All articles by Louise Naughton
Louise Naughton
Western Union expands remittance service
Remittance specialist Western Union is expanding its Account-Based Money Transfer (ABMT) service to customers in China and Romania.
Vodafone Qatar launches remittance service
Qatar Central Bank has approved the launch of Vodafone Money Transfer (VMT) a service designed to allow consumers in Qatar to make international money remittances via their mobile phone.
Survey: E-commerce must do better
UK consumers demand improvement on e-commerce websites as outdated payment systems risk driving sales away. The research, conducted by consultancy firm Dynamic Markets and commissioned by payment processing provider Chase Paymentech, revealed merchants do not have systems in place to deal with purchasing problems efficiently. This could cause brand erosion and loss of sales.According to the respondents from the survey 76% of e-commerce sites are unable to automatically advise consumers of the reason why their card was declined. Furthermore, consumers say they are not advised on the next steps involved to complete the transaction.
M-banking proves popular in Hong Kong
More than a third of Hong Kong consumers who own a smartphone are conducting m-banking with the service proving to be indicative of a banks progressive strategy.
YESpay service claims to reduce processing costs
Payment processing provider YESpays EMBOSSEMV card payment service has received end-to-end pan-European accreditation and claims to significantly reduce card processing costs.
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Banamex teams up with US online shopping portal
Mexicos Banamex bank has teamed up with US online shopping portal PuntoMio, allowing its credit card holders the ability to shop from a host of online retailers across the US.
Global Payments moves into Spain
Payments processing provider Global Payments has teamed up with Spains La Caixa bank to strengthen its presence in Western Europe by providing merchant acquiring and payment processing services in Spain Under the terms of the agreement and pending regulatory approvals, Global Payments will pay 125m ($) to acquire a 51% majority in the joint venture. La Caixa will retain the remaining 49% and contribute its existing merchant acquiring business to the joint venture.
VeriFone acquires Hypercom in $485m deal
E-payments solution provider VeriFone has acquired rival Hypercom for a reported $485m after a spectacular u-turn from both parties sealed the deal.
Apps security headache for US banks
US banks stand accused of being “sloppy” as they scramble to rush out updates to fix security flaws found in Apple and Android m-banking applications.
Biometrics the ‘safest’ verification method
US consumers trust fingerprint biometrics over entering PIN numbers or signatures to verify their identities when using a credit card, an online poll by IT services provider Unisys has revealed.