All articles by Verdict Staff
Verdict Staff
Voice Recognition for bank balances to take off by 2014 in UK
The majority of Britons will use voice commands to check their bank balances and perform other basic banking tasks on their mobile phone by 2014, according to digital banking provider, Intelligent Environments The findings indicate that voice recognition app usage will take off in the next two years along with the rapid uptake of command services for everyday tasks such as banking 42.8% of all mobile phone sales in October 2011 were the iPhone 4S, which meant that voice intelligence went mainstream through the launch of Siri an application that uses a natural language user interface to answer questions
Chase Card Services signs Southwest Airlines for rewards scheme
Chase Card Services, a division of JPMorgan Chase have added Southwest Airlines as a point transfer partner for its Ultimate Rewards scheme. Ultimate Rewards, Chases proprietary rewards programme, allows card members to earn and redeem rewards without earnings caps, airfare blackout dates or points expiration Chase said in a statement that the service allows consumers the flexibility to transfer points for travel to 72 cities in 37 US States
Maas Global Solutions implements TSYS payment capture system
US-based transaction technology company, Maas Global Solutions (MGS), has integrated its Paymentsite Gateway with payment processor TSYSs in-house payment capture system Known as Summit, the service moves the payment acceptance logic from the point-of-sale (POS) device to the TSYS host Mas Global Solutions said in a statement, this aims to relieve the POS device from having to store sensitive data while significantly reducing compliance related terminal downloads
Central Bank of Nigeria moves forward with cashless scheme
The aim of the programme is to reduce the amount of cash used in transactions in Africas most populous nation Ingenicio, provider of payment solutions was chosen by CBN to implement the service with an aggressive rollout of POS terminals across the country
Japanese mobile operators create NFC consortium
The Japan NFC Mobile Consortium, established by NTT Docomo, KDDI and Softbank Mobile, aims tocoordinate the adoption of multiple international standards for NFC technologies in mobile devices and services. The consortium already offers customers the option of conducting mobile payments using the long-established (but non-NFC) Osaifu-Keitaimobile wallet, which is based on Sony’s contactless-IC smartcard FeliCa.
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VeriFone completes acquisition of Stockholm-based Point
VeriFone has completed the acquisition of Point, the Stockholm based provider of point of sales services for retailers A joint statement said that VeriFone intends to extend the Point platform throughout the region and beyond, with the aim of creating the worlds largest infrastructure for rapid deployment of alternative payments and NFC mobile commerce
Vipera provides new mobile technology for Qatari Ministry
Vipera, an international mobile commerce provider in the Middle East will supply new mobile technology for the Qatari Ministry of Interior (MoI). The Metrash 2 initiative will allow people in the region to pay for government service using debit and credit cards. The service developed by Vipera and offered through its local partner in Qatar, Mannai Corporation is also integrated with credit card processors.
Italy imposes MSC cap to tackle tax evasion
The Italian government is imposing a cap on merchant service charges in a bid to boost electronic payment volumes and crack-down on tax evasion The countrys treasury is placing a EUR1.50 cap on all retail transactions, and has banned merchant service charges altogether on petrol purchases of under EUR100. The move is part of a wider economic reforms agenda, and is designed to increase the volume of electronic payments at point of sale and reduce the amount of cash in system
Elavon service transforms mobile devices into payment terminals
Elavon, a global payments provider has introduced Elavon MobileMerchant, a payment solution transforming mobile devices into payment terminals Bancorp said the initiative will allow SMEs to accept payments quickly and securely anywhere and at anytime
Visa Europe release survey results of consumer contactless payments attitudes for 2012
Visa Europe has released the results of its second quarterly contactless barometer, which aims to chart consumers changing attitudes to contactless payments The findings showed that contactless owners value the convenience and ease of contactless payments, but suggest that the current relatively low acceptance levels in some markets is still preventing usage from becoming an everyday habit