http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/index.php Payments Cards and Mobile authoritative editorial coverage and broadly-based circulation to all the major players in the payment cards and mobile industry. en-gb Copyright 2009, Payments Cards and Mobile 2009. kaye@paymentscm.com Wed, 08 Sep 2010 14:33:33 +0100 Wed, 08 Sep 2010 14:33:33 +0100 Card Markets In house http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=992 Standard Bank new service, Instant Money, will use Spar's 850 stores throughout South Africa to reach communities in some of the most remote parts of the country. The money is sent and received at Spar outlets, using a mobile phone to transfer information. Instant Money will initially be available from Spar stores in the Eastern Cape. Tue, 13 Jul 2010 10:58:37 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=968 A andnbsp;majority andnbsp;of andnbsp;Kenyan andnbsp;adults andnbsp;have andnbsp;used andnbsp;mobile andnbsp;money andnbsp;(m-money) andnbsp;services, andnbsp;according andnbsp;to andnbsp;the andnbsp;2009 andnbsp;AudienceScapes andnbsp;national andnbsp;survey andnbsp;of andnbsp;Kenya andnbsp;conducted andnbsp;by andnbsp;InterMedia. andnbsp;However, andnbsp;most andnbsp;of andnbsp;the andnbsp;m-money andnbsp;crowd andnbsp;is andnbsp;only andnbsp;sending andnbsp;or andnbsp;receiving andnbsp;cash andnbsp;transfers, andnbsp;the andnbsp;survey andnbsp;indicates. Mon, 12 Jul 2010 16:44:21 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=965 Gartner analyst Kristin Moyer has taken issue with recent reports praising Citi's 'Tap and Pay' mobile payments trial in India (MPW 137, 141, 144), arguing that the data released fails to back up claims made by the bank and researchers over the success of the programme. Mon, 12 Jul 2010 16:37:53 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=964 CGAP has announced a new partnership with the UK Department for International Development (DFID) to expand ongoing global efforts to use information and communication technologies (ICT), especially mobile phones, to increase access to basic financial services for the poor. In addition to a 2006 grant from the Bill and Melinda Gates Foundation and CGAP funding, DFID will provide andpound;8 million to the CGAP Technology Program. Mon, 12 Jul 2010 16:35:42 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=961 Global payments technology company Visa International is courting mobile phone network operators with a view to tying up partnerships that could give the company a foothold in the emerging mobile phone banking services, the groups general manager for Sub Saharan Africa has said. Fri, 04 Jun 2010 10:44:52 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=956 Chinese mobile telecommunication operator China Mobile or its state-owned parent may buy 20% of Shanghai Pudong Development Bank for $5.9 billion, Bloomberg reports. Fri, 04 Jun 2010 10:36:50 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=939 Visa is expecting cashless alternatives such as contactless payments to gain traction this year. A recent Visa study on cash's societal costs noted estimates from the European Commission that cash, checks, and payment cards together account for 2% to 3% of gross domestic product-with cash comprising more than 66% of the total cost. Mon, 10 May 2010 12:57:43 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=937 Merchants and caterers have a six-month deadline to replace old wireless payments systems in order to comply with the PCI Data Security Standard, which was amended in 2008 to prohibit the use of Wired Equivalent Privacy (WEP) technology in the transmission of card details from mobile card terminals to the system's main component. Mon, 10 May 2010 12:55:24 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=936 The US card payments industry loses an estimated $8.6 billion to card fraud annually, according to a new Aite Group report. Mon, 10 May 2010 12:54:20 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=928 The European Payments Council (EPC), the decision-making and coordination body of the European banking industry in relation to payments, and GSMA, representing the interests of the worldwide mobile communications industry, have released the paper TSM Service Management Requirements and Specifications in the Single Euro Payments Area (SEPA) for public consultation. Mon, 10 May 2010 12:41:02 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=922 Banks and mobile network operators are set to go head to head in a bid to control the market for NFC mobile payments services, according to a new research report. Mon, 10 May 2010 12:33:37 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=918 Voice Commerce has become the first Payments Institution (PI), under the Payments Services Directive (PSD), to become a Principal Member of Visa Europe. The membership means Voice Commerce can start providing its own payment services to businesses including acquiring payment transactions. Fri, 09 Apr 2010 16:52:16 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=912 Card companies, including MasterCard and Visa, have approached the US government about filing a WTO trade complaint against China for cutting them out of the country's fast-growing, $723 billion, payment processing market, according to Bloomberg. Mon, 29 Mar 2010 12:31:48 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=910 International payment service provider DIBS Payment Services is streamlining its payment connectivity by replacing multiple local suppliers with just one connection into Transaction Network Services PCI DSS certified global backbone network. Mon, 22 Mar 2010 12:59:27 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=909 The European Payments Council has hit out at accusations by consumer groups that customer protection and security procedures are being undermined by the roll-out of the new Sepa Direct Debits (SDD) scheme. Tue, 16 Mar 2010 12:21:55 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=904 The UK is on the verge of a revolution in the way people pay for goods and services says Visa Europe. But retailers, banks, the Government and payments systems need to do more to make sure the UK isnt left behind as the world embraces digital money. Fri, 12 Mar 2010 13:01:30 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=902 The UK's major banks have voted to stop clearing cheques by 31 October 2018, bringing to an end the 350 year old payment method. Last May the Payments Council delivered its first national payments plan which includes proposals for the "managed decline" of paper-based cheques. Fri, 12 Mar 2010 12:58:45 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=901 SK Telecom says that its board decided to take over a 49% stake (or 57,647,058 shares) in Hana Card Co. for some KRW 400 billion ($355 million). The deal will make SK Telecom the second largest shareholder of Hana Card after Hana Financial Group Inc with 51% stake. Fri, 12 Mar 2010 12:57:39 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=898 The magnitude of global mobile banking is forecast to hit $202 billion by 2012, and 60% of that will emanate from the Asia Pacific region. Fri, 12 Mar 2010 12:51:13 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/readnewsarticle.php?ID=893 Best Buy has stopped accepting Visa payWave contactless payments at its 1000 stores in protest at the card giant's fee structure, according to retail technology blog. Fri, 12 Mar 2010 12:40:22 +0000