MetaBank’s payment solutions division Meta Payment Systems® recently signed an agreement to partner with hyperWALLET. Providing domestic and international mass payment solutions for corporations, HyperWALLET suits all the bank’s needs. The Sioux Falls-based financial company will become hyperWALLET’s second issuing bank in the United States, issuing corporate payment cards and facilitating ACH payments for their business clients.
Habib Bank Limited (HBL) and MasterCard today announced a partnership which will pave the way for the introduction of MasterCard’s innovative payment tools in Pakistan that will provide a safe, simple and secure payment experience to cardholders. In a major boost for the growth of electronic payment solutions in Pakistan, HBL, under the new collaboration will issue over 7 million MasterCard payment cards in five years including debit cards that will feature the highly-secure EMV Chip and Pin technology, prepaid cards, premium debit and prepaid cards as well as companion cards issued by HBL Express, the branchless banking arm of HBL. HBL will also be issuing MasterCard payment solutions specifically for students and the youth.
SWIFT and The Association of Islamic Banking Institutions Malaysia (AIBIM) and the Malaysian Islamic financial community are set to launch a new rulebook for the usage of SWIFT MT messages for Islamic finance. Islamic finance is broadly defined as the financial services designed to comply with the principles of Islamic law. This rulebook will provide greater clarity around SWIFT MT message usage based on Islamic principles in order to enable straight-through processing (STP), thereby improving efficiency as well as reducing risk and cost. It will provide an efficient platform for exchanging Islamic finance messages and further promote the usage of message standards. The SWIFT Islamic Finance Rulebook will be available to the Message User Group (MUG) by the end of 2014, open in all global markets.
AcceptEmail e-bill payment has selected Worldpay to power its international e-billing solutions. AcceptEmail is the digital replacement for paper bills, reminders, bounced direct debits or payment plans. It allows consumers to pay their bills securely and directly from their e-mail inbox on a PC or notebook, tablet or smart phone. Real-time generated images convey the current bill status, resulting in an intuitive payment experience. Worldpay’s global payment capabilities and range of alternative payment types mean AcceptEmail customers are now able to pay using many of their preferred currency, language and payment methods, swiftly and simply.
NJ-based Heartland Payments Systems has closed on its acquisition of KS-based TouchNet Information Systems. Heartland paid a purchase price of $375 million in cash. The deal was first announced in July.
Credit card usage in Malaysia grew at a compound annual growth rate (CAGR) of 6.87% between 2009-2013, driven by growing acceptance of card-based payments at POS terminals and on public transport were key factors driving growth.
Gem Bitcoin startup, launched a Bitcoin platform for developers at TechCrunch Disrupt SF’s Startup Battlefield. Selected as one of 30 companies competing for a chance to win $50,000 and the coveted Disrupt Cup, Gem’s full-stack API now provides developers with a complete solution that eliminates the pain of building Bitcoin security infrastructure into their apps. Founded by Bitcoin, Gem offers a platform for securing Bitcoin and other digital currencies. The importance of protecting Bitcoin balances and transactions is now mandatory in the wake of several recent industry security challenges resulting in the loss or theft of over half a billion dollars’ worth of Bitcoin. Gem’s solution, which can be deployed by developers in minutes, utilizes a three-key multi-signature system and several other integrated bank-grade security features to ensure Bitcoin wallets and funds are always secure and accessible. The combination of multi-signature technology with best-in-class authentication and monitoring systems in one comprehensive platform makes the Gem solution a first for the digital currency world.
Idaho’s PayPort payment service for utilities, state agencies and counties is expanding in the Gem State. Six more cities have jumped on the PayPort bandwagon.
CardWeb’s CardExecs database today features Nancy Murphy, SVP of Investor Relations at FIS. FIS is the world’s largest provider of banking and payments technology solutions.
The Credit Card division of China Everbright Bank is implementing an instant issuance solution for in-branch issuance of permanent credit cards. The DIY instant issuance system will be deployed in Beijing with 807 branches.
CardWeb’s CardPixes database of more than 7,000 card images today features the Webster Bank Visa Signature Bonus Rewards card. The card is issued by Elan Financial Services.
More Americans are relying less on credit cards since the Great Recession. A new report finds millennials in particular may have a greater aversion to debt, especially credit cards, since they grew up witnessing its effects on the economy.