All articles by Verdict Staff

Verdict Staff

Profit to come before loyalty

It was, I suppose, inevitable that UK credit card issuers would slash rewards perks in response to the EU interchange regulation.

Wirecard buys Romanian payment provider Provus Group

German payments company Wirecard has purchased all shares of Romanian payment provider Provus Group for EUR32m from Polish private equity fund Innova Capital.

Nordea selects FICO’s platform to counter payment cards fraud

Swedish lender Nordea has selected FICO’s fraud management solution, FICO Falcon Platform, to protect its customers from credit, debit and e-payments fraud.

Number26 teams with TransferWise for international money transfers

Number26, a German digital banking start up backed by Peter Thiel, has teamed with TransferWise, a UK-based peer-to-peer money-transfer firm, to offer its customers in-app access to TransferWise’s service.

Cryptomathic joins PCI Security Standards Council as participating organization

Crypto solutions provider Cryptomathic has joined the PCI Security Standards Council as a new participating organisation to enhance payment data security worldwide.

BitFury invests in African bitcoin exchange BitPesa

BitFury Group, a bitcoin blockchain infrastructure provider and transaction processing startup, has invested an undisclosed sum in Pan-African bitcoin payments and trading firm BitPesa.

Philippine’s Asia United Bank expands credit card portfolio

Philippine-based Asia United Bank (AUB) has launched new credit card products in partnership with Compass Plus, a retail banking and e-payments software provider.

Bluefin teams up with WorldNet to offer P2PE encryption for global merchants

Bluefin Payment Systems has partnered with WorldNet, a provider of payment and transaction processing services, to boost data security for companies using the WorldNet platform with the addition of Bluefin’s Decryptx PCI-Validated Point-to-Point Encryption (P2PE) solution.

Citigroup to buy Costco’s US co-brand card portfolio

Citigroup has signed a definitive agreement with American Express to purchase warehouse chain Costco’s co-brand credit card portfolio in the US for an undisclosed amount.

Nordea selects FICO’s platform to counter payment cards fraud

Swedish lender Nordea has selected FICO’s fraud management solution, FICO Falcon Platform, to protect its customers from credit, debit and e-payments fraud.