Ajay Banga, who left Citi to join MasterCard in August 2009, has been named as the network’s next CEO. He will succeed Robert Selander and will begin the new role in July 2010.
Monitise extends reach into Asia-Pacific
Monitise, a mobile banking and payments provider, has signed a joint venture agreement with First Eastern Mobile Investments to develop mobile money services in Asia-Pacific.
Online payments soar
Data released by NACHA, the US-based payments association, shows that payments via the internet increased substantially over 2009.
European ATM fraud losses decline
Fraud losses at ATMs in Europe fell by 36 percent in 2009, according to the European ATM Security Team (EAST).
Prepaid innovations drive Singaporean market
Card companies and banks are desperate for a slice of Singapore’s prepaid market as the sector is rich in potential.
Speedy card issuance rewarded
Citibank in Hong Kong has introduced a same-day card issuance service for its customers.
Visa Europe membership for Voice Commerce Group
Financial services provider Voice Commerce Group has become the first UK payments institution under the Payment Services Directive (PSD) to become a principal member of Visa Europe.
MasterCard introduces online shopping mall
Hot on the heels of Visa’s introduction of its RightCliq, online shopping payments service, MasterCard has announced that it will be launching an e-commerce shopping mall.
Players team up to tackle card fraud
Payments processor First Data and financial services security provider Hypercom have teamed in the battle to combat payment card fraud.
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