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An Android mobile banking Trojan program originally designed to steal mobile banking credentials from Russian users has been found in the wild and has been retrofitted with ransomware functionality to infect US users with photos of its victims to intimidate them into paying a fictitious FBI fine. Known as Svpeng, the Trojan program was first [...]

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Spurred by major data breaches at Target and other stores, the US banking and retail sectors are turning to more secure microchip-based EMV payment cards, causing US shipments of these cards to rise by more than a factor of fifteen seven by 2019. US shipments of microchip-enabled payment cards that comply with the Europay, MasterCard [...]

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Only 42% of UK SMEs currently offer customers the option of paying by card, despite card spending more than doubling in the last decade, according to research from Barclaycard. SMEs are losing out on £7.5 billion each year by not offering customers alternative payments. Despite three-quarters (74.5%) of all retail transactions across the UK now [...]

The post Over £7 billion lost by UK SMEs from missed payment opportunities appeared first on Payments Cards & Mobile.

French payment processor Worldline is set to be spun off by its parent Atos in an initial public offering (IPO) valued at €610 million. Worldline will issue around €255 million of new shares and 355 million of existing shares for a price between €16.40 and €20 per share. Atos will retain a stake of around [...]

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The French domestic card scheme, Groupement des Cartes Bancaires (CB), is planning to introduce biometric payment based on fingerprints before the end of 2014. CB is working with the National Security Alliance industry body in order to introduce chip-based biometric functionality embedded into a keyfob, and has also outlined plans to integrate chips into micro-SD [...]

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