All articles by Verdict Staff
Verdict Staff
East West Banking to buy Standard Chartereds retail banking operations in Philippines
Philippines’ East West Banking has agreed to acquire the retail banking business of Standard Chartered Bank Philippines.
European and Latin American groups collaborate to combat payments crime
The European ATM Security Team (EAST) and Latin American Association of Operators Electronic Funds Transfer and Information Services (ATEFI) have teamed up to combat all types of payment crime including payment card fraud, hi-tech crime and ATM cyber and physical attacks.
Payments processor JetPay hires new CEO
JetPay, a US-based card and payments processor, has named current member of the company’s board of directors Diane Faro as its new CEO, replacing Bipin Shah.
CNP fraud to cost over $7bn in the US by 2020
Card-not-present (CNP) fraud – fraudulent transactions where a credit card is not physically presented to a merchant – will cost retailers and financial institutions $7.2bn in the US by the end of 2020, according to a study by iovation and Aite Group.
Federal Bank, Transfast collaborate over cross-border remittance
Indian private sector lender Federal Bank has partnered with payment solutions provider Transfast Remittance for enabling online inward remittance to India from the US.
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Bottomline Technologies collaborate with Barclays to launch mobile payment solution
Bottomline Technologies, a provider of cloud-based payment and digital banking solutions, has launched a mobile payment solution for the UK in partnership with Barclays.
Konga.com introduces new payment service in Nigeria
Nigerian e-commerce giant Konga.com has rolled out a new payment solution through its KongaPay platform to facilitate the initiation and completion of transactions in a seamless manner.
ACI Worldwide swings to profit in Q1
ACI Worldwide, a provider of real-time electronic payment and banking solutions, has posted net income of $89.48m for the first quarter of 2016, compared to net loss of $162,000 a year ago.
NXG to launch CardXs revenue-neutral card acceptance solution in Canada
NXG International, a provider of payment services and solutions in Canada, has signed a deal to launch CardXs revenue-neutral card acceptance solution, dubbed Intelligent Rate, for qualifying Canadian merchants.
i2c enhances card control and real-time alert features
i2c, a US-based provider of cloud prepaid processing and commerce solutions, has upgraded the card control and real-time alert features of its payment processing platform.