MasterCard and the Bank of Punjab has announced the launch of the Social Security Program to automate and streamline government disbursement, subsidy and assistance programs. This first-of-its-kind initiative is aimed at driving financial inclusion in Pakistan and specifically in Punjab – the largest province in Pakistan. As part of this landmark agreement with MasterCard, Bank
Chris Souther recently wrote a post for the VeriFone Blog about the need to address the threat in retail security, as evidenced by the rash of recent security breaches in major retail stores across the globe. He had this to say: The recent security breaches at major retail centers have elevated the need for more
Worldpay, a global leader in payment processing, risk and alternative payments, has won two awards at the prestigious CNP Awards 2014. The CNP Awards honour companies that have distinguished themselves in the card-not-present space (where the cardholder and the card are not present at the point-of-sale) and make accepting payments easier and more secure for
Equity Bank has unveiled its Mobile Virtual Network Operator (MVNO) strategy and rollout plan that is set to launch in July 2014. Equity Bank has hailed their MVNO as the ‘next big thing’: Equity 3.0. The Equity MVNO accords Equity Bank the opportunity to continue its mission of furthering financial inclusion and innovative service offerings
Standard Bank Group is seeing a continuation of demand for its services from international commodity traders and rapidly expanding regional and local businesses in Africa. This follows the withdrawal of several global lenders from the continent in the wake of the global financial crisis. The pull-back forced on global banks by the global economic slowdown,
Airtel Kenya has introduced a self-help PIN reset service allowing Airtel Money customers to reset their access PINs instantly from their handsets without having to contact the call centre. To access the service customers will be required to register a secret password with Airtel Money in advance, which will be used to validate future PIN
The National Microfinance Bank (NMB) has launched a special Executive Network for large scale and medium enterprises and emerging corporates with an annual turnover of at least 2.5bn/-. The NMB Chief Executive Officer, Mr Mark Wiessing, said at the launch at the weekend in Dar es Salaam that the network will initially be limited to
Digital River, a provider of Commerce-as-a-Service solutions, received a Customer Choice Award from CardNotPresent (CNP) for Best Subscription and Recurring Billing Program. The award was presented at the CNP Expo in Orlando on May 21, 2014. The awards honored the companies, programs and solutions that have distinguished themselves in the card-not-present space during the past
BitPay, world leader in business solutions for Bitcoin digital currency, announces a partnership to integrate bitcoin acceptance into VisualTouch, by Visual Information Products Inc. VisualTouch customers can add the option to pay with bitcoin with BitPay handling the payment processing. “We are truly excited to announce our partnership with BitPay in order to bring enhanced
A lack of interoperability is harming the mobile money market, with only ten operations reaching success out of the 150 launched in the past few years, according to Virginie Bonnot, mobile financial service sales director for Southern and Central Europe at Oberthur Technologies. Bonnot was speaking at the 2014 Mobile Money and Digital Payments conference,
