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  • Orient Bank Partners with UnionPay International for Card Acquiring Business

    Orient Bank Partners with UnionPay International for Card Acquiring Business


    2018-08-16 [ Industry News ]


    Orient Bank Uganda Limited and UnionPay International have announced recently that UnionPay Cards are now accepted at all ATMs and POS terminals of Orient Bank in Uganda. Orient Bank is one of the leading and fastest growing banks in Uganda and currently has more than 25 ATMs and 200+ Points of Sale in Uganda.Announcing the partnership in Kampala today, Julius Kakeeto, Orient Bank MD/CEO said, “This is yet another demonstration of our commitment to anticipate and meet our customer needs through technology, innovation and partnership. Uganda and China enjoy a robust trading relationship which r......

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  • Contactless Payment Cards are as Secure as Traditional Cards

    Contactless Payment Cards are as Secure as Traditional Cards


    2018-08-16 [ Industry News ]


    SABRIC (The South African Banking Risk Information Centre) would like to allay any fears that bank clients may have about contactless bank cards or “tap & go”, in the wake of a video that has been doing the rounds on social media.“A video trending on social media may have created the incorrect impression that contactless cards are easy to exploit by criminals. This is simply not true. Contactless payment cards are as secure as traditional cards, and SABRIC has not received any reported crime incidents where “tap and go” cards have been exploited”, says Kalyani Pillay, CEO of SABRIC.Contact......

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  • Amadeus Buys TravelClick, Steps Up Mobile Travel Solutions

    Amadeus Buys TravelClick, Steps Up Mobile Travel Solutions


    2018-08-16 [ Industry News ]


    One of the best use cases around for mobile payments is in travel. It’s a wonderful notion; there’s so much less to keep track of that way, and when you’re moving around a lot, the last thing you want is to be carrying around a lot of stuff. It increases the odds of failure dramatically; at some point in the system, something’s more likely to break down that way. So in aid of improving travel by putting mobile tools to work, Amadeus has recently agreed to buy TravelClick, shelling out a hefty $1.52 billion for the privilege.TravelClick is a substantial provider of travel services, with operati......

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  • How The Pays Are Fighting Back In Mobile Payments

    How The Pays Are Fighting Back In Mobile Payments


    2018-08-16 [ Industry News ]


    There’s no doubt that the mobile payments market is a lot more dense now than it was just a couple years ago. New competitors have shown up all over, and while mobile device manufacturers may have had an edge, their edge has been significantly challenged by the sheer number of upstarts out there. Now, the “Pays” are fighting back with new innovations that may help them recover, as revealed by word sent our way from PaymentSource.The Pays—named for mobile device brands followed by the word “Pay”, like Apple Pay, Samsung Pay and so on—may have started the mobile payments phenomenon in a lot of w......

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  • Huge New Mobile Payments Push Comes From German Bank Coalition

    Huge New Mobile Payments Push Comes From German Bank Coalition


    2018-08-15 [ Industry News ]


    With Apple Pay’s announcement of a push into the German market just a couple weeks old now, it might be something of a surprise to see how hard the German mobile payments market is pushing back. Reports from a group of German banks suggest that several new smart wallet features will be rolling out into German market, and over the course of the next few days, no less.The membership of Bundesverband der Deutschen Volksbanken und Raiffeisenbanken—try saying that three times fast!—will soon have access to contactless payments via digital token technology from Mastercard and Visa. Android users wil......

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