Fiserv Names Kevin Gregoire Group President, Financial Institutions Group

Posted on by wademinnie | 5765 Views | 5 min read

Fiserv, a provider of financial services technology solutions, announced today that Kevin Gregoire has been named group president of its Financial Institutions Group. In this role Gregoire will oversee several Fiserv businesses, including Card Services, Financial and Risk Management Solutions, Investment Services and Lending Solutions. Gregoire most recently led the Card Services division at Fiserv,

Tanzania Postal Bank Posts 606m/- Profit

Posted on by wademinnie | 5237 Views | 6 min read

The Tanzania Postal Bank (TPB) net income for the quarter ending December last year increased to 606m/-, up from 579m/- registered in similar period a year before. Cumulatively, the Bank profit increased to 4.23bn/- in the year ended December compared to 4.07bn/- recorded in the previous period. According to the TPB statement of financial position,

NIC Bank Group Profits Up by 33 Per Cent

Posted on by wademinnie | 6622 Views | 9 min read

NIC Bank Group Ltd. has reported a Shs 3.4 billion Profit Before Tax for the 9 months ended September 30, 2012 representing an increase of 33% from Shs 2.6 billion registered during the same period last year. Announcing the results, the Group Managing Director, Mr. James Macharia, said: “The financial results demonstrate the resilience of

MasterCard Partners with Bahamas Ministry of Tourism

Posted on by wademinnie | 5686 Views | 7 min read

MasterCard has announced that, as part of the company’s commitment to enhance the experience of cardholders visiting the country is support of the local tourism industry, the company has partnered with the Ministry of Tourism to become the official card of The Bahamas. The announcement was made during an exclusive cocktail event for participating merchants,

Equity Bank Group’s Investments Boosts Profits by 11% in 2013

Posted on by wademinnie | 5519 Views | 16 min read

Equity Bank Group’s investments in IT, growth in the number of customers and branch upgrades to cater for the growing SME segment have boosted 2013 profit before tax by 11 percent to Kshs 19.15 billion up from Kshs 17.29 billion the previous year. Cost to income ratio reduced to 48.5% in 2013 and NPLs reduced

Ingenico Delivers its 5 Millionth Contactless Payment Terminal

Posted on by wademinnie | 6338 Views | 3 min read

With the delivery of its 5 millionth contactless payment terminal, Ingenico ,a provider of payment solutions, confirms its leading position in the deployment of contactless technology. The Ingenico group has been a pioneer in the development of this technology since the first certification of one of its terminals with Mastercard in 2004. Since then, Ingenico

ACI Worldwide, Inc. Reports Financial Results for the Quarter and Year Ended December 31, 2013

Posted on by wademinnie | 5763 Views | 13 min read

ACI Worldwide, Inc., a provider of electronic payment and banking systems, has announced financial results for the period ended December 31, 2013. “ACI has finished an important transitional year,” commented Phil Heasley, ACI President and CEO. “The integration of Online Resources is substantially complete, Official Payments is on schedule and our EBPP business is performing

OT and Ingenico Demonstrate NFC Couponing at MWC

Posted on by wademinnie | 11305 Views | 11 min read

Oberthur Technologies, a provider of digital security solutions for the mobility space and Ingenico a provider of payment solutions, have announced that they will jointly showcase a couponing value added service on an NFC SIM card. In line with the mobile NFC Value Added Services proposal for point of sale (POS) terminals from the GSMA,

Peggy Vaughan Joins MoneyGram Board of Directors

Posted on by wademinnie | 5874 Views | 7 min read

MoneyGram International, a global money transfer and payment services company, has announced that Peggy Vaughan has been appointed to the MoneyGram Board of Directors. This brings the total number of directors to nine, five of whom are independent. Vaughan will serve on the Board’s Audit Committee. “MoneyGram is fortunate to have a proven leader like

MasterCard Launches MasterPass In-App Payments

Posted on by wademinnie | 7930 Views | 11 min read

MasterCard has announced MasterPass in-app payments, enabling consumers to make secure purchases within a mobile app. MasterPass in-app payments eliminate the need to store payment card credentials across numerous mobile apps, providing consumers with a fast and simple payment experience. Forbes Digital Commerce, Fat Zebra, MLB Advanced Media, NoQ, Starbucks Australia and Shaw Theatres Singapore