Criminals Christmas-shop, too. Data analysts at Feedzai say last November was big for fraud, but this November will be bigger yet.
Countries have begun enacting regulatory frameworks, hoping to encourage interoperability and ensure widespread adoption of mobile payments.
Gallup found that 69 percent of Americans worry about having card information stolen in a retail data breach — and suggested that this fear could increase reliance on cash.
A Kaspersky Lab study finds that although businesses know the threat is real, they aren't doing enough to protect themselves against targeted attacks.
The company says the financial industry should expect growing consumer demand for contactless following the rollout of Apple Pay.
With new technologies, a growing middle class, government initiatives, and many drivers towards greater inclusion, Africa’s payment systems are changing rapidly.
Authorities globally have taken a wide variety of positions on the regulation of digital currency, making it hard for payment industry players to provide technology that will support digital currency transactions.
Financial services remain a bright spot, but worsening market conditions in retail have prompted the company to dial back its earnings forecast.
From 2010 to 2012, the number of card payments in western Europe grew by 15 percent, while in central and eastern Europe, they increased by 82 percent.
Massive data breaches in the past year seem to have prodded retailers to take action to curb their potential exposure to losses from fraud.
Not surprisingly, older users of mobile banking apps are more fearful than younger users about having their mobile banking data hacked.
The European installed ATM base shrank considerably in 2013, but saw a significant rise in the number of units boasting cash-recycling functionality.
The 144-year-old bank has opened its first 'tellerless' branch featuring full-service virtual banking and on-site specialists who help customers with more complex financial needs.
Total dollar volume was up year-over-year, but month-to-month growth slowed slightly as consumers took a breather between back-to-school and Halloween spending.
A new study by RBR has found that the number of payments made by card worldwide grew 13 percent between 2012 and 2013.