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05 Apr 2004 07:12 AM
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Asia-Pacific Banks Assessing BPO, Web Services:
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During 2004, banks in Asia will integrate legacy applications with Web-based systems to save costs and improve overall performance, while increasing their IT spending by 4 to 5 per cent, according to Unisys. Banks in the region see
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05 Apr 2004 07:12 AM
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Card Fraud In Middle East Is Likely To Increase:
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Credit card fraud may become a problem in Qatar as the country becomes wealthier, according to Alan Perkins, of Visa International, CEMEA, even if fraud is not a problem now.
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05 Apr 2004 07:11 AM
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UOB Sees Chip Cards As A ‘Defensive Move’:
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Singapore’s United Overseas Bank is to spend USD 12 million on upgrading to chip-based credit cards in what it terms a ‘defensive move’ against fraudsters in neighboring Malaysia, where chip cards are compulsory.
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05 Apr 2004 07:11 AM
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Merchants Using 'New' Debit Market To Cut Costs:
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While Visa is predicting debit to comprise 15 per cent of consumer payments in the US by 2007, up from 2 per cent in 1996, merchants are leveraging the changed landscape to reduce their payments costs.
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02 Apr 2004 01:58 AM
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London Police Using Thumbprints As EMV Stopgap:
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As a stopgap while the UK migrates to chip and PIN payments, police in the City of London are running a Thumbprint Scheme in which local retailers will be encouraged to ask customers making a check or card payment, to supply a thumbprint.
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31 Mar 2004 07:03 AM
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Amex, China's ICBC Bank To Issue Credit Cards:
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American Express and China’s largest issuer, the Industrial and Commercial Bank of China, are to issue the first Amex-branded credit cards in China from this fall, in Beijing, Shanghai, Guangzhou and Shenzhen.
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31 Mar 2004 06:41 AM
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Recurring Payments Market Seen As New Niche:
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Card issuers and payment processors alike are targeting the recurring payments market, with MasterCard being the latest to promote the benefits of recurring payments to its merchants.
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31 Mar 2004 06:37 AM
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New York Cabs To Accept Card Payments By 2005:
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Cab drivers in New York City are to be mandated to accept credit card payments by November 1, 2005, in a move to bring New York in line with other US cities, such as Chicago, Dallas and Los Angeles.
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30 Mar 2004 06:10 AM
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Cash Management Boosts Corporations' Efficiency:
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Web-based trading platforms with transaction reporting can help corporations seeking to contain costs to improve their cashflow processes, consolidate balances and optimize their cash management processes.
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30 Mar 2004 06:10 AM
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Japan's Retailers Taking To Edy E-Money System:
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Japanese convenience store chain, Don Quijote, is to facilitate payments with Sony Corp’s smart card-based e-wallet, Edy, at all of its stores by September 2004 and will issue Edy-enabled credit cards from July 2004.
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30 Mar 2004 06:10 AM
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McDonald’s To Double Card-Accepting Locations:
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Of McDonald’s 13,609 US restaurants, just 3,000 are equipped for card payments, but by end-2004, this number may rise to 8,000 after new alliances with the four major credit card schemes and the Star debit network.
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30 Mar 2004 06:10 AM
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Paper Checks Unlikely To Vanish After Check 21:
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29 Mar 2004 03:03 AM
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Theft Of Card Receipts Affirms Need For Security:
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Over 180 credit card receipts were stolen from a Cricket Communications kiosk in the Boulevard Mall, Buffalo, New York State, by thieves who also took cash from a neighboring kiosk in the mall.
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29 Mar 2004 03:03 AM
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Credit Card Fraud A Risk At Offshore Call Centers:
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US credit card firm, Capital One, has ended its call center operations in India after reports that local staff were misleading its customers with unauthorized offers of credit, free gifts and club membership.
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26 Mar 2004 04:54 AM
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Banks 'Will Find Ways To Compete With Simpay':
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Mobile operator, Vodafone, is rumored to be spending Ђ400 million on a mobile payments platform that will be standardized across 27 of the countries in which it operates, but is not commenting on the issue.
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