First Data Corporation and Oberthur Technologies announced a strategic partnership to manage and promote EMV in the United States. First Data is a global leader in electronic commerce and payment processing. Oberthur Technologies is one of the world’s largest providers of security and identification solutions and services based on smart card technologies. The partnership will
CardCash.com, the web’s largest secure secondary gift card exchange, announced that it has secured $6 million in growth financing from Guggenheim Partners, a global financial services firm. CardCash said it will use the funding to continue to enhance its popular exchange on which consumers can buy, sell, and trade the estimated $30 billion of unused
Since its launch in May this year, Absa’s Multi-currency prepaid travel card has generated 12 000 card sales and more than R250 million in transactions. From a zero base six months ago, the service now accounts for 77% of all Absa travel card sales. In a first-to-market in South Africa, the cash passport allows South
Green Dot Corporation and Walmart announced they have expanded the line of Walmart MoneyCard® reloadable prepaid debit cards to include six new card types designed to meet the needs of their growing customer base. Issued by Green Dot, the Walmart prepaid debit card portfolio now includes nine cards, and is available in more than 4,100 Walmart
FNB reports that monthly non-cash purchases by customers in its Consumer Segment have surpassed cash withdrawals at its ATMs by R800m. The dominance of card over cash is very new in the financial services sector. Two years ago, FNB Consumer Segment customers withdrew R1.3bn more in cash than the value of card purchases. Across the
NextWorth, a leader in consumer electronics upgrades and trade-ins, announces a new payment method for its customers – the NextWorth Discover® prepaid card. A first in the electronics trade-in industry, the NextWorth prepaid card adds another convenient payment method to the NextWorth platform and can be used everywhere Discover is accepted. Now, when customers trade-in
In line with its commitment to enhance electronic payment card penetration in Egypt, MasterCard announced the appointment of Emerging Markets Payments (EMP), the leading electronic payments processing company in the Middle East and Africa region, as a Principal Member in Egypt. Through this, EMP will be able to sponsor issuers in Egypt and other African
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
