British payday lenders must publish the costs of their loans on comparison websites so consumers can shop for the best deals, the U.K.’s Competition and Markets Authority (CMA) announced on Tuesday (Feb. 24). New rules from the CMA also require payday lenders to give current...
After reports last week that Gemalto had seen the encryption keys for its SIM cards stolen by the NSA and GCHQ , the Dutch company has officially responded that its products are secure. “Initial conclusions already indicate that Gemalto SIM products (as well as banking cards,...
Gemalto, the Netherlands-based firm that is also the world’s largest manufacturer of SIM cards, is currently investigating whether or not its encryption keys have been lifted by US and UK spies. If the keys have been stolen, anyone in possession of them would have the...
European manufacturers are now pushing for a consistent Eurozone-wide internet that can function as both a digital marketplace and a network for manufacturers to interoperate, the Wall Street Journal reported on Tuesday (Feb. 17). Failing to solve cross-border network issues will mean European manufacturers will...
Europe’s answer to Square, iZettle, is introducing its new Card Reader Lite, which is reportedly the world’s first free-of-charge Chip and PIN reader. Businesses in the U.K., Sweden, Norway, Denmark, Finland, Spain, Germany and the Netherlands can now get the free hardware necessary to take payments...
Over 100 banks worldwide have been hit in a cyberheist that Russian cybersecurity firm Kaspersky Lab estimates could have netted as much as $900 million in stolen funds. The massive theft was discovered in late 2013 when an ATM in Kiev went crazy and started...
Once transaction processing for Visa and MasterCard has been transferred to the new Russian National Payment Card System in April, the cards will again function in Crimea, a Russian government official said on Friday (Feb. 6). Anatoly Aksakov, deputy head of the financial committee of...
Ipagoo, an online-only service that lets Euro-zone customers create virtual bank accounts throughout Europe, is set to launch on Friday (Feb. 6), the Financial Times reported. The service will initially go live for personal accounts in the U.K., Spain, France, and Italy. Over the next...
Bitcoin’s economics are inherently flawed and it isn’t mature enough for mass adoption, according to Greg Baxter, Citi’s head of digital strategy. “If you take all bitcoin transactions last year, we did [that much value] in three hours of trading. So I think the maturity...