All articles by Verdict Staff

Japanese DBS Bank partners with JCBI

MasterCard develops real-time e-commerce fraud tool for US cards

The tool is called Expert Monitoring Fraud Scoring for Merchants and MasterCard said it improves merchants view of customer behaviour behaviour beyond a merchants website or a cardholders shopping cart. MasterCard said that, based on tests that it has run, merchants could cut down fraud losses by between 15-30%, simply by reviewing or automatically declining transactions deemed as high-risk by the using the new tool.

UAE: Ministry of Economy approves card surcharges for fuel

The UAE Ministry of Economy has approved surcharges on credit card payments at petrol stations. The decision comes five years after the Ministry had suspended credit card payments in 2007 due to high surcharge fees Last year, the Ministry approved the use of credit cards at petrol merchants again, but now, pressure from petrol merchants led the Ministry to allow surcharges on card payments for fuel.

Prepaid in an instant

Visa and Better ATM Services have joined forces in a pilot with three credit unions in the US state of Arizona to develop the first prepaid card dispensed through ATMs a thinner, transit card-like product that consumers can request in selected denominations at walk-up and drive-through ATMs.

Co-brand cards: In it together

Erik Howell and Maria Popova from First Annapolis Consulting consider the opportunities for airline and hotel co-brands, and profile the top 25 global players And Airline co-brands are particularly widely recognised by issuers as highly attractive products due to their attractiveness to lower-risk, higher-spend customers, the strength of frequent flyer programme marketing, and their widely understood value proposition.

NCR kicks off first virtual teller ATM deployment

Now NCR is going to commence the roll out of the virtual teller ATMs at other financial institutions throughout the US, Canada, Australia and other countries during the next three months, an official statement said.

Ingenico deploys POS in Croatian cabs

Ingenico has teamed up with software products and solutions provider Intenda Net to implement POS solutions in Croatian cabs Intenda Net has a Taxi business management solution called inTaxi, which was used to deploy the Ingenico iPA280 POS product The devices are deployed in cabs that are part of the local Oryx Grupa cab company and come with GPRS and GPS, as well as a thermal printer and touchscreen

Cardis’ low-value processing solution

As it goes live with its first fully-fledged programme a mobile payments application for Raiffeissen. Duygu Tavan asks whether the best solution to the low-value payments problem has yet to be found In 2010, Electronic Payments International reported that Canada’s domestic debit scheme Interac pulled the plug on its deal with low value payments processor Cardis

Germany to commence contactless prepaid card pilot

The German banking industry committee, Deutsche Kreditwirtschaft, is going to commence a contactless prepaid card pilot in the cities of Hannover, Braunschweig and Wolfsburg in mid-April. A spokesperson for the Committee told Cards International that more than 1.3m cards will be eligible for contactless payments of under 20 as of mid-April

Pakistan’s MCB launches Visa chip card

Pakistan-based MCB Bank has launched the first chip-based EMV debit card by Visa in the country. The bank said it aims to increase the use of cards at the point of sale and that customer card use at ATMs and POS were already worth PKR2bn and PKR100m respectively.