All articles by Zak Garner-Purkis
Zak Garner-Purkis
Telefónica brings NFC mobile wallet and P2P money transfer to Germany
Mobile phone operator Telefónica will offer its German customers a person-to-person (P2P) money transfer service and NFC enabled mobile wallet from mid-February.
MasterCard makes technology available for US EMV migration
Global card issuer MasterCard has revealed that it will allow other US debit networks to use its payment technology systems, as the company seeks to encourage the US migration to the EMV chip-and-PIN payment standard.
Into the future…
As we prepare to move into a new calendar year, we asked key industry figures how they think the payment industry will evolve in 2013. The overriding theme revolves around the impact of new technologies, but opinions from across the payments sector vary significantly, writes Zak Garner-Purkis
Americans set to take on more debt in 2013
Interest in credit-based financial products by US citizens is likely to reignite in 2013, a quarterly survey of US bank risk professionals by Credit analysts FICO has suggested.
Amex cuts 5,400 jobs
American Express (Amex) has cut an estimated 5,400 jobs, predominantly in its travel business area. The company has explained this sector has been “fundamentally reinvented” by the digital revolution.
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EU Card fraud costs EUR1.5bn
A report by European law enforcement agency Europol has found that organised crime groups earn EUR1.5bn from card fraud although there has been in decrease in recent years as technological advancements have increased the security of transactions.
Russian government to issue ID-Payment card
The Russian government will begin issuing a universal identification and payment card this month. The card has been developed with the aim of streamlining the payment of pensions and taxes and can also be used like a bank card in stores, according to Russian news agency RIA Novosti.
Starbucks stores to sell Square readers
Square has revealed that its mobile POS card readers will now be sold at 7,000 Starbucks stores in the US.
MasterCard claim 2012 Contactless expansion
MasterCard have revealed its PayPass contactless figures for the past year. Since January 2012 growth in PayPass-enabled cards has risen more than 50% with retail acceptance doubling in the same period in over 255,000 locations across Europe.
UK card spending rises and delinquencies drop
UK card spending has increased to a two-year high, while delinquencies have dropped to a two-year low, quarterly data by credit analysts Fico revealed.