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Top 10 financial services stories of the year
News Mastercard launched such a card in September. Apacs estimates five million contactless payment cards to be in circulation by the end of next year. While fraud on UK issued cash cards rose by 26 per cent in the first six months of 2007, Apacs... [17 Dec 2007]
Christmas spend online to hit £5bn
News There is also an Apacs website explaining how to sign up to security schemes such as Verified by Visa and Mastercard SecureCode. UK shoppers are forecast to spend more than £5bn online during December, according to UK payments association Apacs. [30 Nov 2007]
'Tap and go' plastic arrives in London
News MasterCard has launched its contactless payment tech in the UK. The MasterCard PayPass and Maestro PayPass contactless cards allow consumers to buy items costing less than £10 by simply waving their debit or credit card in front of a reader. [04 Sep 2007]
Online fraud up but card fraud down
News The banking industry is working on the next generation of fraud prevention for card-not-present transactions - such as a handheld chip and PIN device developed by MasterCard and Visa, for use with internet shopping. [15 Mar 2007]
Handheld credit card readers to cut fraud
News Apacs has developed the system, which uses a handheld card reader, from the global standard created by card companies MasterCard and Visa. A new payments system aimed at reducing 'card not present' fraud is to be trialled by UK payments association... [15 Feb 2007]
Plastic for the people - cash ditched for cards
News And MasterCard and Visa are turning their attention to contactless payments. A study from MasterCard found half of European consumers believe cash will be almost obsolete within 10 years. According to figures from banking industry body Apacs... [01 Aug 2006]
Plastic fantastic - the future of credit cards
News But with contactless payment projects from the likes of MasterCard and Visa, and Transport for London - which uses the Oyster smartcard ticketing system - looking to move into contactless payments, could it spell the end for the credit card? [04 Jul 2006]
Online child abuse - a decade on and the IWF reports progress
News He criticised those coming up with systems, albeit intended for other purposes, that allow anonymous surfing of the web but praised payments outfits MasterCard, Switch, Visa and even Apacs for their "work behind the scenes". [09 Mar 2006]
Is fraud frightening online shoppers this Christmas?
News To boost the confidence of online shoppers, MasterCard has introduced a two-factor authentication service called SecureCode - a pop-up box that requires a password to authorise any transactions used with MasterCard. [06 Dec 2005]
Chip and PIN shifts fraud to online shops and banks
News They should also sign up to the Verified by Visa and MasterCard SecureCode schemes, both of which then make it more difficult for a fraudster to use their card details. Fraudsters snatched £58m using stolen credit cards online in the first half of... [08 Nov 2005]
Leader: Careful with that customer data
Leader Several high-profile cases of data loss haven't helped - including one involving MasterCard and Visa earlier this year, in which both suffered a data breach that affected tens of thousands of customers. [07 Oct 2005]
Chip and PIN heads for cyberspace
News MasterCard has created a worldwide standard for the card readers but Apacs is working on a local version. Apacs, the Association for Payment Clearing Services, which is overseeing the rollout, insists that the new cards are much more secure than... [27 Sep 2005]
£1.1bn anti-fraud card scheme still on track
News The UK is the first country in the world to adopt the EuroPay Mastercard Visa (EMV) card standard, and one in five cardholders are expected to have the new cards by Christmas this year. The Chip and PIN project, which is backed by payment clearing... [26 Jan 2004]
£1.1bn fraud-busting bank card scheme goes nationwide
News The UK is the first country in the world to adopt the EuroPay Mastercard Visa (EMV) card standard, and one in five cardholders are expected to have the new cards by Christmas this year. The 'Chip and Pin' project, which is backed by payment... [02 Oct 2003]
Retailers warned over £1.1bn fraud-busting scheme
News All the main banks and card companies along with 1,000 retailers took part in the testing, including names such as Asda, McDonald's, Marks and Spencer, Tesco, Abbey National, Barclays Bank, Egg, HSBC, Lloyds TSB, Mastercard, Switch and Visa. [11 Sep 2003]
