Payments Cards and Mobile - All News

FiTeq introduces dynamic authentication solution with security and fraud protection

Thu, 09 Feb 2012 15:58:49 +0000

FiTeq Technologies announced today the launch of the first payment card that incorporates an approved EMV payment applet in combination with the FiTeq Energizer Stripe enabling a unique cryptogram (FiTeq Transaction Specific Code) to be created within the magnetic stripe data packet for each transaction.andnbsp; This solution ensures dynamic authentication whether the card is used at EMV terminals or legacy magnetic stripe terminals. andnbsp;

Ogone opens European e-commerce markets to US companies

Thu, 09 Feb 2012 10:38:34 +0000

Ogone, specialists in online payment services has opened its US office this week, and appointed James Byler as the regional head for North America. Bylers first and top priority will be to open the European e-commerce markets to US companies and secondly to establish local partnerships to further Ogones distribution network in the US.

MasterCard agrees online payments security deal with Silver Tail Systems

Wed, 08 Feb 2012 16:36:16 +0000

MasterCard has forged an exclusive deal with Silver Tail Systems to provide Web merchants with better tools for detecting online shopping fraud.

Lawrie exits as Misys and Temenos agree key merger terms

Wed, 08 Feb 2012 16:11:25 +0000

Core banking vendors Misys and Temenos have agreed the key terms for their proposed merger, with shareholders of the UK firm taking 53.9% of the combined group and the Swiss outfit the remaining 46.1%.

Citi gets green light to launch credit cards in China

Tue, 07 Feb 2012 11:54:09 +0000

Citi is set to become the first non-Asian bank to issue credit cards in China after getting approval from the country's regulator.

Misys and Temenos in merger talks

Fri, 03 Feb 2012 10:18:38 +0000

UK core banking vendor Misys has confirmed that it has begun talks with Swiss rival Temenos about a possible all share merger.

National Bank of Tajikistan launches national processing centre

Mon, 30 Jan 2012 12:31:01 +0000

Compass Plusandnbsp;hasandnbsp;announced that the Tajikistan national processing centre is live. The National Bank of Tajikistan selected Compass Plus in July 2011 to consolidate the existing infrastructure of bank card acceptance in Tajikistan on a single national platform, enabling secure card operations in the country and delivering access to the advanced payment technologies, including Internet and mobile banking. For a project of this size and complexity, implementation in just six months from contract signature has once again proven the agility of the Compass Plus implementation team and the flexibility of the TranzWare product suite.

Misys to strip �8 million from costs as sales slow in Europe

Mon, 30 Jan 2012 12:25:45 +0000

Banking software house Misys is to cut andpound;8 million from its operating costs over the next year after a 'challenging' first six months trading which saw a slowdown in sales in Western Europe.

UK Online Fraud

Tue, 24 Jan 2012 15:56:32 +0000

UK online merchants are bucking the downward business trend and expectingandnbsp;continued growth in 2012 according to the eighth annual UK Online Fraud Report, an independent survey undertakenandnbsp;by CyberSource. Digital goods businesses are growing particularly strongly; thoseandnbsp;anticipating growth in 2012 are forecasting an average 33% increase in online revenues.

EU data protection overhaul to impose new burdens on banks

Tue, 24 Jan 2012 15:09:47 +0000

Financial services firms and credit card processors will be obliged to report incidents of lost or stolen data within 24 hours of a breach, according to new EU rules set to be introduced Wednesday.

Growth returns to the western European cards market

Thu, 19 Jan 2012 18:24:24 +0000

As researched and reported in PCM's annual Payments Cards Yearbook - www.paymentcardyearbooks.com - with over 423 tables, charts and illustrations, the number of payment cards in western Europe increased to 884 million in 2010.

Voice biometrics to play a key role in security in 2012

Thu, 19 Jan 2012 18:09:04 +0000

ValidSoft has partnered with leading research house Opus Research to produce a report titled, Voice Biometrics Authentication Best Practices: Overcoming Obstacles to Adoption. The study, led by Dan Miller, senior analyst at Opus Research, evaluates previous voice biometric projects as well as the current industry landscape in order to identify a number of best practices to rolling out the technology and taking the industry forward.

US EMV move doesn't mean chip and PIN

Tue, 17 Jan 2012 12:00:00 +0000

Following its decision last year to push the adoption of EMV in the United States, Visa has moved to clarify that this does not mean the introduction of chip and PIN cards.

Digital banking tipping point set for 2015

Mon, 16 Jan 2012 12:04:15 +0000

By 2015 more people will interact with their banks digitally than through branches, and they'll be prepared to pay for the privilege, according to a global survey from PricewaterhouseCoopers.

Retail banking � IT spending on the rise amid economic turmoil

Mon, 16 Jan 2012 12:01:10 +0000

Global spending on retail banking technology will increase by $3.6bn (3.2 per cent) in 2012, and will hit $135bn over the next five years, according to Ovum.

Billeo's Active eWallet API gives card issuers a direct connection

Mon, 16 Jan 2012 11:47:07 +0000

Billeo, Inc., the creator of apps that help consumers save time and money while shopping or paying bills online, announced its Active eWallet API, a tool that allows card issuers to add their cards as a payment option in Billeo's Active Context platform. By adding a credit, debit, prepaid or gift card to Billeo's platform, the issuer is instantly connected to the more than 1.5 million consumers who use Billeo's free iPad and browser apps to shop or pay bills online.

Experian and American Express announce international payment partnership

Mon, 16 Jan 2012 11:40:35 +0000

Experianandnbsp;and American Express announced a partnershipandnbsp;to offer international payment processing and foreign exchange services to Experians UK clients. The deal will make it easier and cheaper for businesses of all sizes to make and process overseas payments online.

BPC Banking Technologies partners with Adexus, Chile

Thu, 12 Jan 2012 15:23:19 +0000

BPC Banking Technologies has signed a contract with Adexus S.A. to distribute SmartVista in Chile, Ecuador, Argentina, Colombia and Peru.

Jumio raises $25.5m

Thu, 12 Jan 2012 15:16:54 +0000

Jumio, a US start-up that has developed a system to turn Web cams and smartphone cameras into credit card readers, has raised $25.5 million.

Queensland Treasury Corporation tears up Temenos T24 contract

Thu, 12 Jan 2012 11:24:49 +0000

Swiss core banking vendor Temenos has been ditched by the corporate treasury services provider of Australian state Queensland, which has decided to cut its losses on a T24 implementation.