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US issuers re-assess hybrid products

US issuers re-assess hybrid products

New credit card products may help issuers retain customers, but in the new interchange environment, debit cards have to remain a part of the product set.The new, post-Durbin, regulatory landscape has issuers in the United States rethinking product design, and reconsidering hybrid card offerings

 

 


 

Cards and Payments News

MasterCard boosts Utiba’s Converging Payments

MasterCard has put its weight behind the Singaporean mobile payments company Utiba to roll out a converging payments strategy. This strategy aims to bring “banking services to the underbanked segments of the world,” said Utiba’s Co-CEO Richard Matotek.

Movida: New m-payment platform in India

Monitise and Visa’s joint venture in India Movida expects to roll out a new mobile payments platform this year. Movida sealed a deal with India’s second largest bank HDFC which initially enables a selected number of its customers to make basic payments with their mobile phones.

Visa goes into Kenya for P2P m-remittances

Visa is going to launch an open-to-all networks cross-border mobile money transfers platform in Kenya later this year.

 

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Analysis and Comment

Company profile: iZettle

Company profile: iZettle

Sweden is the world’s most successful country in implementing new technologies and using them for economic and social growth. Alternatives to card payments are abundant, but one in particular as caused a storm: iZettle. Duygu Tavan profiles a company that has widely been described as a better alternative to Square

Google Wallet hit by vulnerability claims

Google Wallet hit by vulnerability claims

Sooner or later, it was going to happen, and now it has: Google wallet has had to defend the security of its wallet when a senior engineer at a Colorado, US-based security firm developed an app that can crack the four-digit PIN of the wallet.Free

Finovate: Who to look out for

Finovate: Who to look out for

Cards International attended Finovate Europe on 7 February and some noteworthy start-ups and other edgy companies paraded their solutions they believe will change the world cards and payments. We take a look at who is hot and whom you should look out for in 2012.

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