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International Card Fraudsters Scam English Village

Dec 28 2007 under ePayment news
Dec 21 2007 : An entire English village appears to have fallen victim to an elaborate international payment card scam, police say. Hundreds of people living in Houghton on the Hill, Leicestershire are understood to have reported cash being withdrawn from their accounts, according to the BBC. The withdrawals were made from countries including Australia, India and the Philippines. Jim Funnell, the...
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Phishing Now a Multi-Billion Dollar Menace

Dec 20 2007 under ePayment news
Dec 20 2007 : U.S consumers lost US$3.2 billion in 2007 as a result of phishing attacks which stole their financial information, says Gartner Group. In the 12 months ending August 2007, 3.6 million U.S. adults lost money in phishing attacks, according to a survey by the U.S.-based research firm. Gartner says that 2.3 million Americans fell victim to phishing attacks in 2006. '"Phishing attacks are...
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UK Bank Launches Prepaid Card Business

Dec 18 2007 under ePayment news
Dec 18 2007 : UK high-street bank Alliance & Leicester is setting up a dedicated prepaid card business to take advantage of the booming prepaid market. The new business, the Prepaid Card Company Ltd (PCCL), will be 80 percent owned by Alliance & Leicester and 20 percent by the existing shareholders of Cupera International Ltd (CIL). CIL and Alliance & Leicester already have an existing...
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French Bank Launches Woman-Only Credit Card

Dec 18 2007 under ePayment news
Dec 17 2007 : The first ever payment card dedicated to women in France has been launched by BRED Banque Populaire. The BRED Affinity MasterCard debit card offers services and discounts that are intended to be attractive to women, the bank says. The card includes the option to pay for purchases in installments through an SMS text message-based credit request, and one- or two-year extensions of guarantees...
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FTC Charges Processors in Telemarketing Fraud

Dec 18 2007 under ePayment news
Dec 17 2007 : The Federal Trade Commission (FTC) is suing a group of U.S payment processors for taking millions of dollars from consumer bank accounts on behalf of fraudulent telemarketers and Web-based merchants. According to the charges, the defendants offered payment processing services to a variety of merchants who were using deceptive telemarketing or Internet-based schemes to extract money...
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Indian Bank, NCR Develop Portable ATM

Dec 11 2007 under ePayment news
Dec 06 2007 : Indian Bank has teamed up with NCR to develop a portable ATM. The cash machine, which is based on NCR's Personas 75 ATM technology, also acts as an e-ticketing kiosk, Chennai-based Indian Bank says. Indian Bank says it has installed its first portable, e-ticketing ATM at Egmore Railway Station in Chennai. The ATM will be followed the installation by Indian Bank of a further 51 portable,...
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Indian M-Payments Firm Targets U.S. Market

Dec 11 2007 under ePayment news
Dec 09 2007 : India's PayMate says it plans to enter the North American mobile payments market. PayMate will offer m-payment services to U.S. unbanked consumers as well as cellphone-based cross-border remittances from the U.S. The global cross-border remittance market is worth an estimated US$300 billion in 2007, with an annual growth rate of 8.5 percent, Mumbai-based PayMate says. North America...
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Indian Railways to Offer e-Ticketing at ATMs

Dec 11 2007 under ePayment news
Dec 10 2007 : Indian passengers may soon get a respite from long lines for tickets, as Northern Railways plans to introduce e-ticketing at ATMs in all major railway stations. Northern is the largest zone within Indian Railways, the country's state-owned train operator. It plans to install 305 ATMs in its stations, which will be free-of-charge to passengers. The ATMs will include Internet ticketing...
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Guilty Plea in Payment Processor Data Theft Case

Dec 07 2007 under ePayment news
Dec 06 2007 : A former employee at a subsidiary of U.S payment processor Fidelity National Information Services has pleaded guilty to stealing and selling information involving millions of the company's customers. William Sullivan, a database administrator who worked at Fidelity's Certegy Check Services unit, entered his guilty plea in federal court in Tampa, Florida on November 28. Sullivan now...
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Visa and PCI SSC Make Moves to Increase Adoption of Secure Payment Applications

Dec 04 2007 under ePayment news
Visa will require use of secure payment applications; Payment Card Industry Security Standards Council (PCI SSC) will oversee new Payment Application Data Security Standard (PA-DSS) If a merchant has not yet heard of Visa's Payment Application Best Practices (PABP), they soon shall. Visa and the Payment Card Industry Security Standards Council (PCI SSC) both issued announcements in the past months...
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