The sanctions imposed on Russia by the European Union and the United States against a number of public and private Russian companies earlier this year have generated substantial noise across the payments industry news channels throughout 2014. The effect of these sanctions was most prominent on the financial sector, when, without any prior notification, Visa
NCR Corporation, the global leader in consumer transaction technologies, announced that Ted’s Café Escondido, has selected and rolled out a complete NCR restaurant technology solution to help improve the operational efficiency of its business across its growing sites. Ted’s Café Escondido currently uses NCR point-of-sale (POS) software and technology, kitchen production, employee theft detection, above-store
MasterCard outlined its vision for online payments beyond passwords, making life simpler for cardholders while increasing security. The company has been leading the co-creation of a new authentication standard, which when adopted, will be the largest wholesale upgrade to online payment security. It will benefit consumers, banks and merchants alike, with invisible authentication and far
Microsoft 4Afrika and Skrill announce their marketing alliance to launch a new e-commerce portal. By integrating with mobile network operators (MNOs), the portal enables Africans to use their mobile wallets to buy from global internet brands, access free educational content and use Microsoft software. This new form of partnership between mobile payment systems, network operators
Regions Bank customers can now take advantage of Apple Pay, an innovative, safe and convenient way of making purchases. Regions now offers debit, consumer credit and reloadable prepaid card customers access to Apple Pay. Apple Pay will work with iPhone 6 and iPhone 6 Plus, in participating stores. When paying for goods and services within
Dynamic Currency Conversion (DCC) sometimes referred to as Cardholder Preferred Currency (CPC) has been around for sometime, but there is a good deal of misunderstanding, hype, misinformation, opinion and mystery around its benefits and its detriments. DCC is a service that allows credit card holders to pay for goods and services internationally with their local
Mahindra Comviva, the global leader in providing mobility solutions, announced that it has enabled the world’s first domestic interoperable mobile financial service between Airtel Money and Tigo Pesa in Tanzania. The service allows customers to send and receive money directly between the mobile money accounts of these two service providers. The new service made the
Getting to grips with cashless payment solutions can give small business owners peace of mind during the busy festive season, when crime and business robberies are expected to be at their peak. The festive season often leads to increased sales, but this is against the backdrop of increasing business robberies, and business owners need to
ReD, an ACI Worldwide company, has announced a strategic partnership with The Emerging Markets Payments (EMP) Group to offer powerful transaction monitoring and risk management capabilities to EMP Group’s clients in the Middle East and Africa. EMP Group delivers electronic payments services to more than 130 banks and 30,000 merchants across 45 countries. The company
Bitpay, the world leader in business solutions for the bitcoin digital currency,Givex’s Vexilor point of sale (POS) will now enable its merchants to accept payments in bitcoin. Vexilor will process bitcoin payments with ease, allowing for an easy transaction process for patrons and smooth payment retrieval for merchants. To make payment, customers will generate a
