Cambria Africa says it is excited by the prospects of the Millchem and Payserv businesses, which are being rolled out regionally. The two business units have made good progress and achieved significant milestones in their regional expansion. The latest update shows that, with the focus on Millchem and Payserv, Cambria is now looking forward positively
The number of ATMs installed worldwide increased by more than 180,000 during 2012 to reach 2.6 million at the end of the year. This is one of the main findings from “Global ATM Market and Forecasts to 2018” by London-based strategic research and consulting firm RBR. At 8%, the global market grew faster in 2012
Emerging Markets Payments (EMP) announced that Murat Ozulku has been appointed CEO of its Bank Processing Division, replacing Hoda Shoukry, who has retired after an illustrious career. EMP is a leading pan-African and Middle Eastern payments company. Its Bank Processing Division provides outsourced payments solutions, ranging from card procurement and personalisation and card hosting through
The state of Akwa Ibom in southern Nigeria has introduced online payment for all legal fees, becoming the first Nigerian state to introduce e-payments in its judiciary arm. The state has also acquired an e-Judiciary enterprise resources planner (ERP), an electronic application that handles court processes. According to the chief judge of the state Justice
Verve International, Africa’s leading indigenous payment card brand, has announced a competition in partnership with Nokia and Microsoft aimed at supporting Nigeria’s indigenous application development community by providing payments in mobile apps. The theme of the competition is “Build with Verve: Lumia Edition”, with Verve saying the partnership is aligned with its drive towards effective
Acculynk, a PIN-debit authentication gateway, has announced that the European Patent Office granted Acculynk patent protection for the company’s propriety process for PIN based authentication over the Internet. The patent protects the mechanisms and processes behind Acculynk’s innovative PaySecure product, a software-only service that allows consumers to pay for online purchases with their debit card
Ingo Money has announced the addition of Charles Potts as executive vice president of Business Development and Enterprise Sales, where he will oversee the development and implementation of the company’s enterprise growth strategy. In this role, Potts will help lead the overall business and product strategies for Ingo Money’s direct and indirect sales to financial
The Central Bank of Kenya conducts a survey on remittance inflows every month through the formal channels that include commercial banks and other authorised international remittances service providers in Kenya. A remittance is money sent by a person in a foreign land to his or her home country. Due to the huge sums involved, remittances
With Card Data Security such a key component to the continued success of today’s merchants, it’s vital for transaction processing systems to maintain strict security levels and keep current on the compliance requirements set by the Security Council that governs the Payments Industry. eProcessing Network, LLC (ePN), an independent payment gateway and software development company
Standard Chartered has announced the opening of an onshore banking subsidiary in Angola, together with ENSA, a leading Angolan insurance company. The Bank has signed a joint venture with ENSA in which Standard Chartered is the majority shareholder, with 60% of the share capital of the bank, and ENSA with 40%. The subsidiary, which will
