New format may impact environments beyond payments that use card details to identify and reward customers EMVCo is working to evolve the EMV® Integrated Circuit Card Specifications for Payment Systems to support both future eight-digit Issuer Identification Numbers (IIN), as well as the existing six-digit format. As the change may have implications for merchant and
Verve, a leading payments technology company and Interswitch’s card scheme in Africa, and Discover Global Network, the payments brand of Discover, held an event to launch the Verve Global Card. Cardholders will now have the ability to use their Verve Global Cards on the Discover Global Network which provides acceptance at millions of merchants globally.
Cash Matters, a movement by the International Currency Association (ICA), issued a study today that makes the case for cash as a public good, “Virtually Irreplaceable: Cash as Public Infrastructure.” The paper by Dr. Ursula Dalinghaus , Visiting Professor of Anthropology at Ripon College and affiliated scholar at the Institute for Money, Technology & Financial
Mastercard and Bahrain’s leading electronic financial transactions network, BENEFIT, will enable banks to send and receive cross-border business-to-business payments on a secure, private and direct network Blockchain technology will strengthen authenticity, improve efficiency, turnaround time and certainty of such payments Bahrain’s Electronic Network for Financial Transactions (BENEFIT), and Mastercard have partnered to launch a pilot
Headline earnings: R13 361 million, up 6% Headline earnings per share (HEPS): 837 cents, up 5% Dividend per share: 454 cents, up 6% Common equity tier (CET) 1 ratio: 14.0% (1H18: 13.8%) Net asset value (NAV) per share: 10 511 cents up 8% Return on equity (ROE): 16.2% from 16.8% Cost-to-income ratio: 57.0% (1H18: 57.6%)
New European PSD2 requirements significantly impact how European consumers and businesses buy and sell online—ACI’s UP solutions with real-time, multi-layered capabilities help businesses to lower fraud rates while providing a frictionless checkout experience ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced a number of tools and solution updates to
Sub-Saharan Africa is one of the fastest-growing investment zones for financial technology companies according to new research says Forbes. The GSM Association says in its Mobile Economy, Sub-Saharan Africa 2019 report that the region will remain the fastest growing worldwide. Predicting a total subscriber base of over 600 million by 2025, which represents approximately half
Recently, lm group processed a Gross Transaction Value (GTV) of EUR 2.3 billion globally Wirecard announces collaboration with lastminute.com, part of lm group, as an international payment acceptance provider. Wirecard, the global innovation leader for digital financial technology, is expanding its collaboration with lastminute.com and is taking over payment acceptance for the online travel and
Advances Mastercard’s strategy to capitalize on the vast and fast-growing global Real-Time Payments opportunity Helps meet application, service and payment needs of governments, consumers, and businesses across card and account-to-account payments Further strengthens Mastercard’s existing capabilities with its proven Real-Time and Bill Pay technology and talent Mastercard has announced it has entered into an agreement
UnionPay International (UPI) has announced significant progress in the South African retail payments market through their co-operation with Pick n Pay and Absa Bank. Through a tripartite co-operation agreement, Pick n Pay, a major food, clothing and general merchandise retailer, is now enabled to accept UnionPay cards at all of its till points across its
