Payment Security
November is card fraudsters' favourite month
October 31, 2014 - As November approaches, data science company Feedzai is warning that the month is the fraudsters' favourite, when both card-present and card-not-present crime spike.
Millennials and high earners drive North American adoption of mobile money and digital currencies
October 30, 2014 - A significant proportion of North Americans - 40% - have used their smartphones to make payments at merchant locations, up from just 16% two years ago, according to an Accenture survey.
Half of US POS terminals to accept chip cards by end of 2015
October 17, 2014 - Nearly half of US merchant terminals will accept EMV chip card payments by the end of next year, according to a trade body set up to push the migration from magstripe plastic.
Fed sets up tokenisation work group
September 25, 2014 - The Federal Reserve Bank of Boston is to set up a working group to tackle the interoperability and technology challenges of using digital account tokens to replace card numbers for online and mobile purchasing.
Bank spend on innovation set to soar
October 29, 2014 - Financial institutions the world over are raising their innovation spend significantly in a desperate attempt to fend off the threat to the established hegemony from technology companies, telcos, and emerging startups, according to fresh data from Efma.
Obama signs chip and PIN executive order
October 17, 2014 - US president Barack Obama has signed an executive order mandating the use of chip and PIN technology at executive departments and agencies for card payments.
Tech-savvy generation of business leaders to shape payments landscape in 2020
September 22, 2014 - The next generation of tech-savvy entrepreneurs and business leaders is transforming the global payments market according to a new report, Global Payments 2020: Transformation and Convergence, from BNY Mellon, a global leader in investment management and investment services.
Nordea to take EUR344 million IT charge as core platforms are upgraded
October 22, 2014 - Nordea Bank is to take a EUR344 million impairment charge on its current IT systems as it embarks on a major project to rip and replace its core banking and payments platforms.
Russian faces further counts in POS hacking case
October 10, 2014 - A Russian man accused of hacking into point-of-sale terminals and selling stolen card data on online forums has had a batch of new charges thrown at him ahead of his trial in a US court next month.
The Payments & Cards Network Expanding in Asia
September 11, 2014 - The Payments & Cards Network, the leading name in Payments & eCommerce recruitment is growing in Asia. Carolina Mac is the latest consultant to join the network and will be responsible for the APAC region.
EBA publishes consultation paper on internet payments security
October 20, 2014 - The European Banking Authority (EBA) published today a consultation paper on the implementation of its Guidelines on the security of internet payments.
MasterCard unveils tool to tackle cyber threat
October 2, 2014 - With the huge data breaches at Target and Home Depot fresh in the memory, MasterCard has launched a tool designed to protect against cyber attacks on banks and processors.
Visa begins tokenisation roll out
September 10, 2014 - Visa has taken advantage of the hoopla surrounding Apple's application of digital account tokens to replace card numbers for online and mobile purchasing by initiating the roll out of its Token Service to US clients.
