US payments system failing to meet the needs of the digital economy
April 4 2012 - The Federal Reserve and US Congress urgently need to plug a public policy vacuum if the national payment infrastructure is to keep up with changes in the digital economy, according to a former senior Fed executive.
Global Payments hit by 'massive' breach
March 30, 2012 - Visa and MasterCard are warning banks that a US credit card processor has suffered a major security breach that may have compromised the data of millions of people, according to the KrebsonSecurity blog.
BlackBerry losing out to iPhone as banks re-assess approach to personal computing policies
March 23, 2012 - Apple's iPhone has usurped the Blackberry as the mobile handset of choice for tech-savvy financial services workers, according to new research on the consumerisation of corporate IT by systems integrator Avanada.
All to play for: Mobile financial services used by 20% of Americans - Fed
March 15, 2012 - Around 20% of Americans used their mobile phone to access financial services in 2011, while another 20% are planning to follow suit in the future, according to a Federal Reserve survey.
Apple, Google, Facebook and Amazon to lead m-payments gold-rush?
March 9, 2012 - Technology giants such as Apple, Google, Facebook and Amazon are well positioned to cash in on the upcoming mobile payments bonanza thanks to their reputation for innovation but still have trust and privacy-related hurdles to overcome if they are to convince Americans to pick them over more traditional financial services providers, according to a report from Javelin Strategy & Research.
Google scrapped plans for virtual currency over regulatory concerns
March 1, 2012 - Google chairman Eirc Schmidt says the Internet search giant once considered creating its own peer-to-peer money system, dubbed Google Bucks, but binned the idea because of regulatory concerns.
Banks and telcos to debate mobile financial future
February 17, 2012 - Leading banks, telcos, handset device manufacturers and app developers will gather under one roof next month to debate the future of mobile banking and payments services at the first annual MobeyDay conference in Barcelona.
PCI security standards in the dock
January 12, 2012 - A legal challenge to the payment card industry's PCI security standards is brewing in the US, as a Utah-based restaurant chain cries foul over the apparently "arbitrary" nature of the system and the level of fines imposed by Visa and MasterCard following an alleged breach of security.
