Verisign is to sell its authentication business and its technology that is used to make payment card transactions secure to Symantec for $1.28 billion.
New Zealand cracks down on late payment fees
New Zealand’s Commerce Commission has taken action regarding credit card late payment fees and has written to a number of issuers to advise them on what it deems to be reasonable.
Canada sets out Code of Conduct
Canada’s Department of Finance has finalised its Code of Conduct for the credit and debit cards industry.
HDFC begins EMV rollout
India’s HDFC Bank has announced the introduction of EMV chip cards to its portfolio in an effort to safeguard its customers against fraud.
Nice becomes NFC city
A number of players have launched an initiative in Nice, France, that enables consumers to use contactless payments on their mobile phones around the city.
Malaysia’s Maxis teams up with PayPal
Malaysian internet technology and communications company Maxis has teamed up with PayPal in order to make payments simpler and more convenient for its customers.
Fed creates database of credit agreements
The US Federal Reserve Board has created a database of consumer credit card agreements from more than 300 credit card issuers.
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