Tag Archives: Payment Cards

VTB Bank (Armenia) and MasterCard to issue PayPass cards

By | August 16, 2017

YEREVAN, August 16. /ARKA/. VTB Bank (Armenia) is the first bank in the country to issue MasterCard PayPass contactless payment cards. “The unique technology of PayPass is one of the most modern, fast, affordable and reliable ways of making card payments around the world,” the bank said in a press release.  It said  MasterCard PayPass payment cards have… Read More »

BOV set to launch contactless cards

By | August 13, 2017

Paying with a BOV card at retail outlets is set to become easier with the introduction of contactless cards. Over the past months, Bank of Valletta has introduced new electronic point of sale devices at retail outlets and establishments. These new devices are enabled to accept contactless card payments. “Contactless cards are the latest innovation in card payments,”… Read More »

Vietnam – Saigon Co.op, VietinBank sign far-reaching deal

By | August 11, 2017

  HCM CITY — The Saigon Union of Trading Co-operatives (Saigon Co.op) and VietinBank have signed an agreement to leverage their respective strengths to benefit tens of millions of customers. VietinBank will offer Saigon Co.op modern banking services, financing for its projects, working capital, cash flow management, collection, payroll and card payment services, and others. At the signing event… Read More »

Somerset Waste Partnership ton only accept card payments from next month

By | August 8, 2017

THE old saying ‘Where there’s muck there’s brass’ is being put to bed across Somerset next month. The county’s 16 recycling sites will switch to operate cash-free and cheque-free from Friday, September 1, with almost all payments taken only on credit, debit and charge cards. The only exceptions will be the £2 cash entry fees for Crewkerne and Dulverton community recycling sites,… Read More »

Foreign cards on horizon, may woo Chinese users

By | August 8, 2017

Foreign debit and credit card companies face a long fight with local electronic payment market leader UnionPay as industry supervision is still evolving and customer needs are diverse, experts said.   US card network Visa has applied for a license from China’s central bank to operate in the Chinese market, it said in an email on Friday. MasterCard,… Read More »

India – Chennai Metro Rail to introduce contactless smart cards

By | July 31, 2017

CHENNAI: Metro rail commuters in Chennai could soon walk into any station and take a train without making the effort of swiping their smart cards or waiting in queues at the ticket counters to buy tokens. Chennai Metro Rail is in the process of introducing contactless smart cards, where commuters can simply walk in through scanner gates with a tiny chip or… Read More »

Philippines – BDO JCB Platinum Credit Card Launch

By | July 27, 2017

Manila, Philippines and Tokyo, Japan, July 27, 2017 – (ACN Newswire) – JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., (referred to below as “JCB”) announced the launch of the first JCB Platinum Credit Card in the Philippines issued by BDO Unibank, Inc. (BDO), the largest bank in the country. The new high-end… Read More »

UCPB shifts to EMV chip-based cards; to deactivate old, magnetic-striped cards by August 1

By | July 22, 2017

DAVAO CITY, Philippines—Out with old, in with the new. The United Coconut Planters Bank, one of the largest banks in the Philippines, announced that it will be using the Europay, Mastercard, VISA debit card which is the global standard for payment card security. As the bank shifts to an EMV chip-based cards, it further announced that it would… Read More »

Debit Cards Knock off Cash as No. 1 Payment Method in U.K.

By | July 12, 2017

Cash is no longer king in the U.K., according to the British Retail Consortium’s (BRC) annual Payments Survey, which found that debit card transactions accounted for almost 43 percent of all retail transactions in 2016, overtaking cash, which accounted for 42 percent of all retail transactions, for the first time. Falling average transaction values in debit and credit… Read More »

India – Kochi-One smart card to be launched on June 17

By | June 11, 2017

The much awaited multi-purpose Kochi-One smart card for commuters will be launched during the inaugural function of the Metro project on June 17. The passengers can use the co-branded cards for taking various modes of transport including private buses, boats and also for mercantile and internet transactions. It can be linked to any bank account of the user… Read More »

3 Things to Know About the Mastercard Biometric Card

By | April 20, 2017

Today, Mastercard unveiled the next-generation biometric card. The cardholder dips the card into a retailer’s terminal while placing their finger on the embedded sensor. The fingerprint is verified against the template and – if the biometrics match – the cardholder is successfully authenticated and the transaction can then be approved with the card never leaving the consumer’s hand.… Read More »

Mastercard Reveals Credit Card With Biometric Fingerprint Scanner

By | April 20, 2017

Credit card users may soon be able to make transactions without the PIN they are expected to remember, after Mastercard revealed a credit card featuring a biometric fingerprint scanner. The company had introduced the payments card in South Africa, following successful trials with a local bank and retailer which do not require its owner to enter a four-digit… Read More »

Changes in European Payment Card Products: Not Always as Expected

By | March 28, 2017

First Annapolis has been closely monitoring European payment card products since October 2015 to identify issuers’ reactions to interchange regulation implemented in December 2015, and to track the evolution of product offerings and pricing. Twice a year, we review the payment card products offered by the largest issuers in 15 European countries, totaling 78 issuers and around 1,000 debit,… Read More »

UnionPay Signs Agreement with DIBP for NFC, EMV Card

By | March 18, 2017

UnionPay International, the Global Leading Payment Network and Dubai Islamic Bank Pakistan (DIBP), Pakistan’s premier banking institution have entered into a historic agreement to issue UnionPay QuickPass (NFC) and EMV Chip Cards in Pakistan. With this initiative, DIBP will become the first Islamic bank in Pakistan to issue UnionPay QuickPass (NFC) enabled cards to its customers that allow… Read More »