Keyword

Eftpos

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German co-op banks to ditch domestic debit scheme

German co-op banks to ditch domestic debit scheme

In an effort to comply with new regulations governing the creation of a Single Euro Payments Area (Sepa), the Sparda banking group in Germany is to ditch the domestic debit ec (electronic cash) scheme in favour of using MasterCard's Maestro marque for both national and international debit card payments.

07 December 2006

Fast Payments creates strong case for two-factor authentication, says Thales

Fast Payments creates strong case for two-factor authentication, says Thales

The UK's new Faster Payments Service (FPS) creates a strong business case for the immediate introduction of multi-factor authentication methods for transactions, says Thales e-Security.

06 December 2006

Consumers turning to plastic for small value payments

Consumers turning to plastic for small value payments

More than 67 million Americans have used a credit or debit card for a purchase of less than $5 in the past 30 days, according to research conducted by Ipsos Insight and micropayments outfit Peppercoin.

29 November 2006

Citibank Singapore rolls out biometric card payment service

Citibank Singapore rolls out biometric card payment service

Citibank Singapore is using fingerprint authentication technology from San Francisco-based Pay By Touch to launch a cardless payment service for credit card transactions.

10 November 2006

UK banks prepare to test online shopping authentication system

UK banks prepare to test online shopping authentication system

UK payments body Apacs is liaising with banks, card schemes, retailers and systems vendors on the introduction of an authentication system for use in both online and telephone shopping, as the latest fraud figures show rising levels of CNP (card not present) crime.

07 November 2006

Fidelity and US Bank settle Global Cash Access ATM patent dispute

Fidelity and US Bank settle Global Cash Access ATM patent dispute

Las Vegas-based gaming payments outfit Global Cash Access has settled an ATM patents dispute with Fidelity National Information Services and US Bank.

01 September 2006

More computer misery at Abbey as UK bank double-bills customers

More computer misery at Abbey as UK bank double-bills customers

UK bank Abbey is working to reverse a processing error that led to thousands of customers being mistakenly billed twice for the same Visa debit card transactions.

01 September 2006

UK bank branches target for Chip and PIN verification

UK bank branches target for Chip and PIN verification

Ingenico UK and US-based Nexus Software have developed a Chip and PIN-basesd authentication system for use in retail bank branch environments.

29 August 2006

Discover and JCB ink network access deal

Discover and JCB ink network access deal

Morgan Stanley unit Discover has inked a deal with Japanese card issuer JCB that will allow its US customers to use their cards to pay for purchases made in Japan.

23 August 2006

Verifone buys Trintech's payment systems unit

Verifone buys Trintech's payment systems unit

US e-payments technology vendor Verifone is buying the payment systems business of Dublin-based Trintech in an all cash transaction worth $12.1 million.

14 August 2006

Bank of Queensland outsources eftpos network to Keycorp

Bank of Queensland outsources eftpos network to Keycorp

The Bank of Queensland (BoQ) has signed a six year deal worth A$14.4 million with Australian e-payments vendor Keycorp for the upgrade and management of its entire fleet of eftpos terminals.

26 July 2006

Ingenico and Moneyline to merge

Ingenico and Moneyline to merge

French eftpos vendors Ingenico and Moneyline have signed an agreement to merge their respective operations.

30 June 2006

Police bust Canadian card cloning gang

Police bust Canadian card cloning gang

Police in Montreal have arrested nine people - including a bank call centre employee - that allegedly used rigged payment terminals to skim debit cards and steal customers' PINs.

23 June 2006

Ingenico wins Norwegian Post Office Chip and PIN contract

Ingenico wins Norwegian Post Office Chip and PIN contract

Eftpos vendor Ingenico has won a £1 million contract to supply mobile payment terminals and PIN pads to the Norwegian Post Office.

22 June 2006

National card schemes propose euro payments alliance

National card schemes propose euro payments alliance

German card processor Zentraler Kreditausschuss (ZKA) is aiming to create a 'Euro Alliance of Payment Schemes' with partners in Portugal, Italy, Spain and the Netherlands in an effort to interlink national debit card systems to process cross-border transactions.

24 May 2006

New security device aims to protect Chip and PIN users from 'shoulder surfers'

New security device aims to protect Chip and PIN users from 'shoulder surfers'

A new chip and PIN security device capable of protecting cardholders from "shoulder surfing" thieves at the cash till is being piloted by UK health and beauty retailer Boots.

23 May 2006

UK banks rocked by £1 million Chip & PIN card cloning fraud

UK banks rocked by £1 million Chip & PIN card cloning fraud

The UK banking industry's massive investment in Chip & PIN payment cards has been brought into question after fraudsters stole more than £1 million from customers by implanting skimming devices in retailer PIN pads.

08 May 2006

Global electronic payment volumes to double by 2010

Global electronic payment volumes to double by 2010

The annual number of electronic payment transactions, currently at approximately 210 billion worldwide, is expected to double by the end of the decade, according to research released by ACI Worldwide.

04 May 2006

Transport for London drops Oyster e-money initiative

Transport for London drops Oyster e-money initiative

Transport for London (TfL) has abandoned initial plans to add contactless payments functionality to its Oyster smart card after failing to agree terms with technical and financial partners.

02 May 2006

Visa warns of PoS software bug

Visa warns of PoS software bug

Visa USA is warning that two versions of Fujitsu's point-of-sale software may inadvertantly store customer data, including PIN numbers, during debit card transactions.

21 March 2006