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Fraud eases but threat remains high

Fraud eases but threat remains high

Fri, Feb, 26 2010

British payments industry body the Payments Administration (PA) had good news recently when it announced that payments fraud losses had recorded their biggest decline in many years, falling by 23.5 percent to £232.8 million ($370 million) compared with the same period in 2008.

Criminals intensifying their offensive

Criminals intensifying their offensive

Fri, Feb, 26 2010

Already a scourge on the minds of payments executives, identity fraud shows no signs of slowing despite industry-wide fixation on stopping data crimes. This is highlighted by consultancy Javelin Strategy & Research’s 2010 Identity Fraud Survey Report which contains plenty of evidence that for all its efforts, the payments industry remains in a defensive mode as the sophistication and intensity of data fraud continue to grow.

Signs of progress in moribund SEPA

Signs of progress in moribund SEPA

Fri, Feb, 26 2010

The Single Euro Payment Area (SEPA), hailed by its promoters as holding the potential to provide the eurozone’s GDP with a boost of up to 3 percent, crossed the two-year mark on 28 January 2010 since the introduction of SEPA credit transfers (SCT) in 2008. SEPA direct debits (SDD) followed in November last year.

Small-town US at forefront of mobile NFC

Small-town US at forefront of mobile NFC

Mon, Jan, 25 2010

As major players in the US mobile phone-based contactless payments arena search for common ground, Bling Nation has seized the opportunity to launch a solution aimed at community banks. Robin Arnfield takes a close look at the opportunities and challenges that confront the start-up company.

M-Pesa sucsess story continues

M-Pesa sucsess story continues

Mon, Jan, 25 2010

Having overcome attacks on its non-bank business model, Kenyan mobile phone payments service M-Pesa continues to forge ahead at an impressive pace. With its long-delayed UK-Kenya remittance now in place, M-Pesa appears set to achieve more significant user and transaction growth in 2010.

Hypercom declares war on card fraud

Hypercom declares war on card fraud

Mon, Jan, 25 2010

High-profile data theft incidences have prompted payments processors and merchants to embark on a quest for enhanced security. Charles Davis speaks to Hypercom about its strategy to meet this demand by introducing solutions it has successfully deployed in Asia to other major markets worldwide.

Mobile security threat looms large

Mobile security threat looms large

Mon, Jan, 25 2010

Banks are offering mobile banking in their droves, a service made increasingly attractive to customers by web-enabled smartphones such the iPhone. But, as 41st Parameter’s Ori Eisen explains to EPI, history has shown that fraud follows payments innovations. Mobile banking will be no exception, he warns.

The road to SEPA success

The road to SEPA success

Mon, Jan, 25 2010

Though uptake of SE PA products has so far been disappointing, the new European payments system is here to stay – and for corporates that adopt it effectively, it holds cost and efficiency advantages. Experian’s Jonathan Williams sets out five steps corporates aiming to harness SE PA’s benefits must take

Mobile banking mushrooms in the US

Mobile banking mushrooms in the US

Tue, Dec, 22 2009

A mere blip on the US banking industry’s radar a mere three years ago, the mobile channel is today growing at a cracking pace. With input from a number of significant mobile banking technology players, EPI examines developments and future trends anticipated in the burgeoning US mobile banking market.

Smart safes streamline cash handling

Smart safes streamline cash handling

Tue, Dec, 22 2009

Despite the drive to increase the use of electronic payments, cash handling remains a major challenge for US merchants.

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