Debit Cards

Briefs, September 17, 2012

Saudi Prince Alwaleed bin Talal

Record number of passengers at airport

Monday, 17 September, 2012, 5:06am

Alipay joins international bank for online deal

Alipay, the biggest online payments services provider in China, is ratcheting up its expansion under a landmark alliance with the mainland unit of Standard Chartered Bank.

16 Feb 2012 - 12:00am

Citigroup may soon get nod for yuan debit cards

The China Banking Regulatory Commission (CBRC) will fast-track an approval to Citigroup that will allow the United States financial conglomerate to issue yuan-denominated debit cards on the mainland.

30 Jun 2008 - 12:00am

Foreign lenders eye debit cards

Foreign lenders incorporated in the mainland are set to boost their market share following a decision by the industry regulator to allow them to issue bank cards.

The move could allow lenders including Bank of East Asia to offer potentially lucrative debit cards to account holders.

6 Jun 2007 - 12:00am

Number of chip-coded Visa cards to double

Visa International expects the number of its microchip-embedded credit cards in circulation in Hong Kong to double by the end of this year, a step it says will counter rising fraud.

James Dixon, Visa's country manager for Hong Kong and Macau, said 1 million of the 8 million Visa cards issued in Hong Kong were chip cards.

7 Feb 2007 - 12:00am

Credit cards are annoying and useless

In the past, purchasing goods was done in many ways including through the exchange of shells.

Today paper money, coins and credit cards are used.

Through using modern types of payment such as credit cards, people's power to consume is increased.

2 Jan 2001 - 12:00am

Tasteless card

The new design of the senior citizen's card has two cartoon characters on the card.

This card is supposed to give dignity to pensioners, but cartoon characters hardly denote dignity.

The cartoon drawings make a joke of senior citizens.

26 Jul 2000 - 12:00am

Denmark ignores credit card culture

By simply slipping a Danish credit card into an automatic teller machine and tapping in the password, money is automatically dispensed.

There is no need for the card holder's signature - the transaction is completed with a receipt.

Using a credit card in Denmark is as easy as in Hong Kong. Or so it seems.

19 Mar 1997 - 12:00am

On the cards

China Construction Bank (CCB) and Visa International have launched CCB's Interlink programme, which uses the Visa Interlink Dragon debit card to cater to prevailing consumer patterns of spending the amount that is 'in their wallet'.

17 Sep 1996 - 12:00am

IBA offers debit card service

International Bank of Asia (IBA) and Visa International have launched Visa Interlink, a facility which enables Visa card-holders to use their cards overseas as a debit card.

The Visa Interlink facility will be be available to IBA customers in two phases.

5 Sep 1996 - 12:00am

Electronic system for business purchases

CREDIT card issuer Visa has introduced a corporate purchasing system, Visa Purchasing, which it says can offer savings in costs.

Companies can carry out their purchasing as though they are using their own corporate Visa cards, according to the company.

17 Oct 1995 - 12:00am

Protection call for credit card users

THE Consumer Council has been urged to step up protection for credit card users frequently asked to pay surcharges and handling fees by shops and travel agents.

The Association for Democracy and People's Livelihood (ADPL) polled 22 travel agents and found 11 imposed surcharges on credit card users.

18 Apr 1995 - 12:00am

Standard Chartered issues debit cards

STANDARD Chartered Bank is the latest in Hong Kong to venture into the realm of the cashless society by issuing debit cards with international coverage.

Through MasterCard International, the bank is allowing card holders instant access to their bank accounts to settle retail purchases and draw cash around the world.

17 Jan 1995 - 12:00am

Banks set to issue cards

THE Bank of China and the People's Construction Bank of China are to become the first financial institutions in the mainland to acquire the right to issue Maestro and Cirrus cards.

More than six million Chinese consumers could be using the new global on-line debit cards from MasterCard by the end of the first quarter of next year.

19 Nov 1994 - 12:00am

Money notes

GOOD exposure to Asian equities and a solid stake in global bonds boosted the performance of CIGNA's Investment Growth Fund by 15.25 per cent for the 12 months to May 31.

According to general manager Paul Hartly, the fund has returned 60 per cent to unit-holders since its March 1987 launch, reflecting the opportunities offered by flexible, long-term investment vehicles.

25 Jul 1993 - 12:00am