Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that SINNAD, a leading GCC third-party payment service provider based in Bahrain, has deployed a new processing platform built on TranzWare and TranzAxis. As part of a major strategic expansion plan, SINNAD – a subsidiary of
UnionPay International has announced the launch of the UPI Developer, an open platform that gives global developers access to 18 of UnionPay’s UnionPay cross-border mobile Internet payment products and services in the first phase. Through the platform’s application programming interface (API), developers can integrate UnionPay’s technical services into their products efficiently and cost-effectively, thus providing
Gemalto, the leader in digital security, is supplying Intesa Sanpaolo, the number one banking group in ltaly, with the first Mastercard biometric contactless payment card. The pilot promoted by Intesa Sanpaolo and Mastercard allows to test an EMV contactless biometric card for the first time in Europe. Consumers may simply tap their card to any
In a bid to address their challenges in a more systematic and holistic way, Janngo closes a strategic partnership with Agence Côte d’Ivoire PME to further improve access to market, capital and capacity for Ivorian SMEs. Through Jexport, its turnkey import-export platform, Janngo brings a solution to Small and Medium Enterprises competitiveness challenges in Ivory
The Nordic firms Vipps and ePassi, leading smart payment providers from Norway and Finland respectively, revealed that their users will be able to use their home app to scan the QR code of the partner scheme from 2019. This will provide easier payment solutions to the existing 4 million app users when they travel, with
Western Union, a leader in cross-border, cross-currency money movement, announces an alliance with TerraPay to enable mobile wallet and bank account payout. The alliance further expands upon Western Union’s account payout network for sending remittances directly into customers’ mobile wallets across Europe, Africa, Asia and Latin America. TerraPay’s low value payments network connects financial instruments
Signalling the pace at which the Kingdom of Bahrain is embracing the new era of open banking, in just one week the Kingdom’s regulator, the Central Bank of Bahrain, has mandated open banking adoption for Bahraini retail banks that provide online banking services to their customers and provided an in-principle confirmation to the first domestic
At its flagship event in Sydney, Sibos, SWIFT introduced several new products and services that will help its customers defend themselves against cyber fraud. Payment Controls, an intelligent new in-network solution to combat fraudulent payments, will help strengthen banks’ existing security by mitigating fraud risk in real-time. The alerting and reporting service may be set
Shopping, buying train tickets or hailing a cab online help make the everyday easier. In this digital age where more than half of online shoppers save their credit card info on multiple online sites and the industry average for online checkout is ten minutes, there’s still room for improvement. Mastercard has introduced Digital Commerce Solutions
Fiserv, Inc. has announced that within the past nine months nineteen banks have made the decision to move to Fiserv for core account processing. Each institution will utilize their selected platform as a foundation to further their unique strategies, and many will include integrated digital banking and payment capabilities. “Today, technology defines banking,” said Todd
