[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Billable transactions for Visa’s payment management company, CyberSource, grew 16% year-on-year (Y/Y) in the first quarter (Q1/14) to 1.85 billion, according to CardData. While the growth rate is solid, it has been edging down sequentially since peaking at 27% in the second quarter (Q2/13) of last year. Over 400,000 businesses worldwide…
SafeCharge International Group Limited announced that they will be introducing their unique PCI descoping solutions by sponsoring and speaking at the 9th PCI London event, the UK’s premier payment and risk summit, to be held at the Park Plaza, Victoria, London on July 1, 2014. During the conference SafeCharge will highlight PCI Descoping solutions. Praful Morar, Corporate Development and Strategy Director of SafeCharge will be presenting the topic, “The Benefits of Outsourcing PCI” at 12:10 on July 1 in the Main Plenary Hall.
Delivering a personalized, distinctive banking experience to Bellco Credit Union, Diebold, Incorporated worked in tandem with Bellco to design the credit union’s new Stapleton Branch located in Denver. The technology-based branch enables members to conduct efficient, self-service transactions on one of three deposit automation-enabled Diebold Opteva® Branch Performance Series™ in-lobby teller terminals, all the while encouraging a more personal interaction between members and branch staff.
Alliance Data Retail Systems is buying the Good Sam Visa portfolio from Barclays Bank Delaware.The transaction is scheduled to close before the end of the third quarter. ADS further signed a long-term agreement with Good Sam Enterprises, that includes the Good Sam and Camping World branded products and services. Purchases made with the Good Sam Camping World Visa Credit Card earn Rec Rewards. Good Sam is the world’s largest RV owners organization, with over 1.5 million members.
Enterprises are dedicating increasing resources to security and risk. Nevertheless, attacks are increasing in frequency and sophistication. Security and risk leaders need to fully engage with the latest technology trends if they are to define, achieve and maintain effective security and risk management programs that simultaneously enable business opportunities and manage risk.
InComm has signed an agreement with Swedish Seamless that enables the digitization of the company’s vast portfolio of closed-loop stored-value cards using the mobile payment solution SEQR. The card, which can be topped up via mobile, will also function as a payment account in the SEQR-app and the US will be the first market to launch.
Prepaid Financial Services announced the launch of its industry leading Multi Currency prepaid card platform. The Multi Currency prepaid card enables corporate clients and cardholders to hold in excess of 15 currencies all on one card. The prepaid card offers more currencies than any other prepaid card globally.
Samsung Electronics Australia and Community Telco Australia, the Bendigo and Adelaide Bank telecommunication subsidiary, just launched their own retail POS mobile payment solution called ‘redy’. Customers can make payments using their mobile device by simply scanning a QR code in the ‘redy’ application. The app is available in Australia to anyone who uses a compatible smartphone. It can be linked to a Bendigo Bank savings account, or to any Visa or Mastercard account. No customer information or shopping data is passed onto the merchant for security purposes.
InComm has signed an agreement with Swedish Seamless that enables the digitization of the company’s vast portfolio of closed-loop stored-value cards using the mobile payment solution SEQR. InComm offers stored-value cards from more than 500 brand partners in the US. The collaboration opens up InComm’s large client base and enables stores to digitizetheir gift cards. InComm is a leading provider of cutting-edge prepaid products, services and transaction technologies to retailers, brands and consumers. SEQR is Sweden’s and Europe’s most used mobile wallet in stores and online.
MasterCard’s (MC) Latin America Caribbean (LAC) region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 21.7% on a local currency basis in the first quarter (Q1/14) to US$49 billion. Based on PDV, the MC LAC region is the fastest growing region. The average purchase ticket in the MC LAC region declined 12.0% Y/Y. One-year ago it stood at US$47.06, compared to US$47.48 in Q4/13 and US$47.06 in Q1/14, according to CardData. MC has 145 million cards-in-force (CIF) currently in the LAC region, compared to 131 million in Q1/13.
WorldRemit online money transfer service now offers instant bank deposits to BDO (Banco de Oro) and Metrobank accounts. The new service means that funds sent via WorldRemit to customers of either bank will be available immediately. WorldRemit’s business model is focused on offering a more efficient, affordable and transparent alternative to traditional money transfer operators. Several additional receiving options include cash pickup, home delivery, payments to mobile wallets and airtime top-up. An estimated US$25bn was sent to the Philippines in the form of remittances in 2013, according to research by the World Bank. The figure has grown 250% since 2003 when migrants sent around US$10bn to the country.
MoneyGram International celebrated a grant to the Agastya International Foundation through the MoneyGram Foundation at an event at Raje Shivaji School in Dharavi, Mumbai. Agastya International Foundation’s mission of “a creative India” is achieved by sparking creativity among millions of disadvantaged children and their teachers. The Mobile Science Labs aid in making learning fun and awakening intellectual curiosity. Each lab funded by the MoneyGram Foundation will travel to 30 schools in the states of Uttar Pradesh, Maharashtra and Bihar, teaching children using hands-on science models in physics, chemistry, biology and mathematics. The MoneyGram Foundation, launched in 2012, was established with the mission to help children around the world gain access to educational facilities and learning resources.