The PCI Security Standards Council (PCI SSC), a global payment security forum, published version 4.0 of the PCI Data Security Standard (PCI DSS). PCI DSS is a global standard that provides a baseline of technical and operational requirements designed to protect account data. PCI DSS v4.0 replaces version 3.2.1 to address emerging threats and technologies
NEOPAY will comprise of Mashreq’s leading merchant acquiring business, which processes over USD 22Billion of annualized volume across retail, government, hospitality, and eCommerce. NEOPAY will also provide Issuer Processing and Acquiring Processing services to financial institutions and fintechs. NEOPAY already positioned amongst the top 3 merchant acquirers in the UAE and a leader in next
Mobile wallet penetration in the UAE to receive a boost Visitors from Africa will soon be able to make payments in the UAE seamlessly through their mobile wallets Mobile wallets continue to rise at the POS, jumping 55% YoY in 2021 across the Middle East and Africa* Dubai: Network International (Network), the leading enabler of
Project Dunbar developed two prototypes for a shared platform that could enable international settlements using digital currencies issued by multiple central banks. The platform was designed to facilitate direct cross-border transactions between financial institutions in different currencies, with the potential to cut costs and increase speed. The project identified challenges of implementing a multi-CBDC platform
Fifth-annual Mastercard Index of Women Entrepreneurs (MIWE) findings demonstrate the resilience of women entrepreneurs across 65 economies despite disproportionate challenges during Covid-19 pandemic Six economies in MENA have recorded progress in their MIWE scores, although work remains on women’s representation in business ownership and leadership, as well as female financial inclusion Mastercard has revealed the fifth-annual
Clickatell customers can now benefit by using Salesforce Order Management to send consumers a faster, more secure and convenient pay-by-link request via SMS and WhatsApp Clickatell, a CPaaS innovator and Chat Commerce leader, has announced it has launched the integration of its industry-leading Chat 2 Pay payment solution with Salesforce Commerce Cloud, the fastest path
Mosul Bank (www.almosulbank.iq) has selected CR2 (www.CR2.com), one of the world’s leading software vendors in the digital banking and payments market, to accelerate its digital banking transformation strategy in the Iraqi market. This latest win for CR2 will see Mosul Bank offering a more advanced digital banking service to the Iraqi retail and corporate banking
Reported net profit for the year was USD 56.6 million, a significant increase on USD 5.6 million recorded in 2020 Revenue increased 23.7% year on year to USD 352.2 million in 2021 with Middle East revenue increasing 25.0% year on year; Underlying EBITDA[1,2] increased by 27.5% to USD 143.5 million reflecting strong revenue performance and prudent
Key facts: Worldpay from FIS has partnered with Shyft Network to enable merchants to easily comply with current and evolving regulatory requirements. Shyft Network’s infrastructure will keep merchants compliant with evolving Crypto regulation reflected in the FATF (Financial Action Task Force) Travel Rule guidance. A leader in Card-to-Crypto processing, Worldpay provides services for 4 of
PCI SSC veteran promoted to Director of Emerging Standards The PCI Security Standards Council (PCI SSC) announced the promotion of Mike Thompson to Director of Emerging Standards at the PCI SSC. In his new role, Mike is responsible for leading the research, development, and maintenance of PCI SSC security standards and program initiatives. “We are
