Mastercard and Soros to Catalyze & Accelerate Economic Development for Vulnerable

Mastercard has emerged as one of the world’s leader in financial inclusion initiatives and has now teamed up with Budapest-born investor George Soros to create Humanity Ventures. The enterprise could catalyze and accelerate economic and social development for vulnerable communities around the world, especially refugees and migrants. Mastercard CEO Ajay Banga and George Soros met…

Swiss China Blockchain Center to Deploy a Blockchain Platform in China

WISeKey inked a project to establish a join Swiss China Blockchain Centre of Excellence to deploy a Trusted Blockchain as a Service platform. WISeKey will work with experts in industry, government, and academia to address businesses’ most relevant Blockchain developments with practical, standards-based solutions using available Blockchain technologies. This dedicated center of excellence will conduct…

GMC Inspire Mobile Advantage Solution Offers m-Payments

GMC Inspire Mobile Advantage Solution Offers m-Payments

Appenzell-based GMC Software (GMC) has rolled out its GMC Inspire Mobile Advantage solution. Among its key benefits is real-time dynamic statements and mobile payments. The solution makes it possible to create a responsive, interactive and regulatory compliant mobile experience with little reliance upon IT or external support. For enterprises seeking to improve their competitive position…

BPC SmartVista HCE

Baar, Switzerland-based BPC Banking Technologies has launched SmartVista Host Card Emulation (HCE) solution ready to be implemented as an integrated or stand-alone module or as a service. SmartVista HCE solution is compliant to all functional and security standards set by international payment systems.

Cross-Border Impact

A first-of-its-kind study on Western Union sheds new light on the positive impact of cross-border money transfer broadly and of its services in particular. For example, each Western Union Agent location in the Philippines handles transactions that infuse enough funds into the local economy to create 85 non-Western Union jobs.

SIX & Oberthur Renew EMV Contract

Oberthur Technologies extended its partnership with SIX Payment Services card processor, whereby it will develop debit and bank cards for the bank from 2016 to 2020. SIX Payment Services releases a new chip specification on behalf of the Swiss debit card issuers every four years, followed by the evaluation of two suppliers. OT was selected in 2010 to develop and supply EMVI’12 chips from 2012 to 2016. The new product generation, called EMVI’16, will be issued from 2016 till 2020 and will be based on the specifications of EMVCo CPA (Common Payment Application), MasterCard PayPass and VCPS (Visa Contactless Payment Specification). EMVI’16 will enable the Swiss banks as well as international issuing processing customers of SIX Payment Services to offer Contactless payments on top of standard debit, credit and e-commerce functionality for MasterCard and Visa brands.