Tag Archives: Payment Cards

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 »