All articles by Verdict Staff
Verdict Staff
Wirecard buys prepaid card issuing business from Newcastle Building Society
UK-based Newcastle building Society (NBS) has exchanged contracts for the sale of its Pre Paid Cards business (PPC), to electronic payment solutions provider Wirecard Card Solutions. It paid 8.9m ($11.5m), with further earn-out payments estimated at 1.8m ($2.3m) for 2012 and up to 1.2m ($1.5m) for 2013 subject to achievement of financial targets
Vincento, ID Data partner for contactless payment watch
UK-based Vincento Payment Solutions has partnered with ID Data cards, a member of the TALL Group Companies, to support the launch of a new watch that can be used for contactless payments The companies said the Watch2pay gadget will be used to purchase items of up to £15 ($23) at 70,000 retail stores in the UK ID Data will supply a matched pair of cards, one containing an embedded chip in a pop-out, which will be fitted in each watch along with a fully functional Paypass companion card to meet the necessary payment regulations
Ixaris to demo and launch prepaid payment programme in 2012
Ixaris will demonstrate and launch a new latest payments software at FinovateEurope in February 2012. The e-payment solutions provider will unveil its new solution designed for enterprise merchants and financial services providers that require customised solutions based on prepaid payment programmes Ixaris said this will be the latest in a line of payment innovations for Ixaris open payment platform, Opn
2012 Outlook by Unicredit
Mobile banking will be a strong reality for payment operations as well as monitoring personal finances, customers will communicate more and more with their Bank through various ‘touchpoints’ and social sites will grow in terms of importance for Banks
2012 Outlook by Vindicia
Recent reports, including this one from TechCruch show that the virtual goods market, typically financed with these virtual currencies, is expected to reach nearly $3bn next year.The bigger opportunity, however, is with virtual currencies becoming a major part of the everyday online shopping experience, not just in one or two niche markets
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Mobile payments get going in LatAm
In January 2011, MasterCard and Spains Telefnica signed an agreement to offer mobile financial services to the 87m subscribers of Telefnicas Movistar mobile subsidiary in 12 Latin American countries
ValidSoft, FSTech: major security concerns over new payments technology
Over100 Chief Information Security Officers (CISOs) and heads of security were questioned on card-related fraud, reducing fraud, uptake of mobile wallet and the use of voice biometrics in mobile banking Of those surveyed 71% thought that UK consumers were not ready for the mobile wallet, even though it is widely believed that the mobile wallet market is expected to expand in 2012
Monitise partners FIS to develop mobile services
A joint statement said the partnership is to create innovative mobile money services for existing and new clients The deal is a licensing, development and services agreement aiming to allow FIS to use Monitises mobile banking and payments technology and helps deepen and strengthen the existing relationship between the two businesses
Heartland Payment Systems to settle credit card transactions for ConocoPhillips
Heartland Payment Systems has signed a five year contract with energy company ConocoPhillips Barclays Bank Delaware, the US operation of Barclaycard, will provide the bank sponsorship activities for the transactions under a new partnership with Heartland. Bob Carr, Heartlands CEO said: Were proud to continue and expand our 20-year relationship by delivering secure, PCI-compliant network transaction processing services to ConocoPhillips branded locations across the country.
MasterCard re-launches debit card portfolio
MasterCard is re-launching its debit card portfolio in the UK, offering banks premier debit products with the capacity to run sophisticated rewards and loyalty programmes. As well as standard MasterCard Debit and Maestro cards, MasterCard will also be offering Platinum and World Debit cards, which the network sees as a key differentiator in what it sees as an otherwise one-size fits all marketplace. MasterCard is launching the new suite of cards in the UK, a market in which the network currently has a very limited debit presence since 2009, when RBS and HSBC migrated their portfolios to Visa Debit.