All articles by Verdict Staff
Verdict Staff
MasterCard announces Q1 2011 results
MasterCard Incorporated has reported an increase of 23.6% year-on-year in its net income, reaching in $562m in the networks Q1 2011 results.Net revenue grew 14.8% during the same period to $1.5bn. MasterCard claims foreign currency fluctuations had essentially no impact and instead growth was driven by the impact of a 12.8% increase in gross dollar volume on a local currency basis to $728bn, an 18.5% increase in cross-border payment volumes and pricing changes of around 5%.
Generation Y prepared to pay for m-banking
Three-quarters of Generation Y UK consumers are willing to pay for mobile banking services, according to a study by consultancy firm Simon-Kucher & Partners.The 18-26 year-old segment, which makes up 12% of the UK population, considers a monthly fee of £5.00 a fair price to pay for mobile banking services. The report claims that this shows an untapped revenue opportunity that banks can capitalise on.
United front needed to fight cybercrime
A slew of recent reports and surveys emphasise the growing problem of online fraud. Statistics suggest anti-fraud measures are starting to work, but are banks and payment schemes doing an adequate amount, and acting fast enough? Louise Naughton reports
MasterCard launches prepaid first in Brazil
MasterCard has joined forces with Brazilian bank Banco PanAmericano and payment solutions provider Rev Worldwide to launch the countrys first general purpose reloadable prepaid card the PanAmericano MasterCard Prepaid Card.The product is said to offer an affordable cash alternative to Brazils estimated 75m unbanked population as there is no proof of income or credit check required.
A lot of growing up to do
E-commerce daily discount deal website Groupon has been dubbed the fast-growing company ever by Forbes, but its self-styled unconventional image has caused problems over the past 12 months, as the Chicago firm went from cool start-up to global corporation. Louise Naughton reports.
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TSYS grows merchant acquiring business
Payment processor TSYS has acquired Atlanta-based TermNet Merchant Services in a bid to strengthen its merchant acquiring businesses.The company will be rebranded as TSYS and become fully integrated into TSYS Merchant Solutions another of its acquisitions based in Omaha, Nebraska.
Competing business models
The role of the programme manager is evolving as fast as the prepaid industry itself. Jane Cooper looks at this bustling market and finds out what programme managers need to do to stand out from the crowd, and where they can really add value.
SunTrust launches prepaid student card
US financial services holding company SunTrust together with Mastercard has developed SunTrust Campus Card – a reloadable prepaid card that integrates with a students identification (ID) card.Universities and colleges across the US will be free to offer the product to their students for everyday expenses both on and off campus.
Opportunity knocking across Europe
Matthew Lanford looks at some recent research and considers how the many opportunities for developing prepaid products in Europe can be harnessed. Once consumers are convinced of the prepaid benefits, survey findings show they become, not just repeat users, but advocates of the product.
Debit domination
The Federal Reserves 2010 Payments Study shows that non-cash payments have fared well over the past few years. This growth, writes Louise Naughton, is likely to have been driven by move towards close cash substitutes.