Oberthur Technologies security and identification solutions and services based on smart card technologies and Société Générale announced that they launched the bank’s first NFC Visa payment service through Oberthur Technologies’ Trusted Service Manager (TSM) platform. The NFC ecosystem is progressively maturing in France with several commercial deployments either planned or in progress in large cities. The successful launch of Société Générale’s NFC service with two French mobile operators in Strasbourg means that Oberthur Technologies is the first TSM supplier demonstrating the end-to-end interoperability of its NFC offer with TSM and SIM cards from other suppliers. The bank’s customers will be able to subscribe to this NFC payment service that will enable them to pay with their phone at all the point-of-sales equipped with contactless terminals throughout the country.
Bank CIMB Niaga Tbk, the 5th Largest Bank in Indonesia and PT. JCB International Indonesia, a subsidiary of JCB International Co, Ltd., the international operation subsidiary of JCB Co., Ltd., are pleased to announce the commencement of partnership for credit card issuance and merchant acquiring business. JCB and CIMB Niaga are due to launch the merchant acquiring business in July 2013 and are ready to accept JCB card as means of payment, starting with Jakarta and Bali as the first area to be focused. Having JCB as a new principal for credit card issuing business provides CIMB Niaga with more credit card products to target the affluent segments. With the strong presence of JCB merchants across East Asia, especially Japan, Korea and China, the new CIMB Niaga JCB Credit Card will provide benefits to the cardmembers since many of the cardmembers from this segment are traveling to those countries.
Payment-corporation cashcloud announced that it has secured a second round funding from a private European investment firm. The cashcloud project has been conceptualized by experienced entrepreneurs and investors with a proven track record of success in the area of pre-paid, brand building and marketing especially in the mobile and internet world. It has been awarded with 25 million US$ from a long list of Silicon-Valley-Investors to develop a new mobile payment system that already exists in Europe.
BankDhofar deployed Giesecke & Devrient (G&D) instant issuance solution, which will empower all branches of BankDhofar with its software for personalizing customer and payment cards. Customers can collect their debit cards instantly at the time of account opening itself, and start using them immediately. G&D is also supplying the bank with EMV cards and will offer all-round support for the instant issuance service. G&D’s Convego System Instant Issuance provides BankDhofar with a specially tailored all-in-one instant issuance system for its debit card portfolio. The solution is characterized by outstanding user-friendliness and offers customers the highest level of security thanks to a wide range of encryption methods and online-only personalization.
CashStar digital gifting company added more than a dozen global retailers and restaurants to its B2C and B2B digital gifting platform, and has expanded into new international markets, becoming the largest operator of consumer eGifting programs for retailers outside of North America. Already the largest provider within North America, CashStar is experiencing a record-breaking year across the business. A number of brands are now using the CashStar platform for their plastic gift card programs online. These brands now have a full-service one-stop shop for all their online gift card needs, and benefit from a unified and integrated ordering and delivery experience, as well as the same best-in-class fraud monitoring and risk mitigation. CashStar is the only company in the industry that guarantees zero fraud and maximum revenue from valid orders. CashStar also expanded its international presence with several new client wins in the UK, Australia, New Zealand, Hong Kong, and the entire European Union.
USA Technologies highlighted the launch of a new self-service kiosk for ladies’ flats by its customer, Flat Out of Heels. The customized kiosk was created for Flat Out of Heels owner by ESON Design Partnership and incorporates USAT’s ePort cashless payment technology. USAT provides developers and OEMs of unattended, automated technology with simple and secure integration to USAT’s ePort Connect® suite of cashless payment services. The ePort EDGE® and G-series are available with hardwired payment interfaces such as serial and pulse and include cellular wireless connectivity to USAT’s network. For computer-based applications (Windows or Linux), USAT offers a Web service, QuickConnect™.
Merchant Customer Exchange (MCX) selected FIS to power its new mobile commerce payments network. The relationship with MCX strengthens FIS’ cross-industry leadership position in delivering innovative payments network and mobile-driven financial services solutions to banks and retailers of all sizes. MCX members include leading merchants that account for an estimated $1 trillion in annual sales. FIS will provide MCX with a suite of services that will help bring its mobile commerce solution to the marketplace, including world-class payment processing, payments network infrastructure, routing and settlement, allowing MCX to authorize and execute transactions in real-time. FIS’ premier transaction processing solution is used by all sizes of financial institutions, networks, retailers and third-party processors worldwide.
Global Payments payment processing partnered ShopKeep POS iPad point-of-sale solutions for brick and mortar businesses, to offer an iPad POS solution to Global Payments’ merchants throughout the United States. This agreement combines Global Payments’ services and distribution network with the ShopKeep POS system and award-winning customer care to provide merchants with a complete store management system and business data at their fingertips to help them grow. The easy-to-use and flexible solution offers small and medium-sized merchants a highly-functional, cost-effective cloud-based POS system to facilitate transactions as well as manage sales, inventory, staff and customers, all from an iPad.
Orange is launching a quick and easy international money transfer service at a competitive price called “Orange Money International Transfer”. The offer is available between Mali, Senegal and Cote d’Ivoire. Every year, 200 million euros are moved between those three countries in the form of money transfers. With the new service, Orange meets the needs of the growing number of Orange Money customers. Orange Money International Transfer allows money to be sent and received from one’s mobile phone with complete security. Users no longer need to have cash with them when they travel, and sending cash doesn’t have to be done by a third party. All the sender needs to do is to dial #144# from his or her mobile phone, then enter the Orange telephone number of the recipient and the amount to be sent.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit up a staggering 8.25% in May to an adjusted $857B, it erased all positive momentum seen in 2013, springing to the highest outstanding total of the year. Although quite the change compared to recent monthly figures, May revolving credit outstanding is still not…
Allied Payment Network online bill payment services and Malauzai Software mobile banking SmartApps announced Picture Pay is now available to any financial institution as a stand-alone mobile bill payment solution, even those that use a different mobile banking provider. Picture Pay can now be implemented by any bank or credit union as a separate mobile application. The stand-alone Picture Pay solution is compatible with any core banking system or mobile platform and no technology integrations are required. The app allows users to complete a payment by take a photo of the bill statement, confirm the amount to be paid and submit the payment to the financial institution.
Responding to increasing demand for mobile payments, e-security expert Cryptomathic has upgraded its EMV flagship issuing solution, CardInk, to enable customers to issue payment applications to smartphones and other mobile devices. The upgrade sees CardInk supporting MasterCard Mobile PayPass™ and Visa Mobile requirements. The ability to use a mobile device to make a near-field-communication (NFC) payment at the point-of-sale (POS) or to transfer funds remotely is gaining widespread popularity across the globe. The extended functionality of CardInk, Cryptomathic’s EMV data preparation solution, allows users to generate the personalisation data for mobile wallet credentials and to securely issue NFC payment applications to smartphones, using the same systems as when issuing physical payment cards.