The Electronic Payments Association announced its Payments Innovation Alliance has launched a Mobile Wallet Initiative to enable stakeholder companies and the broader mobile wallet community to leverage an “open” acceptance platform that includes support for retailer- and bank-branded mobile wallets for electronic payments. Launched last year, The Alliance is a membership group of more than
Leading pan-African banking group Ecobank Transnational Inc. (“Ecobank”) signed a landmark multi-country agreement with global payments technology company MasterCard to bring MasterCard’s payment solutions to more than 32 sub-Saharan African markets. It is a move that is expected to increase the acceptance and adoption of electronic payments in Africa. A culmination of the multi-country licensing
Visa, an international electronic payment company, sponsored the Prepaid Summit Middle East event for the sixth consecutive year in 2015. The event was held in Dubai. Uniting over 150 leading participants, this conference is a regional standard for the electronic payments industry. On this occasion, various awards were presented during a ceremony to regional financial
Wincor Nixdorf has been working with Commonwealth Bank of Australia in implementing an innovative payment solution on the Australian market, which will significantly improve the world of electronic payments. Albert, as the payment tablet is called, was jointly developed by Wincor Nixdorf, Commonwealth Bank and the design company IDEO. It changes how retailers interact with
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)
Itaú and MasterCard announced the signing of a new 20-year agreement that further strengthens the long-term relationship between the two companies. As part of the agreement, Itaú and MasterCard will establish and operate a new electronic payments network in Brazil. In addition, Itaú will issue payment solutions including credit, debit and prepaid cards as part
While consumers are very concerned about safety and security around electronic payments they also have a strong expectation that it should be convenient and fast to pay for what they want. This was a key point of discussion at a fraud and processing workshop hosted by MasterCard in Johannesburg. Addressing this, Johan Gerber, Group Head,
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
VersaPay Corporation, a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, is pleased to announce that Technical Sales International (TSI) has selected VersaPay’s ARC platform to automate their accounts receivable process. California-based TSI is a leading provider of building information management solutions (BIM) for mechanical, electrical, and plumbing (MEP) contractors and engineers.
Visa Inc., the global leader in payments, announced that it will strengthen its technology resources by creating 2,000 full-time technologist positions. These positions will be a combination of new roles and existing contractor positions that are being converted to full-time positions. Visa also plans to open a new technology center in India. The combination of
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