Kenya Commercial Bank (KCB) and Kenya Bus Services (KBS) have unveiled the Abiria card, which facilitates cashless payments on commuter buses in line with the government’s directive that all public service vehicles migrate to such methods by July 1. Competition is rife in the industry ahead of July 1, with HumanIPO reporting earlier this month
Visa Inc. has announced a new designation for consumer reloadable prepaid products in the US, aimed at simplifying fees, improving consumer protections and creating opportunities for cardholders to improve their financial health. The designation was developed in conjunction with industry thought leaders the Center for Financial Services Innovation (CFSI) and The Pew Charitable Trusts. “Consumers
Stanbic Bank Ghana has introduced the Stanbic MoneyWallet Multi-Currency Card, the first of its kind in Ghana. The new MasterCard-branded card offers a safer and more convenient alternative to foreign currency notes and allows both customers and non-customers of the Stanbic Bank to load and have access to up to four foreign currencies on a
Diners Club International Ltd., a business unit of Discover Financial Services and part of the Discover Global Network, and Bangkok Bank, a leading bank in Southeast Asia, will go live with merchant acquiring in Thailand. Under the agreement, merchants using the Bangkok Bank terminal network will be able to accept Diners Club International, Discover, BC
MasterCard has announced enhancements to its industry leading security efforts, providing U.S. cardholders with greater protection from fraud and identity theft. “Fraud prevention and detection is a 24/7 job at MasterCard. The changes that we’re making in cardholder protection combined with our efforts to move the U.S. payments industry to EMV chip technology will help
Semafone has further strengthened its position to become one of the few technology vendors to achieve the highest level of PCI (Payment Card Industry) certification, achieving the PCI DSS Level 1 accredited Service Provider status, confirming that its solutions are in line with the Payment Card Industry Data Security Standards (PCI DSS) for “Level 1”
MasterCard and the Bank of Punjab has announced the launch of the Social Security Program to automate and streamline government disbursement, subsidy and assistance programs. This first-of-its-kind initiative is aimed at driving financial inclusion in Pakistan and specifically in Punjab – the largest province in Pakistan. As part of this landmark agreement with MasterCard, Bank
MasterCard has won the Award for Financial Inclusion at the 2014 African Banker Awards, in recognition of its far-reaching achievements in extending financial inclusion across Africa. The Award recognises MasterCard as the company that best succeeded in delivering financial products and services to broad segments of society, thus contributing to financial inclusion, development and growth.
Credit cards gained market share against debit and prepaid cards for the third year in a row in 2013, according to the annual report on U.S. payment card spending at merchants published by The Nilson Report, the top trade newsletter covering the card and mobile payment industries. The purchase volume — spending for goods and
Heartland Payment Systems has is introducing Heartland Secure – a comprehensive credit/debit card data security solution that combines three powerful technologies working in tandem to provide merchants with the highest level of protection available against card-present data fraud. Featuring a breach warranty, this innovative solution is designed to provide merchants with protection against point-of-sale (POS)
