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Card news

06/07/10 Iliad ships test platform for Berlin Group payments interface

06/07/10 FIS launches $2.5bn share buyback; unveils $1.2bn note sale

06/07/10 EPC explores m-payment and Sepa

01/07/10 Barclays banks on £1bn investment to boost global retail business

01/07/10 American Express expands Nyce network relationship

01/07/10 Hackers steal card details from US hotel chain

30/06/10 First Data introduces MasterCard-certified contactless payment tag

30/06/10 Spanish processors Sermepa and Redes propose merger

29/06/10 Wells Fargo extends m-banking app range; offers text banking at ATMs

29/06/10 Court backs Visa in trademark case

Payments

06/07/10 Iliad ships test platform for Berlin Group payments interface

06/07/10 FIS launches $2.5bn share buyback; unveils $1.2bn note sale

06/07/10 Swift re-instates Sibos 'party'

06/07/10 Banks must wake up to mobile virus threat - Ovum

06/07/10 EBA Clearing and Iberpay link for Sepa direct debits

06/07/10 TrustDefender names Alex Shipp VP, advanced threat research

05/07/10 Vodafone and Doha Bank team on mobile money service

02/07/10 Barclaycard updates iPhone game

02/07/10 PayPal launches mobile version of Express Checkout

29/06/10 Wells Fargo extends m-banking app range; offers text banking at ATMs

Security

06/07/10 Banks must wake up to mobile virus threat - Ovum

06/07/10 TrustDefender names Alex Shipp VP, advanced threat research

05/07/10 Former bank IT man pleads guilty to $1m ID theft scam

01/07/10 Hackers steal card details from US hotel chain

30/06/10 Fundtech introduces PAYplus data monitoring module

29/06/10 ProPay adds Chris Mark and Heather Mark to security team

29/06/10 Fraudsters pocket $10 million in four-year micro-payment scam

25/06/10 Spain uses stolen HSBC data for tax probe

25/06/10 Twitter settles FTC security charges

05/07/10 Put a Swift end to paranoia! - community blog from Elizabeth Lumley

Finextra – More news

Upcoming event

European Card Acquiring Forum 2011

Past events

European Card Acquiring Forum 2010

over 300 professionals representing the elite of card acceptance in Europe have met in Berlin to discuss the latest market developments and to move the business forward.

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European Card Acquiring Forum 2009

over 240 acquirers, card experts and merchants have met in Berlin during this card acquiring cornerstone event.

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European Card Acquiring Forum 2008

over 200 payments professionals have met for a 3 day conference in Brussels.
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European Card Issuing Forum 2008

an interesting 3 day event for card issuers that took place in Rome.

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European Card Acquiring Forum. Authorization: The financial institution that issued the card or “issuer”, provides an authorization code verifying the credit card is valid and credit is available for the sale amount. A temp hold on funds or “soft charge” will automatically fall off the cardholder’s card after 4-5 business days if the merchant does not capture or settle the authorized transaction. The gateway then passes on credit card information to the acquiring bank, when a customer makes a purchase. The acquiring bank approves the transaction and credits the company’s merchant account. Some small merchants are unable to find an acquiring bank that is willing to set up a merchant account for them. This is often the case if the merchant doesn’t have a long trading history. In such cases, merchants may use a third-party biller instead of an account with an acquiring bank. European Card Acquiring Forum. This cuts down on red tape and allows a merchant to process payments immediately. A credit card processor offers merchants online services for accepting payment online including credit card, debit card, direct debit, bank transfer and real-time bank transfers.