electronic transactions

CGAP released new report on the future of mobile banking

November 18, 2009 - 1:28pm | News | Mobile finances

CGAP, a microfinance group based at the World Bank, and the U.K.'s Department for International Development (DFID) released a new report "Scenarios for Branchless Banking in 2020". The report is the product of a six month scenario-building project that engaged nearly 200 leaders from the fields of technology and finance from more than 30 countries.

branchless banking | CGAP | electronic transactions | mobile banking

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Heartland Payment Systems was praised for its security enhancement

September 17, 2009 - 11:02am | News | Payment systems

Heartland Payment Systems was ranked by Bank Technology News as the #1 innovator in The FutureNow List on the grounds it makes a good work to further secure its systems and the payments ecosystem with end-to-end encryption. Heartland’s new E3TM end-to-end encryption solution was described as "this year’s biggest security invention.”

Credit card | cyber crime | electronic transactions | Heartland Payment System | online security

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SmartCard reports 6000 transactions each weak

September 11, 2009 - 12:48pm | News | Payment systems

SmartCard Marketing Systems Inc. reported that their transactions from Bill Pay, Pin Debit, and Email transfers has jumped up to new high level for the last 2 consecutive weekends topping 6000 transactions each weekend.

As it is noted in the official statement of the company this ‘trend of growth and acceptance by merchants and consumers is exciting and allowing the company to understand the needs and demands of customers better.’

6000 Transactions | electronic transactions | payment system | transactions processing

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Frost & Sullivan analysed mobile banking and mobile payments

April 27, 2009 - 3:29pm | Banks and internet banks | News

According to the new analysis from Frost & Sullivan, it is expected that the mobile financial services markets in the United States will reach $1.46 billion in 2013.

The nation's leading financial institutions utilizes mobile banking services more and more for all types of electronic transactions – including commerce. Trends indicate that mobile banking and mobile payment services will see deeper market penetration in the near future.

e-commerce | electronic transactions | Frost & Sullivan | mobile banking | mobile payments

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Australian e-commerce laws will be upgraded

April 22, 2009 - 3:41pm | Law aspects | News

According to the local press reports, Australia agreed to upgrade its domestic e-commerce laws so it will be able to adopt the United Nations Convention on the use of Electronic Communications in International Contracts - a new legal standard that underpins business activity conducted over the internet.

e-commerce laws | electronic transactions | Standing Committee of Attorneys-General

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New mobile payment system announced by Orange and Barclaycard

March 9, 2009 - 6:12am | News | Payment systems

Orange and Barclaycard announced the launch of a new mobile payment system that will produce, as the companies claim, the "biggest revolution in payments since plastic cards were introduced over 40 years ago". With the new system customers will be enabled to make their payments for goods and services at merchants by waving their handset against a reader.

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PayPal to announce plans to work up a market

March 9, 2009 - 3:33am | News | Payment systems

While other companies pressed by the crisis times fear to provide any forecasts for their prospects eBay is determined to announce more details on its business. On March 11, 2009 the chief executive of the company John Donohoe plans to outline the further scenario of its subsidiary PayPal for the current year.

Donohoe expects PayPal to become a larger business than the parent online auction site.

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Wells Fargo adds three Asian countries to its ACH network

March 5, 2009 - 10:28am | Banks and internet banks | News

In a move to extend its presence in Asian market Wells Fargo & Company introduced its International Automated Clearinghouse (ACH) credit services to India, Hong Kong and Singapore.

“Our customers – from large corporations to small businesses – increasingly are doing global business. Asia is a key region for them,” said Judd Holroyde, head of global product management for Wells Fargo.

ACH payments | alternative payments | electronic transactions | payments processing | Wells Fargo

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Visa pins its hopes on Philippines’ market

March 5, 2009 - 10:22am | News | Plastic cards

Visa expects its business to further expand as more customers are shifting from cash and check payments to using credit cards, as noted by the Philippines manager Bob Joubert. While Visa has a "cautiously optimistic" view of the global economy Mr. Joubert noted that Philippine economy is "resilient."

consumer spending | Credit card | electronic transactions | retail payments | Visa

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Multi-currency payments launched by Chinese IPS company

February 23, 2009 - 7:55am | News | Payment systems

International Payment Solutions, a Shanghai-based payments company announced about its introduction of a new online service to allow Chinese consumers to make purchases in several currencies.

Last week the company launched its GlobalPay service that enables the users to perform their transactions in yuan, dollars, euros, yen, and other currencies with cards from Visa Inc., MasterCard Inc., and JCB Co. Ltd. The company didn’t unveil the names of the participating merchants so far.

China | Credit card | electronic transactions | International Payment Solutions | payment processing

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MasterCard reports 71.1% increase in transactions processing

February 11, 2009 - 10:27am | News | Plastic cards

MasterCard has reported that the number of transactions processed through the MasterCard Gateway Service (MiGS) in the Asia Pacific, Middle East and Africa (APMEA) region exceeded the 100 million mark (71.1% increase from previous year). In US$ these transactions showed a 53% increase.

ecommerce | electronic transactions | MasterCard | mobile commerce | payments processing

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Transtech’s electronic payment services to be delivered in Latin America

November 13, 2008 - 6:05am | Articles | Other themes

Transtech Sino America, Inc., joint venture of Alternet Systems, Inc. with Tianjin IC Card Public Network Systems Co. LTD (TCPS), finalized its partnership agreement with Banrural, the largest bank in Guatemala that has the largest number of bank branches. As a part of their agreement Banrural will serve as Transtech's financial partner for E-transactions, E-ticketing and mobile payment solution projects in Guatemala and the surrounding region.

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eTranzact announces new products

November 10, 2008 - 3:19am | News | Payment systems

African epayment services provider eTranzact introduced new features. Miss Amaka Okolo, the Brand and Marketing manager at eTranzact, reports that the latest services include eTranzact Strong Authentication (ESA), Two Factor Authentication (2FA) for ATM, POS, Mobile and Web transactions. Customers can avail of the services using their personal identity numbers to ensure protection against fraud in all cardless payments.

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