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New research from consultancy Celent shows that EMV migration in the US has been painfully slow so far. According to Celent, fraud migrates to the weakest link in the system, and this is the biggest danger facing the US market – it already sees its fraud rates escalating. While the rates (0.085% in 2010) [...]

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The European Central Bank (ECB) has announced the creation of a new Euro Retail Payments Board (ERPB) to oversee the integration of the bloc’s retail payments market in a post-SEPA environment.  The new entity replaces the SEPA Council and will be composed of seven representatives from the demand side – such as consumers, retailers and [...]

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The enduring popularity of ‘Cyber Monday’ in the US – the day when pre-Christmas online shopping is at its busiest – saw sales of $1.7 billion on 2 December 2013, making it the most successful online spending day in US history. While the National Retail Federation reported that an estimated 131 million US consumers shopped [...]

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Five major UK financial institutions have joined the Zapp mobile payments scheme, enabling customers to make in-store and online purchases from within their banking apps. HSBC, first direct, Nationwide, Santander and Metro Bank will incorporate Zapp within their phone and tablet apps, in order to bring the technology to around 18 million customers collectively. Zapp [...]

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The FBI has been given the green light to liquidate up to $28 million worth of bitcoins seized during the shutdown of the ‘dark web’ marketplace Silk Road. Preet Bharara, the United States Attorney for the Southern District of New York, has approved the forfeiture of approximately 29,655 bitcoins that were swiped from the Silk [...]

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