All articles by Verdict Staff
Verdict Staff
Citibank India: renewed focus on credit cards
Going forward, we expect a growth of 20-25% in credit cards in new client acquisition said Anand Selva, Citibank India’s country business manager in local media.
Paythru achieves Level 1 PCI DSS 2.0
m-payments platform provider Paythru has achieved Level 1 PCI DSS 2.0, a required and necessary industry standard for payments security. Paythrus co-founder Russel Sheffield, told Cards International that m-payments are already secure, but that Paythru can now claim that its m-payment application is as secure as a banking payments.
Emirates NBD Group, Dubai Bank, Emirates Islamic Bank integrate ATMs
Emirates NBD, Dubai Bank and Emirates Islamic Bank have integrated their ATM network, resulting in a total network of 800 ATMs Customers of the three banks will be now able to withdraw cash free of charge from each other ATMs, group CEO at Emirates NBD Rick Pudner told local media
Axis Bank deploys FICO for credit card portfolio management
Indias Axis Bank is going to deploy FICOs Blaze Advisor to manage its credit card portfolio and handle processing of all retail loans. Axis Banks head of consumer lending Jairam Sridharan said that FICO Blaze Advisor would make the bank more responsive to market changes while making more consistent decisions.
Country Survey: Colombia
Yet the countrys strong economic performance offers the prospect of growth in credit cards, Robin Arnfield reports. Colombia had a population of 45.8m in 2010, of whom 45.5% were living below the poverty line in 2009, according to the CIA World Fact Book
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Italy goes ahead with petrol merchant fee cap
Italys government has gone ahead with a zero service charge cap for acquirers of petrol merchants weeks after saying the merchant acquiring industry in Italy would have to define its own level of fees. The government had announced it would impose a cap on merchant service charges on petrol purchases below 100. But after fierce criticism, the Monti government had backed down and demanded that by 1 June 2012, the Italian Banking Association, payment schemes, Poste Italian, the ATM Consortium and the companies that handle payment circuits, define lower merchant service charges themselves.
Barclaycard snaps up contactless POS deal with major UK venue group
The acquiring arm of the British lender has signed a five-year deal with NEC Group, making Barclaycard the official payment partner of The Ticket Factory, the LG Arena, the National Exhibition Centre (NEC) and National Indoor Arena (NIA) After a refurbishment phase set to finish by 2014, the NIA, which is the city centre venue of the UKs second largest city Birmingham, will be called NIA, A Barclaycard Unwind Experience.
RMB clearing and settlement in London
Back in 2004, the Chinese government commenced a gradual liberalisation of the currency and since then, total Chinese trade settled in renminbi (RMB) has increased from 0.7% in the first half of 2010 to over 9% in the first half of 2011.
Orange, Visa: allies in Africa, Middle East
Orange Money and Visa prepaid accounts will be interconnected in Africa and the Middle East, the two companies said at the Mobile World Congress in Barcelona. France Telecom-Orange and Visa announced that they will be joining forces to offer payment capability to unbanked and underbanked consumers
US: a switch on-off contactless card
Researchers from Swanson School of Engineering at Pittsburgh University have created a new method to turn the contactless capability of cards on and off. The aim is to counteract the virtual pick pocketing that involves the use of contactless technology. The main risk in NFC payments lies in the fact that the price of portable NFC readers has decreased tono more than several hundred dollars, Marlin Mickle, professor of engineering at Swanson School argued.