The Western Union Company, a leader in global payment services, together with Lottomatica and MasterCard announced the launch of the My WU® reloadable prepaid card in Italy. Lottomatica, the brand through which GTECH S.p.A operates in Italy, is one of the most trusted and well-known brands in Italy, is the first company in Europe to
Leading Regional East African retail chain Nakumatt Holdings Limited today launched the Nakumatt Global Prepaid MasterCard card, in partnership with Kenya Commercial Bank and Diamond Trust Bank. The new card, which is EMV compliant, replaces the current Nakumatt Cybercash loyalty smartcard and provides a range of enhanced benefits and security features. With the multicurrency Nakumatt
MasterCard is announcing an exclusive, global partnership with the world’s leading parking services provider, Parkeon, to enable shoppers to benefit from local merchant offers and loyalty services through their global network of smart parking terminals. This unique couponing platform, developed by MasterCard, will enable the delivery of offers from locally relevant retailers directly to shoppers
One year on from the easing of US sanctions in Myanmar, MasterCard and CB Bank have announced their first payment product in the country – a prepaid travel card for locals called the CB Bank EASI Travel Prepaid MasterCard card. The reloadable prepaid card will be made available to Myanmar residents for when they travel
ARM Insight, Inc., a provider of transactional analytics and business intelligence for the prepaid debit card industry, announced that it has signed a reseller agreement with FIS Global. The reseller agreement allows FIS Global to market ARM’s Prepaid Management Platform (PMP), to bring advanced analytics capabilities to banks and other financial institutions on its FIS
MasterCard has announced the launch of the Priceless Africa campaign in Nigeria, a part of the global Priceless Cities campaign; that aims to reward consumers in Nigeria for their loyalty and to enhance their journey towards embracing cashless transactions. Nigeria will be joining the current 26 MasterCard Priceless destinations across the globe, as consumers get
One frequently overlooked business expense is credit card processing. Owners tend to grab the first offer they receive. Since it is typically only a small percentage of each sale, many business owners do not think twice about how much it costs them each month. If you’re still using the same credit card processing company you
Discover Financial Services has become the latest payment network to join the growing membership of EMVCo, the EMV® standards body. Discover will work alongside EMVCo’s existing members to manage and evolve the contact and contactless EMV industry specifications to facilitate worldwide interoperability and acceptance of secure chip payment instruments. Discover has acquired a one-sixth share
Payment solutions firm Paynet Group has announced an upgrade of its systems for issuing EMV chip cards, as Kenya moves towards the March 2014 deadline for switching to the new technology. Karimi Ithau, Paynet Group general manager, said the company has also invested in security standards in data centres to safeguard against rising cases of
Chase Bank (K) Limited, Naivas Supermarket and Visa have announced a partnership to launch a secure prepaid card for shopping convenience in Kenya, featuring the latest chip-based technology to cut the risk of fraud. The prepaid card, which is based on EMV chip technology, allows users to better manage their finances by eliminating the need
