Latest Eftpos News: Finextra Research

PayPal boss Marcus softens stance on NFC but insists BLE will win out

PayPal chief David Marcus says that the rise of host card emulation has forced him to reevaluate his long-held scepticism about mobile NFC payments, but he still feels bluetooth low energy will be the technology the revolutionises the way we pay.

23 April 2014

News/Eftpos

TfL and mobile operators to test NFC payments

Transport for London is reportedly in negotiations with mobile operators ahead of a pilot which will see commuters pay for journeys through their NFC-enabled handsets.

22 April 2014

News/Eftpos

Square denies it discussed sale to Google

Speculation about the future of Square is growing after the mobile payments startup was forced to pour cold water on a Wall Street Journal report claiming that, facing growing losses and a shrinking cash pile, it has been in talks about a possible sale to Google.

22 April 2014

News/Eftpos

Pay-by-sleeve: Heritage Bank unveils contactless payments suit

Forget watches and glasses, Aussie bank Heritage thinks it has found the cutting edge of wearable tech - a suit that lets customers make contactless payments through the flick of a sleeve.

17 April 2014

News/Eftpos

CommBank services hit by network-wide outage

An IT glitch at Commonwealth Bank of Australia has left customers unable to use online and mobile banking, ATMs and point-of-sale terminals for several hours.

15 April 2014

News/Eftpos

Westpac forecasts $3 billion in mobile contactless transactions in 2015

Westpac is forecasting almost $3 billion in contactless transactions will be made via mobile by 2015 as the Australian bank begins the roll-out of a new m-payment service on Samsung's Galaxy S4 and S5 smartphones.

09 April 2014

News/Eftpos

Mashreq rolls out contactless stickers

United Arab Emirate-based bank Mashreq is offering customers stickers that can be attached to mobile phones and used to make contactless payments.

08 April 2014

News/Eftpos

Researchers hack mPOS devices, play Flappy Bird

Mobile point-of-sale (mPOS) devices can be easily hacked, leaving banks, retailers and customers open to fraud, claims MWR InfoSecurity, which has even managed to play Flappy Bird on one reader.

07 April 2014

News/Eftpos

Finnish telco hawks pre-loaded contactless payments stickers

Finnish telco Elisa has teamed up with convenience store chain R-kioski to sell pre-loaded contactless payments stickers.

04 April 2014

News/Eftpos

Barclays' customers spending £6.6 million per month with contactless

Barclaycard says its customers are now spending £6.6 million per month on their contactless cards, as the firm celebrates the fifth anniversary of the introduction of the technology to the UK.

04 April 2014

News/Eftpos

Hackers steal Texas liquor store chain customer data

More than half a million people may have had their card data stolen after a data breach at Texas wine and liquor store chain Spec's which dates back 18 months.

03 April 2014

News/Eftpos

PCI security vendor Trustwave named in Target breach suit

PCI security vendor Trustwave has been accused of failing to detect vulnerabilities in Target's handling of credit card data ahead of last year's data breach, according to a law suit filed by Trustmark National Bank of New York and Green Bank of Houston.

26 March 2014

News/Eftpos

PaymentsNZ launches new standards for mobile payments

National payments umbrella organisation Payments New Zealand has launched new Mobile Device Rules and Standards designed to govern mobile payments system and protect businesses and consumers.

26 March 2014

News/Eftpos

POS start-up Vend secures $20m funding

New Zealand-based online point-of-sale software vendor Vend has scored US$20 million in a funding round led by PayPal co-founder Peter Thiel's Valar Ventures and Square Peg Capital.

25 March 2014

News/Eftpos

Zapp confident of signing more banks but no word on retail partners

UK mobile commerce outfit Zapp says it is hopeful of bringing more major banks onboard ahead of its launch later this year but has still not gone public with any retail partners.

20 March 2014

News/Eftpos

AmEx invests in Indian mPOS startup Ezetap

Bangalore-based Ezetap has secured investment from American Express to help it bring mPOS technology to Asia and Africa.

20 March 2014

News/Eftpos

Google Wallet kills support for NFC payments in pre-KitKat handsets

Google Wallet is hastening the migration to Host Card Emulation by killing off support for contactless payments in handsets that don't run the latest KitKat Android operating system.

18 March 2014

News/Eftpos

Contactless card quirk sees London buses charge commuters twice

Transport for London has wrongly charged bus passengers several thousand pounds because its Oyster readers have taken money from the wrong cards.

17 March 2014

News/Eftpos

Digicash launches Beacon mobile payments using Sepa credit transfers

Luxembourg's bank-led mobile payments scheme Digicash has begun piloting in-store beacon devices that let customers use their handsets to make Sepa credit transfers straight from their current accounts.

14 March 2014

News/Eftpos

Starbucks adds digital tipping to mobile app

Coffee chain behemoth Starbucks has revamped its iPhone app to let customers tip baristas digitally and pay with a shake of their handsets.

12 March 2014