Notwithstanding EMV has lowered fraud prevention costs for most U.S. companies, fraud continues to shift online. And while merchants and retailers plan to considerably increase investment in payments to improve customer experience (by 50% over 2015), more than three quarters of these organizations view security, compliance and fraud management issues as the biggest barriers to…
Diamond Trust Bank Kenya (DTB) and Mastercard are rolling-out the DTB Masterpass QR app in Kenya. This follows merchant service provider, Kopo Kopo, inking a partnership with Mastercard in March 2017, to roll out Masterpass QR across eleven markets in Sub-Saharan Africa, impacting over 250,000 micro, small and medium enterprises (MSMEs) over the next five…
United Settlement System (USS), a non-bank credit organization in Russia, inked a license agreement for JCB card POS acquiring in the network of POS-terminals of USS and its partner banks in 2017. The deal will enable JCB to expand its brand card acceptance in Russia. The inclusion of acquiring JCB cards under license of USS…
The deal is done. First Data (FDC) and CardConnect have completed their acquisition agreement. CardConnect is now a wholly-owned subsidiary of FDC and CardConnect shares will no longer be traded on the NASDAQ. CardConnect CEO Jeff Shanahan will continue to lead CardConnect operations and will serve as an Executive Vice President and as a member…