Entrust Datacard announced that it has launched the first integrated instant issuance kiosk solution in South Asia with State Bank of India (SBI). State Bank of India opened its first set of seven outlets immersed with digital capabilities in prime business districts and shopping malls in Mumbai, New Delhi, Bengaluru, Chennai, Kolkata and Ahmedabad. The
BJ’s Wholesale Club, Inc. unveiled its new My BJ’s Perks MasterCard, a rewarding credit card program that greatly enhances Member benefits. The program provides richer features including savings of 10 cents off per gallon of BJ’s Gas every day, earnings up to 5% back on purchases in club and at BJs.com, 2% back on eating out
American Express is expanding its presence in major domestic airports, announcing it will open The Centurion Studio at Seattle-Tacoma International Airport in 2015. Like The Centurion Lounges, The Centurion Studio will be a retreat for Card Members but in a smaller space, featuring some of the amenities Card Members say are most essential: comfortable seating,
FICO , the leading provider of analytics and decision management technology, announced that card-not-present (CNP) fraud accounted for three-quarters of card fraud cases and fraud losses in the UK from 2012-2014, based on the payment cards in the FICO Falcon Fraud Consortium for Europe. Despite the dominance of CNP fraud, UK issuers have used anti-fraud
With the October 2015 deadline for conversion to the EMV chip technology system less than a year away, banks and issuers are ratcheting up promotion of EMV enabled cards through enhanced customer communication and a shift in messaging within their credit card acquisition efforts. Chicago-based Competiscan has observed dramatic increases in direct mail acquisition offers
Dynamic Currency Conversion (DCC) sometimes referred to as Cardholder Preferred Currency (CPC) has been around for sometime, but there is a good deal of misunderstanding, hype, misinformation, opinion and mystery around its benefits and its detriments. DCC is a service that allows credit card holders to pay for goods and services internationally with their local
Mahindra Comviva, the global leader in providing mobility solutions, announced the debut of connectMoney Service Manager through a landmark deal with Econet Wireless, Zimbabwe. As a part of the first live deployment of connectMoney Service Manager, Econet Wireless has issued MasterCard debit cards which are linked to the EcoCash Wallet. This is the largest rollout
CPI Card Group, a global leader in financial and EMV chip card production and related services, announced the launch of its first EMV Prepaid card program in Canada with its long standing customer, Berkeley Payment Solutions. CPI has developed its EMV Prepaid solution to better serve its customers globally as the demand for higher security
MasterCard, World Food Programme and Poste Italiane have announced the launch of the world’s first integrated online donation platform helping Italians do good every day. The new platform will allow all Poste Italiane MasterCard cardholders to automatically fund micro-donations in aid of World Food Programme every time they use their card. The project presented
American Express announced the launch of its American Express Token Service, a suite of solutions designed to enable its card-issuing partners, processors, acquirers and merchants to create a safer online and mobile payments environment for consumers. With American Express Token Service, traditional card account numbers are replaced with unique “tokens,” which can then be used
