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Apple receives patent for m-payments

Apple receives patent for m-payments

Apple has been granted a patent for setting parental controls on mobile payment apps.Free

Zambia: e-payments in transport

Zambia: e-payments in transport

Zambia’s Road Transport and Safety Agency RTSA is considering the introduction of electronic payments on cabs and for driving licenses, according to the Zambia National Broadcasting Corporation (ZNBC).Free

HSBC assigns Dovetail for SEPA credit transfers

HSBC assigns Dovetail for SEPA credit transfers

HSBC has chosen payment service provider Dovetail to process SEPA Credit and Debit Transfers.Free

Italy goes ahead with petrol merchant fee cap

Italy goes ahead with petrol merchant fee cap

Italy’s government has gone ahead with a zero service charge cap for acquirers of petrol merchants – weeks after saying the merchant acquiring industry in Italy would have to define its own level of fees.

EBA adds extra settlement cycles to STEP2 SCTs

EBA adds extra settlement cycles to STEP2 SCTs

EBA Clearing has added three new settlement cycles to its STEP2 SEPA Credit Transfer (SCT) service.Free

Korean credit card charge rates under revision

Korean credit card charge rates under revision

Korea’s National Assembly has unveiled plans to revise the Credit Finance Business Act, which directly affects the credit cards sector. This follows on from a warning in March 2011, when the Financial Supervisory Service warned the industry about potential lack of risk controls as players focused too much on market share

HSBC Kuwait starts RMB settlement service

HSBC Kuwait starts RMB settlement service

HSBC Kuwait has launched an RMB clearing service which it said will allow Kuwaiti corporate and institutional clients to trade and settle payments in the Chinese currency offshoreFree

The death of a merchant acquirer?

The death of a merchant acquirer?

No European economy is riding high at the moment, but Italy in particular has been attracting a number of negative news stories recently. These range from the tragic sinking of the Costa Concordia to the hilarious (unless you’re Italian) exploits of Silvio Berlusconi. But it is the new government’s approach to merchant acquiring that has caught the attention of Duygu Tavan

Technology’s growing role in stemming corporate payment fraud

Technology’s growing role in stemming corporate payment fraud

The increasing automation of business payments is opening up opportunities for fraudsters both inside and outside corporations. Due to the growing volume of electronic transactions and lower levels of accounts payable staffing, payment fraud can go undetected for longer. Robin Arnfield reports

VTB Bank grows treasury business with new contract

VTB Bank grows treasury business with new contract

The implementation means that RosTek will be able to receive information on the state of its accounts instantly, along with the accounts of its subsidiaries, and remotely manage these accounts via electronic channels offered by VTB.Free


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