Latest Cards News: Finextra Research

Hong Kong mobile operator 1010 moves into mPOS market

Hong Kong mobile operator 1010 has partnered with Global Payments to introduce a mobile point-of-sale reader that turns smart phones and tablets into card acceptance devices.

11 December 2013

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Bank of Baroda installs 'intelligent-powered' ATMs

In a bid to reach more of the country's underbanked population, India's Bank of Baroda is deploying 2100 ATMs from Diebold which automatically switch between three possible power sources - solar panel, alternating current grid and internal battery - as circumstances dictate.

10 December 2013

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ExxonMobil joins MCX

More retailers, including the world's largest publicly-traded oil and gas company, ExxonMobil, have signed up to the Merchant Customer Exchange (MCX), the retail-led coalition that is bidding to build a stake in the US consumer mobile payments market.

10 December 2013

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UK consumers not interested in mobile payments at the checkout - YouGov

A YouGov poll of UK consumers has shown a strong resistance to mobile payments technology for paying for purchases at the point-of-sale.

06 December 2013

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Thai telco TOT makes three-pronged assault on mobile payments market

Thailand's state-owned telco TOT is to wade in to the mobile payments arena next year with the launch of an NFC-based mobile wallet, a tablet-based mobile point-of-sale device, and a Web-based customer relationship management system for managing inventory, tracking customer transactions and running rewards programmes.

06 December 2013

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JPMorgan Chase says 465,000 pre-paid cards compromised by hackers

JPMorgan Chase says hackers have compromised its network, putting the personal information of around 465,000 pre-paid cardholders at risk.

05 December 2013

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Whither the cashless society? UK ATM withdrawals to top £11 billion in December

Sainsbury's Bank estimates that approximately £11.4 billion will be withdrawn from UK ATMs this December, equating to over £367 million per day.

04 December 2013

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Banks sell 59% stake in SIA

The bank owners of Italian payments processor SIA have agreed to sell a 59.3% stake in the venture in a deal valuing it at around EUR765 million.

03 December 2013

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NCR agrees $1.65bn Digital Insight acquisition

NCR has struck a $1.65 billion deal to buy online and mobile banking specialist Digital Insight from private equity firm Thoma Bravo. Separately, NCR has also closed the $84 million acquisition of Alaric Systems.

03 December 2013

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In wake of latest meltdown, RBS boss admits decades of IT neglect

RBS chief Ross McEwan has admitted that the bank has failed to invest properly in its IT system for decades after customers were left unable to access their money or pay for goods on Cyber Monday.

03 December 2013

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TD rolls out green envelope-free ATMs

TD Canada Trust has unveiled 'green' ATMs which let users make envelope-free deposits and view scanned cheque images and itemised cash on their receipts.

02 December 2013

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Bank Muscat to recover $39m card fraud losses

Oman's Bank Muscat says its insurers have agreed to indemnify the $38.8 million loss it suffered in a pre-paid card fraud scam earlier this year.

02 December 2013

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Mobey Forum calls for banks to gen up as mPOS market grows

Banks and financial institutions globally need to develop mobile point of sale (mPOS) strategies now, as the technology evolves beyond its sole trader roots to major high street retailers, says the bank-backed Mobey Forum.

26 November 2013

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Nationwide rolls out Visa's digital wallet V.me

Nationwide has become the first UK financial institution to roll out Visa's V.me digital wallet for online shopping.

26 November 2013

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Payments Council forecasts a bumper Christmas for retailers

The Payments Council is forecasting a bumper Christmas for retailers as it estimates that spending on cards, cash and cheques will reach £82.7bn in December, an increase of 1.2% from 2012 (£81.7bn).

22 November 2013

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Met police chief calls on banks to help fund new cyber-crime unit

Scotland Yard chief Bernard Hogan-Howe is calling on banks to help fund a new London cyber-crime fighting unit, admitting that traditional policing methods are failing against high-tech crooks.

22 November 2013

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Google Wallet gets physical card companion

Google Wallet is finally getting a companion physical pre-paid debit card as it shifts ever further away from its NFC roots.

21 November 2013

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MasterCard and Intel tap NXP for contactless e-commerce payments

Intel is embedding computers with NXP NFC technology so that online shoppers can pay with a tap of their MasterCard contactless card or mobile phone.

20 November 2013

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UniCredit to issue contactless stickers in Russia

UniCredit is to issue contactless stickers in Russia, turning consumer mobile handsets into cardless payment devices.

20 November 2013

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Former Google Wallet execs raise $7 million funding for retail analytics endeavor

Index, a retail software company set up by former Google Wallet executives, has secured $7 million in a Series A round led by Innovation Endeavors, Khosla Ventures, AIMCo and 819 Capital.

19 November 2013