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29 Mar 2004 03:03 AM
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Theft Of Card Receipts Affirms Need For Security:
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Over 180 credit card receipts were stolen from a Cricket Communications kiosk in the Boulevard Mall, Buffalo, New York State, by thieves who also took cash from a neighboring kiosk in the mall.
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29 Mar 2004 03:03 AM
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Credit Card Fraud A Risk At Offshore Call Centers:
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US credit card firm, Capital One, has ended its call center operations in India after reports that local staff were misleading its customers with unauthorized offers of credit, free gifts and club membership.
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26 Mar 2004 04:54 AM
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Banks 'Will Find Ways To Compete With Simpay':
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Mobile operator, Vodafone, is rumored to be spending Ђ400 million on a mobile payments platform that will be standardized across 27 of the countries in which it operates, but is not commenting on the issue.
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26 Mar 2004 04:54 AM
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Banks Now Consolidating Checking Infrastructure:
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Declining check volumes resulting from the Check 21 Act and the rise in e-payments are prompting US banks to reassess their transaction-processing strategy and to shut down redundant infrastructure.
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26 Mar 2004 04:54 AM
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A Quarter Of UK Purchases Will Be Online By 2009:
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By 2009, one-quarter of all retail purchases in the UK will be made online, versus one in 24 at present, according to the UK retailers’ association, Interactive Media Retail Group.
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26 Mar 2004 01:23 AM
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Banks Take To Enterprise-Wide Risk Management:
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Wachovia has built what it terms a risk-management ‘environment’ to integrate its technology, processes, reconciling, integrity and controls, and is reaping the benefits in the form of transparency in financial reporting.
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26 Mar 2004 01:22 AM
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Contact-Based Chip Cards Unlikely To Fly In The US:
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Target Corp’s abandonment of its chip card program after three years of operations proves that US retailers do not need to invest in a chip card infrastructure, argues David Weisman, of AMR Research.
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23 Mar 2004 01:30 AM
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Fraud Screening Saves Lloyds TSB Stg 20 Million:
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Fraud detection and analysis software helped UK high street bank, Lloyds TSB, to halve its debit card losses in 2003 and to save about Stg 20 million in total.
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23 Mar 2004 01:30 AM
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Cards Will Dominate Consumer Spending By 2007:
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Credit and debit cards will facilitate over 40 per cent of all consumer expenditure in most of the world’s largest economies within five years, according to a survey from Morgan Stanley.
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23 Mar 2004 01:30 AM
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Real-Time Reconciliation Gives A Competitive Edge:
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Financial institutions that deliver real-time payment reconciliation information to their customers achieve a competitive edge while reaping the benefits of multi-product reconciliation and exception management solutions.
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22 Mar 2004 05:17 AM
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Washington Mutual Debit Cardholders Hit By Glitch:
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Up to 30,000 customers of Washington Mutual had problems with their debit cards last Sunday, when a software glitch rejected transactions in progress, and, in some cases, charged the payments anyway.
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17 Mar 2004 02:43 AM
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Forrester Projects $6.8 Trillion for 2004 ($ B):
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17 Mar 2004 02:17 AM
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eBay Makes Shipping More Fluid :
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Giving the U.S. Postal Service a run for its money, Pitney Bowes is providing its Internet postage technology to eBay and PayPal.
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17 Mar 2004 02:17 AM
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PayPal Fails to Deliver :
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In related news, New York attorney general Eliot Spitzer has slapped a $150,000 fine on eBay-owned PayPal for misrepresenting the rights of account holders when an affiliated merchant fails to deliver merchandise.
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17 Mar 2004 02:16 AM
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PayPal Paying N.Y. $150,000 in Penalties:
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The nation's largest online payment service, PayPal, is paying New York $150,000 in penalties after misrepresenting to consumers its policy on repayment when merchandise doesn't arrive, the state attorney general said Monday.
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