European ATM Skimming Fraud Jumps 43%
May 08 2008 : In 2007, ATM fraud losses rose by 43 percent in Europe to €439.01 million (US$683.7 million) from €306.48 million in 2006, reports EAST (the European ATM Security Team).

U.S. Bank Group Completes Phase One of Fraud Study
May 07 2008 : The Financial Technology Consortium (FSTC) says it has completed the first phase of a project to study transaction fraud across the entire financial services spectrum.

UK Fraud Prevention Firm Starts Card-Not-Present Forum
May 07 2008 : The 3rd Man, a card fraud protection firm, has launched a card-not-present (CNP) forum designed to help UK retailers and other groups involved in the fight against card crime.

Regulator Orders Wachovia Compensation for Third-Party Scams
May 06 2008 : Following an 18-month investigation, the U.S Office of the Comptroller of the Currency (OCC) has directed Wachovia Bank to make restitution to consumers harmed by its relationships with several telemarketers and third-party payment processors.

German Petro Chain Banks on Euronet Prepaid Program
May 06 2008 : Euronet Worldwide says its Transact prepaid subsidiary has won a prepaid mobile airtime contract from Aral, the largest German petrol station chain.

India Central Bank Promotes M-Payments
May 05 2008 : The Reserve Bank of India (RBI) is finalizing regulatory guidelines for mobile payment systems in India.

Koreans Call for ATM Network with China, Japan
May 05 2008 : South Korea has proposed to China and Japan that a joint network be set up to connect ATMs in the three countries.

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