MasterCard has announced that Andrea Scerch has been appointed President of DataCash, in charge of providing strategic direction and leadership of the company, and will be based in the UK. DataCash was acquired by MasterCard in 2010, and is a key driver of MasterCard’s e-Commerce strategy and digital convergence solutions globally, allowing the company to
International not-for-profit trade association Prepaid International Forum (PIF) has announced that the official launch meeting of its Middle East Chapter will take place in November in Dubai and that founder members of the new chapter include Visa, Al Rajhi Bank and The Saudi Investment Bank. Dr Saleh I. Al-Furaih, Head of Consumer Asset Business at
Ensygnia, the mobile payments company backed by Telefonica’s technology start-up accelerator Wayra, today announced the first round of appointments to its Advisory Board. Announcing the appointments, Chairman of the Advisory Board, Neira Jones – a partner with Accourt and former Director of Payment Security and Fraud for Barclaycard said: “We are looking to create a
hyperWALLET Systems Inc., a provider of global payment solutions, announced that it is integrating its payment services with the PayNearMe electronic cash-transaction network. PayNearMe allows consumers to use cash to buy goods online, pay utility bills, make rent payments and repay loans, all via convenient printable or mobile barcode technology. PayNearMe’s innovative cash-payment option is
Gemalto a digital security company, announces a global business partnership with IBM for its enhanced Ezio eBanking security platform. Featuring cutting-edge levels of security and versatility, the Ezio eBanking Server platform has been further updated with the ability to support a wider range of end-user solutions. The platform has been tested and confirmed to work
An Ikeja High Court remanded a staff of Union Bank Plc, Danasabe Ibrahim, and three others in prison custody, for allegedly defrauding the bank of N2.05 billion. The 47-year-old banker was arraigned alongside Salihu Mahmoud, 34; Friday Isaiah, 33; and Samuel Azaaior, 30, by the Economic and Financial Crimes Commission (EFCC). The News Agency of
ZimSelector, the Luke Ngwerume founded online financial services aggregation startup, announced that they have just enabled ZimSwitch Vpayments on the service. With the new internet payments option insurance buyers in Zimbabwe will be able to select and buy insurance on the website using bank cards issued by any of the ZimSwitch shared services enabled banks
ReD, a fraud prevention and payment services provider, has announced a new five year partnership agreement with South African payments experts, Transact Connect. The two companies will work together to introduce ReD’s full range of solutions to merchants and financial institutions across Africa. Transact Connect provides electronic payment expertise to Payment Services Providers, financial institutions,
The people at Cuecommerce have put together an infographic with some of the latest stats on global ecommerce.
Ugandan serial entrepreneur Teddy Ruge has launched a homegrown quick-pay service that targets the diaspora and aims to compete with industry giants such as Western Union and Moneygram. His project, Remit.ug, provides Ugandans living in the diaspora with the ability to send money to loved-ones using an African service, thus helping to boost the economy
