All articles by Verdict Staff
Verdict Staff
News Digest
Corporate purchasing card loopholes closed…VivoTech builds on its worldwide success…NACHA launches e-bill service…Age verification goes mobile…WaMu thinks big on PayPass…GiftMate comes to North America.
Removing online shopping fears
Removing online shopping fears Fraud is scaring off countless would-be internet shoppers who are reluctant to expose banking details online In response to consumer fears, a Canadian technology developer is offering eBillme, an online billpay solution that eliminates the need to disclose sensitive personal details Charles Davis reports. Online shoppers in the US can be forgiven if they are confused about alternative payment options
News Digest
to protect consumers from criminals sending fraudulent e-mails and claiming to be from PayPal and eBay.The initiative entails the launch of an e-mail authentication called DomainKeys
EPC clarifies SCF
The European Payment Council (EPC) has published a document that clarifies key aspects of compliance with the SEPA Cards Framework (SCF) for payment schemes and issuers.The EPCs document states that any national card scheme can be deemed to be compliant with the SCF if cards issued are technically and commercially capable of being accepted everywhere in SEPA
Rêvving up for prepaid growth
The names of Roy and Bertrand Sosa may not be commonly known within the wider payment industry, but in prepaid circles, they are regarded as pioneers in delivering prepaid solutions to previously financially excluded consumers.Having founded US prepaid provider NetSpend in their apartment with an investment of $750 in 1999, they were quick to recognise the importance of reaching out to the financially excluded, and how prepaid cards could achieve that in an efficient and cost-effective manner.
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Visa, MasterCard boosted by debit
Debit payment volumes are on the rise worldwide, and in the US at least, consumers are shifting more non-discretionary spending onto debit Both Visa and MasterCard evidenced this trend in their latest financial results, but both also pointed to a slowdown in credit payment volumes.
Australian card spending slows
With official interest rates in Australia currently at a 12-year high, consumer credit card spending has fallen to its slowest annual growth level since 1994, when the Reserve Bank of Australia (RBA) began keeping records.
Mpayy reaches out to merchants
A new online payment service is hoping to disrupt the dominance enjoyed by the major card networks when it comes to online card-not-present transactions As Charles Davis reports, Mpayy could prove to be a tangible threat as not only is it reaching out to small merchants, but it also has the backing of a major US bank.
US credit quality weakens further
With the bad news set to continue for the foreseeable future, Fitch Ratings has released a report outlining the various factors squeezing profitability for US issuers
Region round-up
Standard Chartered Bank has joined forces with Tata AIG General Insurance… Australian credit card spending grew at its slowest pace in more than a decade… Israeli credit card company ICC-CAL and German airline Lufthansa have joined forces…