The majority of consumers want person-to-person payments from their primary financial institution, and FIS, the world’s largest provider of banking and payments technology solutions and a global leader in consulting and outsourcing solutions, is leading the way in making it a reality. Florida-based EverBank recently partnered with FIS to provide FIS People Pay to its
Ecobank Transnational Incorporated welcomed the acquisition of a 12.5(1) percent minority stake in ETI by Doha-based Qatar National Bank through QNB’s purchase of both ordinary and convertible preference shares. QNB bought the shares from the Asset Management Corporation of Nigeria on the Nigerian Stock Exchange. Following the transaction Ecobank is discussing a strategic partnership with
Tanzanians have been urged to cultivate and strengthen a culture of keeping money in bank accounts for their safety and country’s economic development. Talking to journalists in Dar es Salaam over the weekend, a legal officer at the Deposit Insurance Board, Mr Rashid Mrutu, said the culture of having and keeping money in banks builds
Digital River, Inc., a leading global provider of Commerce-as-a-Service solutions,announced it was nominated by FStech and Retail Systems for two 2014 Payments Awards – Compliance Project of the Year and Online Technology Provider of the Year. The FStech and Retail Systems Payments Awards recognise companies, individuals and organisations that have implemented outstanding payments initiatives or
Fiserv, Inc., a leading global provider of financial services technology solutions, announced that the expansion of its real-time domestic and international foreign wire exchange solution, WireXchange. WireXchange from Fiserv is adding two foreign exchange partners: Cambridge Mercantile Group and PNC Bank, N.A. With its current partners Western Union Business Solutions and others, WireXchange now provides
NCR Corporation, the global leader in consumer transaction technologies, announced the availability of a major software release to NCR Wayfinding, a next-generation software platform for creating and managing airport content across kiosks, mobile devices and more. The software will be available for demo at the 2014 ACI-NA Annual Conference & Exhibition, September 7-10, 2014 in
Habib Bank Limited, Pakistan’s largest commercial bank, and MasterCard announced a partnership which will pave the way for the introduction of MasterCard’s innovative payment tools in Pakistan that will provide a safe, simple and secure payment experience to cardholders. The announcement was made during a signing ceremony held at the MasterCard’s office in Dubai between
The innovations by United Bank for Africa, in providing convenient banking platforms for individuals and businesses have received global endorsement and recognition. The Bank has been named the “Best Transaction Bank” from Africa in 2014 by UK based magazine “The Banker”. This is hinged on the Bank’s e-banking platforms that have positively changed the way
The Bank of Tanzania issued a 500/- coin to replace the current 500/- note, which wear off easily. Addressing reporters in Dar es Salaam, BoT’s Director of Banking Service, Mr Emmanuel Boaz, said that the new coin will be in use early October. “Coins are more durable with a longer life span. Due to a
MasterCard announced that the first class of 7 leading European startups that are developing innovative commerce solutions as part of the inaugural MasterCard Start Path accelerator class. The startups were selected after an extensive selection process that saw applications received from startups in more than 30 countries. Each of the startups will work with MasterCard
