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August 2008 Issue
By Dan BalabanJuly 17 -
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- PSO content
Jane Hennessy, senior vice president for strategy and marketing for the international division of Wells Fargo Bank, has a problem when she competes against such large U.S. rivals as Citigroup and JPMorgan Chase & Co. for business with multinational corporations.
By Dan BalabanMarch 1 - PSO content
As European banks continue to move their payment cards to smart cards to secure their cash dispensers and the point of sale, a small but growing number of them are pressing the cards into double duty to safeguard Internet transactions.
By Dan BalabanMarch 1 - PSO content
When Japan’s largest mobile-network operator, NTT DoCoMo, launched its own credit brand in late 2005, following a nearly US$1 billion investment in the country’s No. 2 credit card issuer, banks and payment card organizations looked on nervously. One executive from the telecommunication company boasted the brand would become the “Visa International†of mobile payment.
By Dan BalabanFebruary 1 - PSO content
The mobile-payment trial announced last September in Taiwan was to be a coming-out party of sorts for Visa Inc.’s much-touted mobile platform. But the party got started a bit late, says Chunghwa Telecom, Taiwan’s largest mobile operator and one of Visa’s main partners on the contactless Near Field Communication project.
By Dan BalabanJanuary 1 - PSO content
London public transit authority Transport for London is evaluating whether to accept bank-issued contactless payment cards on subways, buses and other modes of transit in and around the British capital.
By Dan BalabanDecember 1 - PSO content
London is going contactless in 2008. At least 500,000 cardholders and perhaps 1,000 merchants will be involved in the rollout.
By Dan BalabanApril 1 - PSO content
It is difficult to find an ATM in Japan that accepts international cards, but the dispensers are very welcoming to Japanese banking customers. At most machines, individuals can withdraw 3 million to 5 million yen (US 30,000 to 50,000) per day. Although Japanese rarely take out this much cash, or spend it, the fact banks place few limits on their withdrawals illustrates just how much cash dominates at the point of sale.
By Dan BalabanJune 1
