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.
MasterCard unveils tool to tackle cyber threat
October 2, 2014 - With the huge data breaches at Target and Home Depot fresh in the memory, MasterCard has launched a tool designed to protect against cyber attacks on banks and processors.
Fed sets up tokenisation work group
September 25, 2014 - The Federal Reserve Bank of Boston is to set up a working group to tackle the interoperability and technology challenges of using digital account tokens to replace card numbers for online and mobile purchasing.
