Tuesday, July 27th, 2010
Businesses in the Hospitality Industry are most at risk of compromising client card data. What can managers do to improve their own business and set it apart from their peers? I was impressed with many of the pointers in Visa...
Wednesday, July 7th, 2010
Visa's contactless cards in UK circulation passed the 8 million mark in June and will grow to 12 million by the year end, so reckons the card scheme. Whilst much of the current growth is down to Barclays' decision to issue contactless cards as...
Wednesday, June 2nd, 2010
Visa has launched its CodeSure system to make online transactions more secure. Cards have a display and generate one-time codes to authenticate online transactions. Once in issue, Visa cards will feature an alpha-numeric display and a 12-button keypad built into the back of a...
Wednesday, April 14th, 2010
Will Cash soon no longer be "King"? Card transactions could seize the UK "payments throne" within 5 years. In its 'The Way We Pay 2010' report, the UK Payments Council notes that cash, on the face of it, still appears...
Thursday, March 11th, 2010
Yesterday the UK Cards Association reported a drop in card fraud losses of 28% in 2009. Transactions where card holders are not present (phone, internet and mail order) continue to be the main area of losses at 60% of...
Friday, March 5th, 2010
Customer "plastic card" data security is still lax for many UK retailers. Staggeringly the vast majority have still to be certified as PCI DSS* compliant. Even more worryingly, a third appear unsure if they will meet the planned 30th September deadline. These latter are in real...
Tuesday, March 2nd, 2010
The upper amount for contactless card payments has been increased from £10 to £15. This is a big boost to the card industry's drive for wider acceptance of the payment method and brings the UK into line with the eurozone, where the limit is...
Friday, January 22nd, 2010
Banks are continuing to significantly increase margins. The Bank of England reported yesterday that the effective interest rate on all new or refinanced corporate lending has risen from 2 per cent in August to 2.4 per cent in November, even...
Friday, December 18th, 2009
The steady move towards widespread contactless card payments has been given a major boost as the government launches a public transport e-ticketing programme. It could see England's nine major urban areas go paperless within five years. The Smart and Integrated Ticketing Strategy...
Thursday, November 19th, 2009
At last .... anti-fraud measures that work! A fall in online card fraud, from $4bn to $3.3bn, is the first year-on-year reduction in revenue losses for US and Canadian merchants since 2003. And UK online retailers can learn from...