Belgians Using E-Purse Instead of Coins
KBC and other big Belgian banks are likely to start making modest profits on the [Proton e-purse] scheme [as] the first banks ever to make money on e-purses, according to Cards International. Since Be...
Carriers' Differences Stunt mCommerce
[Mobile operators'] squabbling over the technologies on offer is the biggest problem [impeding mCommerce], argues John Fletcher, of Analysys, in that the systems of many, are incompatible. "In nearly ...
85% of Consumers Accept Biometrics
A recent US government funded survey has shown 85% of consumers would accept biometrics to improve the security of credit card transactions. 78% said they would agree with the use of biometrics in ma...
Banks Can Apply Check 21 Act As Wished
The "Check 21" Act is prompting US banks "to determine how to reduce paper check clearing costs by converting checks into images and image replacement documents (IRDs)", according to Bank Systems Onli...
Visa To Launch Its Travel Cards in China
China is the third market in the Asia-Pacific region where Visa will launch its International Travel Card, to tie in with the aim of China UnionPay to unify the country's payment systems by 2005. Visa...
PIN At The POS 'Will Be A Culture Shock'
Abbey National, the sixth-largest UK bank, will issue over 3 million PIN-based chip cards to its credit and debit customers early in 2003, in preparation for the UK's move to chip-based cards. "The id...
US Consumer Confidence Surges
Consumer confidence in using the Internet for online transactions, and in particular online financial transactions, has surged in the past year according to the Consumer Internet Barometer, a quarterl...
Non-Telco Joins Australia's mPayment Fray
Australia's two largest telcos, and the Commonwealth Scientific and Industry Research Organization (CSIRO) are battling for share of the mobile payments for parking space. CSIRO is testing an open, ap...
Project Action 'Value Proposition For Banks'
NACHA, the Electronic Payments Organization, is to deploy Phase 2 of its Project ACTION (ACH Credit Transactions Initiated Online), to enable transactions for B2C, EBPP and P2P payments. Action, set u...
Alternative Payments 'Need Added Value'
New, alternative payment mechanisms need to offer additional benefits beyond existing payment methods, IDC advises, while offering added value to "an under-served segment of the market". In a report, ...
Banks 'Not Proactive Against Identity Theft'
At least half of US banks ôtake inadequate steps to authenticate the identity of callersö, says privacy consultant, Robert Douglas, with ôbanks that donÆt use PINs or passwords, defeated almost every ...
MasterCard To Buy Redeshop Debit Label
Credit and debit cards will be accepted at 100 beach kiosks in Rio de Janeiro city, in a collaboration with Visa and local operator, Telemar, in which GSM networks will be used to send payments for pr...
Check Truncation Boosted By BofA Initiative
By 2005, the largest financial firms in the US expect over 90 per cent of all checks they process, to be imaged and stored in archives, according to Global Concepts, which Bank of America is now betti...
Quick-Serve Chains Taking To Credit Cards
Up to 25 per cent of McDonaldÆs 13,300 US restaurants will be equipped to accept credit and debit cards by 2H 2003, under a long-running program to equip its existing POS system for card payments. The...
Online Sales Predictions Revised Upwards
AnalystsÆ expectations for the 2002 US holiday shopping season have risen after strong online sales for the first three weeks of November, which Nielsen/NetRatings found to have totaled USD 4.5 billio...
Online Fraud Restricts Spain's eCommerce
eCommerce in Spain faces many challenges, not least the fact that of 7.8 million Internet users, just 1 million shop online, due to card fraud concerns and below-average Internet and PC penetration ra...
Visa, MC Start Linking To China's Networks
Beijing, Guangzhou, Xiamen and Shenzhen will this month accept overseas Visa and MasterCard credit cards after a systems integration with China UnionPay, the entity for unifying ChinaÆs payment networ...
AmEx Workers Facilitated Credit Card Fraud
American Express has fired two customer service representatives, who now face federal charges for their role in an alleged identity theft ring in which 52 AmEx cardholders were defrauded of up to USD ...
Estonia's Two Big Banks Offer M-Payments
As of November 20, customers of EstoniaÆs two largest banks, Hansabank and Uhispank, have been able to use their cell phones to initiate payments at shops and restaurants in the towns of Tallinn and T...
RIM To Wireless-Enable Trintech Terminals
Trintech Group is to use RIMÆs OEM radio modems for GSM/GPRS wireless networks in its new Compact GPRS POS terminal, which is aimed at general retailers and wireless carriers offering prepaid services...