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News/Cards
PayPal has taken another step in its journey to the high street, beginning a pilot of its new point-of-sale technology with US retail giant Home Depot.
09 January 2012
The European Commission will next week present a paper outlining obstacles hindering further integration in the European market for card, Internet and mobile payments and how these could be resolved.
06 January 2012
Nigeria's central bank has kicked off its 'cashless Lagos' project, introducing limits on how much paper money people can withdraw and deposit in a bid to encourage the transition to electronic payment methods.
05 January 2012
US bank Citi has unveiled a Facebook application that lets customers pool their loyalty programme reward points.
03 January 2012
Saudi Arabian hackers have posted the credit card details of thousands of Israelis online after breaking into local Web sites.
Nearly three quarters of British contactless users think that the technology will eventually become more commonplace than cash and 84% see cards as just a stepping stone to mobile NFC payments, according to a survey from Visa Europe.
21 December 2011
The Finextra office will be closed after Wednesday 21 December, re-opening Tuesday 3 January.
US retailer Brighton Collectables has rolled out VeriFone's GlobalBay Mobile POS technology in its stores, using iPod Touches as credit card readers.
20 December 2011
Following an Office of Fair Trading probe, British banks have agreed to ditch some of the fees they charge people for buying foreign currency.
Visa Europe is investigating a possible data breach at an Eastern European payment processor that may have hit thousands of cardholders.
16 December 2011
A US judge has dismissed most claims brought by a group of banks against Heartland Payment Systems over a massive data breach that exposed millions of credit card details in 2007.
14 December 2011
Commonwealth Bank of Australia (CBA) has been forced to take to Twitter and Facebook again to apologise to customers unable to access online accounts or use ATMs and point-of-sale terminals.
The vast majority of Americans would spend more online if they were offered an easier and more secure way to pay than credit and debit cards, according to a survey from Javelin Strategy & Research.
13 December 2011
Google has chosen the UK as the second market for its mobile wallet service, with a trial set for early next year ahead of the London Olympics, according to press reports.
12 December 2011
Swedbank customers in Latvia rushed to withdraw money from ATMs over the weekend, panicked by rumours swirling on social media sites that the bank was in financial difficulty.
Ahead of Christmas, Visa Europe has launched a Web portal offering deals and discounts from participating retailers to its UK cardholders.
Glaswegians received an early Christmas gift on Friday when a Clydesdale Bank ATM began dispensing twice as much cash as requested.
Russian cyber-criminals have hacked into the computer systems of US wholesale group Restaurant Depot and stolen hundreds of thousands of credit and debit card details.
The war of words between retailers and banks over Durbin interchange fee amendments in the US has stepped up a gear as the Electronic Payments Coalition releases research which indicates that a majority of merchants are pocketing savings from fee cuts rather than passing them on to customers as promised.
09 December 2011
The SaveMart supermarket chain in the US is reporting escalating incidences of fraud on customer bank cards after the discovery of data recording equipment on eftpos terminals at 23 Lucky supermarkets.
07 December 2011
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