MasterCard has announced that it has completed the acquisition of Pinpoint Pty. Ltd. (“Pinpoint”), Australia’s leading provider of loyalty and rewards services to financial institutions across the Asia Pacific region. Pinpoint was founded in Sydney in 1984, and has been developing innovative customer loyalty and incentive programs for over 30 years. A leading loyalty service
Russian Standard Bank, Samsung Electronics and MasterCard have announced the commercial launch of a contactless payment service on some flagship NFC-enabled Samsung devices. For MasterCard and Samsung, the Russian launch is the second one globally and the first in Europe and will help to accelerate the adoption of mobile payments. The service, available through Russian
Ingenico Group, has announced it entered exclusive negotiations regarding the acquisition of 100% of the share capital of GlobalCollect from its existing shareholders led by Welsh, Carson, Anderson & Stowe (“WCAS”) for an enterprise value of €820 million. Based in Amsterdam (The Netherlands), GlobalCollect, which employs more than 500 people globally, has developed a recognized
eBay and Argos have announced that they have entered an agreement to extend their offering of Click & Collect services via Argos stores. This extension will enable shoppers to select products from a much wider range of eBay sellers for collection from about 650 Argos stores. The Click & Collect partnership commenced in September 2013
East Africa will soon have a common mobile money platform that will enable users to send money from one country to another without any difficulty under exchange rates approved by central banks. This is according to Godfrey Kyama, e-banking advisor to the Commonwealth, in his presentation at the ongoing Tech4Africa conference in Nairobi. Kyama said
TIB Development Bank has completed the process to establish a subsidiary that will focus on corporate financing. The new entity, TIB Corporate Finance Limited, will focus on corporate banking business in all its branches and agencies. TIB Managing Director, Mr Peter Noni, said that with the separation of activities, the bank will be able to
United Bank for Africa (UBA) has become the first Nigerian bank to offer transaction notifications on Twitter for its customers. UBA said the solution is based on a secure custom application it had built and enables its customers to receive bank transaction alerts directly on Twitter. “Dear Customer, we are happy to inform you that
Members of the Kenya Bankers Association (KBA), the banking industry umbrella body, appointed their Governing Council during the KBA 52nd Annual General Meeting that was held on 26 June 2014. The new Governing Council will serve for a period of 12 months under the chairmanship of Joshua Oigara of Kenya Commercial Bank (KCB), and vice
MoneyGram International has extended its agreement with 7-Eleven in Australia to allow customers to send and receive funds anytime, day or night, at self-service kiosks located in 7-Eleven stores. MoneyGram is the only funds transfer provider in Australia to offer money transfer services through a kiosk. “This agreement demonstrates MoneyGram’s commitment to providing customers with
Engility Holdings, Inc. has announced that its wholly owned subsidiary, Dynamics Research Corporation (DRC), has been awarded a $13.4 million contract to support the Secure Payment System (SPS) of the U.S. Department of Treasury. SPS provides secure transmission of payment data and strongly auditable certification of payments for the U.S. Government. Engility acquired DRC earlier
