MasterCard launched Nigeria’s first Micro, Small and Medium Enterprise (MSME) focused Acceptance Development Program that will extend the security and convenience of electronic payments to merchants and their customers who previously depended on cash to transact. To kick off the program, MasterCard is partnering with First Bank of Nigeria and Guaranty Trust Bank Plc (GTBank)
Citizens Bank announced the launch of the Citizens Bank Cash Back Plus World MasterCard, a new credit card offering up to 1.8% cash back with no annual fee and none of the category restrictions or caps on rewards often found with other rewards cards. The new card is the latest offering from Citizens’ Bank Better
MasterCard appointed Betty DeVita as Chief Commercial Officer of MasterCard Labs, the company’s global research and development arm focused on payment innovations. In this role Betty will be responsible for developing and managing strategic partnerships focused on commercializing existing and future pipeline MasterCard Labs assets. Examples of current Labs innovations being commercialized include ShopThis! and
Visa Inc.launched its 20-city tour to educate small businesses and consumers about payment card chip technology (also known as EMV technology). The Small Business Chip Education Tour will commence at the Greater Austin Hispanic Chamber of Commerce Small Business and Entrepreneurial Showcase in Austin, Texas. Participants will have the opportunity to hear from payments industry
The Government of Egypt, represented by the Ministry of Communications and Information Technology, and MasterCard announced the details of a recent Memorandum of Understanding (MoU) that will aim to extend financial services to 54 million Egyptians. The announcement was made by H.E. Atef Helmy, Minister of Communications and Information Technology, and Ajay Banga, Chief Executive
Fiserv, Inc., a leading global provider of financial services technology solutions, announced the availability of The Card Collection from Fiserv for chip cards. As an alternative to ordering custom plastic and deploying a custom chip-card configuration, this new solution allows financial institutions using the Fiserv standard chip card configurations to more quickly and less expensively
ZAZOO, a business unit of Net 1 UEPS Technologies, Inc., announced that it has partnered with UBER, the innovative smartphone technology that connects riders with drivers, in South Africa. ZAZOO’s revolutionary VCpayTM mobile application enables people who do not own credit cards to create virtual MasterCards that can be used to pay for the UBER
Equity Bank Kenya has announced the launch of a prepaid card in conjunction with MasterCard. The card, which is readily usable to pay for bus fare in Kenya in line with the recent government directives on cashless bus fare payment system is more than a travel card. It is an all-purpose card that will be
Bluefin announced that it will provide its Decryptx PCI-validated Point-to-Point Encryption (P2PE) Solution to Heartland Payment Systems’ clients seeking a PCI-validated P2PE solution. Bluefin’s PCI-validated P2PE solution secures card transactions by encrypting all data within a PCI-approved point of entry swipe or keypad device, preventing clear-text cardholder data from being available in the device or
The CardLinx Association, the leading global organization promoting card-linking, has published the final versions of its first four standards to enable interoperability between the payments and digital marketing ecosystems. The standards have been developed by CardLinx Association working groups comprised of the leading global payment networks, merchants, banks, digital advertising publishers, payment processors, and card-linked
