Israel-based contactless and NFC vendor On Track Innovations announced Monday it had received an order for 30,000 readers for point-of-sale terminals at retail gasoline stations in North America.

OTI noted in its announcement that the readers will not only support the contactless applications of the major payment schemes, such as Visa payWave and MasterCard PayPass, but also the Isis NFC SmartTap reader application. The vendor said it included SmartTap on the customized readers. 

Swiss authentication and e-signature services provider Vasco Data Security has acquired UK-based secure visual transaction authentication services provider Cronto.

Following the purchase, Vasco will add the patented CrontoSign products to its offerings for the global banking market. In a later phase, Vasco anticipates that Cronto's products will be integrated into MYDIGIPASS.com authentication platform to secure the consumers' online applications/accounts.

Verafin, a provider of fraud detection and anti-money laundering (FRAML) software, has entered an agreement with Fundtech, a global provider of transaction banking services.

Under the terms of the deal, Fundtech will integrate its payment platforms PAYplus Connect and PAYplus US with Verafin’s enterprise FRAML solution. The integration will allow financial institutions to prevent wire fraud. Thus, users will be able to streamline their wire fraud alert review process:
• Wires are analyzed, as they originate, for anomalous customer behavior. High-risk wires generate risk-rated, evidence-supported alerts;
• Alerts are presented in a clear visual workflow. High-risk wires are held as the fraud investigator reviews the alert;
• The fraud investigator can use the wealth of customer data within Verafin to review the alert. If a problem with the activity is discovered, they have the power to reject the wire, preventing fraud loss and protecting the customer’s account.

In Australia, an average 16,500 cases of malware have been reported to Australian internet service providers on every day in 2013, recent statistics indicate.

According to data from The Australian Communications and Media Authority (ACMA), the most prevalent infection type is numerous variants of the Zeus malware. This type of fraudulent action allows cyber criminals to steal money from an infected user’s bank account. ACMA deputy chairman Richard Bean, cited by online media outlet Computer World, mentions that Zeus is primarily used for banking fraud, and among other things, can intercept and modify an infected user’s online banking transactions.

Company recognized for data analytics platform, honored for third-straight time at Finovate

PROVO, Utah (PRWEB) May 20, 2013

The new system will progressively replace the direct bilateral exchange of national mass payments currently taking place between the individual financial institutions under the 'Garagenclearing' process.

Leading food/refreshment provider integrates prestigious restaurant point of sale software solution.

Toronto, Ontario (PRWEB) May 20, 2013

Leading UK contactless credit card comparison website, uk.creditcards.com, comments on news from reported in the Telegraph from Visa that contactless payments are on the increase.

London (PRWEB UK) 20 May 2013

Chargebacks911 details the top five merchant practices that cause chargebacks—rather than eliminate them, as most merchants falsely believe, and tips to help.

Tampa Bay, FL (PRWEB) May 20, 2013

AutoUSA Internet Sales Solutions today introduced Shop-By-Payment for Payment Pro℠, powered by DriveItNow, a patent-pending next generation payment marketing tool that offers consumers a new way to shop on auto dealer websites.

Fort Lauderdale, FL (PRWEB) May 20, 2013

In 2012, most European countries have registered an increase in card fraud, a recent study point out.

According to European Fraud Map survey released by Fico, a predictive analytics and decision management software company, during the period under review, France has registered the highest card fraud losses (29 percent).The same source unveils that UK has ranked second with 27 percent of the region’s losses.

Figures show that consumers prefer to shop online but would rather pay with cash.

(PRWEB UK) 20 May 2013

Entrepreneurs who run the business from home now have a better and more reliable way to write checks to vendors with EzCheckprinting software updates from Halfpricesoft.com. Get a no obligation test drive at http://www.halfpricesoft.com.

Miami, FL (PRWEB) May 20, 2013

Patrick Nordqvist joins RevSpring as Vice President of Payments and Online Technologies.

Wixom, MI (PRWEB) May 20, 2013

Once again this year, an independent authority on credit card processors has named Certified Payment Processing one of the thirty best companies in the industry.

Carrollton, Texas (PRWEB) May 20, 2013

By Karl Dyer This email address is being protected from spambots. You need JavaScript enabled to view it. • nfcworld.com • 20 May 2013, 11:59 • Last updated 20 May 2013, 11:59

By Karl Dyer This email address is being protected from spambots. You need JavaScript enabled to view it. • nfcworld.com • 20 May 2013, 11:59 • Last updated 20 May 2013, 11:59

Anne Van Schrader, head of contactless and mobile NFC at Visa Europe, says: "Markets like the UK, Poland and Spain are leading the way in contactless usage...By the end of 2013, Europeans will be making over 52 million contactless transactions every month."

Electronic invoicing isn’t new and has been around some time in the form of electronic data interchange. A question I am frequently asked, and most recently by a UK government Minister, is if e-Invoicing offers such compelling cost savings and efficiencies, then why isn’t everyone doing it?

It’s a great question, and one we are currently attempting to answer within the European Commission’s multi-stakeholder forum on e-Invoicing. The group I am leading is examining the SME market, and asking what the barriers are to full SME adoption. Whichever way you look at it, an SME wanting to initiate e-Invoicing on its own is faced with different challenges and this series of articles intends to examine the choices SMEs have today, and tomorrow.