Latest Eftpos News: Finextra Research

American Express acquires EMVCo stake

American Express has joined MasterCard, Visa and JCB as an owner-member of EMVCo, the standards body set up to manage and maintain the global EMV specifications.

03 February 2009

News/Eftpos

UK prepaid card vendor Tuxedo closes £17m funding round

UK prepaid card programme service provider Tuxedo Money Solutions has completed a significant funding round with all major shareholders participating.

22 December 2008

News/Eftpos

Toys R Us shoppers hit by Eftpos skimmers

Police in Sweden are warning shoppers who bought goods in two Toys R Us stores in the last few weeks to cancel their bank cards after skimming equipment used to steal data was found on Eftpos terminals.

16 December 2008

News/Eftpos

Visa steps up Australia chip and PIN migration

Visa has outlined plans to accelerate Australia's migration to chip and PIN card technology as part of a five year programme to improve payment system security in the country.

11 December 2008

News/Eftpos

Coffee Republic introduces contactless loyalty card with sQuid

UK retailer Coffee Republic is teaming with e-money start-up sQuidcard to launch a contactless loyalty card.

09 December 2008

News/Eftpos

French mobile operators and retailers form contactless payments working group

French mobile operators Orange, SFR and Bouygues Telecom have teamed with eight major retail chains in the country to form a working group dedicated to contactless m-payments systems at the point of sale.

04 December 2008

News/Eftpos

ING and MasterCard in Romanian m-payments trial

Dutch bank ING and MasterCard are to pilot a near field communications (NFC)-based mobile payments system in Romania, enabling customers to use their handsets to pay for low value purchases.

27 November 2008

News/Eftpos

PayPoint earnings up as it launches cash payments service for Web shopping

The online arm of UK retail payment terminal provider PayPoint has launched a new service it calls Cash Payments, which offers consumers the option of receiving a printable 19-digit reference number and barcode after 'buying' online, which they take to their nearest PayPoint terminal and pay cash for their order.

21 November 2008

News/Eftpos

SIMalliance forms NFC working group

SIM card industry association, SIMalliance, has formed a near field communications (NFC) working group to promote its role in contactless mobile phone payments.

21 November 2008

News/Eftpos

EDS and Cubic cling on to Oyster contract

Transport for London (TfL) has selected Cubic Transportation Systems and EDS to run the capital's pre-paid contactless travel card system in a deal that sees the Oyster brand retained.

20 November 2008

News/Eftpos

GSMA calls for NFC as standard feature on mobile handsets

The GSMA - an international trade group of mobile operators - is calling for full near field communication (NFC) functionality to be built into handsets from mid-2009, in a bid to drive the uptake of contactless payments.

19 November 2008

News/Eftpos

Utah Transportation Authority plans contactless transit system

Transport authorities in the US state of Utah are rolling out a contactless transit payments system following a successful pilot in Salt Lake City.

12 November 2008

News/Eftpos

Visa launches Latin America's first NFC m-payments trial

Latin America's first contactless mobile payments pilot is being launched in Guatemala by Visa in conjunction with Banco Industrial and Banco Uno.

05 November 2008

News/Eftpos

Visa to trial contactless transit payments in LA

Visa is working with transport authorities in Los Angeles on a contactless payments trial that will enable customers to pay for journeys on the city's trains, subway and buses by tapping their cards against specially equipped terminals.

04 November 2008

News/Eftpos

HSBC to issue Visa contactless cards in the Middle East

British banking group HSBC is teaming with Visa to launch a contactless debit card in the Middle East.

30 October 2008

News/Eftpos

Chip and PIN fraudsters jailed

Two men who purloined the details of thousands of credit cards from Chip and PIN terminals and used them to make counterfeits before stealing over £1 million have been jailed at a London Court.

29 October 2008

News/Eftpos

Canada begins Chip and PIN roll out

Canada's payments association Interac has begun the national roll out of Chip and PIN debit cards after participants in a trial gave the technology a thumbs up.

28 October 2008

News/Eftpos

Turkey plans multi-bank, multi-operator NFC trial

Turkey's national card switch and clearing centre BKM (Bankalararasi Kart Merkezi - Interbank Card Center) is planning a January launch for a year-long pilot of an independent near-field communication (NFC) infrastructure, with nine banks and two of the country's three mobile operators already on board.

24 October 2008

News/Eftpos

MasterCard and RBS to pilot contactless transit payments in Liverpool

MasterCard is teaming with the Royal Bank of Scotland (RBS) and Stagecoach to trial a combined contactless bank and transit card in the UK city of Liverpool.

21 October 2008

News/Eftpos

Fraudsters rigging Chip and PIN terminals to steal data - report

Hundreds of Chip and PIN terminals in shops and supermarkets across Europe have been rigged by criminals and used to steal shoppers' card details, according to US national counter-intelligence executive Joel Brenner.

13 October 2008