Coronavirus: JCC raises limit for contactless payment
JCC announced on Tuesday that it will raise the limit from €20 to €50 before a pin number has to be used for payments made...
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JCC strike called off but Hellenic bank’s one will go ahead
Workers at card processing company JCC called off a strike on Wednesday after the management granted them the annual raise and cost of living allowance...
Bank employees’ unions ‘sending clear message’ with strike action (Updated)
Bank employees’ union Etyk intends to send a clear message to the management of Hellenic Bank by staging a work stoppage on Friday, an announcement...
Credit-card use soars in first eight months
The use of credit cards soared between January and August, figures released by JCC on Wednesday showed, while a significant increase was recorded in the...
Administrative Court cancels watchdog’s €18.1m fine on BoC
By Stelios Orphanides The Administrative Court cancelled a decision of the competition watchdog to fine JCC Payment Systems €1.7m and Bank of Cyprus €18.1m, citing...
Card use up 9% in January, JCC says
The use of plastic money rose 9 per cent in January to €227.1m compared to the respective month of 2016, the payment processing joint venture...
Plastic money transactions up 13% in 2017
By Stelios Orphanides Plastic money became more popular last year with card transactions 13 per cent up on 2016 reaching a total of €2.7bn, said...
Plastic money transactions rise 17% in August, JCC says
The amount of transactions completed with the use of cards rose in August 17 per cent to €223.2m compared with the respective month of 2016,...
Plastic money transactions up 16% in July, JCC says
The value of transactions completed with plastic money rose 16 per cent in July to €250.4m compared with the respective month of 2016, JCC Payment...
Plastic money transactions up 12% in June, JCC says
The value of transactions using plastic money rose an annual 12 per cent in June to €230.4m, JCC Payment Systems Ltd, a joint venture of...
Plastic money transactions up 21% in May, JCC says
The value of transactions with plastic money rose 21 per cent last month compared to the respective month of 2016 to over €201.1m, JCC Payment...
BoC to contest competition watchdog’s €18m fine
Bank of Cyprus said it disagrees with the decision of the competition watchdog which fined the lender €18m on Monday citing abuse of dominant market...
Credit card transactions surge 15% in March
The value of transactions Cypriots carried out in Cyprus in March with the use of plastic money rose 15 per cent to €225.8m compared to...
JCC glitch causes hassle for Saturday shoppers (Updated)
Consumers experienced problems with paying with their credit cards in shops on Saturday morning as it appears that the system of the JCC payment system...
Plastic money use up 7% in January, JCC says
By Stelios Orphanides The value of plastic money transactions by Cypriots increased an by 7 per cent in January to €212.2m, compared to last year,...
Card payments drop in November on IPT discount, JCC says
The value of transactions with of plastic money dropped in November an annual 5 per cent to €193.3m mainly on reduced property tax payments, payment...
October plastic money use drops 8% on IPT discount
The parliament’s decision to reduce the immovable property tax rate resulted in an 8 per cent slump in domestic transactions in October, with the use...
Use of credit cards rises 11% in September, JCC says
The value of retail purchases in Cyprus by Cypriots using plastic money rose in September an annual 11 per cent to €197.1m, JCC Payments System...
Credit card spending in north and Turkey at €6m so far this year, Turkish Cypriots spent €14m in island’s south
More than €6m was spent in the north and in Turkey on credit cards issued in the government controlled areas of the Republic of Cyprus...
Plastic money use drops 5% in May, JCC says
By Stelios Orphanides Cypriots spent €165.9m for purchases in Cyprus using credit or debit card in May, 5 per cent less than May 2015, payment...
