In response to increasing demand across the Americas for its electronic payment and banking systems, ACI Worldwide has bolstered its Americas leadership team and established a new Latin America headquarters in Sao Paolo, Brazil. ACI’s new executive appointments include: Andreas Suma, vice president & general manager for Latin America; Jonathan Lerner, vice president & general
MasterCard is introducing MasterPass™ to the Brazilian market. MasterPass is a digital service that allows consumers to use any payment card or enabled device to discover enhanced and secure shopping experiences with just a click, tap or touch – online, in-store or anywhere. MasterPass eliminates the need for consumers to enter detailed shipping and card
NCR Corporation, a provider of consumer transaction technologies, took the next step in the transformation of its Financial Services business, announcing that it had entered into a definitive agreement to purchase Digital Insight Corporation, a leader in online and mobile banking solutions, for a purchase price of $1.65 billion, and that it had completed the
The banking sector contributes little to the economy despite its improved stability, continued growth and dominance in the financial system, the Governor of the Central Bank of Tanzania, Prof Benno Ndulu says. The BoT governor says in the 2012 Annual Report of the Bank of Tanzania’s Directorate of Banking Supervision that the contribution of the
Currently, a majority of all the ATMs and account statement printers installed around the world runs on Windows XP. However, Microsoft is discontinuing support for this operating system as of April 8, 2014. From this point on, Microsoft will no longer provide security-related patches for Windows XP – and as a result, various security requirements,
Citi Retail Services, a credit and retail solutions provider to the fuel and retail industries, has announced a multi-year renewal of its U.S. private label credit card relationship with Sunoco, Inc., a transportation fuel provider. Citi has provided branded payment products for Sunoco since 2004. Under the renewed agreement, Citi and Sunoco will continue to
Oberthur Technologies, a provider of digital security solutions for the mobility space, has announced its partnership with mBank, an entity affiliated to the PlaNet Finance group that aims to facilitate financial inclusion through mobile technology, to offer mobile branchless banking in emerging markets. In these markets, banks and mobile operators need to adapt to deliver
PROPARCO and Ecobank Transnational Incorporated (ETI), the holding company of Ecobank Group, have announced the signing of a USD 50m loan agreement with a 10-year maturity. Ecobank was founded in 1985 and is today the largest pan-African banking group by number of locations, operating in 35 countries. The group is a full-service bank providing wholesale,
Apriva, a provider of end-to-end wireless transactions, gateway services, and secure information solutions, has reported that the number of US merchants actively using its mobile payment acceptance software, which include its AprivaPay™ Plus and several white-labeled solutions delivered through various channel partners, has increased by over 300 percent over the past year. In addition, the
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
