All articles by Verdict Staff
Verdict Staff
UK credit unions launch major prepaid programme
Banking and payments technology provider FIS has agreed to provide its card processing services to support the launch of a prepaid card program.
Amex launches Facebook app
American Express is launching a new Facebook app ‘Link, Like, Love’ giving cardholders deals, access and experiences based on their interests, likes and social connections.
Contactless credit card launched in Austria
Raiffeisen Bank International (RBI) has joined forces with payment technology company SIX Card Solutions to launch the first contactless credit card in Austria.
York travel gets SMART
The City of York Council is to launch a new concessionary SMART travel scheme for disabled residents allowing users to pay for taxi fares with a smartcard.
Brazil’s retail bubble could burst
Sheena Rossiter looks at the credit card market in Brazil and find that while personal debts are rising, issuers are continuing to feed the market with new cards
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Money on the move
The money transfer market is readying itself for change as new players enter the market, and developments in technology influences consumer expectations. Alison Ebbage looks at where the banks fit in, and where their priorities need to lie going forward.
Isis partners card schemes on m-payments platform
Isis has partnered the four dominant US payment networks MasterCard, Visa, Discover and American Express cementing its strategy to create a flexible and open NFC m-payments platform. The newly-formed relationships will provide wide network acceptance services for Isis-enabled mobile phones and payment terminals gifting US consumers in the US the freedom to choose their mobile payment network provider.
Morpho signs deal with Carvajal Group
Security services provider Morpho is set to acquire banking card manufacturing and personalisation centres in Colombia and Peru. The deal with Carvajal Group, subject to regulatory approvals, is expected to close before the end of the year.
Grupo Marcatel strengthens prepaid presence
Mexican telecommunications company Grupo Marcatel has acquired a 50 percent share of a US prepaid company. Grupo Marcate completed the deal between Vivaro Corporation, its subsidiary in the US, and STX Communications -a New York-based prepaid phone cards distributor.
Chase announces Q2 2011 results
JP Morgan Chase has revealed improved net income results for the cards services division in its Q2 2011 report. Lower provision of credit losses, offset partially by lower net revenue resulted in net income of $911 million, an increase of $568 from the same point in 2010.