SEPA Cards Framework Approved By The EPC
Last month, the European Payments Council approved the SEPA Cards Framework, which means banks in SEPA countries can evaluate the points with a view to compliance by January 2008. Many banks want SEPA...
ICICI Bank Is Testing 1,000 EFTPOS Terminals
ICICI Bank, IndiaÆs second-largest bank with over 13 million customers, 570 branches and 2,025 ATMs, is testing payment terminals from Cadmus Technology with a view to a wider roll out. India is on th...
Contactless Cards A Lead-In To Smart Cards In US
Payment-related smart card deployments in the Americas will be driven by the mass issue of contactless payment cards in the US through 2010, according to research by Frost & Sullivan. Chase Bank USA i...
Asia Pacific Card Fraud Drops To A Historic Low
Credit card fraud in the Asia-Pacific region has fallen to three cents for every USD 100 spent, versus a global average of seven cents, new figures from Visa Asia Pacific show. The survey of payments ...
Cash Flow Features In Procurement Savings Goals
Cash flow and working capital elements featured in the procurement savings goals of less than one-third of 100 CFOs and senior financial executives that Aberdeen Group recently surveyed. Finance and p...
JapanÆs Electronic Money Use Is Gaining Traction
Electronic money and mobile payments are making headway in Japan, where about five e-money card programs are in use, but calls have been heard for unified payments mechanisms. The two main e-money car...
EMV Facilitates Secure Prepayment At The Pump
Card-based prepayment at the fuel pump can help oil retailers reduce the risk of drive-off thefts from their stations, particularly if chip & PIN technology is used to authenticate outdoor payments. B...
EPN STP 820 Standard Will Boost B2B Payments
EPN STP 820, the remittance standard for straight-through processing (STP) is gaining further traction with cash management and payments solutions providers. The standard, developed by the Electronic ...
Thieves Bypass Gas Pumps' Credit Card Readers
Credit card-activated gasoline pumps at a Prime Truck Stop station in Royse City, Florida, have been targeted by thieves who stole over USD 30,000 worth of gas and diesel over several weeks. The stati...
Banks Gearing To Take Gift Card Market Share
Just 23 per cent of all mid-sized banks offer gift or prepaid cards at present and at smaller banks, this total drops significantly, Mercator Advisory Group estimated earlier this year. To redress the...
US Healthcare Entities Automating Revenue Cycles
US hospitals such as Medical University of South Carolina (MUSC) are using enterprise-wide revenue-management solutions to improve the efficiency of their accounting processes. MUSC chose a browser-ba...
Kiosks Help To Level The Healthcare Playing Field
Credit card-enabled kiosks are helping drug stores and big-name retailers, including Wal-Mart, CVS and Target, to gain share of the US health care market. At pharmacies, prescription drug sales accoun...
Chip & PIN-Based Cards Reduce UK's Fraud Total
The UKÆs rollout of chip and PIN-secured credit and debit cards reduced fraud by almost a third in the six months to June 2005 versus the same period in 2004, according to the Chip and PIN Programme. ...
Payroll Cards A Low-Cost Alternative To Checks
With payroll check processing costing an average of USD 48 per employee, US-based banks and prepaid card providers are launching prepaid payroll cards as a secure, cost-effective option. Just this wee...
UKÆs E-Money Legislation May Speed Its Uptake
Electronic money (e-money) is defined as a prepaid form of currency stored on an electronic device, such as a plastic card, for acceptance as a payment mechanism by entities other than the issuer. Pla...
Prepayment For Gas Increases Credit Card Use
Credit card use for gasoline purchases is increasing in the US as more station operators ask customers to prepay for fuel, and motorists seek to temporarily reduce the pain of high prices. Since Augus...
Hotels Using Gift Cards To Build Brand And Loyalty
Two hotel chains, Best Western and Delta Hotels, have launched stored-value gift card programs for the year-end rush with a view to replacing pre-existing paper-based gift certificate programs. Best W...
Integrated Compliance Solutions Best For Banks
Centralized data-management platforms can help banks address Basel II and Sarbanes-Oxley requirements as both have many common elements and process duplication can be avoided. With the right enterpris...
E-Payments Growth In US Is Fueling New Initiatives
Electronic payments growth in the US is fueling bigger-picture payments initiatives such as health savings accounts, prepaid and contactless cards, which are harnessing future efficiencies. Contactles...
Germany's Consumers Take To Self-Checkouts
Consumers in Germany have taken to the self-checkouts installed at fifty Metro Group Real hypermarkets and Extra supermarkets, with half using the option each time they shop, even if serviced checkout...