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News/Eftpos
Amazon is preparing to break out of the confines of its e-commerce site by building a person-to-person payments service and a point-of-sale system based on Kindle tablets for bricks-and mortar retailers.
30 January 2014
Spanish department store group El Corte Inglés has installed thousands of contactless terminals in its shopping centres, enabling customers to make payments with a tap of their cards or mobile phones.
28 January 2014
Luxury retailer Neiman Marcus says that up to 1.1 million customer payment cards were compromised in the recent data breach that hit its instore POS terminals over a four-month period from July to October 2013.
27 January 2014
The CEO of TSB Bank has blamed an HP server failure for the meltdown which left Lloyds Banking Group customers unable to use debit cards and cash machines for several hours yesterday.
IZettle has introduced a software development kit that enables merchants to integrates its card payments service directly into their own mobile apps.
23 January 2014
Visa Europe says contactless payments uptake is exceeding expectations, with the chip card technology now available in twice as many countries as this time last year, while transactions have nearly tripled and terminals almost doubled.
22 January 2014
Ukraine's Alfa Bank is partnering with telco Kyivstar to pilot the country's first mobile contactless payments system.
Swedbank is killing off its QR code-based mobile payments service, Bart, after failing to sign up enough retailers and consumers.
21 January 2014
Five major UK financial services firms have committed to rolling out mobile payments technology from Zapp, enabling customers to make in-store and online purchases from within their banking apps.
15 January 2014
Target has confirmed that crooks managed to steal the card details of tens of millions of customers by infecting its point-of-sale terminals with malware.
14 January 2014
Canadians could soon be using a government-backed digital currency, dubbed MintChip, to make in-store point-of-sale purchases.
13 January 2014
Neiman Marcus Group has become the second major US retailer in the last month to admit that hackers have compromised its systems, making off with customer card details.
A 16% decline in M&A and IPO activity in the payment space in 2013 was more than compensated for by a boom in early-stage investing, according to data from CB Insights, as a mix of VCs and corporate venture firms all continued to jockey for a piece of this massive industry.
10 January 2014
US retailer Target says that up to 70 million customers may have had their card details compromised during a data breach incident in December, far more than the initial 40 million estimate.
A vein-imaging point-of-sale authorisation device and USB-based iris scanning technology have been turning heads at the CES show in Las Vegas, raising expectations that 2014 may be a break-out year for the biometric technology industry.
09 January 2014
The Royal Bank of Scotland has blamed Tesco for a technical glitch which has seen some customer cards locked after being used at the supermarket's petrol stations.
03 January 2014
The US Secret Service is investigating a massive data card breach at Target retail stores across the United States.
19 December 2013
Spanish bank la Caixa has brought on board three of the country's biggest telcos - Telefónica, Vodafone, Orange - for the January launch of its mobile NFC payments service.
17 December 2013
Amazon has acquired San Francisco-based mobile commerce outfit GoPago, according to press reports, putting it in competition with the likes of Square and PayPal.
US retailers have vowed to fight a US District Court ruling in favour of a $5.7 billion settlement with Visa and MasterCard over credit card swipe fees.
16 December 2013
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