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Mashreq the largest privately held bank in the United Arab Emirates, has chosen Postilion solutions to replace its payment switch infrastructure. This includes driving the bank’s ATM network, POS terminals and introducing new integrated POS services for retail merchants. Postilion claims this delivers operational improvements and financial savings to Mashreq, as well as offering its [...]
The post Mashreq chooses Postilion for payments switch infrastructure appeared first on Payments Cards & Mobile.
TSYS is to acquire Infonox, a privately owned, California-based technology firm with payments expertise and a methodology focused on delivering rapid-to-market solutions. TSYS reckons it will gain new payment technology and acceptance capabilities that move it closer to its goal of being able to handle any payment form, through any payment device, anywhere in the [...]
First Data (see acquirer ranking article on page 10) is opening of an office in Karachi, Pakistan with Khurram Gul Agha as its country manager. Entry into the fast growing Pakistan market reflects First Data’s strategy of developing a local presence in major markets around the world. First Data offers a range of payment card [...]
DBS Bank in Singapore has become the first Asian bank to sign up for the MasterCard MoneySend remittance programme. DBS cardholders or online banking customers who subscribe to the service will be able to transfer money across the MasterCard global network to more than 50 banks in India, Indonesia, Malaysia, Philippines and Thailand. Customers can [...]
Visa gave details of its imminent pilot of the Visa Card with one-time code at Cartes in Paris. MBNA (a Bank of America company in the UK), Corner Bank of Switzerland, Cal in Israel and IW Bank in Italy will each run pilot schemes in the next few months. The VisaCard with one-time code was [...]