TawiPay, a startup based in Switzerland, is tackling the excessive fees incurred by migrants sending money overseas. Latest World Bank data show for example that Sub-Saharan African overseas workers pay an average of 12% in fees . A fair transfer fee of 5%, proposed by independent organizations , would result in an additional US $3
MasterCard and Ogone, a leading global online payment provider, announced today their partnership on the integration and deployment of MasterPass™. This collaboration covers Belgium, The Netherlands, France, United Kingdom, Germany and Spain in a first phase and the remaining countries Ogone operates in later on. MasterPass™, the digital platform from MasterCard, optimizes and simplifies online
Visa and V PAY contactless payments are now possible in all German department stores of GALERIA Kaufhof including the Sportarena stores and DINEA restaurants. 3500 new contactless terminals have been installed. This enables customers to pay even more conveniently and faster in the 125 Kaufhof department stores and its subsidiaries in Germany. GALERIA Kaufhof thereby
Allied Wallet, a provider of online credit card processing and multi-currency merchant services, was voted #1 Payment Solutions Provider by thousands of entrepreneurs, readers, and writers in the United Kingdom according to a survey performed by Start Your Business Magazine. Allied Wallet was announced as a winner in the 2013 Start Your Business Awards at
The Western Union Company, a provider of global payment services, has announced the launch of a new transactional web site in Russia. Western Union now has online transactional services in 24 countries, enabling consumers to send money to over 200 countries and territories worldwide. “Western Union continues to grow its online transactional network and increase
PayAnywhere, a leader in mobile point of sale solutions, announced the availability of PayAnywhere 2.0, its popular mobile point of sale solution (mPOS) for Android, with an all new online merchant portal, PayAnywhere Inside. The Android PayAnywhere 2.0 mPOS app works with the free PayAnywhere mobile credit card reader, which plugs into the audio jack
VeriFone Systems, Inc. have introduced UX Solutions, its series of unattended payment devices that improve transaction security, speed and reliability for vending machines and other self-service environments, including parking meters, petroleum pumps and ticketing machines. VeriFone’s UX series of unattended payment devices enables merchants to meet growing consumer demand for self-service transactions by providing customizable
Gemalto a digital security company, announces a global business partnership with IBM for its enhanced Ezio eBanking security platform. Featuring cutting-edge levels of security and versatility, the Ezio eBanking Server platform has been further updated with the ability to support a wider range of end-user solutions. The platform has been tested and confirmed to work
An Ikeja High Court remanded a staff of Union Bank Plc, Danasabe Ibrahim, and three others in prison custody, for allegedly defrauding the bank of N2.05 billion. The 47-year-old banker was arraigned alongside Salihu Mahmoud, 34; Friday Isaiah, 33; and Samuel Azaaior, 30, by the Economic and Financial Crimes Commission (EFCC). The News Agency of
ReD, a fraud prevention and payment services provider, has announced a new five year partnership agreement with South African payments experts, Transact Connect. The two companies will work together to introduce ReD’s full range of solutions to merchants and financial institutions across Africa. Transact Connect provides electronic payment expertise to Payment Services Providers, financial institutions,
