All articles by Verdict Staff
Verdict Staff
Splitit, Magento enable merchants to offer credit card based monthly payment solution
Splitit, a credit-based payment system, has teamed up with Magento to enable merchants to offer credit card based monthly payment solution to their customers.
WhatsApp mulls to launch digital payment service in India
Facebook-owned instant messaging app WhatsApp is preparing to launch digital payment service in India in the next six months.
Aditya Birla Nuvo obtains payments bank licence from RBI
Aditya Birla Nuvo has received the final approval from the Reserve Bank of India (RBI) to launch a payments bank in India.
PSD2 – a catalyst for Pay By Mobile
PSD2 marks a revolutionary industry development and will have a far-reaching impact on payments and digital commerce. The integration of Third Party Providers (TPPs) into the FCA’s regulatory framework will provoke new levels of transparency and security in online money transfer, and open the way for a new wave. Simon Pepper, head of product at Tola, writes
Bahrain turns to Singapore to develop own fintech hub
The Bahrain Economic Development Board (EDB) has collaborated with Singapore Fintech Consortium (SFC) and UAE-based Trucial Investment Partners to develop a fintech ecosystem and regulatory framework.
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NetSpend to pay $53m to settle FTC’s charges for misleading cardholders
Netspend, a prepaid card company owned by Total System Services (TSYS), has agreed to pay $53m to resolve the Federal Trade Commission’s (FTC’s) allegations that it misled users about access to funds deposited onto their cards.
Samsung to offer early access to Samsung Pay in UAE prior to full launch
Samsung Gulf Electronics, a subsidiary of South Korean electronics giant Samsung Electronics, has announced early access programme for its mobile payment service, Samsung Pay, in the UAE ahead of the comprehensive roll out.
CO-OP Financial Services buys TMG for $100m; restructures leadership team
CO-OP Financial Services has purchased US-based payments processor TMG from Iowa Credit Union League in a cash transaction valued at $100m and restructured its management team.
MYOB acquires Paycorp Payment Solutions
Australian software company MYOB Group has completed the acquisition of Paycorp Payment Solutions.
Meezan Bank partners 1LINK to roll out PayPak branded debit card in Pakistan
Pakistan-based Meezan Bank has partnered with interbank payment network service provider 1LINK (Guarantee) to issue PayPak branded debit cards in the country.