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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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Oberthur Technologies acquires NagraID

19 Aug 14 @ 15:39

Digital security specialist Oberthur Technologies has signed an agreement to acquire display card manufacturer NagraID Security. Oberthur will acquire a 100% equity stake of NagraID Security from the Kudelski Group... read more

Square to extend cash advance service

19 Aug 14 @ 15:35

mPOS player Square is extending its small business cash advance financing programme after securing investment from Victory Park Capital. The Square Capital programme is aimed at small businesses using its... read more

First Annapolis highlights US EMV push

18 Aug 14 @ 15:39

US consultancy First Annapolis has highlighted how issuers are feeling heightened pressure to migrate card portfolios to EMV as the October 2015 liability shift deadline quickly approaches. After a spate... read more

mPOS player SumUp closes funding round

18 Aug 14 @ 15:34

European mPOS specialist SumUp has closed a double-digit million dollar Series C funding round led by Russian fintech venture capital fund Life.Sreda. Existing investors, including Groupon, BBVA Ventures and various... read more

eBay’s Braintree could accept bitcoin

18 Aug 14 @ 15:31

Online auction site eBay is planning to integrate bitcoin into its Braintree payments service. The move comes after executives from eBay’s online payments unit PayPal held meetings with digital currency... read more

Barclaycard bpay contactless wristbands offer data mining

15 Aug 14 @ 13:34

Barclaycard, which recently laumched ‘bPay’ contactless wristbands, is offering businesses customer behavioural data mined from the wearable devices. Barclaycard will begin a full roll-out of bPay bands next year, allowing... read more

Heartland acquires mPOS firm Leaf

15 Aug 14 @ 13:27

Payment processor Heartland Payment Systems has acquired Leaf, a US-based mPOS start-up. Financial terms of the deal were not disclosed. Heartland initially paid $20 million for a majority stake in... read more

US store chain Supervalu hit by network breach

15 Aug 14 @ 13:19

US supermarket chain Supervalu has become the latest large-scale merchant to suffer a breach of its network, compromising customer card data. In a statement, the company says it suffered a... read more

Russia backs down on Visa and MasterCard deadline

14 Aug 14 @ 14:48

Russia’s Central Bank is preparing to abandon its deadline for Visa and MasterCard to pay transaction security deposits because neither has yet selected a partner to process cards in Russia next year,... read more

US EMV cards to top 575 million by 2015

14 Aug 14 @ 14:31

More than 575 million US EMV payment cards will be in issue by the end of next year, according to a statement issued jointly from Visa and MasterCard on Wednesday (13/08/2014). That... read more

Amazon launches mPOS

13 Aug 14 @ 14:57

In a widely anticipated move, Amazon.com has unveiled a $10 mobile point of sale device (mPOS) and mobile app for brick-and-mortar businesses, marking the latest step by the US online... read more

ACI Worldwide completes ReD acquisition

13 Aug 14 @ 12:20

ACI Worldwide announced that it has completed the acquisition of Retail Decisions (ReD), a leader in fraud prevention solutions.  Under the terms of the agreement, ACI Worldwide acquired ReD for... read more

SPECTRA Technologies achieves PCI PTS 4.0 for CREON terminal

12 Aug 14 @ 16:19

SPECTRA Technologies has achieved the approval of the highest level of security requirement, PCI PIN Transaction Security (PTS) 4.0., in its payment terminal CREON. SPECTRA has become the world’s second vendor (first... read more

First Data acquires Gyft

12 Aug 14 @ 15:55

First Data has acquired Gyft, a platform offering a mobile app that allows consumers to organize, shop for, and send gift cards to others. Gyft’s service has expanded from a... read more

Retail malware: PCI-DSS is part of the problem

12 Aug 14 @ 12:41

When the Payments Card Industry Data Security Program (PCI-DSS) was first introduced in 2004, the move was in response to a series of breaches that demonstrated how exposed credit and... read more

Merchants demand integrated POS

12 Aug 14 @ 12:31

A growing number of merchants want more from their point of sale (POS) systems than basic payment processing. Instead of just a terminal, today’s POS is packed with software applications... read more

Cyber crime costs UK economy £6.8 billion

11 Aug 14 @ 12:13

The cost of cyber crime to the UK economy amounted to $11.4 billion (£6.8 billion) in 2013, or 0.16% of the country’s GDP, a report from the Centre for Strategic... read more

Point of Sale (POS) forecast report

11 Aug 14 @ 12:04

At 93% of total US retail dollar volume, the point of sale (POS) retail market towers above the online market and will continue to do so for years to come.... read more

Trending

UK fraud losses reach four-year high

16 Jun 26 @ 18:17

Financial fraud losses in the UK climbed to their highest level in four years during 2025, highlighting the growing sophistication of criminal networks and rais... more

Visa and Mastercard move to end two-decade swipe fee battle

11 Jun 26 @ 16:00

A landmark legal battle that has shaped the economics of card payments in the United States for more than twenty years has taken another significant step toward... more

Bank of England Warns DLT Complexity in Settlements

18 May 26 @ 17:07

The Bank of England has found that distributed ledger technology could improve aspects of wholesale payments and settlement, but only at the cost of significant... more