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EMVCo Introduces ‘Payment Account Reference’ to Support Tokenization

The recent release of EMVCo’s updated payment tokenization specification has added yet another element into the mix – Payment Account Reference (PAR). But what is PAR, why has it been introduced Read More →

UnionPay Takes Top Spot From Visa in $22 Trillion Global Cards Market

Having been the largest scheme worldwide for card numbers since 2010, UnionPay overtook Visa to also become the largest by value of card payments in 2015. Payment cards worldwide increase by Read More →

Nedbank Signs Deal to Acquire UnionPay Cards in South Africa

UnionPay International is proud to announce the conclusion of an agreement with Nedbank for the acceptance of UnionPay cards on Nedbank operated ATMs and point of sale (POS) terminals. This Read More →

UBA and Mastercard Announce Pan African Partnership

United Bank Africa (UBA) and Mastercard have announced a partnership which will see UBA act as the issuer for MasterCard in 18 new markets in Africa. The partnership which came Read More →

Payment Community Engagement in the Development of the EMV Specifications Increases

EMVCo, the global technical specification body, reports that participation in its Associates Programme has increased significantly over the past twelve months. Twenty-five new organisations have joined the programme, which Read More →

American Airlines, Citi, Barclaycard US, and MasterCard Announce New Credit Card Agreements

American Airlines and its partners in the AAdvantage credit card program announced new agreements to extend their relationships and continue providing AAdvantage miles and other benefits to customers. American has entered Read More →

Asia Green Development Bank – First in Myanmar to Offer EMV-certified ATM Transactions

Asia Green Development Bank Ltd. now accepts EMV-based VISA and MasterCard chipcard transactions in all its ATMs, becoming the first bank in Myanmar to offer the service, Wincor Nixdorf announced. EMV, Read More →

Number of EMV Chip Payment Cards in Global Circulation Increases to 4.8 Billion

Global technical body EMVCo reports sustained growth in the worldwide adoption of EMV chip technology. Official figures of aggregated data show that by the end of 2015, the number of Read More →

Visa Inc. Completes Acquisition of Visa Europe

Visa Inc. announced the completion of its acquisition of Visa Europe Ltd. The combined, global company provides digital payment products, services and processing to about 17,100 financial institution clients and partners, Read More →

MasterCard Speeds Chip Terminal Deployment for Merchants

MasterCard unveiled a new EMV chip terminal testing and certification program aimed at speeding chip adoption by U.S. merchants. MasterCard operates a chip terminal testing and certification process used by merchant Read More →
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