Tag Archives: Payment Cards

India – New and upgraded Kochi Metro cards from November

By | October 17, 2017

KOCHI: Kochi Metro Rail Limited will start issuing new and upgraded Kochi One cards from all Metro stations from November.  There have been complaints that the multipurpose Kochi One cards are not functioning in the swiping machines of commercial establishments.  “The cards are not faulty, but they have to be upgraded. More than one lakh cards are ready which… Read More »

Banca Transilvania takes the lead on the Romanian card market

By | October 13, 2017

Local lender Banca Transilvania is the largest card issuer in Romania with 3 million cards in its portfolio, and an 18.5% market share. The bank hasn’t specified how many of these are active cards. Banca Transilvania also ranks first for the volume of card transactions, with a 20% market share. The lender launched the first card in 2000.… Read More »

Malta – HSBC introduces contactless payment cards

By | October 12, 2017

HSBC Malta is introducing contactless cards, which allow customers a faster, more convenient way to pay, up to a pre-set limit of €25 per transaction. HSBC Premier Credit cardholders will be the first to benefit from this innovation before the service is extended to other customers in 2018. Instead of using cash, customers can pay by simply tapping… Read More »

Former Westpac exec fights fraudsters with Da Vinci card

By | October 10, 2017

A former senior security executive at Westpac has founded a firm that lets people put all of their cards on a single piece of plastic that generates one-time PINs for transactions. Called ScramCard, the UK startup lets users link up to eight cards, online or via an app, to their Da Vinci Choice Mastercard, which has an e-ink… Read More »

UK – Southern Vectis Introduces Contactless Payment

By | October 8, 2017

Bus passengers will find it easier to pay for travel across the Isle of Wight from now on – thanks to the introduction of contactless payments by Southern Vectis. The first of its buses to leave the depot with the new technology is a brand new ADL Enviro 400 MMC double decker vehicle. Southern Vectis Managing Director, Andrew… Read More »

Romania – New access cards for Bucharest subway available “within two weeks”

By | October 5, 2017

The new access cards for the Bucharest subway are already printed and will go on sale “within two weeks,” Marin Aldea, the general director of the capital’s subway operator Metrorex, said, quoted by Mediafax. The new access cards are required after Metrorex replaced its old turnstiles with a swing gates system, designed to work with contactless cards. The subway operator had… Read More »

Philippines – UnionBank allows users to ‘lock’ ATM cards

By | October 3, 2017

MANILA – UnionBank clients can now “lock” their ATM cards, adding another layer of security as banks tighten measures against fraud, the lender said Tuesday. A card can be locked using the bank’s mobile app and while the feature is active, its counterpart account will be inaccessible to criminals, the bank said in a statement.   “The lock… Read More »

Over 20 million merchants outside the Chinese Mainland take UnionPay service as a must-have

By | October 1, 2017

SHANGHAI, Oct. 1, 2017 /PRNewswire/ — According to China’s National Tourism Administration, China’s outbound tourism reaches its peak during this National Day and Mid-Autumn Festival, with the USA, Canada, Australia, France and Egypt being the preferred long-distance destinations. It’s reported that more than 21 million merchants and 1.5 million ATMs outside the Chinese Mainland accept UnionPay cards.  To welcome Chinese tourists, merchants are taking the acceptance of UnionPay as a significant… Read More »

CB Bank launches contactless system with Visa, Master

By | September 25, 2017

INTERNATIONAL payment service providers Visa and Master have launched a contactless payment system in collaboration with CB Bank. It aims to substitute the current cash payment system in Myanmar, U Zayar Aung, head of cards at CB Bank told The Myanmar Times. The service will allow users to make payments by just touching their debit cards and credit cards… Read More »

India – In the works, single smart card for all forms of transport

By | September 20, 2017

An integrated ticketing system, by which commuters in Mumbai can use a single smart card to travel on all forms of transport is in the works and is expected to be in place in the next two years, before two Metro lines come up in the city. “In the next two years, before the Metro corridors are commissioned,… Read More »

Bank card purchases in Hungary up 25% in Q2

By | September 18, 2017

The value of purchases made in Hungary with locally issued bank cards rose 25% year-on-year to HUF 1,066 billion in the second quarter of 2017, the National Bank of Hungary (MNB) said in a quarterly report published Friday, cited by state news agency MTI. Card holders made more and higher-value purchases in Hungary with slightly fewer bank cards… Read More »

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 »