Articles about payments

Square contactless Reader

It's hip to be Square: Twitter founder Jack Dorsey's other firm targets White Van Man

Profile Ever wandered into a bank on weekday morning and marvelled at length of the queue? In a supposedly cashless era, it's the sight of a nation of shopkeepers depositing its cash. Co-founded by Twitter CEO Jack Dorsey, Square brings credit card payments to merchants who'd find them otherwise prohibitively complicated and expensive …
Andrew Orlowski, 25 May 2018
credit cards stacked up in a pile... with the one in the foreground in close-up

PCI Council releases vastly expanded cards-in-clouds guidance

The Payment Card Industry Security Standards Council (PCI SSC) has issued a big update to its guidance on using payment cards with cloud computing services. A lot has happened in the cloud since 2013, when the last version was published. Which may explain why Wednesday’s version three hit 83 pages, 31 pages more than version …
Simon Sharwood, 19 Apr 2018
shutterstock_263560157-nfc

Farewell, Android Pay. We hardly tapped you

“Android Pay” is no more, as Google attempts to unify its disparate transaction options under one brand. The redesigned, rebranded Google Pay app – which supersedes Android Pay – is already in the Google Play Store. Google has folded some of the functionality from its wallet app (creatively named, er, Google Wallet) into its …
Andrew Orlowski, 21 Feb 2018

Australia's new insta-pay scheme has insta-lookup of any user's phone number

Updated The brand-new app implementing Australia’s New Payment Platform (NPP) system has a user enumeration flaw, but the organisation responsible for it considers it to be a feature. The NPP is an instant-money-transfer scheme implemented by Australia’s banks to give customers an app that can transfer money between account-holders, …
pockets

Oh sh-itcoin! Crypto-dosh swap-shop Coinbase empties punters' bank accounts

Digital currency exchange Coinbase said it inadvertently charged punters for transactions they never made, effectively draining money from their bank accounts. It has promised to refund the money taken. For the past few days, netizens have been complaining that funds had vanished from bank accounts linked to Coinbase without …
Iain Thomson, 16 Feb 2018
The One Ring from Lord of the Rings

PCI Council and X9 Committee to combine PIN security standards

The PCI Security Standards Council (PCI SSC) and financial services standards outfit the Accredited Standards Committee X9 have decided to combine forces on personal-identification-number-handling-rules. Today, both have their own standards, which is a pain for organisations like banks that follow rules set by both …
Simon Sharwood, 15 Feb 2018
man yells in shock

BT backs down from charging millions in phone book listing fees

BT has quietly withdrawn its threat to charge communications providers millions in six years' worth of back bills for special-entry listings in its phone book. Providers faced unexpected bills of up to £30,000 for customers, such as high street shops, taking out the special ads in the BT Phone Book – i.e. having a box around …
Kat Hall, 9 Feb 2018
Forever 21 storefront

Shopped in Forever 21? There was bank-card-slurping malware in it for, like, forever

Clothing chain Forever 21 has admitted a malware infection on its cash registers swiped customer payment card details for most of last year. The retailer issued a statement revealing that from how last year, from April 3 to November 18, hackers were able to harvest the payment card details from point of sale (POS) terminals in …
Shaun Nichols, 3 Jan 2018
Person using a card reader

Lloyds Bank payments glitch frustrates merchants

Lloyds Bank has admitted that unspecified technical problems affected the operation of its Cardnet payment system on Tuesday. The UK bank denied suggestions that it had suffered a cyber attack. The Register learnt of a potential issue after a reader got in touch to say that many chip-and-PIN terminals were not working for …
John Leyden, 20 Sep 2017
Vodafone adds payment cards to mobile wallet

UK not as keen on mobile wallets as mainland Europe and US

The UK is lagging behind other countries in mobile wallet adoption, according to a new survey out today. Consumers in the US and Europe are catching up with those in fast-growing economies in Asia and Latin America where mobile wallets have already become the dominant payment platform, according to an online survey of 6,000 …
John Leyden, 5 Sep 2017
Apple

Wallet-snatch hack: ApplePay 'vulnerable to attack', claim researchers

Black Hat USA Security researchers say they have come up with two separate "attacks" against ApplePay, highlighting what they claim are weaknesses in the mobile payment method. One of the attacks developed by the white hats, and presented at Black Hat USA yesterday, requires a jailbroken device to work, but the other assault does not. In …
John Leyden, 28 Jul 2017
Woman uses card reader at coffeee shop. Photo by Shutterstock

Why being late isn't fatal for Samsung Pay

Samsung has finally launched its mobile payments service, Samsung Pay, in the UK. The chaebol acquired the technology by buying LoopPay and launched the service in South Korea in August 2015. It seems odd that you still have to swipe a Nectar card separately after you've done your contactless payment thing with your phone or …
Andrew Orlowski, 17 May 2017
Mobile banking, image via Shutterstock

Visa cries foul over Euro regulator's stronger authentication demands

The EU banking regulator’s plans to reduce fraud by obliging the use of passwords, codes or a card reader to authenticate electronic payments above 10 euros have drawn fire from the payments industry. Visa and others argue that mandated authentication checks put forward by the European Banking Authority risk disrupting online …
John Leyden, 23 Nov 2016
Vodafone adds payment cards to mobile wallet

Europe loves to pay by bonk* - survey

Consumers use of a mobile device – either a smartphone, tablet or wearable – to make payments has tripled over the past year, according to a Visa-backed survey. The number of Europeans regularly using a mobile device for payments has tripled from 18 per cent to 54 per cent since 2015, according to the results of an online poll …
John Leyden, 12 Oct 2016
Mobile banking, image via Shutterstock

Not enough competition in payment processing tech, thunders regulator

A UK government regulator is calling for greater competition in banking payment infrastructure provision. The Payments Systems Regulator’s (PSR) market review into the ownership and competitiveness of infrastructure that supports the three major UK payment systems – Bacs, Faster Payments Service (FPS), and LINK – concluded …
John Leyden, 29 Jul 2016

You really do want to use biometrics for payments, beam banks

Two in three European consumers actively want to use biometric technology when making payments, according to a new Visa-sponsored survey. Nearly three in four (73 per cent) see two-factor authentication – where a form of biometrics is used in conjunction with a payment device – as a secure payment authentication method. More …
John Leyden, 14 Jul 2016

Google's Android Pay hits Australia

Android Pay has launched in Australia, with ANZ Bank being the first of the Big Four able to use the phone-only facility. The technology allows mobile payments to be made directly from mobile phones in what payment security types say is a boon to anti-fraud initiatives. It is live for Australia's ANZ Bank, Macquarie, MyState …
Darren Pauli, 14 Jul 2016
Microsoft Wallet

Microsoft hops onboard bonk-to-pay bandwagon

Microsoft has launched its entry into the near-field communications (NFC) mobile payments space. The Microsoft Wallet app will allow Windows Mobile users whose phones are equipped with NFC hardware to link their bank accounts and credit cards to their handsets for retail transactions. Currently, the Wallet app is limited to a …
Shaun Nichols, 22 Jun 2016

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