All articles by Verdict Staff
Verdict Staff
Conservative organisations call for the repeal of the Durbin amendment
The Durbin Amendment came to the forefront once more in mid-June when eighteen conservative think tanks sent a letter to the US Congress calling for the repeal of this legislation. The National Tax Limitation Committee, the Institute for Liberty, ConservativeHQ.com, the Club for Growth, the Faith and Freedom Coalition, or the Maryland Center-Right Coalition are among the signatoriesof the letter
Issuer processors find potential in Brazil
While larger operators typically handle the work in house, smaller banks are more likely to look to third-party processors
Europe’s Prepaid Power Ten revealed
MasterCard’s Matthew Lanford was named the top contributor to the European Prepaid industry for 2011-2012 at the Prepaid Conference in London last night. The conference organisers, Clarion, announced the names of ten people it considers to be the European prepaid industrys key movers and shakers. Lawyer Robert Courtneidge, who recently moved to the London office of US firm Locke Lord, and took over the Chairmanship of PIF, was named the industrys second most powerful figure
TIO MobilePay: Mobile App to Pay Bills for the underbanked population
TIO Networks, a US bill payment company, has announced the launch of a mobile app that enables customers to pay bills in real time via MasterCard and VISA cards TIO MobilePay is an app powered by TIO Wallet compatible with iPhone, iPad and Android operating systems, with which the company said will target the 60 million Americans who are underbanked.
VeriFone launches a multi-channel card payment solution
VeriFone will launch PAYware Ocius, a multi-channel platform for processing card transactions across all sales channels including online, mobile and at the point of sale payments, in the UK and Ireland Verifone acquired Commidea last year, as well as the Stockholm-based Point, one of northern Europe’s largest providers of POS services for retailers as part of its strategy to grow its distribution network.
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Imperva launches a high-risk transactions malware protection software
Data security firm Imperva has added a device identification and fraud malware detection to its fraud prevention software ThreatRadar The companies said ThreatMetrixs software interoperates with the Impervas SecureSphere Web Application Firewall (WAF) to help secure high-risk transactions, new account origination and online authentication against fraud. The ThreatRadar Fraud Prevention is aimed at detecting fraudulent users and helps prevent fake accounts and log-ins, mitigating fraud-related expenses, according to Imperva.
Vodafone buys UK mobile coupon provider Vouchercloud
Vodafone is moving further into the mobile commerce space with its acquisition of Vouchercloud, a smartphone-based coupon provider. The Vodafone Group was already a shareholder in Vouchercloud with a 21% stake since May 2011, but increased its stake in the company to 57% on 6 June
Google eyes Kenyan market for e-payments
Google has rolled out an NFC-enabled card called the Beba Card for public transport in Kenya’s capital Nairobi. The card will be used on the Citi Hoppa buses.
Prepaid International Forum wants Indian mobile carriers in the club
In a statement PIF has acknowledged the important role mobile operators play in the prepaid market in India. The body said that according to a recent report by Total System Services (TSYS) the ubiquity of mobile phones in rural India provides financial institutions with an attractive alternative to expensive infrastructure improvements.
BB&T: new account for parents and teenagers
BB&T Corporation has announced plans to launch a prepaid product aimed at meeting the financial needs of both teenagers and their parents The LEAP Account can been designed to link to parents own bank accounts, enabling them to transfer funds from other BB&T accounts and monitor balances and card usage