Despite the push for adoption of chip and PIN payments in the US, experts have warned that the EMV standard still holds significant security threats.

E-commerce in Saudi Arabia is on track to hit USD13 billion by 2015, accounting for 8 per cent of retail, new research has revealed.

More than half the UK population has banked online in the last three months, a new survey from the Office of National Statistics has revealed, but other research has demonstrated a widespread lack of trust in accessing financial services via mobile.

The developer of reprogrammable companion cards for mobile eWallet technology has won a key US patent that will allow the secure storage and two way communication from reprogrammable card-based EMV chip and a smartphone-based eWallet.

The partnership with Smilegate is the latest in a series of deals Oink has formed with video game companies in 2014, including Wargaming, Ubisoft and Woozworld, to deliver payment solutions to gaming teens and their parents.

HomeSend, a joint venture between MasterCard and eServGlobal, has announced it has partnered with Indosat to provide remittance services to the company’s 60 million subscribers in Indonesia.