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Card Fraud Report – 2015

Card Fraud is the driver of major industry initiatives such as EMV implementation to combat the use of lost, stolen and counterfeit cards, while 3D-Secure authentication protects against the fraudulent use of stolen card details online. But what is the scale of card fraud losses in selected European countries, Canada and the USA and how does it vary between markets? In… Continue reading >>

Target settles data breach for $10 Million

Target is said to be preparing to settle a class-action suit over its 2013 data breach by paying $10 million to set up a fund for breach victims, who will each qualify to receive up to $10,000 in compensation. Criminals compromised as many as 40 million accounts that affected as many as 110 million people. Among the information stolen was… Continue reading >>

Multi-channeI is biggest payment challenge for UK retailers

Multi-channel retailing was named as the biggest payment challenge facing retailers by nearly half (47%) of respondents to Ingenico Group’s survey at this year’s RBTE. Ingenico has revealed the results of its survey carried out at this year’s Retail Business Technology Exhibition (RBTE), highlighting that the biggest payment challenge facing UK retailers over the next five years is the ability to… Continue reading >>

mPOS player Payleven arrives in Ireland

Payleven, a European mPOS specialist, has announced the launch of its 11th market in the Irish Republic. Irish business owners can accept card payments without fixed costs, contractual obligations or minimum sales through Payleven’s chip and PIN card reader. As a gift for all Irish business owners, Payleven offers an exclusive introductory price of €64 for the card reader. Konstantin… Continue reading >>

UK shuns cash as cards dominate payment market

The way we pay for everything is changing, with more digital transactions than ever before. But how close are we to the tipping point? This weekend saw the end of cash as Britain’s dominant method of payment, and you probably didn’t even notice.Supposedly March 8 was the date on which transactions made be via credit, debit and other cashless methods… Continue reading >>

Ingenico introduces mPOS

Ingenico has launched the RP170c, an audio jack-based mPOS dongle that can accept payments made by mobile phone. The RP170c offers support for both NFC/contactless and mag-stripe payments via a 3.5mm standard audio jack that can be plugged into any iOS or Android device. The kit comes with an audible buzzer and color LEDs to signal completed contactless transaction and a software developer… Continue reading >>

iZettle launches free chip and PIN reader

Swedish mPOS specialist iZettle is launching the world’s first free-of-charge chip and PIN reader for merchant customers across Europe. The new iZettle Card Reader Lite connects to tablets and smartphones via cable. iZettle has enjoyed rapid growth over the past year, with its transaction volumes more than doubling in 2014. It is currently operating at a total annual transaction rate… Continue reading >>

orderbird and ConCardis provide NFC payment

orderbird, an iPAD POS provider, and its strategic payment partner ConCardis have launched a solution for cashless payment with card or contactless via NFC such as Apple Pay. The newly developed chip and PIN card reader allows for secure card payments and contactless payments via cards or smartphones equipped with NFC. The joint product increases orderbird’s presence in the Germany,… Continue reading >>

Mobeewave gains $6.5 million investment

Canadian NFC payments entrant Mobeewave has secured a $6.5 million funding round led by SBT Venture Capital. According to the company, the investment will be used to support market expansion and the accelerated roll-out of its products. Mobeewave’s proposition enables any NFC-enabled phone to be used as a contactless mPOS terminal to receive payments from ApplePay, contactless cards or NFC wallets… Continue reading >>

Retail Crime Survey: Retailers failing to protect themselves against fraud and cybercrime

According to the Retail Crime Survey, UK retailers have said that fraud increased by 12% year-on-year in 2013-14 and accounted for 37% of the total cost of crime during the period. The level of cyber attacks suffered by the vast majority of retail businesses either increased or remained unchanged in 2013-14, with most companies surveyed for the British Retail Consortium… Continue reading >>