In an ever-changing payments landscape, which is increasingly complex and fraught with risk issues and challenges, security is a top priority. MasterCard has been at the forefront of the fight against fraud for nearly 50 years. In line with this, the MasterCard Academy of Risk Management is hosting its annual Global Risk Management Conference Series
SimplePay, Ltd. Partners With Pliris Mobile to Put SimplePay Mobile Application on all Pliris Phones in Nigeria. From the convenience of your desktop to the palm of your hand, SimplePay has simplified the lives of thousands of connected Nigerians by eliminating physical cash from financial transactions. To help grow their user base, SimplePay has signed
First launched in Kenya in 2007, m-pesa is now used by more than 18 million people across 13 countries to perform banking and money transfer services via mobile phone. Vodacom introduced m-pesa to South Africa in 2010 and while the initial take up was strong with more than one million people signing up, it hasn’t
Cyprus’s central bank has suspended efforts to find a buyer for branches of a Tanzania-based bank, pending the outcome of legal action seeking to block the sale, it said on Saturday. Cypriot regulators seized control of two branches of the FBME bank in July, after a department of the U.S. Treasury alleged the bank engaged
A comprehensive survey of U.S. bank customers conducted for FICO , a leading predictive analytics and decision management software company, found that 82 percent of mobile banking app users are satisfied with their bank, compared with only 71 percent among those who do not use a mobile banking app, and 76 percent of the mobile
Heartland Payment Systems, has announced Adjusted Net Income and Adjusted Earnings per Share of $21.0 million and $0.58, respectively, for the quarter ended June 30, 2014, compared to Adjusted Net Income and Adjusted Earnings per Share of $23.1 million and $0.62, respectively, for the quarter ended June 30, 2013. GAAP net income for the quarter
Mike Brown, Nedbank Group Chief Executive has announced the following changes to the banks’ Group Executive Committee (Group Exco). Mfundo Nkuhlu to succeed Graham Dempster as COO and appointed as Executive Director Graham Dempster, the current Chief Operating Officer (COO) and Executive Director reaches normal retirement age in May 2015. The portfolio comprises Group Technology,
The Communications Authority of Kenya has cleared Equity Bank to start operations of its mobile phone and cash transfer service before it resolves a petition filed by leading telecommunications provider Safaricom, which is was opposed to the bank using ultra-thin SIM cards. According to the Business Daily, the CAK maintains Equity will only be able
Econet Wireless has predicted that Zimbabweans will stop using “paper money” by the end of next year as people adopt cards to transact. Econet, which is at the forefront of introducing plastic money in the country, has already invested in more than 5 000 point-of-sale (POS) devices in businesses throughout the country to ensure that
MasterCard Incorporated has announced financial results for the second quarter of 2014. The company reported net income of $931 million, up 10%, or 9% adjusted for currency, and earnings per diluted share of $0.80, up 14%, in each case versus the year-ago period. Acquisitions had no impact on earnings per diluted share. Net revenue for
