All articles by Verdict Staff
Verdict Staff
Barclays’ Pingit now available for all UK account holders
At the launch of the service, Pingit was only available for Barclays customers, but in March the bank had said that it would expand the service to all bank accounts. Now, one month behind schedule, Barclays has opened up Pingit for all UK account holders, enabling those who download the app to send money using just the recipients phone number without sharing account details
Javelin: Prepaid cards rise in popularity
The market for prepaid debit cards is still large and growing fast, according to Javelin Strategy & Research. Thirteen percent of American consumers had prepaid cards in 2011 compared with 11% in 2010, the Prepaid Cards and Products in 2012: Enabling Financial Access for Underbanked and Gen Y Consumers found. The rise in prepaid cards is parallel to the decline in traditional banking products, such as credit and debit cards.
New Brazilian credit card offers 200 instalments
A new credit card company in Brazil is set to enter the local cut-throat market. Shopcards begins its operations in mid-April and expects to acquire two million clients in a year Shopcards will offer re-payments of up to 200 instalments this would be equal to about 16 years or more.
First Data and Ingenico, antifraud partnership
Payments hardware provider Ingenico is to roll out First Data’s a TransArmor security solution its Telium range of products in the US For them, security remains a critical success factor said First Data’s Merchant Product Management VP Tim Horton
Global Payments: Security breach fall-out
The rumour-mill has been running all week regarding a security breach suffered by Global Payments in the US In a conference call for investors, the companys CEO Paul Garcia did not spend much time elaborating on the cause of the problem, but did make efforts to definite its scope
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NewNet: Elavon’s new partner in Brazil
Third-party processor Elavon is partnering with payment tech firm NewNet to penetrate the growing Brazilian market. Elavon will be supported by NewNet’s solution portfolio which includes the Total Control 1000 (TC1000) dial gateway and AccessGuard platforms. Elavon says this high-speed transaction network has the capacity to handle several million transactions annually.
Prepaid progresses in the Middle East
At VRL’s 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. The Middle East, and the Gulf Cooperation Council region in particular, has begun to embrace prepaid in a big way
Revel Systems and Geek Squad join forces to launch mobile PoS
Revel Systems, a provider of mobile PoS for the iPad and iPhone has announced plans to team up with Best Buy-owned tech support firm Geek Squad to roll out its product in the US.
Nigeria 2013: countdown to biometric ATMs and PoS
The Central Bank of Nigeria (CBN) has announced its intention to implement biometric identification technology at the POS terminals and ATMs by 2013. The CBNs Acting Director Gaius Emokpae unveiled the plans during a seminar organised by the Chartered Institute of Bankers of Nigeria. Emokpae said that the introduction of biometric driven payments is part of the governments ambitious Vision 20:2020 economic development programme.
DirectCash to acquire Australian ATM estate
Canadian ATM provider DirectCash Payments is set to acquire Australian Customers Limited for an estimated $179 million, the companies announced The deal has been approved by the DirectCash board and is expected to be closed by Q3