For the first time, fraud investigators have discovered chip-and-pin card
readers in the possession of criminals, signalling the next level in
sophistication of attacks on payments systems banks have been maintaining as
In the biggest raid so far, the Cheque and Plastic Crime Unit found the
terminals in a Birmingham factory set up to make cards on a ‘massive’ scale, the
Financial Times reports.
Two people have been charged with conspiracy to defraud in arrests described
by Detective Chief Inspector John Folan as a ‘significant development’ in the
unit’s work to reduce card fraud.
Apparently, by examining the terminals in their possession, fraudsters were
able to develop tracking devices that could be placed on retailers’ readers to
yield the card details of individual customers.
Barclays has partnered with accounting software company Xero to provide businesses with access to transaction data through its direct feed.
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
Xero unveiled its expanded global partner programme at Xerocon South, the accounting technology conference in Australasia
Accountancy software firm Sage has been hit by a data breach which may have compromised the personal details and bank account details of as many as 300 UK businesses