Transmodus, the payments technology company that powers linked2pay, has announced that it won the 2014 Gold Medal for Best Innovation Via Automated Clearing House (ACH). Janet O. Estep, president and CEO of NACHA, which serves the settlement needs of over 11,000 financial institutions, presented the award to Richard McShirley, CMO of transmodus. The evening ceremony
SIA and Orange Business Services have signed a collaboration agreement that will enable European and extra-EU banks and merchants to manage payments via mobile point of sale (POS) terminals. More specifically, Orange Business Services will provide a managed M2M solution with global roaming services enabling remote terminals to automatically transmit data to the SIA technology
Diamond Bank PLC has delivered a double digit return on equity as it announced a 16.7% increase in profit before tax to N32.1billion for the full year ended December 31, 2013. On the back of the very good performance, the bank has proposed a dividend of 30k per 50k ordinary shares. In a statement released
Global Payments, a provider of payment solutions, has announced that it will implement MasterPass, a digital payments service that allows consumers to use any payment card or enabled device for an enhanced shopping experience. The new service will provide Global Payments North American merchants the ability to offer their shoppers a convenient and flexible way
Universal Studios and American Express have announced an expanded multi-year agreement that brings Universal’s theme parks and filmed entertainment together with American Express to create exclusive consumer benefits and experiences. The agreement also enables American Express, for the first time, to acquire new Card Members directly through Universal theme parks and websites. While American Express
The Tanzania Communications Regulatory Authority (TCRA) has commended continued technological growth in the country’s mobile phone industry. TCRA Managing Director, Prof. John Nkoma, said in Dar es Salaam: “This growth has so far done a great job in improving Tanzania’s economy, as well as social development.” Prof. Nkoma was speaking at an event that saw
TSYS has announced that it has reached a long-term agreement to provide consumer credit processing services along with value-added capabilities for Virgin Money customers within the United Kingdom. Virgin Money selected TSYS’ market leading TS2 platform to support its UK cards portfolio. Virgin Money is a UK-based retail bank, providing savings, mortgages, credit cards, pensions,
Jumio, Inc., a fast growing credentials management tech company has announced the formation of the Bitcoin Identity Security Open Network (BISON). Initial members of the network comprise eight leading Bitcoin exchanges, wallets and ATM providers worldwide including BitAccess, SnapSwap, CoinMkt, Digital Currency Exchange of Texas, CoinRnr, Hashop.io, NoveltyLab and Bitnet Technologies as the initial members.
The African Development Bank (AfDB) has approved a US$ 125-million Line of Credit (LOC) to Zenith Bank PLC (Zenith) for on-lending to Small and Medium-sized Enterprises (SMEs) in Nigeria. This 4th LOC to Zenith approved by the AfDB’s Board of Directors on Wednesday 26 March 2014 in Tunis, will enable Zenith gain access to long-term
Airlines will increase their focus on new distribution channels such as mobile and social media over the next two years, according to WorldPay’s Alternative Payment and Distribution Landscape: Airline Distribution Channels report. WorldPay, a global leader in airline payment processing and settlements, surveyed 68 global carriers (from low cost to traditional), and found that 83%
