The inaugural MasterCard Masters of Code global hackathon competition has concluded in San Francisco with the winning team from Malaysia.
MasterCard will kick off its Masters of Code competition via a London hackathon on November 14-15. London is the last of 12 global hackathons with 3,000 of the world’s best developers battling for USD 100,000 worth of prize money if they can come up with an innovation that uses MasterCard’s payments platform and benefits city dwellers.
MasterCard and Cardlytics inked an agreement to deliver targeted card-linked services to US banks of all sizes. The new partnership will match Cardlytics card-linked marketing solutions and advertising expertise with MasterCard’s bank partners and its offers and rewards platform to deliver a solution that is unsurpassed in the loyalty business.
MasterCard is looking for Canada’s next big tech innovation at the MasterCard Masters of Code competition in Montreal on September 26th and 27th. MasterCard is giving Canadian coders the opportunity to bring their ideas to life by partnering with one of the world’s largest technology companies in the global payments industry.
MasterCard launched the eID pilot program. In the pilot phase, the Nigerian Identity Management Commission (NIMC) will issue MasterCard-branded identity cards with electronic payments functionality to 13 million Nigerians. This initiative is the largest rollout of a biometric-based verification card with an electronic payment solution in the country and the broadest financial inclusion program in Africa. The eID card forms a key component of the Nigerian Identity Management System, deployed by NIMC as part of its mandate to create, maintain and operate the country’s first central National Identity Database and provide proof of identity to Nigerians 16 years and older. The eID card will provide millions of Nigerians with the security, convenience and reliability of electronic payments. NIMC is working with several government agencies to integrate and harmonize all identity databases including the Driver’s License, Voter Registration, Health Insurance, Tax, SIM and the National Pension Commission (PENCOM) into a single, shared services platform.
Fiserv is helping its clients transition to EMV cards with an integrated, compliant and cost effective path to EMV-enabled debit and credit card issuance. With this unsurpassed experience and expertise Fiserv can guide clients through every step of the migration process “from analyzing their payment card portfolios to optimizing penetration, activation and usage, to deciding…
TSYS signed a contract extension with MainStream Merchant Services and will continue providing a full range of services to include authorization/capture and clearing/settlement, as well as bank identification number (BIN) sponsorship. MainStream Merchant payment processing processes more than $1 billion annually in credit card transactions.
Citi has offered commercial cards in Turkey for some time, but migration onto Citi’s global platform enables both multinational and local clients to benefit from a globally consistent customer experience, unsurpassed global acceptance and digital tools that enable greater visibility of their corporate spend. This development is in line with Citi’s strategy of offering a consistent experience for commercial card clients across all geographies. Citi intends to formally launch the platform in Russia, where certain clients are currently on a pilot programme. Launches are also planned in Ukraine and Kazakhstan before the end of the year.
Western Union global payment services announced a multi-year renewal agreement with Woodforest National Bank, which will continue to offer the global Western Union Money Transfer service. Woodforest will also introduce online account-based Western Union Money Transfer transactions to account holders in 2013. Western Union moves money in minutes to consumers in more than 200 countries and territories worldwide through multiple channels, including banks, local retail stores, www.westernunion.com, and their mobile phones.
Paybefore has chosen the KAIKU Visa Prepaid Card as a 2013 Paybefore Awards winner in both the Best General Purpose Reloadable Card Program – US Solutions and Outstanding Newcomer categories. Paybefore Awards, now in its seventh year, are presented annually by Paybefore, whose publications are the leading source of industry information for alternative payments executives. Kaiku Finance launched the KAIKU Visa Prepaid Card in July 2012 as a next-generation prepaid product empowering consumers to more effectively manage their money with an unparalleled combination of affordability, style, transparency, access, convenience, and mobility. The KAIKU Card’s sleek design and low monthly fee of $1.95 positions itself as a lifestyle choice for today’s increasingly mobile and cashless society.
Transact24 migrated its three unique Visa prepaid card programs in partnership with CashFlows, improving the services that the T24 Prepaid division can offer to its valued customers and partners and widening the geographical area from which applications for our prepaid cards can be accepted. These include the T24 Black prepaid card, offering priority pass and international travel insurance. The T24 BlackShield offers a unique travel protection membership program allowing medical and travel claims can be paid directly to the prepaid card, thereby streamlining procedures for the business to consumer sector. The T24 PayVault – a dedicated corporate pay-out / payroll product with a custom designed and automated back office, offers full integration to corporate clients.
MasterCard made its latest enhancements to the MasterCard “Smart Data” and its MasterCard “smartdata.gen2” web-based expense management and business intelligence. This allows companies to better manage their business and increase cost savings through unsurpassed visibility and access to comprehensive spend analytics. Included among the enhancements to smartdata.gen2 are improvements to expense reporting functionality; Industry-leading data export capabilities, for the flexibility to serve every kind of customer; and a new analytics module to monitor programs graphically and dynamically with a couple of clicks.