All articles by Verdict Staff
Verdict Staff
Brazil card acquiring – the latest: Unibanco buys all of Redecard
The increasingly competitive card acquiring market place in Brazil has led to the delisting of Redecard, one of the top two card acquirers in the country.Itau Unibanco, which already owns half of Redecard shares, is going to buy out the outstanding shares Redecard to make it a privately-owned company.
Itau Unibanco results: healthy card portfolio at end 2011
Itau Unibanco, which owns half of Redecard and has recently announced its intention to buy the outstanding shares of the card acquirer, has ended the year 2011 with a healthy cards portfolio.
Finovate: Who to look out for
Cards International attended Finovate Europe on 7 February and some noteworthy start-ups and other edgy companies paraded their solutions they believe will change the world cards and payments Cards International has already written about miiCard a few months ago, having identified it up as a start-up the industry should watch out for
Mobile remittance: The interoperability minefield
According to researchfrom Juniper Research, nearly $55 billion in international remittances will be enabled via mobile devices in 2016, up from less than $12 billion this year A recent EU Green Paper says the mobile the landscape is too fragmented
Gemalto: Al Rajhi Bank deploys EMV cards solution
Saudi Arabia-based Al Rajhi Bank has completed the main deployment phase of Gemaltos Dexxis Instant Issuance programme for immediate EMV card issuance Gemaltos Dexxis Instant Issuance solution is designed to manage the issuance process of cards in bank branches or POS terminals The bank said that with more than 500 branches across the region and over 15, 000 cards issued daily, this is one of the largest rollouts of any smart banking card instant issuance solution
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HSBC Merchant Services offers new online payment system
HSBC Merchant Services has launched a new online payment system which aims to give merchants greater flexibility. The UK-based payment processor said its Global Iris solution combines virtual payments with hosted and non-hosted payment pages, which merchants can select individually or as a suite The virtual terminal allows a merchant to process an online transaction without having to see the customers card
INSIDE Secure ship 20 million NFC chips and sign deal with major phone maker
INSIDE Secure said it has shipped 20 million NFC chips in the past 12 months with 10 million of those having been distributed in the past three months The semiconductor manufacturer also said that its chips will be used by a leading phone maker on a major mobile platform as it seeks to build interest in its renewed IPO As yet Inside has not named the telco that will be using their NFC chips, but has indicated that the company is planning to introduce an NFC-enabled smartphone by mid-2012, which will incorporate Insides MicroRead chip and software stack
Citibank become second foreign bank to issue credit cards in China
Citibank has become the second foreign bank to deploy credit cards in China, after it received approval from Chinas banking regulator The Bank of East Asia, based in Hong Kong is the only other non-China-based bank that offers non-cobranded credit cards Citi said it will be launching the cards for retail and commercial customers this year, but could not give a more specific time-frame
UK: credit card borrowing in decline – PwC report
The research points to the successive years spent by UK consumers paying off debits – since the financial crisis – as a major contributor to this decline. There is some optimism however, in that outstanding credit card debt fell by 5% in 2011, leaving the average credit card balance at around £1000 (1200).
PayPal partners MasterCard to launch prepaid card
PayPal has partnered with MasterCard to launch a new payment card that enables customers to spend and withdraw money from their PayPal account at POS terminals and ATMs The initiative means that a PayPal Access Prepaid MasterCard holder who receives a PayPal payment can spend or withdraw the money straight away with the card, without the need to transfer the funds to a bank account