All articles by Verdict Staff
Verdict Staff
MasterCard upgrades loyalty service in India
MasterCard has signed a deal with processor Venture Infotek to form Jackpot on the Spot, a new debit loyalty programme to be launched in India.
MasterCard unveils interactive debit card
MasterCard has unveiled the first dynamic and interactive payment card of its kind, complete with a display panel and touch-sensitive button that allows consumers to see their account balance, spending limit and hold a password. Turkish bank TEB, a subsidiary of BNP Paribas, will become the launching pad for the next generation debit card with a Maestro eCommerce authentication programme in July this year New features are scheduled to be added onto the card in the near future.
US lenders still shrinking loan books
As homeowners in the US reduce their expenditure further and unemployment rates continue to rise, there is a worry that the combined effects of low consumer confidence and tighter lending regulations will spell disaster for the US economic rebound The total number of US credit card loans is still shrinking, according to a new report issued by Credit Suisse
WRT targets French banks with Accenture
Loyalty scheme provider Welcome Real-time is to target French institutions through a partnership with consultancy Accenture.
TfL looking at Oyster alternatives
James Davlouros, Mastercard’s vice president for innovative platforms, said that the payments specialist was in talks with Transport for London (Tfl) about providing a new way for travellers to combine a contactless payment system on to their mobile phones. Speaking at Mastercard Europe’s Debit and Prepaid Conference in Budapest, Davlouros told Cards International that one of the solutions being talked about was a chip attached to a slimline transmitter that could be attached to a mobile phone
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Driving loyalty through debit rewards
Debit cards and current accounts represent the biggest opportunity for card issuers to gather data on their customers, but have traditionally been seen as loss-leading products This article, an excerpt from VRLs latest report, Debit Cards as Profit Drivers, focuses on debit loyalty and rewards programmes. Loyalty programmes serve a number of purposes for issuers they can guide customer behaviour, deepen loyalty among customers and increase customer loyalty to affiliated merchants, and also be used as a tool for cross-selling.
And the winner is…
The Cards and Payments Conference and Awards 2010, held in Madrid, attracted some of the industrys leading lights to celebrate excellence in the industry. Attendees had to contend with flight cancellations as a result of the Icelandic ash cloud on their way, but plenty made it along to see Barclaycard claim two top awards at the event.
MasterCard launches innovation portal
MasterCard Worldwide has declared its laboratory open for business as it plans to launch an API Developer Portal allowing innovative payment application ideas to flourish MasterCard claims that third-party and independent software developers around the world will be able to create a new wave of e-commerce and mobile payment applications through the release of its Open Application Programming Interfaces (Open APIs) which will become available later this year. The portal enables developers access to the Open APIs and will provide technical documentation, software development kits (SDKs), sample source code, reference guides, and virtual sandboxes for testing new and innovative applications
Simplicity through innovation’
The conclusion from Cards and Payments Europe 2010, the VRLCards International event recently held in Madrid, was clear simplicity is currently the concern of most customers. Prior to the financial crisis, benign economic conditions and strong credit growth saw many issuers roll out new cards products each month in an effort to appear dynamic and innovative to customers and to sell more products.
Credit cards and the ‘perfect storm’
Canadas payments market has been in the spotlight following the governments publication of a Voluntary Code of Conduct, which calls for self-regulation in the industry The credit card industry has been hit by a perfect storm, with record net losses driven by increased debt and consumer bankruptcies and increased government regulation, according to research.