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The French domestic card scheme, Groupement des Cartes Bancaires (CB), is planning to introduce biometric payment based on fingerprints before the end of 2014. CB is working with the National Security Alliance industry body in order to introduce chip-based biometric functionality embedded into a keyfob, and has also outlined plans to integrate chips into micro-SD [...]
While much of the debate around European card regulation and interchange focuses on Visa and MasterCard, how will three-party schemes fare under proposed legislation? The July 2013 publication of European Commission (EC) draft legislation concerning card payments and interchange has had many ongoing ramifications for payment networks in Europe. Joel van Arsdale, a partner at [...]
By the end of 2015, 70% of US credit cards and 41% of US debit cards will be EMV enabled, says Aite Group. In a new research report, EMV: Lessons Learned and the US Outlook, takes a look at the migratory experiences of five countries that preceded the United States in adopting the EMV standard: [...]
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The UK Payments Council has published figures showing that 19.9 billion cash payments worth a total of £260 billion were made during 2013, comprising 52% of all payments. The Council’s figures stand in stark contrast to data published earlier this week from the British Retail Consortium and the UK Cards Association, which both reported a [...]
A gold bullion vault operator on the Isle of Man in the British Isles is to issue a credit card made of solid gold. The 14-carat Visa gold card from IMGold will be offered to clients who have at least £100,000 of the metal bars in their vault. The card will allow customers to borrow [...]