BitPay, the world leader in business solutions for the bitcoin digital currency,announces a new pricing plan which offers basic payment processing free-of-charge, forever. With the new pricing plan, BitPay is lowering the barrier to entry for businesses who want to accept bitcoin for goods and services. “We have set a goal to enroll one million merchants by the end
Fiserv, Inc, a leading global provider of financial services technology solutions, today reported financial results for the second quarter of 2014. GAAP revenue in the second quarter was $1.25 billion compared with $1.20 billion in the second quarter of 2013. Adjusted revenue was $1.18 billion in the second quarter compared with $1.14 billion in the
The bank’s regional expansion and diversification strategies have been successful and all the subsidiaries contributed positively to the performance. Profit before tax increased to Kshs.10.8 billion up from Ksh. 8.9 billion recorded for the same period last year. Profit after tax also increased by 21% to Kshs.7.6 billion. During the period under review, the Bank
Commercial banks in Kenya will begin disclosing to loan applicants the components that make up the total cost of credit as a percentage known as the Annual Percentage Rate (APR). This follows the launch of the “Credit Calculator Online” website and mobile application that were developed by Kenya Bankers Association (KBA) in conjunction with the
ACI Worldwide , a leading international provider of electronic payment and banking solutions, has announced that Ohio-based Franklin University has selected ACI to power its online payments. As one of the largest private universities in Ohio, with a growing enrollment approaching 10,000 undergraduate and graduate students, Franklin University wanted a proven payment provider with technology
KCB Bank Group is set to formally roll out Islamic banking services in Kenya next month as it expands its product offering in the East African region. The KCB Group Chief Executive Officer, Mr. Joshua Oigara said the bank has now received the necessary approvals to enable the launch of Islamic banking in all 182
In response to unfavorable developments in key emerging markets, Wincor Nixdorf AG has revised its forecast issued for fiscal 2013/2014 as a whole. The Company now expects net sales to reach a level comparable to that recorded in the previous year instead of rising by the 4% it had originally projected. The forecast for operating
MoneyGram, a leading global money transfer and payment services company, has announces that two key leaders have joined the company to focus on two strategic growth areas for the Company: emerging markets and self-service channels. Yogesh Sangle has joined MoneyGram as senior regional director for Asia, and Andrew Typrin joins as the company’s vice president
ProPay, a TSYS company, has announced a new partnership with ControlScan to provide PCI compliance solutions for small- and medium-sized merchants. ControlScan is an Approved Scanning Vendor (ASV) of the PCI Council. Together, ProPay and ControlScan will provide merchants with a simple and easy to adopt solution that will help merchants navigate the maze of
Cardtronics, Inc. has announced a definitive agreement under which it will acquire Welch ATM for $160 million. Upon completion of the transaction, the combined company will support a global portfolio of 109,600 ATMs, including 92,500 conveniently located retail ATMs in the United States. The combination of Cardtronics and Welch ATM will bring together two top-performing
