Several large German banks have had to exchange thousands of customers’ credit cards after details were stolen in a hacker attack at the end of last year.
Tourists and business travellers visiting Germany are often surprised when they reach to pay for their beer, metro tickets or even a large restaurant bill that their credit cards are not welcome. Habits, however, are slowly changing as younger consumers leapfrog from cash to convenient electronic forms of payment.
Germany’s Sparkasse group of banks is testing a new touch-free payment system that promises to revolutionise the way regular people do their everyday shopping.
Germany's attachment to cash is under attack, with European Union encouraging people to pay with cards and even mobile phones by making it safer and easier to do so.
Customers who stayed at one of the hotels owned by international hotel conglomerate Starwood within Germany may have been victim to widespread credit card fraud, the company confirmed on Tuesday.
Around 30 million high-tech German bank cards are estimated to have been rendered useless this week by a computer bug related to the New Year's switch.
Many Germans have been hit by a computer bug linked to the year 2010 that has rendered their bank cards useless, the ZKA banking commission said on Monday.
A massive fraud ring in Spain has sparked a growing recall of German credit cards, with customers of nearly all banks in the country affected. Some 100,000 cards been affected so far.
Thousands of Lufthansa “Miles & More” credit cards have been frozen because of fears they were vulnerable to a major fraud ring in Spain, the airline announced Monday.
