All articles by Verdict Staff
Verdict Staff
Barclaycard happy with UK adoption of NFC
Thenumberof Barclaycard PayTag NFC stickerin issueis increasing and the company is optimistic about the customers adoption of the technology.The company also predicts that thevolume of point of sales (POS) compatible with NFC technology in theUnited Kingdomwill soar by 50% in 2012.The take up of the PayTag has been phenomenally successful
Contactless payments at UK Post Offices
All Post Office branches in the UK will have the capacity to accept NFC contactless payments by the end of this year Global Payments subsidiary HSBC Merchant Services won a tender to supply payment solutions to the UK postal services in November 2011, and the acquirer has now announced its plans to roll out what it says is the largest deployment of contactless technology in Europe
US prepaid cards: Federal Authorities start regulation
The Consumer Financial Protection Bureau (CFPB) has started a consultation period aimed at addressing the regulation of the prepaid card market. The Federal Agency has launched an Advance Notice of Proposed Rulemaking the goal of which is to ensure security and transparency for consumers in this fast-growing sector CFPB Director Richard Cordray said: The people who use prepaid cards are, in many instances, the most vulnerable among us
The Target2 imbalance problem
The breakdown in inter-bank lending in Europe and flight of capital from peripheral nations has created imbalances of hundreds of billions of dollars in the Target2 Real Time Gross Settlement system Target2, as the central plank of the European payments system, is not something which sets the pulse racing in the payments industry it concerns, let alone in the wider financial world.
India’s RuPay: pin-based authentication for e-commerce
The National Payments Corporation of India (NPCI) has announced that its pin-only RuPay debit cards will be able to be used for online transactions, using pin-based authentication. The NPCI has partnered with Acculynk, a debit card payments security specialist that will support RuPay cards with PaySecure, a solution that allows e-shoppers to enter their existing debit card and PIN numbers to complete online transactions
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Zynga, AmEx offer prepaid card with virtual rewards
Zynga social games and American Express (AmEx) have teamed up to offer a co-branded prepaid debit card that rewards consumers with virtual currency and goods on FarmVille when they make purchases with their AmEx.FarmVille players can subscribe for the Zynga Serve Rewards programme and will receive a card in the mail
UK: Clydesdale & Yorkshire Bank, MasterCard to issue multi-currency prepaid card
Clydesdale and Yorkshire Banks have gone live with a prepaid currency card in partnership with MasterCard. Yorkshire Bank is a trading name of the Scottish Clydesdale Bank and both are members of the National Australia Bank Group. The prepaid currency card is available for the banks customers in sterling, euro and US dollar.
Optimal Payments partners with Lotus F1 Team for CNP solution
Online payments processor Optimal Payments has entered into an official partnership with UK formula ones Lotus F1 Team, in which the two companies will work closely to create a unique solution for credit and debit card and alternative methods of payment in a card-not-present (CNP) environment
Barclaycard ends loyalty scheme in UK
The programme has over a million users who are now being given two months to spend the points accumulated in the past two years when the scheme was launched.
ACI updates multi-currency system for acquirers
ACIs ACI Acquirer now comes with greater support for US taxation requirements, enhanced interchange fee processing and expanded features for merchant settlement delay and deposit reserves. The payments solution provider has upgraded its existing merchant account management system to meet new regulatory changes and requirements in the US. The US remains a very competitive and dynamic merchant acquiring market, subject to a number of essential regulatory requirements and changes in operating conditions, said David Morem, executive vice-president, Global Products and Maintenance, ACI Worldwide.