All articles by Verdict Staff
Verdict Staff
PayByPhone adds NFC to mobile payments for San Francisco parking
The San Francisco Municipal Trtansportation Agency (SFMTA), which selected the PayByPhone mobile payment system for parking, is currently adding NFC-enabled stickers to the citys 30,800 parking spaces. This scheme will give drivers the option to pay for parking with NFC-enabled mobile phones in addition to mobile apps and mobile web for regular phones
Review of 2011
In the US, the Durbin Amendment and the amendment to the CARD Act of 2009 caused a whirlwind, while in Asia, South Koreas Financial Supervisory Authority had to step in to curb excessive credit card lending by the banks
Looking back at 2011: Prepaid
Legislative problems aside, prepaid still offers great opportunity to issuers provided the value proposition is right. So it is little wonder that the impact of Germanys home-grown anti-money laundering regulation was the biggest news in the prepaid market this year
India: 10 Million Gemalto smart card users
Gemalto has 10m Financial Inclusion Network & Operations (FINO) customers in India using micro-banking applications on its smart cards, the digital security company said
Consumers consider mobile payments safer than credit cards
Four in five consumers would spend more online if they were offered an easier and more secure way to pay, research by Javelin has found. The study conducted by Javelin Strategy & Research and PaymentOne also found that by a margin of 4 to 1, consumers believe direct carrier-billed mobile payments are more secure than using credit and debit cards for online digital purchases
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Looking back at 2011: e-commerce
For much of the world, Christmas is the time of year the e-commerce sector receives the gift of significant sales uplift
Looking back at 2011: Contactless payments
2011 was the year of the birth of the m-wallet, which in many instances supports NFC technology
Looking back at 2011: Mergers, acquisitions and partnerships
After a period in the doldrums 2011 saw some uplift in the cards M&A market, and a significant number of deals, partnerships and JVs to deliver new and alternative payments technologies. In the US, the credit card M&A market began to pick up in 2011, fuelled by a number of smaller deals between mid-sized players – including some who are re-entering the card issuance business after years away There were the high profile deals by Capital One (paid $30bn for HSBCs US card portfolio) and Bank of Americas (Bofa) sale of its US$6.8bn Canadian credit card business to Toronto-Dominion Bank
Quick Country Survey: Peru
The country shows declining poverty levels and a solid GDP growth and, according to the senior vice-president at US consultancy Speer & Associates, John Hiers, it wasnt hit by the 2008-2009 financial crisis as much as other Latin American countries were. Whats more, industry figures indicate that the newly-elected president Ollanta Humala will keep focusing on greater social inclusion and faster poverty reduction while staying mindful of the success of the current financial framework and regulatory environments.
Looking back at 2011: Regulation
By a long chalk, the most talked about regulatory initiative in the cards markets this was the Durbin Amendment. And when the Durbin Amendment was finally passed at the beginning of October, those threats became reality, with some of the biggest banks in America, including Wells Fargo and Bank of America (BofA) announced they would begin charging consumers for debit card usage