UK Economic Downturn Spurs Return to Cash
UK consumers are increasingly reluctant to spend money they donĘt own, and are turning back to cash, the British Retail Consortium (BRC) says. A survey by the retail association shows that, despite UK...
European Banks Plan Alternative to Visa, MasterCard
Major French and German banks are studying the feasibility of a pan-European card system to rival Visa and MasterCard, according to the French Banking Federation (FBF).
Brazilian Cards Migrated to U.S. Processing Platform
Fidelity National Information Services (FIS) has converted 5 million credit cards issued by Brazil's Banco Real to a card processing platform operated by its Brazilian subsidiary Fidelity Processadora...
Canada Chip Card Trial Seeing Success at Midpoint
Canada's first trial of EMV chip-and-PIN cards has had positive results so far, according to the Canadian payments card industry. Participants in the trial in Kitchener-Waterloo, Ontario, say it is pr...
Dutch Highest Adopters of Web Banking
Internet banking is a huge success in the Netherlands, according to a study by Forrester Research. Two thirds (68 percent) of Dutch consumers now bank online, the highest adoption level in Europe, the...
VeriFone Launches Payment Systems for Small Merchants
VeriFone is launching a dual-use payment system for both consumer and clerk operation, as well as a software system for using PCs to manage customers' payment data securely.
E-Banking Security Devices Supplier Goes Direct to Consumers
Vasco Data Security International is selling its online authentication devices direct to end users with the launch of its Digipass for Retail division. Its previous business model involved selling the...
SEC Targets Mystery Online Traders Using Stolen IDs
The U.S Securities and Exchange Commission (SEC) has filed a complaint against fraudsters who used stolen identities to trade shares and manipulate stock prices.
Lithuanian Supplier Wins Order from IndiaÆs ICICI
Lithuanian IT company Penki Kontinentai Group has won an ATM software contract from ICICI, the second largest Indian bank. PenkiĘs Banking Technologies (BS/2) subsidiary will supply ICICI with 2,000 u...
Accullink Buys Internet PIN Debit Patents
Accullink has bought 25 global patents from Pay by Touch which provide the basis for a software-only system for PIN-based Internet debit card payments.
Convenience ATMs First for New Zealand
New Zealand processor Paymark has teamed up with NZ ATM and ATM Plus to launch the countryĘs first pilot of convenience ATMs. These are ATMs that are not owned by a bank, and charge a fee for transact...
First Latin American Mall Prepaid Card Launched
NovoPayment, a Latin American prepaid card issuer, has teamed up with Venezuela's Sambil Malls Group to launch the Sambil Visa Gift Card.
VeriFone Says System Keeps Breached Data Safe
VeriFone is launching a product to help retailers protect customer card data in the event of a network breach. The company has launched a software and hardware suite, known as VeriShield, which encryp...
Websites Complementary to Bricks-and-Mortar
Contrary to suggestions that retail Websites may soon prevail over bricks-and-mortar stores, these two channels are likely to perform complementary roles, Visa Europe says.
Citi Pilots Obopay Mobile Payment Service
Citibank is offering a mobile person-to-person payment service to its U.S checking account customers on a trial basis. The service is being provided by Redwood City, California-based m-payments firm O...
VeriFone Wins Colombian Orders
VeriFone says it has sold 18,700 payment systems to Colombia's Credibanco since November 2007. The shipments are in addition to the 9,000 systems which VeriFone sold to Credibanco in June 2007.
Citi Launches Settlement Service for Foreign Exchange
Citigroup has launched a domestic settlement service for interbank foreign exchange (forex) trades. Developed for use by central banks in developing markets, Citi's Domestic Settlement Service is desi...
Discover Goes Global with Diners Network
Discover Financial Services is expanding its payment card network with the acquisition from Citi of the Diners Club International Network.
U.S. Adults Leery of Online Security
Banks and other e-commerce providers have a long way to go to build consumer trust in the online channel, according to a survey of 1,000 U.S. adults by Gemalto.
Barclaycard Expanding UK Contactless Rollout
Barclaycard plans to issue 1 million contactless credit cards in the UK by the end of 2008. The issuer also aims to increase the number of retailers equipped with its OneTouch contactless point-of-sal...