Brits Donations by Card Top ú1bn
UK donations to charity by plastic card rose to ú1.013 billion (US$2.028 billion) in 2007 from ú842 million in 2006, says APACS. This is the first time donations on plastic have gone through the ú1 bi...
UK Anti-Terror Effort Seeks Travel Card Data
In a bid to fight terrorism, the UK Security Service MI5 is seeking access to the travel records of millions of citizens using smart travel cards such as London's Oyster card, the Observer reports.
Mobile Payments Appeal to Launderers, U.S. Agency Warns
Criminals are likely to use mobile payments systems to launder money and finance terrorism, the U.S Bureau of International Narcotics and Law Enforcement Affairs warns. The warning is given in the 200...
U.S. Consumers Leery of M-Banking Security
Security concerns are hampering the growth of the U.S mobile banking and commerce market. Two-thirds (66 percent) of U.S consumers surveyed by Harris Interactive said they are concerned about using th...
Barclaycard Launches Prepaid Store Cards
Commercial card issuer Barclaycard Business is offering UK merchants prepaid cards. The Barclays Bank subsidiary has launched a service known as Prepaid Solutions which uses existing Barclaycard Busin...
Jump in Overseas Fraud Pushes up Losses on UK Cards
Total UK payment card fraud losses rose by 25 percent in 2007 to ú535.2 million (US$1.08 billion), says UK payment association APACS. The main reason for this increase was the 77 percent rise in fraud...
Canadians Launch Retail Fraud Prevention Effort
The Bank of Canada, in collaboration with Canada Post, the RCMP (Royal Canadian Mounted Police) and the country's payment schemes, has launched a retail fraud prevention campaign.
JCB in Thai Card Deals
JCB, the Japanese credit card company, has signed licensing deals with two Thai financial institutions, Kasikornbank and Krungthai Card (KTC).
No-Contact Football Payments for Manchester City
Europe's first pilot program for combined contactless season tickets and payment cards is to be launched at Manchester City Football Club's (MCFC) stadium.
UK Banks Told to Prioritize Risk Management
The UK's Financial Services Authority (FSA) is warning banks to pay more attention to risk management as volatile market conditions continue.
Mobile Banking Seen Evolving to Basic Service
Mobile banking will finally emerge as a basic, necessary service for U.S banks in 2008, says TowerGroup. Increasingly, U.S. banks are recognizing that offering m-banking services can help them to reac...
Amex Clears Oberthur for Card License
France's Oberthur Technologies will manufacture clear payment cards under license from American Express. Oberthur's license allows it to produce payment cards using the same patented technology incorp...
Payments Fraud Worries U.S. Financial Professionals
Payments fraud continues to be a major problem for U.S corporate treasury and finance professionals, says the Association for Financial Professionals (AFP).
Online Brits at Risk to Tune of ú361bn
UK Internet users are putting up to ú361 billion (US$726 billion) at risk by sharing personal data on Websites that are either insecure or poorly protected, according to a survey carried out for the U...
Japanese, Swedish Banks Opt for Digipass Authentication
Oakbrook Terrace, Illinois-based Vasco Data Security International has announced two major contract wins for its hardware-based authentication technology.
Secure Identity Systems (SIS) is planning to offer U.S card issuers cellphone location technology as an extra tool to combat ATM and POS fraud. Brentwood, Tennessee-based SIS, which specializes in ID ...
U.S. Consumers Adopting æNon-PlasticÆ Online Payment
Consumer acceptance is driving the adoption of alternative payment methods by U.S e-retailers, according to a Forrester Research survey.
UK Alternative Payment System Debuts
eWise Systems has launched a new type of online payment service in the UK. The firm says its eWise Network is intended to help protect online customers from fraud and also reduce e-merchants' transact...
ATM-Robbing Poker Players Face Prison
Two British poker players are facing prison sentences after stealing ú150,000 (US$302,272) from ATMs to fund a gambling spree in Las Vegas, Nevada.
Citi in Mobile-Finance Venture with Korean Telco
Citigroup and Korea's SK Telecom have launched Mobile Money Ventures, a joint venture which will develop mobile financial services for consumers around the world.