Briefs : JCB; ACI; RP; and ZOZI

OIn Other News: JCB (CFCM); ACI (Raphaels); RP (TPS); and ZOZI (SaaS). JCB – JCB International (JCBI) and Caisse Federale de Credit Mutuel (CFCM) have inked an agreement expanding the acceptance of JCB cards in France. From July 2016, CFCM will add acceptance of JCB cards at CFCM merchants and ATMs throughout France, reinforcing its…

Merchant Acquiring Facing New Challenges in Changing Landscape

Merchant Acquiring Challenges

The Merchant acquiring landscape is being transformed by a new cast of industry players providing emerging services such as e-commerce gateways and value-added services such as fraud management systems. Mercator Advisory Group’s most recent research report, Merchant Acquiring’s Ecosystem: Evolving Beyond Transactions says merchant acquiring is a pivotal driver of electronic payments in e-commerce and…

MasterCard and Beam Wallet Empower UAE Consumers

MasterCard and Beam Wallet

Beam Wallet and MasterCard will bring consumers a fast, innovative and rewarding way to shop at over 3,000 stores in the UAE. The innovative mobile payment solution offers users the chance to earn a range of rewards, including food and beverage, travel, shopping, telecommunications and entertainment discounts at physical retail outlets in the UAE. Beam…

WorldRemit Empowers MTN Mobile Money in Cote D’Ivoire

WorldRemit Empowers MTN

London-based WorldRemit and MTN Cote D’Ivoire have launched instant international remittances to MTN Mobile Money wallets in Cote D’Ivoire. With the WorldRemit app, the Ivorian diaspora can now send overseas money transfers to any MTN Mobile Money wallet in Cote D’Ivoire – with a few simple taps. This means people in Cote D’Ivoire can now…

Card Industry Risk-Adjusted Revenue Rises 13% in 2015

Risk-Adjusted Revenue Rises 13%

Revenue earned by the card industry last year is roughly $165 billion. However, pre-tax net income after all expenses (charge offs, operating expense and cost of funds) falls to $121.0 billion. According to R.K. Hammer there can be a large difference between these two metrics. Risk-Adjusted” is just that, the default risk (net charge offs)…

Mobvoi Smart Watch

Mobvoi Smart Watch Payment

Oberthur Technologies has inked a key partnership with Mobvoi smart watch an artificial intelligence company, and China Union Pay (CUP), to launch one of the first Android smart watches allowing secure contactless payment in China secured by OT’s embedded Secure Element. Mobvoi’s Ticwatch is the best selling Android smart watch in China since its launch…

Visa Digital Commerce App Ramps-Up Digital Payments

Visa Digital Commerce App

Visa Digital Commerce App has unveiled an issuer-branded mobile commerce solution enabling financial institutions to offer their own mobile app to customers with valuable card management services – ultimately expanding and strengthening their Visa credit, debit and prepaid card offerings. The new Visa Digital Commerce App enables issuers to offer services such as real-time account…