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South African banks suffer massive Dexter malware attack

15 Oct 13 @ 18:23

The Dexter malware has struck again. This time, South African banks have suffered an estimated tens of millions of rand in losses due to a major breach of customer card... read more

Strategic mobile wallet options for Banks – Analysis

15 Oct 13 @ 16:51

In a sensibly positioned White paper, The Mobey Forum argues that the utilisation of mobile technology is permanently changing consumer spending habits, disrupting previously-exclusive relationships between banks and their customers... read more

Changing trends in multichannel shopping

15 Oct 13 @ 16:31

A consumer study from eDigitalResearch and Portaltech Reply found that weekly in store shopping levels have dropped since 2010, as smartphone owners continue to turn to their mobile devices and... read more

UK more open to mobile wallets than US

15 Oct 13 @ 11:18

New research carried out by Consult Hyperion suggests a majority of UK consumers would use mobile wallets. This 58% figure in favour is in contrast with the 64% of US... read more

Hong Kong telco rolls-out mobile NFC Payment

15 Oct 13 @ 11:06

Gemalto has worked with PCCW-HKT, one of Hong Kong’s major mobile network operators and Octopus Cards Limited (OCL to bring mobile NFC ticketing to its subscribers, as well as a... read more

Dwolla closes down bitcoin and virtual currency services

15 Oct 13 @ 10:03

In another big hit on virtual currency, Dwolla has shut down its services that work with virtual currency exchanges. The online payment provider emailed its customers which operate companies related to... read more

CBK proposals to end M-Pesa dominance

11 Oct 13 @ 09:43

Safaricom’s M-Pesa platform may soon be open for use by other mobile payment services providers if new regulations published by the Central Bank of Kenya are placed into effect. The... read more

Jumio announces digital wallet PORT

11 Oct 13 @ 09:36

Jumio announced the launch of Jumio PORT, an embedded wallet infrastructure that integrates with mobile OS utilities such as Apple Passbook and the recently-launched Samsung Wallet. With PORT, consumers can... read more

RBI sets up committee to explore potential of encrypted SMS mobile banking

10 Oct 13 @ 16:46

A Technical Committee on Mobile Banking has been set up by The Reserve Bank of India to explore the possibility of providing SMS-based mobile banking on all types of phones.... read more

UK creates watchdog to oversee payments system

10 Oct 13 @ 16:22

A new regulator is to be created in the UK to open up the privately-owned payments system and cut the cost for new entrants to take on big players. The regulator will... read more

MasterCard to acquire leading Turkish payment provider Provus

10 Oct 13 @ 10:43

MasterCard says it has entered into an agreement to acquire Provus Bilişim Hizmetleri A. Ş. (“Provus”), Turkey’s leading independent payment solution and processing provider. “Today’s announcement represents an exciting new chapter... read more

Cyber security – why mobile transactions pose high risk

10 Oct 13 @ 10:03

As National Cyber Security Awareness Month continues, new data from the Global Trust Intelligence Network (The Network) confirms the growing use of mobile devices for banking and online shopping. Of... read more

Amazon releases login and pay with Amazon to challenge PayPal

10 Oct 13 @ 09:37

Amazon has launched a new service, login and pay with Amazon, allowing user to pay for online goods and services using your pre-registered Amazon account information. Amazon has 215 million active customer accounts. Online retailers... read more

U.S. Bank launches mobile commerce for major retailers

09 Oct 13 @ 15:23

U.S. Bank says it will accelerate the delivery of a mobile commerce product discovery and shopping service that provides an easier way for top-tier retailers to help consumers interact with and buy... read more

Banks and merchants are struggling to keep pace with Cyber threats

09 Oct 13 @ 10:48

According to a new report released today from financial and technology analyst house, Aite Group – Cyberthreats: Multiplying Like Tribbles, “Cyber threats come in the form of malicious software code, hacking... read more

Elavon launches a complete e-Commerce online payment gateway

09 Oct 13 @ 10:25

Elavon has launched an Online Payment Gateway for small and medium sized businesses in the UK through an agreement with Realex Payments. With streamlined integration to websites and e-Commerce platforms, the... read more

Microsoft forms alliance to promote card-linked offers

08 Oct 13 @ 18:46

Microsoft is launching a limited test of a new Bing Offers feature in the Seattle market that could give it an edge over some of its competitors. In this test... read more

MasterCard study reveals the rapidly growing cashless economies

08 Oct 13 @ 16:45

MasterCard  has identified Belgium, France and Canada are the closest to cashless economies and China and UAE have the fastest trajectory, in a new global report, “The Cashless Journey,” that... 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

Visa Builds Agentic Commerce Infrastructure as Credentials Reach 5.2 Billion

29 Oct 26 @ 19:39

Visa is expanding its payments infrastructure around agentic commerce, stablecoins and tokenisation as its global credential base reaches 5.2 billion and ... 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