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Cardinal to Offer a Web Debit Product

American Banker  CardinalCommerce Corp., a payment-security company, said it will begin offering SafeDebit, an Internet debit product from the NYCE Payments Network LLC






PayPal App Advances Mobile Trend

American Banker  PayPal Inc. announced that its mobile Send Money application is now available for BlackBerry handsets from the Canadian smart phone maker Research in Motion ...





TOO COMPLEX TO THRIVE' WESTERN BANKS FACE UNCERTAIN FUTURE - IBM STUDY

At a time when trust in banks is at an all time low, a new study by IBM finds that too many are over-reliant on revenue streams that no longer exist, have unsustainable cost structures, and are burdened by excessive levels of operational complexity and inflexibility.  More on this story: http://www.finextra.com/news/fullstory.aspx?newsitemid=20888



MONITISE PREPARES FOR GROWTH WITH NEW INVESTMENT AND PARTNERSHIPS

Mobile money outfit Monitise has raised £15.8 million in funding and struck two new partnerships it hopes will help build its presence in the retail sector and Asia Pacific. The company also says it is on track to meet full year revenue expectations after record consumer uptake.  More on this story: http://www.finextra.com/news/fullstory.aspx?newsitemid=20886



Two-Factor Authentication Falling Short for Security, Gartner Says

In a new report, Gartner points out where strong two-factor authentication is falling short when it comes to preventing fraud and online attacks. According to the company, businesses need to makes some changes.  READ MORE >>



BANK LEUMI INTRODUCES BIOMETRIC PASSWORD RE-SETS FOR ONLINE BANKING

Israel's Bank Leumi is introducing a password re-set feature for online banking customers that is operated by voice biometrics.  More on this story: http://www.finextra.com/news/fullstory.aspx?newsitemid=20889




Accel/Exchange Plans a Big Acquiring Push for Online PIN Debit

Digital Transactions  ... into online PIN debit by other EFT networks. Acculynk has agreement with half a dozen networks, including Pulse and NYCE, which are large regional systems.




PayPal announces "Send Money" application for BlackBerry smartphones

Canada NewsWire (press release)  16 /CNW/ - PayPal today announced that its mobile "Send Money" application is now available for BlackBerry(R) smartphones. The PayPal application is free to




How the World War on Interchange Fees Transformed the Card Industry

A global war on interchange fees raged during most of the decade and will continue into the next. We'll have to wait until next decade to find out who wins the war. But the war itself has already led to massive ramifications for the card business around the globe.





Facebook Credits Take Another Step Toward Becoming the Web's Currency

Mashable (blog)  All the way back in March, I wrote about how Facebook could rival PayPal by creating a virtual currency and making it usable for financial transactions,




Hackers are defeating tough authentication, Gartner warns

The Industry Standard - San Francisco,CA,USA  ... banks need to quickly implement additional layers of security to protect their customers from falling victim to online fraud, said Avivah Litan,



Ebay expects over 500 million in mobile-based revenue in 2009

Mobile-Financial.com  To do their part in growing e-commerce eBay has opened up PayPal. eBay is now allowing 3 rd parties to integrate with PayPal in the hopes that it will drive ...




Posted by John B. Frank Friday, December 18, 2009

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Kapersky Calls for Mass Adoption of Card Readers

Kapersky Calls for Mass Adoption of Card Readers