EMVCo Publishes EMV® 3-D Secure 2.3 to Support More Secure and Convenient E-Commerce Authentication

Posted on by Staff Writer | 5995 Views | 10 min read

EMV® 3DS Version 2.3 expands support for digital channels and devices to help issuers, acquirers and merchants fight card-not-present fraud, while improving the consumer experience. Global technical body EMVCo has enhanced the EMV® 3-D Secure (3DS) Specifications to improve the consumer experience and fraud fighting capabilities for issuers, acquirers and merchants across e-commerce channels and devices. The latest version,

EBA CLEARING, SWIFT and The Clearing House Join Forces to Speed Up and Enhance Cross-border Payments

Posted on by Staff Writer | 4140 Views | 30 min read

With the support of banks from both sides of the Atlantic, EBA CLEARING, SWIFT and The Clearing House (TCH) have joined forces to make cross-border payments as seamless as the fastest domestic payment options. The three private-sector, member-owned companies have completed a proof of concept as part of a new initiative, Immediate Cross-Border Payments (IXB),

Sanlam and Absa to Combine Investment Management Businesses in South Africa

Posted on by Staff Writer | 4682 Views | 13 min read

Sanlam, Africa’s largest non-banking financial services group, and Absa, one of Africa’s largest diversified financial services groups, have announced that they have reached an agreement to combine their investment management businesses in a transaction which will result in an asset management company with assets under management, administration and advice in excess of R1 trillion. The

Global Fintech Platform Thunes Partners with M-Pesa Tanzania to Enable Instant Money Transfers to Bank Accounts in Kenya and Rwanda

Posted on by Staff Writer | 14309 Views | 7 min read

Thunes, a global leader in cross-border payments, announced the launch of a new service corridor for users of M-Pesa Tanzania, enabling Tanzanians to seamlessly move money from their M-Pesa mobile wallets directly to any bank account in Kenya and Rwanda. Thunes and M-Pesa Tanzania have been working together since 2018, with M-Pesa Tanzania using Thunes’ cross-border payments network to

ATM Industry Association Announces New Membership Designed Specifically for Financial Institutions

Posted on by Staff Writer | 9931 Views | 7 min read

The ATM Industry Association (ATMIA) announced the release of a new membership level designed specifically for small- and mid-size financial institutions.  It includes a package of benefits of particular value to FIs with less than $100 billion in assets.  More than 50 of the world’s largest banks, and 9 out of the top 10 in

Mastercard Partners with Digital PayGo to Drive Secure Payments for SMEs in Zambia

Posted on by Staff Writer | 9402 Views | 13 min read

SME-in-a-Box solution will enhance the Small and Medium Enterprise (SME) customer value proposition  and support the enablement of a digital-first approach for merchant mobile payments Partnership will drive secure electronic payments and digital transformation of SMEs, which represent 97% of all businesses in Zambia Mastercard has partnered with Zambian-based fintech company, Digital PayGo, to launch

Standard Bank | Technology Has Revolutionised Banking, Placing you in the Driver’s Seat of your Financial Life

Posted on by Staff Writer | 4534 Views | 25 min read

Today’s digital savvy customers have a world of banking options available at a tap of their phone. The ways in which we conduct banking has changed dramatically since technology entered the fray, making it easier than ever to access solutions that meet your everyday needs, and help you to achieve your dreams and goals… whatever

RBR | Nearly Half of all ATMs Now Offer Automated Deposit Functionality

Posted on by Staff Writer | 9551 Views | 10 min read

The number of automated deposit ATMs continued to grow in 2020, driven by branch transformation initiatives and the continuing migration of cash transactions away from the teller Banks are smartening their approach to self-service banking RBR’s Global ATM Market and Forecasts to 2026 reveals that of the 3.1 million ATMs installed globally, 1.4 million now

Capgemini Releases 2021 World Payments Report

Posted on by Staff Writer | 25689 Views | 22 min read

As use of alternative payments is skyrocketing, banks must urgently embrace the next generation of payments to stay in the race: Capgemini’s World Payments Report 2021 Payments are entering a new experience-driven era (Payments 4.X[1]), ushered in by an accelerated transformation timeline due to COVID-19 and the growing digital appetite of customers, according to the World

KongaPay Leads Paypal, Others in E-Commerce Transactions in Nigeria

Posted on by Staff Writer | 7325 Views | 23 min read

Research identifies KongaPay as Nigeria’s leading e-wallet platform KongaPay, a Central Bank of Nigeria (CBN)-licensed fintech platform, has been identified as the leading provider of digital payment services for e-commerce transactions in Nigeria. The rating came from Statista, a globally renowned market and consumer data firm. The development justifies the huge popularity and impressive dominance