Latest Eftpos News: Finextra Research

Ingenico takes stake in Chinese eftpos vendor Fujian Landi

French eftpos outfit Ingenico has acquired a 55% stake in Chinese payments systems vendor Fujian Landi for EUR11 million in cash.

26 June 2008

News/Eftpos

Dutch supermarket pilots fingerprint payments

Dutch supermarket chain Albert Heijn is teaming with European payments processor Equens to test fingerprint scanning technology as an alternative to card and cash payments at the check-out.

17 June 2008

News/Eftpos

Gemalto reports Italian transit ticketing deal

European smart card vendor Gemalto says it is teaming with Italy's Telecom Italia Mobile (Tim) to develop a contactless payments system that enables passengers to use their mobile phones to pay for journeys on public transport.

28 May 2008

News/Eftpos

EBAday to focus on corporates' role in the future of European payments

More than 400 representatives from banks and 200 leading corporates will convene at the Marina Congress Centre, Helsinki, on 25-26 June to look beyond the practical compliance requirements of operating in the single euro payments area and deal with the strategic questions that banks and corporates must address together if they are to prosper.

23 May 2008

News/Eftpos

First Data takes 50% stake in Eufiserv processing unit

US e-payments outfit First Data is acquiring a 50% equity stake in the interbank processing unit of Europe's Eufiserv as it looks to cash in on the opportunities provided by the single euro payment area (Sepa). Financial details of the deal were not disclosed.

21 May 2008

News/Eftpos

Aconite reports Visa Europe contract

Visa Europe has selected UK smart card specialist Aconite to provide technology to support the development of its new payWave pre-paid card.

15 May 2008

News/Eftpos

MasterCard rolls out mini PayPass cards in Spain

MasterCard is teaming with Spanish banking groups La Caja Insular de Ahorros de Canarias and EURO 6000 to trial a miniature version of its contactless PayPass card, which is small enough to attach to a keyring.

22 April 2008

News/Eftpos

Cards and m-payments to speed demise of cheques - Visa

The demise of cheques in Western Europe is set to accelerate over the next few years, with around 60% of retailers no longer accepting them by 2015 as electronic cards and mobile payments gain in popularity, according to research commissioned by Visa.

18 April 2008

News/Eftpos

Danske glitch wipes out Northern Bank, National Irish and Sampo ATMs

Danske Bank says a glitch with its IBM-managed payments network resulted in customers of its subsidiaries in three countries being unable to use their cards to withdraw money from cash machines.

10 April 2008

News/Eftpos

Barclaycard steps up contactless card roll out

Barclaycard says it plans to issue over a million contactless payment cards across the UK this year.

04 April 2008

News/Eftpos

Verifone CFO quits after accounting probe

Verifone says its chief financial officer (CFO) Barry Zwarenstein has quit the company following an accounting probe that found the US eftpos vendor had massively overstated its operating profit for the first nine months of 2007.

02 April 2008

News/Eftpos

WaMu rolls out MasterCard PayPass debit cards

US bank Washington Mutual (WaMu) says it will issue up to 15 million debit cards featuring MasterCard's PayPass contactless technology to customers in 2008.

01 April 2008

News/Eftpos

American Express ditches contactless keyring

American Express is discontinuing its Express Pay contactless payments key fob following poor customer take-up of the device.

31 March 2008

News/Eftpos

UK retailer EAT installs integrated contactless payments system

Fast food joint EAT has become the first retailer in the UK to introduce a fully integrated contactless payment system at the point-of-sale.

26 March 2008

News/Eftpos

Card fraud abroad pushes UK losses up 25%

New figures released by UK payments association Apacs shows that industry losses from plastic card fraud jumped by 25% to £535.2 million last year, driven by a hefty 77% rise in fraud committed on UK cards abroad.

12 March 2008

News/Eftpos

Barclaycard Business launches pre-paid card service for retailers

Barclaycard is partnering with payment services vendor Card Commerce to launch a service for UK retailers looking to offer pre-paid gift cards to customers.

10 March 2008

News/Eftpos

Social banking start-up SmartyPig in beta launch

An online saving service that enables account holders to deposit money and receive funds from others in order to save for specific goals has gone into beta mode in the US.

05 March 2008

News/Eftpos

Travelex releases pre-paid foreign currency card in North America

Travelex is teaming with MasterCard and West Suburban Bank to launch a pre-paid foreign currency card aimed at US customers travelling to Europe.

29 February 2008

News/Eftpos

UK transport authority to pilot contactless payments

A transport authority in the North West of England is launching a trial of an Oyster-style pre-paid contactless transit card that will use technology developed by e-money start-up sQuidcard.

29 February 2008

News/Eftpos

PIN devices vulnerable to 'tapping' attacks, researchers warn

Chip and PIN security is under the spotlight again after researchers at Cambridge University demonstrated that unencrypted card details can be stolen by "tapping" PIN entry devices (PEDs).

27 February 2008