15 January 2014 MasterCard is partnering with Ecobank Group to deliver electronic payments to sub-Saharan African countries. The deal stems from a 2011 agreement between the two organizations. That deal provides a number of MasterCard services, including prepaid, debit and credit cards, to areas previously...
The Discover U.S. Spending Monitor remained at 89.0 in December, as consumer confidence in the economy rose to its highest level since July. However, consumers’ spending intentions declined, according to Discover Financial Services. Significantly more respondents believed economic conditions were improving heading into 2014, Discover...
Client financial institutions of core processor Jack Henry and Associates will have access to American Express’ FX International Payments Service, Jack Henry announced. The AmEx service allows users to engage in cross-border payments more easily. In a statement, Brett Weinhouse, FX International Payments vice president...
Target confirmed a massive data breach on Thursday that rocked the payments world at the busiest time of the year in commerce. Initial estimates suggest the breach compromised the names, credit card numbers, debit card numbers, expiration dates and CVVs of more than 40 million...
30 December 2013 Venture partner at Menlo Ventures Karl Mehta and serial entrepreneur Carol Realini are currently crowdsourcing success stories for their new book “Financial Inclusion at the Bottom of the Pyramid.” Originally profiled in a November 21 article for PYMNTS.com, the book aims to...
21 November 2013 Payments, savings, borrowing, insurance, these services form the backbone of our daily activities, allowing buyers and sellers to generate income, save for large purchases and guard against potential risks to these plans. Yet, for nearly 3 billion global consumers across the globe,...
“Discover is building a global payments business, and as such, you need to have acceptance.” According to Gerry Wagner, vice president of global acceptance at Discover, such is the simple yet practical logic behind his company’s deal with Barclaycard: a pairing that made headlines around...
June 19, 2013 Non-profit industry association NFC Forum has signed up Verizon and Discover as principal members, NFC World reports. The agreements with these major companies coincided with the addition of new associate members, non-profit members and implementer members, bringing the total number of organizations...
Global financial inclusion surveys show that there are billions of low-income individuals who want a safe place to save, and evidence suggests that they are willing to pay for it. Many low-income individuals are currently able to store small values with licensed financial service providers....
