Jordan’s International Cards Company (ICC) has inked a deal to issue UnionPay cards next year. This is the first UnionPay card in Jordan.
China’s UnionPay has become the only international bankcard association offering Chinese Visa application VIP express service. UnionPay cardholders can apply at the Chinese Visa Application Service Centers in five cities in Australia, namely Sidney, Melbourne, Canberra, Brisbane and Perth. This service will substantially shorten the processing time, and will soon be rolled out in some of the other countries where UnionPay cards have been issued.
Capital One’s third quarter earnings were relatively good as the company delivered a 1.43% return on average assets (ROAA), up from the sequential quarter which was impacted by a large restructuring charge, but down 8 basis points from the year-ago quarter.
CardWeb.com’s CardPixes database of more than 7,000 images today features the BPI Family Credit Card MasterCard.
Expertus cloud based payment services renewed its CSAE 3416 and SSAE 16 type II certifications. These internationally recognized audits ensures that Expertus’ controls related to financial, information and security adhere to accreditation requirements and industry best practices. Expertus understands the ever-increasing compliance burdens facing customers operating online. These accreditations reflect controls that are in place during the aforementioned period of time, and help to shift some of their financial reporting burden from customers to Expertus, allowing customers to use the certification report to satisfy their own auditors.
InterWallet entered into an agreement to place 1,000 of its multi-functional kiosks with Open Payment Solutions, LLC. InterWallet manufactures cutting edge ATM like kiosks capable of providing a multitude of services to mainstream America including access to 10,000 Billers (bill pay), Phone Cards, Pre Paid Debit Cards, Movie and Show tickets as well as the capability to offer a multitude of services to the under banked and un-banked.
JPMorgan Chase & Co reported net income for the 4th Quarter 2013 at $5.3 billion. This was a slight increase from 4th Q 2012 which was reported at $5.2 billion. Revenue for the quarter was down 1% to $24 billion compared to the same period in 2012. Legal costs associated with a number of issues was noted as a reason for the drop in profits. Adjusted for the significant items disclosed in our earnings press releases this quarter and in the fourth quarter of 2012, EPS would have been $1.40 this year compared with $1.35 in the prior year and ROTCE would have been 15% this year, flat compared with the prior year.
FIS posted 2Q/13 revenue up 3.8% to $1.51 billion from $1.46 billion in 2Q/12. These results included debt refinancing costs and an adjustment related to the December 2010 acquisition of Capco, FIS’ global consulting business. Revenue was up 3.7% on an organic basis compared to the second quarter of 2012, which excludes the impact of…
hyperWALLET global payment solutions made available new payment services and increased global payment network reach. hyperWALLET has added faster payment services, or same day clearing, in the United Kingdom, Europe and Mexico through financial partners in the UK, Germany and Mexico using the SPEI network. This is part of the hyperWALLET international expansion it is experiencing worldwide.
PayLane now allows shops built on Magento and osCommerce platforms to accept credit and debit cards, PayPal, Giropay, iDEAL and many more, and accept payments in 160 currencies from over 50 countries all over the world. The installation of the plugin takes only a few minutes and allows PayLane clients to process payments instantly. PayLane now offers a plugin for WordPress, which is a platform best known among bloggers. Both the platform and the plugin differ from standard e-commerce solutions. Using the PayLane plugin allows to prepare an easy-to-use system that enables readers to make a payment for a fixed-price service, product, access to the website content or to make a donation, for example by creating a custom button, such as “Donate” or “Pay”. Anyone who visits the Wordpress website will be able to make a payment or donation.
Auriga, among the main European suppliers of software and solutions for the banking industry and payments system, unveiled its new Cloud-based ATM concepts at ATMIA 2012, the European ATMs conference in London. The company showcased the latest release of WWS, its ATM management solution based on Cloud Computing, which brings together, on central servers, all…
The number of payment cards, categorized as credit and debit cards, is increasing rapidly in India. With increasing number of credit card holders and rising consumer confidence regarding credit card purchase, the transaction value of credit cards in India is forecasted to increase at a CAGR of around 8% during FY 2011-2013, according to a RNCOS research report, “Indian Payment Card Market Forecast to 2012.” This growth will be largely attributed to the improving credit card payment infrastructure in the country, with most of the merchants accepting credit card payments at POS terminals. Banks have also tightened their rules of issuing credit cards on account of increasing fraud cases, which have also helped in improving the credit card infrastructure in the country. While the Reserve Bank of India has imposed several restrictions on the foreign banks, there are no such restrictions on credit card companies, so these banks dominate the Indian credit card market.