According to a recent investigation by Which?, a security flaw in contactless cards could allow thieves to make high-value purchases online.
MasterCard has opened a digital security facility to its customers that focusses on proactively testing threats to all forms of digital payments in coordination with government security agencies and academics.
In a bid to expand in the digital age, Wells Fargo has formed a new innovation group that will be led by head of Wholesale Services, Steve Ellis.
The Government Digital Service (GDS) has developed a prototype payments platform that will improve the way British citizens pay for tax and other compulsory contributions.
The Payment House, provider of eeZee taxi, a smartphone taxicab application, has selected payworks to supply 50,000 taxis with Near Field Communication (NFC) payment technology.
Visa has confirmed that it is in talks to re-acquire Visa Europe in its quarterly update. The deal is likely to give Visa a strong boost to its global competition with MasterCard.