All articles by Verdict Staff
Verdict Staff
JP Morgan Chase Pay to take on Apple and Android Pay with retailer MCX m-payment system
JPMorgan Chase has reached an agreement to acquire Merchant Customer Exchange’s (MCX’s) payments technology to help expand Chase Pay, the smartphone-based payment system that enables Chase customers to pay retailers using their devices.
Wirecard to buy Citi’s merchant acquiring business in 11 markets in Asia Pacific
German payment services provider Wirecard has agreed to buy the customer portfolio of Citi’s merchant acquiring business in 11 markets in Asia Pacific.
Cambodia’s cards making a real push
With some 90% of the population living in rural areas, card penetration in Cambodia is low. However, the establishment of the Credit Bureau of Cambodia has begun a regulatory dialogue that, if continued, could bolster consumer confidence and encourage the deeper penetration of payment infrastructure
Singapore and Japan form FinTech cooperation framework
The Monetary Authority of Singapore (MAS) and the Financial Services Agency (FSA) of Japan have set up a Co-operation Framework to strengthen FinTech linkages between both countries.
Estonia’s younger consumers making the digital push
Estonia’s population aged 18-25 are substituting cash for payment cards; the country has the highest debit card penetration in the Baltic region. With the floodgates for contactless and e-commerce very much open, digitalisation is the natural step given the younger generation’s responsiveness to cashless alternatives
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Jack Henry & Associates partners ACI Worldwide to accelerate real-time payments in US
Jack Henry & Associates has selected ACI Worldwide’s UP Immediate Payments to connect financial institutions in the US to real-time payments networks such as The Clearing House Real-time Payments System and Zelle networks.
High interest rates on credit cards continue to drive revenue of Brazilian issuers
According to GlobalData’s Payment Cards Analytics, Brazil reported the second largest level of balances outstanding on credit cards in the Americas in 2015, largely due to the size of the market.
DPO Group buys Virtual Card Services in Botswana & Namibia
The Direct Pay Online Group (DPO Group), a Kenya-based online payments service provider, has agreed to acquire 100% of the equity in Virtual Card Service (VCS) in Botswana and Namibia.
Japanese, British regulators sign fintech co-operation agreement
The Financial Services Agency of Japan (JFSA) and the UK’s Financial Conduct Authority (FCA) have signed an agreement to expand cooperation on fintech.
Wirecard closes acquisition of Citi Prepaid Card Services
Wirecard, a Germany-based financial services and technology company, has wrapped up the acquisition of the US-based Citi Prepaid Card Services.