08 Jul 2004 04:29 AM

A major UK bank, First Direct, is seeking to cut card fraud by asking customers to use ATMs as little as possible, just a week after APACS reported Britons to lead Europe in terms of ATM usage

08 Jul 2004 12:49 AM

Barclaycard, by equipping 5,000 credit and debit cardholders with pocket-sized card readers, is looking to its EMV investment to provide two-factor authentication for online and remote transactions

07 Jul 2004 05:43 AM

With Celent reporting one in five US consumers to lack a credit card, and one in ten, a bank account, e-tailers are considering e-checks and invoices in order to appeal to more customers. E-tailers benefit from increasing sales

07 Jul 2004 05:30 AM

Payment operations, or the largest cost base in banks’ payments value chain, are “becoming the first point of attack in banks’ efforts to address issues of falling margins, operational efficiency and automation/STP”, according

06 Jul 2004 05:56 AM

Businesses lack the protection against fraudulent debit card use that consumers have under current federal regulations, since fraud liability limits are not extended to business debit cards. Sovereign Bank recently declined to reimburse a Rhode Island businesswoman for fraudulent purchases of USD 3,000 that were made on her

06 Jul 2004 05:43 AM

Ninety-five per cent of US checking account holders are unaware of the Check 21 Act, which will legalize the acceptance of electronic check images in place of paper checks in the processing system, according to a poll commissioned by NCR. Forty-one per cent of US banking customers presently receive canceled checks in the mail

05 Jul 2004 04:41 AM

Under a directive by the Bankers’ Association of the Republic of China, Taiwan’s banks are to issue chip-based ATM cards from next month as part of a co-ordinated move against card fraud. From next year, the 64.5 million mag-stripe ATM cards used in Taiwan, will be phased out. Banks like Taiwan Cooperative Bank and Bank of Taiwan

05 Jul 2004 04:01 AM

Citigroup is enabling its Banamex USA credit cardholders in the US to share their lines of credit with family or friends in Mexico in a bi-national program for which cards will be issued by California Commerce Bank, the US-based

02 Jul 2004 07:38 AM

Businesses lack the protection against fraudulent debit card use that consumers have under current federal regulations, since fraud liability limits are not extended to business debit cards. Sovereign Bank recently declined to

01 Jul 2004 06:57 AM

Although the global mobile phone ringtone market, which research firm Ovum estimates at about USD 2.5 billion, represents about 10 per cent of the USD 32 billion global music market, “ringbacks” are potentially an

01 Jul 2004 06:46 AM

The Bank of New York has added electronic invoicing, collection and disbursement functions to its treasury management services to enable its corporate clients to more easily capture payment data and authorizatons from

30 Jun 2004 02:48 AM

U.S. Bank’s (USB) corporate payment systems unit said on Tuesday it won a contract to provide purchasing card services to the U.S. Department of Transporation. The department said it expects an annual charge volume of $150 million through

25 Jun 2004 06:42 AM

International online orders can be risky for businesses, which take full liability for any fraudulent credit card purchases at their web sites, but the taking of certain precautions outweighs the risk. If a customer asks an e-tailer to

25 Jun 2004 06:20 AM

Three years after being arrested for making unauthorized Internet purchases with stolen credit cards, a Winnipeg man has been imprisoned for more than six years for global credit card fraud. The US Treasury Department was the main victim, as the man, Daniel Bedada-Letta, filed over 300 online orders for US savings bonds

25 Jun 2004 05:51 AM

US banks are predicted to spend USD 13.5 billion to USD 16 billion on re-engineering their payment processes between 2005 and 2007, with enterprise systems a particular focus for top-tier banks. Check 21 compliance will