Leading retail bank, Diamond Bank PLC, has launched an innovative banking product, Diamond Y’ello, as part of its financial inclusion programme to reach the unbanked. The Diamond Y’ello Account, which is run in partnership with mobile telecommunications giant, MTN Nigeria, is a hybrid account that offers the over 58 million MTN subscribers a fusion of
MasterCard has announced that it is establishing contactless acceptance as standard by 2020 for merchants accepting MasterCard and Maestro in Europe, ensuring that, consumers will be able to pay with their contactless cards and NFC enabled devices at all point-of-sale terminals in Europe by 2020. “Europeans can already use contactless cards or NFC enabled mobile payments
TSYS announced its role to support secure transactions and facilitate enablement for issuers, merchants and app developers in processing transactions from Apple Pay. TSYS will offer a path for merchant acceptance and certification of third-party devices as well as software solutions used for payments by providing merchants with products and developers with SDK/APIs. Through TSYS
Fiserv, Inc., a leading global provider of financial services technology solutions, announced its clients have begun reporting the results of using Fiserv tools and services to combat card-not-present fraud. Using the benchmark industry standard fraud loss of 8.3 basis points, Fiserv clients are performing significantly better than their peers. According to its calculations, Fiserv expects
Apple has announced Apple Pay, a new mobile payments service with an easy, secure and private way to pay. Apple Pay works with iPhone 6 and iPhone 6 Plus through a new NFC antenna design, a dedicated chip called the Secure Element, and Apple’s Touch ID. Apple Pay is easy to set up, so hundreds
The ATM Industry Association has announced that the first African ATM operator has been internationally certified for the industry’s professional online ATM operational training. Riyaadh Alexander, Contact Centre Team Leader of Spark ATM Systems, based in Cape Town, has been awarded the industry endorsed International Certificate for ATM Operators. Mike Lee, CEO of ATMIA stated, “I
Mobile network operator MTN has announced a partnership with online payments company Skrill to enable MTN subscribers to be able to make purchases from global internet brands that are integrated into Skrill’s network using funds in their mobile wallets. The partnership is being piloted in Ivory Coast and Rwanda. The network said MTN Mobile Money
Barclays, in partnership with Hitachi Europe Ltd. is ramping up the fight against fraud with the launch of the Barclays Biometric Reader, developed with Hitachi’s Finger Vein Authentication Technology (VeinID*) – a new, ground-breaking method for customer authentication in UK banking. By simply scanning their finger, customers will be able to easily access their online
VeriFone Systems, Inc., the global leader in secure electronic payment solutions, announced financial results for the three months ended July 31, 2014. GAAP net revenues were $476 million, compared to $416 million a year ago, a 14% increase. Non-GAAP net revenues for Q3 FY14 were $476 million, compared to $418 million a year ago, a
SLA Mobile, a leading worldwide solutions vendor focused on bringing new revenue streams to mobile operators, has partnered with Infobip, a global mobile messaging and payments provider to bring Direct Operator Billing (DOB) to Zain subscribers for their list of digital and virtual goods merchants. SLA Mobile provides managed service solutions to mobile operators, helping
