Latest Eftpos News: Finextra Research

MasterCard to trial mobile phone payments in Taiwan; Visa makes progress in Korea

MasterCard has partnered with Taipei Fubon Bank and Taiwan Mobile to launch an NFC mobile phone payment pilot programme across the island.

08 February 2007

News/Eftpos

Researchers warn of Chip and PIN relay threat

Researchers at Cambridge University are warning that fraudsters could steal Chip and PIN details while customers make purchases in stores.

06 February 2007

News/Eftpos

Game over for Chip and PIN?

Researchers at the University of Cambridge have managed to hack a so-called tamper resistant Chip and PIN terminal and get it to play Tetris.

05 January 2007

News/Eftpos

MasterCard unveils pre-paid card reloading service

MasterCard has unveiled a new point-of-sale service for reloading pre-paid cards at merchant locations.

19 December 2006

News/Eftpos

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

News/Eftpos

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

News/Eftpos

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

News/Eftpos

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

News/Eftpos

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

News/Eftpos

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

News/Eftpos

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

News/Eftpos

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

News/Eftpos

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

News/Eftpos

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

News/Eftpos

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

News/Eftpos

Ingenico and Moneyline to merge

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

30 June 2006

News/Eftpos

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

News/Eftpos

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

News/Eftpos

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

News/Eftpos

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