MasterCard Becomes First Network to Add Tokenization Support for Private Label Credit Cards for use in Digital Wallets

Posted on by Staff Writer | 11186 Views | 11 min read

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

MasterPass Now Available to More than 40 Million Consumers Across Asia/Pacific

Posted on by Staff Writer | 5896 Views | 17 min read

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

MasterCard and Buy Way launch MasterPass in Belgium

Posted on by Staff Writer | 9641 Views | 11 min read

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 Discover Portfolio Grows

Posted on by Staff Writer | 7662 Views | 5 min read

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

MasterCard Becomes First International Payments Network to Enter Somalia

Posted on by Staff Writer | 12092 Views | 11 min read

At the World Economic Forum on Africa, MasterCard announced its partnership with Premier Bank, becoming the first international payments network to enter Somalia. As a result of the partnership, Premier Bank will now issue and accept the first MasterCard-branded payment cards in Somalia, a country that hasn’t had any form of formal banking service since

Visa Announces New Commercial Standard for Mobile Payments

Posted on by Staff Writer | 6198 Views | 7 min read

Visa Inc. announced a new program that connects financial institutions and technology companies to simplify and accelerate the roll-out of new payment and commerce services. Visa’s new Digital Enablement Program (VDEP) builds on the company’s secure token technology and adds a turn-key, toll-free commercial framework accessible to more than 14,500 Visa financial institution clients and

Bank of New Zealand Launches New Payclip with Enhanced Card Reader

Posted on by Staff Writer | 6859 Views | 13 min read

Mint Payments is pleased to announce that its partnership with Bank of New Zealand (“BNZ”) has resulted in the successful deployment and enhancement of BNZ’s “PayClip” payments product, which now enables business owners in New Zealand to accept the full spectrum of card payments, including Visa, MasterCard and EFTPOS through methods such as NFC Contactless,

Russian Petrol Retailer EKA Launches Contactless EMV Cards from Gemalto

Posted on by Staff Writer | 6363 Views | 6 min read

Gemalto, the world leader in digital security, announces that Russian petrol retailer EKA will migrate existing payment cards to Gemalto’s Optelio PURE contactless solution. These new private label cards bring a robust defense against fraud and enhanced convenience for the end users. The cards are being deployed from April 2015 and are fitted with the

FIS Clear2Pay OTS Group Confirmed by VISA as a Chip Vendor Enabled Service (CVES) Provider

Posted on by Staff Writer | 8387 Views | 6 min read

FIS, a global leader in banking and payments technology as well as consulting and outsourcing solutions, announced that its FIS’ Clear2Pay Open Test Solutions group has been confirmed by Visa for Chip Vendor Enabled Service (CVES) to help streamline and support the deployment of EMV enabled contact and contactless payment devices in the United States.

MasterCard Makes Sending and Receiving Money Faster, Easier and More Secure with MasterCard Send

Posted on by Staff Writer | 9037 Views | 15 min read

MasterCard launched MasterCard Send – a first-of-its-kind personal payments service that enables funds to be sent quickly and securely to consumers domestically and internationally. Through a single connection to the MasterCard Send platform, businesses, merchants, governments, non-profits, issuers and other senders can send money to consumers whether they are banked or unbanked, and located domestically