Monday, February 20, 2012

MasterCard Selects Dublin (not Durbin) as Base for Global Technology Office

MasterCard Selects Dublin, Ireland as Location for Global Technologies Office

As electronic payments continue to replace the use of cash, MasterCard’s Dublin office will develop innovative ways to drive this trend
DUBLIN--()--MasterCard Worldwide today announces a new global office for the company’s technology operations, to be headquartered in Dublin, Ireland. The expansion, supported by IDA Ireland, will create an additional 130 highly skilled jobs during the next four years, bringing the total number of people employed in Ireland to approximately 200.
“We are pleased to make this investment in Ireland, which builds on our existing presence. The calibre of highly qualified, talented people and the Government’s commitment to science, technology and innovation, gave us confidence that this was the ideal setting for our new Global Technologies office.”
“At our core, MasterCard is a technology company that happens to be in the payments space,” saysRob Reeg, president, MasterCard Technologies. “Our focus as a company is on offering innovative, game-changing technologies that offer mass appeal for our global customers and cardholders. We’re confident that this larger office in Dublin, as well as the new technology team members that we plan to hire, will help further our technology agenda and innovation vision.”
MasterCard is currently recruiting for technology roles for the Dublin office via the company’s web site (
Having a presence in Ireland is not new for MasterCard – the company has had an office in the city since it acquired technology company Orbiscom in 2008. However, this expansion means an increase in both staff, as well as the areas of focus for Dublin technology team members, including:
  • MasterCard Labs - Dublin is already one of the four key locations for MasterCard Labs, the company’s research and development function tasked with fast-tracking innovative products and services to bring them to market quickly. MasterCard Labs is headed up globally by Garry Lyons, the former CEO of Orbiscom and MasterCard’s Chief Innovation Officer, who is based in the Dublin office.
  • Center of Excellence for Java Development. The Dublin office has been designated as MasterCard’s Center of Excellence for Java Development, one of the predominant programming languages for ecommerce, mobile and other emerging payment technologies.
  • inControlMasterCard’s inControl platform team will be based in the Dublin office. MasterCard inControl is a key product that MasterCard offers to help customers and cardholders set custom controls on usage of their credit, debit and prepaid cards, offering improved insights on how and where their cards are used.
The Dublin team will work collaboratively with other MasterCard office locations, particularly the MasterCard Technologies headquarters office in St. Louis, Missouri, USA.
“MasterCard chose Ireland as a place to expand our presence because, from our vantage point, we see consumers moving toward a world beyond cash, shopping and paying for the things that matter to them in ways that best fit their needs and lifestyles with a simple tap, click or touch in-store, online or on a mobile device,” says Reeg. “We are pleased to make this investment in Ireland, which builds on our existing presence. The calibre of highly qualified, talented people and the Government’s commitment to science, technology and innovation, gave us confidence that this was the ideal setting for our new Global Technologies office.”
Welcoming the announcement, Barry O’Leary, CEO of IDA Ireland says, ‘’MasterCard’s decision to locate a global office in Dublin, with the creation of approximately 130 new jobs, is most welcome news. The global technologies office will meet the requirements of the rapidly growing area of payments. This announcement is in keeping with IDA’s focus on targeting technological investments in the financial services sector which is a key growth area. I wish MasterCard every success with their investment and offer the continued support of IDA Ireland into the future.’’
About MasterCard
MasterCard (NYSE: MA),, is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @mastercardnewsjoin the conversation on The Heart of Commerce Blog and subscribe for the latest news.

Visa Introduces Suite of Mobile Services for U.S. Financial Institutions

English: Visa logo
Image via Wikipedia

Visa DPS, the largest issuer processor of Visa transactions in the U.S., and Monitise, a leading provider of mobile banking services, have launched a one-stop solution for mobile services

SAN FRANCISCO--()--Visa Inc. (NYSE: V) today announced the launch of mobile services that allow financial institutions to offer their account holders the ability to monitor account history and balances, transfer funds between accounts, and receive near real time transaction alerts on their mobile devices.
“The services offered by Visa DPS are a one-stop solution for Visa clients who want to serve their customers through the mobile channel without making significant investments in hardware, software or mobile expertise”
Working in collaboration with Monitise (LSE: MONI), Visa made a significant enhancement to its issuer processing platform, Visa DPS, to offer mobile services that are fully managed by Visa and can be accessed with any mobile device, any mobile channel, and with any eligible debit, credit or prepaid account. Additional services are currently in development including mobile check deposit, mobile (NFC) payments, mobile offers, and support for by Visa, Visa’s digital wallet service.
Enabling mobile services through the Visa DPS platform directly aligns with Visa’s global innovation strategy to accelerate the global shift to electronic payments, to make payments more secure, more convenient and to bring electronic payments to more consumers in more places.
“The services offered by Visa DPS are a one-stop solution for Visa clients who want to serve their customers through the mobile channel without making significant investments in hardware, software or mobile expertise,” said John Partridge, President, Visa Inc. “Through our ongoing investments in Visa DPS, our clients can not only take advantage of Visa’s scale and expertise in payments processing, but also have the opportunity to easily implement Visa’s extensive roadmap of mobile innovations – from mobile banking, to NFC payments, and to our digital wallet,”
In developed countries like the U.S., with an established electronic payments infrastructure, expansive Internet usage and broad mobile network penetration, Visa’s strategy is to enhance the consumer purchase experience by making mobile payments and services broadly available.
Lisa Stanton, General Manager for Monitise North America commented: “Mobile money innovation is transforming how consumers manage accounts, providing them with real-time account access and information on the go, while also enhancing the overall experience with their account. The launch of mobile services offered by Visa DPS is a great win for financial institutions in North America eager to utilize the mobile channel to serve their customers.”
About Visa Inc.
Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 20,000 transaction messages a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank, and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit
About Visa DPS
Offering Visa quality security, reliability, scale and interoperability, DPS is a large-scale, multi-product, multi-network issuer processor and payment solution provider that delivers a comprehensive and innovative set of capabilities including card, account, and transaction processing, settlement, mobile services, ATM driving, extensive fraud prevention and risk mitigation solutions, back-office tools and services, data analytics, and cardholder and program support services. DPS is the largest issuer processor of Visa transactions in the U.S.
About Monitise
Monitise plc (LSE: MONI.L) is a technology and services company delivering mobile banking, payments and commerce networks worldwide with the proven technology and expertise to enable financial institutions and other service providers to offer a wide range of services to their customers in developed and emerging markets. Monitise has a global alliance agreement with Visa Inc. and a strategic partnership with Visa Europe. With live services in the UK, the US, India and Africa, the company is working with international partners to extend trusted and secure mobile banking, payment and commerce services in territories worldwide, including Europe, Asia Pacific and Latin America.

AsiaPay Launches ePayAlert to Provide Advanced Online Fraud Detection

AsiaPay launches ePayAlert, a real-time comprehensive fraud monitoring and control management system that can help detect and prevent online fraud. The new solution and service enables banks, payment service providers, airlines, hotels, and merchants optimize their fraud management operations effectively and efficiently to help minimize financial losses. 

February 20, 2012, Hong Kong – AsiaPay today announced the launch of ePayAlert, a comprehensive online fraud prevention service and solution suite for protecting banks, payment service providers, airlines, hotels, and merchants from the risks associated with card-not-present transactions. This advanced, highly customizable solution and service fully processes and checks online payment transactions with extensive use of dynamic rules with real-time fraud reporting and alert support.

Fraudulent credit card transactions have become a significant source of income loss to online businesses and with online spending on the rise, fraudulent activity is likely to continue to increase. Fraud losses not only affect the bottom line but also affect the future revenue of online businesses. This threat puts added pressure on companies to leverage a fraud review process that is fast, precise and keeps operating expenses in check.

“In today’s online retail environment, it’s imperative that businesses put into place user-friendly tools to effectively identify and mitigate online fraud to help protect both consumers and the organization’s reputation, and such protection can also be extended to the mobile payment environment,” said Joseph Chan, CEO of AsiaPay. “To address this need, we’re introducing a comprehensive online fraud solution and service which provides risk managers and analysts the ability to customize their own risk parameters, extend risk alerts via email or SMS, and download detailed reports and statistics with additional in-depth analysis thereby, allowing them to focus their attention on fraudulent transactions while fast-tracking valid orders through fulfillment.”

ePayAlert is being offered either as an online service, white-labelled hosted service, or as a total solution license model. The key features are:

§   Data Format Checking – assesses customer information gathered against pre-determined rules
§   Blacklist Control – verifies payment information against a comprehensive blacklist database and maintains these blacklisted data items
§   Geographical Checking – cross-examines different geographical data identified in the transaction
§   Velocity Checking – cross-examines velocity of the related data item in the transaction
§   Transaction Limit Checking – validates limit control at bank/merchant level across different time periods
§   Historical Negative Record Checking – validates payment transaction against historical payment and negative records
§   Risk Scoring – applies real-time scoring of payment transaction with customizable rules and weights
§   Real-time Alert – prompts merchants on suspicious payment transactions
§   Real-time Reporting Console – enables merchants to access real-time fraud reports anytime
Moreover, it can be tailored to meet the specific fraud prevention needs of businesses of any size.

For more information on ePayAlert, visit
About AsiaPay
Founded in 2000, AsiaPay, a premier electronic payment solution and technology vendor and payment service provider, strives to bring advanced, secured, integrated, and cost-effective electronic payment processing solutions and services to banks and e-businesses in the worldwide market, covering international credit card, debit card and other prepaid card payments. AsiaPay is an accredited payment processor and payment gateway solution vendor for banks, certified IPSP for merchants, certified international 3-D Secure vendor for Visa, MasterCard, American Express, and JCB. AsiaPay offers its variety of award-winning payment solutions that are multi-currency, multi-lingual, multi-card, and multi-channel together with its advanced fraud detection and management solutions. Headquartered in Hong Kong, AsiaPay offers its professional e-payment solution consultancy and quality local service support across its other 9 offices in Asia including: Thailand, Philippines, Singapore, Malaysia, Mainland China (3), Vietnam, and India. For more information, please visit

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