Visa’s logo is visible almost everywhere during soccer’s World Cup, but its reception may be a little frosty at baseball’s All-Star game Tuesday. That’s because the Minnesota Twins, which are hosting the game, are suing Visa and MasterCard for gouging them every time a fan buys a ticket with a credit card. These unfair, uncompetitive
MasterCard’s Multi-currency Cash Passport, a prepaid Chip and PIN-protected travel card, is now available from 54 American Express Foreign Exchange bureaux countrywide. As the only product of its kind in South Africa that can be preloaded with up to four currencies (U.S. Dollars, Pound Sterling, Australian Dollars and Euros) at once, the MasterCard Multi-currency Cash
Visa Inc. the global leader in payments, has released the second installment of the Visa Everywhere Travel Report for the 2014 FIFA World Cup Brazil. The report, which analyzes travel data and spending through the use of Visa credit, debit and prepaid cards, found that some smaller Brazilian cities, which are hosting tournament games, realized
The 2014 Debit Issuer Study, commissioned by PULSE, found sustained growth in both consumer and business debit in 2013. Financial institutions weathered the Target data breach and are looking for solutions to enhance security, with many issuers now planning to implement EMV debit, the study shows. Debit program performance continues to improve, as active cardholders
A global fraud study of more than 6,100 consumers across 20 countries revealed that one in four consumers is a victim of card fraud in the last five years. The study, conducted by ACI Worldwide and Aite Group, also highlighted that 23 percent of consumers changed financial institutions due to dissatisfaction after experiencing fraud. Card
Visa Inc. has released the Visa Everywhere Travel Report for the 2014 FIFA World Cup Brazil, which analyzes travel data and cross border spend on all Visa products, including credit, debit and prepaid payment cards. During the four-day opening period of the tournament (June 12 – June 15, 2014), Visa found that international visitors spent more than US$27M
Years of complacency among businesses and indifference among consumers regarding data breaches were effectively shattered in 2013. In the same year as one of the largest data breaches in history, the misuse of breached consumer data hit a record high, raising the issue of data breaches into the public consciousness. Javelin Strategy & Research has
SwaziBank has announced its collaboration with MasterCard, becoming the first locally owned retail and commercial bank licensed by the global payments technology company in Swaziland. By enabling acceptance of MasterCard products on SwaziBank’s ATM network around the country, the number of ATMs now accepting MasterCard payment cards in Swaziland increases by a substantial 25 percent.
Kenyan startup Buymore is offering students discounts on their favourite brands and merchants through an electronic card, and has signed up 20 stores for the programme so far. HumanIPO reported last month Buymore was named a finalist for this year’s edition of the PIVOT East conference to be held in Nairobi on June 24 and
Acquirer Systems, a leading provider of test and validation solutions to the international payments market, has launched its EMV Training Programme at a breakfast briefing in Johannesburg, South Africa. The launch is taking place in the presence of Ireland’s Ambassador to South Africa, His Excellency Brendan McMahon and Irish Minister for Trade and Employment Joe
