22 Jul 2004 10:44 AM

Credit card giant MBNA Corp (KRB) said Thursday that its net income for the second quarter of 2004 rose 21 percent to $660.3 million or 51 cents per share compared with $543.3 million or 42 cents per last year.

22 Jul 2004 04:49 AM

Visa USA recently reported that eCommerce spending in the US on its credit and debit cards totaled USD 22.3 billion in Q1 2004, a 59 per cent increase over the same period in 2003, according to Business Wire. By

21 Jul 2004 05:16 AM

US corporations are looking to banks for assistance with integrating purchase card data to ERP and accounting systems, at a time when banks and card issuers are seeking to increase overall p-card use. Automated

21 Jul 2004 04:54 AM

While 20 million UK consumers are tipped to shop online in 2004, to the tune of Stg 17 billion, more than a million

20 Jul 2004 05:00 AM

Visa International is issuing chip-based, integrated debit and ATM cards in Taiwan as a way to promote debit card use

20 Jul 2004 04:07 AM

Corporations with proactive working capital management solutions improve their cash flow by reducing the incidence of late payments, improving collections and harnessing the availability of transaction data, according

19 Jul 2004 04:39 AM

Plastic card will overtake cash as UK consumers’ preferred way to pay during 2004, according to a new survey from APACS, The Way We Pay, with debit cards accounting for over two-thirds of card payments. In 2004, total plastic

19 Jul 2004 03:37 AM

About 16,000 retailers in Europe currently use MasterCard’s SecureCode program for online credit card payments, while Visa EU estimates roughly 10,000 merchants to be using its Verified by Visa program, according

16 Jul 2004 08:29 AM

Prepaid wireless revenues in the US will grow from USD 7 billion in 2003, to nearly USD 28 billion by 2008, according to the Pelorus Group, while Canada’s parallel revenues will grow from CD 1 billion to CD 2.7 billion.

14 Jul 2004 08:18 AM

By end-2004, B2B spending by US government and businesses will total USD 14.3 trillion, a more than 13 per cent increase on the 2000 figure, according to Visa’s new Commercial Consumption Expenditure (CCE) index.

14 Jul 2004 07:41 AM

Once banking entities and their customers are connected via SwiftNet, the exchange of banking data in real-time means a bank’s clients will be able to make more informed decisions about managing their cash. Large banks

13 Jul 2004 06:42 AM

Payment reconciliation costs US firms with assets of USD 1 billion an annual USD 27 million, according to Killen & Associates

13 Jul 2004 05:56 AM

Payment gateways can help bridge the disconnect between large corporations and cash management banks as STP (straight-through processing) gains traction in the cash management market, accordingly to GT

09 Jul 2004 04:55 AM

Debit cards, traditionally a substitute for cash, are migrating into the credit card payment space, meaning that issuers need to continue growth rates without levying fees on cardholders or changing existing debit economics

09 Jul 2004 04:43 AM

Barclaycard, by equipping 5,000 credit and debit cardholders with pocket-sized card readers, is looking to its EMV investment to provide two-factor authentication for online and remote transactions. With 35 to 40 per cent of all credit card losses deriving from ‘card-not-present’ transactions, Barclaycard’s readers will make online