Mastercard has announced that it has appointed Kristina Kloberdanz as the company’s first Chief Sustainability Officer. In this newly-created role, Kloberdanz is responsible for leading Mastercard’s approach to sustainability as defined by three key pillars: being good stewards of the environment, making positive social impact, and ensuring high standards of corporate governance. She will drive
Mastercard unveiled a technology advancement for its biometric cards. With biometrics representing the next generation in securing payments, Mastercard developed a way for people to easily and conveniently register their fingerprint onto the biometric card in the comfort of their home. Mastercard is on a mission to eliminate the use of passwords and recognize people
Gemalto, the world leader in digital security, announced that its Trusted Service Hub (TSH) is enabling the secure digitization of Octopus contactless smart cards into Samsung Pay. Named Smart Octopus in Samsung Pay, this new mobile payment service allows consumers to securely pay and travel by simply tapping their designated Samsung smartphones against an Octopus acceptance reader for payment
100,000 merchant locations outside mainland China provide up to 30%-off discounts for UnionPay cardholders. According to the data of several OTAs, over 60% of Chinese tourists plan to travel outside mainland China during the upcoming May Day Holiday, and many white-collars prefer a long-distance trip by taking some days off. UnionPay International announced today the
Wirecard, the leading specialist for digital financial technology, has partnered with Fitbit, the leading global wearables brand, to offer contactless payments using Fitbit Pay. In the coming weeks, all Fitbit Pay customers in Europe will benefit from boon by Wirecard – an easy and secure fully digital payment method to make mobile payments at the
SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry has released its Card Fraud Stats for 2017 which reflect an overall decrease in card fraud. Debit card fraud decreased by 8.5% while credit card fraud increased by 1%, from R434.0m in 2016 to R436.7m in 2017. SABRIC CEO, Kalyani Pillay
Making yet another technological leap in payments, IDEMIA, the global leader in Augmented Identity; Network International, the leading payment solutions provider in the Middle East and Africa (MEA) region, and Mastercard, a leading technology company in the global payments industry, have teamed up to launch a project to enable merchants to use smartphones to accept
First National Bank (FNB) announced the launch of eWallet eXtra, a mobile bank account that allows unbanked and underbanked South African consumers to use a feature phone or a smartphone to open a bank account without ever walking into a branch. eWallet eXtra will have no monthly fees and consumers are not required to submit
Vulnerabilities are raising concerns from consumers and exchange operators as trade volumes soar. Online cryptocurrency exchanges are the latest target of fraudsters taking advantage of significant holes in security. Many crypto exchanges are using dated authentication systems which put these transactions at risk. “The risk associated with trading cryptocurrencies is increased because the technology used
Ingenico Group, the global leader in seamless payment, has announced the launch of the Move/2500 B, a portable terminal combining the convenience of fingerprint authentication with the security of the latest PCI standards. The Move/2500 B addresses traditional financial inclusion needs to reach the unbanked population as well as local governmental schemes. In India, for
