Mobile POS (point of sale) acceptance is attracting small merchants to big-box retailers, posing a growing threat to traditional terminal-based solutions and vendors. Javelin Strategy & Research released the firm’s first “Mobile Point of Sale (POS) Business and Market Impact 2013″ report, which provides a market sizing of the US merchant marketplace and comparisons among 14
The British Council announced the launch of a new online payment system for IELTS (International English Language Testing System) tests in Nigeria. Users can now pay online using their Visa or MasterCard debit or credit cards. IELTS is the world’s most popular English test and is accepted by over 6,000 organizations in 135 countries. Over one
Heartland Payment Systems, one of the USA’s largest payments processors, and LevelUp are joining forces to make mobile payments mainstream in 2013. After successful pilot programs the pair is partnering on the first roll out of a mobile payment solution across the USA. As a result of this partnership, Heartland’s more than 800-person sales force,
Google has teamed up with Equity Bank, the largest bank in East Africa, to launch BebaPay, a payment card that makes it easier and more convenient to pay for bus travel in Kenya. People travelling on key Nairobi bus routes such as Riruta, Karen and Jogoo Road will be able to pre-load money onto their
evriPay, the African based merchant account provider, announced that it’s eCommerce services are now available to online merchants in Kenya. evriPay will allow Kenyan online merchants to accept Visa and MasterCard payments from anywhere in the world on their websites. Every transaction will require 3D Secure authentication and then also be vetted by the CyberSource Fraud Management
AFB, a consumer finance company headquartered in Mauritius, has today opened a new office in Nairobi, Kenya, in a Ksh250 million capital investment. This development brings the number of afb’s offices across the African continent to four, with other offices operational in Lusaka, Accra and Cape Town. Speaking in Nairobi, afb’s Chief Executive Officer Karl
One of the foremost Nigerian financial institutions, Guaranty Trust Bank plc has once again raised the service bar in Nigerian financial institutions with the recent unveiling of its ‘Social Banking’ service on Facebook. The new offering which is the first of its kind by any Nigerian bank allows the public to open GTBank accounts and
The management of UT Bank unveiled its new innovation in Banking dubbed, “UT Bank on Wheels” to its shareholders at the Bank’s 2013 Annual General meeting. The service which will be the first of its kind in the banking industry in Ghana is a mobile branch equipped with communications and technology systems to offer real
The Payments Association of South Africa has mandated the implementation and usage of 3D Secure for all merchants that process Card not Present transactions. The first implementation date was the 2nd of April 2013. The need for additional protection against unauthorised use of cards arose due to the significantly increasing fraud in this area. It
Global payments services provider, DataCash – a MasterCard company, announced the launch of GateKeeper:2.0. Aimed at online merchants and acquiring banks from a white label perspective, Gatekeeper:2.0 utilises advanced technologies and innovation to offer superior end-to-end fraud monitoring, detection and prevention. The GateKeeper solution currently screens over 30 million transactions per month, from 30,000 merchants
