eftpos would begin mobile payments trials with selected Australian retailers in the next few months as eftpos had signed a five-year agreement with C-SAM to provide an eftpos mobile wallet and NFC widget, to meet the needs of eftpos in the Australian market. The C-SAM platform will enable eftpos to offer smartphone users a comprehensive mobile wallet for conducting secure near-field-communication (NFC) transactions related to payments and other value-added services.
Oki Electric telecommunication manufacturer headquartered and Itautec Brazilian companies of banking and retail automation, personal and corporate computers and technological services announced a strategic partnership to jointly operate an automation and services company in Brazil. The partnership is intended to drive growth to aim for the leading share in the Brazilian ATM and IT markets by capitalizing on OKI’s world top-class cash-recycling ATM technologies as well as Itautec’s extensive customer base and services network for the maintenance of computers, ATMs and other IT devices, which is the largest such network in Brazil and reaches more than 3,700 cities. OKI has achieved strong track records in Japan and China, where it holds the leading market share, as well as in Russia and Indonesia. Capitalizing on these achievements, OKI is focused on expanding sales in emerging countries, such as those located in Central and South America, where rapid economic growth is expected.
MoneyGram money transfer company signed an agreement with Intesa San Paolo Bank to offer international money transfer services at more than 50 of the bank’s branch locations throughout the country. The companies expect the branches to be fully operational in September. With the addition of Intesa San Paolo Bank, MoneyGram’s money transfer network increases to more than 100 locations throughout the territory in less than a year after entering the Bosnian market. The majority of money transfer sends to Bosnia originate from Austria, Germany, Switzerland and the United States.
MasterCard announced a partnership with the French Tennis Federation (FFT) to become the official payment card of the Roland-Garros tournament, one of the four Grand Slam tennis tournaments. The five year relationship between the French Tennis Federation (FFT) and MasterCard combines MasterCard’s expertise in technology and payments with FFT’s strengths in the organization, co-ordination and promotion of tennis in France and around the world. Through Priceless Paris, the latest deployment of MasterCard’s Priceless Cities program, MasterCard will give privileged access to the best of Paris during the French Open, and will introduce a collection of exclusive offers and experiences created especially for Parisians and visitors in partnership with the capital’s leading theaters, museums, restaurants and department stores, such as prestigious places in Paris: the Garnier Opera, the Grand Palais, the Châtelet theater and Disneyland Paris.
Citi Brazil announced that it has reached a definitive agreement with Banco Itaú Unibanco to sell Credicard, its non-banking credit card and consumer finance business, subject to approval by Brazilian regulatory authorities. The transaction, once approved by Brazilian regulators, is expected to generate a gain on the sale of approximately US$300 million after-tax ($0.10 cents per share) at closing. The business activities will be reflected in discontinued operations beginning in the second quarter of 2013. The transaction includes 96 Credicard stores and approximately US$3.260 billion in consumer loan balances as of December 31, 2012.
Elan Financial Services certified NCR APTRA software on its network for ATM multivendor environments. Elan’s network drives more than 33,000 ATMs for financial institutions across the U.S., many of whom operate mixed-vendor fleets comprised of ATMs from NCR and other manufacturers. Elan certification of APTRA Edge for multivendor environments will help its financial institution clients. Consolidating on a single software application enables financial institutions to project a consistent and rich consumer experience across their self-service networks. In addition, a multivendor environment helps financial institutions streamline their development and support operations by not having to maintain and enhance multiple, separate delivery infrastructures for each new function or service that they offer.
Yapyzal social commerce tool for business design product share through social media sites is officially available. The service, which is initially launching on Facebook and which requires no additional coding or programming by the business, allows customers to complete a social commerce transaction securely and seamlessly with their credit or debit card, while remaining on the business’s Facebook page. Reckert explains that while the launch is on Facebook, the Yapyzal technology is designed to grow into a global brand that can be adapted to any social media application. Facebook was selected as the first social media site for launching the Yapyzal brand because it allows businesses to reach the largest concentration of potential customers on the planet, with more than one billion users. ePaymentAmerica’s one time underwriting process for social commerce activation generally takes 24-48 hours.
Chase Sapphire travel rewards card from Chase, in partnership with Bon Appétit hosted the Chase Sapphire Preferred Grill Challenge. Chefs Akira Back and Todd English partnered with two Las Vegas Le Cordon Bleu Culinary Institute students to reimagine a classic French dish during a live grilling competition. Todd Huelsman was awarded a $20,000 scholarship, presented by Chase Sapphire Preferred, to help fund his culinary education at the Las Vegas Le Cordon Bleu Culinary Institute. An additional $5,000 was presented to runner-up Andrew Merfalen. The two students from the Las Vegas Le Cordon Bleu Culinary Institute were selected to serve as sous chefs for Akira Back, Executive Chef of Yellowtail Japanese Restaurant & Lounge at Bellagio, and Todd English, Chef at Olives at Bellagio, through a Vine video and essay competition presented by Bon Appétit and the Las Vegas Le Cordon Bleu Culinary Institute.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] iPayment posted 1Q/13 results, having processed $5.3 billion of total transaction volume, a 4.7% decrease from $5.5 billion for the first quarter of 2012. Total revenues decreased by 5.6% to $156.0 million for the first quarter of 2013 from $165.1 million for the first quarter of 2012, thanks in great part…
Helen Mason has been appointed head of Commercial Cards, EMEA, in the Global Transaction Services (GTS) business at Bank of America Merrill Lynch. Mason will oversee product management, new business growth and account management for the EMEA commercial cards platform. Mason joined the firm in 2010 and has previously held positions at Citibank, HSBC, RBS and Lloyds during which she managed all aspects of commercial cards, including operations, sales, account management and implementation.
Vasco Data Security software security company announced HSBC Bank Brazil deployed the “Digipass” for Mobile technology for an enhanced group of retail and corporate customers, while expanding the offered online and mobile services. Currently, more than 90,000 account holders use their mobile device to access all self-service channels to execute financial transactions. With this enhancement, HSBC Brazil is the first and only financial institution worldwide to fully integrate access to internet banking, mobile services, contact center, ATMs and e-commerce. By further integrating Digipass for Mobile, HSBC offers its customers a secure and convenient way to secure their online transactions. The customer downloads the Digipass for Mobile app on his mobile device to generate one-time passwords (OTPs). Every time he logs on, a unique dynamic password is created that, as a consequence, can only be used once. The client doesn’t need to remember multiple passwords with different shapes and sizes anymore to confirm and operate the various channels.
Vantiv payment processing services and related technology solutions is bringing the next generation of POS redemption technology to cardholders and merchants with Visa Offers, the first U.S. acquirer to do so. Intended to drive additional value at the POS, Visa Offers offers the Visa card to deliver personalized deals from top brands to an enrolled individual’s mobile phone or email. This platform enables clients to identify and send customized, targeted offers to consumers to leverage their purchase location and interests based on purchase behavior. The redemption platform helps clients manage promotions across all sales locations by using a single, consistent redemption p process and it provides them the ability to track and measure program success with a consolidated reporting tool. The Visa POS Offers Redemption Platform provides real time ticket reduction as part of the offer redemption during the authorization process, delivering an alternative option to the need for statement credits or paper coupons.