Credit Cards

Why traditional card scheme acquiring will not work in Pakistan

In Pakistan there are four payment gateways: HBL’s CyberSource (VISA) MCB MIGS (MasterCard) UBL’s payment gateway that gets routed via a processor in Dubai Bank Alfalah MIGS (MasterCard) There was an effort by NIB Bank to acquire MIGS processing services, but VISA would not give acquiring rights to NIB. Infact VISA has made it clear, …

Why traditional card scheme acquiring will not work in Pakistan Read More »

Finextra: Finextra news: Russian central bank issues new payment cards to take on Visa and MasterCard

Finextra: Thirty-five Russian banks have agreed to participate in the launch of a new national payments card intended to challenge the dominance of Visa and MasterCard. Source: Finextra: Finextra news: Russian central bank issues new payment cards to take on Visa and MasterCard From Russia with Love? Who knows. Russia just launched its on Mir card, …

Finextra: Finextra news: Russian central bank issues new payment cards to take on Visa and MasterCard Read More »

How Apple’s Trojan horse will eat the credit card industry – The Washington Post

Apple Pay doesn’t look like much now. Here’s why that will change. Source: How Apple’s Trojan horse will eat the credit card industry – The Washington Post Great article by Vivek Wadhwa of WAPO. I can’t help but chuckle at what’s coming. Apple is a company that will go to any lengths to champion it …

How Apple’s Trojan horse will eat the credit card industry – The Washington Post Read More »

Scroll to Top