Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Royal Bank of Scotland targets cash with contactless card technology

Royal Bank of Scotland is to road-test MasterCard's PayPass contactless cards in the UK as an alternative to low-value cash payments.

08 February 2006

News/Eftpos

Visa takes aim at US contactless market

Card association Visa is homing in on a $1.2 trillion cash replacement opportunity as it talks up the rapid uptake of contactless payment cards by US retailers, banks and consumers.

02 February 2006

News/Eftpos

Chip & PIN ramps up fear factor

Almost one-in-four consumers now feel more exposed and vulnerable when making a purchase following the introduction of PINs in place of signatures at the point-of-sale in the UK, according to research from polling organisation Ipso Mori.

01 February 2006

News/Eftpos

Australian central bank to cap Eftpos entry costs

The Reserve bank of Australia is looking to cap the costs of POS terminal provision on the high street as part of an ongoing series of reforms aimed at stimulating competition in the domestic payments market.

20 December 2005

News/Eftpos

Ingenico cues up payments by iPod

French terminal vendor Ingenico has developed a prototype payment terminal capable of communicating with IPods and other MP3 music players.

20 December 2005

News/Eftpos

TSYS acquires 34% equity stake in Chinese payments processor

US-based TSYS has purchased an initial 34% equity interest in card payments processor China UnionPay Data. Financial terms of the deal were not disclosed.

13 December 2005

News/Eftpos

ACI teams with Fineac for French JV

ACI Worldwide is teaming with French e-payments vendor Fineac to form a joint venture that will provide technology and support services to financial services firms in France.

30 November 2005

News/Eftpos

Biometric authentication will calm ID theft fears - IBM

Almost half of US consumers (49%) feel that the introduction of fingerprint IDs at the point of sale would help alleviate their fears of fraud and identity theft, according to a survey commissioned by IBM.

18 November 2005

News/Eftpos

Debitman signs Wal-Mart; First Data study backs PINs at POS

California's Debitman Card has signed Wal-Mart and Sam's Club to its retailer-issued debit card programme, which is promoted as a cheaper alternative to bank-backed debit cards.

14 November 2005

News/Eftpos

Italy's Setefi signs for ACI card fraud detection software

Payments technology vendor ACI Worldwide has signed Setefi, the card processing business of Italian banking group Intesa, to its anti-money laundering and fraud detection software, Proactive Risk Manager.

28 October 2005

News/Eftpos

First Data acquires majority stake in Korea Mobile Payment Services

US payments processor First Data has signed an agreement to acquire an 80% stake in Korea Mobile Payment Services (KPMS). Financial terms of the deal were not disclosed.

20 October 2005

News/Eftpos

JCB aligns PED testing with MasterCard and Visa

Japanese card issuer JCB has joined an initiative from Visa and MasterCard to align security requirements, testing methodologies and approval procedures for PIN Entry Devices (PED).

30 September 2005

News/Eftpos

Verifone and McAfee to deliver anti-virus system for eftpos terminals

E-payments technology vendor Verifone has teamed with security technology firm McAfee to launch a virus protection system designed for Internet-connected eftpos systems in the US.

16 September 2005

News/Eftpos

Mexican banks aim to triple card terminal base

VeriFone has signed a deal to supply more than 10,000 wireless payment devices for use primarily by Mexico's 7000 petroleum stations.

06 September 2005

News/Eftpos

Trintech's Q2 hit by chip and PIN sales slowdown

Irish payment software vendor Trintech is warning that second quarter revenues will be lower than previously expected due to a slowdown in demand for chip and PIN systems in Europe.

12 August 2005

News/Eftpos

Banks vie for Oyster e-money contract

Barclays Bank, BBVA, JPMorgan, Royal Bank of Scotland and Paypal are among the firms to have been shortlisted as potential partners for Transport for London's (TfL) Oyster e-money project.

22 July 2005

News/Eftpos

Fraud fears force China EMV switch

Chinese authorities have green-lighted a large-scale EMV chip card pilot programme in Pudong, Shanghai, in a concerted effort to improve financial security following the recent massive data breach at CardSystems Solutions in the US that potentially exposed 40 million cardholders to fraud.

20 July 2005

News/Eftpos

US consumers prefer PINs to signatures

US consumers prefer PIN-based verification when purchasing goods at the point-of-sale, according to a survey conducted by First Data subsidiary Star.

04 July 2005

News/Eftpos

Rats! Freak outage shuts down New Zealand Stock Exchange

The New Zealand Stock Exchange was forced to close for several hours on Monday after rodents apparently chewed through a fibre-optic communication cable, leading to the collapse of the country's telecoms network.

22 June 2005

News/Eftpos

JCB contactless payments go mobile at Takamatsu Symbol Tower

Japanese card company JCB is teaming with NTT DoCoMo Shikoku and Symbol Tower Development Corporation to offer its QuicPay Mobile contactless payment service at 23 stores and restaurants in Takamatsu City's Symbol Tower this month.

15 June 2005