Friday, March 25, 2011

International Payment News Roundup

From VRL/Cards International

McDonalds LatAm set to deploy VeriFone's PAYware

McDonalds LatAm set to deploy VeriFone's PAYware

E-payments solutions provider VeriFone will supply its PAYware merchant card payment and settlement hosted service to Latin American restaurant operator Arcos Dorados – manager of the McDonald’s brand in the region.Free
LatAm virtual goods market to double by 2012

LatAm virtual goods market to double by 2012

Latin America’s virtual goods market is set to increase by more than 50% to $517m by 2012, according to research by online monetisation platform PlaySpan.Free
Fed passes amendment to CARD Act

Fed passes amendment to CARD Act

The Federal Reserve’s proposed amendment to Regulation Z of the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 may have drawn many critics but the controversial rule has been passed.Free
CyberSource launches real-time fraud detection

CyberSource launches real-time fraud detection

Payments management company Cybersource has developed ‘Decision Manager’ - a real-time fraud detection radar for online merchants.Free
Nokia and UBI take advantage of NPCI's switching fee

Nokia and UBI take advantage of NPCI's switching fee

The National Payments Corporation of India (NPCI) has reduced its proposed switching fee for mobile money transfers from 25 paise to 10 paise in a bid to encourage the use of m-payments.Free
UnionPay strengthens presence in Russia

UnionPay strengthens presence in Russia

Russian bank Gazprombank will launch Chinese credit-card organisation UnionPay’s card payment service at its ATMs and merchants by the end of the year.Free
Google to test NFC m-payments

Google to test NFC m-payments

Google plans to team up with e-payments technology provider VeriFone to begin testing m-payments using near-field communication (NFC) technology in retail locations around the US.Free
Visa announces 2010 LAC results

Visa announces 2010 LAC results

Visa’s payments volume grew by 23.2% in the Latin America and Caribbean (LAC) region last year reaching $270bn, according to the network’s 2010 year-end results.Free
Apple shuns NFC for iPhone

Apple shuns NFC for iPhone

The future of contactless m-payments looks shaky once again as tech giant Apple confirms it will not include near-field communication (NFC) chips in its iPhone 5 due for release this year.Free
US consumers eye credit cards in 2011

US consumers eye credit cards in 2011

Young consumers in the US are said to be showing more interest in credit cards as the economy gradually starts to pick up, according to a study by the Auriemma Consulting Group (ACG).Free

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