Mastercard and Edenred has announced the first regional test of biometric card technology in Mexico. The effort, focused on state benefits programs, features an embedded fingerprint sensor that provides an additional layer of security to conveniently verify the cardholder’s identity for in-store purchases. “The Administration for Sonora state is committed to technological innovation and the
First National Bank Namibia has announced today that UnionPay cards are now accepted at all FNB Point of Sale terminals nationwide. “This means that close to 4500 FNB merchant terminals now enabled for UnionPay cardholders around the world to enjoy easy, convenient and secure payment experiences when visiting Namibia, from shopping, dining, to transportation and
UnionPay International announced today that the partnership with Steward Bank Limited (Steward Bank), which is the one of the largest banks in Zimbabwe, to issue 150,000 UnionPay international prepaid cards and 50,000 inclusive debit and credit cards. The international prepaid cards will be used by Zimbabweans traveling abroad, while the debit cards will be used
IDEMIA, the global leader in Augmented Identity, is delighted to announce its partnership with Kuwait Finance House (KFH) to offer the first metal payment card in the country. This full-metal-card is the most premium product of the IDEMIA Smart Metal range. Long considered a pioneer in Shar’iah compliant banking and one of the foremost Islamic
In a first for the retailer, Shoprite Nigeria was among the winners at this year’s Electronic Payment Incentive Scheme (EPIS) Efficiency Awards. The retailer won in the category Merchants (Point of Sale) for recording the highest volume of cashless transactions in 2018. The EPIS Efficiency Awards celebrate, among others, financial institutions and merchants driving electronic
SASSA completed the switch over to its new gold card in December 2018 and managed to swap over 7 million old cards for its new card. The rest have filled in the bank transfer form and receive their grants directly through their private bank accounts. Over 12 million beneficiaries receive social grants in South Africa.
OpenWay, a global leader in digital payment processing software, has announced the successful integration and compatibility of its WAY4 payment processing platform with the Gemalto SafeNet Payment Hardware Security Module (Luna EFT 2). This means that processors, card issuers and merchant acquirers that are already using this HSM do not need to invest in additional
UnionPay International recently announced that the achievement in partnership in acquiring, issuing, and mobile payment with National Microfinance Bank (NMB), one of the largest commercial bank in Tanzania. It is expected that by the end of 2019, the acceptance rate of UnionPay cards will reach 90% in Tanzania. Cai Jianbo, CEO of UnionPay International, and
The deployment of Consumer Device Cardholder Verification Method (CDCVM) solutions across the payments ecosystem is increasing. EMVCo is therefore working to promote confidence and consistency by identifying and addressing specific security, functional and performance needs for CDCVM. With traditional Cardholder Verification Methods (CVM), consumer authentication is performed on the merchant system (a PIN entered into
Visa Direct offers Remitly customers the choice to send cross-border payments to recipients’ eligible Visa cards Remitly has announced an agreement to further modernize the sending and receiving of funds internationally by adding another fast, secure and transparent channel to the Remitly digital money transfer platform through Visa Direct, Visa’s real-time push payments platform. Working together,
