FIS a provider of banking and payments technology, and its NYCE Payments Network has announced a licensing agreement to make the Visa EMV debit solution available to all NYCE participants. This agreement furthers the U.S. payments industry goal of EMV adoption and is NYCE’s first formal EMV license, which can be used by NYCE Network
Whether for safety and convenience, innovation, or flat-out hygienic reasons, entrepreneurs and small businesses around the world are embracing cashless technology, and in- turn making life a little bit easier for local consumers and tourists as they travel. From a hotel in Myanmar, a Southeast Asia country where electronic payments were introduced for the first
Secondary market research publisher yStats.com has released findings in its “Africa B2C E-Commerce Report 2013” indicating that the growing Internet penetration, the spread of mobile technology and improvement of payment and delivery infrastructure are factors that can boost E-Commerce on the continent. yStats.com CEO Ycel Yelken states “E-Commerce has a high potential in Africa as
As part of efforts to promote inclusive banking and the cashless policy, Access Bank Plc has opened a self-service electronic branch in Ikota, Lagos State. The bank said the self-service banking service is its innovative response to smart-banking revolution craved by customers. The banking channel is expected to bridge the service gap and improve overall
Guaranty Trust Bank plc has announced its audited financial results for the year ended December 31, 2013 to the Nigerian and London Stock Exchanges. A review of the results shows a strong and positive performance across all financial indices and also affirms the Bank’s position as one of the most profitable financial services provider in
Banking and securities companies in the Middle East and North Africa will spend approximately $12.8 billion USD on IT products and services in 2014, an increase of 2.7 percent over 2013 revenue of nearly $12.5 billion USD, according to Gartner, Inc. This forecast includes spending by banking organizations on internal IT services (including personnel), IT
The Central Bank of Nigeria (CBN) is developing an electronic referencing system designed to quicken the process of opening bank accounts in Nigeria. The current laborious process of opening bank accounts in Nigeria, the apex bank said, is one of the reasons why only few Nigerians have accounts. “Besides the high illiteracy level and low
ACI Worldwide an international provider of electronic payment and banking systems, has announced the winners of the 2014 ACI Excellence Awards. The fifth annual ACI Excellence Awards celebrate leading financial institutions, processors and retailers for innovative and transformative uses of ACI solutions to solve real-world customer and business issues. ACI Excellence Award and Merit Recognition
Vodafone M-Pesa – the mobile money transfer and payment service that has transformed the lives of millions of people in emerging markets – has come to Europe for the first time. M-Pesa, which launches in Romania today, will offer simple, safe and secure mobile money transfer and payment services to approximately seven million Romanians who
In a further move to fulfil international demand for its products and services, South African payment solutions provider Stanchion Payment Solutions has opened a European regional office based in London. The company’s entry into the European financial services technology sector follows a year after the opening of a Middle East and North Africa regional office,
