All articles by Verdict Staff
Verdict Staff
US credit card delinquency rates falls
The US national credit card delinquency rate has decreased for the sixth consecutive quarter to 0.6%, the lowest mark observed for 17 years.
Capital One’s net charge off continue to fall
Capital One Financial Corp (COF) reported that net charge-off rate continued to decline throughout July while credit card delinquencies edged up.
Speculation grows around BofA UK cards sale
Bank of Americas Canadian portfolio sale to TD bank has led to mounting speculation over potential buyers for its UK & Ireland portfolio.
FNB notes South African e-payroll growth
First National Bank (FNB) announced that payments solution Pay Wallet has been used to transfer over R42m to more than 19,000 consumers since its launch in South Africa in July last year.
VIR and IMR teams up on CashBack Rewards
Online marketing solutions company Very Important Relationships (VIR) has chosen to collaborate with International Merchant Solutions (IMS) to offer clients virtual CashBack Rewards Malls.
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India to launch national prepaid remittance scheme
India Post, the countrys post office, is awaiting regulatory approval for a nationwide prepaid card-based remittance system. According to someone familiar with the plan, IndiaPost wants to offer MasterCard-branded prepaid cards to speed up its remittance services at more than 155,000 branches across India.
China UnionPay overtakes Visa
China Union Pay has usurped Visas top rank to become the worlds most prolific payment card scheme, according to a new research.
China UnionPay and HTC team up on m-payments
Taiwan-based HTC and China UnionPay have launched the first smartphone with built-in mobile payment capabilities which supports the card association’s m-payment standards.
SPVA selects lab partner to test security technologies
Not-for-profit organisation the Secure POS Vendor Alliance (SPVA) has announced a partnership with information security evaluation provider Witham Laboratories to provide the testing and developing of end-to-end encryption security technology.
An electronic age for Japan?
The decline of the traditional-yet-controversial consumer finance industry in Japan may provide an opportunity for mainstream financial services companies to access the consumer lending market, writes William Cain. Regulation of so-called money lenders has brought the industry to its knees, while credit card and mobile payments providers are growing quickly