Opinion on Card Processing

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Type Product title / description Pub Price
Expert View
Expert View

A slow rollout of EMV for US credit cards may benefit the prepaid sector

United Nations Federal Credit Union has launched the first credit card in the US market to feature globally valid EMV. Some issuers may well follow suit in the near term, but the process is likely to be slow given the general apathy towards EMV in the market, and the delay could allow prepaid travel cards to further differentiate themselves in the market.

Published By Datamonitor
19 May 2010
Expert View
Expert View

Atos Origin becomes top European card processor

Atos Origin has underlined its status as the largest player in the European card transaction processing sector with the acquisition of two companies owned by a group of Belgian banks.

Published By Datamonitor
21 Jul 2006
Expert View
Expert View

Australia moves one step closer to contactless payments but obstacles remain

Both MasterCard and Visa see contactless payments as the next logical step in the Australian payments industry, and by 2014 wider acceptance of contactless payments is expected to drive their usage. However, several issues are still to be addressed, pertaining to consumers, retailers, and other payment operators.

Published By Datamonitor
20 Apr 2011
CommentWire
CommentWire

Australia: card fraud to fall due to microchip technology

The latest figures from the Australian Payment Clearing Association, the payments industry regulator, reveal that the cost of payment fraud rose by 13% in 2009 to 9.4 cents per A$1,000 transacted. With the increasing implementation of microchip card technology in the country, Datamonitor expects the value of payment fraud to fall in 2010.

Published By Datamonitor
15 Jun 2010
CommentWire
CommentWire

Australia: credit card security breach is likely to affect consumer confidence

The major Australian banks have been forced to cancel and reissue more than 10,000 credit cards after a merchant was compromised. The two most heavily affected banks were CBA and Bendigo, while NAB and Westpac only had to block a small number of accounts. Security breaches such as this can damage consumer confidence, and the banks must act swiftly to appease any concerns their customers may have.

Published By Datamonitor
27 May 2011
CommentWire
CommentWire

Australia: credit card surcharges placed in the spotlight

A review has been launched by the Reserve Bank of Australia after merchants were accused of using credit card surcharges as a means of raising revenue, rather than to cover incurred costs. The review follows on from recent regulatory reforms for mortgage lenders and brokers, which suggests that the Australian financial services climate may change dramatically over the coming years.

Published By Datamonitor
09 Jun 2011
CommentWire
CommentWire

Australian credit cards: issuers' interchange plea likely to fall on deaf ears

In 2003 the Reserve Bank of Australia (RBA) enforced reforms to the credit card payment system, which reduced interchange fees. Visa and the Australian Bankers Association (ABA) are now hoping for a review of the reforms arguing that consumers could suffer in future. However, it can be argued that the changes have actually benefited consumers and therefore the RBA is unlikely to order a review.

Published By Datamonitor
17 Mar 2006
CommentWire
CommentWire

Blippy: more than just a blip on the social media radar

Blippy is a new service which allows consumers to automatically publish their card purchases in the style of social media phenomenon Twitter. The site highlights how far consumers are now willing to go for freedom of information within their digital networks. However, financial services providers have been slow to acknowledge this appetite and the opportunities which it presents.

Published By Datamonitor
25 Jan 2010
Expert View
Expert View

Card issuance boom runs against increasing popularity of mobile payments in Kenya

Mobile payments in Kenya have shown formidable growth over the past few years and are set to rapidly become the largest payment system in the country. Despite a sudden flurry of new debit cards issued in 2011, showing that there is still life in the payment cards market, mobile payments are set to overtake card payments by mid-2013 at the current rate of growth.

Published By Datamonitor
11 Jan 2012
Expert View
Expert View

Card payment terminals integral to driving forecourt efficiency

The number of forecourt retailing sites across Europe has been decreasing steadily in recent years, leaving the remaining forecourts catering to more motorists per station. Forecourt retailers not only need to consider extra retail services to increase turnover and gain market share, they must also effectively utilize payment transaction tools to drive efficiency.

Published By Datamonitor
01 Dec 2006

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