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Brits lose £120m to foreign card fraud
News While the three years since the introduction of chip and PIN has seen a cut in the UK's card fraud rate, criminals in European countries - where the technology has yet to be rolled out - are siphoning millions of pounds... [01 Oct 2008]
Five-year wait for O2 Oyster card mobiles
News While testers saw the benefit of periodically having to enter a PIN to boost security, Maslen added, in some cases secondary authentication isn't practical. Say for Oyster, for example, that's not going to work," she... [02 Sep 2008]
O2 Tube trial takes mobile payments underground
News Visa has already launched a contactless payment system known as payWave which is available in some areas of London and enables customers to wave a credit or debit card in front of a reader to pay for low... [28 Nov 2007]
Visa to kick off contactless cards this autumn
News The tech speeds up transaction times as it largely dispenses with the need for the customer to enter a PIN number or sign a receipt.silicon.com Financial Services Cardholders will be asked for their PIN... [04 May 2007]
Retailers fear contactless payments
News With contactless card reader tech currently costing around $100 per unit, when this is added to the cost of integrating the devices into chip and PIN systems large retailers have another disincentive to accept contactless. [24 Apr 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... [15 Mar 2007]
Handheld credit card readers to cut fraud
News It is designed for online and telephone transactions which are potentially vulnerable to fraud because they can be carried out with card details only - and do not require a PIN or signature. To make a purchase with the... [15 Feb 2007]
Visa to launch 'wave and pay' cards in UK
News The technology will allow people to pay for low-value transactions such as coffee and newspapers that total less than £10 by waving their debit card over a reader, without having to sign a receipt or enter a PIN number. [24 Nov 2006]
Plastic for the people - cash ditched for cards
News Further reading. Cheat Sheet: Chip and PIN Cheat Sheet: Contactless payments RFID credit card 'not a skimming risk' Visa to trial 'tap and go' debit cards in London The results come six months... [01 Aug 2006]
Plastic fantastic - the future of credit cards
News And with chip and PIN and the UK's recent launch of the SkyCard (a credit card designed to fit the interactive slot on a Sky TV box), credit cards are evolving beyond their original limitations. But with contactless... [04 Jul 2006]
Visa to trial 'tap and go' debit cards in London
News Both trials will be for low-value transactions under £10 and consumers will be able to pay by tapping their cards against a reader without needing to sign a receipt or enter a PIN number. A security check asking the... [26 Jun 2006]
Is fraud being beaten by the e-tailers?
News For 2006 merchants are also considering further measures, with 29 per cent of respondents saying the Verified by Visa and MasterCard SecureCode systems - both of which create single-use passwords/PIN... [15 Dec 2005]
Leader: UK still playing catch-up
Leader Take chip and PIN. The Australians and the French had chip and PIN long before the UK, where it's still thought of as a relatively new concept and won't go into full effect until next year (when... [11 Oct 2005]
Cheat Sheet: Contactless payments
Cheat Sheet Rather than hand over cash, sign your name or even do the chip and PIN thing when you buy something, the wondrous gift of technology has made it possible to make a purchase by tapping a teller's till with your wallet or... [11 Oct 2005]
Many UK retailers won't make smart card deadline
News The deadline for converting UK shops to smart card transactions is 1 January 2005, which would make the UK the first country to move to Chip & PIN systems that meet the EMV (Europay-MasterCard-Visa)... [18 May 2004]
