Mastercard and MegaFon have presented two joint initiatives at the interface between telecommunications and banking technologies at Mobile World Congress 2018 held in Barcelona from February 25 through March 1. Starting from March 1, MegaFon’s subscribers will be offered an opportunity to link their mobile phone account to Apple Pay or Samsung Pay by creating
Visa has introduced Token Management Service, a solution designed to unify management and secure customer payment data. Token Management Service enables an integrated view of payment preferences and behaviors across a merchant’s commerce platforms, processing environments, geographies, payment types and card brands. Seventy percent of the world, or more than 5 billion people, will be
‘Afirme E-fectiva’ is a unique card program for corporate clients. Afirme will launch its new corporate debit card ‘Afirme E-fectiva’ in Mexico in collaboration with Wirecard, the international provider of digital financial technology based in Germany. This new card program is exclusively for corporate clients, which includes companies and governmental agencies. By entering into the
Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), a leading commercial bank in Vietnam, has announced the successful migration of its debit card transactions to the TranzWare suite of products from Compass Plus. “Card migration to the TranzWare system has been implemented successfully through 2017. The migration not only helps to improve TranzWare’s
Visa and Dynamics today unveiled the Dynamics Wallet Card™, a connected payment card, at the 2018 Consumer Electronics Show (CES). The Visa-branded version of the Wallet Card is the same size and shape as a normal Visa credit or debit card, yet it incorporates multiple features and technologies not previously found in a single payment
Mastercard SpendingPulse today reports that holiday sales increased 4.9 percent this year, setting a new record for dollars spent. This is the largest year-over-year increase since 2011 and a further indication of consumer confidence. Online shopping also saw large gains of 18.1 percent compared to 2016, boosted by a late season rally. The SpendingPulse report
Gemalto, the world leader in digital security, has been selected by Bank of Cyprus to supply the world’s first EMV biometric dual interface payment card for both chip and contactless payments. Using fingerprint recognition instead of a PIN code to authenticate the cardholder, the card is compatible with existing payment terminals already installed in the
A new Visa survey of 1,000 Americans exploring awareness and perceptions of biometric authentication confirms that consumers continue to have a strong interest in new biometric technologies that make their lives easier. New forms of authentication, such as fingerprint, facial, and voice recognition, can make unlocking accounts and payments much easier and more convenient than
ProvidusBank launches the World Elite Mastercard offering in Nigeria, providing affluent consumers and frequent travelers with a range of priceless travel benefits and lifestyle privileges both at home and abroad. This is the first launch of World Elite Mastercard in Sub-Saharan Africa. During an impressive launch ceremony held in Lagos over the weekend, Managing Director/CEO,
Growth in card usage outpaces growth in card numbers as a result of contactless technology and wider acceptance. Increasing contactless usage and rising card acceptance fuel cards boom The total number of card payments worldwide increased by 14% to 310 billion in 2016, notably higher than the 8% increase in card numbers, according to RBR’s
