All articles by Verdict Staff
Verdict Staff
Region Round-Up
Australias National Australia Bank (NAB) has announced that its credit card customers will now be able pay with Visas contactless technology payWave. The technology will allow customers to make purchases under A$100 ($90) on their credit card without the need to sign or use their PIN
Visa expands Money Transfer service
The growing importance of remittances is leading to payment networks widening the scope and range of services on offer to tap into the demand for money transfers, and is also a key factor in the networks wanting to drive up card issuance and acceptance in previously underpenetrated markets
Japan takes the lead in technology
Despite a high level of card penetration, and sophisticated technological innovation, Japans consumers are notoriously reticent when it comes to actual card usage and spending
LatAm leader NovoPayment unveils corporate prepaid push in Peru
NovoPayment, one of Latin Americas leading prepaid issuers and service providers, is staying busy in a bustling cards market, launching a pair of new corporate prepaid cards in Peru and receiving a Principal Member licence by MasterCard Worldwide for the issuance of MasterCard prepaid cards in the region
What price customer loyalty?
Representatives from some of the leading banking, payments and loyalty agencies in the UK and Europe met to discuss and debate loyalty in financial services and the overall conclusion was that customer stickiness is more important than ever In an age of operational cost cutting and greater efficiencies, what place does loyalty and the expanding range of loyalty schemes have in retail financial services and payments?
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Turkey’s Garanti launches iPhone app
Garanti Bank of Turkey, the largest credit card issuer in the country with a market share of 17.8 percent (or 7.8 million cards) as of September 2009, is no stranger to using technology to reach the increasingly important demographic of young consumers, and it is capitalising on the massive popularity of the Apple iPhone to launch another ground-breaking innovation in the Turkish market.
Prepaid in pole position
At this years Prepaid Cards Summit, held in Rome on 12-13 November, delegates were left in no doubt that, despite difficult economic circumstances, there are many opportunities for prepaid to stand out from the crowd across many industry segments Rome was the setting for the fifth annual Prepaid Cards Summit on 12-13 November, which welcomed over 320 delegates from around the world, representing banks, payment networks, vendors and programme managers, and an array of leading prepaid industry speakers who gave their market-shaping insights into one of the most dynamic areas of the payment industry.
TSYS makes its mark in India
Global payment processor TS YS has secured extensive footholds in international markets but isdetermined not to rest on its laurels. The company is now set on expanding its presence in India,one of the fastest-growing payment markets in the world, as Charles Davis reports
A security solution not to be ignored
However, effective security solutions need not necessarily becomplex or costly, as two experts in the field of biometric voice identification explained to BPA. The essence of security for financial institutions is verification of customer identities, a task for which PINs are being found to be increasingly inadequate.
News Digest
First Data has become a preferred distributor and reseller of VeriFone countertop payment solutions in the US, a development VeriFones CEO Douglas Bergeron has described as a tremendous honour for his company. Central to the alliance is VeriFones appointment by First Data to design, build and manufacture new, high-volume co-branded countertop payment systems.