Global Payments, a provider of payment solutions, has announced that it will implement MasterPass, a digital payments service that allows consumers to use any payment card or enabled device for an enhanced shopping experience. The new service will provide Global Payments North American merchants the ability to offer their shoppers a convenient and flexible way
The latest MasterCard Online Shopping Behaviour Study reveals that 90% of South African respondents cite the availability of secure payment facilities as critical when shopping online. Concern around the safety of online transactions was the reason 42% gave for not shopping online in the last three months, up 4% from last year. When asked how
In a speech delivered at the China Development Forum, Ajay Banga, president and CEO of MasterCard, recognized the growth of financial access within the country over the past 30 years and highlighted the critical role financial inclusion plays in the continued development of the Chinese economy. This is the fourth year that Banga has attended
MasterCard has announced the intention to enter into a commercial agreement with Monitise plc to accelerate the development and deployment of mobile wallets and digital payment solutions by financial institutions worldwide. MasterCard also intends to make a minority investment in Monitise. Monitise provides solutions designed to help consumers bank anywhere, pay anyone and buy anything
MasterCard has announced a new initiative to help smaller merchants create efficiencies in their operations by accepting electronic payments. The effort combines changes to the company’s U.S. region rules with best practices and insights developed from conversations with smaller merchants. The new standards deliver greater transparency and value to smaller business owners. In the standard,
Cards and Payments World Africa 2014 is taking place this week on the 18th and 19th of March at the Johannesburg Convention Centre. It is the place where Africa’s payment specialists meet to discuss the challenges and opportunities in the industry. The show will feature 1200 attendees with 200 VIPs and 80 exhibitors. There will
Fiserv, Inc. and MasterCard have announced an agreement to make MasterCard’s U.S. common debit EMV solution available for the Accel debit network. Under this agreement, MasterCard issuers receive flexibility to select and implement network relationships, while merchants and acquirers will continue to route transactions as they prefer, without introducing multiple applications and complicated technology upgrades.
The National Retail Federation issued the following statement from Senior Vice President and General Counsel Mallory Duncan in response to the announcement by Visa and MasterCard of the formation of a new cross-industry group focused on enhancing payment system security: “We remain insistent that U.S. retailers’ customers be given the same protections as consumers in
CRDB Bank in Tanzania has launched a Visa/MasterCard – enabled prepaid card for the Kilimanjaro Christian Medical Centre (KCMC) to reduce cash transactions at the referral hospital in Moshi, Kilimanjaro Region. The Visa/MasterCard dubbed Tembocard KCMC card launched in Moshi are aimed at streamlining payments made by patients to further optimize revenues for the hospital.
MasterCard and Visa have announced the formation of a new cross-industry group focused on enhancing payment system security to keep pace with the expectations of consumers, retailers and financial institutions. The group will initially focus on the adoption of EMV chip technology in the United States, in addition to addressing other security-related topics, including tokenization,
