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Mutual Trust Bank Implements New Payment Gateway to Enhance E-Commerce Acquiring Capabilities

The Fintech Times

” Mutual Trust Bank currently boasts a network of 120 branches, 306 ATMs and over 4000 Point of Sales (POS) machines. We look forward to continuing our collaboration to bring advanced payment solutions to the Bangladesh market.”

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Jaywan, the UAE’s First Domestic Card Scheme Introduced

Fintech Finance

The Jaywan scheme will be available in many variants, such as (basic and premium) including debit, pre-paid and credit cards, and can be used in all payment channels like online transactions, ATM withdrawals, and point-of-sale (POS) terminals.

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Inside Africa’s Fastest Growing Fintech: How Moniepoint is Supporting the Underbanked in Nigeria

The Fintech Times

We are Nigerias largest merchant acquirer, powering most of the countrys Point of Sale (POS) transactions. As well as our business solutions, we now offer services to individual consumers.

FinTech 59
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Visa Has Updated That They Will Prohibit Cashless ATM and Misuse of ATM Transactions

International Payments Processing

Visa has reminded acquirers that they will prohibit miscoding POS purchase transactions as ATM cash disbursements and submitting POS purchase transactions into the Plus network. PROHIBITED USE OF CASHLESS ATMS Cashless ATMs mimic standalone ATMs for the payment applications without cash disbursements involved.

ATM 88
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Visa Has Updated That They Will Prohibit Cashless ATM and Misuse of ATM Transactions

International Payments Processing

Visa has reminded acquirers that they will prohibit miscoding POS purchase transactions as ATM cash disbursements and submitting POS purchase transactions into the Plus network. PROHIBITED USE OF CASHLESS ATMS Cashless ATMs mimic standalone ATMs for the payment applications without cash disbursements involved.

ATM 88
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Hacked ATMs Lead to 70% Rise in Debit Card Fraud

FICO

The latest fraud news from the FICO ® Card Alert Service , which monitors hundreds of thousands of ATMs and other readers in the US, is bad. ATMs and merchants monitored rose 70 percent in 2016. ATMs, restaurants and merchants rose 30 percent in 2016. Never approach an ATM if anyone is lingering nearby.

ATM 72
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Salaam Somali Bank and Mastercard Launch Innovative Digital-First Multi-Currency Prepaid Card

Fintech Finance

This includes merchant Point of Sale (POS) terminals, Automated Teller Machines (ATMs), or online e-commerce platforms. The Waafi card offers a seamless digital banking experience for domestic and international transactions, enabling customers to perform digital payments anytime, anywhere.