All articles by Verdict Staff
Verdict Staff
Middle East, Poland: greatest appetite for contactless
Consumers in the Middle East and Poland show more enthusiasm for alternative payment methods, such as contactless and mobile-based solutions that in the branch-saturated countries of UK, Ireland, Germany and Austria.
FIS: 80 new prepaid card processing solutions in 2011
The banking and payment technology provider said that the new contracts were agreed worldwide and included clients that were just entering prepaid market. FIS said its prepaid card processing solutions covered all aspects, such as setting up accounts and managing them, producing the cards and offering personalisation; as well as inventory and distribution management, transaction processing, fraud detection and prevention, fund settlements.
Russian Standard Bank signs up Welcome Real-time for loyalty in Russia
Russias Standard Bank has signed up loyalty solutions provider Welcome Real-time to launch a rewards scheme.The banks RSB loyalty platform will be based on Welcome real-times XLS software and is targeted at its 23m card holders. According to Standard Bank, the loyalty solutions gives its acquiring partners to build individual promotions and offer particular card holder discounts, rewards points or coupons at the point of sale.
Amex, Bank of China release co-branded card
Amex cards and Bank of China have launched co-branded cards for the banks private clients.
Clever revenue recognition in online gaming
This change in payment behaviour across all boards of the value chains consumer, corporate, processor and the like has been a fast evolution
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Local legislation threatens prepaid in Germany
The German banking and payments landscape is often described as conservative: While its neighbours and the emerging markets in Europe are adopting new payment technologies fast and declaring war on cash, the German regulators resist new payment technologies and declare war on e-money When the second e-money directive (2EMD) was issued in April, the German Finance Ministry interpreted its requirements in its own way and introduced AML legislation that destroys any opportunities in general purpose reloadable prepaid products in Europes biggest economy.
Veritec signs deal with Lifestyle Wireless
Veritec, a developer of mobile banking debit card solutions, has signed an agreement with the mobile marketing agency Lifestyle Wireless to market debit cards.
UAE: MasterCard, Etisalat go live with NFC technology
MasterCard Worldwide has signed a strategic deal with UAE-based telecommunication provider Etisalat to launch contactless mobile payments in the UAE.
Credit unions use Durbin effects on banks to their advantage
Credit Unions seem to be taking advantage of the effect the Durbin Amendments have on banks debit card portfolio strategies, with a number of credit unions launching initiatives to attract more debit card customers. The latest
Xpress Money to increase transfer services in Philippines
Instant money transfer service provider Xpress Money has partnered with KwartaGram, a transfer provider in the Philippines, to expand their coverage in the area.