Steward Bank has launched the first MasterCard World Rewards Credit and Debit cards, giving cosmopolitan customers access to unique privileges and rewards not seen before in Zimbabwe. This affirms Steward Bank’s position as a leading innovator in the country’s growing financial services sector. The premium card programme was launched at an exclusive golf day at
The Cost of Chargebacks Though accepting credit card payments is beneficial to a business, chargebacks can cause major drawbacks. We covered a few aspects of the chargeback process here and here. In this post we’ll discuss how to avoid chargebacks. If a customer disputes a transaction for one reason or another, the merchant will have
It can sometimes be difficult to totally avoid chargebacks. In light of this its best for a merchant to understand how the chargeback process works and what to expect when a chargeback request against you is requested by a cardholder. Before we look at the process, here are some of the terms you need to
Accepting credit cards as payment in your business transactions is a very promising concept. You can increase your revenue, your customer base and improve productivity. Getting a merchant account to be able to accept cards for payments adds convenience, cost-effectiveness and a gives the impression that your business is professionally run. If you have already
MasterCard launched Nigeria’s first Micro, Small and Medium Enterprise (MSME) focused Acceptance Development Program that will extend the security and convenience of electronic payments to merchants and their customers who previously depended on cash to transact. To kick off the program, MasterCard is partnering with First Bank of Nigeria and Guaranty Trust Bank Plc (GTBank)
Citizens Bank announced the launch of the Citizens Bank Cash Back Plus World MasterCard, a new credit card offering up to 1.8% cash back with no annual fee and none of the category restrictions or caps on rewards often found with other rewards cards. The new card is the latest offering from Citizens’ Bank Better
MasterCard appointed Betty DeVita as Chief Commercial Officer of MasterCard Labs, the company’s global research and development arm focused on payment innovations. In this role Betty will be responsible for developing and managing strategic partnerships focused on commercializing existing and future pipeline MasterCard Labs assets. Examples of current Labs innovations being commercialized include ShopThis! and
Visa Inc.launched its 20-city tour to educate small businesses and consumers about payment card chip technology (also known as EMV technology). The Small Business Chip Education Tour will commence at the Greater Austin Hispanic Chamber of Commerce Small Business and Entrepreneurial Showcase in Austin, Texas. Participants will have the opportunity to hear from payments industry
The Government of Egypt, represented by the Ministry of Communications and Information Technology, and MasterCard announced the details of a recent Memorandum of Understanding (MoU) that will aim to extend financial services to 54 million Egyptians. The announcement was made by H.E. Atef Helmy, Minister of Communications and Information Technology, and Ajay Banga, Chief Executive
Fiserv, Inc., a leading global provider of financial services technology solutions, announced the availability of The Card Collection from Fiserv for chip cards. As an alternative to ordering custom plastic and deploying a custom chip-card configuration, this new solution allows financial institutions using the Fiserv standard chip card configurations to more quickly and less expensively
