All articles by Verdict Staff
Verdict Staff
M&A: EMPH buys ACET Processing
Emerging Markets Payments Holdings (EMPH), a third-party payments processor and merchant acquirer in Africa and the Middle East, has acquired ACET Processing as part of its strategy to enter the South African market.
Profile: Optimal Payments
Formed in early 2011 following the acquisition of Optimal by Neovia Financial (previously Neteller), Optimal Payments has made a considerable impact in e-commerce and prepaid.
Isis signs up deal with JPMorgan Chase, Capital One, Barclaycard
The deal means that customers of those banks will be able to use their mobile handsets for payments from this summer on finally cementing the mobile wallet ambitions of Isis
iZettle expands in Norway, Finland, Denmark
The UK may be next in line, as iZettle has hired the former Barclaycard innovation chief officer Stewart Roberts to head iZettles operations in the UK.
Vodafone, Visa in global m-payment strategy
Vodafone and Visa have unveiled plans for a global partnership that will provide Vodafones 398-million client base with mobile wallet services. Starting in 2013, the new m-payment platform will provide the service in Germany, the Netherlands, Spain, Turkey, and the UK It is expected that some of the 30 countries where Vodafone has a presence would follow suit.
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GlobalCollect buys Sub1 for LatAm expansion
GlobalCollect, an e-payment service provider, has acquired Sub1, a Latin America-based payment processor as part of GlobalCollects expansion plans in the region. Sub1 is headquartered in Buenos Aires and holds a 70% market share in Argentinas payment processing market, but also has a distribution network in other Latin American countries.
Elavon launches a Chip & Pin device for smartphones
US Bancorps acquiring arm Elavon has rolled out MobileMerchant, a device that is able to transform mobiles into terminals MobileMerchant is currently running a number of pilots in the UK and full production availability is scheduled for March
Use it, then lose it
Emerging technologies like virtual card numbers and one-time passwords promise to alleviate the problem altogether, provided the consumer warms to them, writes Charles Davis Dissposable card numbers one-time card numbers that can be generated instantly for a single transaction are an increasingly popular and effective way for consumers to protect their accounts when shopping online
Disappointed, detached… debanked
The debanked US consumers who are turning their backs on the traditional banking system present significant opportunities for prepaid issuers and other alternative financial service providers, not to mention credit unions The Durbin Amendment to the Dodd Frank Act in the US was designed to clamp down on excessive interchange fees and save US merchants money
Visa and Samsung unveil Olympics’ contactless app
It is another 154 days to go until the Olympics, but Visa and Samsung are starting early: The two companies are launching a mobile payments application for the event Visa and Samsung are going to launch app at the Mobile World Congress, which will kick off in Barcelona, Spain on 27 February. In a joint statement, Visa and Samsung said the debut of this project is the first step of their partnership to bring mobile contactless payments to London as sponsors of the Olympics