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24 SEPTEMBER 2018
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article thumbnail Wednesday, 19 September 2018

Visa at 60 – but Diners came first
"Fresno drop" leads to first widespread card fraud

Visa is celebrating its 60th birthday today, but it is worth remembering that this was not the start of the payment card story. Read more ...

 
     

Latest feature
     
 
India two years on from demonitization: Special Card & Payments World Report

Digital payments building but cash use still growing
Tech giants in fight for market share
Alternative payments to watch
Amazon buys Tapzo
Cabinet approves spending hike for IPPB

Read more ...
 
     
 
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article thumbnail Card & Payments World | News - InterchangeTuesday, 18 September 2018

Visa, Mastercard finally settle Walmart case for $6.2bn – 13 years on
Largest ever all-cash antitrust settlement ever
It was 2005 that a group of merchants, led by Wal-Mart, first went to court to argue that card payment fees were unfair. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 18 September 2018

Finally a bank prepared to prove their own identity
Barclays commitment to beating scammers
Well done for Barclays for being the first bank taking responsibility for proving their identity.  Read more ...

article thumbnail Card & Payments World | News - Company newsFriday, 14 September 2018

Patent claims could cost UK payments industry millions
Patents cover entire architrecture and operating system and are device agnostic

An entrepreneur who filed patents ten years ago covering EPOS with screens has begun action to determine his ownership of this intellectual property. If he is successful, the UK card payments industry could face claims for many millions of pounds. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 12 September 2018

Report into Equifax breach highlights key areas of concern
145.5 million US and 15.2 million UK records were compromised - official
Failures in detection, segmentation and data governance have all been blamed for the massive 2017 Equifax breach. Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 11 September 2018

Cost of card acceptance leaps by 39%
BRC calls on UK government and regulator to step in
Cash use fell a further 1% last year and now accounts for just 22% of purchases
The British Retail Consortium says its members are suffering from the trend towards card payments and away from cash. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 07 September 2018

Lloyds glitch shows up faults in disaster recovery
Lack of customer communication with social media lethargy hampers response
New report highlights poor communication amongst banks
Can lessons be learnt from other sectors?
Read more ...

article thumbnail Card & Payments World | News - Loyalty/MarketingThursday, 06 September 2018

All Visa Australia cardholders to be offered rewards link-up
Visa has announced a partnership  to roll out an instant rewards loyalty scheme including cashback, to all Visa cardholders across Australia. Read more ...

article thumbnail Card & Payments World | News - Online paymentsMonday, 03 September 2018

Google in Mastercard deal to access offline spending
Companies insist data is anonymised
Google has apparently bought Mastercard credit card data in the US to help it track users' offline spending in stores. It highlights the issue of consumers choosing to use recent privacy regulation to go “dark” and refuse to share their data. Read more ...

article thumbnail Card & Payments World | News - Online paymentsThursday, 30 August 2018

Alternative payment methods outnumbering traditional in most markets
Data from APAC, Global
Full list of alternative payment methods


Alternative payment methods such as mobile and digital wallets are steadily displacing traditional payment methods such as cards, bank transfers and cash/cheques in the Asia-Pacific (APAC) e-commerce market, finds leading data and analytics company GlobalData. Read more ...

article thumbnail Card & Payments World | News - FintechThursday, 23 August 2018

Special Report:
Blockchain continues to gain ground in payments

Union Bank, Liechtenstein announcement
Crypo from Thailand Central Bank
Cryptocurrency cashback from Revolut
North Korean hack exchange with “first” MacOS Malware Read more ...

article thumbnail Card & Payments World | News - RegulationMonday, 20 August 2018

EU agrees Strong Customer Authentication rules
Uncertainties remain
One in four transactions will be affected

The European Union has finally has new requirements for strong customer authentication which will apply across the region from September 14, 2019. Read more ...

article thumbnail Card & Payments World | News - RegulationWednesday, 15 August 2018

New FCA rules makes it easier for consumers to compare
How likely is it that a bank be recommended by users?

From today (15 August 2018), banks must publish information on how likely people would be to recommend their bank – as well as its online and mobile banking, branch and overdraft services – to friends, relatives or other businesses.  Read more ...

article thumbnail Card & Payments World | News - ATMsTuesday, 14 August 2018

FBI warns of global ATM cyber crime spree
Criminals gaining access via bank systems
The FBI is warning banks that cyber criminals are planning a highly-coordinated attack on cash machines around the world that could see millions of dollars withdrawn from customer bank accounts. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 14 August 2018

China fines third party payment providers
Tightening regulation hits digital financial services
Non financial companies investing in banks also reigned in
China’s central bank fined Alipay, Gopay and Union Mobile Financial Technology (UMF) for violating financial service rules as it continues to clamp down on the activities of third-party payment providers, according to media provider Xinhua. Read more ...

article thumbnail Card & Payments World | News - MobileWednesday, 08 August 2018

Samsung Pay now available to Cornercard UK users
Samsung says its mobile payment and digital wallet, Samsung Pay, is now available to Cornercard UK card holders. Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 18 September 2018

Visa, Mastercard finally settle Walmart case for $6.2bn – 13 years on
Largest ever all-cash antitrust settlement ever
It was 2005 that a group of merchants, led by Wal-Mart, first went to court to argue that card payment fees were unfair. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 18 September 2018

Finally a bank prepared to prove their own identity
Barclays commitment to beating scammers
Well done for Barclays for being the first bank taking responsibility for proving their identity.  Read more ...

article thumbnail Card & Payments World | News - Company newsFriday, 14 September 2018

Patent claims could cost UK payments industry millions
Patents cover entire architrecture and operating system and are device agnostic

An entrepreneur who filed patents ten years ago covering EPOS with screens has begun action to determine his ownership of this intellectual property. If he is successful, the UK card payments industry could face claims for many millions of pounds. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 12 September 2018

Report into Equifax breach highlights key areas of concern
145.5 million US and 15.2 million UK records were compromised - official
Failures in detection, segmentation and data governance have all been blamed for the massive 2017 Equifax breach. Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 11 September 2018

Cost of card acceptance leaps by 39%
BRC calls on UK government and regulator to step in
Cash use fell a further 1% last year and now accounts for just 22% of purchases
The British Retail Consortium says its members are suffering from the trend towards card payments and away from cash. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 07 September 2018

Lloyds glitch shows up faults in disaster recovery
Lack of customer communication with social media lethargy hampers response
New report highlights poor communication amongst banks
Can lessons be learnt from other sectors?
Read more ...

article thumbnail Card & Payments World | News - Loyalty/MarketingThursday, 06 September 2018

All Visa Australia cardholders to be offered rewards link-up
Visa has announced a partnership  to roll out an instant rewards loyalty scheme including cashback, to all Visa cardholders across Australia. Read more ...

article thumbnail Card & Payments World | News - Online paymentsMonday, 03 September 2018

Google in Mastercard deal to access offline spending
Companies insist data is anonymised
Google has apparently bought Mastercard credit card data in the US to help it track users' offline spending in stores. It highlights the issue of consumers choosing to use recent privacy regulation to go “dark” and refuse to share their data. Read more ...

article thumbnail Card & Payments World | News - Online paymentsThursday, 30 August 2018

Alternative payment methods outnumbering traditional in most markets
Data from APAC, Global
Full list of alternative payment methods


Alternative payment methods such as mobile and digital wallets are steadily displacing traditional payment methods such as cards, bank transfers and cash/cheques in the Asia-Pacific (APAC) e-commerce market, finds leading data and analytics company GlobalData. Read more ...

article thumbnail Card & Payments World | News - FintechThursday, 23 August 2018

Special Report:
Blockchain continues to gain ground in payments

Union Bank, Liechtenstein announcement
Crypo from Thailand Central Bank
Cryptocurrency cashback from Revolut
North Korean hack exchange with “first” MacOS Malware Read more ...

article thumbnail Card & Payments World | News - RegulationMonday, 20 August 2018

EU agrees Strong Customer Authentication rules
Uncertainties remain
One in four transactions will be affected

The European Union has finally has new requirements for strong customer authentication which will apply across the region from September 14, 2019. Read more ...

article thumbnail Card & Payments World | News - RegulationWednesday, 15 August 2018

New FCA rules makes it easier for consumers to compare
How likely is it that a bank be recommended by users?

From today (15 August 2018), banks must publish information on how likely people would be to recommend their bank – as well as its online and mobile banking, branch and overdraft services – to friends, relatives or other businesses.  Read more ...

article thumbnail Card & Payments World | News - ATMsTuesday, 14 August 2018

FBI warns of global ATM cyber crime spree
Criminals gaining access via bank systems
The FBI is warning banks that cyber criminals are planning a highly-coordinated attack on cash machines around the world that could see millions of dollars withdrawn from customer bank accounts. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 14 August 2018

China fines third party payment providers
Tightening regulation hits digital financial services
Non financial companies investing in banks also reigned in
China’s central bank fined Alipay, Gopay and Union Mobile Financial Technology (UMF) for violating financial service rules as it continues to clamp down on the activities of third-party payment providers, according to media provider Xinhua. Read more ...

article thumbnail Card & Payments World | News - MobileWednesday, 08 August 2018

Samsung Pay now available to Cornercard UK users
Samsung says its mobile payment and digital wallet, Samsung Pay, is now available to Cornercard UK card holders. Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 07 August 2018

Kroger's California subsidiary to ban Visa credit cards
Interchange battle heads for another showdown

Kroger says it will no longer accept Visa credit cards at Foods Co. stores in Central and Northern California as the two companies continue the battle over interchange rates and fees. Read more ...

article thumbnail Card & Payments World | News - Card networksMonday, 06 August 2018

Bank closures highlight the importance of systems reliability for SMEs
Cashless commerce means system downtime can’t happen

An important side effect of the drive towards a cashless society has been highlighted. The problem for small retailers of how to deal with cash management, when there are no bank branches nearby. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 03 August 2018

Digital India project causes payment card spike
EMV migration plans accelerated
Credit and debit card fraud has jumped 42% in 2017, with much of the blame being attributed to the government’s desire to make the country cash free. Read more ...

article thumbnail Card & Payments World | News - FintechTuesday, 31 July 2018

First blockchain loyalty programme launched at scale
Payment confirmation also on the agenda

American Express has become one of the first organisations to launch a blockchain loyalty programme potentially at scale. Read more ...

article thumbnail Card & Payments World | News - MobileMonday, 30 July 2018

Chase bank concedes to Samsung Pay - with a rewards incentive
A doubling up of customer rewards points is the added carrot for US bank Chase, which has given up the fight to run its own exclusive payments app by signing a deal with Samsung Pay. Read more ...

article thumbnail Card & Payments World | News - PrepaidFriday, 06 July 2018

Chinese ruling on pre-paid removes US$74.4bn from mobile coffers
Tencent expects gaming division to drive 50% increase in Q2 turnover Read more ...

article thumbnail Card & Payments World | News - Company newsThursday, 05 July 2018

New General Manager for Bacs

The company responsible for billions of UK payments worth trillions of pounds has appointed experienced executive, Andy Hollingdale, as its first General Manager. Read more ...

article thumbnail Card & Payments World | News - Loyalty/MarketingWednesday, 04 July 2018

India payments company expands into loyalty
Hospitality sector also targeted
Indian film production house Dharma Productions has signed a deal with India digital payments company Paytm to introduce a loyalty program. Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 03 July 2018

Visa & MasterCard ready to settle Wal-Mart action
12 year legal case enters its final stages

Two important factors are pointing to the likelihood that MasterCard and Visa are getting close to settling their 2005 lawsuit brought by 12 million US merchants and known for years as the Wal-Mart Class action.

The first is the obvious one that chatter is increasing, and rather careful news sources are reporting on it. The second is that both Visa and MasterCard Read more ...

article thumbnail Card & Payments World | News - Customer InsightMonday, 02 July 2018

Reputational survey shows banks could do better

But other sectors doing even worse


Banks can hardly be said to do well in the reputation and customer good-will stakes, but even though their scores in a US study show the end of a five year streak of improvement, they still do better than many other industries such as airlines and telecommunications.  Read more ...

article thumbnail Card & Payments World | News - Customer InsightMonday, 02 July 2018

Comment: How SMEs can adjust to cashless societies
Small and medium sized enterprises (SMEs) are the heart of entrepreneurialism in Britain accounting for over 99% of UK businesses. Yet their needs are often overlooked in favour of larger companies and consumer concerns, argues Andrew Byrne (pictured) of fintech payments startup myPOs. Read more ...

article thumbnail Card & Payments World | News - PrepaidWednesday, 27 June 2018

Shoppers buying gift cards for themselves
Millennials lead trend Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityMonday, 25 June 2018

PayPal buys fraud prevention platform
Latest acquisition adds to spending spree
Read more ...

Card & Payments World | News - Fraud and SecurityFriday, 22 June 2018

16 crypto-exchanges meet with Europol
Over 300 attend conference to discuss legitimate uses of currencies Read more ...

Card & Payments World | News - FintechFriday, 22 June 2018

Funding: UK paytech provider raises £44m
Money will be used for international expansion
Read more ...

article thumbnail Card & Payments World | News - Customer InsightThursday, 21 June 2018

mPOS to account for nearly a quarter of all POS transactions
India will show greatest growth Read more ...

Card & Payments World | News - FintechThursday, 21 June 2018

Dash partners for B2B crypto payments
Link with Asian payment processor Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 21 June 2018

95 arrested in CNP fraud crackdown
Police operation across 28 countries Read more ...

article thumbnail Card & Payments World | News - Corporate cardsMonday, 18 June 2018

UK: Debit card payments overtake cash for first time
3.4 million now almost never use cash at all Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 15 June 2018

Crypto exchanges and wallets failing to check customers
Lack of KYC means criminals and PEPs can trade freely Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 14 June 2018

Cryptocurrency thefts top US$1bn in six months
Exchanges are most vulnerable target Read more ...

article thumbnail Card & Payments World | News - FintechThursday, 14 June 2018

Adyen exceeds expectations with IPO
Company valuation doubles on first day Read more ...

article thumbnail Card & Payments World | News - Loyalty/MarketingWednesday, 13 June 2018

Card-linked loyalty app launches in Europe
Banks can generate own offers and promotions Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 12 June 2018

Korean crypto exchange hacked
Attackers get away with alt coins Read more ...

article thumbnail Card & Payments World | News - FintechMonday, 11 June 2018

UK heads Europe fintech funding
Country appears to ride out Brexit storm
Read more ...

article thumbnail Card & Payments World | News - MobileFriday, 08 June 2018

Ant Financial achieves record single fundraising
Cash to be spent on accelerating Alipay global expansion Read more ...

Card & Payments World | News - AcquiringTuesday, 05 June 2018

European payments processors merge
Latest example of rapid consolidation in region Read more ...

Card & Payments World | News - Company newsMonday, 04 June 2018

Paysafe completes processing acquisition
Takeover establishes company as ‘top 5 non-bank US processor’ Read more ...

article thumbnail Card & Payments World | News - Card networksMonday, 04 June 2018

Visa issues persist after outage
Company apologises for falling “well short” on payments reliability Read more ...

article thumbnail Card & Payments World | News - Corporate cardsFriday, 01 June 2018

PayHappy! campaign launches in Germany
SME programme links card payments to loyalty rewards 
Read more ...

Card & Payments World | News - Company newsThursday, 31 May 2018

Worldpay boss among ethnic minority role models
Recognition for efforts to promote equal opportunities Read more ...

Card & Payments World | News - FintechThursday, 31 May 2018

1,300% rise in transactions for cryptocurrency provider
Company expands despite bank bans
Read more ...

article thumbnail Card & Payments World | News - Loyalty/MarketingWednesday, 30 May 2018

Amex tests blockchain rewards
New loyalty project after cancellation of Plenti
Read more ...

article thumbnail Card & Payments World | News - FintechWednesday, 30 May 2018

New trademark to signify QR payments acceptance
Symbol can be displayed at merchant POS or in-app Read more ...

article thumbnail Card & Payments World | News - Corporate cardsTuesday, 29 May 2018

Digital rewards start-up raises £1m
Solution replaces loyalty cards with mobiles and payment cards  Read more ...

 
     
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