All articles by Verdict Staff
Verdict Staff
ING and Atos Origin partner up
Dutch banking group ING and European IT services firm Atos Origin are teaming up to provide end-to-end SEPA-compliant payment processing services to banks and corporations in Europe.
Report reignites US interchange issue
The publication of a report on 15 May by the Government Accountability Office (GAO) regarding the level of interchange fees in the US has given both banks and card networks fresh ammunition as they face off with retailers.
Making payment a commodity
Aneace Haddad, founder and chairman of European payment software developer Welcome Real-time, speaks to Cards International about the evolution taking place in the payments industry, and how banks can learn from non-bank players like Google Checkout in adding value to the payment experience.
Israel’s consolidated card market
Six years ago Israels banking industry was facing a severe recession, but now the countrys payment card market is one of the most dynamic in the Middle East. However, increasing regulatory scrutiny is proving to be something of a challenge.
The end of Oyster?
A recent presentation to banks given by Transport for London (TFL), which operates public transport in the UK capital, has put a question mark over the future of its electronic ticketing scheme, Oyster. TFL has implied it could be eventually phased out it favour of a contactless payment card-based system – something which would represent a huge kick-start for contactless technology in the UK.
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Barclaycard commits to contactless
In one of the largest card portfolio migrations undertaken in the UK, Barclaycard has not only significantly increased its market share, but has also underlined its commitment to contactless payment with its acquisition of the Goldfish and Morgan Stanley card portfolios. The history of the Goldfish and Morgan Stanley card businesses in the UK is one characterised by highs and lows.
Eastern promise for Citi co-branding
Citibank’s Kahina Van Dyke regards the emerging Eastern Europe markets as some of the most exciting for payment card players, particularly for those involved in co-branding. CI recently spoke with Citibank’s regional director for cards in the EMEA region, Kahina Van Dyke, about the changing face of the European cards market and how the bank is keeping up.
Carte Bleue merges into Visa Europe
Also, the domestic Cartes Bancaires card scheme has carved a niche for itself as the dominant payment scheme, leading to a somewhat tricky co-existence with Visa and MasterCard
Greater scope for card treasury payments
A study by the Association of Financial Professionals (AFP) has found 49 percent of companies are using paper notebooks or basic computer spreadsheets to perform cash management, and more than a third still keep track of their various bank accounts that way, despite the wide availability of electronic cash management systems. This reliance on human capital is driven by the means by which it completes its tasks primarily through the continued use of spreadsheets and other manual processes to conduct basic treasury functions
NAG UK raises its profile in prepaid
National Australia Group UK owners of Clydesdale and Yorkshire Banks could perhaps be called the dark horse of prepaid card BIN sponsorship Roy Driver caught up with Gary Rimmer, head of Third Party Payment Solutions, to understand more about what NAG are doing and their future plans. CI: NAG UK could be described as a dark horse in prepaid sponsorship, in that so far the company has kept a fairly low profile