CPI Card Group, a global leader in financial and EMV chip card production and related services, announced that the company received the Center of Excellence award for the second consecutive year at the Smart Card Alliance’s annual member meeting. This program recognizes member companies who reach the highest level of active participation in the Smart
MBNA has, in partnership with MasterCard, launched a trial of a digital wallet. Once the trial is complete in early 2015, the MBNA Wallet could be quickly rolled out to customers. This will enable customers to securely store their credit and debit cards in their ‘e-wallet’ and, at the checkout for their online shopping, select
American Express announced the opening of a new technology hub in Palo Alto, expanding its presence in Silicon Valley. The new team being assembled will focus on innovations in big data, cloud computing and mobile infrastructure. “Technology innovation is driving the company’s ongoing digital transformation, and our team in Silicon Valley is focusing on core
Kenya and East Africa are actively transitioning to cashless payments systems. East Africa’s economies are largely cash based informal economies with its associated costs. Challenges in aggregating national transaction data, consumer spending patterns, tax administration – there is really no shortage of incentives. “With no means to track sales, little data is available, and channels
MasterCard has announced the launch of MasterPass in France and Russia expanding the MasterPass footprint to seven countries in Europe and 16 countries worldwide. MasterPass is the only global digital platform to eliminate the need to enter detailed payment and shipping information with every purchase, simplifying and speeding up the process of completing a transaction
Mastercard and National Microfinance Bank (NMB) have agreed to roll out 1.5 million MasterCardpayment cards in a move aimed at reducing cash dependence and enhance financial inclusion. As a result of the partnership, NMB will issue secure EMVChip and PinMasterCard prepaid, debit and credit cards over the next seven years. The cards will feature MasterCard’s
MasterCard announced the launch of MasterCard Labs for Financial Inclusion, a new initiative seeking to impact more than 100 million people globally by developing practical and cost-effective financial tools that expand access and help build stable futures over the long term. Through an $11 million grant over three years from the Bill & Melinda Gates
Over the past few years, small merchants have grown their businesses and accepted credit cards for the first time without having to pay big fees that turned them off initially to taking credit. But big changes are coming, in the form of an all-new type of credit card, and all but certain higher costs. Companies
Boost Mobile Wallet and Sprint Money Express, powered by Wipit, provide consumers an easy way to make payments from their smartphone or prepaid Visa or MasterCard with no credit check or monthly fees. Using these apps, consumers can load checks for instant access to cash, get paid faster with direct deposit, pay more than 3,500
Residents of the United Arab Emirates will now benefit from a more seamless, speedy and secure online shopping checkout with the launch of the innovative, global MasterCard digital service, MasterPass. MasterPass offers consumers a hassle-free way to make convenient, simple, fast and secure payments online. Digital wallets powered by MasterPass will allow consumers in the
