Commercial cards, consisting of Business, Corporate, Purchasing and fuel cards, benefit businesses by controlling expenditure and reducing cash handling costs. Nevertheless, according to RBR’s new study Commercial Cards in Europe 2015, in many countries the sector is still not well established, and represents a major, unexploited opportunity for banks. Looking ahead, the issuance of commercial
CardFlight, a leader in mobile point of sale (POS) technology announced that its suite of mobile solutions has been certified by TSYS, a leading global payments provider, to accept EMV “chip card” payments. This will enable merchants who process payments through TSYS to accept EMV payments on iOS and Android devices. Effective October 1, 2015,
MasterCard announced the new startups comprising the first global Start Path class. During the six-month program, customized mentoring from MasterCard experts, in addition to access to the company’s commercial partners and the opportunity to integrate with MasterCard solutions. The startups will also have access to nearly 40 startups who have been previously mentored by Start
Speaking at the Retail Congress Africa in Cape Town recently, James House CEO of 5one, a global retail consultancy purchased by MasterCard in 2014, discussed how the evolving retail environment is changing the way retailers must engage with their customers. Customers are no longer relying on just one channel when making a purchase and this
There is a digital convergence happening in the payments space. Online shopping, mobile devices, and pervasive connectivity are redefining the roles of ‘traditional’ and ‘emerging’ payments systems, while mobile devices are blurring the lines between card-not-present and card-present transactions. Payments Afrika attended the recent Retail Congress Africa conference and had an opportunity to speak to
The number of merchant outlets worldwide accepting card payments is set to double from 46.6 million at the end of 2014 to 90.3 million by 2020. This is one of the findings in RBR’s new report, Global Payment Cards Data and Forecasts to 2020. While Visa and MasterCard are currently accepted at 78% of outlets
FIME announces that its EMEA testing laboratory, in France, has been accredited by MasterCard to offer functional testing to mobile payment solution providers and payment issuers developing applications based on the MasterCard Cloud Based Payments (MCBP) specifications. The global market for HCE and cloud-based payments is booming. The respective launches of Apple Pay, Samsung Pay
MasterCard introduced a new program that will bring MasterCard payments to a wide array of consumer products across the automotive, fashion, technology, wearables, and yet to be imagined categories. The program gives consumers the freedom to shop using the device or thing that is most convenient to them, with the highest level of security available.
SwaziBank announced the launch of the MasterCard Festive Campaign in Swaziland, just in time for the festive season. The Campaign will reward the banks customers for purchases made on weekends only during the months of October to December 2015, when they use their MasterCard debit card for purchases at selected malls. SwaziBank customers will be
The FreedomPay Commerce Platform has been approved as a payment gateway for EMV on First Data, a global leader in commerce-enabling technology and solutions. First Data is at the forefront of EMV expertise and readiness as the company has been producing EMV-enabled cards and processing EMV transactions for years. “FreedomPay’s EMV certification combined with P2PE
