online payments in news
Online fraud up but card fraud down
News Total losses through card fraud fell by three per cent in 2006 - from £439.4m in 2005 to £428m - according to the UK payments industry body Apacs. Card fraud losses fell in 2006 but online card-related fraud once again increased as fraudsters... [15 Mar 2007]
ID fraud soaring across the pond
News Avivah Litan, senior analyst at Gartner, said thieves target the weakest links in payment systems - typically businesses that accept electronic payments from their customers. The average amount of money lost to fraud via electronic payments in the... [07 Mar 2007]
Voca finds the missing Link
News The combined company will be known as VocaLink - and will see payment processing, through Voca, added to ATM services and real-time payments, through Link. The new company will be aiming to take advantage of the Single European Payments Area (Sepa... [06 Mar 2007]
Job losses at Neteller as US law bites
News The company's services were used extensively for payments made to online gambling sites before a change in US law last year made that type of transaction illegal.silicon.com Financial Services Since Neteller stopped processing payments for US... [16 Feb 2007]
Handheld credit card readers to cut fraud
News A new payments system aimed at reducing 'card not present' fraud is to be trialled by UK payments association Apacs. It is designed for online and telephone transactions which are potentially vulnerable to fraud because they can be carried out with... [15 Feb 2007]
Passport system hit by lack of testing
News The second generation passport application system (EPA2) system was intended to improve customer service by innovations such as allowing credit card payments online, home printing of applications and the electronic transmission of applicants... [17 Jan 2007]
Online shoppers still paying with cash and cheques
News More than half of European web users regularly shop online - though not all of them are making their payments over the internet. Of the web shoppers buying products and services online in the past three months, 24 per cent used offline payment... [04 Jan 2007]
RE:Viewing 2006: The year in financial services
News Biometric payments, robo-trading and 'green' workstations spiced up the mix, says Tim Ferguson.kicked off with a prediction from Accenture that half of IT development and maintenance operations for financial services organisations would be... [19 Dec 2006]
Re:Viewing 2006: The year in retail and leisure
News It wasn't the best of years for online gambling sites, to say the least, as new US legislation made it unlawful for credit card companies to collect payments for transactions with US online gambling sites. [18 Dec 2006]
Lords peers into online security
News On Wednesday, witnesses from the UK payments association (APACS), the Financial Services Authority (FSA) and Visa gave evidence about the level of online threat to consumers, the types of fraud being perpetrated, and how financial services... [15 Dec 2006]
eBay AWOL after MoD ban
News Wherever possible, the MoD does provide internet access for personal use by military staff deployed on operations, and these systems are entirely unaffected by the MoD's office system ban on the use of eBay," she added.eBay recently imposed a... [30 Nov 2006]
UK suffering fraud boom-time
News The number of phishing scams in the UK has escalated by 1,471 per cent in the last 12 months, the latest fraud figures from the UK payments association APACS revealed. Want to know more about online scamming and how to protect yourself? [07 Nov 2006]
One in three has a PayPal account
News Currently, around 15 million people in the UK use the system to make and receive online payments. Earlier this year PayPal launched a mobile phone service allowing customers to make payments on the move. [02 Nov 2006]
Bet-mad Brits stake claim on Euro domination
News The research was conducted prior to the US passing the Unlawful Internet Gambling Enforcement Act to crack down on online gambling companies by making it illegal for US banks and credit card companies to make payments to online gambling sites. [01 Nov 2006]
Scots tots buy school dinners with veins
News Instead, their palms are used to access their meal account with payments deducted accordingly. In the future, parents may also be able to top up their kids' credit using PayPal or online Visa payment. [31 Oct 2006]
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