Retrial for Chinese ATM Thief Serving Life Sentence
A Chinese court has ordered the retrial of Xu Ting who was sentenced to life imprisonment in November 2007 for stealing 175,000 Yuan (US$24,000) from a faulty ATM in the city of Guangzhou.
UK E-commerce Sales Boom
UK online shoppers spent ú15.2 billion (US$29.71 billion) in the 12 weeks to Christmas 2007, Interactive Media in Retail Group (IMRG) and CapGemini report. December 2007's sales were almost 50 per cen...
U.S. Cardholder Data Lost in New Scare
Personal information on 650,000 customers of J.C Penney and up to 100 other large U.S retailers could be compromised after a data tape was lost.
Executive Quarrel Prompts Payzone Trading Halt
Shares in Irish payments company Payzone were suspended from trading on the London Stock Exchange, after an executive quarrel reached the High Court of Ireland.
Indian Bank Launches International Debit Card
Industrial Development Bank of India (IDBI) has launched a MasterCard-branded debit card which cardholders can use worldwide. The Mumbai-based bank says that the International Debit-cum-ATM Card offer...
Holiday Sales Spike for Top U.S. e-Retailers
Total net sales and transaction volumes at 10 of the top U.S e-retailers rose by 29 percent during the 2007 year-end holiday shopping period, according to the Chase Paymentech Pulse Index.
Surge Seen In U.S. Alternative Payments
Alternative payment methods (APM) such as PayPal, Bill Me Later and Google Checkout grew significantly in 2007 and are now offered by 30 percent of the top 100 U.S online retailers, reports Brulant. <...
Payphone-ATM Use Blocked in UK Town
UK telco BT's plan to roll out hybrid payphone-ATMs across the UK has encountered an unexpected obstacle in the seaside town of Skegness. Local councillors said the location of a proposed BT payphone-...
Japanese ATM Fraud Nets 2.45bn Yen
Japanese ATMs were used to steal 2.45 billion Yen (US$22.9 million) from unsuspecting victims in a rising crime wave which police identify as a new type of bank transfer scam.
Symantec Warns on New Banking Trojan Threat
U.S Internet security firm Symantec has uncovered a new banking Trojan which steals customer data from over 400 banks worldwide.
Maestro Loses Internet Domain Name Fight
A British man has won his legal battle to hold onto the maestro.co.uk Web domain name, despite a challenge to his ownership by Maestro International, MasterCardÆs debit card scheme.
Rural UK Poorly Served, Says Watchdog Group
Rural communities in the UK suffer from a shortage of bank branches and free ATMs, says a report by the Commission for Rural Communities. The CRC is a watchdog which provides advice to the UK governme...
VeriFone Offers Videogame-quality Retail Terminals
Shoppers are promised multimedia self-service payment and information facilities by VeriFone, which launched its latest technology at National Retail FederationÆs annual conference in New York City. <...
Irish BankÆs Venture With First Data Approved
Allied Irish Banks (AIB) has won permission from the European Commission (EC) to form a joint venture with First Data.
UK Insurance Customer Data Recovered by Roadway
Banking details for 200 wealthy people were found near a UK motorway, after apparently falling unnoticed out of a courier's truck. The records were being transported on behalf of UK insurance company ...
First Hawaiian Bank Goes Contactless
First Hawaiian Bank has become the first bank in Hawaii to begin issuing contactless MasterCard PayPass debit cards.
VeriFone Launches Professional Services Organization
Payments systems supplier VeriFone is expanding its IT services with the launch of a new division known as VeriFone Integrated Systems Professional Services. The new division will expand VeriFone's ca...
Metavante Buys UK Prepaid Card Firm Nomad
U.S payments processor Metavante Technologies has paid US$58 million for London, UK-based Nomad Payments, a provider of prepaid and debit card software and processing services.
Barclays Chairman Suffers ID Fraud
A fraudster posing as the Barclays Chairman Marcus Agius stole ú10,000 (US$20,000) from the British bank after tricking staff into sending out a credit card in the executive's name.
Terror Suspects Sentenced for ATM/Card Theft
Six Tamil Tiger terrorist suspects have been sentenced in New York for stealing money from ATMs using bogus identity and credit card details stolen from people in the UK. The gang stole a total of US$...