Issuing & Acquiring

Showing Latest Issuing & Acquiring

Banks adopting biometrics against fraud

24 Jun 15 @ 15:36

A new impact report finds that the use of knowledge-based analytics are on a fast decline, while various forms of behavioural analytics continue to see strong growth. The report, “Digital Channel Fraud... read more

Amex loses out at POS

22 Jun 15 @ 15:40

After years of prohibiting merchants who accept its cards from steering customers to other brands, American Express is being forced to lift those restrictions. The change comes after a federal judge... read more

Western Union remittance deal with MasterCard in Romania

19 Jun 15 @ 15:07

Western Union, the global remittance specialist, and MasterCard have entered into a deal that will enable remittances originated from nearly anywhere across the globe to be received on Maestro and... read more

UK cardholders spend £26 billion abroad

18 Jun 15 @ 15:44

Last year UK holidaymakers spent £26.4 billion using their cards overseas, making almost 14 transactions every second, according to figures from the UK Cards Association. For the first time annual... read more

ICA Banken goes contactless with Oberthur

18 Jun 15 @ 15:40

Oberthur Technologies, a global digital security solutions specialist, and Sweden’s ICA Banken have announced the launch of the first dual interface contactless payment cards in Sweden. ICA Banken and Oberthur... read more

Domestic Card Schemes in Europe – A Status

17 Jun 15 @ 16:48

The landscape of domestic card schemes in Europe has changed dramatically following the implementation of the European Economic Area, the Payment Services Directive and the SEPA Cards Framework. The domestic card... read more

Virgin Money chooses MasterCard for debit cards

15 Jun 15 @ 12:19

MasterCard has announced that Virgin Money has entered a long-term agreement to issue contactless-enabled MasterCard debit cards to the bank’s growing customer base. According to MasterCard, it has developed a strong... read more

UnionPay hits 5 billion issued mark

12 Jun 15 @ 13:20

China UnionPay aims to become a global bank card company, Ge Huayong, chairman of China UnionPay and UnionPay International, said on Wednesday. Ge made the remarks after a speech at... read more

US EMV migration – Three lessons from Canada

10 Jun 15 @ 12:11

At the risk of sounding like the new Weather Channel website, can we learn anything about EMV migration from Canada? After all, they have already upgraded or replaced more than 60,000... read more

Android Pay waives transaction fee – may force Apple Pay to reconsider?

08 Jun 15 @ 13:40

Google says it won’t earn any transaction fees from credit-card issuers for its coming Android Pay service because of evolving ground rules for the services. Credit-card issuers hope the changes will pressure Apple... read more

US EMV migration: Chip and signature is a joke!

02 Jun 15 @ 17:35

“The fact that we didn’t go to PIN is such a joke,” says Mike Cook, Walmart’s assistant treasurer and a senior vice president, in reference to the USA’s current EMV... read more

How Does Android Pay differ from Apple Pay & Samsung Pay for banks?

01 Jun 15 @ 12:00

Google has Android Pay. The internet giant outlined a set of APIs that will allow developers to add an Android Pay button to their app and banks to enable payments... read more

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Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

Santander backs Ebury’s next phase with fresh funding

05 May 26 @ 16:52

Banco Santander has reinforced its commitment to Ebury after taking part in a funding round of about £550mn for the cross-border payments and trade finance fin... more

RBC and BMO weigh sale of Moneris as banks retreat from merchant acquiring

06 May 26 @ 16:43

Royal Bank of Canada and Bank of Montreal are reportedly in talks to sell Moneris, their jointly owned payments processing business, to Francisco Partners, in a... more