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26-12-07
FBI creates the biggest biometric database

US Federal Bureau of Investigation (FBI) is working on Next Generation Identification project – establishment of the world's biggest biometric database.

26-12-07
A major card fraud uncovered in Armenia

A criminal was detained in Yerevan (Armenia), who had stolen a unique sum of money in cash – 1.5 million dollars from ATMs with a counterfeit Visa credit card made in India.

25-12-07
Rapid development of Internet-banking in China

According to the China Financial Certification Authority (CFCA) survey, in 2007 about 30 % of private and 30 % of corporate bank clients in 10 big China cities took advantage of the online-services, which, accordingly, by 4.2 % and 1.7 % exceed similar indices of 2006.

25-12-07
New Trojan attacks banks’ clients

Specialists from SecureWorks, an anti-virus software company (USA), have found Prg Trojan, a new version of Trojan virus generation, specially developed for bank fraud purposes.

24-12-07
Ukrainian banks issued over 49 million MasterCard and Visa cards

According to the Ukrainian Interbank Payment Systems Member Association (EMA), by December 2007 Ukrainian banks issued over 49.1 million cards of Visa Int. and MasterCard Worldwide.

20-12-07
Indian M-Payments operator targets the American market

PayMate, Indian provider of mobile payment services, announced its plans to enter the North American market soon.

20-12-07
Internet crime becomes a real threat to the international security

According to the report of McAfee experts in virtual criminology, attacks targeted at Web-based services will constitute one of the 10 biggest global security threats in 2008.

20-12-07
Theft of 20 million dollars via Internet was masterminded by a teenager

On November 30, 2007, a teenager from New Zealand was arrested on suspicion of being the ringleader of a hacking network which infiltrated over 1.3 million PCs and stole millions of dollars from bank accounts around the world.

19-12-07
Emergency Cash for people, who lose cards

Royal Bank of Scotland launches a new urgent cash-dispensing service Emergency Cash.

19-12-07
MoneyGram refuses Euronet

Euronet Worldwide, electronic payment operator, announced that its proposal to buy MoneyGram money transfer system for $1.65 billion dollars had been rejected.

18-12-07
Rosan becomes the biggest producer of cards in the African market

Rosan Co. announced a successful termination of Visa Int. certification of a new card production organized in partnership with SecureID, Nigerian company. A block of SecureID shares has been recently acquired by the Russian vendor.

18-12-07
Ingenico and Sagem SecuritГ©: new names in the epoch of alliances

Ingenico and Sagem SecuritГ© signed an agreement on merger of their business activities in payment solutions development

17-12-07
Sitronics started production of 0.18 micron chips in Zelenograd

On December 12, 2007, Sergey Ivanov, the first vice-premier of Russia, solemnly opened a new Sitronics microcircuit production line in Zelenograd.

17-12-07
VeriFone opened repoffice in Russia

On November 22, 2007, an official press conference and an evening reception were held in Moscow, dedicated to the opening of VeriFone Russian repoffice, which will be based in Moscow.

17-12-07
Volume of money transferred from Russia by physical persons has doubled

According to the Bank of Russia, in the period from the beginning of January to the beginning of October, 2007, physical persons-residents in the Russian Federation transferred 13.022 billion US dollars from Russia to foreign countries, which is 91 % more than a similar period of 2006.

13-12-07
Wincor Nixdorf ATMs can accept notes and checks in one bundle

Wincor Nixdorf announced introduction of new ATM technology for accepting mixed stacks of cash and checks.

13-12-07
UEFA EURO 2008 will gain 1.4 billion euros for the European economy

According to MasterCard-ordered research, UEFA EURO 2008 football championship will gain over 1.4 billion euros for the European economy.

 

13-12-07
Diebold offers outsourcing services in Russia

Diebold announced launch of a new complex service system for ATM networks in Russia.

13-12-07
The first PayPass card in Germany will be issued for air passengers

On December 10, 2007, MasterCard Worldwide announced conclusion of an agreement with BayernLB, German bank, and Deutsche Kreditbank (DKB), its affiliated company.

12-12-07
Planet Payment will identify holders by their voices

Planet Payment, New York company, plans to use voice biometric-based authentication software of Israeli company PerSay in its multi-currency payments processing system. Software from PerSay will allow consumers to make purchases from Planet Payment’s merchant customers by using interactive voice recognition.

05-12-07
UCS: 15 years in the card market

UCS Joint-Stock Company has summed up the results of its 15-year activity in the Russian market of credit cards.

05-12-07
Russia will produce Chinese ATMs

Beijing C&W Technology, Chinese company, intends to organize production of ATMs in Russia.

04-12-07
Payment terminals will work under the old scheme for 3 more months

At the end of November, 2007, a closed conference in the Ministry of Finance of the Russian Federation devoted to the questions in the markets of payments for telecom sevices, housing and communal, and other services, adopted a decision recognizing the scheme of work of the terminals without banks as control links for reception of payments, as corresponding to the existing legislation.

03-12-07
First contactless payments in Scandinavia

MasterCard Worldwide together with DnB Nor, Norwegian bank group, and Telenor, telecom company, intend to start public testing of contactless mobile payments based on Near Field Communications (NFC) technology and use of PayPass cards. 

29-11-07
Banks of India stake on biometric ATMs

Punjab National Bank followed the example of Andhra Bank and ICICI-Bank and installed its first biometric ATM in India, in the city of Gautam-Budh (State of Uttar Pradesh).

26-11-07
Large-scale issue of biometric foreign passports in Russia is scheduled for 2008

On January 1, 2008, all regions of Russia will begin to issue new biometric foreign passports.

22-11-07
Terminal networks rely on deputies’ protection

In the middle of November, 2007, instruction № 1842-U of the Bank of Russia came into force. It specifies the principles of operation of the organizations accepting payments for municipal and telecom services.

21-11-07
First contactless MasterCard PayPass co-branded cards in France

MasterCard Europe jointly with Banque Accord (bank subdivision of the French chain of Auchan hypermarkets, specializing in electronic banking, operations with bank cards and credits) started implementation of the pilot project of the first in Europe contactless MasterCard PayPass co-branded cards issue.

16-11-07
Prepaid cards are used for terrorists’ attacks preparation

According to experts from UK National Terrorist Financial Investigation Unit  (NTFIU),  now terrorists actively use prepaid gift cards, cell phones and the Internet to transfer funds.

15-11-07
MLID fines will be paid on the spot, but via POS-terminals

Ulyanovsk Motor Licensing and Inspection Department and FIA-Bank have started installation of POS-terminals in patrol cars, by means of which MLID officers will accept payments for the imposed fines directly on the spot.

14-11-07
Technologies would help to prevent terrorists’ attacks

Various security services in the airports – airport screeners, customs agents, police officers and members of the military, everyone who everyday has to analyze behavior of thousands of  people can soon get a more reliable instrument than their own intuition.

14-11-07
Payments via ATMs are suspended till elections

State Duma has postponed consideration of the bills «On amendments to article 13.1 of the Federal Law «On banks and bank activity» introduced on October 29, 2007, by Vladislav Reznik, Chairman of the Duma Committee on the Credit Organizations and Financial Markets.

09-11-07
India will test Visa Money Transfer service on mobile phones

Three leading banks of India – Corporation Bank, HDFC Bank, ICICI Bank – and mChek, developer of banking technologies, intend to undertake in the near future a public test of a new service function from Visa Money Transfer – money transfer by means of mobile phones.

09-11-07
Mongolian Savings Bank chooses DUET

BGS Smartcard Systems and Savings Bank of Mongolia have signed a contract on supply of DUET smart-technology to the bank and started work on creation in Mongolia of a payment system for servicing of mass daily purchases.

08-11-07
NXP will supply chips for electronic passports of the second generation

In the beginning of November, 2007, NXP Semiconductors announced its plans to supply SmartMX, state-of-the-art chips, to Germany. SmartMX chips will provide the basis for ePassport, the first-ever project of electronic passports of the second generation, containing digital image of owner’s two fingerprints.

02-11-07
AT&T offers an RFID-solution for public health services

AT&T is the first company to present in the market a complex RFID-solution for public health services, allowing to obtain the reports necessary to increase the security of patients and improve efficiency and financial indexes of the medical institutions.

01-11-07
Diebold ATMs will sell prepaid cards

Diebold is the first producer to get a certificate on the use of technology from Better ATM Services (Arizona, USA), which allows to dispense prepaid gift cards from ATMs.

29-10-07
Do credit cards lose their positions in electronic commerce?

Javelin Strategy & Research (USA) came to conclusion that the dominant position of the international payment systems’ credit cards used by American consumers in electronic commerce will be shaken. The main reason is that Americans would prefer higher security and convenience of the alternative payment systems.

29-10-07
The other side of Internet-shopping’s success

Interactive Media in Retail Group (IMRG), British research organization, states in its report that an essential increase of the volume of sales via Internet in the British market is, however, accompanied by a growing rate of card fraud.

25-10-07
European banks admitted their unreadiness to implement SEPA

According to Finextra Research (USA), independent analytical company, the European banks are rather pessimistic about the prospects of their obligations to start the first stage of SEPA project set for January 1, 2008.

24-10-07
Most PCs in the USA have no protection against cyber-crimes

According to the report based on the research undertaken by McAfee Company and the National Cyber Security Alliance (NCSA), most US citizens are absolutely helpless in the questions of the demanded level of Internet-security in the conditions of the constantly growing cyber-crimes.

23-10-07
British cardholders can lose some of their rights

The British credit card issuers took an extreme measure and addressed the Chamber of Lords with a request to deprive the cardholders of their traditional right to insurance protection against poor-quality purchases abroad.

23-10-07
Australian government plans to remove ATMs from casinos

Peter Costello, Federal Treasurer of Australia, has called authorities of the country to remove ATMs from casinos, because, in his opinion, they only increase temptation of the hot-tempered players.

22-10-07
NXP solution is used in a cellular telephone on solar batteries

Hi-Tech Wealth Company, major Chinese manufacturer of the mobile phones supporting GSM and CDMA telecom standards, has opted for Nexperia Cellular System Solution 5110 from NXP Semiconductors for use in the first-ever mobile phone on solar batteries S116.

19-10-07
Visa comments upon Sainsbury’s cheque ban

Our readers remember that from August 1, 2007, Sainsbury’s chain of British supermarkets will no longer accept cheques as payment.

19-10-07
PIN-Less debit cards become popular in the US market

In 2007 the use of the PIN-Less debit cards in the American system of payment for various services will grow by 40 %.

18-10-07
NCR presented in Russia weatherproof ATMs


Corporation NCR presented in the Russian market an innovative ATM - NCR Personas 71 of a very compact size and special design providing full protection against the environment and ensuring its operation in any weather conditions.

15-10-07
Card payment for taxis: now available in Novosibirsk

Novosibirsk URSA Bank and Gulf Stream, local taxi company, started introduction of non-cash payment services in taxis. Thus, the company installed in a number of cars GPRS payment terminals accepting cards of Visa, MasterCard and Golden Crown.

10-10-07
The first AmEx VIP-cards in the market of Kazakhstan

Kazkommertsbank (Kazakhstan) is the first in the country to issue and promote American Express Gold Card and American Express Platinum Card of American Express nominated in tenge and in US dollars.

09-10-07
CyberPlat begins to sale electronic air tickets

CyberPlat has started implementation of its e-ticketing project of payment for SKYEXPRESS flights and for additional services.