Latest Payments News: Finextra Research

Visa issues UK Internet shopping gift card

Visa is looking to cash in on the festive season with the launch of the UK's first Internet shopping pre-paid gift card.

25 November 2008

/payments

European Central Bank calls for 'urgent' action on Sepa

The European Central Bank has called for an overhaul of governance and management of the European Payments Council in its latest report on impediments to the creation of a Single Euro Payments Area (Sepa).

24 November 2008

/payments

PayPal introduces SMS-based authentication

Person-to-person online payments outfit PayPal has introduced an optional SMS text message-based two factor authentication system for customers logging into their accounts.

24 November 2008

/payments

Continental Europeans less trusting of online banking security - survey

The PayPal Global Trust and Safety Report, which surveyed 6,000 online users from the US, Canada, France, Germany, Spain and the UK, found that 56% of Americans, 53% of Canadians, and 49% of those in the UK feel their bank's online service is very secure. Continental European countries are less trusting of online banking security, with only 38% of the Spanish, 34% of the French and just 14% of Germans feeling their bank's online service is very secure.

21 November 2008

/payments

PayPoint earnings up as it launches cash payments service for Web shopping

The online arm of UK retail payment terminal provider PayPoint has launched a new service it calls Cash Payments, which offers consumers the option of receiving a printable 19-digit reference number and barcode after 'buying' online, which they take to their nearest PayPoint terminal and pay cash for their order.

21 November 2008

/payments

International ATM skimming network busted

European authorities have dismantled an international ATM skimming network, arresting 15 people.

21 November 2008

/payments

SIMalliance forms NFC working group

SIM card industry association, SIMalliance, has formed a near field communications (NFC) working group to promote its role in contactless mobile phone payments.

21 November 2008

/payments

Virtual world assets are 'soft target' for cybercriminals - ENSIA

The failure to recognise the importance of protecting real-money value locked up in multiplayer online games and virtual worlds has led to an escalation in world fraud that threatens one billion users globally, says the European Network and Information Security Agency.

20 November 2008

/payments

UK SMS-based coupon remittance service for Zimbabweans goes global

Mukuru, an inflation-busting SMS-based coupon remittance programme for ex-pat Zimbabweans living in the UK, is expanding globally through an alliance with e-payments outfit Moneybookers.

20 November 2008

/payments

SmartStream and Pegasystems move more development work to India

SmartStream Technologies is to expand its offshore development capability by relocating to a larger development centre in Mumbai. The opening of the facility coincides with the establishment by Pegasystems of its first R&D centre in Hyderabad.

20 November 2008

/payments

PayPal extends global reach

Person-to-person online payments outfit PayPal has launched localised sites in Mexico, Hong Kong and Singapore, enabling customers to conduct transactions in their local currencies.

20 November 2008

/payments

EDS and Cubic cling on to Oyster contract

Transport for London (TfL) has selected Cubic Transportation Systems and EDS to run the capital's pre-paid contactless travel card system in a deal that sees the Oyster brand retained.

20 November 2008

Latest news