Meritus Payments Solutions announced yesterday that it launched Update XP, its new account updater solution, according to a company release. In partnership with its global payment platform Payment XP, major credit card companies can electronically exchange up-to-date card account information.
U.S. Bank will introduce new tools designed to improve virtual spending options for corporate travel at the Global Business Travel Association’s annual conference this week, according to a company statement. The bank explained in the release that its Travel VirtualPay option will now let business...
If state partners pay vendors for their services in cash before implementation, vendors could be tempted to discontinue supplies before implementation, says the United Nations Population Fund (UNFPA) Monitoring Team. A UNFPA finance associate spoke at the UNFPA Joint Program meeting made up of UN...
Muneeb Akhter failed at the first, and arguably most important, test of being a criminal mastermind—do not tell people enthusiastically about being a criminal mastermind. Akhter admitted in a sworn statement that he had used his prodigious talents as a hacker to break into...
What do giant jars of mayonnaise, value shoppers and EMV-compliant cards have in common? Starting in 2015 they will all be things one can find at a BJ’s wholesale club. The Massachusetts-based bulk store has inked an agreement with Alliance Data Systems Corporation and MasterCard...
The English have spoken and it seems that they have spoken out in favor using biometric indentification as a primary identifier when it comes to securing banking services. This insight comes from a Intelligent Environments survey that indicates almost 80 percent of British banking users...
Recent study indicates that consumers do not want to be passive participants when protect their online security. While unsurprisingly widely dissatisfied with retailers and their capacity to meaningfully protect their data, the people who are seeing their data breached over and over are increasingly looking...
Hony Capital, one of China’s largest private equity funds, has invested $50 million in cloud and mobile commerce enabling firm Deem, which recently under went recapitalization financing led by Point Guard Ventures along with various mutual funds. Deem connects a network of over 17,000 buyers and...
It’s not who you think. Of the 13M internet users in South Africa, the majority go online via their mobile devices. PYMNTS got the scoop from MasterCard’s Head of Emerging Payments for the Middle East and Africa, Aaron Oliver, to understand what makes the South...
