November is card fraudsters' favourite month
October 31, 2014 - As November approaches, data science company Feedzai is warning that the month is the fraudsters' favourite, when both card-present and card-not-present crime spike.
Millennials and high earners drive North American adoption of mobile money and digital currencies
October 30, 2014 - A significant proportion of North Americans - 40% - have used their smartphones to make payments at merchant locations, up from just 16% two years ago, according to an Accenture survey.
Bank spend on innovation set to soar
October 29, 2014 - Financial institutions the world over are raising their innovation spend significantly in a desperate attempt to fend off the threat to the established hegemony from technology companies, telcos, and emerging startups, according to fresh data from Efma.
Nordea to take EUR344 million IT charge as core platforms are upgraded
October 22, 2014 - Nordea Bank is to take a EUR344 million impairment charge on its current IT systems as it embarks on a major project to rip and replace its core banking and payments platforms.
EBA publishes consultation paper on internet payments security
October 20, 2014 - The European Banking Authority (EBA) published today a consultation paper on the implementation of its Guidelines on the security of internet payments.
Half of US POS terminals to accept chip cards by end of 2015
October 17, 2014 - Nearly half of US merchant terminals will accept EMV chip card payments by the end of next year, according to a trade body set up to push the migration from magstripe plastic.
Obama signs chip and PIN executive order
October 17, 2014 - US president Barack Obama has signed an executive order mandating the use of chip and PIN technology at executive departments and agencies for card payments.
Russian faces further counts in POS hacking case
October 10, 2014 - A Russian man accused of hacking into point-of-sale terminals and selling stolen card data on online forums has had a batch of new charges thrown at him ahead of his trial in a US court next month.
