IFC, a member of the World Bank Group, and MasterCard signed an agreement to establish a risk-sharing facility, which is expected to provide millions of people in emerging markets access to electronic payments, a crucial next step in their ongoing collaboration to increase universal financial access by 2020. Electronic payments lower the cost and increase
MasterCard has partnered with acclaimed restaurateur and chef Marcus Samuelsson to bring Qkr! with MasterPass to the first restaurant location in the United States. The Qkr! with MasterPass app will be available to patrons of Samuelsson’s newest spot, Streetbird Rotisserie – a casual kitchenette featuring its namesake ‘bird’ with complementary dishes reflecting Marcus’ multicultural upbringing from
MasterCard and the Alliance for Financial Inclusion (AFI) signed a strategic partnership agreement that will enable a close collaboration within AFI’s Public-Private Dialogue Platform (PPD). Launched in 2014, AFI’s Global PPD Platform incentivizes policymakers and regulators to cooperate with the private sector in designing smart policy solutions that encourage innovation and investment. MasterCard with over
Two more banks, First National Bank (Slayton, Minnesota), and First National Bank (Davenport, Iowa), now offer the BlazePays Visa Prepaid Cards powered by Capital Prepaid Services. Under the banks’ agent programs which are managed by Capital Prepaid Services, these Minnesota and Iowa banks are now able to cost-effectively tap into the prepaid market, which is
ACI Worldwide, a leading global provider of electronic payment and banking solutions, announced the winners of the ACI Innovation Awards. Now in its sixth year, the ACI Innovation Awards (formerly the ACI Excellence Awards) recognize leading financial institutions, processors, retailers and billers from around the world. This year’s Innovation Award winners include AGS Transact Technologies
Brazil, which has been lagging behind smartphone adoption for a long time, is now catching up at an incredible pace. It’s been four years since Nielsen reported that smartphone sales overtook feature phone sales in the US, however Brazil only followed in 2013. With about 55 million smartphones sold in 2014, up 54% over 2013,
Heartland Payment Systems, the nation’s fifth largest payments processor and a leading provider of merchant business solutions, is pleased to announce the acquisition of Dinerware and pcAmerica, two leading point-of-sale (“POS”) companies with solutions covering various hospitality and retail segments. Heartland Chairman and Chief Executive Officer Bob Carr said, “The acquisitions of pcAmerica and Dinerware, combined with Xpient, Liquor
MasterCard announced it has reached a settlement with Target Corporation to resolve claims by MasterCard and its issuers related to the retailer’s 2013 data breach. Under the agreement, Target will make available up to $19 million in alternative recovery offers to eligible banks and credit unions across the globe. These funds will settle their claims
Safaricom has announced that it has started final preparations for the launch of the second generation of its M-PESA platform as it prepares to perform a full scale system upgrade aimed at improving efficiencies and speed over the next week. Safaricom had first announced plans to replace its M-PESA platform last year, seeking to migrate
Tanzania Ports Authority (TPA) stakeholders want the Dar es Salaam port to operate as a one stop centre and banks serving port clients to operate on 24 hours and seven days a week to boost efficiency. The stakeholders who met in Dar es Salaam recently said their recommendations would help to clear backlog of customers
