All articles by Verdict Staff
Verdict Staff
Push and pull
With banks under pressure to supply credit, but the regulatory environment becoming more restrictive the likelihood of a credit gap opening up is increasing. Louise Naughton looks at a new report that explores the banking industrys perspective on this possibility and its consequences.
Country Survey: Morocco
The impact on Morocco of the wave of political unrest across North Africa and the Middle East remains uncertain. What is clear, however, is that the country has many of the ingredients for a thriving payments industry. But, asks William Cain, can Morocco now deliver on its rich potential?
Banorte primed for credit card take-off
Banorte lags behind Mexicos biggest banks Banamex and BBVA Bancomer in terms of credit card market share. But an imminent merger with smaller Mexican bank IXE may significantly boost Banortes credit card business. Robin Arnfield reports.
Fiserv acquires M-Com
Financial services technology solutions provider Fiserv has acquired m-payments provider M-Com to enhance its mobile channel capabilities.The two companies are no stranger to each other, having been in partnership since 2008 where they have been jointly working on developing and delivering Mobile Money from Fiserv to various financial institutions.
Sutherland-Tyfone partner on NFC
Business processing outsourcing company Sutherland Global Services has announced a partnership with mobile payments provider Tyfone to develop NFC payments solutions for financial institutions.The Sutherland-Tyfone partnership intends to offer banks the ability to provide any banking product to any mobile phone on any operating system over any network.
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Staying ahead of the field
Mobile communications are driving the payments industry towards near-field communication. But is the industry ready? Louise Naughton looks at the energy being put into bringing NFC payments technology to market, but wonders if enough consideration is being given to getting merchant acceptance off the ground.
Logica warns of dotcom-style bubble in m-payments
Business services consultancy Logica has warned that mobile technology companies rushing to market with poorly thought-out m-payments products could get caught in dotcom-style bubble.
Cash to ‘disappear’ in Norway
Consumers in Norway are being touted as the pioneers of the cashless society as a study by market research company Synovate reveals a third of Norwegians expect to see electronic payments replace cash. The research, carried out on behalf of Nordic IT company EDB ErgoGroup, found that 34% of respondents answered yes to the question Do you expect to see notes and coins disappear as a means of payment? 45% also said they carry little to no cash, with 11% carrying no cash at all.
NCR unveils new “bank-grade” off-site ATM
ATM manufacturer NCR Corporation has launched a new, compact ATM that the company claims has all the power and reliability of a bank-grade machine but can be installed off-site.
Paydiant secures $7.6m investment
There is no mistaking where the money is going in the payments industry as another m-payments start-up company announces it has closed a $7.6m investment deal.This time, it is the turn of Boston-based Paydiant that has secured funding from investment firms North Bridge Venture Partners and General Catalyst Partners. It is claimed the money will be used to accelerate product development, sales and marketing for the company, which plans to formally launch later this year.