GlobeOne Welcomes Global Payments Expert Sunil Sachdev as Chief Sales Officer

Posted on by Staff Writer | 7122 Views | 9 min read

GlobeOne, announced that global payments expert Sunil Sachdev is joining the company as Chief Sales Officer. Through its worldwide network of Member Banks, GlobeOne has developed a digital financial platform that will provide mobile banking services for underserved and socially-conscious Millennials. “Sunil has worked on payment electronification initiatives in developed and emerging markets around the

Verizon Ventures Invests in HCE Startup SimplyTapp

Posted on by Staff Writer | 9232 Views | 9 min read

At Verizon Ventures, we have been keeping a close eye on the mobile payment space, which has been rapidly evolving over the past year. One of the developments we’re watching is Host Card Emulation (HCE). If you’re not familiar, HCE can play a significant role in credential management with payments, offering the ability to create

Standard Chartered have Joined the Wolfsberg Group of International Financial Institutions

Posted on by Staff Writer | 7513 Views | 6 min read

Standard Chartered PLC announces it has joined the Wolfsberg Group, an association of global banks that together develop industry standards for Know Your Customer, anti-money laundering and counter-terrorist financing. Standard Chartered was one of two banks invited to join the organisation this year, in the first expansion of the Wolfsberg Group’s membership since its inception

WorldRemit Brings Low-cost Money Transfers to Rwanda

Posted on by Staff Writer | 9311 Views | 5 min read

Online and mobile money transfer service WorldRemit launched in Rwanda. Founded by Dr Ismail Ahmed, ‘the man changing the world of remittances’ according to the BBC, WorldRemit provides a quick, convenient, and low-cost way for people to send money to friends and family abroad. People in 50 countries can use WorldRemit anytime, anywhere, on their

Visa and FireEye Join Forces to Help Merchants, Financial Institutions Defend Against Targeted Attacks on Consumer Payment Data

Posted on by Staff Writer | 7607 Views | 9 min read

Visa Inc. and FireEye, Inc. announced their intention to co-develop tools and services to help merchants and issuers protect against advanced cyber attacks targeting payment data. The first of its kind Visa and FireEye Community Threat Intelligence (CTI) offering will bring together threat information from both companies, allowing merchants and issuers to quickly detect and

Bank of Tanzania Wins Top Risk Compliance Award

Posted on by Staff Writer | 7243 Views | 5 min read

The Bank of Tanzania (BoT) has emerged the winner of the award titled; “Best Governance Risk and Compliance Project in Africa” for 2015. The award was presented during the Asian Banker Technology Implementation Awards 2015 Ceremony organised by a journal ‘The Asian Banker’. The award was presented to Dr Modestus Francis Kipilimba, BoT Director of

Global Payments Partners with Virtual Next to Offer Mobile Payment, Gift and Loyalty Solution to Canadian Merchants

Posted on by Staff Writer | 9405 Views | 6 min read

Global Payments Inc., a leading worldwide provider of payment technology services, announced an agreement with Virtual Next, a mobile-based digital rewards solutions company, to offer its Canadian merchants a new mobile payment, loyalty, promotion and gift card service. Through its relationship with Virtual Next, Global Payments will offer a unique solution designed to leverage two

Official Opening of Firstrand Regional Head Office

Posted on by Staff Writer | 11932 Views | 10 min read

FirstRand Bank announced the official opening of its regional head office in Umhlanga, Kwazulu Natal. The first phase of the office development, valued at R430 million has been named Acacia House and is the provincial headquarters of the various divisions in FirstRand, namely: First National Bank, Rand Merchant Bank and WesBank, as well as its

MasterCard and Wayfair Make Shopping Simple with MasterPass

Posted on by Staff Writer | 6169 Views | 6 min read

Purchasing home furnishings, décor and goods is about to get even easier when you shop at Wayfair.com, AllModern, Birch Lane, DwellStudio, and Joss & Main. Starting this fall, MasterPass from MasterCard will provide a simple and secure online shopping experience for the Wayfair family of brands as well as within the mobile apps for Wayfair.com,

Bitfinex and BitGo Partner to Create World’s First Real-Time Proof of Reserve Bitcoin Exchange

Posted on by Staff Writer | 7640 Views | 8 min read

Bitfinex, the world’s leading Bitcoin exchange, unveiled a new Bitcoin settlement and security architecture that for the first time ever offers complete segregation of all customer bitcoins. Based on BitGo’s revolutionary multi-signature technology, the Bitfinex exchange now provides individual multi-signature wallets for each customer, allowing traders to verify funds on the blockchain for complete transparency