Kenya Bankers Association: Bankers, Payments Firms and Retailers in Drive to Reduce Consumer Exposure to Fraudsters

Posted on by Staff Reporter | 17934 Views | 12 min read

Consumer education will play a central role in addressing emerging security challenges. During the launch of the Kaa Chonjo! (Be Alert!) card, mobile and online safety awareness campaign, players in the financial, payments and retail sectors highlighted the importance of continuing to empower the public with information on fraud prevention. In his remarks, Kenya Bankers

Entersekt: AI in Payments – it’s Safer for Everyone When Machines Know Us Best

Posted on by Staff Reporter | 12350 Views | 20 min read

The competitive advantage in modern business relies more and more on the customer experience. With the availability of technologies such as AI, data has become the most valuable asset. AI is turning our online behaviour, and even our common mistakes and typing quirks, into an effective way to keep us safe while making our user

Visa, Bantu Collaborate to Foster Financial Inclusion in Africa, Other Economies

Posted on by Staff Reporter | 41332 Views | 15 min read

Visa, the world leader in digital payments, is collaborating with the Bantu Blockchain Foundation (Bantu), custodians of the Bantu Blockchain Network infrastructure, to connect its digital asset-linked Visa cards to the Bantu Network Token (XBN), a utility token developed by Bantu to facilitate fast and secure transactions on the Bantu blockchain. This integration is expected to directly

Ukheshe Processes First Live Instant Payments in MEA with Mastercard Track Instant Pay

Posted on by Staff Reporter | 15327 Views | 14 min read

The first businesses in the Middle East and Africa region have started to experience the seamless ease of Mastercard’s Track Instant Pay solution, in partnership with leading pan-African fintech enablement partner, Ukheshe Technologies. Track Instant Pay is a next-generation virtual card solution that uses machine learning and straight-through processing to enable instant payment of supplier

Firstbank Rewards Customers with 50 Million Naira Worth of Prizes in Verve Card Campaign

Posted on by Staff Reporter | 12371 Views | 8 min read

FirstBank, Nigeria’s leading financial inclusion services provider has urged its customers to take advantage of the Bank’s ongoing Verve Card campaign designed to reward customers for their continued usage of the Verve debit Card. The Eight-week promo will end on Wednesday, 30 March 2022 as 2,601 customers will win various prizes. These prizes include: N20,000

UnionPay International Taps Fiserv to Further Global Expansion

Posted on by Staff Reporter | 15713 Views | 11 min read

Fiserv, Inc. has announced the expansion of its relationship with UnionPay International, a wholly owned subsidiary of China UnionPay, one of the world’s largest payment networks. The collaboration will allow UnionPay to grow on a global scale by facilitating the issuance of virtual and physical UnionPay cards across international markets. Additionally, UnionPay will leverage the

Mastercard Unveils Next-Generation Virtual Card Solution for Instant B2B Payments

Posted on by Staff Reporter | 17284 Views | 14 min read

The new, first-of-its-kind virtual card solution is integrated with Mastercard Track Business Payment Service to deliver greater choice, faster payments and improved efficiency for buyers and suppliers Mastercard has announced the launch of Mastercard TrackTM Instant Pay, a next-generation virtual card solution that uses machine learning and straight-through processing to enable instant payment of supplier

Visa brings Digital Payments and Exclusive Experiences to the TotalEnergies AFCON 2021 in Cameroon

Posted on by Staff Reporter | 21538 Views | 12 min read

Visa, the exclusive digital payment service provider of the TotalEnergies Africa Cup of Nations (AFCON) 2021, is marking this year’s competition in Cameroon by creating new one-of-a-kind experiences for cardholders and football fans and looking to further help expand access to the financial system in Africa. Visa is a global payments technology company that connects the world

PCI Security Standards Council Updates Card Production and Provisioning Security Standard

Posted on by Staff Reporter | 15862 Views | 8 min read

Version 3.0 to Improve the Secure Manufacture, Production and Delivery of Payment Cards Today the PCI Security Standards Council (PCI SSC) announced the availability of the PCI Card Production and Provisioning Security Requirements version 3.0. The updated standard helps payment card vendors secure the components and sensitive data involved in the production of payment cards, protecting

SASSA Concerned by Beneficiaries Still using Old Cards

Posted on by Staff Writer | 24372 Views | 11 min read

The South African Social Security Agency (SASSA) is pleased to announce significant progress in migrating beneficiaries of social grants from the old SASSA card to the new gold SASSA card. The old white SASSA card has reached expiry date and it however deeply concerns SASSA that some beneficiaries are still holding on to the old