MasterCard and Visa Inc. announced an agreement to license their respective common U.S. debit solutions to each other to meet the industry need for a streamlined approach to route U.S. chip debit transactions over multiple, unaffiliated networks. Visa and MasterCard have made certain proprietary EMV chip technologies available to each other and other networks, enabling
The ATM Industry Association (ATMIA), the only global non-profit association for the ATM industry, today paid tribute to the work of hacker Barnaby Jack, who died unexpectedly in San Francisco last week. “Many of us in the ATM industry are saddened to hear of the passing of Barnaby Jack at a relatively young age,” commented
Metbank announced at an event held in Harare, that it has collaborated with global payments technology company MasterCard, to introduce Zimbabwe’s first EMV certified debit cards. Metbank will introduce Gold and Standard MasterCard Debit Cards to its customers as well as the MasterCard Business Debit Card that will respond to the needs of corporate customers. The debit
In its bid to ensure safety of customer deposits and security in Internet banking, First Bank of Nigeria Limited has signed a G-secure Authentication Platform agreement with Clydestone Nigeria Limited to drive second level authentication on Card-Not-Present transactions. This initiative is in line with global practices and also compliant with the mandate of the Central
In a bid to strengthen its dominance of international money transfer and give its customers wide range of options, First Bank of Nigeria Limited (FirstBank) has partnered with Trans-Fast Remittance LLC, a global money transfer company and owner of Trans-Fast money transfer brand, to provide money transfer services to families and friends through the over 700 branches of
The 29th meeting of the Committee of Governors of Central Banks of the West Africa Monetary Zone (WAMZ) has taken place in Accra. The meeting provides a regular platform to review developments in the WAMZ and to chart the way forward, Welcoming participants to the meeting in Accra, yesterday, Dr Abwaku Englama, Director-General of the
With the global economy still struggling, businesses and exporters can help increase their revenue by waking up to cross-border sales opportunities as revealed by new PayPal and Nielsen data released today. The report titled ‘Modern Spice Routes: The Cultural Impact of Cross-Border Shopping’analyzes cross-border online shopping and spending behavior in six major markets — the United
MasterCard fully supports the European Commission’s goal of encouraging more secure, efficient, competitive and innovative electronic payments, which will enable consumers, retailers and other key stakeholders to enjoy the full benefits of the EU internal market and pledges to work with the Commission to achieve this goal. Javier Perez, President of MasterCard Europe, said: “While
Orange and Total have signed a partnership giving Orange customers access to Orange Money services at all TOTAL service stations in African and Middle-Eastern countries where the two groups are present and Orange Money is available, a total of 13 countries to date. Orange Money is Orange’s payment and money transfer service for Africa and the
Global Finance has announced the First Round winners in the “World’s Best Internet Banks” competition in Middle East/Africa. This is the 14th year Global Finance has named the World’s Best Internet Banks. First Round winners include Best Corporate/Institutional Internet Banks and Best Consumer Internet Banks at the country level. Winners were also selected in Asia,
