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

Visa introduces new fraud detection system

Visa USA is introducing new fraud detection technology designed to prevent an estimated $164 million in losses at the merchant check-out over the next five years.

14 June 2005

News/Eftpos

First Data and BNL form merchant acquiring joint venture

First Data is partnering with Banca Nazionale del Lavoro (BNL) to create a joint venture to provide merchant acquiring services for Italian merchants, including the technical and commercial management of point-of-sale payments transactions.

14 June 2005

News/Eftpos

American Express adds contactless payments as standard

American Express is to offer contactless chip functionality as a standard feature on all new Blue credit cards issued across the US.

06 June 2005

News/Eftpos

Chase to begin contactless roll out in Atlanta

Chase Bank is to begin roll out of its blink contactless payment card scheme in June, with the delivery of nearly one million cards to customers in Atlanta.

24 May 2005

News/Eftpos

BioPay adds age verification to biometric payments system

US biometric payments firm BioPay is adding an age verification feature to its retail payments product which automatically screens customers making purchases of age-restricted items such as alcohol and tobacco.

18 May 2005

News/Eftpos

UK consumers struggling with PINs

UK consumers are finding it so difficult to remember multiple personal identification numbers since the introduction of chip and PIN technology that they are cutting down the number of plastic payment cards they regularly use.

13 May 2005

News/Eftpos

MasterCard contactless payments to feature at US cinemas

US cinema operator Regal Entertainment Group says it will accept MasterCard's PayPass contactless payment card scheme at its 558 movie theatres across the country.

26 April 2005

News/Eftpos

ICICI Bank orders 5000 Hypercom PoS terminals

India's ICICI Bank has contracted with US-based Hypercom for the supply of 5000 T7Plus EMV-certified card payment terminals which it will roll out to its merchant clients across the country over the next two months.

20 April 2005

News/Eftpos

Banks urged to set up payments councils

US banks should set up cross-disciplinary 'payments councils' comprising representation from the retail, wholesale and operational arms of the business if they are to protect their lucrative payments franchises from the shift to electronic transactions, according to a report by Chicago consultancy firm DiamondCluster.

08 April 2005

News/Eftpos

Interoperability is key to growth of contactless card market - Frost & Sullivan

A mishmash of standards for contactless smart cards is likely to restrain the growth of the technology at the point-of-sale, according to the latest market analysis from Frost & Sullivan.

30 March 2005

News/Eftpos

American Express signs merchants for contactless payments

American Express has signed US retailers Ritz Camera and Sheetz to its contactless payments system, ExpressPay.

23 March 2005

News/Eftpos

ABN Amro begins Dutch chip and PIN card roll out

ABN Amro has begun issuing mc2 chip and PIN payment cards to its credit card customers in the Netherlands.

17 March 2005

News/Eftpos

Chip and PIN security flaw uncovered

An investigation by the UK's London Programme has uncovered a security flaw in Chip and PIN payment cards which allows fraudsters to disable and over-ride chip security measures using information embedded in the magnetic strip.

16 March 2005

News/Eftpos

Dexit targets US market with SST alliance

Canadian small value payments firm Dexit is looking to move into the US market after inking a partnership deal with Smart System Technologies (SST), a New York-based provider of hosted contactless payment, loyalty and marketing systems.

11 March 2005

News/Eftpos

Transport for London unveils plans for e-money on Oyster

Londoners could soon be using their Oyster travel cards to pay for small purchases in shops as Transport for London (TfL) looks at ways of adding contactless payments functionality to the smart card.

04 March 2005

News/Eftpos

New York Community Bank introduces stored value card services

New York Community Bank is using technology from eftpos vendor Ingenico and payments processor TransFirst to provide its customers with pre-paid and stored-value card services at its branches.

28 February 2005

News/Eftpos

Ingenico acquires majority stake in Swiss eftpos firm XA

Eftpos vendor Ingenico has acquired a 51% share in XA, a Switzerland-based provider of electronic payment terminals. Financial terms of the deal were not disclosed.

23 February 2005

News/Eftpos

PBS payments processing network hit by systems glitch

Danish payments body Payment Business Services (PBS) is investigating a fault that occured during the renewal of an SSL certificate that prevented some retailers from processing card payments over its network during the weekend.

25 January 2005

News/Eftpos

Chip and PIN Programme hits end of year roll out targets

The UK's Chip and PIN Programme says it reached all its 2004 roll out targets for upgrading cardholders and businesses to the point-of-sale payments technology.

19 January 2005

News/Eftpos

EFunds adds CNP capability with $19.4 million ClearCommerce acquisition

EFunds Corporation is to acquire ClearCommerce, a privately-held provider of fraud prevention technology for 'card-not-present' (CNP) transactions, including online and mail order/telephone order (MOTO) sales, for $19.4 million in cash.

12 January 2005