All articles by Verdict Staff
Verdict Staff
Bank card originations lead new credit growth in 2014: Equifax report
The total limit of new credit for bank-issued credit cards leads origination growth in January 2014, followed by home equity revolving lines and auto lending, according to the latest Equifax national consumer credit trends report.
Xero, ASB partner to launch new banking model
Xero, an online accounting software for small businesses, and ASB Bank have formed a joint initiative to launch business to bank payments.
South Korean credit card firms preferring Chinese card issuers over Visa and MasterCard
Korean credit card companies are gradually weakening their business relationships with Visa and MasterCard, while boosting ties with China UnionPay and Discover Card as part of their cost cutting strategy.
TSWG to integrate biometric technology EyeVerify into mobile money system
The System Works Group (TSWG) has announced that it will integrate its NetTeller Mobile Money with EyeVerify’s Eyeprint Verification across all iOS and Android devices, in order to offer safe and secure digital banking.
Kenyas 70% bank cards are EMV compliant, says KBA
Nearly 70% of the bank card base in Kenya has been converted to chip and pin technology and certified as EMV compliant, according to the Kenya Bankers Association (KBA).
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Moneygram partners with social and mobile payment platform PicomoPay
MoneyGram, a Dallas based money transfer and payment services company, has entered into a partnership with PicomoPay to facilitate online money transfers through PicomoPay’s Facebook application.
Standard Chartered Bank unveils Reward Plus Card
Standard Chartered Bank Korea has launched an all-in-one card, called Reward Plus Card, which will offer cardholders the benefits of multiple cards.
MasterCard launches new digital payment technology in New Zealand
MasterCard has launched its new digital payments technology, MasterPass, in New Zealand.
Country survey: Spain
The economic crisis and conservative consumer spending has hindered growth in Spain, both in terms of number of cards in circulation, and values of all card categories during the review period (2008-2012). However, with the anticipated recovery of the Spanish economy, the card payments channel is expected to recover over the forecast period (2013-2017). In terms of number of cards in circulation, the prepaid cards category is expected to show the highest growth. CI reports
US Bank deploys Fiserv’s Popmoney technology to offer real-time P2P payments
US Bank has chosen Fiserv’s Popmoney Instant Payments capability as part of its strategy to offer instant person-to-person (P2P) payments online and through mobile devices.