All articles by Verdict Staff
Verdict Staff
US Medicare is facing its “identity crisis”
Smart healthcare cards on the rise in the US as Medicare, the government health insurance scheme attempts to tackle a $60 billion a year fraud problem
HSBC Merchant Services to give merchants more transparency on interchange
HSBC Merchant Services has told Cards International that it has added a new feature on its merchant billing service With the new service, HSBC Merchant Services provides its merchants with a list of 150-odd possible charges that they incur for accepting various cards and card schemes. It is a reaction to EU legislation surrounding transparency in interchange fees, Chris Davies, HSBC Merchant Services managing director told Cards International.
AmEx Q3 net income up 13% Y-o-Y
American Express (AmEx) has reported a net income of $1.23bn in the third quarter of fiscal 2011, 13% higher than the year-ago quarter. For the nine months to the end of September, net income amounted to $3.74bn, a 25% increase from the corresponding period a year ago. Net income from US Card Services in the third quarter rose 23% over the year-ago period to $733m, while third quarter net income from its International Card Services division soared by 53% to $221m.
GlobalPlatform launches admin protocol for remote management on mobiles
GlobalPlatform has launched published a single, standardised administration protocol for mobile service providers to develop and deploy remote management platforms. This protocol, titled GlobalPlatform Device: Secure Element Remote Application Management v1.0, helps users manage apps via secure elements on mobile phones.
Western Union, Forex bank provide money transfer services
Western Union, a global payment services provider, has teamed up with FOREX Bank to provide Europes Nordic region with money transfer services.
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JCBI and GBIC release co-branded card
JCB International (JCBI), the Japan based credit card issuer, has teamed up with German Banking Industry Committee (GBIC) on a co-branded card in Germany.
American banks face antitrust investigation
The Bank of America (BofA) may face an antitrust investigation following the introduction of monthly debit card usage fees. The investigation has been called for by five US House Democrats who claim BofA and other large American banks, including Wells Fargo, may have worked together improperly to charge their customers monthly fees for using their debit cards.
US Bank launches mobile credit app
US Bank has launched a mobile app that allows users to apply for and receive on-the-spot credit for in-store purchases.
Moneris launches smartphone payment app
Canadas largest credit and debit card processor, Moneris, has launched a new app allowing merchants to accept credit card payments via their smartphones.
PULSE and Net signs POS and ATM deal
Debit and ATM network PULSE has signed a long-term acceptance agreement with NETs (NetWorks).