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
Arsenal Football Club has announced a partnership with Imperial Bank to issue co-branded debit cards throughout Kenya and Uganda. The three year partnership is the first major international financial agreement of its kind for Arsenal, and continues to build on the strong support for the Club in Africa. The card will offer a range of Club-related
Xpertek Group’s loan finance solution, Acquire, is now being used in the consumer credit market, for online shopping, and in the cellular product space. Subsequent to the launch of the credit card solution last year, Xpertek implemented the solution at AFB, where it is used as a retail credit solution for merchants operating within sub-Saharan
Two million low-income Turkish citizens will receive their welfare funds on MasterCard Prepaid Cards. That means beneficiaries such as widows, the disabled, and the elderly, will no longer have to wait in queue for hours on end to get their money. Their benefits will be given to them faster and much more securely. Electronic payments
TSYS announced that it supports Paynet, one of Kenya’s leading financial services providers to issuers and acquirers, in its ‘Great Migration to EMV Chip Card’ campaign. Founded in 2003 and headquartered in Nairobi, Kenya, Paynet has been a TSYS client since 2004. It licenses PRIME 4, the latest version of the TSYS licensed card and merchant management
MasterCard has signed a deal with regional card processor Paynet Group to partner in a local initiative geared towards encouraging the switch from magnetic strip to EMV cards. Dubbed “The Great Migration to EMV Chip,” the local initiative brings together various stakeholders in Kenya’s banking and payments technology sectors in an effort to hasten the switch
MasterCard and The Leading Hotels of the World announced an agreement to provide MasterCard cardholders offers at participating hotels globally. As the largest luxury hotel collection, with more than 430 of the world’s greatest properties in over 80 countries, Leading Hotels is uniquely aligned with MasterCard’s Priceless Cities program to offer memorable travel experiences. All
