All articles by Zak Garner-Purkis
Skrill acquires paysafecard.com
Online payments system provider Skrill has acquired paysafecard.com, an Austrian prepaid payments business.
Australian watchdog takes Visa to court
The Australian Competition and Consumer Commission (ACCC) has filed a complaint against Visa. The watchdog is accusing the global card issuer of misusing market power in order to prevent the expansion of dynamic currency conversion services (DCC) in merchant outlets and at ATMs.
US states propose ban on surcharges
Eight US states are introducing or drafting state legislation that will prevent merchants from charging the consumer surcharges on credit card purchases, according to the US Credit Union National Association (CUNA).
NatWest and RBS in full contactless roll-out
Visa, RBS and NatWest have followed up on a series of trials with a full roll out of contactless cards.
German card industry expands at double-digit pace
Card turnover in Germany increased by 11% in 2011, taking the total to 267bn ($362bn), according to a research by PaySys Consultancy.
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Western Union extends prepaid reach
Western Union is expanding its prepaid business, through a new project in Latin America and a partnership with tax refund specialists Advent Financial.
Credit card surcharge option for US retailers
Retailers in 40 US states can now charge up to 4% on credit card transactions.
AMEX and Barclaycard seal UK issuing agreement
Barclaycard has become an American Express card issuing partner in the UK. The agreement enables Barclaycard to sell cards accepted by the American Express global network in the UK for the first time.
Square COO resigns
Keith Rabois, the chief operating officer of mobile point-of-sale company Square, has resigned.
UK cardholders have GBP50bn in unspent credit
A third of UK credit limits are unused, despite a reduction of credit limits since 2008, according to data from credit analysts FICO. The figures reveal there is GBP50bn (USD79bn) worth of unspent credit.