[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union reported 2Q/13 revenues declined 3% compared to the prior year, or 2% on a constant currency basis, primarily due to pricing investments in the Consumer-to-Consumer (C2C) segment. C2C revenues declined 4%, or 3% constant currency, including a negative 1% impact from the Vigo and Orlandi Valuta brands. C2C pricing…
Mobile payments provider Fortumo announced direct carrier billing agreements with China Unicom and China Telecom. Fortumo is now the first and only mobile payments provider who can provide mobile operator billing for in-app purchases to all 1.15 billion mobile phone subscribers in China. Fortumo’s commitment to China is further solidified by its recently establishing a Beijing office, through which Fortumo aims to act as a bridge for Chinese developers seeking to monetize overseas and overseas developers seeking to monetize in China. Fortumo has already closed deals with top Chinese developers, including CocoaChina/Chukong, Gamewave and Boyaa for monetizing their games in the international markets.
CaixaBank and Global Payments payment processing services signed an agreement to form a 50/50 joint venture in the Brazilian merchant payments market to enhance Global Payments’ first incursion into the Latin American market. The new joint venture will be named Comercia Global Payments Brazil and, through its operating subsidiary, is already accepting Visa and MasterCard cards. This agreement will combine the technological and commercial expertise of the two companies, which have been at the forefront of payments innovation including contactless technology, digital payments and mobile solutions (mPOS). The strength of the joint venture represents a competitive advantage the two companies will bring to Brazil, a market that is growing at an annual rate of 20%.
SelectCore, Canada’s Leading Payments Organization, is pleased to announce that it has entered into an agreement with MasterCard International Incorporated.
Under the terms of the agreement, SelectCore will provide program management services for instant-issue MasterCard promotional card programs in the Canada region.
BKM Express, the payment platform developed by BKM (Interbank Card Center of Turkey), continues to be acclaimed by the users with its new services.
With the new mobile application of BKM Express, cardholders can make payments at e-commerce merchants and transfer money through mobile phones. BKM Express gives the opportunity to transfer money to mobile phones or cards for 7×24 between different banks. Mobile Application of BKM Express can be downloaded from Apple Store free of charge. Members of BKM Express can immediately log in the application with their currently effective e-mail addresses & passwords and begin to transfer money. Those who are not already members of BKM Express, can immediately become a member with their e-mail address and a password. It is possible to add cards by clicking “Add Card” button and begin to make transactions after receiving a verification password from the bank. BKM Express members, who prefer to make a payment on the mobile applications of merchants, can click “Pay with BKM Express” option on the payment page and they will be forwarded to the mobile application of BKM Express.
Bank of Ningbo has deployed its 500 ATM on the NCR APTRATM Edge multi-vendor software application while its network has been migrated to be compliant with EMV1 (PBOC 2.02) card payment standards. NCR has installed its Terminal Management Services solution, which provides real-time remote monitoring and recovery ability to ensure the ATM network’s availability and visibility. In addition, NCR has upgraded Bank of Ningbo’s ATM network with a suite of security solutions, including NCR Remote Key Management solution, Dynamic eLock Management Platform, and SolidCore for APTRA security solution, which will help improve security and ATM uptime. NCR immediately kicked off the project through detailed testing and analysis of its multi-vendor ATM environment, and implemented software to be shared among different vendors’ ATM terminals.
Diebold, Incorporated (DBD) announced that Stefan E. Merz has been appointed senior vice president of strategic projects, effective Aug. 1. In this role, Merz will be responsible for driving Diebold’s transformation strategy, helping execute on the company’s previously disclosed multi-year realignment plan, and identifying other areas of improvement that will drive future growth. With executive-level experience in strategic development, business intelligence, sales effectiveness and business transformation, Merz has a proven record of driving results and improving profitability in large, global technology companies. Merz held various leadership positions at Hewlett-Packard (HP) Enterprise Group and at Siemens AG, based in Munich, Germany, most recently serving as vice president of strategy and marketing. In this role, he was responsible for defining the organization’s enterprise services strategy and growth initiatives.
FIS (FIS) banking and payments technology announced KeyBank selected its front-to-back prepaid solution that will enable the bank to create a new payments channel for its business and public sector clients. The multi-year agreement includes transaction processing, integrated voice response for customer care and card fulfillment. The open-loop, reloadable prepaid cards aligns perfectly with this approach by giving card beneficiaries easy access to funds, while creating new efficiencies for corporate and public sector clients – particularly those migrating from paper-based processes.
Fiserv made available its Prologue Investment Portfolio Accounting application as a hosted (ASP) solution via the Intelligent WorkplaceSM web portal. Launched in the first quarter of this year, Intelligent Workplace provides centralized and cost-effective access to multiple Fiserv solutions that help manage performance, grow profits and protect assets. Using Prologue Investment Portfolio Accounting via Intelligent Workplace from Fiserv, portfolio managers within banks and credit unions can utilize an unlimited number of security types for complete flexibility and customization as their portfolios change and grow. Fixed, variable, adjustable and step-up instruments are all handled with ease, and the system simplifies tracking of the unique characteristics associated with debt instruments, equities, CDs and liabilities. The portal makes it easier for end users to manage and switch between these multiple applications, while seamlessly integrating an organization’s risk, budgeting and reporting data and processes.
BillGuard finance protection company, unveiled its free app for iPhone, offering the only tool for combatting the $14 billion dollars lost by American cardholders to unwanted “grey charges.” The BillGuard iPhone App is the culmination of the company’s pioneering work, crowdsourcing and analyzing millions of consumer-disputed transactions. The new app offers consumers a smart, fast way to track their credit and debit card spending and facilitates hassle-free refunds and subscription cancellations directly with merchants. With the help of a self-learning “Smart Inbox,” users can swipe through prioritized charges in an email-like interface. Working together, users identify charges that are questionable and provide community-edited merchant information that can help others quickly recognize even cryptic charges. When a charge is repeatedly disputed by others it is prioritized for all cardholders with a similar charge for their quick review.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa announced its 3Q/13 net income of $1.2 billion, an increase of 16% from the year ago figure. Net operating revenue in the fiscal third quarter of 2013 was $3.0 billion, an increase of 17% over the prior year, driven by strong growth in service revenues, data processing revenues and international…
FleetCor Technologies fuel cards and workforce payment products to businesses signed a long-term agreement with Visa Europe. FleetCor will utilize its Global FleetNet (“GFN”) fuel card processing system together with Visa Europe’s EMV standard chip and PIN intelligent technology to deliver new fuel card solutions across Visa Europe territories. The companies plan to develop new fuel card propositions together with the first planned implementation in FleetCor’s Allstar business in the UK. Allstar will be the first to offer this Visa Europe chip and PIN technology in the commercial fuel card space.