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....Globally Alipay has about 450 million customers. As well as online payments and money transfers, users can also hail a taxi, book a hotel and buy movie tickets directly from the within the app. ... [Read full article on BBC ]
Tuesday 9th of May 2017 07:30:05 AM
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....”. Club officials were staggered to discover that names used on online payments are completely ignored by the banks, which only use the account and sort code numbers when transferring money. ... [Read full article on Guardian ]
Saturday 29th of April 2017 06:00:22 AM
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Latest Finance News related to Online Payment

China's Alipay takes on Apple in US expansion image
Source : BBC [Read Article] Tuesday 9th of May 2017 07:30:05 AM
....Globally Alipay has about 450 million customers. As well as online payments and money transfers, users can also hail a taxi, book a hotel and buy movie tickets directly from the within the app. ...
Email scammers turn their sights on youth football teams image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
....”. Club officials were staggered to discover that names used on online payments are completely ignored by the banks, which only use the account and sort code numbers when transferring money. ...
Bank staff trained to spot cash scams as they take place image
Source : BBC [Read Article] Saturday 4th of March 2017 01:01:55 PM
....The plan is to train every single front-facing employee of banks, building societies and Post Offices. Cash payments to fraudsters are typically much harder to trace than online payments with the vast majority of cases going unsolved. ...
Fake apartment turns dream holiday into nightmare image
Source : Daily Express [Read Article] Monday 20th of February 2017 07:49:00 AM
....“This customer’s booking was for a ‘pay at hotel’ reservation. At hotels this would usually mean payment at a reception desk – but for apartment accommodation this can differ according to the facilities they have and may include online payments. ...
TalkTalk scam victims say it’s time for answers image
Source : Guardian [Read Article] Saturday 18th of February 2017 06:59:33 AM
....Tucker, from Norfolk, says he still doesn’t know quite how the fraudster stole the money. He says he’d never made an online payment from his bank account before. ...
Nationwide blocked my cards when I tried to buy European train tickets image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:00:00 AM
....According to Nationwide: “Booking travel through European websites is a common activity used by fraudsters. When the customer made his first online payment, 26% of transactions blocked, using the same rules, were found to be fraudulent. ...
Recycled bank accounts can mean sending money to the wrong person image
Source : Guardian [Read Article] Saturday 17th of December 2016 07:00:15 AM
.... If all old accounts were recycled to different branches, this would presumably have prevented the Boyacks’ error. If proposed new rules for online payments outlined last month were in place now, what happened to the Boyacks would not have been able to occur. ...
'Frighteningly easy' for criminals to get Visa card details, study claims image
....According to the research, which has been published in the journal IEEE Security & Privacy, fraudsters use a so-called Distributed Guessing Attack to get around security features put in place to stop online fraud. Mohammed Ali, a PhD student at the university's school of computing science and lead author, said: "The current online payment system does not detect multiple invalid payment requests from different websites. ...
Tesco Bank cyber attack involved guesswork, study claims image
Source : Guardian [Read Article] Friday 2nd of December 2016 12:01:00 AM
....In an academic paper, the team at Newcastle University claimed that working out the card number, expiry date and security code of any Visa credit or debit card could take a criminal “as little as six seconds” and involved nothing more than guesswork. They said the so-called “distributed guessing attack” method they had identified was able to circumvent all the security features put in place to protect online payments from fraud, and exploited vulnerabilities at Visa – which has more than 500m cards in circulation in Europe alone – and hundreds of the world’s biggest and most popular retail websites. ...
Calling John Lewis about my Partnership card ... is there anybody out there? image
.... The John Lewis Partnership card – and yes, it is administered by HSBC – is the retailer’s flagship credit card product, offering rewards which can be used for shopping at John Lewis and Waitrose. But, from our postbag alone, it is clear that changes to IT systems in October have triggered major problems including rejected online payments, problems logging in, unhelpful and unsympathetic responses from customer services, and very long wait times when trying to contact them. ...
All about the money image
Source : BBC [Read Article] Friday 25th of November 2016 12:06:30 AM
.... The country presently has more than 450 million internet users, a number expected to touch 700 million by 2020. But despite this sharp uptick in mobile and online payments, this overall user base is still very small for a country with a population of 1. ...
Online shoppers 'face disruption' from EU payment plans image
Source : BBC [Read Article] Tuesday 22nd of November 2016 04:04:47 PM
. EU proposals to make consumers go through extra security checks for many online payments have come under fire from Visa and other payment companies. ...
Tesco Bank says attack cost it £2.5m and hit 9,000 people image
Source : BBC [Read Article] Tuesday 8th of November 2016 10:00:53 PM
...."We've now refunded all customer accounts affected by fraud and lifted the suspension of online debit transactions so that customers can use their accounts as normal," said chief executive Benny Higgins. Current account customers had been blocked from making online payments using their debit card since Sunday, an action the bank said it had taken "to prevent criminal activity". ...
Tesco Bank attack was unprecedented, says regulator image
Source : BBC [Read Article] Tuesday 8th of November 2016 11:12:53 AM
....The bank's chief executive Benny Higgins said the bank knew "exactly" what the attack was, but could not say more because it was part of a criminal investigation. Current account customers have been blocked from making online payments using their debit card since Sunday. ...
Bank fraud image
Source : BBC [Read Article] Monday 7th of November 2016 12:48:44 PM
....". In the meantime tens of thousands of Tesco account holders are left with uncertainty over whether online payments will be honoured. ...
Tesco Bank fraud: key questions answered image
Source : Guardian [Read Article] Monday 7th of November 2016 11:41:29 AM
'Tesco texted to say fraud on account' image
Source : BBC [Read Article] Monday 7th of November 2016 09:14:04 AM
. Tesco Bank has halted online payments for current account customers after thousands were affected by fraudsters. ...
Tesco Bank blames 'systematic sophisticated attack' for account losses image
....About 40,000 accounts saw suspicious transactions over the weekend, of which half had money taken. The bank is still blocking current account customers from making online payments using their debit card, a temporary measure it put in place on Sunday. ...
Five minute guide to the ever-rising threat of fraud: Beware of card sharps image
Source : Daily Express [Read Article] Sunday 25th of September 2016 11:58:00 AM
....You need to be constantly on your guard amid this all-out cyber attack, in which billions of pounds is stolen from customers’ accounts. Your card transactions, online payments and pension savings are vulnerable to scammers. ...
New students face tricky choice of bank image
Source : BBC [Read Article] Friday 2nd of September 2016 09:06:38 PM
....Now, access to modern payment methods is arguably more important for many of these young customers. Mobile and online payment systems may make the task of regular payments, such as paying rent to landlords, easier, says Mr Brown. ...
Budget airlines stand accused over credit card fees image
Source : Guardian [Read Article] Friday 12th of August 2016 01:52:30 PM
....Ryanair said Fairer Finance’s claims were false and that the airline complies with all EU rules. Flybe said its charges meet UK requirements and that it scrapped debit card fees for online payments in 2012. ...
How to avoid falling victim to fraudsters image
Source : Guardian [Read Article] Saturday 30th of July 2016 06:00:26 AM
.... Do not send money for a car you have not physically seen, however, cheap a deal, and however trustworthy the dealer may appear. • If you find yourself making an online payment to a stranger, STOP and ask why are you doing it? Never give your online banking log-in details to anyone, irrespective of who they claim to be. ...
Finger slip could be costly as contactless and cashless payments become more popular image
.... . According to research from Payments UK, more than half of us are wrong in thinking the recipient’s name is used to route online payments. ...
LinkedIn’s rapid 14-year growth led to $26.2bn Microsoft deal image
Source : Guardian [Read Article] Monday 13th of June 2016 04:01:20 PM
....5bn) takeover target. Reid Hoffman, 48, hatched the idea for LinkedIn from his apartment in December 2002 – shortly after eBay bought online payment service PayPal, where he was CEO. ...
Drug dealers using Instagram and Tinder to find young customers image
Source : Guardian [Read Article] Thursday 7th of April 2016 08:27:22 AM
....Buyers can either meet face-to-face or pay online and have their purchases posted to them. While online payments such as bitcoin and pre-paid gift cards such as Vanilla Visa are encrypted, more traceable measures such as unattributed bank transfers and PayPal are also used. ...
Are the milkman's days finally numbered? image
Source : BBC [Read Article] Friday 25th of March 2016 12:08:56 AM
...."I tweeted last Thursday night with a change to my Friday order and they got back to me and informed the milkman immediately. My only wish is for them to take online payments instead of cash. ...
'Strutting man' ad gets most complaints image
Source : BBC [Read Article] Tuesday 23rd of February 2016 10:47:50 AM
.... . The third most-complained about ad was a campaign for online payment site Paypal, which showed two children concerned their parents had not been shopping for Christmas presents. ...
Mastercard rolls out selfie ID checks image
Source : BBC [Read Article] Monday 22nd of February 2016 02:36:56 PM
. Credit card firm Mastercard has confirmed it will accept selfie photos and fingerprints as an alternative to passwords when verifying IDs for online payments. ...
Surveillance state: fingerprinting pupils raises safety and privacy concerns image
....Fingerprint scanners are being presented as one solution for doing away with this stress. They can be linked to online payments, making busy lunchtimes easier and faster, plus it will save schools from printing ID cards. ...
Five-minute guide to resolving online payment mistakes image
Source : Daily Express [Read Article] Sunday 31st of January 2016 12:00:00 AM
....David Black, founder of DJB Research, says mistakes are all too easy and a momentary slip can cost you weeks of stress and worry, even if you do ultimately get your money back. Banks only check the sort code and account number, rather than the payee’s name, so it is vital to get those correct, he adds: “Your first defence when making an online payment is to check, check and check again. ...
Self assessment: tax returns disrupted by HSBC attack on last working day before deadline image
.... . "Alternatively, they can visit HMRC's online payment gateway which accepts credit and debit cards. ...
Bitcoin and darknet are making it harder to track online child abuse image
Source : Guardian [Read Article] Thursday 28th of January 2016 12:07:06 PM
....In just 10 weeks, more than 1,000 paedophiles in 71 countries were caught by the sting. While few arrests were made because the operation could be deemed to be entrapment, the experiment showed how online payments could track paedophiles. ...
In The City: Big banks are getting ready to fight back against the challengers image
.... . PayPal dominates much of the online payments industry, and big banks are on the lookout for any similar future threats to their business  Photo: ALAMY. ...
VIDEO: Warning over homebuyer scams image
Source : BBC [Read Article] Thursday 7th of January 2016 03:06:09 PM
. Dozens of homebuyers are being conned out of thousands of pounds every year by fraudsters who steal online payments meant to go via solicitors. ...
Elon Musk's Tesla sales limp over the line image
Source : Telegraph [Read Article] Monday 4th of January 2016 11:08:55 AM
.... . The Model X SUV will have gull-wing doors - called 'falcon wings' by Tesla - as well as four-wheel drive Speaking at Tesla’s results on August 6, the billionaire who made his first fortune co-founding online payments system PayPal called the Model X a “particularly challenging car to build, maybe the hardest car to build in the world”. ...
Eurostar enlists Boomerang to come back with the goods image
Source : Daily Express [Read Article] Sunday 3rd of January 2016 12:01:00 AM
.... . Once a deal has been agreed, the recipient pays for their items using online payments service PayPal, which holds the money until the two parties have met and the item has been delivered. ...
Fraudsters could HACK your bank account if you use public WIFI to check balance  image
Source : Daily Express [Read Article] Friday 11th of December 2015 01:32:00 PM
.... *Avoid paying for items or services by money transfers, which aren’t secure, and reputable sellers won’t ask you to do this. It's far better to use an online payment option such as PayPal, or a credit card. ...
Plastic fantastic: debit card spending soars in Britain image
Source : Guardian [Read Article] Friday 11th of December 2015 12:01:02 AM
.... Entertainment websites accounted for a quarter of online transactions in 2014, the equivalent of 8% of all spending online. Koch said the increased use of online payments by government agency websites such as DVLA had played its part. ...
WARNING: The sick scammers targeting elderly and poor this Christmas image
Source : Daily Express [Read Article] Wednesday 9th of December 2015 04:27:00 PM
....*Avoid paying by money transfers which aren’t secure, and reputable sellers won’t ask you to do this, according to Nationwide. It's a better idea to use an online payment option such as PayPal, or a credit card which offers greater protection. ...
Bargain hunters borrow an extra £1.5billion image
Source : Daily Express [Read Article] Saturday 5th of December 2015 05:37:00 PM
....Healthy saving on NHS invoicing. THE National Health Service has saved millions of pounds and nearly halved the amount of time it takes to pay suppliers after ditching paper invoices for an online payments system. ...
Can holiday homes be the next top investment?  image
Source : Daily Express [Read Article] Saturday 21st of November 2015 02:20:00 PM
....“There have been some terrible stories of people having their places trashed,” he adds. Owners should vet guests carefully, arrange online payment in advance, and explain rules regarding dogs and smoking beforehand. ...
Elon Musk: Have you got the drive to work for Tesla? image
Source : Telegraph [Read Article] Friday 20th of November 2015 12:01:54 AM
.... Please include code sample or link to your work. Mr Musk, who made his first fortune as the co-founder of online payments system Paypal before adding to his wealth with the creation of Tesla and rocket company Space X, tweeted that recruits will report directly to him. ...
VIDEO: Cristina Randall, 29, Mexico image
Source : BBC [Read Article] Monday 16th of November 2015 02:06:46 PM
. Cristina Randall moved from Canada to Mexico and founded Conekta, an online payment system. ...
Five tips for tech start-up success image
Source : BBC [Read Article] Sunday 15th of November 2015 06:08:12 AM
...."Don't be evil" was famously adopted as Google's early mantra, while Mark Zuckerberg says Facebook's overarching mission is to "connect the world". But fellow Silicon Valley entrepreneur Harper Reed, who sold his online payments business start-up Modest to PayPal, told us he has little time for appeals to morality by online businesses. ...
Britain’s fintech stars to revolutionise banking in the US image
Source : Telegraph [Read Article] Monday 26th of October 2015 05:44:21 PM
.... . Bank customers in the UK have been able to transfer money almost instantly since the system was set up in 2008, but online payments in the US typically take two to four days. ...
Myanmar to curb use of US dollar image
Source : BBC [Read Article] Tuesday 20th of October 2015 03:45:35 AM
....According to the statement, all hotels, travel agencies, restaurants, duty free shops, airlines, hospitals, freight forwarders, telecom enterprises, media, apartments, super markets, souvenir shops, gold clubs and the military-owned Myanmar Economic Holding will have to give back their licences. The bank said the move was intended to promote the use of kyat in making payments for goods and services within the country and to cut down the use of cash by encouraging domestic debit cards and credit cards, internal payment cards and online payment system. ...
Jim Slater: My latest tip improves the odds in the stock market casino image
Source : Telegraph [Read Article] Saturday 3rd of October 2015 06:06:10 AM
.... . The company, which made it through all the “sieves” I use to evaluate shares, is Optimal Payments (soon to be renamed Paysafe Group), which offers online payment solutions to merchants and consumers and provides services to businesses and individuals to allow the processing of payments by direct debit, electronic cheques and credit cards. ...
PayPal-owned Braintree to process $50bn-worth of payments this year image
Source : Telegraph [Read Article] Thursday 17th of September 2015 04:58:45 PM
. Braintree, the PayPal-owned online payments processor, is on track to surpass $50bn in transactions made over its platform this year, as competitors grapple to win the lion's share of the burgeoning e-commerce industry. ...
Stripe: the invisible $5bn start-up powering the internet economy image
Source : Telegraph [Read Article] Saturday 12th of September 2015 02:00:46 PM
.... . While none of those has yet hit the high street, the revolution is well under way, and one company believes it can become to online payments what Google and Facebook became to information and socialising in the internet age. ...
Questor share tip: Sell Monitise as bosses exit image
Source : Telegraph [Read Article] Thursday 10th of September 2015 08:41:17 AM
.... . Monitise has raised more than £200m from investors during the past three years on the hopes of becoming an online payment processing giant. ...
European rivals in a race for Worldpay image
Source : Daily Express [Read Article] Saturday 29th of August 2015 11:17:00 AM
....As well as a string of acquisitions, it has also invested about £400million in technology platforms over the last four years. It processes in-store, mobile and online payment transactions and handled 6. ...
Source : Independent [Read Article] Tuesday 18th of August 2015 04:15:00 AM
.... Deutsche Bank helped the shares yesterday as it lifted its target price from 1,235p to 1,385p. On AIM, new contracts lifted the online payments group Eckoh, which last month failed to take over Netcall, by 1. ...
The pitfall lurking in your online banking – that sets up strangers as approved payees image
.... . Although a tiny proportion of online payments end up being misdirected, even a one in 1,000 rate amounts to more than £500m a year, with this figure expected to increase. ...
Kate Hudson's online sports brand Fabletics drains your account if you don't say 'stop' image
.... If a street trader offered you some fruit with a cheery "bunch of grapes?" – but then demanded a couple of quid – you'd tell him or her where to go. The problem with the ease of online payments and services such as PayPal is that companies can simply take cash out of your account without your knowledge, which stinks. ...
Facial recognition software: who will watch the watchers? image
Source : Independent [Read Article] Friday 31st of July 2015 12:44:54 AM
.... He mentioned Google, which gives users of its Google+ application the option to use face identification by turning on the “find my face” feature. Companies such as Microsoft, which is building facial recognition into Windows 10, and MasterCard, with its plan for “selfie verification” for online payments, require the download of an app or the purchase of hardware. ...
Internet auctioneer Catawiki raises $82m as Dutch start-ups take off image
Source : Telegraph [Read Article] Thursday 30th of July 2015 04:00:50 AM
.... . This follows Catawiki’s €10m (£7m) funding in September and makes it the recipient of the third-largest investment round in a Dutch internet start-up, behind online payments service Adyen and food ordering company Takeaway, which have raised $250m and $102. ...
HSBC business customers run out of space on the web image
Source : Guardian [Read Article] Friday 24th of July 2015 06:00:17 AM
. On HSBC’s online payment page for business customers, there is not enough room to view the whole sort code or account number that you insert. ...
Paypal worth $50bn in Nasdaq return image
Source : BBC [Read Article] Monday 20th of July 2015 05:12:32 PM
....PayPal has been valued at almost $50bn (£34bn) after splitting from eBay and relisting on Nasdaq. The online payment firm formally separated from parent company eBay on Friday, 10 months after the move was first announced. ...
Ebay beats forecasts before PayPal spin-off image
Source : Guardian [Read Article] Thursday 16th of July 2015 05:02:46 PM
....James Cakmak, an analyst at stockbroker Monness Crespi Hardt in New York, said splitting the two companies made both “academic and economic sense” given that PayPal’s value had been held back by the recent underperformance of eBay’s marketplace business. Although the online payments sector was becoming increasingly crowded, Cakmak said PayPal had a global brand, operating in 200 markets and in 100 currencies, and hence had negotiated a “very complex regulatory framework”. ...
From eBay to Etsy and beyond: what to consider when selling goods online image
....Some sites take a commission, while others charge a monthly fee. If an online retailer uses an online payment service like Paypal, further fees apply. ...
Apple Pay launches in the UK: here's how to use it image
Source : Guardian [Read Article] Tuesday 14th of July 2015 06:33:23 AM
....Notable companies and services include Waitrose, Co-op, Lidl, Spar, Boots, Marks and Spencer, Post Office, BP, Costa Coffee, Starbucks, LePain Quotidien, Wagamama, Nandos, KFC, Pret A Manger, Subway, McDonald’s, the Trainline, Transport for London and Liberty. For online payments the list includes Addison Lee, Argos, British Airways, Domino’s, easyJet, Hailo, hungryhouse, Just Eat, lastminute. ...
Apple Pay about to launch in the UK image
Source : Independent [Read Article] Monday 13th of July 2015 10:03:11 AM
....Apple Pay works online as well as in shops. The company claims that its online payment system is more safe than normal purchases, because it keeps the shops from seeing their details. ...
Robocall victim gets $230,000 payout image
Source : BBC [Read Article] Wednesday 8th of July 2015 05:32:06 PM
....The law says marketers must have written permission from a person before robocalls can be made, although exceptions are made for surveys or if the subject matter is political or to do with a charity. In June, online payment service PayPal updated its user policy to suggest that its US customers would have to agree to accept automated marketing calls and messages before backtracking over the issue. ...
RBS could take until weekend to make 600,000 missing payments after glitch image
....The regulator told banks to make sure their computers are able to support millions of their customers’ accounts after RBS’s earlier failure highlighted the antiquated state of many of their systems. Lloyds and Nationwide are among lenders to have had problems since, with the latter’s customers hit by online payment delays this week. ...
Nationwide customers locked out after internet and mobile banking crashes  image
....” . At 10am Nationwide said online payments were now "operating normally". ...
Is Greece at risk of becoming the next Zimbabwe? image
Source : Telegraph [Read Article] Friday 12th of June 2015 06:05:50 PM
.... . But in a modern world where money can be despatched via text message - with recent figures showing that more money was spent using cards, online payments and cheques last year in the UK than in cash - it simply doesn’t matter. ...
.... Your account has now been unlocked and credited with £40 as a gesture of goodwill. A spokeswoman for Santander says that as you were setting up "a new online payment for over £1,000", and "at a time when fraudulent activity is on the increase, further procedures have been put in place to protect our customers. ...
I tried to repay a friend £300, but NatWest lost it image
Source : Guardian [Read Article] Sunday 19th of April 2015 06:00:06 AM
....We firmly believe that the Financial Conduct Authority needs to look at this area, and there has to be a better way of dealing with lost payments than this. In the meantime, check and double check the account numbers when sending an online payment. ...
Beware 'invoice' email scam to steal bank details image
Source : Telegraph [Read Article] Sunday 12th of April 2015 08:03:56 AM
.... . – Consider using a separate computer dedicated to making online payments to minimise security risks. ...
Fraudsters hide behind fake invoices image
Source : BBC [Read Article] Thursday 9th of April 2015 10:52:50 AM
....Firms are being urged to keep an eye out for unexpected invoices and not to open macros on documents that staff do not trust. Accounts departments might also consider keeping a separate computer specifically for making online payments. ...
Tesla delivers 10,000 electric vehicles in first quarter of 2015 image
Source : Guardian [Read Article] Friday 3rd of April 2015 05:19:52 PM
.... His first entrepreneurial foray was at the age of 12, when he sold a video game called Blastar. He was later behind the online payment company that was to become PayPal. ...
Playtech spends £151m on another deal with founder Teddy Sagi image
Source : Telegraph [Read Article] Thursday 2nd of April 2015 11:36:38 AM
.... . Mr Sagi, a serial entrepreneur, has already had a busy 12 months floating three companies on London's Aim market: online payments provider Safecharge, digital advertising company Crossrider and Camden market via the listing of Market Tech. ...
Warren Buffet makes a Krafty move with Heinz merger image
Source : Daily Express [Read Article] Thursday 26th of March 2015 07:41:00 AM
....----------------------------. SHARES in online payments group Monitise plunged nearly 28 per cent yesterday after it failed to attract a good enough offer since putting itself up for sale in January. ...
.... After all, we pay a standing charge for our electricity, gas and telephone services, so why not for current accounts?. It's easy to take your bank account for granted but think how much harder your life would be if you didn't have the ability to make online payments and ATM cash withdrawals 24/7, or have your payment card to make purchases all over the world. ...
Tax return deadline: little-known ways to cut your tax bill image
Source : Telegraph [Read Article] Thursday 29th of January 2015 08:17:29 AM

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