All articles by Verdict Staff
Verdict Staff
Visa to sue Wal-Mart over swipe fee claims
Visa is to sue American retailer Wal-Mart after it rejected the $7.25bn antitrust settlement in an interchange fee lawsuit that is continuing to rattle the US payment industry.
Card payments near to pre-crisis levels in Taiwan
The recession is still showing its effects in Taiwan as the industry fails to recover to pre-2009 levels. The channel has seen some growth however. Cards International analyses a report by data and advisory company Timetric on the emerging opportunities in Taiwans cards and payments industry
Polymath Consulting launches prepaid database
UK based Polymath Consulting has launched its free global prepaid processor database.
Leader of $200m credit card scheme pleads guilty
The alleged leader of a $200m credit card scheme that involved 25,000 fraudulent credit cards has pleaded guilty in court.
Adjusting to changes
There is a positive outlook for the coming years in the payment industry and energy is set to be directed towards investments in marketing and business restructuring. A survey by Timetric identifies stakeholders’ bets on the best strategy to pursue
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MasterCard promotes electronic food vouchers in Iraq
MasterCard is to collaborate with the UN World Food Programme (WFP) on the introduction of electronic vouchers that will distribute benefits, such as food vouchers, education and healthcare through smart cards.
US Banks profit from debit card overdraft fees
A new report conducted by the Consumer Financial Protection Bureau (CFPB) has found that overdraft fees are still a large source of revenue for banks in the US.
Is the cloud the answer to true global EMV?
Since their introduction, EMV chip-based payment credit cards have undoubtedly played a major role in reducing fraud where they have been deployed.
Banco Santander invests in iZettle
Banco Santander, the largest bank in Europe by market capitalisation, is to invest 5m ($6.6m) into Swedish mobile payments company iZettle.
NFC struggles to gain adoption but mobile transactions continue to increase
In a recent report, Gartner has reduced its predicted transaction value of Near Field Communications (NFC) technology by 40% due to its struggle to gain adoption in 2012.