Olympics ticketing blunder hits hundreds
Thu, Jul, 14 2011
Nearly 700 people were charged twice while purchasing tickets for the London 2012 Olympics thanks to a processing error.Free
EFT Canada to acquire LTL credit card gateway
Wed, Jul, 13 2011
Financial processing company EFT Canada is set to acquire the credit card gateway of a privately held US consulting firm.Free
HDFC launches "limitless" credit card for Indian market
Tue, Jul, 12 2011
India’s leading private sector bank HDFC has announced the launch of an ultra-premium credit card targeting the upper class in the country.Free
'Don't fix what isn't broken' - MasterCard
Mon, Jul, 11 2011
Government intervention “threatens the continued development of payments” in the EU, according to MasterCard Europe’s president, Javier Perez.Free
McDonalds Canada adopts contactless
Mon, Jul, 11 2011
McDonalds Canada has joined the growing list of companies adopting contactless payment technology in a bid to speed up transaction times.Free
UniCredit Slovakia deploys Gemalto contactless m-payment sticker
Fri, Jul, 8 2011
Italian bank UniCredit’s subsidiary in Slovakia has begun deploying a sticker for contactless payments on mobile phones – the first such service in the country.Free
Bank of Georgia, Serverside Group introduce card personalisation programme
Fri, Jul, 8 2011
Georgia’s largest bank by assets has commenced a new consumer campaign using social media to market its newly-launched design-your-own card.Free
eBay acquires Zong in $240m deal
Fri, Jul, 8 2011
eBay has signed a cash deal worth $240m to acquire mobile payments platform Zong to strengthen its wholly owned alternative payments service PayPal’s position in the m-payments game.Free
Ireland begins move to contactless
Thu, Jul, 7 2011
Bank of Ireland has become the first bank in the Emerald Isle to introduce contactless technology as it looks to wrestle paper-based payment methods out of the hands of consumers.Free
RSB brings Diners Club to Russia
Thu, Jul, 7 2011
Discover’s business unit Diners Club International has partnered with Russian Standard Bank (RSB) to form a new franchise in Russia.Free
Fed forges the way ahead
Tue, Jul, 12 2011
The Fed’s latest meeting has resulted in an interim final rule on interchange fees in the US. Finding it impossible to please everyone, the result is a "lighter touch" rule. But it is not enough for the retail sector, writes Louise Naughton.
SIM vs SD: Under the skin of NFC
Thu, Jul, 7 2011
Despite mobile network operators’ assertions that a SIM card-based solution is the best option for delivering near field communication payments services, there is increasing discussion of alternatives such as embedding the payment application in the handset or placing it on a micro SD card. Paul Golden reports
There is an alternative
Wed, Jun, 29 2011
BB&T’s new prepaid offering costs a little more upfront but a lot less at point of sale. The company sees the product as a real opportunity to capture an emerging underbanked segment being squeezed out, as banks are forced to place restrictions on current accounts and their debit cards. Charles Davies reports.
Country Survey: Australia
Wed, Jun, 29 2011
A contactless limit of more than A$100, a concentrated sector of top-tier retailers and a primarily urban population means Australia is in prime position to become a leading market for contactless cards. Will Cain looks at the prospects for contactless in the country and its wider payments landscape.
Visa bullish on Latin America
Wed, Jun, 29 2011
Visa has identified Latin America’s emerging cards markets as a major opportunity for driving transactions onto its network. Marketing efforts in the region include helping banks penetrate unbanked segments, migrating remittance traffic from cash to prepaid cards and tapping affluent customers. Robin Arnfield reports.
Supporting Brazil's flourishing SME sector
Wed, Jun, 29 2011
In Brazil, micro, small and medium-sized businesses have more clout than most people would think and Visa is putting a lot of energy into tapping into the market. Sheena Rossiter talks to Karen Ferriera, Visa’s director of commercial products in Brazil, about how it is building relationships in this fragmented market.
Banking the unbanked: who pays?
Wed, Jun, 29 2011
Prepaid can be an excellent tool to engage those who are excluded, or have avoided, the banking system and is one step on the road to financial inclusion. Yet, while the industry continues to endeavour to improve the prepaid business model, consumers are still feeling the pain of high fees, writes Jane Cooper.
Detecting fraud abroad
Thu, Jun, 23 2011
Banks protect themselves against payment card fraud by shutting down a transaction that looks in any way out of the ordinary, and that includes when a customer tries to transact abroad. Louise Naughton investigates how banks can become more sophisticated in their fraud detection.
Unbundling gathers pace in Europe
Thu, Jun, 16 2011
One of the key parts of implementing the Single Euro Payments Area (SEPA) - unbundling - is being implemented as the European guidelines intended, although some of the consequences may be different from what was first envisioned, writes Jane Cooper
Uncertain future for Interac
Wed, Jun, 8 2011
Canada’s domestic debit network Interac has so far been able to fend off the threat of the international networks entering the local debit market. However, its future remains uncertain as Interac’s not-for-profit status means that it is limited in its ability to compete against further challenges from the likes of Visa and MasterCard, writes Jane Cooper.
