Payments News

28 May 14 @ 13:55

The recent card security breaches at several major US retailers resulted in payment information from tens of millions of cardholders being stolen. One of the merchants, Target, has since expedited... read more

28 May 14 @ 12:31

Finland’s banking industry is hoping to establish a real-time payments system and has invited potential suppliers to make their pitches. The country’s current ‘urgent’ payment system, dubbed Pops, was built... read more

23 May 14 @ 13:07

Visa and MasterCard both presented at the JP Morgan Chase Technology Conference earlier in the week and addressed several of the big issues that each face. With Russia’s demand to collect... read more

22 May 14 @ 16:09

The newly established Euro Retail Payments Board (ERPB) is setting up two working groups to explore the role of mobile and ‘innovative’ payments methods, as Europe begins the transition to... read more

21 May 14 @ 15:35

EBay has asked users to change their passwords following a cyber-attack that compromised one of its databases. The US firm said the database was hacked between late February and early... read more

14 May 14 @ 13:44

ITCARD a leading provider of banking services in Poland has launched the first biometric ATM shared network in Europe, called Planet Cash. By the end of this year the company... read more

13 May 14 @ 11:49

 who dedicated the payment network to the  taking on the global players like Visa and MasterCard. The new payment network developed by the National Payments Corporation of India (NPCI), a... read more

12 May 14 @ 11:46

The US may not complete the migration from magnetic-stripe cards to EMV chip cards until 2018 even though the EMV liability shift deadline for merchants and issuers arrives in 18... read more

08 May 14 @ 10:11

As Russia begins to ramp up its own counter sanctions to the West, it has been revealed that Visa and MasterCard will have to pay nearly $4 billion in deposits... read more

08 May 14 @ 09:42

EMVCo, owned by American Express, Discover, JCB, MasterCard, UnionPay and Visa, facilitates worldwide interoperability and acceptance of secure payment transactions by managing and evolving the EMV chip Specifications and related... read more

07 May 14 @ 09:09

Just days after FirstBank, a US regional bank from Boulder openly mocked Google Glass in a new video ad for its own mobile banking app, Google is working on a... read more

05 May 14 @ 10:07

The Federal Reserve Banks has released a new report which shows that US consumers choose to use cash more frequently than any other payment instrument, including debit or credit cards.... read more