All articles by Verdict Staff
Verdict Staff
Ingenico teams up with SilverPay for payments solutions in cabs
Ingenico is going to extend its payment solutions distribution network to UK cab fleets through a partnership with SilverPay, a company that specialises in payment card solutions to cabs and other private transport operators. Ingenico is going to supply its EFT930G payments solution, which supports GPRS technology, and its iCT220 product, which is what Ingenico calls a new generation countertop chip and PIN device that enables transactions to be made fast.
AmEX, Morgan Stanley issue co-brand cards
American Express and Morgan Stanley are going to issue two new co-branded cards for the banks affluent customer base. The Morgan Stanley Credit Card and the Platinum Card will be issued to clients of its Smith Barney division and offer brokerage accounts and rewards. On the Morgan Stanley Credit Cards, clients can earn 10,000 membership reward points if they spend $1,000 in the first three months after opening their account
Qatar National Bank, Qtel commence NFC m-payments
Qatar National Bank (QNB) and telco Qtel are going to launch an NFC payments service in Qatar based on MasterCard’s PayPass and Oberthur Technologies’ payments application. The service will be available as either a SIM card with NFC capability, or a PayPass sticker that can be attached to the mobile phone. Users of the service will be able to spend up to QR100 ($27.50) per day and will be linked to a MasterCard credit card account.
JPMorgan partners with AirPlus Int for corporate travel expense solutions
JPMorgan has gone into a strategic partnership with AirPlus International to offer corporate travel expense management to organisations. AirPlus International specialises in corporate travel and entertainment expense solutions and its corporate travel payment solution will be integrated into JPMorgan’s corporate banking services. Andrew Pilkington, president, global commercial card at JPMorgan, said that the partnership will result ina compelling alternative to traditional corporate card programmes.
Russian credit risk at 3-yr low
Credit card risk in Russia is at its lowest point in three years, according to FICO and Russia’s National Bureau of Credit Histories (NBKI). The FICO Credit Health Index for Russia from January shows the highest mark since the index was established in October 2008, revealing a sharp and sustained decrease in credit risk since 2009, FICO said in an official announcement. FICO establishes the credit risk of a country by calculating the percentage of consumer loans and credit cards that are reported to the NBKI and have been delinquent for more than 60 days.
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Scotiabank reaps rewards in the Caribbean
Scotiabank has brought the expertise it developed in its Canadian cards operation to its Caribbean subsidiaries Scotiabank has been in the Caribbean for 120 years, and has retail banking operations in 23 countries, including Haiti, Puerto Rico and the Dominican Republic
VRL Micropayments Report
Micropayments is one of the most exciting topic in payments right now. As eCommerce continues to grow and the pressure to monetise digital content increases, the big question is: How do you make big bucks out of cents? Duygu Tavan reports.The sale of digital content movies, games, apps presents clear opportunities for online payments processors, but margins are tight and need to be carefully calculated. A number of solutions have been or are being developed to enable online retailers to sell digital content efficiently. Currently, the prevailing models are subscription (services such as NetFlix, enabling users to watch movies online for a per-month fee), or aggregation (such as Apples iTunesApp Store).But these models leave a gap in the market for services that can enable digital merchants to sell their content on a pay-as-you-go model that is efficient for the merchant and convenient for the consumer. VRL Financial News is publishing an in-depth report on this micropayments opportunity, taking an in-depth look at:
First Data becomes GlobalPlatform member
Christopher Cox, vice president of First Data Mobile Solutions said that GlobalPlatform membership would allow them to contribute to the development of industry leading specifications related to secure chip technology to ensure security and interoperability of applications.
Visa Europe snaps up stake in Mobile Money Network
Visa Europe and Mobile Money Network have gone into an agreement under which Visa will take 15% stake in MMN The move is part of Visa Europes strategy to implement m-commerce initiatives and empower its services through mobile payments. Visa cardholders will benefit from Simply Tap, MMNs instant mobile checkout app that targets mobile shopping within the mass market.
Isis signs up VeriFone, Ingenico, ViVOtech, Equinox Payments
After announcing deals with major financial institutions, Isis has now confirmed the technology providers behind its wallet. VeriFone, Ingenico, ViVOtech and Equinox Payments are lined up to integrate and support the Isis Mobile Commer App. The announcement is an important step in enabling NFC technology adoption throughout the mobile commerce industry, said Scott Mulloy, chief technology officer, Isis