All articles by Verdict Staff
Verdict Staff
Santander launches m-banking in UK
The Spanish-headquartered banking group said the mobile banking service is a feature of the existing online banking solution, allowing customers to also make credit card payments, move money between accounts while amending or cancelling any pending payments and transfer
HSBC: U-turn on Thai credit card loan growth ambitions
HSBC is said to make a U-turn on its credit card loan growth strategy in Thailand and sell its business to Bank of Ayudhya. A year ago, HSBC had confirmed to Thai media that it targeted an expansion of its credit cards and personal loans business, after the local government relaxed restrictive banking rules.
Celent: Mobile banking to become mainstream in 2012, corporate banking lagging
Mobile banking is set to become mainstream in 2012, with all but one of the top 12 banks offering mobile banking and those in the lower tiers desperately trying to catch up, says financial consultancy Celent
La Caixa roll-out contactless ATMs in Barcelona
The bank will issue 1 million cards to its customers, more than 15,000 new POS terminals and more than 500 ATMs with built-in contactless readers
TSYS partners Pivotal Payments for payment solutions
TSYS has partnered with Pivotal Payments to serve as provider of authorisation, settlement and dispute resolution services for the US-based supplier of merchant services Pivotal Payments provides merchants with services such as credit and debit card processing, electronic check conversion and loyalty and gift card programmes A joint statement said that Pivotal Payments will leverage TSYS payment solutions to enable the capture of additional market share
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Experian, AmEx: FX processing deal
Experian has signed up American Express (AmEx) to process foreign exchange payments in the UK to cut down on the costs incurred by businesses of processing overseas payments.
US Merchant Acquiring: Gearing up for Change
The complex and competitive US merchant acquiring sector is looking ahead to a disruptive year as the retail sector begins to embrace alternative payments technologies, and major regulatory changes force issuers to reassess their own business models
Russia’s VTB consolidates ATM network fees in 7 countries
Russias VTB Bank has consolidated its ATM network fees, so that all transactions on its cash machines will count as home fees. The consolidation compromises the 6,000-unit strong ATM distribution network of its subsidiaries in Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Ukraine. In Russia, the ATMs of JSC TransCreditBank and JSC Bank of Moscow are excluded from the new home network in the CIS and Georgia
Visa issues prepaid cards on ATMs
Visa has joined forced with Arizona-based ATM technology provider Better ATM Services to issue gift and other prepaid cards via the machines. The ATM screens of three participating credit unions in Arizona now feature the Purchase Visa Gift Card option
Market fragmentation cause problems for eSEPA
The European Commission is calling stakeholders from the card, internet and mobile payments industries to consult on issues within the European payments market. Duygu Tavan reports.The European Commission (EC) has published its first consultation paper, Towards an Integrated European Market for Card, Internet and Mobile Payments, to initiate debate among the various industries within payments on the best approaches towards the vision of a single European market.In the paper, the EC highlights the issues of the payments market as: