18 May 16 @ 12:47

The fraudsters’ calculation is simple: where there’s a great deal of revenue to be earned, there’s a great deal of fraud to be committed. And where there’s even more revenue... read more

18 May 16 @ 12:33

By 2020, more than 50% of all UK retail sales could be ecommerce and contactless, growing by more than 2.5 times from 18% currently. At least 30% of these will... read more

17 May 16 @ 13:15

The European Central Bank will set up a database to register incidents of cyber attack and cyber crime at commercial banks, aiming to create an early warning and analysis system... read more

17 May 16 @ 13:11

VocaLink, the British operator of the Faster Payments service, has announced a five-year deal with UnionPay International to enable UnionPay cardholders to access ATMs across Europe and the UK. Under... read more

17 May 16 @ 13:01

Sen. Dick Durbin has blasted the card network-dominated group that sets the standards for EMV cards, accusing it of mishandling the rollout of more secure credit and debit cards, lacking transparency and... read more

16 May 16 @ 15:22

A Swift cyber-attack, similar to one that saw $81m (£56m) stolen from Bangladesh’s central bank, has reportedly hit a second bank. The warning about the second attack came from Swift,... read more

16 May 16 @ 14:52

The initial findings of a European Commission e-commerce sector inquiry found that geo-blocking is widespread throughout the EU. Online retailers of consumer goods, such as clothes, shoes and consumer electronics,... read more

16 May 16 @ 14:48

Credit cards dominated the payment cards market in Hong Kong in terms of both volume and value during the period 2010-2014. This trend is set to continue. According to a... read more

12 May 16 @ 14:32

The US Federal Trade Commission (FTC) is flexing its muscles regarding data security. In early March 2016 the agency issued orders to nine companies that conduct payment card industry data... read more

12 May 16 @ 14:25

Global general purpose cards generated 227.08 billion purchase transactions at merchant locations in 2015, an increase of 16.1% on 2014 figures, according to the Nilson Report. Purchase transactions included consumer... read more

11 May 16 @ 17:12

Contactless payments in Europe passed a major milestone as Visa Europe announced 3 billion contactless transactions were made in the last 12 months – nearly tripling that of the same period... read more

11 May 16 @ 16:50

JETCO, a bank consortium chartered to develop innovative and secure financial technology services for over 30 member banks in Hong Kong and Macau is set to roll out P2P mobile... read more

11 May 16 @ 16:29

In order to identify issuers’ reactions to the interchange regulation decreases effective December 2015, First Annapolis has been closely monitoring the product offerings of the top 5 issuers in 13... read more

11 May 16 @ 13:51

Seamless has been granted authorization by Sweden’s financial supervisory authority, Finansinspektionen, to issue electronic money. This means that SEQR users can send and receive money, worldwide, in real time. Under... read more

10 May 16 @ 11:53

SWIFT on Monday heavily rejected allegations by officials in Bangladesh that technicians with the global banking system made the nation’s central bank more vulnerable to hacking before an $81 million cyber... read more

10 May 16 @ 10:29

The amount of money that Kenyans transact daily through M-Pesa is half of what it cost to construct the Thika Superhighway, latest figures from Safaricom reveal. At Sh15 billion ($149,012,250... read more

10 May 16 @ 09:49

Google has been awarded  a patent for aerial drone delivery by The United States Patent and Trademark Office (USPTO), concept, postandparcel.info. This includes a system for lowering items to the ground... read more

09 May 16 @ 12:35

iovation and Aite Group have developed an impact note entitled “EMV: Issuance Trajectory and Impact on Account Takeover and CNP.” The report calculates that card not present fraud – fraudulent transactions where a... read more