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Within two years, Maestro-branded cards will be collectors’ items in the UK, a key global market. News leaked out in mid-September that Royal Bank of Scotland, the last remaining issuer of Maestro of any consequence in the UK, will begin to issue Visa debit cards to its UK and US customers during H2 2009. RBS/NatWest [...]

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Payments News -

Writing in the 2007 annual report of Servired, the biggest of Spain’s three domestic card payment systems and the one traditionally most aligned with Visa, president José Gabieras sums up the bank payments industry as ‘in a very peculiar state” now that the two former not-for-profit associations, Visa and MasterCard, have become ‘two duopolists trading [...]

The post Making the case for Visa Europe appeared first on Payments Cards & Mobile.

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Payments News -

Though there have been attempts to reshape the German banking market for many years, real change has accelerated during 2008, with three key deals announced worth nearly €17.5 billion (Table 1). These were Crédit Mutuel’s €4.9 billion purchase of Citibank’s German retail banking operations, the €9.8 billion purchase of Dresdner Bank by Commerzbank and Deutsche [...]

The post New credit card champions appeared first on Payments Cards & Mobile.

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Payments News -

The planned merger of Lloyds TSB and HBOS will create a UK retail banking champion, with the combined group holding a market share of over 30% in current account and mortgages. The new group will also edge Barclaycard out of its top spot in credit cards, just at a time when the UK market is [...]

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Payments News -

Interchange is no longer the simple, consistent structure that it once was. Today, interchange within the SEPA area and in many domestic markets is made up of more than a hundred rates across multiple dimensions. Interchange complexity introduces both risk and opportunity for acquirers, which makes interchange management a fundamental capability for all acquirers to [...]

The post Lessons from US acquirers’ interchange practices appeared first on Payments Cards & Mobile.

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