All articles by Verdict Staff
Verdict Staff
American credit card spend highest for 20 years
Americans have generated the highest spend on their credit cards year-on-year for more than 20 years, according to Mail Monitor, the credit card tracking service from market research company Synovate.
Citi launches ‘Meeting Card’ solution
Citi, the US bank, is set to launch its Meeting Card solution designed to increase companies meeting and event spend transparency.
Instant issuance a key tactic for card issuers
Instant issuance technology is one of the key tactics card issuers are implementing to encourage greater use of debit cards, according to a study commissioned by US ATM network operator PULSE.
Alleged RBS WorldPay fraud gang extradited
The alleged leader of the 2008 cyber-attack on the Royal Bank of Scotlands payment processing arm, WorldPay, has been extradited from Estonia to the US.
Citi puts Egg up for sale
Citigroup has put one of its card units, the UK based Egg, up for sale according to a Financial Times report. Citing people close to the situation, the newspaper said Citi had been holding informal talks with buyers over Egg for some time and it was now preparing to start an auction for the business, most likely after the summer. Citigroup split into two parts in January 2009 after reporting a quarterly loss of $8.3 billion and receiving a large chunk of the conroversial U.S
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Bank Freedom enters agreement with MoneyGram
Cardholders at Bank Freedom in the US are now able to load their prepaid cards at remittance specialist MoneyGrams agent locations. Bank Freedom, a subsidiary of Prepaid Card Holdings, and MoneyGramsigned a loading agreement which means users can top up their cards for $3.95 at around 40,000 more locations in the US. MoneyGrams leading reload network and Bank Freedoms expansive reach within the underbanked sector, ensure that millions of Americans who rely on prepaid debit cards as their primary form of currency have a fast and affordable option to load their cards, said Rick Galasieski, senior vice president at Bank Freedom.
Child considering future as GTP CEO
Helen Child is considering her future as CEO of prepaid business G-T-P afteradmitting to perverting the course of justice. Shetried to fool police into thinking her mother Lucinda, who died in 2002,had beendriving a Volvo estateshe was caught speeding in on two occasions in February 2006 and June 2007.
Debit: A case for investment?
Will Cain looks at how the industry has responded to declining margins on their debit products and the most effective ways to measure profitability. Innovation, process efficiency and the need to evolve business models are themes present throughout the cards industry, and this is particularly the case for the debit payments businesses.
Serverside wins customisation patent
Card customisation specialist Serverside Group has been awarded a European patent for its One Customer-One Card (OC-OC) technology. OC-OC is a digital print technology designed for the manufacturing of payment cards on demand Serverside said the technology allows an unlimited number of designs to be processed at the same time and there are no minimum order requirements.
Retailer fee complaints ‘pointless’
Now they have something to new to argue about the pricing of innovative new payments products like contactless and mobile Louise Naughton reports on the concerns of retailers and why some in the industry claim the complaints are a smokescreen.