CRDB Bank in Tanzania has launched a Visa/MasterCard – enabled prepaid card for the Kilimanjaro Christian Medical Centre (KCMC) to reduce cash transactions at the referral hospital in Moshi, Kilimanjaro Region. The Visa/MasterCard dubbed Tembocard KCMC card launched in Moshi are aimed at streamlining payments made by patients to further optimize revenues for the hospital.
MasterCard and Visa have announced the formation of a new cross-industry group focused on enhancing payment system security to keep pace with the expectations of consumers, retailers and financial institutions. The group will initially focus on the adoption of EMV chip technology in the United States, in addition to addressing other security-related topics, including tokenization,
South Africans are abandoning cash for card payments, cutting banking costs by reducing the need to transport money, according to First National Bank (FNB). The bank reported in December card payments were ZAR3 billion (US$289 million) higher than cash withdrawals, though this had fallen again by January. “The gap between purchases made with banknotes compared
MasterCard has announced its expansion into seven new markets across Central and West Africa, increasing its acceptance footprint across the continent and securing a number of strategic agreements. The addition of Chad, Central African Republic, Guinea-Bissau, Liberia, Sierra Leone, Rwanda and The Gambia to the MasterCard network extends the company’s presence to 48 of the
American Express has introduced the Amex EveryDay Credit Card, a new no annual fee credit card that puts a twist on the traditional rewards program. The Card will be available by April 2, 2014. This new kind of credit card from American Express rewards Card Members for how often they use the Card, and not
Visa Inc. has announced that it has completed technical development of a new service aimed at detecting and preventing fraud schemes that target the use of prepaid cards. Visa’s Prepaid Clearinghouse Service (PCS) is a centralized database that allows financial institutions, processors and prepaid program managers to share prepaid card data such as enrollments, load
Prepaid debit card use is on the rise. According to the recent Pew Prepaid Cards Research Project, the prepaid debit card industry is a fast-growing, multi-billion dollar segment serving tens of millions of consumers. “There are many reasons consumers use preloaded debit cards,” said Ben Katz, CEO of CARD.com, a leading provider of reloadable, prepaid
Holders of UBA payment cards like Visa, MasterCard and Verve are being given an opportunity to get significant discounts on their card payments as UBA enters into a partnership deal with Parolz.com, an online platform which offers exclusive discounts and benefits from top outlets in Nigeria. The offers range from Dinning to Lifestyle,Hospitality, Transportation and
Visa Inc. and First Data’s STAR Network announced an agreement to share Visa’s common debit solution offering issuers, acquirers and merchants a streamlined and cost-effective approach for debit EMV chip adoption. EMV cards contain an embedded computer processor or a chip that generates a one-time code for each transaction making it nearly impossible for criminals
Bharti Airtel, a telecommunications services provider with operations in 20 countries across Asia and Africa has partnered with leading global payments technology company VISA and Chase Bank, an SME bank in Kenya, to provide its Airtel Money subscribers in Kenya with a new Airtel Money Visa card. The Airtel Money VISA card will allow Airtel
