All articles by Verdict Staff
Verdict Staff
Prepaid useful to terrorists – or is it?
A new report from a US think tank has highlighted prepaid solutions and money transfer services as being useful to terrorists, even though regulation of such solutions has been tightened considerably over the past few years.
Region round-up: Asia-Pacific
China Merchants Bank, the countrys biggest private lender, has forecast that the number of credit cards in issue by the bank will reach 15 million by the end of 2007…
News Digest
Citi teams up with SK Telecom… End of the road for Pay by Touch… Chase Paymentech takes a big step forward…
News Briefs
MOBILE BANKING BofA sets mobile record Bank of Americas (BofA) US mobile web-based banking service notched up its 500,000th active user in November, a level that a study by research company TowerGroup reveals is higher than that of all other US banks combined. Key features of BofAs mobile banking are an ability to transfer money between accounts and to other BofA customers, and to check balances on current, savings and credit card accounts.
A new era for e-money in Europe
The huge potential of electronic money (e-money) in Europe is being stifled by flaws in the regulatory framework, a situation the European Commission (EC) intends remedying.
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Bidders line up for SIA-SSB
Up to 30 businesses are rumoured to be interested in bidding for Italian processor SIA-SSB as the timeline to sell the business draws to a close. A range of suitors, including private equity, card processors, non-cards processing competitors and IT and software businesses are interested in making a bid.
Brazilian issuer looks to Mexico
The latest quarterly 2008 results from Brazils trio of major card issuers Banco Bradesco, Banco Ita and Unibanco all show continuing strong growth rates for credit cards, both in terms of card numbers, transactions and revenues..
Thumbs up for UK m-payments
Preliminary results of the UK’s first m-payments trial, which included mobile phone operator O2, Barclaycard, Transport for London and Visa have been obtained by CI and show there was broad support among consumers for the product. The partners are now considering their next move.
Capital One and Amex post disappointing Q2 figures
Amid the current turbulence of the US economy, both American Express and Capital One have posted disappointing second quarter results perhaps an indication that the two companies have until now underestimated the size of the US financial crisis and its continued stranglehold on consumer spending.
Tougher times for Turkish issuers
Turkeys credit card market is one of the most dynamic in the world, and growth potential is huge (see CI402) However, a recent decision by the countrys 13th Chamber of the Supreme Court of Appeals has left Turkish credit card issuers reeling, and consumers cheering.