ACI Worldwide, Inc. Reports Financial Results for the Quarter and Year Ended December 31, 2013

Posted on by wademinnie | 5823 Views | 13 min read

ACI Worldwide, Inc., a provider of electronic payment and banking systems, has announced financial results for the period ended December 31, 2013. “ACI has finished an important transitional year,” commented Phil Heasley, ACI President and CEO. “The integration of Online Resources is substantially complete, Official Payments is on schedule and our EBPP business is performing

iKaaz Launches NFC-powered Cloud-based Mobile Payments Platform in Nigeria

Posted on by wademinnie | 12225 Views | 5 min read

iKaaz, a Bangalore based mobile payments provider has entered the rapidly growing African market with the launch of its innovative tap and pay offering in Nigeria. Very soon Nigerian consumers will be making NFC payments at select merchant outlets thanks to iKaaz’s NFC powered mobile payments platform running on the cloud. “It is encouraging to

Equity Bank Applies for Telecoms Licence

Posted on by wademinnie | 5439 Views | 3 min read

Kenya’s Equity Bank of Kenya has applied for a licence to start mobile phone operations, though it is yet to be approved by the Communications Commission of Kenya (CCK). The Daily Nation reports the bank is looking to become a Mobile Virtual Network Operator (MVNO), meaning it would operate using an existing Mobile Network Operator

UBA Partners Parolz.com to Provide Discounts for its Card Holders

Posted on by wademinnie | 10947 Views | 8 min read

Holders of UBA payment cards like Visa, MasterCard and Verve are being given an opportunity to get significant discounts on their card payments as UBA enters into a partnership deal with Parolz.com, an online platform which offers exclusive discounts and benefits from top outlets in Nigeria. The offers range from Dinning to Lifestyle,Hospitality, Transportation and

Report: e-Commerce in South Africa

Posted on by wademinnie | 6211 Views | 7 min read

Effective Measures has released a report on e-commerce in South Africa. They surveyed over 10,000 internet users with desktop access in South Africa in order to ascertain their online shopping habits. Some of the key insights they uncovered include: 73.76% of online shoppers will use the internet to make payments, transfer money and pay utility

PayPal and Deutsche Telekom Expand European Reach

Posted on by wademinnie | 6402 Views | 6 min read

PayPal and Deutsche Telekom have announced a direct carrier billing relationship, which enables Deutsche Telekom users to make purchases directly to their mobile phone account. Now a part of PayPal’s carrier payment network, Deutsche Telekom and PayPal will help to extend carrier payments across Europe and will provide an opportunity for both companies to reach

Ecobank to Acquire Banco ProCredit Mozambique

Posted on by wademinnie | 15632 Views | 11 min read

Ecobank Transnational Incorporated and ProCredit Holding Germany (PCH) have announced that they are in discussions with the view to Ecobank acquiring a majority stake in PCH’s Mozambican subsidiary – Banco ProCredit Mozambique (PCM). Ecobank has formally expressed an interest in purchasing Banco ProCredit in Mozambique by acquiring the shares currently held by ProCredit Holding and

Visa and First Data Partner on EMV Common Debit Solution

Posted on by wademinnie | 6967 Views | 9 min read

Visa Inc. and First Data’s STAR Network announced an agreement to share Visa’s common debit solution offering issuers, acquirers and merchants a streamlined and cost-effective approach for debit EMV chip adoption. EMV cards contain an embedded computer processor or a chip that generates a one-time code for each transaction making it nearly impossible for criminals

Telcos and MasterCard to Collaborate on Single Mobile Payments Platform for Germany

Posted on by wademinnie | 11443 Views | 7 min read

MasterCard has announced a collaboration between Deutsche Telekom, Telefónica Deutschland, Vodafone and TREVICA (a MasterCard owned company) to create a new mobile platform and accelerate the development of mobile payments in Germany.  The three mobile operators represent 80% of mobile customers in Germany, which means that banks and financial institutions can hugely accelerate their ability

OT and Ingenico Demonstrate NFC Couponing at MWC

Posted on by wademinnie | 11421 Views | 11 min read

Oberthur Technologies, a provider of digital security solutions for the mobility space and Ingenico a provider of payment solutions, have announced that they will jointly showcase a couponing value added service on an NFC SIM card. In line with the mobile NFC Value Added Services proposal for point of sale (POS) terminals from the GSMA,