All articles by Verdict Staff

Verdict Staff

China focuses on the rural population

Despite being Asia’s largest payment card market in terms of value and volume, much of China’s large rural population has little access to formal banking infrastructure. What will rises in the economically active population and disposable incomes, and the adoption of contactless do for card use and acceptance?

FIS partners with PAI to offer cardless cash at ATMs to reduce card skimming

FIS and Payment Alliance International (PAI) have collaborated to offer FIS Cardless Cash, a mobile solution, to ATMs across the US, in order to reduce the risk of card skimming during ATM transactions.

Bank of the West teams up with MasterCard to enhance mobile payment experience

Bank of the West has partnered with MasterCard to offer its customers an enhanced online and mobile shopping experience with Masterpass by MasterCard.

New Zealand’s Semble to suspend mobile payments service

New Zealand-based mobile wallet company Semble has decided to discontinue its current mobile payment service following a strategic review of the business.

JCBI to issue to co-branded cards in Russia

JCB International (JCBI), an international operations subsidiary of JCB, has teamed up with National System of Payment Cards (NSPK), a subsidiary of Central Bank of Russia, to issue co-branded Mir/JCB cards in Russia.

ShopClues snaps up payments startup Momoe

Indian online shopping marketplace ShopClues has acquired Bangalore-based mobile payments platform Momoe Technologies for an undisclosed amount in a bid to build its payments business.

Macquarie adds Android Pay support to credit cardholders in Australia

Macquarie Group, an investment banking and diversified financial services group, has teamed up with Google to offer Android Pay support to its credit cardholders in Australia.

Samsung Pay lands in Brazil

Samsung Electronics is set to launch its mobile payment service Samsung Pay in Brazil, making it the first country in South America to get the service.

Brexit financial market regulations mean trouble for UK-based banks

Hundreds of financial institutions and fintech startups have used London as a window to the EU’s 27 countries and common market of more than 500 people. But the window is now closing, and the UK must embark on an unknown future. Tomas Likar, vice president of strategy and business development at Hyperwallet, writes

MasterCard to pay $90m to Sainsbury’s for overcharging on interchange fees

The UK Competition Appeal Tribunal has ordered MasterCard to pay GBP68.6m (about $90m) in damages to Sainsbury’s over illegal charges imposed on payments with credit and debit cards.