American Express has introduced the Amex EveryDay Credit Card, a new no annual fee credit card that puts a twist on the traditional rewards program. The Card will be available by April 2, 2014. This new kind of credit card from American Express rewards Card Members for how often they use the Card, and not
Mahindra Comviva, a provider of mobility solutions and Ovum Consulting, has released a research study on Digital Music Market. The study encapsulates future trends on the uptake of digital music in terms of adoption rates; devices used to consume music services and segregation of listeners and suggested target approach. The research study reveals that digital
NIC Bank Group Ltd. has reported a Shs 3.4 billion Profit Before Tax for the 9 months ended September 30, 2012 representing an increase of 33% from Shs 2.6 billion registered during the same period last year. Announcing the results, the Group Managing Director, Mr. James Macharia, said: “The financial results demonstrate the resilience of
Visa Inc. has announced that it has completed technical development of a new service aimed at detecting and preventing fraud schemes that target the use of prepaid cards. Visa’s Prepaid Clearinghouse Service (PCS) is a centralized database that allows financial institutions, processors and prepaid program managers to share prepaid card data such as enrollments, load
Prepaid debit card use is on the rise. According to the recent Pew Prepaid Cards Research Project, the prepaid debit card industry is a fast-growing, multi-billion dollar segment serving tens of millions of consumers. “There are many reasons consumers use preloaded debit cards,” said Ben Katz, CEO of CARD.com, a leading provider of reloadable, prepaid
MasterCard has announced that, as part of the company’s commitment to enhance the experience of cardholders visiting the country is support of the local tourism industry, the company has partnered with the Ministry of Tourism to become the official card of The Bahamas. The announcement was made during an exclusive cocktail event for participating merchants,
With the approval of the Bank of Ghana, Fidelity Bank has contracted third party retail networks called Fidelity Smart Agents to provide services on its behalf. Fidelity Smart Agents are your local neighborhood convenience shops, pharmacies, supermarkets and utility payment vendors. Commenting on this revolutionary initiative, the Managing Director of Fidelity Bank, Mr. Edward Effah,
Expanding its digital content service offering, Live Gamer, Inc. (LGI) has partnered with MasterCard to incorporate MasterPass, a digital payments service that allows consumers to use any payment card or enabled device to discover an enhanced shopping experience. The expanded offering provides LGI’s customers in the digital content and interactive entertainment industries in North America
Equity Bank Group’s investments in IT, growth in the number of customers and branch upgrades to cater for the growing SME segment have boosted 2013 profit before tax by 11 percent to Kshs 19.15 billion up from Kshs 17.29 billion the previous year. Cost to income ratio reduced to 48.5% in 2013 and NPLs reduced
With the delivery of its 5 millionth contactless payment terminal, Ingenico ,a provider of payment solutions, confirms its leading position in the deployment of contactless technology. The Ingenico group has been a pioneer in the development of this technology since the first certification of one of its terminals with Mastercard in 2004. Since then, Ingenico
