27Apr
Filed in Banking industry news
Leave a comment
Players in a financial-services attention are roving to a world’s many cash-rich locales, scouring farming villages in an bid to daub an inexperienced marketplace where some 2.4 billion people have nonetheless to open a bank account.
While regulating cosmetic cards and online banking to compensate bills is customary in a U.S., it’s still a novel thought in some rising economies. That has given birth to a new marketplace of unbanked mobile phone users and captivated a world’s biggest remuneration companies.
Visa (V), American Express (AXP) and MasterCard (MA), along with their partners in a telecom sector, have started rising apart mobile remuneration platforms in an bid to tempt cash-reliant villagers to trade in their wads of income for electronic banking.
“Living a life day-to-day quite in a income economy is diligent with risks, nuisance and high responsibility … there’s a screaming need of a improved approach to conduct your money.“
-
Article source: http://www.foxbusiness.com/industries/2012/04/23/who-needs-cash-online-banking-for-worlds-poorest/
American Express, financial services, MasterCard, microfinance, Online, payment, technology, Visa
31Mar
Filed in Banking industry news
Leave a comment
Visa and MasterCard concurred Friday that they’ve been alerting banks about a vital crack during Global Payments, an Atlanta-based remuneration label estimate firm.
Global Payments released a matter late Friday observant it detected a crack in Mar and reported it to attention officials and a FBI. The association scheduled a press discussion for Monday morning.
Gartner banking confidence researcher Avivah Litan says unverified reports indicate to a New York City travel squad with Central American ties holding control of “an executive comment that was not stable sufficiently.”
“I’ve oral with folks in a label business who are saying signs of this crack mushroom,” says Litan.
Security blogger Brian Krebs, who pennyless a story, says thieves burst into a Global Payments network between Jan. 21 and Feb. 25. He says they might have swiped some-more than 10 million credit and debit
Article source: http://www.usatoday.com/money/industries/banking/story/2012-03-30/mastercard-security-breach/53887854/1
analyst, Credit card processor, firm, Global Payments, MasterCard, payment, payment card, Theft, Visa
25Nov
Filed in CreditCard | MasterCard
Leave a comment
Extended Functionality of the MasterCard Mobile Over-the-Air Provisioning Service Includes EMV Configuration to Support Maestro PayPass, Maestro Prepaid and the M/Chip Application
Purchase, NY, November 17, 2009 – DnB NOR, Norway’s largest bank and a leader in mobile financial services, announced today its plan to launch a mobile payment services trial for its MasterCard cardholders. Using the MasterCard Mobile Over-the-Air Provisioning Service, the first service of its kind that enables issuers to perform over-the-air personalization of PayPass in mobile devices, DnB NOR cardholders will be able to trial the service that will allow them to use their Near Field Communications (NFC)-enabled mobile phones to make payments wherever MasterCard® PayPass™ is accepted. Telenor, a leading provider of telecommunications services worldwide, is also a partner in the trial.
Continue reading “DnB NOR Partners with MasterCard to Launch Mobile Payment Services Trial in Norway” »
credit card, MasterCard, mobile payment, Near Field Communications, NFC, over the air
