South African consumer confidence has improved for the second half of 2014, according to the latest MasterCard Index of Consumer Confidence released. With a score of 58.7, a slight improvement of 2.4 points compared to last year’s score of 56.3, the Index currently describes consumer confidence as ‘neutral-positive’. Now in its eleventh year in South
MasterCard announced that it has appointed Safdar Khan to lead its growing Islamic payments business in Southeast Asia with immediate effect. Mr. Khan, who is currently country manager for Malaysia and Brunei, will also be promoted to the role of group country manager for Indonesia, Malaysia and Brunei. He will continue to be based in
Tanzania has reportedly lost six million US dollars (over 10bn/-) so far through cyber-related fraud crimes, that involve mostly card skimming and Automated Teller Machine (ATM) thefts. Speaking at the fourth International Commission on Science and Technology for Sustainable Development in the South (COMSATS) conference in Dar es Salaam, the Permanent Secretary (PS) in the
MasterCard will demonstrate its newest digital innovations including MasterPass, MasterCard Digital Enablement System (MDES) and wearable technology during a press event at the grand opening of its new technology hub in New York City. MasterCard will also showcase its MDES tokenization service enabling Apple Pay. The global payments and technology company houses emerging payments teams
MasterCard and Zwipe have announced their partnership for the launch of the world’s first contactless payment card featuring an integrated fingerprint sensor. The launch of the card comes after a successful live pilot with Norway’s Sparebanken DIN, aligned to the Eika Group, as an answer to the complex challenge of providing a fast, convenient payment solution
The Payments Security Task Force announced a forecast of participating acquirers estimating that at least 47 percent of U.S. merchant terminals will be enabled for EMV chip technology by the end of 2015. The estimates are based on forecasts provided by acquirers representing approximately 80 percent of U.S purchase volume. Organizations participating in the forecast
Crystal Clear Payments, a leader in payment products for community financial institutions nationwide, announced a new strategic alliance with Elan Financial Services, a leader in EFT processing, to provide ATM and card processing for Crystal Clear Payments’ community financial institution customers. Crystal Clear Payments is leveraging Elan’s size and long-standing investment in ATM processing technology,
Equity Bank and American Express have announced the launch of the first American Express Cards in Kenya. Equity Bank now offers Kenyan consumers the Equity Bank American Express Green Card and the Equity Bank American Express Gold – both of which carry rich rewards and benefits. The launch builds upon Equity Bank’s reputation for offering
Cardtronics, Inc., the world’s largest retail ATM owner/operator, is now going beyond connecting consumers with their cash at convenient retail locations. With the launch of the ALLTM Network, Cardtronics introduces cash + digital rewards, with money-saving deals and discounts available immediately at stores hosting an ALLTM. How does ALLTM work? Get Cash: Consumers can use
Market research company Euromonitor International released new global data on the consumer finance industry. According to the data, 25.1 billion financial cards are currently in circulation globally with USD$56.7 billion dollars in transactions occurring in 2014. The US accounts for 3.4 billion cards and USD$10.1 billion in transactions. Emerging markets such as China and Brazil
