The PCI Security Standards Council (PCI SSC), an open, global forum for the development of payment card security standards, has published version 3.0 of the PCI Data Security Standard (PCI DSS) and Payment Application Data Security Standard (PA-DSS). Available now on the PCI SSC website, version 3.0 becomes effective on 01 January 2014. Version 2.0
Standard Bank Group has expanded its Africa footprint with the opening of a representative office in the Ivory Coast (Côte d’Ivoire). This means that Standard Bank, which is the largest African banking group by assets and earnings, now has operations in 19 African countries. The representative office, which is based in Abidjan, officially opens for
Green Dot Corporation and Walmart announced they have expanded the line of Walmart MoneyCard® reloadable prepaid debit cards to include six new card types designed to meet the needs of their growing customer base. Issued by Green Dot, the Walmart prepaid debit card portfolio now includes nine cards, and is available in more than 4,100 Walmart
Air Uganda in conjunction with the leading Mobile Money service provider MTN has introduced a new, fast and convenient mobile money payment option on its billing platform. The new payment option enables customers to pay for their air tickets using their MTN mobile phones. The move comes as part of Air Uganda’s desire to empower
FNB reports that monthly non-cash purchases by customers in its Consumer Segment have surpassed cash withdrawals at its ATMs by R800m. The dominance of card over cash is very new in the financial services sector. Two years ago, FNB Consumer Segment customers withdrew R1.3bn more in cash than the value of card purchases. Across the
InventCommerce announced the move to larger offices in Cape Town to accommodate their continuing growth in the region. InventCommerce founders Kevin Ludford and Jason Bramsden started the company with the aim of building an innovative eCommerce platform and solutions integrator business to support retailers and merchants, dedicated to helping their clients leverage the best from
NTT DOCOMO, INC., a personalized mobile solutions provider for smarter living, and MasterCard, a technology company in the global payments industry, announced the upcoming commercial launch of iD/PayPass-branded payments via DOCOMO’s iD™ mobile credit payment system. The launch opens up some 1.2 million MasterCard PayPass acceptance locations in over 50 countries to iD users beginning
Fundtech, a provider of global transaction banking solutions, announced that Ecobank, the pan-African bank, has successfully deployed Global CASHplus®, Fundtech’s integrated, real-time cross-border payment and cash management system in 30 African countries. Ecobank began implementation of the innovative Global CASHplus® cash management system with a single-country pilot implementation in June 2011. As a result of
FNB’s eWallet is showing strong growth in its African operations with a 119% year-on-year increase in the last financial year. It has also maintained its growth trajectory in South Africa with the total number of eWallets in all countries reaching 2.5 million, an 84% increase on the previous financial year. “The success of eWallet in
As government, NGO and business leaders gather at the Financial Inclusion 2020 Global Forum in London, MasterCard president and CEO Ajay Banga emphasized the central role electronic payments play for advancing financial access. “Today’s payments technology – prepaid and mobile coupled with biometrics – brings millions of people access to financial tools for the first
