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Rumours of a massive potential data breach affecting Target customers has affected up to 40 million credit and debit card accounts, a spokesperson for the retailer said Thursday. The data breach is so massive that the Secret Service is being tasked with investigating, USA Today reports. The potential data breach is thought to have started on Nov. 27, [...]

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Visa Europe and leading Spanish bank CaixaBank along with mobile network operators Orange, Telefόnica and Vodafone, have announced the launch of Europe’s largest commercial mobile contactless payments service. From February 2014 CaixaBank customers will be able to make contactless payments safely using their contactless-enabled smartphones. The partnership with Orange, Telefόnica and Vodafone enables the card [...]

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Transport for London (TfL) has celebrated its first successful year of accepting contactless payment cards on all of the Capital’s 8,500 buses. Since it was launched on Thursday 13 December 2012 when 2,061 customers made 2,586 journeys, more than 6.5 million journeys have now been made using an American Express, MasterCard or Visa Europe contactless [...]

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Leading fraud and risk management consultancy UK Fraud (www.ukfraud.co.uk) has drawn up a list of predictions for the coming year. Their fraud predictions for 2014 are: 1. The Cabinet Office – The Cabinet Office’s Fraud Error Debt Department will evolve quickly in 2014. With the recent demise of the National Fraud Authority, which started out [...]

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iZettle, the social payments company allowing anyone to take card payments with their smartphone or tablet, has announced a partnership with Eurostar, the high-speed train service which links the UK, France and Belgium. Eurostar is now using iZettle’s Chip & PIN readers on-board its fleet of trains to process payments for passengers wishing to upgrade their [...]

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