AfrAsia Bank has introduced a rewards program offering real time booking on over 450 airlines and at 200,000 hotels to its World and Titanium MasterCard cardholders. In collaboration with Infinia Services & Solutions and MasterCard, this rewards program enables cardholders to earn XtraMiles whenever they swipe their World or Titanium MasterCard credit cards. XtraMiles is
Weve, the joint venture between the UK’s three largest mobile operators, is partnering with MasterCard to accelerate the development of the UK’s most comprehensive contactless mobile payments system. The partnership announced today will provide consumers with a fast, safe and convenient way to pay via their mobile phones at point of purchase and receive the
MasterCard has joined Visa, Google and Safaricom in rolling out a service allowing Kenyan commuters to pay public transport fares using mobile money. To use the MasterCard PayPass, commuters can tap cards on a mobile phone or gadget to pay their fares, with MasterCard saying the payment solution will be launched by June. It also
MasterCard has announced the appointment of Tim Murphy to general counsel and chief franchise officer, effective April 1, 2014. The appointment comes as Noah Hanft announces his retirement from MasterCard. Murphy also joins the company’s Executive Committee. Murphy, 46, joined MasterCard’s Law department in 2000 and became senior vice president and associate general counsel in
On Track Innovations Ltd. (OTI) a provider of secure cashless payment solutions based on contactless transactions and near-field communication (NFC), announced that its OTI WAVE technology has been certified for inclusion in Visa’s Compliant Products List. The OTI WAVE is an NFC add-on for smartphones, tablets and PCs. The OTI WAVE is the industry’s first
With almost 20 years of experience in the payment media and finance industry Ovidio Egido has been appointed as Country Manager for MasterCard in Spain. Egido has been with MasterCard since 2012 when he joined as Senior Business Leader for the country. For those two years he was responsible for the business expansion and for
MasterCard Incorporated has announced financial results for the fourth quarter of 2013. Excluding a special item, the company reported net income of $684 million, up 13%, and earnings per diluted share of $0.57 (adjusted for the company’s ten-for-one stock split), up 16%, versus the year-ago period. Including the special item, a $61 million after-tax charge
ElectraCard Services (ECS), a leading provider of software and processing solutions for electronic payment systems, announced that the student prepaid cards program at Chase Bank, Kenya has been launched on the electra platform. ECS is the technology and processing partner for the program and leverages its PA-DSS certified electraPREPAID platform to provide a seamless, safe
MasterCard and the Inter-American Development Bank (IDB) have recently signed a keystone agreement, as announced at the World Economic Forum in Davos, Switzerland, to work together in an effort to improve economic inclusion, transparency and financial formalization through the expansion of electronic payments in Latin America and the Caribbean (LAC). The five-year public-private partnership is
ATMIA has posted a response to a January 8 open letter by MasterCard, signed by North American Markets President Chris McWilton, that affirmed there would be no changes to the liability shifts set out in MasterCard’s EMV roadmap. The letter claims that a delay in the liability shift dates would “potentially increase the U.S.’s disproportionate
