UnionPay International (UPI) signed a cooperation agreement in Shanghai with Leumi Card to begin the acceptance of UnionPay cards by merchants and ATMs in Israel. Leumi Card is the first cooperative acquirer of UnionPay International in Israel, providing access to over 40,000 merchants covering nearly all places frequently visited by tourists, and about 360 ATMs across Israel. Bank Leumi has about a 30% market share in Israel.
TSYS announced that Walter Taylor as their chief procurement officer, responsible for procurement, vendor management and supplier management. Prior to joining TSYS, Taylor served as executive vice president, strategy, of Genesis10, where he was responsible for the firm’s overall strategy for information technology staffing and consulting with clients in the financial services industry. He also served as COO of Pariter Solutions, LLC, a Bank of America and Wells Fargo ACH payment processing joint venture, and senior vice president of Bank of America, responsible for technology and operations procurement and supply chain management. He’s a graduate of the University of Georgia and Mercer University and a Desert Storm veteran.
Canadians have used their mobile phone to deposit more than 1,000,000 cheques since the Canadian Payments Association approved the cheque image rule last year to allow for mobile remote deposit capture (RDC), according to data from NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies.
Chase earned the highest score in an evaluation of the five largest retail U.S. banks in Forrester Research’s 2014 report. Chase scored 69 out of 100 and tied with another bank for the top spot overall – earning #1 for the third straight year.
TSYS announced it has extended its exclusive agreement with Canadian Tire Financial Services to provide processing and other payment card program services. The multi-year extension includes Canadian Tire’s MasterCard-branded and private label retail portfolios. TSYS provides Canadian Tire with a number of additional services outside of traditional issuer processing and merchant acquiring, including fraud and risk management, portfolio analysis and a rewards and loyalty program. Canadian Tire has been a TSYS client since 1998.
Bluefin Payment Systems, and Parkmobile have announced a partnership to provide Bluefin’s PayConex point-to-point encryption (P2PE) solution to Parkmobile clients. PayConex™ P2PE is the first P2PE solution in the U.S. to receive Payment Card Industry (PCI) validation, and just one of three solutions in the world to receive this validation. PayConex P2PE encrypts cardholder data within the point of entry, thus preventing clear-text data from reaching the point-of-sale (POS) system, software or networks where it could be exposed in the event of a data breach.
Fidelity National Information Services announced the pricing of its sale of $300 million in aggregate principal amount of 1.450% Senior Notes due 2017 and $700 million in aggregate principal amount of 3.875% Senior Notes due 2024 (together, the “Notes”). The Notes will be guaranteed by certain of FIS’ subsidiaries. FIS intends to use the net proceeds from this offering to repay the entire outstanding principal amount of and accrued interest on its revolving credit facility, to repay up to $550 million of the outstanding principal amount of its Term Loan A-4 and for general corporate purposes. Any remaining proceeds will be used, together with additional borrowings under FIS’ revolving credit facility, to fund the purchase, through a call for redemption intended to be effective on or about July 15, 2014, of the entire $500 million aggregate principal amount of its 7.875% senior notes due 2020.
Allied Wallet online payment processing is now licensed to issue MasterCard and Maestro cards.MasterCard has strict regulations for any financial institution that seeks to issue payment cards. But upon review, Allied Wallet has been deemed a licensed issuer of MasterCard or Maestro cards, servicing various regions of Europe including the United Kingdom, Germany, France, and Spain. This issuing license will allow Allied Wallet to issue payment cards to its eWallet members, giving them the opportunity to spend the money saved in their eWallets at any storefront that accepts MasterCard or Maestro. Allied Wallet already supports over 100 million users. This issuing license is a large step for the company, but the rewards will benefit Allied Wallet users most. All users in supported regions will be eligible for MasterCard or Maestro card issuing.
The four major U.S. payment card networks produced an 8.2% year-on-year (Y/Y) gain in Purchase Dollar Volume (PDV) during the first quarter of 2014 (Q1/14). Visa (VS), MasterCard (MC), American Express (AX) and Discover (DS) produced $993 billion in U.S. PDV, compared to $918 billion in the year ago quarter.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Capitol Visa Infinite Card combines a private banking service with access to exclusive lifestyle benefits, privileges and experiences. Capitol Visa Infinite provides the cardholder with instant access to comprehensive insurance; airport lounges worldwide; exclusive cultural, sporting and fashion events; and the Visa events and experiences programme and Visa Luxury Hotel…
Royal Caribbean Cruises is now enabling travelers to link their China UnionPay credit cards with cruise cards to avoid the hassle of cash aboard. Prior to the new program, UnionPay debit and credit cards have been accepted by all ATMs on Royal Caribbean Cruises for withdrawing US dollars.
INSIDE Secure embedded security solutions for mobile and connected devices, and Selinko, the object identification company, announced the availability of CapSeal, a smart, patent-pending and secure system to fight counterfeiting in the wine and spirits market. By using an NFC smartphone or device to scan the chip embedded in the tag and the Selinko mobile application platform, any industry player or consumer can easily verify the authenticity of the bottle, confirming that it has not been previously opened. The chip confirms that the capsule on the bottle has not been tampered with and the cork has not been removed.INSIDE Secure’s highly secured CapSeal solution is certified against the highest worldwide certification standard (Common Criteria certification, EAL5+ level used for Electronic Passport-certification) and smart packaging solution. Combined with Selinko’s innovative application platform, CapSeal is providing the wine and spirits industry a unique and most secure solution to solve counterfeiting and refilling problems.