Building on its experiences from the rollout of the South African Social Security Agency initiative in 2012, which provides millions of South Africans a secure way to receive social grants, MasterCard has announced the launch of a similar program in Pakistan.
While recent reports are showing a decline in cash transactions, convenience store and gas station owners can increase customer loyalty, foot traffic and sales by installing an ATM, according to a survey of consumer habits in the U.K.
The spread of m-POS platforms has accelerated the decline of cash, according to a new report revealing that the volume of cash used in POS transactions in the U.S. dropped 10 percent between 2012 and 2013.
Collateral management as it is currently known will no longer exist within a few years as increased regulatory demands, rising levels of automation and growth of industry tools to optimise collateral transform the industry, according to a new survey and report by Sapient Global Markets.
Kazakhstan’s Eurasian Bank has launched a mobile banking service which offers basic mobile banking features to Kazakh, Russian and English=speaking customers.
As Russia’s revitalised Moscow Exchange begins to command increased attention from global investment banks and hedge funds, a new direct market access service says it can unlock trading features that may not previously have been available to many international investors.
MasterCard is beefing up its cardholder security efforts, adding identity theft resolution assistance to all of its credit, debit, prepaid and small business cards issued in the U.S.
After revolutionizing payment card acceptance for small merchants, Square now is seeking to make waves in the cash advance arena.
Five months after UnionPay’s partnership with Rev Worldwide to expand its prepaid market opportunities globally, payment network UnionPay is spending a sizable chunk of change to promote card and mobile app usage for online purchases to cardholders within China.
Pre-trade risk and post-trade processing specialist Traiana has launched a new version of its CreditLink tool for credit derivatives, which it says will help buy-side firms to trade on swap execution facilities.
Citi has launched a new set of trading features and transaction cost analysis tools on its Citi Futures and Options Execution platform, which it says will help clients to gain clarity from their futures clearing merchants.
Online investment bank Saxo Bank has opened an office in Abu Dhabi to target demand for sophisticated financial services from the increasingly wealthy population of the United Arab Emirates.
As speculation grows that Apple will include NFC technology in its next-generation iPhone, another clue came to light last week, when the U.S. Patent & Trademark Office published a patent application filed by the company for an NFC antenna design
Mobile app providers might be overlooking a key demographic as they try to develop the right mix of form and function that will help their apps gain traction with a large population of consumers.
The Consumer Financial Protection Bureau could release its long-awaited rules for GPR prepaid cards next month.
U.K.-based Raphaels Bank has signed on to deliver what the bank is calling the first prepaid loyalty card program in the roadside recovery industry for the RAC, a British automobile association.
The Athens Stock Exchange has chosen a new surveillance system that it says will help it cope with new European financial regulations, including MiFID II and EMIR.
Prepaid cards could be a key entry point for financial inclusion—especially when combined with mobile phones, according to a new report from MasterCard that studied the underserved population in six countries within the Asia-Pacific, Middle East and Africa (APMEA) region.
Processors continue to get scooped up in acquisition deals this month.
The European mobile payments market continues to draw the interest of investors, with London-based mobile payment and loyalty app Yoyo landing $5 million in seed investment.
Bell ID, a global provider of smart chip management solutions, has appointed Michelle Lehouck EMV product director for its U.S. division.
Matthias Höllerl has been promoted to vice president of sales, mobile messaging, at DIMOCO, a European mobile payment and messaging provider.
Net Element Inc., a mobile payments and transactional services provider, has appointed Drew Freeman to the company’s board of directors.
Naveen Surya, managing director at ItzCash Card Ltd., is serving a two-year term as Payments Council of India chairman as well as chairman of the prepaid issuers working committee. Vishwas Patel, CEO at Avenues India Pvt Ltd., is serving two-year terms as PCI vice chairman and chairman of the merchant aggregator and acquirers committee.
SightSpan Inc. CEO and President John Walsh and John Walsh, former host of “America’s Most Wanted” recently met at a Charlotte Mecklenburg Police Foundation event in Charlotte, N.C.
The European Securities and Markets Authority has launched a consultation on the implementation of MiFID II, the long-awaited legislation from the European Commission which was recently approved by the European Parliament. The consultation seeks to translate the principles agreed in the draft text into more technical standards which will be directly implemented across the 28 member countries of the EU.
Sourcing the right collateral to cover global exposures has risen up the list of priorities for financial institutions in Asia in the past 12 months as concerns mount over a possible collateral shortfall, according to a poll conducted by the Singapore Exchange and Clearstream at the Global Securities Financing Conference Asia 2014 in Singapore.
A new mobile wallet platform from InComm is capitalizing on the company’s prepaid expertise to offer wallet providers a multitude of features, possibly giving InComm a competitive boost and signaling a shift in the prevailing business model. T
Despite skepticism that the path to widespread NFC-based mobile payments is in the SIM card, global shipments of NFC-enabled SIM cards more than doubled last year, and the SIMalliance expects such growth to continue.
Following sessions on Tuesday that featured a keynote presentation by Guido Mangiagalli, Visa Europe’s head of prepaid/core payments; a deep dive into PSD2 and MIF regulations for prepaid, mobile and payments providers by TrustEu Affairs’ Monica Monaco; and a merchant panel addressing interchange and regulation from their side of the table, APEX Europe wrapped up yesterday with panels and individual speakers addressing the opportunities in emerging payments.
Don’t get bogged down by existing technological limitations—they will inevitably fade with the march of innovation—and the future will be beyond what you can imagine.
More than two years after the UK’s FSA introduced rules on mobile call recording for financial institutions, more than half of those affected still have not rolled out a solution – leaving many at risk of enforcement action, according to a new report by analyst firm Ovum and computer telephony specialist Teleware.
Security breaches at major institutions in financial services, healthcare and other industries are going undetected for months at a time and are often caused by basic errors of security, such as weak passwords, vulnerable applications and a lack of interest in security, according to a new report by cybercrime specialist company Trustwave.
Lucera Financial Infrastructures has launched LumeFX, a technology platform that aims to help market participants increase their chances of finding a fill by using a smart order router to find FX liquidity.
Nasdaq OMX has launched a new business intelligence service called MiQ, which it says will help its regional exchange, clearinghouse and CSD customers to better understand liquidity, market movements, performance and business opportunities.
If proposed changes to simplified due diligence go through as drafted, it will drive out a whole section of the prepaid market from Europe.
ICAP has launched a swap execution facility in the UK, as part of a push to dominate both the European and the US OTC derivatives markets as they are brought under new regulation.
Paybefore today celebrated the winners in its 2014 Paybefore Awards Europe competition and revealed those selected as Best in Category at the All Payments Expo Europe in Marbella, Spain.
Thailand’s Tisco Bank has chosen a new core banking system from US vendor FIS, which it says will help it to provide more real time services to customers. FIS Profile, the core banking solution, is already used by five of the 13 largest banks in Thailand. Florida-based FIS says it will provide the platform as […]
Global IT advisory firm Citihub Consulting has opened an office in Zurich, adding to a network that includes operations in London, New York, Hong Kong, Singapore, and Toronto.
