EFT Source, Inc. has revealed that its patented instant issuance solution, Card@Once, has issued more than 524,000 cards to consumers within one year. The company is a provider of turnkey card programs and personalization services for ATM and debit cards for financial institutions. High levels of customer engagement and positive experiences at the branch are
The new Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has formally assumed office at the Headquarters of the Bank in Abuja, making him the 10th indigenous Governor in the history of the apex bank. Mr. Emerfele, who was cleared by the Senate on Wednesday, March 26, 2014 arrived at the CBN
Casino Guichard-Perrachon SA (CO) has announced it is partnering with Bollore SA to extend its Cdiscount e-commerce platform to Africa starting with Ivory Coast this summer. “The partnership draws on the expertise of the leaders of e-commerce in France and the skills of the logistics leader in Africa,” they said in a statement. In e-commerce,
Leading South African Payment Gateway, Setcom Payment Solutions, has announced their partnership with innovative e-commerce solution provider, Digital Planet. This partnership will enable Setcom to introduce a wider range of e-commerce services to their existing portfolio of online credit card processing, SID Instant EFT and mobile payment solutions. “We feel that Digital Planet’s services would
ACI Worldwide has announced that Ecentric Payment Systems, South Africa’s leading payments processor, is utilizing ACI’s Point to Point Encryption (P2PE) solution to provide a more secure path for consumer transactions initiated at many of the largest retailers in Africa. P2PE is an emerging encryption technique in the payments industry that protects sensitive cardholder data
MasterCard’s technology combined with increased engagement of governments is helping drive greater expansion of financial inclusion. Public-private partnerships, such as the social security program in Pakistan MasterCard announced last week, offer citizens new opportunities to join the financial mainstream. Around the world, innovations such as prepaid and mobile payments combined with biometrics are enabling more
FIS, its NYCE Payments Network and MasterCard have announced a licensing agreement that will make MasterCard’s EMV debit solution available to all NYCE participants. EMV chip card adoption is a common goal of the U.S. payments industry, designed to increase card transaction security and decrease card-based fraud. This agreement provides all NYCE Network participants with
Tigo, Airtel and Zantel have announced a pioneering agreement to allow customers of Tigo, Airtel and Zantel in Tanzania to send money to each other whether using Tigo Pesa, Airtel Money or EzyPesa on their mobile handsets. It is expected that the service will start by end of June. This is the first agreement in
Kenya Commercial Bank (KCB) and Kenya Bus Services (KBS) have unveiled the Abiria card, which facilitates cashless payments on commuter buses in line with the government’s directive that all public service vehicles migrate to such methods by July 1. Competition is rife in the industry ahead of July 1, with HumanIPO reporting earlier this month
Following a successful entry into the Nigerian market with contactless mobile payments, Bangalore based iKaaz is now ready to offer its popular NFC and bluetooth powered cloud based payments platform to consumers in Kenya. Announcing a strategic alliance with Family Bank, one of Kenya’s leading banks, iKaaz along with its local partner EDGE financial systems
