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Phishing fraudsters were exceptionally busy in June, with a near-record number of unique online attacks hitting consumers' PCs during the month, according to the latest report from the Anti-Phishing Working Group, which tracks the fraud. The group recorded 28,888 unique phishing reports, up 23% from May and just shy of …
Read More »Google: Don’t Read Too Much into Our M-Payment Patent Application
Despite the frenzy of media speculation it unleashed over the Labor Day holiday weekend, Google Inc.'s application for a patent covering mobile payments draws little comment from the Mountain View, Calif.-based search giant beyond a cautionary note that the mobile service may not progress beyond the drawing board. “We file …
Read More »Diebold Sees Early Interest in Technology Linking Handsets to ATMs
New mobile-transaction technology developed by ATM maker Diebold Inc. is already attracting interest in the marketplace and promises to change not only the way consumers interact with ATMs but also how they pay merchants and each other. The North Canton, Ohio-based company announced earlier this week it had received five …
Read More »NYCE, Fair Isaac Focus on Terminal-Based PIN Debit Fraud Control
Seeking to contain a growing form of payment card fraud, the NYCE Payments Network LLC has called upon risk-control technology provider Fair Isaac Corp. to help it spot fraud at the network's point-of-sale terminals and ATMs that accept PIN-based debit cards. While NYCE is not reporting any unusual fraud, its …
Read More »Star Fills in Some ATM Gaps With Its New Allpoint Connection
Processor First Data Corp.'s Star electronic funds transfer network on Tuesday announced a deal with the Bethesda, Md.-based Allpoint ATM network that Star expects will fill in some geographic gaps in its nearly nationwide ATM coverage. Under the arrangement, financial-institution users of Star's Starsf service will be able to offer …
Read More »Wachovia Milestone Points up Wider Adoption of Remote Capture
In a sign of the spreading popularity of remote deposit capture among U.S. businesses, Wachovia Corp.'s treasury services division announced on Monday it had hit $1 billion in remote capture volume for a single day. The Charlotte, N.C.-based regional bank attributed the milestone to the increasing adoption of the technology …
Read More »How Non-Bank ATM Owners Are Culling Subpar Machines
Culling seems to be a popular practice at the two largest non-bank ATM networks these days. Both Cardtronics Inc. and financially troubled TRM Corp., which is telling investors it might not survive, lost money in the second quarter and say their U.S. ATM counts are down. TRM, which has been …
Read More »Turbulent Financial Seas Won’t Sink First Data Buyout, Observers Say
The $29-billion leveraged buyout of payment processor First Data Corp. will proceed as planned, a spokesperson for the huge processor says, even though the private-equity firm leading the buyout acknowledged Monday that recent market events could make its future prospects riskier. New York City-based Kohlberg Kravis Roberts & Co.'s statement …
Read More »Deal with First Data, Star Gives Big Boost to M-Banking Startup
Extending its reach into emerging mobile-banking and payments markets, First Data Corp. on Thursday announced an agreement with mFoundry Inc. under which the leading payment processor will offer mFoundry services to the thousands of bank and credit-union members of First Data's Star electronic-funds transfer network. The First Data agreement marks …
Read More »New PayPal Service Shows Retail Credit Has a New Life on the Web
Traditional private-label credit cards steadily lost ground over the past two decades to general-purpose payment cards that have much greater utility. Despite the retreat, retailers still like private-label cards because their key attribute?holders tend to shop more often and buy more than non-cardholders?apparently is still valid. Now a new service …
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