TSYS Signs Long-Term Acquiring Agreement With US’s Anovia Payments, LLC

Posted on by wademinnie | 8537 Views | 4 min read

TSYS announced the signing of a long-term agreement with Anovia Payments, LLC, to provide full-service payment processing solutions and tools to support Anovia Payments and their customers. Based in Irving, Texas, Anovia Payments simplifies payment acceptance for merchants and partners by offering transparent pricing, cutting-edge products and technology with streamlined support — all managed by

Paynet Joins Sponsorship List at AITEC Banking Conference

Posted on by wademinnie | 12587 Views | 8 min read

Paynet has signed a multi-million shilling deal with AITEC Africa towards facilitating the inviting of experts on online payments to the banking conference. The sponsorship will see various experts in the line of EMV chip technology, secure online payments and payment card industry data security standards (PCI DSS) into the conference to be held in

VeriFone Reports Results for the Third Quarter of Fiscal 2013

Posted on by wademinnie | 8152 Views | 7 min read

VeriFone Systems, Inc.  the global leader in secure electronic payment solutions, announced financial results for the three months ended July 31, 2013 (“Q3 FY13”). Non-GAAP net revenues for Q3 FY13 were $418 million, compared to $493 million a year ago, a 15% decrease. GAAP net revenues were $416 million, compared to $489 million a year

Only Companies that Invest in e-Commerce Logistics Will Survive – Konga

Posted on by wademinnie | 11871 Views | 5 min read

Only companies that invest in the logistics and technical aspects of e-commerce will remain in Nigeria, according to Joseph Onuorah, vice president (logistics) at Konga.com. Onuorah stated this in Lagos while speaking on a panel at the ongoing Supply Chain West Africa conference. “The companies that will remain in Nigeria, will be companies that believe

UBA Positions For Pan-African Banking Leadership

Posted on by wademinnie | 14287 Views | 18 min read

United Bank for Africa Plc (UBA), the Pan-African bank with operations in 19 African countries, New York, London and Paris, announces the launch of Project Alpha – the Group’s new focus for strategic transformation. UBA has for 8 years executed a dedicated strategy of local, regional and global expansion, the implementation of which has seen

3 Reasons Why Customer Demand Will Drive Mobile Merchant Payments in Kenya

Posted on by wademinnie | 6340 Views | 5 min read

A couple of weeks ago Safaricom launched a campaign dubbed Lipa Na M-PESA which aims to drive use of mobile money for merchant payments in Kenya. Lipa Na M-PESA is a proximate payment from a customer to a business at the point of sale. Safaricom is running the campaign to fuel recognition among businesses on

CAGD To Introduce E-Pay Slips in Ghana

Posted on by wademinnie | 8841 Views | 6 min read

The Controller and Accountant General Department (CAGD) is to introduce E-Pay slips for public sector workers soon. The system, expected on stream before the end of 2013, would enable workers to view the summary of their pay slips on mobile phones before going to the banks. Madam Grace Adzroe, Acting Controller and Accountant General, announced

The Mondragon Bank and National Cooperative Bank to Partner in Cooperatives

Posted on by wademinnie | 11491 Views | 17 min read

The world’s largest industrial, worker-owned and run cooperative, Mondragon, founded in the Basque region of Spain over fifty-five years ago and winner of the 2013 Financial Times “Boldness in Business” award has agreed through its cooperative bank, Laboral Kutxa, to partner and build cooperative stakeholder businesses in local living economies throughout America with the U.S.

VeriFone Delivers POS Software Platform for Tablets to ISOs and Acquirers

Posted on by wademinnie | 8420 Views | 15 min read

VeriFone Systems, Inc. launched GlobalBay Merchant, a new point of sale software platform and support infrastructure designed to help ISOs and acquirers providetablet POS solutions to small and medium businesses (SMBs). GlobalBay Merchant is an extension of the VeriFone GlobalBay line of software already in use by a number of sophisticated, highly integrated retail organizations. Currently

Paynet Invests $3m in ATM Chip Tech, Targets Contract Supply for Kenyan Banks

Posted on by wademinnie | 12606 Views | 9 min read

Payment solutions firm Paynet Group has announced an upgrade of its systems for issuing EMV chip cards, as Kenya moves towards the March 2014 deadline for switching to the new technology. Karimi Ithau, Paynet Group general manager, said the company has also invested in security standards in data centres to safeguard against rising cases of