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

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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.

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

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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.

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

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Sainsbury's Bank estimates that approximately £11.4 billion will be withdrawn from UK ATMs this December, equating to over £367 million per day.

Banks sell 59% stake in SIA

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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.

NCR agrees $1.65bn Digital Insight acquisition

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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.

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

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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.

TD rolls out green envelope-free ATMs

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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.

Bank Muscat to recover $39m card fraud losses

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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.

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

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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.

Nationwide rolls out Visa's digital wallet V.me

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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.

Payments Council forecasts a bumper Christmas for retailers

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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).

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

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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.

Google Wallet gets physical card companion

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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.

MasterCard and Intel tap NXP for contactless e-commerce payments

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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.

UniCredit to issue contactless stickers in Russia

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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.

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

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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.

Uber hails PayPal for in-app taxi payments

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Uber hails PayPal for in-app taxi payments

Uber, the US start-up behind an app that connects passengers with drivers of vehicles for hire, has added PayPal as a payment option.

Five more arrests made in $45 million ATM cyberheist

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Five more arrests made in $45 million ATM cyberheist

US authorities have arrested five men for their part in a massive ATM cyberheist that siphoned off $45 million in a matter of hours.

Visa names Rajat Taneja EVP, technology

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Visa names Rajat Taneja EVP, technology

Visa has poached Rajat Taneja from video games outfit Electronic Arts as its new executive vice president of technology.

FIS tech to power India's first bank for women

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FIS tech to power India's first bank for women

India's first public sector bank for women opens its doors today, powered by technology from US fintech vendor FIS.

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