All articles by Verdict Staff
Verdict Staff
Cash still preferred over m-payments
Over three quarters of UK consumers are satisfied with the way they pay today and as such as have no interest in m-payments.YouGov research shows a further 50% of consumers in the UK are put off by m-payments technology due to security fears.
Prepaid sector driven by personal appeal
Prepaid can flourish when marketed as a solution to a particular emotional need among specific consumer groups rather than a general payment tool, MasterCard research has revealed. The research carried out among 4,000 prepaid cardholders across UK, France, Germany, Poland and Italy shows that consumers value prepaid benefits that fulfil an emotional requirement such as convenience, security or reliability.
Mobile operators JV to push mobile marketing
Mobile operators have announced plans to create a standalone m-commerce joint venture (JV) that will enable rapid development and delivery of new mobile marketing and payment services in the UK.The UK initiative will bring together Everything Everywhere, Telefnica UK and Vodafone UK.
Unbundling gathers pace in Europe
One of the key parts of implementing the Single Euro Payments Area (SEPA) – unbundling – is being implemented as the European guidelines intended, although some of the consequences may be different from what was first envisioned, writes Jane Cooper
Creditel optimistic after acquisition
Uruguays credit card company Creditel will double its number of cards in circulation by 2013 thanks to its purchase by Spains Banco Santander. According to business news agency BNamericas, Creditels company director Carlos Crosta also expects the acquisition to increase Creditels assets by 50% annually over the next few years.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
South Korea pushes m-payments acceptance
South Korea will install or upgrade 300,000 m-payment checkouts at retailers and transport services during 2011 in its latest push to increase using of the technology. The Asia-Pacific countrys communications commission told Reuters will require mobile phone vendors to equip all smartphones with NFC technology According to the same source, mobile operators and credit card firms have agreed to install or upgrade checkouts with NFC processing technology in retailers, fast food outlets, coffee chains and petrol stations
Verizon forms partnership with Payfone
As the US telco JV Isis scales back its m-payments ambitions, Verizon Wireless looks to m-payment processing service Payfone to ensure it stays ahead in the m-payments game.The newly formed partnership will allow Verizon Wireless customers to make online purchases via their smartphones, tablets and PCs using a variety of payment methods including, charging purchases to their monthly wireless statements and other unspecified traditional methods via financial institution partners.
FICO clamps down on credit card fraud
Data analytics and decision management technology provider FICO aims to wipe out 30% of credit card fraud in Germany through recent contract signings of its Falcon Fraud Manager solution.As of autumn 2011, FICO expects to safeguard 8.8m German payment cards against attempted fraud. This figure is predicted to rise further to 9.7m cards during spring 2012 when the benefits FICOs fraud prevention and detection are realised.
Music fans give thumbs up to contactless
Festival-goers put MasterCard prepaid contactless-enabled wristbands to the test during the UKs 2011 Isle of Wight Festival and a resounding 100% said they would use the technology at future events. The vast majority of those using the PayPass prepaid wristbands to pay for food and drinks said they were quicker (96%) and easier to use (98%) than credit or debit cards.
US Bank goes for maximum Flex
US Bank has become the first US issuer to launch a dual interface credit card that combines, contactless, an EMV chip and magnetic stripe.