Eftpos

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Police arrest third suspect in Chip and PIN crime probe

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Police arrest third suspect in Chip and PIN crime probe

Police in the UK have arrested a third man, believed to be the engineering brains behind a sophisticated programme to read and transmit customer PINs as they are entered at compromised Chip and PIN terminals in retailer check-outs.

ANZ to launch pre-paid Visa payWave card

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ANZ to launch pre-paid Visa payWave card

ANZ Bank will use the upcoming Tri Nations rugby union match between Australia and New Zealand to launch a reloadable pre-paid contactless Visa card.

Citi launches Octopus credit card in Hong Kong

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Citi launches Octopus credit card in Hong Kong

Citi is launching a combined contactless Octopus travel and credit card in Hong Kong.

ICBC launches China's first dual-interface Visa EMV card

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ICBC launches China's first dual-interface Visa EMV card

The Industrial and Commercial Bank of China (ICBC) has begun issuing customers with the country's first dual interface Visa cards for contact-based and contactless payments.

RBS trials MasterCard PayPass in London black cabs

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RBS trials MasterCard PayPass in London black cabs

The Royal Bank of Scotland (RBS) is piloting MasterCard's PayPass contactless payments technology in London black cabs.

Turkey's Bank Asya launches MasterCard contactless toll card

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Turkey's Bank Asya launches MasterCard contactless toll card

MasterCard has partnered Turkey's Bank Asya to launch a chip and PIN contactless card which can be used to pay tolls on the country's roads and bridges.

UK study highlights fraud fears over contactless cards

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UK study highlights fraud fears over contactless cards

Over three quarters of Brits fear the introduction of contactless payment systems will leave them exposed to fraud, according to a new survey.

Altair unveils pre-paid contactless PayPass wrist watch

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Altair unveils pre-paid contactless PayPass wrist watch

UK pre-paid card outfit Altair Financial Services has unveiled a wrist watch featuring MasterCard's PayPass contactless payments technology.

Ingenico takes stake in Chinese eftpos vendor Fujian Landi

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Ingenico takes stake in Chinese eftpos vendor Fujian Landi

French eftpos outfit Ingenico has acquired a 55% stake in Chinese payments systems vendor Fujian Landi for EUR11 million in cash.

Dutch supermarket pilots fingerprint payments

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Dutch supermarket pilots fingerprint payments

Dutch supermarket chain Albert Heijn is teaming with European payments processor Equens to test fingerprint scanning technology as an alternative to card and cash payments at the check-out.

Gemalto reports Italian transit ticketing deal

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Gemalto reports Italian transit ticketing deal

European smart card vendor Gemalto says it is teaming with Italy's Telecom Italia Mobile (Tim) to develop a contactless payments system that enables passengers to use their mobile phones to pay for journeys on public transport.

EBAday to focus on corporates' role in the future of European payments

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EBAday to focus on corporates' role in the future of European payments

More than 400 representatives from banks and 200 leading corporates will convene at the Marina Congress Centre, Helsinki, on 25-26 June to look beyond the practical compliance requirements of operating in the single euro payments area and deal with the strategic questions that banks and corporates must address together if they are to prosper.

First Data takes 50% stake in Eufiserv processing unit

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First Data takes 50% stake in Eufiserv processing unit

US e-payments outfit First Data is acquiring a 50% equity stake in the interbank processing unit of Europe's Eufiserv as it looks to cash in on the opportunities provided by the single euro payment area (Sepa). Financial details of the deal were not disclosed.

Aconite reports Visa Europe contract

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Aconite reports Visa Europe contract

Visa Europe has selected UK smart card specialist Aconite to provide technology to support the development of its new payWave pre-paid card.

MasterCard rolls out mini PayPass cards in Spain

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MasterCard rolls out mini PayPass cards in Spain

MasterCard is teaming with Spanish banking groups La Caja Insular de Ahorros de Canarias and EURO 6000 to trial a miniature version of its contactless PayPass card, which is small enough to attach to a keyring.

Cards and m-payments to speed demise of cheques - Visa

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Cards and m-payments to speed demise of cheques - Visa

The demise of cheques in Western Europe is set to accelerate over the next few years, with around 60% of retailers no longer accepting them by 2015 as electronic cards and mobile payments gain in popularity, according to research commissioned by Visa.

Danske glitch wipes out Northern Bank, National Irish and Sampo ATMs

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Danske glitch wipes out Northern Bank, National Irish and Sampo ATMs

Danske Bank says a glitch with its IBM-managed payments network resulted in customers of its subsidiaries in three countries being unable to use their cards to withdraw money from cash machines.

Barclaycard steps up contactless card roll out

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Barclaycard steps up contactless card roll out

Barclaycard says it plans to issue over a million contactless payment cards across the UK this year.

Verifone CFO quits after accounting probe

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Verifone CFO quits after accounting probe

Verifone says its chief financial officer (CFO) Barry Zwarenstein has quit the company following an accounting probe that found the US eftpos vendor had massively overstated its operating profit for the first nine months of 2007.

WaMu rolls out MasterCard PayPass debit cards

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WaMu rolls out MasterCard PayPass debit cards

US bank Washington Mutual (WaMu) says it will issue up to 15 million debit cards featuring MasterCard's PayPass contactless technology to customers in 2008.

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