The Clearing House (TCH) announced that it is working with America’s leading financial institutions to develop an industry wide dynamic credentialing solution to improve the safety and soundness of digital payments. As a first step, TCH, which is comprised of 22 member banks, is developing a pilot program to demonstrate a solution that would foster
Jingdong (“JD.com” or the “Company”), China’s leading direct B2C e-commerce company, announced that it recently began offering the first government-issued electronic receipts, or “fapiao,” in China’se-commerce industry. The electronic receipts are an additional option for customers beyond the traditional paper fapiao that Jingdong has always offered for all products sold both through its direct sales and POP marketplace platforms. “The
Standard Chartered Plc will start offering Islamic banking in Kenya as a springboard into the rest of Africa and it may expand services in Indonesia, its global head of Islamic consumer banking said. Shariah-compliant banking makes up two percent of Kenya’s banking industry, split between two Islamic lenders and conventional banks with Shariah-compliant products, like
MTN Uganda announced revised Mobile Money rates effective July 2nd, 2013. Commenting on this increment, the MTN Uganda’s GM Corporate Services, Anthony Katamba said, “According to the new national budget 2013/2014, the 10% levy on Mobile Money is to be applied on transaction fees paid on all money transfer services and as such the fee
Fiserv, Inc. a leading global provider of financial services technology solutions, announced that the company was recognized as the top online and mobile bill payment processor in a recent report by Aite Group, a financial services research firm. Fiserv provides comprehensive electronic billing and payment solutions that enable thousands of financial institutions and hundreds of businesses to provide
MasterCard Worldwide is reaching out to US merchants and developers with Simplify Commerce™, a new product that makes it easy to accept e-commerce and mobile commerce payments, regardless of payment brand, in a matter of minutes. Merchants, especially those managing smaller businesses, do not always have the resources readily available to help them set up
Cadence Bank, a leading regional bank serving the Southeast and Texas in the US, will be the first bank in Birmingham to begin using interactive video technology. In the next few months Cadence will install two drive-up APTRA™ Interactive Teller units from NCR Corporation which will extend service hours and create friendly and efficient customer
UniCredit, the biggest bank in Italy, will be gradually procuring automated teller machines and cash recycling systems from Wincor Nixdorf’s new CINEO generation over the next three years, in a replacement project addressing almost 50 percent of its installed base of self-service systems. Wincor Nixdorf will also be providing services for the bank. All this
An innovative new banking idea is taking hold in Zimbabwe. At Zimbabwe’s first Cattle Bank you can deposit animals as collateral against cash loans. A large portion of rural Zimbabwe is still unbanked and many people hold their wealth in the cattle they own. The Cattle Bank allows them to get and utilise monetary value
MasterCard subsidiary, Access Prepaid Worldwide announces a new partnership with British Airways to launch a new Executive Club Multi-currency Cash Passport™. The partnership will allow British Airways Executive Club members to earn more Avios points, receiving one Avios point for every £1 loaded (or reloaded) onto the card. The travel card, which is available now,
