Vivo has selected Gemalto, a provider of digital security, to provide the TSM (Trusted Service Manager) platform. With the Gemalto platform, the operator can offer mobile payment products and services using Near Field Communications (NFC) technology, which makes it possible to carry out financial transactions by simply tapping a mobile phone near a specific terminal.
Consistent competitive pressures in the core banking industry are forcing banks to look at new ways of gaining competitive advantage, often in the form of spending more finances and time in making sure their core banking systems are immaculate. Hence the need to gain better decision making skills to ensure resources are spent effectively in
Lycamobile Group, a provider in the prepaid international calling card market, has selected WorldPay, a provider of payment processing, risk and alternative payments, to execute its end-to-end payment services including acquiring, gateway, risk, treasury and alternative payments to support its global payment requirements. Previously, Lycamobile Group used a number of payment providers for acquiring, gateway,
Net 1 UEPS Technologies Inc. has announced that the South African Constitutional Court ruled that the tender process followed by the South African Social Security Agency (“SASSA”) in awarding a contract to Net1’s wholly owned subsidiary Cash Paymaster Services (“CPS”) was constitutionally invalid. However, the Constitutional Court suspended its declaration of invalidity pending determination of
Vodafone Group is starting its mobile payment service Vodafone SmartPass in Spain, being supported by Wirecard Group for the entire payment process. The official launch is planned for the end of November. Germany, the UK and The Netherlands as well as other countries to follow step-by-step. Dr. Christian Wirtz, Vodafone Group Director mCommerce commented: “After
Just a few days ago we came upon a Karbonn Smart booth at a CABS bank branch in Harare. On enquiring from the agent we learned that the distributor of the Karbonn devices locally, Solid Ground, have partnered CABS to go after the the civil servants market through providing mobile devices on friendly credit terms.
Fiserv, Inc. a provider of financial services technology solutions, has published a new white paper that explains how an ongoing forward-looking mobile banking strategy can help financial institutions to win mobile banking customers and enhance profitability. Consumers are expecting increasingly sophisticated mobile banking capabilities, and delivering these capabilities requires financial institutions to move beyond short-term
V.me by Visa, the first pan-European digital wallet service to be offered by banks and financial institutions, is now live in the UK, France, Spain and Poland. The UK’s Nationwide Building Society is today joined by leading issuers BPCE and LCL in France, with ING Bank Slaski now in pilot in Poland and multiple pilots
Just in time for the holiday season, Citi is introducing a new way for ThankYou® Rewards members to turn virtually anything purchased online into their own personal reward. ThankYou Rewards members can now shop with a Rewards Account Number, a virtual credit card account number linked to their Citi credit card and ThankYou Rewards account,
Banks and financial institutions globally need to develop mobile point of sale (MPOS) strategies now, as major high street retailers begin to use MPOS solutions to reinvent their in-store shopping experience. This is the view taken by the global bank-driven business association, Mobey Forum, in the second in a series of white papers focusing on
