point-of-sale transactions to give business customers sales and behavioural insights.

16 April 2010

News/Eftpos

Absa rolls out POS currency converter for World Cup

With tourists from around the world preparing to descend on South Africa this summer for the football World Cup, Absa has partnered Planet Payment on a service that lets merchants charge customers in their own currencies.

14 April 2010

News/Eftpos

Paddington fire blacks out payment processing

Fire and flooding at a BT building near Paddington station has blacked out Internet and telephone connections at over 400 exchanges around the UK and disrupted card transactions processed over the Sage Pay gateway for Lloyds Banking Group.

31 March 2010

News/Eftpos

Visa to phase out signature cards in New Zealand by 2012

Visa says all credit cards issued in New Zealand will be Chip and PIN from next month, with signature-based transactions at the point-of-sale phased out by 2012.

24 March 2010

News/Eftpos

Criminals install fraudulent terminals at US retailer

US retailer Hancock Fabrics is warning customers that PIN pad units at several of its stores were stolen and replaced with "visually identical, but fraudulent" units last year, putting card data at risk.

16 March 2010

News/Eftpos

Barclays business customers to get contactless as standard

Barclays says that from March all new and reissued Visa debit cards for business customers will come with contactless technology as standard.

09 March 2010

News/Eftpos

Heartland breach still hitting banks

A bank in Colorado has begun blocking point of sale purchases over concerns debit cards may have been compromised by the massive data breach that hit Heartland Payment Systems in 2008.

08 March 2010

News/Eftpos

Canadian contactless mobile sticker trial planned

EnStream, a joint venture company set up by Canadian wireless operators, has outlined plans to pilot contactless payment stickers that attach to mobile phones.

03 March 2010

News/Eftpos

UK contactless limit upped to £15

The maximum limit for contactless credit and debit card payments in the UK has been increased from £10 to £15.

02 March 2010

News/Eftpos

Apacs staffer outed as anonymous Chip and PIN research basher

A computer registered to UK payments body Apacs was used to anonymously rubbish research by Cambridge University academics into vulnerabilities in the Chip and PIN system.

24 February 2010

News/Eftpos

Canadian crooks compromise card terminals

The debit cards of hundreds of people in the Canadian city of Windsor have been compromised after crooks tampered with payment terminals in fast food joints, installing Bluetooth technology into the PIN Pads and wirelessly downloading account information.

18 February 2010

News/Eftpos

Barclaycard unveils mobile phone payment terminal

Barclaycard has unveiled a system that turns smart phones into chip and PIN card payment terminals at the Mobile World Congress in Barcelona.

16 February 2010

News/Eftpos

Contactless m-payments trialled at Mobile World Congress

NFC-enabled handsets are being handed out to delegates at this year's Mobile World Congress in Barcelona for a contactless payments trial.

15 February 2010

News/Eftpos

Slovenian contactless m-payments trial to launch

Slovenia's Banka Koper, MasterCard and a group of technology players have teamed up to run a contactless mobile payments pilot.

12 February 2010

News/Eftpos

Dutch to ditch cash by 2015 - report

The Netherlands could be cash free within five years as the Dutch migrate to cards and mobile payments, says consumer association Consumentenbond.

10 February 2010

News/Eftpos

RBC goes contactless for Vancouver Olympics

Canada's RBC Royal Bank is set to introduce a pre-paid Visa contactless card shaped like a Coca-Cola bottle at the Vancouver 2010 Olympic and Paralympic Winter Games.

28 January 2010