Paycorp payment services acquired 100% of the issued share capital of Saicom Group, the holding company of Kazang Prepaid and Saicom Payphones. Kazang provides prepaid voice, mobile data and electricity through proprietary mobile vending terminals that handle thousands of micro-payments every minute. Other services include DSTV subscription payments and RICA registration. Saicom Payphones, powered by Kazang, offers GSM-based community payphone services that run off the Vodacom network.The acquisition of Kazang is Paycorp’s first major transaction since private equity firm Actis acquired a majority stake in the group in November last year. This acquisition complements Paycorp’s existing suite of payment products and services and, with an established footprint across Africa, Kazang provides valuable new channels, expertise and insights to facilitate the business’s expansion further into the continent.Financial inclusion is a key strategic thrust fo for Paycorp which supplies a range of payment services to underserved rural and peri-urban areas.
Eurasian Bank announced its new mobile banking service through Monitise Create. The full-service, multi-language mobile banking app is available on iOS (iPhone) and Android to the Bank’s customer base that will exceed one million this year, with iPad and Windows Phone versions to follow. Monitise Create was approached by Eurasian Bank to define, create, develop and launch a mobile banking proposition to reflect the bank’s position as a key financial services innovator in Central Asia. The app, available in Russian, Kazakh and English, will provide all Eurasian Bank’s retail banking customers with access to transaction history for multiple accounts, intra-account transfers, bill payments, the option to apply for credit, block transactions and an ATM, branch and POS finder.
The four major global payment card networks (excluding Visa Europe, CUP and JCB) produced a 6.6% year-on-year (Y/Y) gain in Gross Dollar Volume (GDV) during the first quarter of 2014 (Q1/14). Visa (VS), MasterCard (MC), American Express (AX) and Discover (DS) produced $3.087 trillion in Global GDV, compared to $2.896 trillion in the year ago quarter.
The mobile payment solution SEQR is being integrated with Payzone. About 20,000 restaurants and stores that use a Payzone payment terminal will, through the agreement, offer its clients the possibility to pay with their mobile starting this summer.
Swish Payments Chip-and-PIN mPOS card reader announced that they’ve successfully secured PCI PTS 3.1 certification, including SRED for this fully mobile payment device. The Swish Chip-and-PIN card reader works in tandem with a merchant’s Android or iOS smartphone or tablet to securely process chip and magstripe card transactions. It boasts a sleek capacitive keyboard for PIN entry, lightweight, ergonomic design and it’s small enough to fit comfortably in the palm of your hand. Swish has taken great care in developing a mobile payment infrastructure which not only allows for ease and speed of payment, but more importantly, protects transaction data throughout the entire payment process. In line with this philosophy, Swish is an accredited PCI DSS Level 1 service provider. They’ve also obtained EMV Level 1 and Level 2 certifications, and have now added the PCI PTS 3.1 certification to their list of achievements.
Merchants and service providers can now instantly download version 3.0 PCI compliance policies and procedures containing hundreds of high-quality, professionally developed security templates for helping ensure rapid PCI compliance. The PCI DSS mandates are growing larger every day, expanding to more and more businesses, so now’s the time to obtain the very best security documentation found anywhere today.The version 3.0 PCI compliance policies and procedures from pcipolicyportal.com. It includes a comprehensive process for becoming compliant with the Payment Card Industry Data Security Standards (PCI DSS) that includes a step-by-step checklist for assessing one’s specific PCI requirements and overall needs. It also includes professionally developed information security and operational specific policies, procedures, forms, checklists, templates – and more – for ensuring rapid compliance with the PCI DSS standards. Additionally, section II contains dozens of critical provisioning and hardening documents for securing all in-scope system components.
PaymentVision PCI-compliant electronic payment gateway services will host a free Data Security Essentials webinar designed to help managers of compliance, accounts receivables, and operations professionals learn about payment card and data security. The event will share information and tools to help business owners and compliance managers understand payment card and data security, the benefits of PCI DSS v3.0, managing the PCI DSS scope, and the new PCI DSS v3.0 requirements.
Revel Systems has launched its iPad POS system for drive-through. This expands Revel Systems’ product offering for fast food and enterprise-level clients, providing them with a fully integrated video chat experience with their fast tablet-based POS system. The Video Drive-Through POS operates with three iPad devices, including Revel’s QSR iPad POS terminal. This enables seamless drive-through functionality and allows guests an engaging and easy way to order their food.
Delego Software Inc., an industry-leading enterprise payment and security solutions company, today announced the launch of DelegoInsights, an enhanced addition to Delego’s robust reporting package built on SAP® BusinessObjectsTM. DelegoInsights is designed to provide greater insight into electronic payment data stored within the merchant’s ERP system
MasterCard, WebMoney Corporation and Credit Saison launched the WebMoneyCard MasterCard-branded prepaid card. The WebMoneyCard can be used both online and at physical merchants that accept WebMoney or MasterCard payment cards. With the WebMoneyCard, cardholders can make payments at approximately 38.1 million MasterCard acceptance locations in more than 210 countries worldwide. The card can be used for diverse everyday purchases, ranging from apps to payment at restaurants, cafes and convenience stores. WebMoneyCard, which is obtainable without credit evaluation, ensures that cardholders can shop with ease, knowing that their spending will always remain within pre-loaded amounts.
Sipay Plus payment gateway has been approved for PCI DSS version 3.0 level 1. The new version 3.0 approved by PCI Security Standards Council, organization founded in 2004 by five major card brands, with the goal to ensure safety in card payments, includes important changes over the 2.0 version. Above all, with this evolution of the regulations it is intended to adapt it to the continuous market and technology changes related with payment industry, as well as to avoid some of the safety problems or deficiencies both in the standard itself as in the application, which have been identified in the past years. The incorporated requirements for the new 3.0 version mainly emphasize the proactive safety procedures, in particular the considerations, more restrictive, for the stored data regarding the card holders, the security in software development, the vulnerability evaluation with a higher demand in the penetration tests, the keys and passwords management, the review of the security records, as well as the extension of these requirements to the external providers.
Diners Club International, part of the Discover Global Network, and Bangkok Bank are set to implement their merchant acquiring partnership. Under the agreement, merchants using the Bangkok Bank terminal network will be able to accept Diners Club International, Discover, BC Global, DinaCard and RuPay cards, which are all part of the Discover Global Network. The Discover Global Network is the third-largest payments network in the world, operating in more than 185 countries. Diners Club International became the first multi-purpose charge card in the world, launching a financial revolution in how consumers and companies pay for products and services.