All articles by Verdict Staff
Verdict Staff
Turkey introduces e-wallet check out service
The service is called Express and requires consumers and merchants to register their card details for it on the BKM website.
Indonesia: Issuers against credit card regulations
Card issuing banks in Indonesia have expressed their discontent with the Central Banks regulation, which aims to cap overdue payments fees for credit cards, local media reports The Central Bankof Indonesia recently implemented a change to an existing law that affects credit card ownership (Bank Indonesia Regulation No
Network International, Ahli United Bank in POS acquiring deal
Middle East-based payment solutions providers Network International has gone into an agreement with Ahli United Bank to start a POS acquiring service in Bahrain. With the leading market share on the acquiring side in the UAE, Network International is rapidly developing a truly region-wide footprint
BKM takes on cash with pro-debit card campaign
Last month, the Turkish interbank card centre Bankalararasi Kart Merkezi (BKM) won the Cards and Payments Trailblazer Award for Best Marketing Initiative with its innovative anti-cash campaign and rightly so. In a country where credit cards usage and affiliated loyalty schemes are held in very high regard by banks the world over, cash is still very much ingrained in peoples daily lives But BKM, a membership body that brings together 27 major Turkish banks, is striving to put cash where many in the banking industry feel it belongs: in the past
SEPA Direct Debits: clearing the hurdles
The deadline is approaching, but there are hurdles that are likely to persist beyond the SEPA migration deadline With the migration to SEPA standards comes the issue of upgrading or replacing legacy mandate and exception management formats, a key challenge in the implementation of SDDs
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iZettle raises USD31.4m to fuel global expansion
Social payments company iZettle has raisedUSD31.4mto pave its expansions plans.The capital was acquired in two funding rounds (Series A and B) and will help the Stockholm-based company to break the Nordic frontiers acrossEuropeand other markets where chip-cards are the standard. The company uses a mini chip-card reader and app to convert an iPhone or iPad into a credit card terminal and has initiated tests for commercial release in theUK.
US federal agency unveils a credit card complaints database
The Consumer Financial Protection Bureau (CFPB) has made public a database of credit card complaints submitted by US consumers since 1 June 2012 The federal agency has also released a report in which 45,000 complaints relating to several financial issues are analysed Watchdog organisations have welcomed the CFPB’s decision to make the database of credit card complaints public.
Standard Chartered launches exclusive credit card in Bangladesh
Standard Chartered has announced plans to launch a Visa credit card targeted to high-end customers in Bangladesh Standard Chartereds Visa Signature Card will offer customers travel, dining and lifestyle benefits both in Bangladesh and abroad
Japan’s JCB expands into South Africa with acquiring licence from Equity Bank Kenya
JCB International (JCBI), a subsidiary of the Japanese payment brand JCB, and Equity Bank of Kenya have signed a merchant acquiring license agreement to extend JCB card acceptance at the banks merchant locations in South Africa, as well as Kenya, Uganda, South Sudan, Rwanda and Tanzania.
Phoenix PaySecure goes live in the UK with Underbelly
Phoenix Managed Networks has deployed its payments security solution Phoenix PaySecure in theUKfor the first time with the live entertainment company Underbelly PaySecure has allowed us to migrate to a faster IP system which guarantees security for ourselves and our customers The fact that this goes beyond payments into other sections of the business, such as ticketing, is fantastic, said Sarah Fleming, Underbelly operations manager.