All articles by Verdict Staff
Verdict Staff
Korea connects to global network
The Korea Financial Telecommunications and Clearings Institute (KFTC) is upgrading its ATM systems in order to connect to the global ATM network, ensuring that Korean cardholders can make use of ATM machines around the world without restriction or additional commission charges.
Co-op Bank offers public sector prepaid cards
UK-based Co-operative Bank has partnered with prepaid card provider Advanced Prepaid Solutions (APS) to offer prepaid card services for public sector organisations.
UK spending slows in the run-up to Xmas – Visa
With seven weeks to go it seems UK consumers are yet to get into the Christmas spirit as Visa reports a 0.3% dip in total spending across all Visa products when compared to the same point last year.
Visa launches interactive card with Cornèr Bank
Switzerlands Cornr Bank will become the first financial services provider to launch Visas CodeSure interactive payment card complete with an embedded PIN pad.
G&D’s contactless cards hit 50m in US
Contactless payment cards supplied by payment technology provider Giesecke & Devrient (G&D) have become the first to hit the 50 million unit milestone in the US.
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Contactless technology launched in Australia
Visa and MasterCard have brought contactless technology down under for the first time teaming up with fast food outlet McDonalds and retailer 7-Eleven respectively.
Amex and Cathay Pacific airline launch corporate card
American Express (Amex) and Cathay Pacific, a Hong-Kong based airline, have joined forces to launch a co-branded corporate card offering both companies and their employees Asia Miles.
OCBC Bank launches customisable debit card in Singapore
The Oversea-Chinese Banking Corporation (OCBC Bank), in partnership with MasterCard, has launched the OCBC Business Card, a platinum debit card that can be customised and branded by businesses.
US banks turn to prepaid to recoup lost interchange revenue
The Durbin Amendment is already causing a shift in strategy among US banks with an increasing emphasis on prepaid cards expected and JPMorgan Chase announcing a steer away from debit.
US consumers will use cash this Christmas
The season of goodwill is right around the corner but the majority of US consumers will be leaving their credit cards at home and switching to cash to pay for their purchases.