All articles by Verdict Staff

Verdict Staff

InComm acquires Hong Kong-based ValuAccess

InComm, a prepaid product and transaction services company, has acquired Hong Kong-based prepaid distribution business of ValuAccess, a provider of stored value programs, loyalty programs and transaction processing to Asian retailers.

Savedroid, Wirecard roll out Germany’s first intelligent saving app

Wirecard Group has partnered with Frankfurt-based fintech company Savedroid to introduce an intelligent saving app, designed to help users save money as they go about their everyday activities.

Capital Bank offers upgraded MasterCard-branded platinum debit cards

US-based Capital Bank has wrapped up the conversion of its debit card portfolio to platinum debit MasterCard-branded cards.

Ant Financial partners with Menusifu to expand Alipay to US restaurants

Ant Financial, an affiliate of e-commerce giant Alibaba, has signed a partnership agreement with Menusifu, a New York-based point-of-sales software developer, to foray into the US restaurant market with its mobile payment app Alipay.

UK’s payments infrastructure needs reform, says watchdog

Britain’s payments infrastructure needs to undergo reform in order to boost competition and to better meet consumer needs, the country’s payment regulator said.

Global Payments Q4 net income down 43%

Global Payments, a provider of payment technology services, has posted a net income attributable to company of $37.18m for the fourth quarter of fiscal year 2016, a slump of 43% compared to $65.32m a year ago.

UK’s payments infrastructure needs reform, says watchdog

Britain’s payments infrastructure needs to undergo reform in order to boost competition and to better meet consumer needs, the country’s payment regulator said.

MasterCard Q2 net income up 7%

MasterCard has reported a net income of $983m, or $0.89 per diluted share, for the second quarter of 2016, a 6.7% increase compared to $921m, or $0.81 per diluted share, for the same period previous year.

Alliance Data’s card services business signs agreement with Ulta Beauty

Alliance Data Systems’ Ohio-based card services business has agreed to offer private label and co-branded credit card services for beauty retailer Ulta Beauty.

Worldline launches credit card for Singer Finance in Sri Lanka

Worldline has forayed into Sri Lanka with the introduction of a credit card for Singer Finance Lanka, a subsidiary of Singer (Sri Lanka).