Hello Paisa & HomeSend
HomeSend, the international payment and money transfer hub, has launched live remittance services for Johannesburg-based Hello Paisa, a South African money transfer operator.
NCR Fractals
NCR released the latest version of its Fractals enterprise fraud detection solution, which delivers new eBanking fraud detection, powerful new fraud management features and an enhanced user interface. This new release incorporates many additions built in response to requests from the Fractals customer base.
MasterCard Aid Network
As the Pope’s visit is underway, MasterCard has launched the MasterCard Aid Network, an end-to-end, non-financial service designed to streamline aid distribution even in the absence of telecommunications infrastructure. Now, impacted populations can secure basic needs swiftly with the simple dip of a card.
Other Breaking News
In today’s CardFlash News Que: RAND (One Payment); PAYITSIMPLE (award); WIRECARD (Sparhandy); and THREATMETRIX (cities).
BofA Secured Visa Card
CardWeb.com’s CardPixes database of more than 7,000 images today features the secured Bank of America secured Visa Card.
HomeSend Expansion
HomeSend, a joint venture between MasterCard, eServGlobal and BICS inked a deal with Dialog Axiata to make international remittance services available to millions of consumers across Sri Lanka. HomeSend and Azimo also announced the launch of new mobile wallet services in ten countries throughout Africa and Asia-Pacific – reaching millions of mobile money subscribers.
MC & eTranzact
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.
MC A/P EXECS
MasterCard names new Asia Pacific executives to lead the region as MasterCard continues to innovate for digital convergence in the region. The A/P region currently contributes over one-third of global affluent and total consumer credit volumes,
MasterCard Names Group head, GM
MasterCard announced that Deborah Heng has been appointed group head and general manager of Singapore to lead all aspects of MasterCard’s business expansion efforts in Singapore, working with banks, non-financial institutions and key merchants to drive business results. In her 14 years with MasterCard, Ms. Heng has overseen diverse strategic business deals, delivering against aggressive revenue targets and managing investment budgets across varied geographies – first in Finance for the Asia Pacific region, followed by the Europe region, after which she moved to roles in Customer Relationship Management and Business Development based in Singapore. Prior to this appointment, her most recent role was Division Finance Officer for MasterCard, South East Asia and South Asia. Heng holds a Bachelor of Accountancy degree from the National University of Singapore and a Master of Business Administration degree from the University of Nottingham, UK.
Worldclear Launches Payment Clearing Platform
Worldclear has announced the official launch of its new payment clearing platform for corporates and financial institutions worldwide. Worldclear offers bank-to-bank wire transfers in any major currency and settlement accounts in USD, EUR, NZD and SGD.
JCB Signs Agreement With Redeban Multicolor
JCB International Co., Ltd. and Redeban Multicolor S.A. (“RBM”), the largest merchant acquirer in Colombia, are pleased to announce that they have signed a License Agreement for building a JCB card acceptance network in Colombia. With this arrangement, JCB cards will be accepted at all 200,000 RBM merchants throughout Colombia starting in early 2015.
MasterCard Acquires C-SAM
At Mobile World Congress, MasterCard announced it has entered into an agreement to acquire C-SAM, Inc. (“C-SAM”) a leading provider of mobile wallet and on-device software and services. In acquiring C-SAM, MasterCard will speed the development and deployment of mobile wallets and payment solutions globally, including the rollout of its MasterPass™ digital service. Today’s announcement builds upon a global strategic partnership developed between the two companies in December 2012, as well as a minority investment by MasterCard.