All articles by Verdict Staff
Verdict Staff
UK: contactless terminals adoption continues
Health and beauty chain store Superdrug and food retailer Waitrose have become the latest UK companies to implement contactless terminals. Visa Europe and Streamline has been commissioned to supply Superdrug with a contactless acceptance service, starting with 50 of its stores in London and Liverpool An expansion and eventual coverage of all Superdrug stores is in the pipeline for 2012.
AmEx licenses Serve m-payment platform to Chinese Lianlian
American Express (AmEx) is going to licence its mobile wallet platform Serve to China-based payments provider Lianlian Group.The Chinese merchant is looking to offer a digital wallet for mobile phone top ups initially, but said the service would eventually also include bill payments and purchases.AmEx has also invested in Lianlian, which has a distribution network spanning more than 300,000 small business agents that offer mobile top ups in China.AmEX said it would work closely with the Chinese group to bring the digital wallet to the market.Dan Schulman, group president, enterprise growth, American Express, said
Profile: TIO Networks
From its base in Vancouver, Canada, TIO Networks operates a network of 59,000 clerk-assisted terminals and self-service kiosks that enable consumers to use cash to pay bills and purchase other financial services at the point of sale
Pakistan: MCB, Euronet launch EMV card
MCB and Euronet Pakistan launched an EMV debit card. MCB and Euronet claimed that this was the first EMV debit card in Pakistan. The service and product meet global EMV standards in security and regulations, said MCB after a project test phase.
Card acquiring in Latin America: Competition starts to bite
In the year and a half since Brazils card acquiring market was liberalised, the prospect of competition has led the two incumbent acquirers to cut prices
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Country profile: Japan
The existence of ‘tied’ relationships between banks and corporates and also language barriers have meant that treasury management best practice, particularly with regard to regional outsourcing, has not been embraced as quickly as in other Asian markets
NCR unveils cloud-based POS software
NCR has developed a cloud-based POS software which it will market to its merchants using touchscreen POS and Apple mobile devices such as the iPhone, iPod Touch and iPad via the iTunes app store. The software platform combines the traditional POS with increasingly crucial customer management aspects: The merchant can access their data and configure their systems in the cloud and also track customer history and, accordingly, launch e-marketing campaigns to its customers. NCR said the software was “specifically for entrepreneurial brick and mortar retailers and product and service providers without a traditional storefront” and plans to distribute it in early spring.
Aconite partners Paymobile for EMV prepaid card issuance programme in Canada
Aconite has partnered with Canada-based Paymobile to provide what the companies said will be a complete outsource solution for EMV open loop prepaid issuance UK-based Aconite is a provider of software and consulting services for managing business applications on chips in smart cards and mobile phones Paymobiles prepaid programme is now integrated with Aconites smart card prepaid and application management platform which will allow customers to move to EMV prepaid card products with ease
The adoption of EMV technology
EMVCo has released its latest data on the adoption of chip-and-PIN technology worldwide and the numbers are great, indeed. More than 42% of cards and about 76% of all POS worldwide now support the EMV technology The total number of EMV cards totals 1.3bn, while the overall figure for POS devices across the globe amounts to 20 million.
Real-time payments: Let’s push things forward. faster
As of 1 January 2012, all payments made in the UK to an EU account must reach the recipient by the end of the next working day There is no industry standard yet -but now that the SEPA deadline has been set, the implementation process for other initiatives should also accelerate, finds Duygu Tavan