MasterCard launched the Road to Inclusion, a report which shows preconceptions of the financially excluded are wide of the mark, based on a new financial inclusion study that is the largest of its kind. The findings were unveiled at the 2013 MasterCard Europe Prepaid Conference in Rome. The study took place across six European countries:
A recent blog post by PayPal’s VP of risk management, Tomer Barel, hints towards an upcoming change in PayPal policy which will make it easier for crowdfunding sites to take payments through PayPal. In the post Barel says, ‘Crowdfunding sites are an exciting and innovative new way to directly connect entrepreneurs with the people who want
YSPay, one of the leading payment services providers in China, has rolled out a new mobile payments solution developed with Accenture. The solution allows YSPay customers – consumers, banks and merchants – to process payments with any type of mobile phone. The companies announced the launch of the solution at Sibos in Dubai. YSPay’s new
Wincor Nixdorf AG is pooling its software and professional services expertise in Utrecht in the Netherlands. Wincor Nixdorf CEO Eckard Heidloff officially opened the new Software Headquarters on September 18, 2013 in the presence of Remco van Lunteren Member of the Provincial Executive of the Province of Utrecht. “The opening of the Software Headquarters, from
First Data Corporation, a global leader in electronic commerce and payment processing, released its First Data SpendTrend® analysis for August 1-30, 2013 compared to August 1-30, 2012. SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations. August’s dollar volume growth was 7.3%, a
ATMIA has announced the publication of its fourth translated industry best practice manual into Simplified Chinese, namely End-to-End Encryption for ATMs. “We are building up our library with translated best practices in Chinese for the Greater China Region,” said Peter Poon, Executive Director for ATMIA Asia. “Translations of ATM best practices into one of the
ROAM an Ingenico company and the leading mobile commerce platform provider, today announced a new partnership with Merchant Warehouse to expand the company’s mobile payment acceptance solutions. Merchant Warehouse, a leading innovator of payment technologies and merchant account services, will leverage ROAM’s secure mobile card readers, associated software and services to provide its merchants and partners
Citi announced that it successfully completed on September 6 the acquisition from Capital One Financial Corp. of Best Buy’s U.S. credit card portfolio and the conversion of the portfolio to Citi’s systems. Citi Retail Services, the premier provider of credit card products, services and solutions for North America retailers, will manage the portfolio going forward.
MasterCard announced, with a $1.5 million grant, that it is joining the Better Than Cash Alliance. MasterCard’s commitment comes at the one-year anniversary mark for the Better Than Cash Alliance, which works with governments, the development community and the private sector to digitize their cash payments to people in emerging economies. The initiative for electronic
Kaspersky Lab explains how to avoid banking Trojans The rise of online banking has given birth to a new form of cybercrime – the theft of payment information. Fraudsters keep developing new ways of bypassing protective systems for financial data. How does their malware steal your money? How can we protect ourselves against them? Is
