Card Notes

Here are our twenty most recent articles on Card Notes.

Misys to strip £8 million from costs as sales slow in Europe

Banking software house Misys is to cut £8 million from its operating costs over the next year after a 'challenging' first six months trading which saw a slowdown in sales in Western Europe.

Growth returns to the western European cards market

As researched and reported in PCM's annual Payments Cards Yearbook - www.paymentcardyearbooks.com - with over 423 tables, charts and illustrations, the number of payment cards in western Europe increased to 884 million in 2010.

US EMV move doesn't mean chip and PIN

Following its decision last year to push the adoption of EMV in the United States, Visa has moved to clarify that this does not mean the introduction of chip and PIN cards.

Retail banking – IT spending on the rise amid economic turmoil

Global spending on retail banking technology will increase by $3.6bn (3.2 per cent) in 2012, and will hit $135bn over the next five years, according to Ovum.

Experian and American Express announce international payment partnership

Experian and American Express announced a partnership to offer international payment processing and foreign exchange services to Experian’s UK clients. The deal will make it easier and cheaper for businesses of all sizes to make and process overseas payments online.

EC to probe barriers to payments integration

he European Commission will next week present a paper outlining obstacles hindering further integration in the European market for card, Internet and mobile payments and how these could be resolved.

Gartner lowers IT spending estimates; forecasts carnage in EU banking

Gloomsters at analyst house Gartner have lowered their estimates for IT spending in 2012 and forecast that a third of EU banks will go under within the next two years.

Retailers and banks step up war of words over interchange fee cuts

The war of words between retailers and banks over Durbin interchange fee amendments in the US has stepped up a gear as the Electronic Payments Coalition releases research which indicates that a majority of merchants are pocketing savings from fee cuts rather than passing them on to customers as promised.

FICO Data Shows UK Cardholders Paying Less of their Credit Card

FICO today released data showing that most UK cardholders are paying less of their outstanding credit card balance than at any point in the last two years. The latest data from the FICO® Benchmark Reporting Service showed that this decline in payment-to-balance ratios took place among “classic” card accounts established within the last five years. Classic cards exclude student cards, premium cards and cards issued in Ireland, which are all tracked separately.

Pre-paid outfit Green Dot cleared to buy bank

US pre-paid card outfit Green Dot has been given the all clear by regulators to buy Bonneville, a small Utah-based bank.

Retailers file suit against Federal Reserve over card swipe fees

US merchant lobby groups have filed a suit against the Federal Reserve over allegations that the US central bank caved in to bank demands to raise the cap on debit fees by including expenses that were not permissible under law.

UK banks wage cyber war games

UK banks are participating in a war games-style market exercise to test their responses to a concerted cyber attack and the threats posed to their business by traffic gridlock at the 2012 Olympics.

For banking start-ups, the word 'bank' has become a business liability

Has the word bank been so discredited that a new name needs to emerge? That's the question being asked by business mogul Richard Branson as he conducts a rebranding exercise for the prospective Virgin Money/Northern Rock banking business.

Payments Council carpeted over cheque guarantee card as politicians smell blood

After forcing a humiliating climb-down on the abolition of cheques, UK politicians are now calling on the Payments Council to bring back the cheque guarantee scheme alongside proposals to tighten regulation of the bank-run body and interbank payments in general.

Compass Plus survey at CARTES reveals fraud and mobile as the key challenges facing the payments industry in 2012

A survey conducted by global payments software provider Compass Plus at the international payment and digital security event CARTES has revealed that payment fraud and the rise of mobile will be the key industry challenges in 2012. The survey took in the views of more than fifty respondents from the payments ecosystem including financial institutions, mobile operators, payment processors, digital security providers and the media.

MasterCard Sheds Light on Consumer Payment Preferences

MasterCard Worldwide has today announced the findings of its ‘Tech Nation’ poll, revealing how various European countries are leading the way with new payment technologies such as mobile and contactless.

Visa Europe invests in Beyond Analysis to strengthen data analytics capabilities

Visa Europe has today taken a minority stake in leading customer insight group, Beyond Analysis. The investment will strengthen Visa Europe’s data analytics capabilities and forms part of its strategy to deliver increased value for consumers, retailers and banks through electronic payments.

The MULTOS Consortium welcomes China UnionPay

The MULTOS Consortium, the industry body comprising companies from all sectors of the smart device industry, today announced that China UnionPay (UnionPay) has joined the group.

Wincor Nixdorf suspends 2012 forecast as Eurozone crisis rumbles on

German banking technology vendor Wincor Nixdorf has decided not to offer a quantitative forecast for its 2011/2012 results, claiming the Eurozone sovereign debt crisis is making predictions pointless.

Visa, MasterCard seek to dismiss price-fixing suit

Visa and MasterCard will attempt to convince U.S. District Judge John Gleeson to dismiss multibillion-dollar litigation charging them with price-fixing because the suing retailers do not pay directly for the fees at issue.

Card Notes

Misys to strip £8 million from costs as sales slow in Europe

Growth returns to the western European cards market

US EMV move doesn't mean chip and PIN

Retail banking – IT spending on the rise amid economic turmoil

Experian and American Express announce international payment partnership

EC to probe barriers to payments integration

Gartner lowers IT spending estimates; forecasts carnage in EU banking

Retailers and banks step up war of words over interchange fee cuts

FICO Data Shows UK Cardholders Paying Less of their Credit Card

Pre-paid outfit Green Dot cleared to buy bank

Retailers file suit against Federal Reserve over card swipe fees

UK banks wage cyber war games

For banking start-ups, the word 'bank' has become a business liability

Payments Council carpeted over cheque guarantee card as politicians smell blood

Compass Plus survey at CARTES reveals fraud and mobile as the key challenges facing the payments industry in 2012

MasterCard Sheds Light on Consumer Payment Preferences

Visa Europe invests in Beyond Analysis to strengthen data analytics capabilities

The MULTOS Consortium welcomes China UnionPay

Wincor Nixdorf suspends 2012 forecast as Eurozone crisis rumbles on

Visa, MasterCard seek to dismiss price-fixing suit

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