Mastercard Names Paul Stoddart President of New Payment Platforms

Posted on by Staff Writer | 3546 Views | 9 min read

Mastercard has announced the appointment of Paul Stoddart as president, New Payment Platforms, effective March 1, 2019. Stoddart succeeds David Yates, who will transition into a senior advisory role focused on real-time national and cross-border payments strategies. In this role, Stoddart will oversee the development and strategic integration of Mastercard’s real-time payments capabilities beyond traditional

Heritage Bank Partners Vanguard Media to Drive Inclusive Economic Growth

Posted on by Staff Writer | 3217 Views | 12 min read

Heritage Bank Limited, Nigeria’s most innovative banking service provider, has partnered with Vanguard Media to organise the 2019 edition of its economic discourse in a bid to achieve inclusive economic development in the country. The theme of the discourse is Human Capital Index versus Economic Growth, Nigeria’s policy options. The discourse was informed by the

SWIFT Publishes New ‘Pay Later’ API Standard

Posted on by Staff Writer | 3138 Views | 15 min read

SWIFT has published a standard for ‘Pay Later’ APIs in a key step toward enabling the rapid adoption of an innovative new consumer payment model. ‘Pay Later’ is an instant online payment facility which offers customers the ability to use traditional bank loan financing to pay for goods purchased online. By selecting Pay Later at

Silverlake Axis Completes Acquisition of SIA X Infotech Group

Posted on by Staff Writer | 3623 Views | 9 min read

Silverlake Axis Ltd (SAL), a leading provider of Digital Economy Solutions and Services to major organisations in Banking, Insurance, Payments, Retail and Logistics industries has announced completion of the acquisition of SIA X Infotech Group (X Infotech), a global provider of software solutions for identity documents and payment smart cards. This acquisition brings together perfectly

Enkryptis Leads the Way with New Key Injection Facility and Certification

Posted on by Staff Writer | 4018 Views | 14 min read

Enkryptis, a specialist payment security provider in South Africa, has announced it has achieved the Payment Card Industry Point to Point Encryption (P2PE) and PCI PIN security certifications for their state of the art key injection facility in Johannesburg. The assessments and subsequent certifications were completed by Foregenix, an accredited qualified security assessor and industry

Moven and Almoayed Technologies Partner to Transform Digital Banking across MENA Region

Posted on by Staff Writer | 2640 Views | 13 min read

Partnership empowers banks to lead in open banking by delivering digital, AI-driven personalised smart banking experiences to customers With the goal of empowering banks in the MENA region to lead the world in digital banking services, Almoayed Technologies, the Kingdom’s first officially confirmed open banking AISP/PISP, today announced a strategic partnership with Moven Enterprise, the

Double Digit Growth in SWIFT Message Volumes as gpi Uptake Soars

Posted on by Staff Writer | 3335 Views | 12 min read

Industry cooperative records 11% message growth in 2018 Annual SWIFT volumes reach record-breaking 7.8 billion Average daily message volumes break 30 million barrier SWIFT gpi values exceed $300bn daily SWIFT’s figures show an average of 31.31 million messages a day in 2018 as its annual traffic rose to an all-time high of over 7.8 billion.

Edward Amoatia Younge Appointed GCB Board Member

Posted on by Staff Writer | 3567 Views | 5 min read

Mr Edward Prince Amoatia Younge, a Marketing Consultant has been appointed a Board member of GCB Bank Limited. At a ceremony at the Bank’s Head Office in Accra, Mr. Amoatia Younge was sworn in by an Accra High Court Judge, Justice Olivia Obeng Owusu. The Board Chairman of GCB, Mr. Jude Arthur, said, “we have

FNB is the First Bank to Launch Consumer and Merchant QR Code Payments on its Banking App

Posted on by Staff Writer | 3839 Views | 13 min read

Capability is powered by Masterpass, Mastercard’s digital payment service FNB, South Africa’s best digital bank, is expanding its digital payments ecosystem by enabling consumers and sole proprietor businesses to perform and accept QR code payments using the FNB Banking App. This makes FNB the first bank in South Africa to integrate QR code payments for

VietinBank Achieves Verified by Visa Certification with Support from Compass Plus

Posted on by Staff Writer | 3431 Views | 4 min read

Compass Plus, an international provider of retail banking and electronic payments software to payment processors and financial institutions, has announced that Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), one of the largest card issuers in Vietnam, has made online transactions more secure for its customers. The bank, which utilises TranzWare e-Commerce from