All articles by Verdict Staff
Verdict Staff
Visa’s V.me ready in autumn, WorldPay UK partner
Visa Europe has announced that its digital wallet service V.me will be launched this autumn although to only an initial group of consumers and only in the UK, Spain and France
New Zealand tests NFC on Auckland Transport
Mobile network Telecom New Zealand, Westpac and Auckland Transport have partnered to launch a pilot scheme that allows users to pay transport fares with NFC-enabled phones Digital security software firm Gemalto, ticketing solutions provider Thales and ATM network Paymark will also take part in the project. The trial is aimed at testing NFC payments in Aucklands public transport network which includes bus, trains and ferries, and will be integrated into the existing smart card system called HOP.
Kuwait’s Zain launches iCard e-payments service
Although adding few extra steps to online shopping, the iCard seems to be a safer alternative as it eliminates the need of a credit card and K-Net (the national company providing electronic banking services to all the banks in Kuwait) from the purchase process
The ‘Fiver’ is back in business
The Bank of England has announced plans to put around £4bn worth of £5 banknotes in circulation this year – a ten-fold increase on 2010 The move is part of a Bank of England initiative to improve the quality of £5 notes, whose average lifespan is one year
Russian payment platform provider RBK sets foot in Europe
RBK Money, a payment platform provider, has set up shop in the UK, from where it will look to expand its network. In Russia, RBK Money has a distribution network that spans 40,000 post offices through which it says it reaches 143 million consumers.
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ACI to unveil details of new structure after S1 acquisition
ACI is going to disclose details about its product roadmap for its payments solutions in June. ACI acquired S1 last year, after a series of rejections from S1
DCC – routing revenues away from issuer into acquirer’s pockets
Dynamic Currency Conversion – re-routing currency conversion fee revenues – is a powerful tool that can add additional revenue streams to a merchants and acquirers balance sheet, writes Duygu Tavan The US Department of Commerce forecasts that foreign travel to the US will grow by 36% between 2010 and 2016 to 81 million visitors by 2016 On the other side of the pond, VisitBritain estimates that 30.7 million tourists will travel to the UK in 2012 and spend £17.6 billion
Venezuela: held back by uncertainty
Venezuela’s credit card market has been held back, constrained by government regulations as well as economic and political uncertainty. Despite Venezuelas vast oil and gas resources, 27% of Venezuela’s estimated 28 million population live under the poverty line, according to the CIA World Fact Book
Oberthur Technologies brings smart card technology to SocGen Romania sub BRD
Oberthur Technologies has inked a deal with BRD, Socit Gnrales subsidiary in Romania, to provide new payment technology for the banks card portfolio. Oberthur will supply BRD with a multi-application dual interface payment card, which has built-in capabilities for transport, access control as well as contactless payment options, based on MasterCards PayPass
e-commerce: heavy shoppers, endless market
WorldPay has published its Global Online Shopper Report, a study that investigates the shopping habits of online consumers worldwide WorldPay found that although consumers are diversifying the devices with which they buy online, more than half of the transactions (55%) are still made using a laptop