Thursday, June 2, 2011

Weekly International Payment News in Review

 

ICBC Asia rewards frequent flyers

ICBC Asia rewards frequent flyers

The Industrial and Commercial Bank of China (ICBC Asia), together with Hong Kong Airlines, has developed the ‘ICBC Asia Hong Kong Airlines Visa Platinum Card’ to give added privileges to frequent travellers.Free
PayPal makes further moves into Brazil

PayPal makes further moves into Brazil

E-commerce solutions provider Digital River is fuelling PayPal’s expansion into Brazil through its online payment processing solution.Free
Law firm calls prepaid into question

Law firm calls prepaid into question

US law firm Hagens Berman is conducting investigations into potential claims that five prepaid debit card companies engaged in deceptive practices.Free
UK Payments Council launches m-payments project

UK Payments Council launches m-payments project

The UK Payments Council has launched a collaborative project between banks and building societies to help facilitate the creation and adoption of P2P mobile payments.Free
PayPal sues Google over m-payments app

PayPal sues Google over m-payments app

Google has been accused of underhand tactics by PayPal as allegations of stealing "trade secrets" and poaching employees are unveiled on the very day the search giant launches its much -anticipated m-payments platform.Free
Metro Bank ups its m-banking services

Metro Bank ups its m-banking services

UK-based Metro Bank are to implemented banking software systems provider Temenos’ ARC Mobile platform as it looks to move into the m-payments space.Free
VeriFone acquires South African rival

VeriFone acquires South African rival

E-payments solutions provider VeriFone is set to acquire a South Africa-based rival Destiny Electronic Commerce, currently trading as CSC.Free
Customer-centric approach crucial to innovation

Customer-centric approach crucial to innovation

Customer insights are “crucial" for executing payment innovation, according to Kenneth Tan, head of debit cards and vice president at Singapore’s OCBC Bank.Free
Charity giving via ATMs agreed for 2012

Charity giving via ATMs agreed for 2012

UK banks, building societies and cash machine operators have unanimously agreed to enable charity giving via UK ATMs by 2012.Free
Online credit card spending remains popular

Online credit card spending remains popular

Credit cards are still proving popular among Latin American online shoppers with the payment method accounting for 70% of all transactions on the internet during 2010.Free

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