VeriFone Systems, Inc. has announced that Richard A. McGinn will leave the board and be replaced by long-time retail and consumer financial services veteran Jane J. Thompson, effective immediately. “The board thanks Rich for his service in many roles over the years including interim CEO and chairman of the board, and we wish him well,”
The Western Union Company, a global payment services, and Farmacias Guadalajara have launched Western Union global money-transfer services at more than 1,100 drugstore and retail locations throughout Mexico. Now, people living throughout the country have even more options from which to receive the support they need: They can visit any of these locations and pick
Digital Insight, an NCR company, announced it will expand its online banking portfolio to include Shared Access (Entitlements) and Small Business Payments, including Automated Clearing House (ACH) and Wires to help financial institutions increase profitability, deepen loyalty and trust, and reduce fraud. Digital Insight was acquired by NCR Corporation in January 2014. Offered as part
Oberthur Technologies (OT), a provider of digital security solutions for the mobility space and Network International, a payment solutions provider in the Middle East, has announced a strategic partnership which brings together a complete portfolio of payment solutions including card personalisation, EMV and related payment security services to clients across the Middle East and Africa.
The Central Bank of Nigeria (CBN) has said its cashless policy will not eliminate the use of cash for payments in Nigeria. Sarah Alade, acting governor of the bank, said at a cashless policy sensitisation exercise held in Ilorin, Kwara state, the cashless policy would only reduce the volume of cash transactions in Nigeria. Alade
South African mobile operator MTN has partnered Naspers-owned PriceCheck.co.za to release a mobile application for price comparison in the country. The app will be available on iOS, Android and Windows Phone devices, and will come preloaded on MTN’s Steppa smartphone. The companies said the partnership between a mobile operator and e-commerce platform highlights the importance
Visa Inc. and PULSE, a Discover Financial Services company, announced an agreement to enable financial institutions that issue EMV debit cards on both the Visa and PULSE networks to use Visa’s common debit solution. Visa’s common application identifier (AID) supports U.S. debit regulations requiring the ability to route transactions over multiple, unaffiliated networks. A common
Intellidex, a specialist financial services research house has conducted a survey of South Africa’s banking sector, naming Capitec Bank as the best bank in the country. According to Intellidex, the purpose of the Bank of the Year survey was primarily to garner banking clients’ views on their banks across a range of products and service
The latest MasterCard Online Shopping Behaviour Study reveals that 90% of South African respondents cite the availability of secure payment facilities as critical when shopping online. Concern around the safety of online transactions was the reason 42% gave for not shopping online in the last three months, up 4% from last year. When asked how
Gabriel Swanepoel recently posted some interesting insights into the commerce trends in South Africa on the Verifone blog. Here is a look at what he had to say: “If you were living in or visiting South Africa a decade ago, chances are most of your purchases would have been made by cash. Today, things are
