Official figures released by the global technical body EMVCo show that nearly 30% of all card-present transactions conducted globally between July 2013 and June 2014 used EMV chip technology. The data represents all EMV chip card-present transactions – both contact and contactless – as processed by EMVCo’s members, American Express, Discover, JCB, MasterCard, UnionPay and
Over 400 stores in Norway already accept contactless payment with both Valyou and contactless payment cards. 10 to 20 new stores are being added every week. The CEO’s of Norwegian banks DNB and SpareBank1 Group, and mobile operator, Telenor Group; demonstrated the contactless mobile payment solution, Valyou. The demo took place at the convenience store
Austria Card (Lykos Group) has announced it has produced and delivered to the Nigerian government identity cards with multiple innovative applications such as e-ID combined with biometrics, e-Health, voter-ID, pension-ID, and payment (EMV). In a statement, the company said the new identification documents will enhance security and public service in Nigeria. In all, the cards
Online shopping in Taiwan will soon be made simpler with the launch of MasterPass, MasterCard’s global digital payment solution, on November 19. MasterPass eliminates the need to enter detailed payment and shipping information with every purchase, and simplifies and speeds up the process of completing a transaction from any connected device. Today’s shoppers want simpler
South African consumer confidence has improved for the second half of 2014, according to the latest MasterCard Index of Consumer Confidence released. With a score of 58.7, a slight improvement of 2.4 points compared to last year’s score of 56.3, the Index currently describes consumer confidence as ‘neutral-positive’. Now in its eleventh year in South
MasterCard announced that it has appointed Safdar Khan to lead its growing Islamic payments business in Southeast Asia with immediate effect. Mr. Khan, who is currently country manager for Malaysia and Brunei, will also be promoted to the role of group country manager for Indonesia, Malaysia and Brunei. He will continue to be based in
Tanzania has reportedly lost six million US dollars (over 10bn/-) so far through cyber-related fraud crimes, that involve mostly card skimming and Automated Teller Machine (ATM) thefts. Speaking at the fourth International Commission on Science and Technology for Sustainable Development in the South (COMSATS) conference in Dar es Salaam, the Permanent Secretary (PS) in the
MasterCard will demonstrate its newest digital innovations including MasterPass, MasterCard Digital Enablement System (MDES) and wearable technology during a press event at the grand opening of its new technology hub in New York City. MasterCard will also showcase its MDES tokenization service enabling Apple Pay. The global payments and technology company houses emerging payments teams
MasterCard and Zwipe have announced their partnership for the launch of the world’s first contactless payment card featuring an integrated fingerprint sensor. The launch of the card comes after a successful live pilot with Norway’s Sparebanken DIN, aligned to the Eika Group, as an answer to the complex challenge of providing a fast, convenient payment solution
The Payments Security Task Force announced a forecast of participating acquirers estimating that at least 47 percent of U.S. merchant terminals will be enabled for EMV chip technology by the end of 2015. The estimates are based on forecasts provided by acquirers representing approximately 80 percent of U.S purchase volume. Organizations participating in the forecast
