First Data Invests in Mobile Payment Firm
U.S processor First Data has invested in ViVOtech, a Santa Clara, California-based provider of contactless and Near Field Communication (NFC) payment systems. First Data is the lead investor in ViVOte...
Report says Time is Right for Contactless in U.S.
The fast-paced American lifestyle will push the number of contactless smartcards in circulation in the U.S to 109 million by 2011 from 27 million in 2006, according to Packaged Facts. This represents ...
Cellular South Launching M-Payment Trial
U.S mobile operator Cellular South is to launch a consumer trial of Obopay's wireless wallet and person-to-person payment service.
Pakistan Plans Card-Based Money Transfer
The Pakistan government's National Database and Registration Authority (NADRA) has started work on a money transfer scheme targeted at low-income consumers.
Florida Bill Would Ban Gift Card Expiry and Fees
The Florida Legislature has approved a bill to ban expiration dates and dormancy or maintenance fees which erode the value of gift cards and gift certificates. The bill was passed by the House on May ...
Barclaycard Plans Visa, Transport Combo Contactless Card
Barclaycard is to launch a combined transit card and Visa payWave contactless credit card this September. The UK issuer says it has completed technical trials and is working with retailers to ensure P...
UK ATMs Sell Flowers and Print Photos
UK-based technology firm Felix Group has started rolling out versions of its Max Box hybrid ATM-kiosks across the UK.
Chase Paymentech Expands In Europe
Chase Paymentech says it is planning a major expansion of its European operations in preparation for the launch of SEPA. The U.S.-based merchant acquirer has appointed Shane Fitzpatrick as European Un...
Analyst Says M-Banking Appeal Limited
New York-based consultancy JupiterResearch has sounded an alarm about U.S banks' recent moves to offer mobile banking services to their customers. Over the last few months, major banks such as Bank of...
UK Firms Offer SEPA Test Services
Two UK firms are offering a test facility for financial institutions wanting to prepare for the introduction of SEPA.
Italians Launch Chip-and-PIN-Only Debit Cards
Five Italian banks are to combat fraud and promote cross-border payments by issuing Visa V Pay chip-and-PIN-only debit cards. As the cards do not include a magnetic stripe, they are protected from cou...
Swiss Banks Roll Out Dynamic Passcodes
Two Swiss banks, PostFinance and Cornèr Bank, are rolling out dynamic passcode authentication services to all their Internet.
Bank of America Enters Chinese Credit Card Market
Bank of America (BofA) is the latest foreign bank to enter the Chinese credit card market, following a deal with China Construction Bank (CCB) to launch a jointly-owned credit card business in China. ...
U.S. Venture Firm Invests in Vietnam M-Payments
U.S-based venture capitalist International Data Group Ventures (IDGV) says it plans to take an equity stake in VinaPay, a Vietnamese m-payment services firm.
U.S. Banks Sue TJX Over Breach
The Massachusetts Bankers Association (MBA) has filed a class action to recover damages in the ôtens of millions of dollarsö from TJX for the cost of replacing compromised bank cards.
Visa Announces payWave Contactless Brand
Visa has announced Visa payWave, the new global brand name for the card scheme's contactless payments technology. Visa says it is now planning a consumer awareness campaign to promote Visa payWave.
Visa Signs Swedish Processing Deal
Visa Europe has signed an agreement with Nordea and Swedbank to take over the processing of Swedish Visa domestic POS and ATM authorization transactions between the two banks.
Xiring Certified for UK Remote Card Authentication
French security technology firm Xiring has received certification from UK payment association APACS for its Xi-Sign 4000 remote card authentication unit. XiringÆs portable EMV chip card reader and PIN...
European Payment Services Directive Moves Forward
The European Parliament has adopted the Payment Services Directive (PSD), a legal framework which aims to reduce the cost of cross-border payments throughout the European Union.
Altair Offers Prepaid Card Top-Up Via TXT
UK prepaid card processor Altair Financial Services International has launched a service that enables customers to top up their prepaid cards via cellphone SMS text messages.