All articles by Verdict Staff
Verdict Staff
ADCB to grow UAE cards business further with Lloyds TSB ME acquisition?
If reports in Reuters are anything to go by, it would mean the end of Lloydss 34-year presence in the region and another triumph for local lender ADCB in its expansion strategy.
Predictions for 2012 by Sanjay Sarathy, Vindicia
In recent years, virtual currencies and the purchases they enable have become hot commodities in the high-growth gaming market. Recent reports show that the virtual goods market, typically financed with these virtual currencies, is expected to reach nearly $3bn next year.
Visa certifies smartphones for contactless payments
Visa Europe has certified NFC-enabled smartphones from Samsung, LG and Research In Motion for use with the Visa payWave contactless POS application Visa Europe said that all new devices certified by Visa host the payWave application on a secure SIM card and feature NFC technology This is an important step for Visa, its financial institution partners and the mobile industry, said Bill Gajda, global head of mobile product, Visa Inc
Predictions for 2012 by Pat Carroll, ValidSoft
Following a flurry of developments in mobile payments, NFC and mobile banking in 2011, 2012 is set to be a big year for mobile banking and payments The Payments Council is currently working on a project to develop a common central platform for bank-to-bank payments over the mobile phone
RushCard offer new faster money service
RushCard is to launch a new feature that would enable its cardholders to get access to their money faster The prepaid provider said that members who have their paychecks and other payments directly deposited on their RushCard may be able to receive their funds up to two days early Rusell Simmons, founder of RushCard said: In an effort to keep our customers out of pay day loans and other high priced lending products, were enabling many of our customers to access their direct deposit up to two days early.
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Predictions for 2012 by Phil Curtis, First Data Merchant Solutions
Small and micro merchants in particular are likely to benefit, as they will no longer need to rely on cash and cheque payments from their customers
PayPal sign US retailer to pilot m- payment payments trial
PayPal has signed US-based retailer Home Depot to trial its payment service that allows customers to complete their purchases via PayPal mobile payments The service will allow shoppers to use PayPal by typing in their phone number, as well as personal identification number into a payment terminal PayPal said that a small number of PayPal employees are already testing the Home Depot payment system at five stores
New Year, New Conferences
We are now less than two weeks into the new year and already conferences are lined up to discuss the latest, the challenges and the opportunities in the cards and e-payments space for the year ahead and beyond. VRL’s conferences include:
First Data and Raiffeisen Bank expand collaboration in Poland
The electronic commerce and payment processor will provide the Polish bank with card payment processing services to support the bank with implementation of a new contactless card programme
Mobile Coupon redemption rate to increase – Juniper Research
The global redemption rate of mobile coupons is set to average at over 8% by 2016, according to a report from Juniper Research The Juniper Research report findings suggest there will be over 600m regular mobile coupon users worldwide by 2016. This comes as North American and Western European markets continually follow the same growth path as the Far East and China