All articles by Verdict Staff
Verdict Staff
European Payments Council shifts focus to mobile payments
The European Payments Council (EPC), the co-ordination and decision-making body of the European payments industry, has published its 2009 annual report, which highlights the substantial progress achieved in delivering several initiatives for the Single Euro Payments Area (SEPA). Among the initiatives highlighted is the SEPA Cards Framework (SCF), which has been designed to enhance levels of interoperability within SEPA by defining common standards in order to improve transparency and remove barriers to the development of a SEPA for cards
Discover extends network agreement with Walmart
American card issuer Discover has announced the extension of its network agreement with leading retailer Walmart through 2015.
RegaloCard adds supermarket chain to its network
The largest supermarket chain in El Salvador, Super Selectos, has announced that they have joined the RegaloCard mobile payments network.
News Digest
An encryption-based payments data initiative embarked on some six months ago by First Data in conjunction with US data service specialist EMC Corporations security division, RSA, is to be tested in a pilot involving more than 400 bricks-and-mortar and online merchants of all sizes.
PayPoint looks for growth in mobile payments
UK utility bill payments services provider PayPoint is set to go mobile with the acquisition of mobile payments specialist Verrus Mobile Technologies in a cash deal worth up to £33m ($50m).
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Visa to roll out chip and PIN technology across New Zealand
Visa has announced plans to switch all New Zealand Visa cards over to chip and PIN technology over the next four years in a bid to reduce card fraud.
Cardsave announces growth plans
The Cardsave Group, the largest provider of credit and debit processing facilities to independent UK retailers, has unveiled plans to increase its transaction levels by over £1 billion a year within three years.
Region Round-up: EMEA
The UK Cards Association, which represents the UK credit card industry, has reached a joint commitment with the Department for Business, Innovation & Skills (BIS) as a result of its consultation Review of the Regulation of Credit and Store Cards.
A success… or not?
A recent mobile payments trial held in India by global banking giant Citi has been hailed as a success by the bank, although the limited availability of compatible mobile phones has been identified as a challenge to overcome India was the staging ground for a recent mobile payments trial undertaken by global banking giant Citi, and initial results appear to be positive proof that there is clear market demand for contactless near-field-communication (NFC) technology.
Region Round-up:Latin America
The number of credit cards in Brazil is expected to grow at a compound annual growth rate of 12% during 2010-2013, according to a report by global research specialist RNCOS. The number of credit cards in Brazil has witnessed note-worthy growth in the recent years, and RNCOS predicts that the number of credit cards will reach around 195m by 2013.