RBL Bank Integrates MasterPass QR into its OnGo Digital Wallet

RBL Bank Integrates MasterPass QR into OnGo Digital Wallet Masterpass Quick Response (QR) mobile payments solution has come to India. Masterpass QR enables mobile banking users to safely pay for face-to-face purchases using their smartphone or feature phone. Ratnakar Bank Limited (RBL Bank) is the first bank in India to integrate the Masterpass QR service…

Unified Transportation Payment Card Comes to Unbanked Filipinos

Oberthur Technologies has buddied with AF Payments to provide multi-purpose smart cards in the Philippines to allow end-users to have one single card to commute and pay in Manila. There is a significant number of unbanked consumers in The Philippines. In order to allow them to easily use transportation in Manila and in the same…

German Acquirers Expand UnionPay Acceptance

China-based UnionPay has inked a deal with two major acquirers in Germany, B+S Card Service and CardProcess. The two institutions will enable more than 50,000 local merchants to accept UnionPay cards, raising UnionPay’s merchant coverage from the current 30% to 50%. UnionPay’s acceptance footprint in Europe has expanded rapidly. Now, 38 European countries and regions…

Mobile Prestaging of Cardless ATM Cash Withdrawals

ATM, mobile banking, and mobile payments are converging for ever-more convenient customer interaction with banks and credit unions. Cross-channel features have been deployed as well as expanded interoperability with various front- and back-office systems. In new research, 2016 ATM Market Benchmark Report, Mercator Advisory Group describes examples such as mobile prestaging of cardless ATM cash…

Gross Transactions YOY in Double-Digits Driven by Debit Cards

Gross Transactions YOY in Double-Digits Driven by Debit Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 16.6% year-on-year (YOY) in the first quarter (1Q/16). International GTX for credit cards increased 11.9% YOY while international GTX for debit cards soared 20.9% YOY in 1Q/16. In the first quarter gross international payment card GTX for…

Visa+MC Intl Debit Card Cash Transactions Post Solid Growth

Visa+MC Intl Debit Card Cash Transactions Post Solid Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International cash transactions (CTX) for Visa and MasterCard credit and debit cards grew by 8.7% year-on-year (YOY) in the first quarter (1Q/16). International CTX for credit cards decreased 1.2% YOY while international CTX for debit cards rose 9.4% YOY in 1Q/16. In the first quarter gross international payment card CTX for…