All articles by Verdict Staff
Verdict Staff
Analysis: Online payment hubs
Electronic payments are moving cross-channel at the speed of light these days, intensifying the race to streamline the adoption of mobile and other automated point-of-sale and real-time payments The holy grail of automated payments is emerging in the form of global payment hubs platforms that process all payments, regardless of channel, currency or destination
US Bancorp new PayPal card issuer
The card works worldwide at all MasterCard accepting point of sales, ATMs and online and offers a 1% cashback reward if the card holder enrols on to the PayPal Preferred Rewards Programme.
Ups and downs – UK card fraud figures
Fraud losses on UK credit and debit cards have hit a ten-year low, according to data published by Financial Fraud Action UK But this welcome trend is frustrated by the fact that cheque fraud has soared
Corporate FX: East meets West
The use of Renminbi for trades and payments is growing fast, but there are major barriers to growth Now SWIFT has published a best practise guide to help spur the internationalisation of the renminbi
DataCash launches white label payments gateway
MasterCard’s payments gateway subsidiary DataCash has rolled out a white label payment solution for banks and processors that enables payment, fraud and risk management. According to Ajay Bhalla, president of DataCash, the launch of the solution is a great step towards growing DataCash’s distribution network under the MasterCard company name.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Discover to issue cards in Ecuador
For the first time since its launched its business, Discover Financial Services is going to issue cards outside of the US. Discover has made an exclusive deal with Diners Club Ecuador to issue and process cards in the Latin American country
Moneycorp and Link sign ATM deal
Link has announced that the foreign currency service provider Moneycorp will be part of its ATM network Link’s CEO John Howells said that its customer will further benefit from the alliance with Monecorp and its multicurrency ATMs.Head of automated cash solutions at Moneycorp, Alan Chambers, said: Making currency accessible to our customers is key and were excited to be launching our new sterling and currency dispensing ATMs this year.He added:
FICO: Average card sales at 2yr high in UK
The latest data by FICO Benchmark Reporting Service shows that average sales per card have risen to a two-year high and now stands at over £600 Average sales per card has risen 14% since hitting a two-year low last March, and while we would expect December to be higher it was also up slightly over December 2010 Thats good news for retailers and for card issuers, says Mike Gordon, FICO vice president and managing director for Europe, the Middle East and Africa.
Green Dot buys Loopt
Green Dot Corporation has entered into a definitive agreement with social network mapping app Loopt to acquire it as part of Green Dot’s expansion plans into mobile technology. Green Dot said these patents will be important strategic assets as it pursues its mobile business opportunities and is planning on spending $43.4m for the acquisition.
AmEx uses Twitter for rewards promo
American Express (AmEx) is utilising the social media impact on marketing success and has teamed up with Twitter to offer US cardholders discounts through their tweets Once Amex cardholders have synced their cards with their Twitter accounts on sync.americanexpress.comtwitter, they can earn rewards by tweeting special offer hashtags from participating retailers, including Best Buy, Dell, H&M, McDonald’s, TicketMaster or Virgin America.