Credit cards
EPC outlines new models for mobile payments
European Payments Council requests feedback on new model for contactless and remote mobile payments in Europe; focuses on the preferred type of secure-elements technology used in mobile phones
Tajikistan announces enhanced payments systems
National Bank of Tajikistan launches national processing centre' striving to bring banking services up to date
Interview: Gerard Hartsink
European Payments Council chairman Gerard Hartsink tells Yusuf Yassin he welcomes the decision to set end-dates for Sepa migration, but says concerns about the regulation, raised in October, remain
ECB report urges progress on Sepa card payments migration
European Central Bank study says considerable effort is still needed to achieve an integrated European market for card payments
Cash is still king in low-value transactions: Bank of Canada paper
Bank of Canada study shows cash is still used intensively for low-value transactions due to its speed, merchant acceptance and low costs
Household debts significantly under-reported in surveys: NY Fed paper
New York Federal Reserve study finds substantial gap in credit card debt reporting between consumer surveys and official credit reports
ECB paper reviews euro area credit card interchange fees
European Central Bank study calls for fresh look at credit card interchange fees in euro area
RBI’s revised securitisation guidelines could ‘kill’ Indian market
Latest Reserve Bank of India revised draft guidelines for securitised transactions draw criticism; one lawyer says the rules would "nearly kill" securitisation in the country
NBD paper assesses impact of credit card surcharge on cash payments
National Bank of Denmark study shows new credit card surcharge did not cause shift towards greater cash payments
Non-cash payments growth slows
World Payments Report 2011 finds slower growth in non-cash payments; key regulatory and industry initiatives are combining to gradually transform the payments landscape
Atlanta Fed welcomes faster card chip migration
Atlanta Federal Reserve says decision by credit card companies to accelerate chip migration will provide roadmap for merchants
Kazakhstan reports large decline in credit card fraud
National Bank of Kazakhstan says there was a 25.4% decline in credit card fraud cases in 2010
Online banking poses challenges: RBI’s Padmanabhan
New executive director responsible for the IT, payment and settlement systems and foreign exchange department discusses challenges of online and telephone banking
Hong Kong strengthens security for ATMs
Automatic teller machines will use chip-based technology to help cut fraud; magnetic strips on cards will still work for foreign transactions
Bankruptcy does not exclude consumers from credit markets: Fed paper
Federal Reserve study finds evidence that bankruptcy filers are not excluded from unsecured credit markets but usually pay a higher premium for finance
Cash has a future: Sweden’s Nyberg
Riksbank deputy governor Lars Nyberg predicts cash will continue to be used for payment despite decline in usage
Indonesia issues tough sanctions for Citibank
Bank Indonesia bans Citi from opening branches for a year
Consumers move back to cash payments: Boston Fed paper
Boston Federal Reserve study finds evidence of decline in credit and debit card usage and increase in cash payments during financial crisis
Bank of England - Credit Conditions Survey (Q1 2011)
Bank of England 2011 Q1 Credit Conditions Survey reports little change in credit to households and firms
ECB paper on credit card users under binding constraints
European Central Bank shows credit card users are insensitive to interest rate rises on transactions
Credit card transactions rise: HKMA lending survey
Results of Hong Kong Monetary Authority Fourth Quarter 2010 Credit Card Lending Survey show increase in credit card transactions
Electronic methods leading growth of cashless payments in the US, says Fed study
Federal Reserve study shows number of cashless payments has grown, with debit card, automated clearinghouse transactions leading the way
Credit card rewards boost spending: Chicago Fed
Chicago Federal Reserve study shows that credit card cash-back rewards can boost spending but effect on total consumption is relatively minor
Philippines’ Tentangco on launch of new ATM project
Central Bank of the Philippines governor Amando Tetangco says new ATM project will create more compatibility