MasterCard World Cup Bid Under Review
MasterCard's future sponsorship of the FIFA (Federation Internationale de Football Association) World Cup is once again in question after a United States Court of Appeals questioned an earlier court j...
Electronic Payments to Double In India
Electronic transactions are expected to double in India over the next three years, due to concerted efforts by the Reserve Bank of India (RBI), the country's banks and merchants to encourage electroni...
Chinese Bank Accelerates Card Target
Industrial and Commercial Bank of China (ICBC), China's largest state-owned lender, expects its total credit cards in issue to reach 20 million by the end of 2007.
Pensions to Pay Out from ATMs
A new product will allow Australian retirees to use ATMs for withdrawing funds from tax-free cash management pension accounts. The product links ING Australia's new OneAnswer pension plan with Austral...
One-in-Three Brits Bank Online
Over a third (37 percent) of UK adults now use Internet banking services, according to a survey by Nationwide Building Society.
Decrease Seen in Australian Card Fraud
The amount of Australian credit and debit card fraud is showing a slight decrease, according to the Australian Payments Clearing Association (APCA), the domestic payments industry's self-regulatory bo...
Biometric ATMs On the Move in India
India's Andhra Bank is rolling out mobile ATMs that read customersÆ fingerprints in an effort to provide banking services to illiterate or semi-literate consumers.
Canadian Tire on Track for Chip-and-PIN
Canadian Tire, one of Canada's largest retailers, says that all 468 of its Canadian Tire Retail-branded stores will be ready to accept MasterCard EMV chip-and-PIN cards by the end of 2008.
UK Online Sales Boom
The growth in broadband Internet access has driven UK online sales to a five-year high, according to Verdict Research.
Cellphones Secure Card Transactions
Telsecure, a UK technology firm, has launched a system which enables cellphones to be used to authenticate cardholder-not-present (CNP) Internet, mail order and telephone transactions.
Indian Banks to Offer ATM Fund Transfers
Six Indian banks plan to offer fund transfer services via ATMs which are connected to the Mitr shared ATM network, the Business Standard reports.
Prepaid Cards to Ease Insurance Payouts
Alliance & Leicester Commercial Bank (A&L) has teamed up with prepaid card issuer Money Card to launch a range of Visa prepaid cards for the insurance industry.
Clear2Pay Enters Chinese Market
Clear2Pay, the Belgium-based payment software vendor, has set up its first office in China.
Verizon to Acquire Cybertrust Security Firm
Verizon Business, a unit of U.S telco Verizon Communications, has signed an agreement to acquire privately-held information security firm Cybertrust. Financial terms for the acquisition, which is expe...
UK Upstart Challenges Visa, MasterCard Contactless
sQuidCard, a start-up company, is planning to launch a 'tap-and-go' card this autumn which will provide a rival to contactless Visa- and MasterCard-branded cards in the UK.
ATM Usage Doubles in UK Since 1996
Over the last 10 years, there has been a major shift in the way that UK consumers obtain cash, according to a study from UK payments association APACS. The report says that the proportion of cash dema...
One Cent Deposit Opens Bank Accounts to Fraudsters
The U.S Air Force News has issued a warning about a new type of banking fraud, the '1-cent deposit' scam which makes unauthorized debits to bank accounts.
U.S. Online Banking Outpacing Other Channels
The adoption of online banking by U.S consumers is outpacing growth rates for every other retail banking delivery channel, including ATMs and call centers, TowerGroup says. Online banking is becoming ...
One in Ten Brits Miss Credit Card Payments
Ten percent of UK consumers have missed making repayments on credit cards, store cards, loans or mortgages, according to a survey by consumer credit firm Experian. In addition, almost one in 10 (9 per...
Europay Austria to Accept China Unionpay
Austrian acquirer Europay Austria Zahlungsverkehrssysteme has signed an agreement with China Unionpay (CUP), the operator of China's national bank card scheme. The deal calls for Europay Austria to ac...