News and Events

Visa Inc. is making a virtual "wallet" that can hold people's card account information for faster checkouts at online shopping sites and real-world stores.

French eftpos terminal manufacturer Ingenico has confirmed that it has been contracted by Google to provide retailer check-outs with NFC hardware capable of redeeming discount coupons downloaded over an Android phone.

Banking representative body the European Payments Council (EPC) has released a set of guidelines for mobile contactless transactions in the Single Euro Payments Area (Sepa).

SafePass, a new two-factor authentication system that can be operated using a mobile phone, has been presented by Bank of America (BoA) for its Web banking customers. A second system involving a wallet card that generates passwords for single use in online brokerage and banking transactions is also being piloted by the Bank.

Accepting Contactless Payments: A Merchant Guide is available free at Smart Card Alliance Website.

Within one or two years, each resident of Russia will have a plastic bank card. At present, for each citizen in Russia, 0.6 bank cards are issued.

The owners of the Russian mp3 music Internet-shop Alltunes.com sued Rosbank that refused to maintain service for payments for songs, acquired at this site by Visa and Mastercard clients.

A federal appeals court stated that credit card companies that process payments for Internet pirates aren't liable for copyright infringement.

Mobile police declared a rise of credit card fraud cases in the city because of the people leaving their belongings -- such as purses and wallets -- unattended

Yesterday the European Union claimed that the United States have to pay compensation for a U.S. ban on foreign online gambling sites, which the World Trade Organization has found doesn't correspond to the global trade rules.

GE Money company - General Electric Company consumer crediting unit - announced the release of payment card eBay™ MasterCard�. The card was developed specially for making purchases at eBay on-line auction, at that it can be used as an ordinary plastic card.

MODASolutions has released the results of a new consumer eCommerce survey investigating the relationship between online bill payers and online shoppers.

The US House Financial Services subcommittee reviews payment industry standards to identify solutions to improve credit protections for consumers.

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