RegardingID Archive | MasterCard creates Islamic debit card

Wednesday, August 6, 2008

MasterCard Worldwide has partnered with EonCap Islamic Bank to roll out an Islamic debit card that also includes ATM functionality. The card also works on PayPass systems, MasterCard’s contactless payment system.

“It is designed to appeal to both Muslim and non-Muslim individuals who prefer better financial control as the card ensures that purchases are automatically deducted from the cardholder’s account and approved only if enough funds exist within the account. It helps track spending, comes with worldwide acceptance at more than 26 million locations and can be used at an ATM for e-banking,” says an EonCap Bank spokesperson.

Charge Anywhere announced that it will launch its BlackBerry payments software featuring NFC technology at the BlackBerry World event this week in Orlando, Fla.

The Charge Anywhere Mobile Payment App for BlackBerry enables business owners to accept payments on their BlackBerry smart phone or PlayBook and securely process credit and debit cards on the go. Now, businesses operating on the BlackBerry 7 OS platform can accept NFC-enabled credit and debit cards like Visa payWave or MasterCard PayPass by simply tapping their customer’s card to an NFC-enabled BlackBerry Curve or Bold device.

MasterCard Advisors reveals results from study on contactless payments

MasterCard Advisors announced the results of the MasterCard Advisors PayPass Adoption Study, providing a quantitative analysis of the changes in U.S. account transaction behavior after adopting a contactless payments solution.

U.S. Bank rolls out campus ID, prepaid MasterCard at Michigan community college

U.S. Bank and Oakland Community College, Bloomfield Hills, Mich., have launched a combined campus ID and prepaid MasterCard program for the school’s 78,000 students and 788 staff members.

Azerbaijan excited for new contactless and mobile payments

MasterCard’s PayPass contactless payment feature may soon be presented to the Azerbaijan market of cashless payments.

According to a recent MasterCard study, 75% of the local residents said they would like to use contactless payment cards in supermarkets and 60% to pay public transport fare. When asked which devices, in addition to a plastic card, it would be convenient to make payments, 86% of respondents said they would like to use their mobile phone.

U.S. Bank, NC State offer combined campus ID and MasterCard

U.S. Bank and North Carolina State University, Raleigh, have partnered to offer the Wolfpack One Card, a campus ID card that doubles as a prepaid MasterCard. The card will be offered to incoming freshmen beginning in June. Current students, faculty and staff can upgrade starting in October. As part of the contract, U.S. Bank will also deploy ATMs on campus.

U.S. Bank partners with Hamline University

A new partnership between Hamline University, Saint Paul, Minn. and U.S. Bank will enable the school to offer enhanced banking services to its students, faculty and staff through the school’s campus ID card.

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MasterCard creates Islamic debit card