The State Government of Gujarat and MasterCard have signed a Memorandum of Understanding (MOU) for strategic cooperation to accelerate the adoption of electronic payments processes involving government, businesses, as well as the transit and tourism industry. The MOU aims to improve access to money and create improved transparency, efficiency and speed in payments that would
Heartland Payment Systems, one of the nation’s largest payment processors, announced it is the first company to offer a comprehensive warranty that protects businesses from payment card breach losses in the event of a breach. Heartland’s breach warranty is offered at no charge to its Heartland Secure™ merchants in the first year and can be
Commerce Bank is introducing toggle, an industry first innovative set of payment features that improves the way customers can manage their spending and borrowing. toggle allows consumers greater personal control of their finances with free tools that let them manage both their everyday spending and larger purchases all on one card. “Customers today are looking
Entrust Datacard announced the availability of the Datacard EMV Personalization Validation software that is designed to validate the chip of every EMV card issued on a Datacard MX Series card issuance system. Using Barnes International’s smart card verification technology, this inline automated process helps increase production efficiencies and increases peace of mind for financial institutions.
UnionPay International announced it cooperated with Bank of Taiwan to enable the acceptance of UnionPay cards (card number starting with 62) on the Bank’s tuition and fees portal, allowing 45 local institutions of higher learning to accept tuition payment with UnionPay cards. The platform is the largest local tuition payment platform, where UnionPay becomes the
3Delta Systems, Inc.(3DSI), a leader in online credit card processing and a pioneer in safeguarding confidential payment data, has partnered with London-based Enterprise Payment Solutions Ltd. (EPS) to offer Enterprise Payment Exchange — the SAP-certified integration for EC-Pay, 3DSI’s buyer-initiated payments solution. This collaboration allows SAP users to streamline their commercial payments process and push
CPI Card Group, a global leader in financial and EMV chip card production and related services, announced that the company received the Center of Excellence award for the second consecutive year at the Smart Card Alliance’s annual member meeting. This program recognizes member companies who reach the highest level of active participation in the Smart
MBNA has, in partnership with MasterCard, launched a trial of a digital wallet. Once the trial is complete in early 2015, the MBNA Wallet could be quickly rolled out to customers. This will enable customers to securely store their credit and debit cards in their ‘e-wallet’ and, at the checkout for their online shopping, select
American Express announced the opening of a new technology hub in Palo Alto, expanding its presence in Silicon Valley. The new team being assembled will focus on innovations in big data, cloud computing and mobile infrastructure. “Technology innovation is driving the company’s ongoing digital transformation, and our team in Silicon Valley is focusing on core
Kenya and East Africa are actively transitioning to cashless payments systems. East Africa’s economies are largely cash based informal economies with its associated costs. Challenges in aggregating national transaction data, consumer spending patterns, tax administration – there is really no shortage of incentives. “With no means to track sales, little data is available, and channels
