We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent.
Mastercard has officially launched Cyber Secure – an AI-powered range of tools that are expected to help banks prevent potential breaches. According to the financial services company, banks can use these capabilities to identify and prioritize threats and vulnerabilities throughout their cyber environment. Additionally, acquiring banks can help merchants understand their own cyber risk, preventing hundreds of millions of dollars in potential fraud. As the digital economy expands, both in size and complexity, so too do its points of vulnerability that may be subject to attack. One example of this is the rapidly advancing Internet of Things – 2.5 quintillion bytes of data are generated by people and their devices every day, with 90% of this generated in the last two years alone. It is estima...
QNB Group has become the first bank in Sudan to have successfully performed an international payment card transaction in partnership with Mastercard. The transaction was performed using a Mastercard virtual prepaid card product. QNB is also the first Bank in Sudan to have obtained an issuance license from Mastercard. The first successful international prepaid card transaction was performed on 14 June 2020 and it marks an important and historic milestone for QNB and Mastercard’s strategic plans in Sudan and across Africa. Through this partnership, QNB will issue and accept the Mastercard-branded payment cards in Sudan, allowing more people and businesses across the country to enjoy more convenient, secure and easy to use ways to pay locally and globally. The QNB Mastercard product is a secu...