All articles by Verdict Staff
Verdict Staff
Ukash wins Queen’s Award for second year in a row
Prepaid e-voucher provider Ukash has won the Queens Award for Enterprise for Outstanding Achievement in International Trade for the second consecutive year. The company reported 85% year-on-year growth in both 2010 and 2011, and projected growth for 2012 remains in excess of 70%.
FirstRand has e-wallet ambitions in India
South African lender FirstRands CEO for retail and commercial banking in India, Bobby Madhav, has revealed that the bank plans to enter the Indian unbanked consumer segment with an e-wallet proposition.
Chinatrust, China UnionPay cooperate on cards, remittances and online payments
Taiwan’s Chinatrust Commercial Bank signed a memorandum of understanding (MOU) for strategic cooperation with China UnionPay to jointly operate a range of cross-Taiwan Strait and international financial services. Under the pact, both sides will cooperate with each other in the fields of IC cards, the interests of card-holders, online payments, cross-border remittance and merchant acquiring services
Azerbaijan introduces MasterCard PayPass & is set for next phase of e-gov integration
Azerbaijan’s initiative to improve the countrys cards and payments infrastructure is going strong and now MasterCard is set to introduce its contactless payment technology PayPass. We work with banks of Azerbaijan to make fast, convenient and secure MasterCard PayPass technology to become available to residents of Baku this year, and the results of the study show that it will be regarded positively
Vantiv, Planet Payment add Dynamic Currency Conversion on ATMs
US payment processor Vantiv and Planet Payment, a multi-currency provider, have launched Pay in Your Currency, a Dynamic Currency Conversion (DDC) service for ATMs. The deal struck by the companies allows international cardholders to check the final amount of a cash withdrawal in their home currency at the time of the transaction The move seeks to implement the service in the US where Vantiv and Planet Payment already offer multi-currency solutions to merchants since 2003
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China’s UnionPay boosts global network
Chinese card network China UnionPay (CUP) has announced a series of measures aimed at extending the range of services available to cardholders, both at home and overseas. CUP expects to roll out a cross-border e-payment service enabling its client base to buy online from 8 million of merchants in Taiwan, Hong Kong, the US, Japan, Korea, Australia, New Zealand and Europe The network has announced improved services for cardholders outside the country, having built a debit card and ATM acceptance network in 125 overseas countries.
Video interviews from Prepaid Middle East
At VRLs third annual Prepaid Summit Middle East the conversation focused on the realities of business planning and identifying the true value proposition of prepaid. Delegates were concerned that lack of education could be a hindrance but the consensus was that the region still holds great potential.
CashFlow links merchant accounts to e-invoicing solution
Voice Commerce Group-owned CashFlows has developed an e-invoicing system that links directly into a suppliers merchant account at a bank. The new solution sits within CashFlows CashFlows Account and provides an integrated approach to e-invoicing. The supplier can then issue invoices automatically and enable their buyers to pay over the phone, online or with CashFlows biometric technology-supported mobile payment solution VoicePay.
Opportunities in Supply Chain Finance
There are many aspects to Supply Chain Finance, but no single, universally-agreed upon definition of what it actually involves.
Iceland’s Borgun paves the way for all-in-one payment platform
Borgum, one of the largest credit cards issuers in Iceland, will partner with OpenWay, a tech firm that provides software solutions for payment processing. Borgun has 200,000 cards in the marketplace and a client base of 10,000 merchants It will adopt WAY4, OpenWay’s platform which has capacity to manage a wide range of online and mobile banking transactions.