Fifth Third Bancorp has announced a strategic relationship with Mastercard and AvidXchange to bring a best-in-class automated accounts payable solution to Fifth Third Bank’s clients. The collaboration is one of several recent business relationships with a financial technology company intended to bring efficiency and innovative digital solutions to clients. As part of the relationship, Fifth Third
BankservAfrica is a key participant at this year’s global financial industry forum, Sibos, to not only take Africa payments systems learnings to a global community, but to also better understand how other developing economies are embracing digital transformation and modernisation in the payments industry. Hosted in Toronto, Canada from 16-18 October 2017, Sibos is the
BankservAfrica is a key participant at this year’s global financial industry forum, Sibos, to not only take Africa payments systems learnings to a global community, but to also better understand how other developing economies are embracing digital transformation and modernisation in the payments industry. Hosted in Toronto, Canada from 16-18 October 2017, Sibos is the
Smartphones are the new hub from which tech-savvy consumers run their financial lives. In the developed world, bank branches are closing at an accelerated rate due to a decline in the use of cash and the huge uptake of digital payment systems. In the UK, the number of physical branches has more than halved since
The issues of the South African Social Security Agency (SASSA) expiry card has brought a lot of uncertainty among social grant beneficiaries who are now living in fear of what will happen when the card expires on 31 December 2017. SASSA would like to assure beneficiaries of social grants that the matter has been dealt
ACI Worldwide, a global provider of real-time electronic payment and banking solutions, has announced the next generation of fraud protection with its UP Payments Risk Management solution. Through state-of-the-art adaptive machine learning and an unrivalled approach to shared intelligence, the real-time payments fraud protection solution delivers banks, intermediaries, merchants and telcos the industry’s most powerful
Wirecard, the leading global specialist for digital payment solutions and internet technology, cooperates with Twisto to provide contactless payments via credit cards and wristbands at the point of sale (POS) in the Czech Republic. Twisto is the first FinTech providing physical credit card payments in the region. The company was awarded as “Best European Payments
Visa has announced that the results of an independent study conducted by Roubini ThoughtLab and commissioned by Visa examining the economic impact of increasing the use of digital payments in major cities around the world. The study estimates that relying more on electronic payments, such as cards and mobile payments, could yield a net benefit of
UnionPay International has recently concluded a comprehensive cooperation agreement with Banque Populaire, the second largest bank in Morocco. Mr Chen Zhi, Vice Chairman of China UnionPay was delighted to attend the ceremony. Currently, UnionPay cards are accepted at all POS terminals in Morocco, and ATM coverage is increasing rapidly. As one of the emerging popular
UnionPay International and Attijariwafa, the largest commercial bank in Morocco, jointly announced the launch of ATM acceptance in Casablanca, with which all their 2,000 ATMs will soon be enabled to accept UnionPay credit and debit cards. This will increase UnionPay’s ATM acceptance coverage in Morocco from 15% to 45%. Morocco is one of the emerging
