In a further move to fulfil international demand for its products and services, South African payment solutions provider Stanchion Payment Solutions has opened a European regional office based in London. The company’s entry into the European financial services technology sector follows a year after the opening of a Middle East and North Africa regional office,
Transmodus, the payments technology company that powers linked2pay, has announced that it won the 2014 Gold Medal for Best Innovation Via Automated Clearing House (ACH). Janet O. Estep, president and CEO of NACHA, which serves the settlement needs of over 11,000 financial institutions, presented the award to Richard McShirley, CMO of transmodus. The evening ceremony
Diamond Bank PLC has delivered a double digit return on equity as it announced a 16.7% increase in profit before tax to N32.1billion for the full year ended December 31, 2013. On the back of the very good performance, the bank has proposed a dividend of 30k per 50k ordinary shares. In a statement released
TSYS has announced that it has reached a long-term agreement to provide consumer credit processing services along with value-added capabilities for Virgin Money customers within the United Kingdom. Virgin Money selected TSYS’ market leading TS2 platform to support its UK cards portfolio. Virgin Money is a UK-based retail bank, providing savings, mortgages, credit cards, pensions,
VeriFone Systems, Inc. has announced that Richard A. McGinn will leave the board and be replaced by long-time retail and consumer financial services veteran Jane J. Thompson, effective immediately. “The board thanks Rich for his service in many roles over the years including interim CEO and chairman of the board, and we wish him well,”
Oberthur Technologies (OT), a provider of digital security solutions for the mobility space and Network International, a payment solutions provider in the Middle East, has announced a strategic partnership which brings together a complete portfolio of payment solutions including card personalisation, EMV and related payment security services to clients across the Middle East and Africa.
Intellidex, a specialist financial services research house has conducted a survey of South Africa’s banking sector, naming Capitec Bank as the best bank in the country. According to Intellidex, the purpose of the Bank of the Year survey was primarily to garner banking clients’ views on their banks across a range of products and service
Ingenico, a provider of payment solutions, has been selected by CardConnect, a providers of payment processing services, as their EMV chip-based payment acceptance technology and point-to-point encryption (P2PE) co-development partner to their 50,000 merchant customers in the United States. CardConnect is leveraging the entire value chain of Ingenico’s payment offerings from EMV- and NFC-ready payment
MasterCard has announced the intention to enter into a commercial agreement with Monitise plc to accelerate the development and deployment of mobile wallets and digital payment solutions by financial institutions worldwide. MasterCard also intends to make a minority investment in Monitise. Monitise provides solutions designed to help consumers bank anywhere, pay anyone and buy anything
NCR Corporation has announced the results of its global 2014 Traveler Experience Survey, examining the gaps and regional tendencies for consumer expectations of shopping experiences while travelling versus what is currently available to them. Revenue from airline amenities and ancillary fees was expected to top $42 billion in 2013. Airports too, now derive up to
