Value-Add Contactless Spec Published
The Smart Payment Association has published the first version of its contactless card multi-application data storage specifications. The announcement was made by the interoperability standards body at...
Safeway Installs Gear for the Visually Impaired
U.S supermarket chain Safeway has started installing equipment to protect the privacy and security of customers with visual impairments.
Metavante Launches Prepaid Billpay Program
U.S financial software firm Metavante has launched a service which provides bank-sponsored Internet bill payment to consumers using prepaid debit cards.
Kreditkort Upgrades EMV Cards Post-Issuance
Kreditkort, an Icelandic card issuer, has launched Europe's first service allowing EMV cards to be updated post-issuance with MasterCard's Chip Authentication Program (CAP) security system. The servic...
Merchant Link Launches Card Data Storage Service
Merchant Link has teamed up with MICROS Systems to launch TransactionVault, a system that tackles the problem of safeguarding consumers' personal data at merchant locations. TransactionVault complies ...
UK Card-not-present Fraud Up 5 Percent
Overall payment card fraud in the UK fell by 5 percent in the first six months of 2006 compared to the same period last year, says UK payments association APACS.
ID Theft in UK Increasingly Organised
Organised gangs of criminals are increasingly moving into identity theft in the UK and obtaining most of their information online, warns a report from Garlick, a London-based consumer information secu...
VeriFone, Radiant Team Up for Table Payments
VeriFone has integrated its On The Spot mobile payment system with Radiant Systems' Aloha point-of-sale system. The two firms say they will work together to market the combined system, which allows pa...
Bank of America Launches Contactless Trial
Bank of America is to launch a trial of contactless payments at its offices in Wilmington, Delaware this week. "We expect to issue up to 504 cellphones that are enabled for contactless payments and 50...
First Data Sells Easycash Unit
U.S processor First Data says it is to sell Easycash, its German merchant acquirer subsidiary, to investment firm Warburg Pincus. The purchase price has not been disclosed.
MasterCard Launches European Prepaid Travel and Gift Card Programs
MasterCard is promoting the use of prepaid cards in Europe with the launch of two new programs, the MasterCard Gift Card and the Prepaid MasterCard Travel Card.
VeriFone Completes Lipman Acquisition
VeriFone completed its USD793 million acquisition of Israeli point-of-sale systems vendor Lipman Electronic Engineering on November 1. The acquisition was originally announced in April 2006.
CreditCall Joins PCI Council
Payments processor CreditCall says it is the first non-bank in the UK to join the PCI Security Standards Council. It follows the UK's Royal Bank of Scotland, which has also joined the Council, along w...
Wal-Mart, GE to Launch Chinese Credit Card
Wal-Mart, GE Money and Shenzhen Development Bank (SDB) have launched a co-branded credit card in China to take advantage of the country's fast-growing credit card market.
First Data Launches Small Business Services
First Data has launched a suite of services and software tools for small and mid-sized businesses. The package, which includes a POS terminal and high-speed Internet payment processing, is being marke...
3V Launches UK Online Visa Vouchers
3V Transaction Services is bringing online shopping to British people who don't have a credit or debit card. The Dublin, Ireland-based company has launched prepaid debit vouchers in the UK which can b...
Coinstar to Use Star Network for Cash Deposits
Coinstar, the U.S self-serve coin counting company, has signed a deal to use processor First Data's Star Network for its new Direct Coin Deposit service. Coinstar says customers of U.S. banks and cred...
Asia-Pacific Ahead of North America in Total ATM Installations
The Asia-Pacific region is the largest ATM market in the world, ahead of North America, according to London, UK-based Retail Banking Research (RBR).
TNS Provides Dial-up POS Network Access for Fastlane
Transaction Network Services (TNS) will provide dial-up POS network access throughout the U.S for Fastlane Secure Payments, a firm that allows consumers to pay by swiping a driver's license or similar...
Consumer Fears May Limit U.S. Holiday Online Shopping
Fear of identity theft, spyware and spam will limit online shopping in the U.S this holiday season, according to TRUSTe, an online privacy certification company.