MasterCard’s (MC) asset base is now growing slightly more than four times faster than Visa (VS). During the first quarter of this year (Q1/14), publicly declared assets among the world’s two top payment card networks rose 11.1% to $52.1 billion, according to CardData. VS Q1/14 assets increased 6.3% to $37.3 billion, compared to $36.2 billion in the prior quarter and $35.1 billion in the year-ago quarter. VS figures do not include Visa Europe.
Delivering greater self-service convenience to consumers, Diebold, Incorporated is adding 700 new Opteva® automated teller machines (ATMs) to Euronet Worldwide’s extensive fleet across Europe. The agreement includes Opteva cash dispensers with full cash recycling capabilities. Diebold will also provide three years of maintenance and deliver ATM channel management services to enhance the security, compliance and uptime of Euronet’s new terminals.
Gaining more traction Seamless’ SEQR this month will begin routing payments exclusively through SEPA. The SEQR implementation at McDonald’s in Belgium this month will be the first market where Seamless will utilize the SEPA (Single Euro Payments Area) payment infrastructure. This will enable consumers to connect SEQR to their bank account for debit payments, regardless of which bank they hold an account.
The Bangladeshi people are getting two new credit cards. Prime Bank and JCB International have partnered to launch the first JCB card in Bangladesh. Prime Bank will now issue the JCB credit and debit card to the Bangladeshi people who can enjoy JCB’s global merchant network with over 26 million acceptance locations.
NCR Corporation today announced that it has signed a software professional service agreement with Hua Xia Bank to transform its banking services with NCR’s latest multi-vendor software application, NCR APTRA Activate. The software will run on the bank’s entire fleet of multi-vendor ATMs, self-service kiosks for card issuance and account enquiry kiosks nationwide. NCR will provide implementation maintenance for the new platform, which is expected to begin this fall.
Higher One announces the addition of the Chinese yuan to its international payments service, which is powered by Higher One’s partnership with Western Union Business Solutions. The yuan follows the recent additions of Korean won, added earlier this year and the Indian rupee, added last year. According to Open Doors® 2013 “Fast Facts,” students using the yuan, the won and the rupee represent more than 50% of international students in the U.S. “a constituency Higher One now serves through its international payments services.
People sending money to friends and family in Tanzania using WorldRemit can now choose to have the funds delivered to a Tigo Pesa mobile wallet. The new payment method is available to WorldRemit customers sending money from 35 countries. It complements existing receive options for Tanzania including bank transfer, cash pickup and mobile airtime top-up.