MasterCard has announced the launch of an Advanced Analytics Center of Excellence in India. This new Centre of Excellence will provide world-class data insights to global customers by identifying spending trends derived from the billions of anonymous transactions processed by MasterCard every year, thereby providing a solution for the rapidly growing need of businesses to
Xpertek Group’s loan finance solution, Acquire, is now being used in the consumer credit market, for online shopping, and in the cellular product space. Subsequent to the launch of the credit card solution last year, Xpertek implemented the solution at AFB, where it is used as a retail credit solution for merchants operating within sub-Saharan
More than 70% of prepaid electricity users prefer to use their mobile phones to buy electricity tokens than any other outlet, a survey conducted by Kenya Power has revealed. M-Pesa is the most popular facility accounting for 95% of all mobile based prepaid purchases. Kenya Power currently has 340,000 customers on prepaid metering system. The
Identive Group, Inc., a provider of solutions and services for the identification, security and RFID industries, today announced the appointment of Stephen Healy to the company’s executive management team as Executive Vice President, Access Control and Security. Previously, Healy served as Vice President and General Manager, Access Control and Security. In his new role, he
National Microfinance Bank PLC (NMB) has been named “the Best Bank in Tanzania for 2013” by pre-eminent international finance magazine Euromoney. The awards were presented at the 2013 Euro money Awards for Excellence Dinner in London. In the year 2012, NMB has made notable progress by providing transactional, savings and investment, and lending solutions to
Identive Group, Inc. has collaborated with the Land Transport Authority (LTA) in Singapore to design new smart chip-based transit tickets for the Southeast Asian country’s extensive rail network. TransitLink, as the LTA administrator, has awarded Identive a three-year contract valued at $3.9 million to supply the tickets, which include near field communication (NFC) chips from
MasterCard announced a key milestone in the evolution of its digital payment service, with 16 of Australia’s leading payment service providers confirming they will introduce MasterPass across their customer base. A huge step in the evolution of digital payments, this roll-out will grant thousands of Australian merchants across different e-commerce categories the option to opt
Dansk Supermarked A/S, the leading food retailer in Denmark, has signed an exclusive framework agreement with Wincor Nixdorf. As part of this three-year agreement, Wincor Nixdorf will successively deliver and install over 300 reverse vending machines by the end of 2015. This order further extends the long-term cooperation between Dansk Supermarked and Wincor Nixdorf, which
MasterCard and the South African Social Security Agency (SASSA) announced that there are 10 million active SASSA Debit MasterCard cards in South Africa, following the introduction of the new biometric grant payment disbursement system that commenced in March 2012. This milestone marks the conclusion of the re-registration phase of the project, with social grant beneficiaries
TSYS a leading global payments solution provider, and FICO® a leading analytics software company, have announced the integration of FICO’s latest version of its fraud management solution, FICO® Falcon® Fraud Manager 6 with TSYS’ licensed PRIME card and merchant management solution. This extension to TSYS’ global strategic alliance with FICO will enable TSYS to offer the Falcon
