The global near-field communications (NFC) retail payments market will reach $180bn (£116bn) by 2017, with one in four shoppers paying in store using the technology, according to a report from Juniper Research. North America, ...
Tags: NFC, smartphone, mobile network operators, mobile handsets
Major high street banks are planning to impose new terms and conditions on customers that would make them squarely responsible for credit and debit card fraud. Further reading Seven-year glitch earns Bank of Scotland 4.2m fine Banks' IT ...
Tags: high street banks, finance, software, computing
Security researchers have uncovered a highly sophisticated, multi-tiered, global financial fraud ring that has attempted fraudulent transfers of up to 1.6bn from at least 60 banks This fraud empire, discovered by researchers from security ...
Tags: financial fraud, security, banking system, financial security
London's buses will be the first mode of transport to accept contactless bank card payments,starting today. The whole fleet of London buses will accept the payments,meaning that passengers can use an American Express,MasterCard,Maestro or ...
Tags: contactless bank card payments, MasterCard, model, Oyster card
Mobile phones are expected to play a significant role in the future of cashless payments in remote and on-premise purchases. Payment companies are ramping up their mobile offerings in the scramble for this lucrative market. ...
Tags: mobile phones, cashless payments, remote purchases, on-premise purchases
Eurostop, a leading supplier to the fashion, footwear and lifestyle sectors has announced the availability of its Express Checkout. This is a kiosk solution that enables retailers to add pop-up tills to the shop floor to cope at busy ...
Tags: Eurostop, fashion, footwear, Express Checkout, kiosk, mobile POS
IDG News Service-Bank of America Merchant Services will extend its mobile payments service to small retailers in December,allowing them to use smartphones and tablets as point-of-sale terminals. The entry of the country's largest ...
Tags: Bank of America, Mobile Payments, smartphones, tablets, sale terminals
UK targeted attacks have gone from four a year to 500 a day in just two years, according to Misha Glenny, security author and journalist. "But it is not just big corporations that are being targeted, attackers are going after everyone in ...
Tags: RSA Europe, Supply Chain, Misha Glenny, London conference
Many automated teller machines(ATMs)and point-of-sale(POS)terminals fail to properly generate random numbers that are required by the EMV protocol to securely authenticate transaction requests,according to a team of researchers from the ...
Tags: ATMs, POS terminal, EMV, secret encryption key, ARQC
Despite a years-long upgrade of Australia's payment systems, fraudsters are still profiting, leaving a questionable record for a vast program to equip debit and credit cards with new security features. For several years, Australia has ...
Tags: Australia, payment system, Cybercrime, EMV payment card
Retail chip and PIN devices can be attacked easily,exposing banks,retailers and customers to fraud. Researchers from Basingstoke-based MWR InfoSecurity demonstrated at the 2012 Black Hat conference in Las Vegas that it is possible to ...
Tags: Retail chip and PIN devices, MWR Infosecurity, 2012 Black Hat, Las Vegas