Malaysia's Banks Tackle Card Skimming
Four MasterCard member banks in Malaysia, namely Citibank, HSBC Bank Malaysia, MBf Cards and Southern Bank, are to deploy MagTek's Magneprint, to reduce credit card skimming within the country. Master...
Europe To Lead Global E-Tail In Q4 2002
Europe will account for the lion's share of global online spending in Q4 2002, at USD 15.77 million, versus North America's USD 15.66 billion, and Asia-Pacific's USD 3.32 billion, according to Gartner...
Barclaycard, Bank Team On Chip-And-PIN
Barclaycard UK, Europe's biggest card issuer, believes its chip-and-PIN migration will be helped in that two-thirds of its cardholders are Barclays [Bank] current account holders, who already know the...
Stena Integrates Payments With Netgiro
Stena Line has assigned e-payments provider, Netgiro, to handle all credit card and local debit card transactions originating from ticket sales at call center or Internet sales channels in all of its ...
Authentication Is 'Crucial' To mCommerce
While "payments have always been a barrier to mCommerce", argues Dave Birch, of Consult Hyperion, they "are only one aspect", with "the other crucial element of infrastructure being identity managemen...
Asia's Prepaid Mobile Key To Critical Mass
With prepaid mobile services emerging as the dominant payment method for subscribers in southeast Asia, "operators cannot afford to write off [such] subscriptions as low-value", Asian Mobile News advi...
Bankas Snoras To Issue MULTOS Cards
Vilnius, Lithuania-based bank, AB Bankas Snoras, is to issue over 100,000 Multos cards with e-purse and MasterCard M/Chip applications in three currencies, in a drive to improve its retail banking ser...
Jupiter Bullish On Growth Of Online Banking
Online banking adoption will grow 4 to 6 per cent annually to 2007, and will reach more than 50 per cent in that year, when over 89 million US households will use the Internet, according to Jupiter Re...
Visa To Offer Voice Recognition Solutions
Visa International has teamed with voice solutions provider, Vocent, to develop voice authentication technology for use with credit cards, under its vision of 'u-commerce', or commerce anytime, anywhe...
Lithuanian Carriers Pushing SMS Payments
Lithuanian wireless carriers, Omnitel, and Bite GSM, have teamed with the Vilnius Parking Company to promote SMS payments for parking in the towns of Vilnius and Kaunas. Contract subscribers of Omnite...
GE, Citigroup Include E-Wallet On Chip Card
Citigroup has teamed with General Electric's Consumer Products Division to issue a co-branded MasterCard whose chip contains applications for a digital wallet and loyalty program. Cardholders wanting ...
Telstra 'Is Nearing' A mPayment Standard
Australian carrier, Telstra, has almost reached a common standard for mobile payments after discussions with the major banks and mobile carriers over the past 12 months. Telstra's approach is that cel...
Mobile Banking Gives Retail Banks An Edge
Retail banks will miss out on a strategic opportunity if they bail out of investments in wireless interfaces, Deloitte Consulting advises, and "the [current] reversal on wireless is a strategic mistak...
E-Tailers 'Need' Transparent ePayments
Secure eCommerce is an issue for small e-tailers, who face chargeback processing costs of USD 75 to USD 100, or 8 to 10 times what POS merchants pay, and large e-tailers, who pay high interchange rate...
Wells' PayPal Deal 'Validates' P2P Model
While Wells Fargo CEO, Richard Kovacevich, sees dominance in payments, online and off, as a strategic initiative for growth, Wells' Internet payments division expects a revenue increase of 21 per cent...
India's First Prepaid Gift Card Launched By Bank
IndiaÆs IDBI Bank has teamed with Visa International to launch the first prepaid gift card in the country, which can be used at over 50,000 establishments in place of paper gift vouchers or certificat...
Banco do Brasil Promoting Online Services
Brazil's Banco do Brasil (BB), the largest bank in terms of assets, aims to increase its customers' use of electronic media to 50 per cent of all consultations this year, up from 8 per cent one year a...
Auctions To Help Main E-Tailers Boost Sales
Online auction sales are predicted to total USD 54.3 billion, or 25 per cent of US online retail sales by 2007, reflecting a 33 per cent CAGR from this year's USD 13 billion, according to Forrester Re...
Issuers Slow To React To Online Card Fraud
Card issuing banks do not react quickly enough to online fraud, says Dan Clements, of CardCops, with 120-day lags between reporting a card's fraudulent use, and its cancellation by an issuer, not unco...
Visa Now 'An Electronic Payment Company'
Visa is in the process of changing its strategy, with CEO, Carl Pascarella, telling Forbes, "Our goal now is to displace cash and checks - we're not a credit card company, we're an electronic-payment ...