Banks skeptical about meeting 2014 Sepa compliance deadline

Banks skeptical about meeting 2014 Sepa compliance deadline

September 19, 2011 - Bankers and corporates do not expect to meet a 2014 deadline for Sepa compliance, according to a straw poll of delegates conducted during a panel discussion of the controversial payment initiative at the annual congress of banking co-operative Swift. The session, entitled

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EU funded project to improve ATM access for people with disabilities

EU funded project to improve ATM access for people with disabilities

September 8, 2011 - An EU-funded project is aiming to make self-service cash terminals more accessible for people with disabilities and seniors. According to a study, the EU is seriously lagging behind the US and Canada in bank’s cash-machines accessibility for disabled consumers, which is why t

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Visa announces plans to accelerate chip migration and adoption of mobile payments

Visa announces plans to accelerate chip migration and adoption of mobile payments

August 17, 2011 - Visa has signalled its determination to push the United States into abandoning mag-stripe cards in favour of EMV chip technology; a move it says will not only improve security but accelerate the adoption of contactless mobile payments. The clamour for America to join Europe and

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200 mil. USD per month - MasterCard reported net income growth in 2011

200 mil. USD per month – MasterCard reported net income growth in 2011

August 4, 2011 - For the six months ended June 30, 2011, MasterCard reported net income of $1.2 billion, up 28.2%. Net revenue was $3.2 billion, an increase of 18.5% versus the same period in 2010, or 16.4% on a constant currency basis. Cross-border volume growth of 18.9%, gross dollar volume

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Google to launch credit card - PayPal to move offline

Google to launch credit card – PayPal to move offline

July 22, 2011 - Non-bank competition in the payments market is set to hot up as Google launches its own credit card and PayPal expands on its bricks-and-mortar strategy. Consumer-oriented companies like Amazon.com have offered credit cards for years to drive purchases, inspire customer loyalty a

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The European ATM Security Team published its second European Fraud Update for 2011

The European ATM Security Team published its second European Fraud Update for 2011

July 21, 2011 - Skimming attacks at ATMs continue with twenty countries reporting incidents. Eight countries reported increases in such incidents, and two countries decreases, according to the second European Fraud Update for 2011 published by The European ATM Security Team (EAST). Two countries ha

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Comisia Europeana – 30 de milioane de consumatori din UE nu au cont bancar

Comisia Europeana – 30 de milioane de consumatori din UE nu au cont bancar

18 iulie, 2011 - Comisia Europeana promoveaza incluziunea financiara si recomanda statelor membre sa se asigure ca toti cetatenii vor avea acces la conturi bancare de baza, cu costuri rezonabile, indiferent de tara din cadrul UE in care isi au resedinta si de situatia lor financiara. Studii recente

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EU courts open hearing into MasterCard fees

EU courts open hearing into MasterCard fees

July 12, 2011 - MasterCard's long-running legal challenge against the European Commission's 2007 decision on the company's cross-border consumer interchange fees has been aired at the EU General Law Cout in Luxembourg, with the card scheme declaring that "the future direction of European payments

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China UnionPay and MasterCard Sign Payment Gateway Service Agreement

China UnionPay and MasterCard Sign Payment Gateway Service Agreement

July 8, 2011 – China UnionPay (UnionPay) and MasterCard Worldwide recently signed a Payment Gateway Service Agreement that will enable MasterCard’s e-commerce platform to accept UnionPay Cards. Under the agreement, both UnionPay and MasterCard will cooperate to configure their respective sys

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Intesa launched a new contactless prepaid card designed for tourists visiting Italy

Intesa launched a new contactless prepaid card designed for tourists visiting Italy

June 29, 2011 - Gemalto, the world leader in digital security, announces that Intesa Sanpaolo is deploying a new contactless prepaid card specifically designed for tourists taking part in the celebrations for the 150th anniversary of Italy’s unification this year. The bank is issuing the cards t

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