Over the summer, Mobey Forum’s Biometrics and Security Workgroup, set up to explore opportunities and use cases for biometric authentication in mobile money, met with The Biometrics Institute and the Natural Security Alliance, in a bid to exchange knowledge and expertise. Biometrics adoption is gathering pace, particularly in mobile financial services (MFS). Acuity Market Intelligence
Saxo Payments, the global transactions services provider, has secured a new partnership with PSI-Pay, the end-to-end account and card-based payments solutions provider. Under this new agreement, PSI-Pay will become a member of the Saxo Payments Banking Marketplace, offering its clients fast and secure international transfers for their customers. PSI-Pay is regulated by the FCA in
Adyen, a leading payments technology company, announced that it has launched an extension for the SAP hybris Commerce solution that delivers a fully optimized integration with its global payments platform. Developed in collaboration with DigitasLBi Commerce, the extension enables businesses to leverage Adyen technology to scale and accept payments anywhere in the world. With the
MasterCard announced a global partnership with mobile commerce provider P97 to make it easier for consumers to find, buy and save on gasoline and convenience store purchases through their mobile phones. Last year, in the U.S. alone, consumers pumped more than 135 billion gallons of gasoline, according to MasterCard SpendingPulse. As trips to the pump
BitPay and Ingenico have announced a new integration that allows brick and mortar stores to accept payment in bitcoin through a traditional point of sale (POS) device. The project is an industry first, allowing a POS terminal device to receive a digital currency payment. While bitcoin is most often used for ecommerce payments, the current
Fiserv, Inc., a leading global provider of financial services technology solutions, announced that 1st Advantage Federal Credit Union, based in Yorktown, Virginia, has added Mobiliti for mobile and tablet banking, the Popmoney personal payment service for person-to-person payments, and Mobile Source Capture for remote deposit capture. Each of these solutions integrates with the credit union’s
MasterCard introduced MasterCard Identity Check, a suite of technology solutions that leverage advanced technologies to prove a consumer’s identity and further simplify the online shopping experience. Existing methods to prove an identity online can take shoppers away from a retailer’s website. This final step can be time consuming and potentially result in the purchase being
ATM Marketplace, a preeminent banking and finance publication, and Wincor Nixdorf, a global leader in advanced retail and banking IT solutions, released a white paper. It reveals that the one-size-fits-all approach to banking services no longer applies in the omnichannel banking era. Entitled “The Customer’s Journey – Transforming the Branch Network,” the white paper explains
Mpesa, a wildly successful payment platform contractually licensed to Safaricom, has prospered at the expense of what would have been banking services. Kenya’s banks have taken a back seat as Mpesa leads the payments market. It wasn’t always like this. Over the past decade, mobile financial services evolved, greatly benefiting from an easy to scale
Amana Bank, the First Islamic Bank in Tanzania and Umoja Switch will sign a memorandum of understanding (MoU) to establish ATM Card service. Speaking at a dinner party prepared for the corporate, medium and small Amana Bank customers here over the weekend, the Amana bank’s Marketing and Delivery Channels Manager, Mr Dassu Mussa said that
