All articles by Verdict Staff
Verdict Staff
UK consumers continue to shun credit – PwC
It looks to be a difficult year ahead for credit cards in the UK as accountancy firm, PricewaterhouseCoopers (PwC) reveals consumer confidence remains weak in its annual report on the consumer credit industry.Figures from the Precious Plastic 2011 report shows unsecured borrowing fell by over £500 per household in 2010, a trend PwC expect to continue with a further fall of up to £300 in 2011.
TSYS launches healthcare payment suite in Puerto Rico
Payment processing providers TSYS Merchant Services and Paytech have joined forces to launch a healthcare solutions payment suite in Puerto Rico.
MasterCard goes the extra mile
MasterCard Worldwide premium cardholders will be able to obtain a replacement card within 24 hours through a partnership with digital security solution provider, Gemalto.
BBVA rolls out new concept ATMs
Banking group BBVA plans to deploy 200 of its newly-designed ‘ABIL’ ATMs in Spain before rolling them out globally.
US cash usage on the decline
Research firm Aite Group has predicted that cash usage in the US will have declines by 17% by 2015.
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WorldPay partners CellPoint Mobile
Payment service provider WorldPay has developed a mobile payments service for merchants in partnership with CellPoint Mobile, a provider of mobile infrastructure.The solution combines WorldPays global processing and acquiring engine and CellPoint Mobiles payment platform mPoint.
Digicel gets $2.5m grant from Gates
The Bill & Melinda Gates Foundation has announced that it will award mobile operator Digicel and its partner Scotia Bank $2.5 million to fund a mobile money scheme in Haiti.Digicel, the first firm to launch mobile money services on the Island have been awarded the money as part of a $10 million incentive fund set up to jumpstart the introduction of mobile money into the currently crippled Haitian economy.
VeriFone launches mobile POS solution
VeriFone has developed a mobile card acceptance solution with built-in NFC and EMV capabilities for US merchants.VeriFones PAYware Mobile Enterprise, due to be launched early this year, is designed to integrate with merchants existing in-store POS terminals and is claimed to be ready for the anticipated roll-out of both EMV smartcards and NFC-enabled mobile phones in the US.
Visa speeds up its fraud detection
Visa Inc has updated its global processing platform, VisaNet, which has quickened the speed in which it can detect attempted payment card fraud.Following an analysis of past global transactions it is believed that such enhancements could lead to the identification of $1.5bn in fraud, which would represent a 29% increase on figures recorded in 2009.
Buenos Aires cash shortage crisis deepens
Bank notes and coins continue to dry up in Argentinas capital as its cash problems show no signs of slowing.