All articles by Verdict Staff
Verdict Staff
Virtual Card Services, MasterCard introduce virtual payment solution in South Africa
Virtual Card Services (VCS), in collaboration with MasterCard, has introduced its virtual Point of Sale (vPOS) in South Africa, which marks the first virtual payment solution in the country.
SBI Card introduces premium credit card for HNIs
SBI Card, a subsidiary of State Bank of India (SBI), has released its latest premium credit card with host of facilities designed to target the high net worth individuals (HNIs).
Russian banks create blockchain consortium
Russian banks and financial services firms have come together to create a national blockchain consortium.
CapitaLand, Amex unveil first multi-mall loyalty credit card in Singapore
CapitaLand Mall Asia, a wholly-owned shopping mall business of CapitaLand has rolled out its multi-mall loyalty credit card in Singapore, in collaboration with American Express (Amex).
ING, KBC collaborate to launch unified mobile payment platform in Belgium
ING and KBC have joined forces to launch a new integrated payment and loyalty solution in Belgium, which will combine ING’s payment app Payconiq with loyalty platforms Qustomer and KBC’s CityLife.
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MasterCard faces £19bn lawsuit in UK for imposing excessive card processing fees
MasterCard is facing a £19bn ($24.5bn) class action lawsuit in the UK for charging exorbitant processing fees on cross-border card transactions that were passed on to shoppers.
Changing fortunes after Brexit
Post-referendum, a fun game to play is to try and find a British company whose shares have not dropped. While many firms are looking for signs of recovery, currency provider FAIRFX had its best ever week.
Cracking down on money laundering
There is a common cycle in financial security. A criminal will adapt to security protocols and regulation, the regulator adapts to combat the development and this repeats ad infinitum. The European Commissions (EC) anti-money laundering (AML) division is making progress, however. Stronger rules have been released to combat new threats. Patrick Brusnahan reports
MasterCard faces £19bn lawsuit in UK for imposing excessive card processing fees
MasterCard is facing a £19bn ($24.5bn) class action lawsuit in the UK for charging exorbitant processing fees on cross-border card transactions that were passed on to shoppers.
Wirecard to process credit card payments for Takko Fashion online store
Wirecard, a Germany-based financial services and technology company, has teamed up with Takko Fashion, to process credit card payments for the retailer’s online store.