All articles by Verdict Staff
Verdict Staff
China Mobile, UnionPay agree on standards for NFC-based mobile payment systems
China Mobile, a telecommunications operator, has signed an agreement with payment service provider UnionPay to offer payment systems based on NFC technology embedded in mobile phones.
Backlash after overseas ATM fee hike hits Australian travellers with minimum $4 per withdrawal
Since January 1, more than 250,000 Australian holders of a 28 Degrees Mastercard, previously the only fee-free travel money card, have faced a 3% charge when using overseas ATMs.
BAAC plans to upgrade farmer loan cards to credit cards in Thailand
The Bank for Agriculture and Agricultural Cooperatives (BAAC), a Bangkok-based state enterprise operating under Thailand Finance Ministry jurisdiction, is planning to upgrade its loan cards to credit cards, allowing cardholders to use them for shopping at regular stores.
GlobalPlatform releases end-to-end framework for contactless payments
GlobalPlatform, the association which regulates the management of applications on secure chip technology, has released its new framework, focused on contactless payments.
CPP agrees to pay £1.3bn for selling faulty card insurance
CPP has approved the Financial Regulatory Authoritys (FRA) order to pay around £1.3bn to seven million people, who were miss-sold identity theft insurance that protected their credit and debit cards.
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O2 to close mobile wallet services
O2, a UK-based mobile and broadband services provider, has decided to close its mobile wallet, O2 Wallet, about 18 months after the products launch.
Virgin Atlantic to reward customers for signing MBNA loyalty credit cards
Virgin Atlantic is rewarding customers, who sign-up to its MBNA loyalty credit cards, with a bonus of up to 25,000 Flying Club miles.
European Commission proposes to extend SEPA migration deadline
The European Commission has approved a proposal to extend the deadline for Single Euro Payments Area (SEPA) format by six months, to reduce the risk of disruption to payments for consumers and businesses.
MoneyGram, PSBC sign deal to offer money transfer services in China
MoneyGram has entered into a deal with Postal Savings Bank of China (PSBC) to offer its money transfer services at over 3,700 locations in China.
SunTrust, Western Union partner to launch money transfer, bill payment service
Atlanta-based SunTrust Bank has partnered with Western Union (WU) to launch Western Union global money transfer and bill payment services at over 1,500 bank agent locations in southeastern US.