All articles by Verdict Staff
Verdict Staff
Indias SCDCC Bank introduces RuPay Kisan credit, debit card facility for PACS
India-based South Canara District Central Cooperative (SCDCC) Bank has released the RuPay Kisan Credit Card and RuPay Debit Card facility for primary agricultural cooperative societies (PACS).
Handelsbanken and Point partner to offer mobile payments to small businesses
Swedish bank Handelsbanken has partnered with Point, a VeriFone company, to offer mobile payment services for micro merchants and other small businesses in Sweden.
Wallaby launches beta version of its payment app for Google Glass
Wallaby Financial, a California-based venture-backed startup, has launched the beta version of its app, Pay With Wallaby, for Google Glass.
MasterCard launches new cashless mobile payment solution in Lebanon
MasterCard has collaborated with Bank Audi, Lebanese mobile network Alfa and Touch, a mobile telecommunications operator, to launch a new cashless mobile payment solution for consumers in Lebanon to manage quick and secure daily transactions using their smartphones.
Garanti selects Gemalto for mobile contactless services
Turkey-based Garanti Bank has signed an agreement to deploy Gemaltos Optelio Contactless microSD to support the rollout of its mobile contactless services in the country.
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Orange teams up with 3V to offer Orange Cash for Spanish customers
Orange has teamed up with 3V, an Irish mobile payments company, to launch Orange Cash, a MasterCard reloadable prepaid account for Apple iOS and Android smartphones on any mobile carrier, in Spain.
MasterCard and Syniversa to roll out anti-fraud service based on geolocation
MasterCard has teamed up with Syniversa in order to release a service that uses the geolocating feature on smartphones to determine whether payment cards are being used fraudulently abroad.
Virgin Money extends 0% balance transfer period on credit card to 29 months
Virgin Money has extended the 0% balance transfer (BT) period on credit card from current 26 to 29 months, following which the interest rate reverts to standard rate of 18.9% per annum.
Regulation: PSD-2 A headache for bank strategists?
The proposal for a revised Payment Services Directive, now commonly called PSD-2, was published in July 2013. It is essential that bank strategists fully understand the implications as the proposals will require changes in the business terms and procedures used by all payment service providers, writes Roger Davies
Slap on the wrist for South Korean card companies
It was the largest data theft ever in South Korea. Affecting 40% of people in the country, the details of customers at three card companies was stolen by a contractor and sold on. Billy Bambrough examines the scale of the theft and the impact of the punishment dished out by the regulator