Extending advanced, nontraditional self-service options to Al Rajhi Bank’s customers, Diebold, Incorporated (DBD) is deploying multi-purpose kiosks across the Saudi Arabian bank’s network through its business partner in the Kingdom, Alhamrani Universal Company (AU). The customized kiosks offer unique transaction options such as issuing checkbooks and debit cards, as well as enabling online banking, statement printing and opening of new accounts. Diebold is also adding 560 Opteva® automated teller machines (ATMs) to the bank’s fleet, including 160 Opteva Flex Performance SeriesSM terminals that will enable the latest technology in cash deposits. The ATMs validate deposited notes, detect counterfeits, check note fitness and sort cash.
IMM announced that Colorado-based Premier Members Federal Credit Union has implemented its Document Exchange cloud-based eSignature solution. The credit union went live in June, and anticipates Document Exchange will provide convenience to its members and loan officers, saving thousands of hours each year through an electronically streamlined process. Desiring to further expand its reach and markets, the more than $445 million credit union needed to extend its presence beyond the physical branch network. Premier Members selected MeridianLink’s LoansPQ™ Web-based consumer loan management solution, which seamlessly integrates with IMM, to provide membership an end-to-end solution.
Clearstream Services IT, the leading provider for IT Managed Services and on-demand financial solutions, joins forces with EastNets, the leading global provider of compliance and payment solutions for the financial industry, to offer a SEPA solution in SaaS mode. Recent reports from the European Payment Council and the European Central Bank indicate readiness gaps in many countries and particularly for corporate and medium/small size financial institutions. This is despite the steadily progressing migration across Europe of payment market infrastructures to the SEPA framework and standards. For many financial institutions and corporates, the migration to SEPA is still a stretch in terms of resources, cost and time and the challenge to meet the February 2014 deadline for SEPA compliance is growing every day.
PayPal announces PayPal Beacon, allowing merchants to accept payment at many of their favorite stores completely hands-free. The PayPal “Beacon” will make the payment experience get out of the way. It will leverage Bluetooth Low Energy; a breakthrough technology that enables connected devices to communicate with each other seamlessly, while keeping the energy consumption at a very low level. By using BLE, transactions can take place without having to open up an app, without GPS being turned on, and even without a phone signal. Consumers will have full control of stores they will want to check in to, those they will want to get prompted to confirm payment for, and stores they will want to enable a complete hands-free experience for. We will be opening up our mobile in-store API soon for 100 developers to imagine ways to make the shopping experience better, from being able to self-checkout on your mobile phone to automatically placing a customer’s usual order as soon as they walk through the door.
Ingenico mobile money software vendor will now deliver mobile money solutions in Africa to address the specific mobile money demands of the continent with the objective to establish secured electronic transaction infrastructure which will drive financial inclusion in Africa. Tagattitude’s mobile money platform, TagPay, supports a full range of financial services such as account management, money transfer, retail transactions, airtime, payroll services, e-commerce, bill payments, and gift vouchers. Combining Ingenico’s leading experience in the payment industry with Tagattitude’s complete and adaptable mobile money platform, it is now possible for banks, telcos, Payment Service Providers, or other financial institutions to transform any customer’s phone into a secure transaction tool.
Sequent Software and Trüb AG announced to have entered a technology partnership in which Trüb will use Sequent’s mobile payments platform to provide over-the-air provisioning and lifecycle-management services for EMV-compliant bank cards, customer loyalty cards, access cards and transit cards on secure elements used in NFC mobile devices. For example, using the Trüb SP-TSM service, bank card issuers and other service providers can instantly provision their cards into customers’ NFC mobile devices like Samsung Galaxy S4 operating on the Swisscom network. Using Sequent’s platform, the Trüb SP-TSM service offers a secure, over-the-air (OTA) channel for a broad set of card issuers to provision and manage the lifecycle of credit, prepaid, loyalty, reward, access, transit and other cards on the secure elements of mobile devices.
JCB International and Caixa Economica Federal (“CAIXA”) signed an agreement for the issuing of JCB cards in Brazil. Starting with credit cards for a total of 5 million accounts in the next 3 years, CAIXA plans to add debit and prepaid JCB brand cards in the near future. JCB is a global payment brand with over 24 million merchants and 80 million cardmembers around the world. In Brazil, with a partnership with Cielo, Brazil’s largest credit card acquirer, JCB card is now accepted at all of the more than 1.2 million Cielo merchants, representing almost every credit card accepting merchant in Brazil.
SWIFT published a white paper, “Africa Payments: Insights into African transaction flows. Based on analysis of SWIFT traffic, it offers unique insights into transaction flows between African countries, and between Africa and other regions. The paper identifies environmental factors that may drive change in cross-border transaction flows, which could reshape pan-African banking, lead to shifts in currency usage and create opportunities for multi-currency clearing in Africa. SWIFT data highlights that ‘financial’ flows do not reflect ‘commercial’ flows, demonstrating a disconnect between payment routes and the movement of goods and services, particularly between Africa and Asia. This means that, while Asia Pacific countries are the fastest growing trading partners for most African countries, representing 22% of all commercial flows from Africa, only 5% of financial flows are sent directly to banks in the Asia Pacific region.
Digicash m-payment App that enables clients of affiliated banks to use their smartphones to pay directly from their bank accounts. With P&T Luxembourg (www.pt.lu) as the second bank to offer Digicash as of July 2013, this mobile payment product is now available to more than 60% of Luxembourg’s consumers. Digicash was first launched with Luxembourg’s largest retail bank BCEE in November 2012. On the payer’s side, the product is available as an App for iOS and Android smartphones through participating banks. Payments are made via SEPA Credit Transfers from the payers’ bank accounts using existing interbank channels (STEP2). Digicash is not only suited for payments of small amounts: the default spending limit is set at 2,500 € per transaction and per week. Digicash offers a multi-bank mobile payment solutions in Europe to be fully operational. It relies on the strong, trusting relationship between consumers and their retail banks regarding everyday payment services and tools. The direct link to customers’ current accounts and the easy-to-use sign-up process ensure maximum convenience.
DataCash is partnering with one of the leading Smart TV app development consultancies, TV App Agency, to deliver Smart TV payment solutions. The partnership will see DataCash integrate its payment gateway into TV App Agency’s ‘TV App Engine’, offering a new way for brands and app developers to accept payments through their applications. Currently developers creating apps for Smart TVs often require a significant amount of investment as there are different types of code and standards for each brand of Smart TV. The ‘TV App Engine’ however provides brands and app developers with a single platform that allows the development of one app that can be generated to work across many different Smart TV brands including Samsung, LG, Phillips, Sony, Panasonic and OperaTV as well as Sony PlayStation 4 and Xbox. Through the integration between DataCash’s secure and robust payment gateway with the TV App Engine, brands and developers can increase their return-on-investment as well as create potential new business models.
ROAM of Ingenico partnered Merchant Warehouse to expand the company’s mobile payment acceptance solutions. Merchant Warehouse will leverage ROAM’s secure mobile card readers, associated software and services to provide its merchants and partners with new mpayment solutions. ROAM enables ISOs, acquirers and other resellers to quickly get to market with their own mobile solution without the expense of building one from the ground up. Resellers are able to leverage ROAM’s field-tested design, built-in security features, and cross-device support, while customizing the solution to meet their unique business needs.
Vodafone, Visa and BNZ make buying stuff with your phone a reality with the preview of Vodafone SmartPass, a new mobile payments application that will shrink the contents of Kiwi pockets and handbags. Vodafone SmartPass takes the stress out of shopping, and lets customers make convenient, every day purchases with a simple wave of a smartphone. Using contactless Near Field Communication (NFC) and Visa payWave technology, the app functions as a digital wallet. Once activated, customers can load funds from any bank to the SmartPass account, which can then be used to pay for items at any location with a Visa payWave contactless terminal.