MasterCard and Vodafone Egypt have completed the migration of two million Vodafone Cash mobile wallets to MasterCard’s open mobile payments ecosystem. The migration also enables MasterCard to power Vodafone Egypt mobile money service, Vodafone Cash, by processing all financial transactions through MasterCard’s Mobile Payment Gateway platform, which MasterCard has worked closely with the Egyptian Banks…
When it comes to mobile devices, in general, 72% of Millennials and 64% of all business travelers use mobile devices to check travel itineraries one or more times a day during trips, and 55% of Millennials and 44% of all business travelers use them to check their expenses at least once a day while on…
Oberthur Technologies has unveiled its new multi-payment dual interface card developed on OT’s Global Platform and Java-based operating system. OT’s COSMO Fly v5.8 is the first dual interface product which includes the latest features from both Visa and MasterCard. It is the first MasterCard M/Chip Advance v1.2 certified products with multi-application requirements and also conforms…
Prepaid card king Green Dot has ankled William Jacobs as Chairman of the Board of Directors. Jacobs has served as the Chairman of the Board of Directors of Global Payments, a payment processing services company, since June 2014. Jacobs also served as Lead Independent Director of that company and as one of its business advisors…
Discover has joined the other three networks to offer accelerated chip cards. Discover Quick Chip will reduce the time a chip card needs to remain in the point-of-sale terminal, making the checkout process more convenient for merchants and cardholders. The new option for merchants to streamline the checkout process for all chip cards leveraging Discover,…
Worldpay Total has been launched into mainland Europe, providing an Omni-channel payments service designed to help brands deliver a consistent and convenient shopping experience across all sales channels, from their website to the Point-of-Sale. Worldpay Total will provide a unified alternative to the approach currently adopted by many brands which often requires them to work…
Experian has launched DataArc 360 powered by Experian Pandora, part of Experian Data Integrity Services. The new data quality solution is designed to check the consumer credit information provided by data furnishers prior to submission to credit bureaus. Experian’s solution allows data suppliers to take more of a proactive approach to ensuring the accuracy of…
The second calendar quarter earnings report season for the payments industry opens on July 14 when Chase and Citibank report before the market open. Visa is expected to report July 28 and MasterCard on August 3. JULY 2016 14 – Citi 2Q (AM); Chase 2Q (AM) 15 – Wells 2Q (AM); US Bank (AM) 18…
In Other News: NRHA (PAI); EXADIGM (certification); WELLS (P2P); and CARDFELLOW (Square). NRHA – The North American Retail Hardware Association (NRHA) and Payment Alliance International (PAI) have formed a partnership to provide independent home improvement retailers with new credit card processing and payment services opportunities. A leader in electronic payment processing solutions, PAI currently serves over…
In Other News: MASTERCARD (Fivory); UNIONPAY (cruises); PRAIRIE (m-wallet); and DEALERSOCKET (ProPay). MASTERCARD – Auchan Retail France, Oney and MasterCard join Fivory to accelerate the adoption and the roll-out of mobile payment and the dematerialization of the purchasing journey. All these players indeed participate in the development of a new open ecosystem, adapted to every…
Walmart announced the availability of Walmart Pay in another 11 states, including Virginia, North Carolina, South Carolina, Nebraska, South Dakota, North Dakota, Iowa, Tennessee, Kentucky, Michigan and Indiana. More than twenty million customers actively use the Walmart app each month and it ranks among the top three retail apps in the Google and Apple app…
The new national policy for financial inclusion by Mexico’s government could accelerate the country’s progress toward financial inclusion. While the goal of achieving 40% loan to GPD is challenging, the new policy, if promptly executed, could support credit for the private sector and bring lending to GDP closer to the government goal by 2018. The…
