EMVCo Promotes Confidence and Consistency for EMV CDCVM Solutions

Posted on by Staff Writer | 3423 Views | 10 min read

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

Remitly Partners with Visa to Enhance Cross-Border Money Transfer Service

Posted on by Staff Writer | 3293 Views | 8 min read

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,

Africa’s First UnionPay Payroll Card and Student Card Issued in Kenya

Posted on by Staff Writer | 3723 Views | 10 min read

UnionPay has been an international payment brand recognised by local consumers and institutions. UnionPay International recently announced that the partnership to issuing the first ever 300,000 payroll cards and student cards in Africa with Kenya Commercial Bank (KCB), the largest bank in East-Africa region. Cai Jianbo, CEO of UnionPay International, and Samuel Makome, COO of

Introducing Apple Card, a New Kind of Credit Card Created by Apple

Posted on by Staff Writer | 3681 Views | 24 min read

Apple® has announced Apple Card™, an innovative, new kind of credit card created by Apple and designed to help customers lead a healthier financial life. Apple Card is built into the Apple Wallet™ app on iPhone®, offering customers a familiar experience with Apple Pay® and the ability to manage their card right on iPhone. Apple

NatSave and Mastercard Sign Strategic Agreement to Drive Digital Transformation and Financial Inclusion in Zambia

Posted on by Staff Writer | 4644 Views | 9 min read

The National Savings Bank (NatSave) and Mastercard have signed a strategic partnership agreement, which will see the bank rollout Mastercard Chip and PIN prepaid and debit cards to provide its customers with a safer and more convenient alternative to transacting with cash. This is in line with the government’s goal of creating an inclusive and

E-commerce Forecast to Rise to 24% of Card Spending – RBR

Posted on by Staff Writer | 3185 Views | 9 min read

Source: RBR (www.rbrlondon.com) Online card expenditure growing at double digit rates and will continue to increase significantly faster than card spending at physical outlets to account for nearly a quarter of all card expenditure by 2023. Cardholders moving away from physical outlets in search of lower prices and convenience Research from RBR analyses the role

FSS Makes Strategic Investment in Africa-based Ecentric Payment Systems

Posted on by Staff Writer | 5079 Views | 13 min read

FSS (Financial Software and Systems), a global PayTech company, has announced a strategic investment in Ecentric Payment Systems, a Standard Bank subsidiary and a leading payment processor in South Africa. FSS has acquired a 46% stake in Ecentric through a combination of primary and secondary investments, with a potential to further its stake holding. FSS,

The World’s First Volume Order of Fingerprint Sensors for Dual-Interface Payment Cards

Posted on by Staff Writer | 3262 Views | 8 min read

Fingerprint Cards’ (Fingerprints) technology has been selected by Gemalto to bring additional performance to its next generation of dual interface payment cards. Gemalto, the world leader in digital security, will offer biometric EMV payment cards to its bank customers, using Fingerprints’ T-Shape sensor and licensing the recently-launched Biometric Software Platform for payments. The initial order

SBM Brings World Elite Mastercard to Mauritius

Posted on by Staff Writer | 4473 Views | 13 min read

SBM launched the World Elite Mastercard credit card, providing its high net worth cardholders with a range of priceless benefits and privileges that can be accessed at home and abroad. This is the first launch of World Elite Mastercard in Mauritius. During the launch ceremony held at Le Chateau de Labourdonnais in Mapou on Friday

Martina Hund-Mejean, Mastercard’s Chief Financial Officer, to Retire in 2019

Posted on by Staff Writer | 3115 Views | 9 min read

Mastercard has announced that Martina Hund-Mejean, chief financial officer, will retire after more than a decade in the role. Sachin Mehra, chief financial operations officer, will succeed Hund-Mejean as CFO on April 1, reporting to Mastercard president and chief executive officer, Ajay Banga. Hund-Mejean 2017 – BW“We have always been deliberate in the way in