UK Police Hunt for Web Bank Heist Gang
Police in the UK are looking for a gang of Internet robbers who took over the bank accounts of at least 10 people and stole hundreds of thousands of pounds from their accounts.
NCR Kiosks Enable Credit Union Branch-Sharing
NCR has launched a service that gives members of one credit union full access to their accounts when using another credit union's ATMs and self-service banking kiosks.
U.S. Holiday e-Shopping Up 20 Percent
U.S online holiday retail sales will be worth over US$39 billion in 2007, predicts JupiterResearch, a New York-based consultancy. Online holiday shopping will be up 20 percent on last year's holiday s...
TJX Data Breach Card Count at 94 Million
Around 94 million Visa and MasterCard accounts may have been exposed to fraudsters in the security breach at U.S-based retailer TJX. This figure is more than double the number of cards that were previ...
Online Robbery Heading Up for the Holidays
As the holiday e-shopping season gets off to a brisk start, the growth in online theft is outpacing the growth in consumers' online shopping.
Mobile Payments Firm Raises $15m
U.S mobile banking and payments technology firm mFoundry has raised US$15 million in a Series C funding round. Motorola's venture capital arm Motorola Ventures led the round, which included PayPal, NC...
Global Remittances Top $300 Billion
Migrant workers sent home over US$300 billion to developing countries in 2006, the International Fund for Agricultural Development (IFAD) and the Inter-American Development Bank (IDB) say.
UK Railway Operator Testing Mobile Ticket Sales
Chiltern Railways, a UK transit operator, has launched a trial of a system that allows passengers to buy and display train tickets on their cellphones. The trial, which involves 50 passengers, uses te...
Indian Railways Putting ATMs On Trains
Indian Railways, the country's national railway operator, plans to install ATMs in its trains.
ATM Motors Around Rural India
In a bid to reach the illiterate, unbanked population of rural India, Canara Bank has launched a trial of a mobile biometric ATM. The cash machine, which is supplied by NCR, offers fingerprint authent...
Australian Firm Links ATMs to GSM Networks
Symstream Technology Group has developed a wireless networking technology that enables ATMs to use GSM (Global System for Mobile Communications) connections.
Schwarzenegger Terminates Payment Security Bill
California's Governor Arnold Schwarzenegger has vetoed a bill that would have required Californian retailers to use a series of payment card transaction data security and protection methods.
Indian Bank Expanding ATM Network
Kerala-based Catholic Syrian Bank says it wants to expand outside its home state and become a pan-Indian bank. In support of this goal, it plans to open new branches in states such as Tamil Nadu, Karn...
Payzone, HSBC Offer UK Card Transactions
Payzone, a cashless bill payment company, has teamed up with HSBC UK to enable its terminals to accept credit and debit card payments.
Korean M-Payments Firm Targets U.S. Operators
South Korea's Mobilians Co Ltd has launched a subsidiary in the U.S to market its mobile payments technology to cellphone operators. The system offered by the new company, Mobilians International, wil...
Asian Banks Increasing Funds to Counter Money Laundering
Asian banks will increase their spending on anti-money laundering (AML) systems by an average of 39 percent year-on-year in 2008, Financial Insights says. The U.S. consultancy is basing its forecast o...
Majority of UK Bank Phishing Efforts From U.S.
The U.S is the main base for criminals using e-mails to steal financial information from British consumers, says UK anti-spam company ClearMyMail. These criminals send out phishing e-mails to trick re...
Cardtronics IPO Could Raise $114M
Cardtronics, a U.S-based independent ATM operator, says it plans to sell 16.7 million shares in an initial public offering (IPO). Based on a price per share of US$15, Cardtronics expects to raise arou...
Western Union in Mobile Money Transfer Pact
Western Union and the GSM Association (GSMA) are developing a commercial and technical framework that telcos can use to roll out mobile cross-border money transfer services. These services will enable...
VeriFone Launches Bluetooth Wireless Payment Device
VeriFone has launched a Bluetooth version of its Vx 670 handheld wireless payment unit.