It’s the phone call from a stranger who claims your relative is in trouble and needs cash or an email that says you’ve won a prize for a contest you never entered. These are tell-tale signs you’re being scammed. As part of National Consumer Protection Week, MoneyGram, a global money transfer and payment services company,
Datacard Group, a provider of secure ID and card personalization solutions, has announced its continued commitment to educate and consult financial institutions on EMV migration. The company, along with its partners – Visco (Cambodia) Joint Stock Co., Ltd in Cambodia and Omega Computer Corporation in Philippines – will conduct two half-day EMV seminars. Ideal for
TSYS has announced that it has increased its stake in its Central Payment Joint Venture (CPay) from 60 percent to 75 percent. Central Payment founders Matt and Zach Hyman have committed to lead the company as Co-Managing Directors for an additional three years. “Under the leadership of Matt and Zach, the value of Central Payment
Standard Bank Group has produced a stable performance in 2013, increasing headline earnings per share by 14% and net asset value per share by 14%. Group return on equity has increased to 14.1% from 14.0% in 2012. Results at a glance: Headline earnings: R17 194 million, up 15% Headline earnings per share (HEPS): 1 064.9
Switch Commerce LLC, an ATM transaction processing and credit card merchant services company in the United States, has announced the addition of Tom Bannon as Senior Vice President, Operations. Mr. Bannon will be a key, active member of the executive management team, and joins the principal shareholder and company executive Roy T. Rimmer, Jr. “Switch
Payfirma, the mobile, online and in-store payments provider, is empowering merchants to accept payments in multiple ways through access to their full solution payment API. Developers can now use Payfirma’s easy-to-integrate API to build versatile products for accepting payments online and on mobile devices, so they can meet the needs of merchants who want to
Bank of Africa subsidiaries in Kenya, Uganda and Tanzania will from now on use a new credit management system in a bid to curb losses that arise from defaulted loans. Known as CreditQuest, the software is from Swiss-based banking and IT consulting firm SOFGEN and will enable the bank to have a centralised view of
FTS has launched the FTS Smart Payments Enabling Solution to deliver smooth and effective card payment processing, digital merchant acquiring and revenue sharing procedures within the e-commerce and the m-commerce arenas. FTS’ Smart Payments Enabling Solution automates the billing and settlement functionality of payment systems, working with payment service providers (PSPs), independent sales organizations (ISOs),
WorldPay, a global leader in payment processing, risk and alternative payments, has partnered with e-Document solution provider Anachron to enable merchants to pay e-Invoices in real-time. Anachron is one of Europe’s leading e-Document service providers, specialising in cutting edge solutions for B2B and B2C electronic document presentment. The new Anachron and WorldPay paperless billing solution
Fiserv, a provider of financial services technology solutions, has announced that it has been granted a patent by the United States Patent and Trademark Office for a non-sufficient funds (NSF) optimization process in its Predictive Scores solution. Predictive Scores allows financial institutions to analyze and identify the customers or members who are most likely to
