Opinion on Debit Cards

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Type Product title / description Pub Price
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Security concerns unwelcome but lack of promotion also acts as a barrier to contactless adoption

NFC-enabled handsets can be adapted to take data from Barclays-issued Visa cards, allowing fraudsters to make purchases on websites that do not ask for secure data such as the CVV code. This is a wake-up call for Barclays that it must secure these data, possibly via encryption. After this, issuers must do more to promote the safety and benefits of contactless cards in order to boost adoption.

Published By Datamonitor
03 Apr 2012
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Banorte targets the underbanked in Mexico using its new mobile-based program

Mexican bank Banorte has announced plans to launch a mobile-based financial services program aimed at consumers currently without access to banking services in the country. The scheme will combine a deposit account with the bank alongside a MasterCard debit card, and can be opened online. Other features include the ability to send funds from one account to another using only a mobile phone.

Published By Datamonitor
25 Jan 2012
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Visa announces UK contactless rollout ahead of schedule, but the market still faces numerous hurdles

Visa Europe recently announced that the number of its PayWave cards in issue is growing more quickly than expected, and claimed that there will be further growth as more issuers enter the contactless space. While this is a positive sign, overall card numbers are still comparatively low, while merchant acceptance remains very weak: the market is far from reaching a tipping point.

Published By Datamonitor
09 Jul 2010

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