UBA Masterpass QR MSME Merchant App to Alter African Payment Landscape

United Bank Africa (UBA) introduced its first merchant-focused app in Africa with the aim of creating a SMART (secure, mobile, accessible, reliable, transparent) network of 100,000 micro merchants and driving financial inclusion. The merchant app will include Masterpass QR, a mobile payment solution powered by Mastercard, and is immediately available for download to any feature…

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Visa Sets U.S. PDV YOY Record as GAC/CIF YOY Hovers Near 10%

Visa’s U.S. payment card (credit+debit) purchase dollar volume (PDV), for the third quarter (3Q/16), logged its highest year-on-year (YOY) gain in more than three year. Even though the big Visa issuers struggle with stagnant growth in accounts (GAC) and cards-in-force (CIF), Visa continues to hover near double-digits YOY. Visa’s U.S. gross dollar volume (GDV) increased…

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mPayments Tiny Sliver of Connected Vehicle Technology w/Potential

Connected vehicles are set to go with the introduction of the Chrysler Portal concept offering more than 20 technologies to engage, inform and connect users including e-payment options securely transacted from the vehicle while in transit.  The Chrysler Portal concept is user experience designed with bring your own device (BYOD) in mind, seamlessly connecting with…

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Global Mobile Card Reader Market Ready to Explode – Driven by MSMEs

New research projects the global mobile card reader market will grow at a CAGR of nearly 54% between 2017 and 2021. The Technavio research lists magnetic stripe, chip and PIN, and near-field communication (NFC) as the three major technology segments for the mobile card reader market, with the magnetic stripe technology being the most commonly…

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Blockchain Tech & Microsoft Azure Platform Combine in Sports Arena

Microsoft recently Teamed with AMIS and Industrial Technology Research Institute of Taiwan (ITRI) and formed the first blockchain consortium network on Azure. Meanwhile, Microsoft was also in collaboration with many banks such as Fubon Financial. After a short period of one and a half month, Microsoft furthered blockchain technology into a new area and announced…

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3-D Secure 2.0 Answer to Growing mCommerce & eCommerce CNP Fraud

EMV security standard by both card issuers and merchants is expanding rapidly in the U.S., making counterfeit card fraud at the physical point of sale much more difficult to perpetrate. These two market changes are causing fraud to shift to the card-not-present environment. Mercator Advisory Group’s new research note, Debit and 3-D Secure 2.0, provides…

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Early Stage Credit Card Delinquency Spikes 15 bps Driven by Capital One

Early stage delinquency (30+ days) among the nation’s top 6 issuers rose sharply by 15 basis points (bps) sequentially in the third quarter (3Q/16) to 1.89%, and up 12 bps above last year’s 1.77%, according to CardData.  Five of the Big 6, including Chase, Bank of America, Capital One. American Express, and Discover, posted higher…

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Mastercard Top Exec to Lead Global Sustainability + Inclusive Growth

Mastercard has ankled Shamina Singh, president of the Mastercard Center for Inclusive Growth, to assume oversight of the company’s sustainability efforts in addition to her current responsibilities. In this newly created role, Singh will lead the creation and execution of a sustainability strategy, taking into consideration how the company operates in the current social, cultural…

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