BancNet, the largest interbank network service provider in the Philippines, has selected FIME, the world’s leading EMV migration service provider for domestic and international card payment schemes, to support the country’s migration to chip card technology. Following a mandate from Bangko Sentral Ng Philipinas, the Philippines’ Central Bank, BancNet is leading the program to migrate
TSYS announced the results of its 2015 Canadian Consumer Payment Choice Study. The second annual research found that when given a choice, 46 percent of Canadian consumers prefer to pay using their credit cards more than any other payment method. That’s up from 34 percent in 2014. The recent online survey of more than 1,200
The tourism industry is a popular target for credit card fraud, according to a leading payment services provider – but there are ways to manage the risk. “Accommodation establishments like hotels, guesthouses and B&Bs are especially vulnerable when it comes to last-minute bookings,” says PayGate head of business development Brendon Williamson. “Online booking services usually
Fiserv, Inc., a leading global provider of financial services technology solutions, has expanded its card production capabilities to include milling and embedding, enabling the company to complete the entire EMV chip card production process in house and streamline the migration to EMV chip cards for clients. With state-of-the-art milling and embedding technology, Fiserv adds to
Tourists who have recent plans to travel to Turkey will find that they can pay the visa fee by UnionPay cards as they apply for an E-Visa. UnionPay International announced Turkey’s electronic visa application page is now accepting UnionPay cards (card number starting with 62), providing more convenient and secure payment experiences to residents in
MasterCard announced it will offer tokenization services to merchants with app, eCommerce, and recurring billing card-on-file programs, further protecting consumers and increasing convenience when storing MasterCard cards in merchant databases. By expanding its Digital Enablement Services (MDES) to serve merchants’ needs, MasterCard continues to lead the industry in securing cardholder credentials – no matter where
MasterCard became the first payment network to provide tokenization services to private label (store-branded) credit card issuers, enabling merchants to take advantage of the latest digital payment innovations. BJ’s Wholesale Club, Kohl’s and JCPenney will be among the first retailers to bring mobile payments to their private label cardholders later this year. The company also
MasterCard has revealed that its digital payments platform, MasterPass, has been gaining momentum, driven by the increasing trend among consumers in using it for smaller ticket, everyday payments. MasterCard has also seen a surge in transaction volumes, with a monthly compound average growth (CAG) rate of 38% for MasterPass transactions in Asia/Pacific for 2014. This
From now on, Belgians can put the entire content of their wallet in MasterPass, a digital platform launched by MasterCard and implemented by Buy Way. Thanks to this digital wallet there will be no more waste of time looking for payment and loyalty cards, giving consumers the ability to make transactions in an easy and
FIME’s operation in EMEA has been accredited by Discover to certify that EMV chip cards and terminals meet the functional requirements outlined by the payment system in its D-Payment Application Specification (D-PAS) and Discover Network Zip Payment Specification. Following in the footsteps of FIME in America, the Discover accreditation of FIME in EMEA significantly expands
