Articles about Online Payments

Credit card fraud

UK tops European charts ... for carder fraud

The United Kingdom has copped the largest jump in credit card fraud of all European countries with an 18 per cent rise resulting in £88m ($114m, A$150m) of additional losses. Blighty outpaced fraud growth in Greece and Denmark where fraud increased by five percent according to Euromonitor International data mapped out by big …
Darren Pauli, 09 Aug 2016

Paying a PoS*, USA? Your chip-and-PIN means your money's safer...

The value of online fraudulent transactions is expected to reach $25.6bn by 2020, up from $10.7bn last year, according to a new study from industry analysts Juniper Research. The researchers predict that by the end of the decade, $4 in every $1,000 of online payments will be fraudulent. Juniper’s study, Online Payment Fraud: …
John Leyden, 03 May 2016
Bitcoin is the future of money CC 2.0 by Jonathan Waller

Reformed LulzSec hacktivist joins payments firm

Updated A payments firm has hired reformed LulzSec hactivist Mustafa Al-Bassam (formerly known as tFlow) for a new blockchain research project. London-based payments group Secure Trading has taken on Al-Bassam to help develop a platform that applies the verification benefits of blockchain technology in order to improve the visibility …
John Leyden, 16 Mar 2016
Facepalming statue

Brian Krebs criticises PayPal’s security as authentication flaws exposed

Updated Enemies of investigative reporter Brian Krebs took over his PayPal account twice on Christmas Eve, but were foiled on both occasions in their attempts to transfer funds to an account associated with an assassinated jihadist hacker, he said. Krebs, who has been the target of several previous unsuccessful attempts to discredit …
John Leyden, 30 Dec 2015

Lloyds Bank apologises for ClickSafe verification system snafu

Lloyds Bank has apologised for problems with its ClickSafe verification system that left customers unable to complete purchases online earlier this week. The site associated with the Verified by Visa-style system was unavailable on Wednesday and (according to complaints on social media) Tuesday. In a statement to El Reg on …
John Leyden, 18 Dec 2015

If at first you don't succeed, you're probably Google: Android Pay arrives

Google has finally rolled out its new mobile payment system for phones running Android in the US. Called Android Pay, the system largely copies Apple's Apple Pay system for iPhones by using the credit card companies' preferred method of "tokenization," which means a single-use token rather than your actual credit card …
Kieren McCarthy, 10 Sep 2015
Cartoon of fist clutching dollars smashing out of smartphone

PayPal pays $60m for Israeli predictive security start-up

PayPal has confirmed a $60m acquisition of security intelligence firm CyActive. The online payments firm, soon to be spun off from eBay, accompanied the announcement of the deal with plans to open a research hub in Israel. CyActive, founded by ex IDF intelligence unit cyberspies in 2013, specialises in trying to predict the …
John Leyden, 11 Mar 2015

Internet lobs $$$s at dev of crucial GPG tool after he runs short of cash

Werner Koch is looking at a big payday after pulling in over $150,000 to fund the continuing development of his crucial open-source GNU Privacy Guard encryption tools. Koch, 53, is a leading light in the free software movement: in 1999, he released GPG, which uses the OpenPGP standard to safeguard the communications of millions …
Iain Thomson, 05 Feb 2015
Bisley rifle range target. Credit: Darryl Stark

What do you mean, I have to POST a PHYSICAL CHEQUE to get my gun licence?

One thing the British state does well is waste money – as evidenced by its pouring of taxpayers' cash into millionaire model Lily Cole's online wishing well, or, say, fining itself hundreds of thousands for its pisspoor data security practices. Yet when it comes to firearms licensing, surprisingly few people see …
Gareth Corfield, 31 Aug 2014

Thanks for suggesting eBay should flog PayPal. It's not happening, CEO tells Carl Icahn

eBay has rejected a call from activist investor Carl Icahn to spin off its PayPal division into a separate company. John Donahoe, chief exec of the online marketplace, said that he had spoken with Icahn but the board and management believed that eBay and PayPal would do better if they stayed together. "The synergies are clear …
Candy Crush Saga

Candy Crush dev stuffs EU 'candy' trademark down gob

Updated The company behind the wildly successful Candy Crush Saga mobile games franchise already has its mitts on the European trademark for the word "candy" and is now awaiting approval for its application for the same thing in the US. "We have trademarked the word 'CANDY' in the EU, as our IP is constantly being infringed and we have …
Shaun Nichols, 22 Jan 2014
The Register breaking news

PayPal enters 21st Century with developer tools refresh

Online payments giant PayPal has spruced up its developer tools with new APIs, a new mobile SDK, and a new, one-stop developer website – all changes that company execs admit are long overdue. "Back in 2009, PayPal was the first financial company to open up its payments APIs for developers around the world," PayPal CTO James …
Neil McAllister, 08 Mar 2013
ISO7816 Tattoo

Visa to devs: Please take contents of our wallet

Buying stuff online should be so fast and fun that it resembles the experience offered by first-person shooters, in which as soon as one acquires a tool it is possible to start using it. That's the professional opinion of Greg Storey, head of Visa's service for Asia-Pacific, Central Europe, Middle East and Africa. Speaking …
Simon Sharwood, 27 Feb 2013
The Register breaking news

Amazon preparing 'disruptive' big data AWS service?

Exclusive Amazon Web Services looks set to launch a "disruptive" big data service that is sure to put the frighteners on traditional IT vendors. The as-yet-unnamed product will be run within AWS Data Services – an internal cloud product team that also handles the AWS Data Pipeline, AWS RDS and AWS RedShift, among others – according to …
Jack Clark, 19 Feb 2013
The Register breaking news

Wave of the Future? Smartphone NFC used to buy stuff ONLINE

Mastercard has started trials of online payments using the secure element in an NFC handset in France, and it looks like it could quickly become the standard way to buy stuff on the internet. The trial involves 160 staff at ING Bank in Paris, who've been given Galaxy SIII handsets and a PayPass account to play with. When …
Bill Ray, 08 Nov 2012
money notes lifted up

China's tech elite crack Forbes' Rich List

China’s growing army of tech entrepreneurs have consolidated their position at the apex of the country’s elite, according to the latest Forbes rankings, although most still have some way to go before challenging the likes of Gates and Ellison. Forbes Asia officially released its China Rich List on Monday, and although the Top …
Phil Muncaster, 15 Oct 2012
The Register breaking news

MasterCard beds Everything Everywhere for exclusive pay-by-bonk

MasterCard has signed an exclusive deal to develop a pay-by-wave platform for Everything Everywhere over the next half decade – hopefully one with greater impact than the existing QuickTap service. The first product of the deal will be a co-branded payment platform, using Near Field Communications (NFC) to facilitate pay-by- …
Bill Ray, 28 Aug 2012

PayPal is bleeding market share and it's all eBay's fault

Open ... and Shut Six years ago, PayPal could claim a 91 per cent market share in the US. Today it's struggling to claim long-term relevance in the surging online payments market, the market it helped to create. The problem isn't really a matter of functionality, it's a matter of focus and being able to sell its new services clearly and concisely …
Matt Asay, 18 Jul 2012
Chinese 'iPhone stove'

Alibaba's Linux phone pulls in one MILLION punters

Chinese web tat flogger Alibaba finally has some good news to report after sales of smartphones based on its Aliyun OS hit the million sales milestone in the People’s Republic less than a year after its launch. The e-commerce firm’s profits have been taking a hammering recently thanks to a slowing Chinese economy, investments …
Phil Muncaster, 31 May 2012
The Register breaking news

€165bn in e-commerce every year - and not a plastic card in sight

Alternatives to traditional credit and debit cards are now processing €165bn ($214bn, £133bn) annually – 22 per cent of global e-commerce – and that's just the start as the next generation of consumers grows up without seeing a plastic card. The numbers come from WorldPay, which should know a thing or two about online payments …
Bill Ray, 10 May 2012
The Register breaking news

Euro Central Bank to tighten grip on web cash security

The European Central Bank (ECB) is consulting on new standards to increase the security of internet payments in the European Union. The draft recommendations (26-page/991KB PDF) incorporate the work of the European Forum on the Security of Retail Payments (SecuRe Pay), which was set up in 2011 to encourage cooperation between …
OUT-LAW.COM, 24 Apr 2012
The Register breaking news

Crowdfunding, startup fever, come to Indonesia

Indonesia's technology sector is adopting familiar models to foster growing businesses. The Jakarta Post reports that the Indonesia Information and Communications Awards, a program sponsored by the nation's Ministry of Communications and Information Technology, will in 2012 offer a prize to the best startup as Indonesia seeks to …
Simon Sharwood, 11 Apr 2012
The Register breaking news

China wants global ecommerce crown

China has revealed ambitious growth plans to lead the word in e-commerce, quadrupling web sales to reach 18 trillion (£1.4tr) by 2015, but laid out a strict new set of policy measures to get there. A lengthy missive sent from the Ministry of Industry and Information Technology (MIIT) outlines the country’s 12th ‘five year plan’ …
Phil Muncaster, 28 Mar 2012
The Register breaking news

PayPal turns smartphones into checkout tills

PayPal has announced a card reader for Android and iOS phones, turning them into mobile payment systems. Called PayPal Here, the triangular device plugs into the phone via a jack and allows merchants to swipe credit cards and accept PayPal payments. The accompanying Here app also allows the phone's camera to scan and process …
Gavin Clarke, 16 Mar 2012
The Register breaking news

Telefonica tosses its dosh at pay-by-bonk upstart

Mobile-payment processor Boku has raised another $35m in finance, including some from its new BFF Telefonica who has awarded the company preferred-partner status for its developing wallet offerings. Telefonica, owner of the O2 brand, chipped in a significant proportion of that money, but more importantly it has agreed to make …
Bill Ray, 16 Mar 2012
The Register breaking news

EU asks why credit cards are so expensive

The European Commission is asking for input on better ways to integrate electronic payments across the European Community, and whether today's opaque billing mechanisms can be allowed to continue. The consultation – which talks about card payments but is most concerned with a future where e-payments and m-payments continue to …
Bill Ray, 19 Jan 2012
The Register breaking news

Visa's amazing answer to e-wallet domination: A new logo

Visa USA has launched its new logo, with service to follow next year, securing online payments by hosting your wallet in the Visa cloud. The idea is that you upload details of your payment cards to Visa, even if they're not Visa-branded, and Visa will process the payment without ever revealing your card details to the merchant …
Bill Ray, 17 Nov 2011

Intel implants cash register to help flog Ultrabooks

MasterCard and Intel have announced they'll be working together to put NFC readers into Ultrabooks that will secure online shopping as well as user identity. The agreement between Intel and MasterCard involves putting PayPass-compatible terminals into Ultrabooks, so any thus-equipped Ultrabook will be able to operate as an …
Bill Ray, 14 Nov 2011
The Register breaking news

Oz bank takes near-field plunge

Peer-to-peer payments, transfers via Facebook, and support for contactless near-field communications: the Commonwealth Bank has reached for the buzzword book to create a new payment system it hopes will help it ride on the back of huge growth in mobile payments systems. It also targets the huge growth of the iPhone in Australia …
The Register breaking news

Google Wallet and PayPal in electro-purse war

Google went live with its hotly anticipated Wallet application on Tuesday, though it will hardly hit the mass market yet – it runs only in the US, on the Sprint network, and on its own handset, the Nexus S. And eBay‘s PayPal – the firm which sued Google when it first unveiled Wallet in June – may be the more important player to …
Faultline, 24 Sep 2011
The Register breaking news

Sage blames downloads for downtime

Sage 50 customers should be able to access the cloud-based service now after almost a week of intermittent access. Glamorous Scouse Reg reader Caroline said: "We had problems last Thursday and couldn't get on all day. On Friday we had access in the afternoon but couldn't get back onto the site on Monday, but I did manage to …
John Oates, 06 Apr 2011

Sage Pay, down and out yet again

Online payment system Sage Pay is unavailable again today despite limping briefly back online yesterday. Disgruntled customers commenting on yesterday's story are threatening to jump ship to another provider, blaming a succession of failures from the online payment service. The disgruntled ones have also set up a Facebook …
John Oates, 04 Mar 2011

Sage Pay prevents punters blowing Xmas wad

Sage Pay has apologised for a four hour outage yesterday that left online merchants with no way to process payments for Christmas orders. Simon Black, managing director of Sage Pay, said: "I deeply regret the impact that we've had on your business, at what is the worst possible time for our systems to fail." The length of the …
John Oates, 07 Dec 2010
The Register breaking news

Commission to revise rules on rivals' agreements

The European Commission will revise its rules on agreements between competitors to help companies to agree on technical standards, it has said. The move is designed to help encourage cross-border trade in digital goods and services. Competition Commissioner Joaquín Almunia said that an EU digital single market could only …
OUT-LAW.COM, 02 Nov 2010
The Register breaking news

ITV to tinker with micropayments

Only half of ITV's income will come from advertising within five years, the company announced today. As expected, it's also going to develop paywalls around some of its premium shows, and will "test micropayments", according to chief exec Adam Crozier. Carolyn Fairbairn, the former BBC director of strategy and now ITV's …
Andrew Orlowski, 03 Aug 2010
The Register breaking news

Brussels declares war on web virgins

Information and communications technology is credited with half of all productivity growth in Europe over the last 15 years, which is why the European Commission is pushing for a "digital Single Market". Outlining the Digital Agenda Commissioner Neelie Kroes said the lack of a single market was one reason why Europe was …
John Oates, 20 May 2010
The Register breaking news

eBay shares down on good results

eBay shares were down almost nine per cent in after hours trading despite the company posting a pretty decent set of quarterly results. In the first quarter eBay made revenues of $2.2bn, up nine per cent on last year, and net income was $398m, up 11 per cent on the same period last year. The markets were partly spooked by …
John Oates, 22 Apr 2010
The Register breaking news

Bloke threatens BT with giant plywood cheque

It's Friday, so we're sure the following heartwarming tale will cheer your final slog into the weekend: how Reg reader David Humpage is giving BT some serious grief with giant novelty cheques. David wrote to the El Reg consumer affairs department explaining that a couple of years back he noticed he was being charged £4.50 a …
Lester Haines, 09 Apr 2010
The Register breaking news

Privacy service knocked offline by 'no bullsh*t' registrar

A recently launched anonymization service suffered a setback last week when, a France-based registrar that bills itself as a "no bullshit company," revoked its secure sockets layer certificate without warning. Last week's move against GoogleSharing caused its 30,000 users to instantly lose service, according to Moxie …
Dan Goodin, 05 Apr 2010
The Register breaking news

Trojan plunders $480k from online bank account

A Pennsylvania organization that helps develop affordable housing learned a painful lesson about the hazards of online banking using the Windows operating system when a notorious trojan siphoned almost $480,000 from its account. News reports here and here say $479,247 vanished from a bank account belonging to the Cumberland …
Dan Goodin, 14 Oct 2009

Google jacks up fees for Checkout service

Google has pissed off online merchants who use its Checkout service by upping the fees it charges for the online payment service. Rival service PayPal has been heavily criticised for upping fees and for aggressively "encouraging" its use on eBay - Australian eBay sellers could only take payment via PayPal until the company …
John Oates, 12 Mar 2009

XSS bug crawls all over PayPal page

Online payments site PayPal has been bitten by yet another cross-site scripting (XSS) bug that could be exploited by black hats to phish user passwords or possibly steal authentication cookies. At time of writing, opening the link revealed a tainted page that opened a javascript window that read: "Fugitif was here another time …
Dan Goodin, 10 Feb 2009
The Register breaking news

US credit card payment house breached by sniffing malware

Heartland Payment Systems - a payments processor that serves more than 250,000 US businesses - warned consumers Tuesday that their card data may have been compromised following a security breach of the company's payment system. The Princeton, New Jersey firm said forensic investigators discovered malicious software on its …
Dan Goodin, 20 Jan 2009
The Register breaking news

Brits happy to hand over password details for £5 gift voucher

UK consumers have rather glaring double standards when it comes to information security risks, according to a new survey by Symantec. Although the majority (60 percent) of 207 London residents were happy to hand over computer password data which might be useful to potential ID thieves in exchange for a £5 M&S gift voucher, the …
John Leyden, 26 Sep 2008
The Register breaking news

eBay Australia faces PayPal fury

eBay Australia's attempt to force all sellers to use PayPal is failing to win over users and still faces a competition investigation. The online auction house has suspended introduction of the scheme while the Australian Competition and Consumer Commission investigates it. The ACCC has already said that it is concerned that …
John Oates, 02 Jul 2008
The Register breaking news

Outsiders get a crack at eBay's Selling Manager

eBay is throwing open its Selling Manager tool to external developers building high-volume businesses based on its online platform. The company has announced Project Echo, which it promised would provide the same level of access to features and functionality in Selling Manager as enjoyed by applications currently developed by …
Gavin Clarke, 16 Jun 2008
eBay teaser 75

eBay Australia faces competition probe

eBay Australia's decision to only accept PayPal, which it owns, is being investigated by Aussie competition regulators. eBay Australia will force sellers to accept PayPal, and PayPal only, from 17 June. The decision has met with outrage from users of the site Down Under and is being closely watched because it is expected to be …
John Oates, 17 Apr 2008

Online banking payment system aims to reduce fraud

Online shoppers in the UK will be able to pay direct from their online bank account rather than via a credit or debit card, thanks to a new service. The POLi online bank payment platform aims to increase payment choice while reducing card-not-present fraud, a category of fraud covering ecommerce transactions which is on the rise …
John Leyden, 18 Mar 2008

PayPal buys Israeli security firm

PayPal is paying $170m for an Israeli security analysis company called Fraud Sciences Limited. Fraud Sciences' risk products will be used on PayPal and eBay sites. This is likely to be welcomed by many PayPal users who do not consider the company does enough to protect them against fraud. Several Fraud Sciences staff will …
John Oates, 28 Jan 2008
The Register breaking news torpedoes rogue server as malware scam rolls on

Trying to contain damage amid reports that con artists are targeting online job sites, Monster Worldwide has shut down a rogue server that was siphoning personal information from the resumes of job seekers. The disclosure came amid new details of a Trojan that's amassed personal information on hundreds of thousands of people. …
Dan Goodin, 23 Aug 2007