The US National Retail Federation has said a proposed new class action settlement, which purports to resolve claims that Visa and MasterCard set credit card swipe fees in a multi-billion dollar price-fixing scheme, largely resembles part of an agreement that both a federal appellate court and the retail industry had already rejected. “The monetary settlement
EMVCo has announced the availability of the full EMV 3-D Secure (EMV 3DS) Test Platform, which enables the functional testing of EMV 3DS solutions. 3DS product providers can now confirm whether their solutions will perform in accordance with the EMV 3-D Secure Protocol and Core Functions Specification v2.1.0, or its EMV 3-D Secure – SDK
Orient Bank Uganda Limited and UnionPay International have announced recently that UnionPay Cards are now accepted at all ATMs and POS terminals of Orient Bank in Uganda. Orient Bank is one of the leading and fastest growing banks in Uganda and currently has more than 25 ATMs and 200+ Points of Sale in Uganda. Announcing
SABRIC (The South African Banking Risk Information Centre) would like to allay any fears that bank clients may have about contactless bank cards or “tap & go”, in the wake of a video that has been doing the rounds on social media. “A video trending on social media may have created the incorrect impression that
Visa, the Official Payment Services Partner of FIFA, has released an analysis of spending inside the 2018 FIFA World Cup Russia™ stadiums from the opening match on June 14 through the semi-finals on July 11. The data highlights the increased consumer adoption of innovative payment technology, as fifty percent of purchases with Visa in tournament
Diebold Nixdorf has announced a partnership with Mastercard to deliver an industry-defining, managed solution for the banking and retail sectors. The solution combines Diebold Nixdorf’s expertise in omni-channel innovation and consumer transactions on the front-end, with Mastercard’s state-of-the-art processing services and extensive global network capability on the back-end. The holistic, single-window solution, leveraging Diebold Nixdorf
Heritage Bank Plc has said it is committed to innovative banking services through its transparent MasterCard. Head of Corporate Communications of the bank, Mr. Fela Ibidapo disclosed this in a statement over the weekend, remarking that; “that is the philosophy behind the bank’s e-payment offerings.” According to him, there is more to e-payment than Nigerian
The payments platform of choice for many of the world’s leading companies, today announced its direct API integration with the Mastercard Account Updater service. Qualified merchants processing with Adyen globally can now increase revenue from card-on-file payments by automatically updating Mastercard accounts in real time. The direct API connection helps to prevent card declines due
Mastercard has announced an initiative to create greater payment consistency by making “tap and go” standard in the next five years. The changes underway ensure that consumers, merchants and governments around the world will be able to take advantage of next-generation digital technology which deliver greater security and convenience. Beginning later this year, Mastercard will
UnionPay International (UPI) and Post Bank Uganda (PBU) have entered into a cooperation agreement. As a result of the partnership, EMV-compliant UnionPay debit cards will be issued in the Uganda market for the first time. Post Bank Uganda is one of the largest and leading Commercial Banks in Uganda and it owned by the government
