Africa’s largest remittance market is about to get bigger with the new partnership between eTranzact International and MasterCard. The deal has the potential to open up new remittance corridors, expand the scope of cashless money transfers, extend financial inclusion and support the growth of the economy in Nigeria.
The nation’s leading credit union service organization (CUSO), was honored as a finalist for the Stevie Award for Contact Center of the Year in the ninth annual Stevie Awards for Sales & Customer Service. PSCU claimed the bronze Stevie Award in the Financial Services Industries category for contact centers with over 100 seats.
Citibank inked a 10-year agreement to align its consumer proprietary credit and debit portfolios to the MasterCard network this year. However, Citi says it will continue to work with other networks, including on consumer co-brands and commercial cards.
Card payments acquirer, Merchants’ Choice Payment Solutions’ (MCPS) has buddied up with Powa Technologies to integrate platforms, providing a robust, fully integrated and secure tablet-based POS solution for retail and restaurant industries.
Florida remains the top state for per-capita fraud and identity theft complaints. The Panhandle State also accounted for nine of the top 20 metropolitan areas in per capita identity theft complaints.
TouchSuite has teamed with Frederick, to offer the company’s automated marketing platform as an integrated solution within its Firefly Salon point of sale system.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Carolyn Homberger, Group President, Customer Management & Maintenance of ACI Worldwide.
Boston-based Abine is launching a new beta service designed to help Bitcoin users more fully participate in online commerce. The invite-only beta will enable Bitcoin to Abine Masked Card purchases at any merchant.
Online billing service Hiveage’s newest API allows users to connect online billing with Hiveage straight into their own applications, such as shopping carts and online order forms, and retrieve data to generate reports for accounting.
Rhein-Main-Verkehrsverbund (RMV), one of Europe’s largest transport associations, has sold five million tickets through its Cubic-developed mobile ticketing app.
With the exception of Chase, the average yield for U.S. credit cards issued by the top four issuers, remained flat throughout 2014. However, RAM Research predicts U.S. credit card yields will decline slightly in the first quarter, despite the historical seasonality of Q1.
U.S. Visa (VS) and MasterCard (MC) credit card U.S. Gross Dollar Volume (GDV) will likely come in at $470 billion in the first quarter. Visa has posted strong double-digit gains in U.S. GDV and about double the growth rate of MasterCard.