Every day, billions of dollars are caught in non-real-time ACH money transfers across the globe. But according to a recent survey by ACI Worldwide, market experts believe real-time ACH payments will become a reality in the U.S. within the next two years. The survey of 120 financial industry professionals was conducted in April 2014 at
PayPal announced transformational changes to its brand identity, including the unveiling of a new logo. The new look reflects PayPal’s simplicity, convenience and security, redesigned for today’s dynamic, mobile-first world. This is the first time PayPal has updated its identity since 2007. “Our new brand identity goes far beyond an updated logo,” said David Marcus,
The National Microfinance Bank has been named the best bank in Tanzania in the East African Bank Awards for 2014. In the awards ceremony held here on Wednesday evening, Stanbic Bank won the first runner up position for Tanzania and the young and fast upcoming Bank M was named the third best in the country.
PesaPrint has launched a cashless fare payment system for Kenyan public service vehicles (PSVs), adding to the competition in the multi-billion transport sector. Business Daily reports PesaPrint’s cashless system interoperability enables it to accept mobile money payment services such as Safaricom’s Lipa na M-Pesa, MasterCard’s PayPass and Visa’s PayWave. Competition is rife in the PSV
Card and ePayment Africa Awards is an annual Pan Africa event with focus on technological advancements and innovation within the ePayment space. It provides a platform for all stakeholders in the industry to be recognized, rewarded and celebrated. The Award dinner and ceremony was held at the prestigious Michelangelo hotel in Johannesburg on the eighteen
MasterCard Incorporated has announced financial results for the first quarter of 2014. The company reported net income of $870 million, up 14%, and earnings per diluted share of $0.73, up 18%, in each case versus the year-ago period. Net revenue for the first quarter of 2014 was $2.2 billion, a 14% increase versus the same
ACI Worldwide a provider of electronic payment and banking systems, announced the availability of its EMV lifecycle management solution, ACI UP Token Manager, as a Software as a Service (SaaS) offering for US debit issuers. ACI is the first vendor to offer a SaaS-based EMV lifecycle management solution, which comes on the heels of the
Mobile Money by T-Mobile, which includes a T-Mobile Visa Prepaid Card, counts among its many available features access to a nationwide surcharge-free ATM network of 43,000 ATMs – the Allpoint Network. Allpoint is America’s largest surcharge-free ATM network and an affiliate of Cardtronics, Inc. Mobile Money is the combination of a money management app, a
Uganda’s Bank of Africa (BOA) has launched a mobile banking platform geared towards earning the bank a larger market share amongst those using mobile money as a way of doing business. Known as Mobile Wallet, the platform will make it easier for BOA account holders as well as those without accounts to send and receive
MFS Africa has announced the launch of mjara Loans, a mass-market mobile money-based loan product. mjara Loans builds on the company’s existing KwikAdvance salary-advance loan product. The mjara Loans service is available to all MTN Mobile Money users, and will be extended to other mobile networks later this year. MFS Africa research shows that the
