Smart Cities Hackathon Drives Innovation for MasterCard in AU

MasterCard partnered with AngelHack to hold a hackathon tied to the 23rd Intelligent Transportation Systems World Congress in Melbourne. Australia’s most talented developers and entrepreneurs were invited to join the ITS 2016 Mastercard Smart Cities Hackathon for two days to consider one question – how can we use data and technology to deliver smarter city…

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Omni-Channel Worldpay Total Comes to the U.S.

Worldpay has unleashed its newest omni-channel payment platform for the U.S. – Worldpay Total. Connecting and simplifying payments across sales channels through a single integration point, Worldpay Total delivers end-to-end payment processing by combining point-of-sale (POS), integrated payments and acquiring for integrated software vendors (ISVs) and merchants. Worldpay first introduced Worldpay Total in November 2014…

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Six FIs in Asia-Pacific Adopt the UnionPay Chip Card Standard

Six FIs in Asia-Pacific Adopt the UnionPay Chip Card Standard

UnionPay confirms its chip card standard licensing cooperation with seven member institutions of Asian Payment Network (APN). With this cooperation, the major switch networks in Singapore, Thailand, South Korea, Malaysia, Indonesia and the Philippines will adopt UnionPay chip card standard in card acceptance and card issuance. UnionPay acceptance network has expanded to 160 countries and…

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Teleshopping Market in India Accelerating Rapidly

The teleshopping market in India is forecast to exhibit a CAGR of 17.20% during 2016-2021, owing to wide reach of television broadcasting in India, increasing number of people viewing television, coupled with changing lifestyle and growing preference of the people towards more convenient ways of shopping. According to TechSci Research report, “India Teleshopping Market By…

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Briefs: PAYROC; CHOSEN; BLUEBIRD; and KOUPON

In Other News: PAYROC (acquisition); CHOSEN (NLA); BLUEBIRD (website); and KOUPON (Verifone) PAYROC-Payroc LLC, a leading merchant services and payment processing organization, announced today that it has acquired the assets of payment gateway and merchant account provider The iTransact Group, LLC. The transaction results in a notable expansion of Payroc’s payments business, adding 300 trusted…

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Safdar Khan

MC Names Division President for Indonesia, Malaysia and Brunei

MasterCard has ankled Safdar Khan as Division President for Indonesia, Malaysia and Brunei, responsible for delivering increased value to Mastercard stakeholders by driving the implementation of the company’s digital payment technologies. The new role and division will be headquartered in Jakarta, where Mr. Khan will be based, and recognizes the growing importance of the developing…

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Mexico FinTech to Offer Financial Inclusion

Mexico FinTech to Offer Financial Inclusion

Financial Technology companies (FinTech) are becoming important players in the Mexican financial system and could support financial inclusion. As a Latin American market with significant growth opportunities for FinTech, these companies could help increase the country’s financial intermediation levels, which are among the lowest in the region. Fitch Ratings says according to Inegi’s (National Institute…

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