Attacks on financial service providers, like the one that claimed more than 210,000 names and account numbers from Citi Corp., are no longer the exception. Hackers are continuing attacks to gain account information to commit fraud. Businesses and consumers need to be aware of the sites they are accessing, and steadfastly guard user names and […]

Secure ID and card personalization provider Datacard Group will hold an educational seminar for U.S. bank executives about incorporating EMV and NFC technologies into financial card portfolios. The seminar will take place on Oct. 10 at the Hyatt Regency McCormick Place in Chicago. Datacard’s seminar leaders will give a high level overview of the different […]

Visa Europe has released the results of its first ‘Contactless Barometer’ survey showing mostly positive attitudes toward contactless payments in the UK. Of the 2,000 UK consumers surveyed, those who use contactless payment cards responded with overwhelming positive feedback and expressed a desire to see wider availability of the technology, reports Visa. According to the […]

An EMV Training Academy has been established in Pasadena, Calif. to facilitate the adoption of EMV chip and pin technology in the U.S. and Canadian banking industries. Led by a group of veteran payment industry professionals and technology partners, the EMV Training Academy offers training courses, test tools and consultancy services covering the North American […]

Diebold is demonstrating new prototype ATMs with NFC and biometric technology, as well as “the world’s first virtualized ATM” at VMworld 2011 this week in Las Vegas. According to Diebold, the prototypes are part of a soon-to-be released ATM series that will feature biometric thumbprint authentication and NFC-enabled mobile banking support, as well as other […]

Ingenico has announced it is joining Globus hypermarkets in the first mobile payments pilot in the Czech Republic. Launched at the end of July, the six month trial involves 400 clients of Telefonica, Citibank and Commercial Bank using Samsung Star 5230 NFC-enabled handsets to make contactless payments at Globus super stores in and around Prague. […]

Although Visa Inc. has created an incentive plan to get merchants and acquirers to accept EMV chip cards by a certain deadline, ATM makers will also soon have to get into the chip card game and build machines that accept EMV cards, reports the American Banker. As EMV chip cards slowly make their way into […]

Financial aid refund systems have been a hot topic the past year. The conversation has focused around the fees these programs charge students and whether they leave them more in debt than necessary after they leave school. The Washington Post, syndicated radio shows and numerous other publications have called out these programs with claims they […]

U.S. Bank has announced that it now offers student loan customers two new incentives to graduate – the U.S. Bank Graduation Perk and the Good Grades Perk – giving the opportunity to earn up to three percent off their original loan amount financed. The Good Grades Perk rewards students with a one percent principal reduction […]

A new study from British research firm YouGov shows that Apple iPhone users are most receptive to mobile payments and banking among UK’s mobile phone owners, reports GigaOM. The overall results of the study were underwhelming, with 21% of those surveyed saying they would pay bills through a mobile device, 25% would transfer funds, 36% […]