Articles about payments

Bitcoin is the future of money CC 2.0 by Jonathan Waller https://www.flickr.com/photos/whitez/

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
Selection of Australian banknotes

RSA: Fraud may double as 2017 Oz snap bank transfers cut safety nets

Australia's long-awaited instant bank transfer reform will result in more fraud attempts and fewer theft recoveries according to RSA fraud boffin Tim Dalgleish. The reforms known as the New Payments Platform (NPP) is slated for operation late next year and is designed to push the antipodean banks to innovate, while providing …
Darren Pauli, 16 Feb 2016
Parliament in the clouds

GDS to handle Govt payments? What could possibly go wrong?

Be afraid. The previous government’s “elite digital team” which so brilliantly borked most of Whitehall’s websites, and that failed to meet its own targets, may be put in charge of handling real money: your money. New Cabinet Office Minister Matthew Hancock hinted at the opportunity at a gentle public grilling today. Although …
Andrew Orlowski, 22 May 2015
Samsung Galaxy S5

Got a Samsung Galaxy S5? Crooks can steal your fingerprint – claim

RSA 2015 Malware can snaffle fingerprints used to unlock Samsung Galaxy S5 smartphones thanks to a security blunder, researchers claim. The vulnerabilities, due to be discussed at the RSA security conference in San Francisco this week, may be present in non-Samsung Android mobiles, too. Today's smartphones recognize their owners' …
John Leyden, 23 Apr 2015

Lloyds supplier payments TITSUP: What, you want money from a bank?

Exclusive Lloyds Banking Group’s (LBG) failure to settle debts with some tech suppliers over the past few months has reached “crisis” point, and could have dire consequence for smaller players, sources tell us. The High Street lender recently automated its payment processing system and brought it back on-shore with the intent of …
Paul Kunert, 16 Jan 2015
Funny money from south of the river

BONK for CASH in Brixton and help us EAT the RICH

The Brixton Pound (B£), the private currency for denizens of the slightly more affordable bit of earth next to Clapham, is to adopt near field communications, or NFC, payments. The area – which has become so painfully fashionable the locals are fighting back against poshos buying all the houses – has had its own currency for …
Simon Rockman, 22 Dec 2014

Routine WHAT NOW? Bank of England’s CHAPS payment system goes TITSUP

The CHAPS system used to handle most bank-to-bank transfers in the UK has collapsed, with all mortgage payments currently on pause. We were told that the problem was due to an update over the weekend, when the details of new CHAPS users were being added and old ones removed. This is meant to be a routine operation, but a …
Jasper Hamill, 20 Oct 2014
Apple iPhone 6

Apple's iPhone bonk to 'Pay' app launches on Monday

Update Cupertino's plans to dominate the world of pay-by-bonk have been exposed following the leak of what appears to be a TOP-SECRET Apple Pay training manual. All Apple staffers will apparently take part in an hour's training on the new bonk-to-pay system, which is expected to be launched later this month following an event on 16 …
Jasper Hamill, 13 Oct 2014

Payment security vastly improved when you DON'T ENTER your BANK DETAILS

Developments around "tokenisation" should help to “instil confidence in a payments environment challenged by more frequent data breaches” and fraud, according to a report released by the Federal Reserve Bank of Boston. The June 2014 report from the US Federal Reserve's Mobile Payments Industry Workgroup (MPIW), which was …
OUT-LAW.COM, 30 Sep 2014
Vrublevsky's Facebook image

Spammer sprung to run Russian national payment system

Russia has reportedly hired a man to develop its national payments system, days after the alleged mastermind of one of the country's biggest pharmacy spam networks was granted early parole. The criminal allegations following Pavel Vrublevsky were prodigious but were largely denied or unconfirmed by the 35 year-old Moscow …
Darren Pauli, 4 Jun 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 …
The Register breaking news

Best Buy, Target, Walmart, others to take on Google Wallet

In a move that opens a new front in the ongoing bricks-and-mortar versus e-commerce struggle, a group of fifteen major retailers have joined forces to develop a new mobile payment system to challenge Google Wallet. The consortium, which includes such American heavy-hitters as 7-Eleven, Best Buy, CVS, Lowe's, Shell, Target, and …
Neil McAllister, 16 Aug 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 Android devs: Google's hanging on to our pay

Android developers across Europe are up in arms as Google hasn't processed their March payments, which should have arrived more than a week ago. Google pays developers their 70 per cent share every calendar month, normally in the first few days of the month, with the money then taking a few days to clear. But this month dozens …
Bill Ray, 14 Mar 2012
The Register breaking news

Google to app devs: Use our pay system ... OR ELSE

Google has been threatening developers who are using alternative in-app payment mechanisms, enforcing the T&Cs which allow it to kick out anyone accepting payments which are not routed through Google. The news comes from Reuters*, which claims to have emails from Google giving developers 30 days to switch their in-application …
Bill Ray, 9 Mar 2012
The Register breaking news

Google Wallet falls open after casual hack

Turns out it's not necessary to decrypt the PIN, or even hack into Google's Wallet, just ask the phone nicely and it will let anyone root though its innards. The flaw was spotted by The Smartphone Champ, and unlike yesterday's efforts which required root access and a modicum of brute force, this hack barely qualifies for the …
Bill Ray, 10 Feb 2012
The Register breaking news

1 euro in every 7 spent on a Visa card

Visa will be launching a digital wallet this year, and expects to see half of Europe's transactions being done on a mobile phone by 2020, but plastic cards are looking good too, according to Visa Europe's Annual Report. It's no surprise that Visa is planning a 2012 launch; it has already announced that there will be a special …
Bill Ray, 26 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

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