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Interac’s battle for survival

Interac’s battle for survival

The future of Interac, Canada’s domestic debit scheme, is under threat. It is predicted the business will lose 30 percent of its market share in the next five years. If it is to survive in an increasingly competitive market, Canada’s regulators must allow it to become a for-profit business

 

Cards and Payments News

UK public transport card in pipleline

Seamless travel across public transport in Britain using one credit card-sized smart card could be launched “within a few years”.Free

Indian retailers fight back on interchange

Retailers in India say they would be more willing to accept debit card payments if interchange fees on transactions were reduced.Free

Mint secures $3m investment, targets Middle East prepaid payroll market

Kuwait-based investment company Noor Telecom has signed an investment deal worth $3m with prepaid card provider Mint Middle East.Free

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Analysis and Comment

Kenya: A launchpad for financial inclusion

Kenya: A launchpad for financial inclusion

Research conducted by Cards International on Kenya indicates mobile will surpass debit as the country’s preferred payment option by the end of this year. Will Cain looks at the country's e-payments revolution

Prepaid is no get-rich quick - Visa head

Prepaid is no get-rich quick - Visa head

The prepaid card industry needs to shed its get-rich-quick image and focus more on innovation and educating customers about its advantages. So says Fiona Duncan, head of prepaid at Visa Europe

Durbin change could wipe out debit profit

Durbin change could wipe out debit profit

The Durbin amendment, which would give the Federal Reserve rights to limit interchange fees for debit card transactions in the US, is close to becoming law.

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