All articles by Verdict Staff
Verdict Staff
Credit card activity on the rise in South Africa
Consumer confidence, the World Cup and lower interest rates have boosted the number of credit card accounts opened in South Africa this year by 30 percent, according to Standard Bank.
Smartlink selects ACI solution in Vietnam
Electronic payment processing provider Smartlink has selected BASE24-eps, a software solution for online payments processing by ACI WorldWide, in a bid to enable cardholders in Vietnam to access any ATM regardless of who they bank with. The solution is powered by IBM Power Systems infrastructure and acts as a shared payment switch between Smartlinks member banks as well as connecting to Vietnams other national switch.
Engaging the wealthy in prepaid
One of the most elusive segments across most types of card product are mass affluent and high net worth clients Vice Versa International is one organisation that has successfully targeted these consumers, through a rewards-based prepaid product aimed at incoming tourists and business travellers in Dubai. Launched in Dubai back in 2005, Vice Versa International (VVI) is gathering momentum with its prepaid rewards product that offers real-time rewards on purchases made on the card
Federal Reserve limits credit card fees
The much-discussed CARD Act has finally been implemented, with the Federal Reserve approving rules that regulate the level of fees credit card issuers can charge
Paysafe partners with GlobalCollect
The online payment method paysafecard is to expand further into the Latin American market under its partnership with online payment service provider GlobalCollect.
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Push to drop interchange from US bank act
Banks and card issuers are pushing for an amendment from Senator Dick Durbin to be removed from the Restoring Financial Stability Act 2010 The changes could hit community banks ability to issue debit cards and also allow merchants to offer discounts to consumers based on the payment method they choose. US issuers are lobbying furiously as interchange regulations slip in then out of the Restoring American Financial Stability Act of 2010, aimed at financial system reform.
Comment: Collin Consulting
Im looking at a map showing the progress of migration from magnetic stripe card technology to EMV chip around the world
Accertify links with travel provider
Accertify, the provider of fraud prevention and enterprise-wide transaction risk screening solutions, and Despegar.com, the online travel site dealing with Spanish and Portuguese-speaking communities worldwide, has signed an agreement to implement Accertifys Interceptas fraud prevention platform.
Connecting mobiles to ACH networks
Aptys, a US-based company, has developed a mobile reader which can convert cheques into ACH payments in a matter of seconds, significantly reducing the time lag between the receipt of a payment and settlement
RedSys born to compete with SEPA market
RedSys, a merged entity between Spanish card payments network processing operators Sermepa and Redes y Procesos, has been born to allow both parties to compete in a Single Euro Payment Area (SEPA) based European market.