Credit Card Issuers Accelerate Promotion of EMV Chip Technology in U.S. as Conversion Deadline Approaches

Posted on by wademinnie | 9633 Views | 9 min read

With the October 2015 deadline for conversion to the EMV chip technology system less than a year away, banks and issuers are ratcheting up promotion of EMV enabled cards through enhanced customer communication and a shift in messaging within their credit card acquisition efforts. Chicago-based Competiscan has observed dramatic increases in direct mail acquisition offers

Understanding Dynamic Currency Conversion

Posted on by wademinnie | 9322 Views | 17 min read

Dynamic Currency Conversion (DCC) sometimes referred to as Cardholder Preferred Currency (CPC) has been around for sometime, but there is a good deal of misunderstanding, hype, misinformation, opinion and mystery around its benefits and its detriments. DCC is a service that allows credit card holders to pay for goods and services internationally with their local

Mahindra Comviva and Econet Release Mobile Money-linked Companion Card

Posted on by wademinnie | 9381 Views | 14 min read

Mahindra Comviva, the global leader in providing mobility solutions, announced the debut of connectMoney Service Manager through a landmark deal with Econet Wireless, Zimbabwe. As a part of the first live deployment of connectMoney Service Manager, Econet Wireless has issued MasterCard debit cards which are linked to the EcoCash Wallet. This is the largest rollout

CPI Launches First EMV Prepaid Cards to Canadian Market with Berkeley Payment Solutions

Posted on by wademinnie | 8424 Views | 6 min read

CPI Card Group, a global leader in financial and EMV chip card production and related services, announced the launch of its first EMV Prepaid card program in Canada with its long standing customer, Berkeley Payment Solutions. CPI has developed its EMV Prepaid solution to better serve its customers globally as the demand for higher security

MasterCard and Poste Italiane Announce The World’s First Integrated Online Donation Platform For Everyday Payments

Posted on by wademinnie | 9679 Views | 13 min read

MasterCard, World Food Programme and Poste Italiane have announced the launch of the world’s first integrated online donation platform helping Italians do good every day.   The new platform will allow all Poste Italiane MasterCard cardholders to automatically fund micro-donations in aid of World Food Programme every time they use their card. The project presented

American Express Introduces New Online and Mobile Payment Security Services

Posted on by wademinnie | 8393 Views | 9 min read

American Express announced the launch of its American Express Token Service, a suite of solutions designed to enable its card-issuing partners, processors, acquirers and merchants to create a safer online and mobile payments environment for consumers. With American Express Token Service, traditional card account numbers are replaced with unique “tokens,” which can then be used

EMV Chip Transaction Figures Published by EMVCo

Posted on by wademinnie | 7898 Views | 10 min read

Official figures released by the global technical body EMVCo show that nearly 30% of all card-present transactions conducted globally between July 2013 and June 2014 used EMV chip technology. The data represents all EMV chip card-present transactions – both contact and contactless – as processed by EMVCo’s members, American Express, Discover, JCB, MasterCard, UnionPay and

The Mobile Contactless Payment Solution, Valyou, is Now Being Launched

Posted on by wademinnie | 8160 Views | 3 min read

Over 400 stores in Norway already accept contactless payment with both Valyou and contactless payment cards. 10 to 20 new stores are being added every week. The CEO’s of Norwegian banks DNB and SpareBank1 Group, and mobile operator, Telenor Group; demonstrated the contactless mobile payment solution, Valyou. The demo took place at the convenience store

Austrian Firm Delivers Multifunctional Smart ID Cards to Nigerian government

Posted on by wademinnie | 10769 Views | 5 min read

Austria Card (Lykos Group) has announced it has produced and delivered to the Nigerian government identity cards with multiple innovative applications such as e-ID combined with biometrics, e-Health, voter-ID, pension-ID, and payment (EMV). In a statement, the company said the new identification documents will enhance security and public service in Nigeria. In all, the cards

MasterCard Launches MasterPass in Taiwan

Posted on by wademinnie | 8267 Views | 7 min read

Online shopping in Taiwan will soon be made simpler with the launch of MasterPass, MasterCard’s global digital payment solution, on November 19. MasterPass eliminates the need to enter detailed payment and shipping information with every purchase, and simplifies and speeds up the process of completing a transaction from any connected device. Today’s shoppers want simpler