The second co-branded debit card in Eastern Europe, using the Cirrus/Maestro debit card system as its base, will roll out this morning. The Latvian unit of Norwegian Statoil will announce the new debit card program with Unibanka today. Unibanka already issues co-branded debit cards for Lattelekom, a Finnish telecom monopoly. Statoil has more than 73 service stations in the Baltic states.
Chase Manhattan has withdrawn from the credit card market in Mexico following the sale last week of its credit card portfolio in Mexico to Banorte. Reportedly the sale price was 70 million pesos. Chase indicated Friday it is focusing on its corporate banking services in Mexico.
Japan’s Oki Electric Industry Co. has launched a marketing campaign for its new multipurpose ATM that can be used for electronic-commerce transactions. The new ‘CP 21’ is designed to go beyond typical banking services to settle smart cards, debit cards or e-commerce transactions.Details