Russian banks won’t be able to mail credit cards without a borrower’s written consent. This regulation is provided by the project of the law on consumer’s loans published by the Ministry of Finance on March 30, 2012.
NXP Semiconductors N.V. and HID Global, both trusted leaders in solutions for the delivery of secure identity, today announced their collaboration to introduce a global, generic Mobile Access solution for NFC-enabled mobile phones.
American Express, which is trying to expand beyond the affluent customers it normally lends to, is testing the sale of prepaid cards in some Wal-Mart stores.
Merchants and consumers could be the big losers in the latest case of hackers cracking the complex systems used to process credit and debit card transactions.
Visa and MasterCard acknowledged Friday that they’ve been alerting banks about a major breach at Global Payments, an Atlanta-based payment card processing firm.
MasterCard will release an e-commerce anti-fraud product for merchants in May, said Mike Plotnick, MasterCard's communications leader. MasterCard announced the product at the Merchant Risk Council show in Las Vegas. The solution is designed for global merchants to assess transactions on U.S.-issued cards.
MasterCard and e-money experts Vincento Payment Solutions Ltd have extended their successful relationship by signing a new five-year strategic partnership agreement, which will see continued collaboration to bring innovative prepaid solutions to consumers across Europe.
After former president Scott Thompson departed for the CEO role at Yahoo, PayPal has named David Marcus, the former CEO and founder of mobile payments startup Zong and PayPal Mobile VP, as President. Ebay CEO and acting PayPal president John Donahoe posted the news in a blog post.
Individuals convicted of a wide range of hacking offences in the EU will face a minimum of 2 years in prison anywhere in the 27-nation bloc under new proposals accepted by an influential European Parliament committee.
The Ministry of Taxes of Azerbaijan plans applying a system of
electronic payment of taxes and state fees since the beginning of April. Head of the Ministry’s Taxpayer Service Department Elman Dadashov says that the system is ready for operation: «The Ministry plans to launch the system by late March or early April.»
EU authorities have decided to introduce an automatic passport control system by setting boundaries on the turnstiles, informed the head of the Directorate General of Internal Affairs of the European Commission Stefano Manservizi.
The board of directors of American Express Company today approved a $0.02 — or 11 percent — increase in the quarterly dividend on the company’s common stock. The dividend was raised to $0.20 a share, from $0.18, payable May 10, 2012 to shareholders of record on April 5, 2012.
BilltoMobile announced today that it is entering into a marketing agreement with Discover which will enable the two companies to drive market-leading innovation and value in the rapidly-evolving digital goods, mCommerce, and mobile payments space.
Focusing on website design and build could be vital to businesses looking to increase conversion rates, as a new report identifies the scale of lost online transactions.
UK consumers abandoned £1 billion worth of online shopping transactions, according to research from Experian, which blamed «old and inefficient identity measures» as the root cause.
According to DigInfoTV, a Tokyo video news site, Hitachi Kokusai Electric’s new development can sift through data on 36 million faces in one second. The report states the technology can find a face matching against either surveillance footage or a photo.
Logibox, the operator of automatic stations (pochtomats) for receiving and delivery of the parcels, became an official partner of Russian Railways (RZHD). In the framework of cooperation, to provide services and receive automatic delivery of parcels at the stations of RZHD signed a partnership agreement and a joint venture Pochtomat RV.
The number of online banking operations in Pakistan increased by 2.6% in the period from October to December 2011. Total transactions amounted to 66.96 million USD.
WebMoney Ukraine company is ready for more active cooperation with the National Bank of Ukraine (NBU). WebMoney connects its hopes with the advent of new team in the General Department of Information Technology and payment systems of NBU.
Tieto Oyj, the Finnish IT services company, said it is launching a new strategy for the period 2012-2016 which includes EUR50 million of cost cuts and loss of 1,300 jobs.
