All articles by Verdict Staff
Verdict Staff
Call for contactless clarity
Contactless and mobile payments technology promised to change the way we pay, but a lack of point of sale terminals, low retailer acceptance levels and the thorny issue of transaction fees means the tipping point for adoption seems a very long way away. Louise Naughton investigates.
Banks focus on electronic remittances
Remittances to and from Latin America is a strong market with established players. But, writes Robin Arnfield, opportunities are there for banks due to the growing numbers of Latin American residents that have US bank accounts coupled with moves being made by the Fed to widen the payments corridor.
Costas and opportunities
The economies of Spain and Portugal represent a huge payments opportunity which has so far managed to continue to shine despite the significant economic restructuring that is taking place in both countries, writes William Cain.
Buying into BACS
Direct Debit Ltd has enjoyed high growth levels since the introduction of its Paycentre product but is poised to undergo a dramatic shake-up as it has recently been acquired by a rival company. Alison Ebbage investigates what made it so attractive for takeover.
Google MasterCard and Citi to be develop m-payments app
The Wall Street Journal has reported that Google is to work with MasterCard, and Citigroup on an NFC payments application for Android smartphones.
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American Express launches e-wallet
American Express (Amex) has launched a new payments platform that will users to make payments and cash transfers online and via mobile phones.
LatAm virtual goods market to double by 2012
Latin Americas virtual goods market is set to increase by more than 50% to $517m by 2012, according to research by online monetisation platform PlaySpan.The overall virtual goods market in Latin America currently stands at $336m. Brazil is the fastest-growing market for online entertainment in the region, accounting for 49 percent of the total market value or $165m. The Colombian market makes up $44m with Mexico just behind at $42m. Argentina stands at $19m and Peru brings up the rear of the top five with $15m.
McDonalds LatAm set to deploy VeriFone’s PAYware
E-payments solutions provider VeriFone will supply its PAYware merchant card payment and settlement hosted service to Latin American restaurant operator Arcos Dorados manager of the McDonalds brand in the region.PAYware Merchant will be initially be integrated with a proprietary POS system in 220 McDonalds restaurants in Argentina and Uruguay.
Power in your pocket
As virtual wallets near the tipping point of widespread consumer acceptance, mobile loyalty is quickly becoming a must-have app for mobile banking offerings. In a sign of things to come, a flurry of new launches in the virtual wallet market provide businesses with a new way to deliver incentives for mobile customers, writes Charles Davis
Fed passes amendment to CARD Act
The Federal Reserves proposed amendment to Regulation Z of the Credit Card Accountability Responsibility and Disclosure Act of 2009 may have drawn many critics but it wasn’t enough as the controversial rule has been passed.The Fed claims the changes have been made to enhance protections for consumers that use credit cards and resolve areas of uncertainty so that card issuers “fully understand their compliance obligations”.