All articles by Verdict Staff
Verdict Staff
Union Bank of India launches e-commerce service
Our bank is one of the forerunners amongst the peer banks in the area of technology banking and the payment gateway business fits strategically to our overall value proposition to the target customers, said Lalit Sinha, general manager of Union Bank of India.
Amalgamated Bank of Chicago selects FIS’ fraud tools
Banking and payments technologies provider FIS has signed a deal to offer its card processing and fraud protection services to Amalgamated Bank of Chicago.
Olympics ticketing blunder hits hundreds
Nearly 700 people were charged twice while purchasing tickets for the London 2012 Olympics thanks to a processing error.
EFT Canada to acquire LTL credit card gateway
Financial processing company EFT Canada is set to acquire the credit card gateway of a privately held US consulting firm.
Fed forges the way ahead
The Feds latest meeting has resulted in an interim final rule on interchange fees in the US. Finding it impossible to please everyone, the result is a “lighter touch” rule. But it is not enough for the retail sector, writes Louise Naughton.
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HDFC launches limitless credit card for India
Indias leading private sector bank HDFC has announced the launch of an ultra-premium credit card targeting the upper class in the country.
Service opens foreign currency payment capability to colleges
A new service has been launched that enables students at a college in the US to transact in foreign currencies.
McDonalds Canada adopts contactless
McDonalds Canada has joined the growing list of companies adopting contactless payment technology in a bid to speed up transaction times. The fast food giant has installed Visa PayWave and MasterCard PayPass-enabled point-of-sale (POS) payment terminals at more than 1400 restaurant locations in Canada. We’re excited to be able to offer our customers the convenience, speed and security of contactless payments in our restaurants, said Jacques Mignault, chief operating officer, McDonald’s Restaurants of Canada Limited
Don’t fix what isn’t broken’ – MasterCard
Government intervention threatens the continued development of payments in the EU, according to MasterCard Europes president, Javier Perez.
eBay acquires Zong in $240m deal
eBay has signed a cash deal worth $240m to acquire mobile payments platform Zong to strengthen its wholly owned alternative payments service PayPals position in the m-payments game.Zong leverages connections with more than 250 mobile network operators around the world and offers localised payments capabilities through direct carrier billing for digital goods and services in 21 languages and 45 countries.