All articles by Sandra Nielsen
Sandra Nielsen
Canadian credit card surcharges could rise dramatically
Canadians could be hit with sky-high credit card surcharges, the Consumers’ Association of Canada warned. This could be the outcome of a pending ruling from Canada’s competition tribunal, which is judging a case against Visa and MasterCard that was launched in 2010.
Visa Europe announces immediate, multi-currency m-payments
Visa Europe has announced that multi-currency and immediate payments will be added to its Personal Payments mobile service across Europe. The features will allow consumers to conduct transactions immediately from their mobile phones to Visa cardholders in Europe.
Visa set to launch m-payments platform in Pakistan
Visa is set to launch its own mobile financial services platform in Pakistan. The product will use VisaNet technology and function on an ‘interoperability’ model – a first in Pakistan’s mobile banking market.
Sub-Saharan Africa gets first multi-currency prepaid card
Kenya’s I&M Bank and MasterCard have joined forces to launch the first ever MasterCard branded multi-currency prepaid travel card in Sub-Saharan Africa.
MasterCard launches MasterPass in Canada
MasterCard Canada has launched MasterPass, making Canadian customers the first in North America to be able to use the digital payments platform.
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Hong Kong announces plans for NFC payments infrastructure
The Hong Kong Monetary Authority (HKMA) is forming a working group, under the auspices of the Hong Kong Association of Banks, to create a set of standards for the introduction of NFC payments in Hong Kong.
Wells Fargo resolves Debit Card Bug
Wells Fargo, the fourth-largest US bank by assets, said that the “technical glitch” that prevented use of debit cards early in the day on March 27th has been fixed.
UK government launches plans for payments regulator
The UK government is preparing to bring in a regulator for retail payment systems, putting an end to the current practice of industry self-policing.
G&D to supply Macau’s biometric contactless ID cards
The Munich-based technology company Giesecke & Devrient (G&D) will manufacture and deliver contactless, multifunctional smart ID cards to Macau.
EnterCard implements FICO fraud management
FICO and EnterCard, a Nordic credit card company set up as a joint venture between Barclays and Swedbank, have joined forces to improve EnterCard’s fraud management.