All articles by Verdict Staff
Verdict Staff
Countering fuel pump payment fraud
Card based payments for fuel are growing rapidly in popularity at US fuel retail outlets, a trend spurred by the introduction of pumps incorporating card readers. However, with the appearance of pay-at-the-pump, security found itself lagging opportunity, as fraudsters quickly figured out how to exploit the new-era fuel pumps.
Credit scoring gets personal
With the origins of the current financial downturn in the US rooted in consumer lending that turned sour, it is hardly surprising that many industry observers are carefully monitoring risk assessment models for retail finance and credit products.
Tesco flexes its financial muscle
UK supermarket giant Tesco is preparing to take on UK high street banks at their own game, after buying out the personal finance joint venture it set up with Royal Bank of Scotland (RBS) for £950 million ($1.85 billion).
Bridging the business-religious divide
The growth of Islamic banking has seen many card issuers attempt to reconcile the time-honoured interest-based business model with the requirements of the religion. There is potential for enormous growth and issuers are increasingly turning to innovation to bridge the divide.
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The rise of global acquirers
Pan-European and global merchant acquirers are starting to emerge as consolidation and joint ventures continue to gather pace across the industry Some of the industrys top players talked to William Cain about what the winning business model of the future would look like.
China gets a taste for credit
China’s burgeoning consumer class is getting a taste for credit cards, but stellar growth is raising concerns over profitability. However, issuers and networks continue to make headway in infrastructure development and consumer education.
Visa links with networking giant
Visa has announced it will be paying online social networking giant Facebook $2 million to advertise its small business service on the website. Visa Business Network has been designed to give small business owners tools and tips with which to attract new customers, reduce expenditure and boost overall revenue.
SAV lines up £500 million for card deal
SAV Credit, a specialist UK credit card lender, is on the lookout for acquisitions and is ready to spend up to £500 million ($988 million) on a second credit card portfolio acquisition.
US banks team up
Pariter Solutions, the new automated clearing house joint venture between Wells Fargo and Bank of America, has the potential to fundamentally change how US banks approach the issue of payments processing Bank of America and Wells Fargo have announced the launch of a joint venture that will combine the payment processing systems of both banks, operating a single, combined automated clearing house (ACH) platform for both companies and their respective clients