06 November 2013
07 August 2013
Slovakians already use their Visa cards to make more than one million contactless transactions every month – a really significant number in a country of six million people. This demonstrates not only that Slovakian banks are some of the most forward-thinking in Europe, but also that consumers here truly understand how new payment methods can benefit them. It’s these market dynamics that helped Slovakia become the first country to witness a full-scale commercial launch of SIM-based...
01 August 2013
Russian Privat ("Moskomprivatbank") today serves more than one million active credit card holders. As reported in the bank, for the first 6 months of this year, the number of customers who used credit limits on their cards "Universal" has increased by 40% to 1 million 20 thousand people. The total amount of credit limits available to Russian owners of PrivatBank's credit cards, accounts for more than 30 billion rubles. "The credit limits on Privatbank's cards are much easier...
29 July 2013
German cryptographer Karsten Nohl said he will reveal new findings on July 31 that indicate SIM cards contain encryption and software flaws, Forbes reported. Nohl said he uncovered a two-part flaw after three years of research, and that it could allow hackers to infect SIM cards with a virus that sends premium text messages. If successfully carried out, the media outlet said, the flaw could cause payment system fraud in parts of the world where SIM cards play a vital role in this industry....
26 July 2013
Card fraud has been on a declining trend since 2007, thanks to technological advances that are making transactions safer. This is the main conclusion of the second report on card fraud published today by the European Central Bank (ECB). However, fraud is migrating to countries where the technology remains less developed. From 2010 to 2011 there was a further decrease in the value of fraud, despite growing card usage in the Single Euro Payments Area (SEPA), which comprises 32 countries (the...
26 July 2013
Alfa-Bank announces the launch of the service «Cash Remittance Through Credit Cards». Holders of all categories of Alfa-Bank’s credit cards (Russia) can transfer cash to all debit and credit cards issued by banks in Russia, Armenia, Azerbaijan, Belarus, Ukraine, Kazakhstan and Moldova. Cash remittance from credit cards is an easy and convenient way, with a lack of own funds, to transfer cash to the family or make...
25 July 2013
PJSC “Ukrsotsbank, UniCredit Bank™, to launch sales of cards with Visa PayWave innovative contactless technology
PJSC "Ukrsotsbank", which operates under the UniCredit Bank trade mark, on 10th July 2013 started to sell high-tech cards with innovative technology of contactless payments - Visa Classic payWave and Visa Gold payWave. Visa payWave technology allows making payments by putting card on the contactless reader device. In this case, the card shouldn’t be passed to the teller or be inserted into a payment terminal and it isn’t necessary to sign a receipt or enter a PIN code when...
18 July 2013
In early July 2013 PJSC "Ukrsotsbank", which operates under the UniCredit Bank trade mark, implemented a function of PIN-code change for chip cards via ATMs of financial institutions, previously available only for holders of magnetic plastic. The launch of the new feature was a logical extension of both card transactions security level and quality of customer service improvement strategy for holders of chip cards of PJSC "Ukrsotsbank”, UniCredit Bank™. As part of this policy, the...
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