All articles by Verdict Staff
Verdict Staff
Brazil slashes payment card fees
Brazils Monetary Council has slashed the number of issuance fees on credit cards from more than 80 to just five.
UK’s Havering Council partners with Citi on prepaid
The London Borough of Havering is set to more than halve existing processing costs by issuing Citis prepaid cards for its benefits schemes.
German credit cards shall go to the ball
As credit cards emerge as the most popular payment method in German e-commerce it is believed a Cinderella label can finally be shaken off as they are allowed to step into the limelight.
Canada’s Tim Hortons to accept Interac debit
Canadian coffee and doughnut chain Tim Hortons will begin a nationwide roll-out of Interac debit cards after fears of a slowing-down of transactions through e-payments were allayed by rigorous piloting.
Banco Popular launches credit card rewards scheme
Financial services group Banco Popular North America (BPNA) is set to launch its MasterCard Platinum XTRA credit card with an enhanced rewards scheme, claimed to impose no restrictions on purchases.
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EAPS payments grow by 150% in Q3 2010
The Euro Alliance of Payment Schemes (EAPS) has reported its Q3 2010 payment data, showing transaction volumes to have rocketed by 150% when compared to figures from the same period in 2009.
Amex signs deal with China UnionPay
American Express (Amex) has told Bloomberg a Memorandum of Understanding (MoU) with Chinas bankcard association UnionPay may lead to Amex processing more transactions on its global network According to an Amex statement, the MoU will bring the issuer together with UnionPay to explore the expansion of their current co-operative activities. The current partnership allows Amex cards to run on China UnionPays network, but both companies will now look to work together to develop new areas of co-operation within China and in markets outside of China.
Contactless is key at CARTES 2010
A glance at the programme for the forthcoming CARTES & Identification trade show 2010 shows that contactless technology is ready to revolutionise the world of cards and payments. The show which brings together more than a dozen individual conferences and a huge exhibition in a single location will feature speakers covering every aspect of payment processing technology, but it is the development of contactless that is likely to be the central talking point.
Sberbank becomes first Amex issuer in Russia
Sberbank will become the first American Express (Amex) card-issuing partner in Russia in a bid to appeal to the countrys elite.
Celebrity-hyped’ prepaid card falls short
Teen fans are warned not to be blinded by the celebrity status of US reality TV stars, the Kardashian sisters, as hidden fees reveal their prepaid card to be less than glamorous.