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86% of fraud in chargebacks

17 Apr 15 @ 12:45

Global Risk Technologies (GRT) recently examined friendly fraud, and found approximately 86% of chargebacks are fraudulent, and many consumers bypass merchants to directly file complaints with card-issuing banks. GRT CIO... read more

ACH volume increases to 23 billion payments in 2014

16 Apr 15 @ 16:08

ACH volume grew to almost 23 billion electronic payments, an increase of almost 5%, or 1 billion transactions, over 2013 volume, according to new statistics released by NACHA — The... read more

Massive drop in number of unbanked says World Bank

16 Apr 15 @ 15:23

From 2011 and 2014, 700 million people became account holders at banks, other financial institutions, or mobile money service providers, and the number of “unbanked” individuals dropped 20% to 2... read more

NCR launch cloud-based ATM software platform

16 Apr 15 @ 14:05

NCR says it has introduced the biggest change to the way an ATM operates since the self-service banking channel was invented nearly 50 years ago, launching Kalpana software, an enterprise software platform... read more

Card fraud increases as stolen cards used once every 20 seconds

15 Apr 15 @ 12:50

British businesses were hit by card fraud once every 20 seconds in March, with Worldpay warning that small businesses are likely to have been hackers’ biggest targets. Worldpay saw over... read more

Growth in global NFC SIM market

15 Apr 15 @ 12:15

The SIMalliance membership, which represents approximately 90% of the global SIM card market, has reported an 11% year-on-year increase in SIM unit shipments in 2014. Globally, the growth trend for... read more

TNS set to accelerate UnionPay acceptance worldwide

15 Apr 15 @ 11:07

Transaction Network Services (TNS) has launched a new global card scheme gateway which will enable merchants and banks to quickly and easily connect with UnionPay for authorization and processing of... read more

Wirecard to enable mobile payments for Kairos Watches

15 Apr 15 @ 10:56

Wirecard and Kairos Watches have announced a collaboration in the field of mobile payment services for wearables. Kairos will use Wirecard`s Payment Software Development Kit for its unique offering of hybrid mechanical... read more

Retail Banks turn to IT to drive revenue in 2015

15 Apr 15 @ 10:47

Retail bank IT investment in 2015 will be focused squarely on driving revenue growth, according to new research from Ovum, the global analyst house. Digital channels will be at the... read more

Cybercrime bigger than drug trade

14 Apr 15 @ 16:54

In an extraordinary presentation at a TechUK event Adrian Leppard, the City of London police commissioner attacked the big banks by saying that cybercrime may now be bigger than the drug... read more

Card Fraud Report 2015 – now available

14 Apr 15 @ 12:46

Card Fraud is the driver of major industry initiatives such as EMV implementation to combat the use of lost, stolen and counterfeit cards, while 3D-Secure authentication protects against the fraudulent use... read more

Judo Payments builds mobile payments SDK for Xamarin

14 Apr 15 @ 12:35

Judo Payments has announced the launch of its mobile app payments software development kit (SDK) for mobile development solution Xamarin. Xamarin’s platform enables developers to build apps for iOS, Android, Windows... read more

Mobile app use sees emergence of cashless society

13 Apr 15 @ 16:57

Half of European adults with access to a mobile device such as a smart phone or tablet computer expect to use mobile payment apps over the next 12 months, according... read more

European ATM crime incidents fall 26%

13 Apr 15 @ 16:36

In a European ATM Crime Report covering the full year 2014 EAST (European ATM Security Team) has reported that ATM related fraud incidents fell 26% when compared to 2013, although... read more

PayPal free to work with eBay rivals

13 Apr 15 @ 15:43

New filings reveal that eBay and PayPal will soon be free to do business with their most entrenched enemies. Under an agreement detailed in a regulatory filing from eBay, the companies will... read more

The global mobile money landscape

13 Apr 15 @ 15:31

The mobile money sector is one of the most fluid in the whole of the mobile ecosystem, with more players entering and exiting, new tech and services being launched or... read more

Apple Pay performance problematic at POS

13 Apr 15 @ 12:01

Just months after Apple Pay went live, the adoption rate came in at an impressive 11% of all credit card-owning households and 66% of iPhone 6 owners, according to new... read more

Europeans favouring mobile payments

09 Apr 15 @ 15:37

Around 185 million consumers in Europe are expected to use mobile payment apps over the next 12 months, according to an ING survey of more than 14,000 individuals around the... read more

Trending

Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more