SafetyPay partnered HSBC Bank Brazil ($72 billion in assets), extending online payment services to the bank’s 5.5 million account holders and 400,000 small and midsize business clients. The bank serves 564 municipalities in Brazil with 893 branches and more than 24,000 employees. With assets equaling $72 billion, HSBC is the sixth largest bank in Brazil. SafetyPay has partnered with and integrated 23 financial institutions and 2,000 merchants worldwide.
David Duncan has been appointed GM, TSYS Brazil. A 14-year veteran of TSYS, Duncan most recently served a dual role as Group Executive for China and Southeast Asia while also supporting the corporate strategy group in mergers and acquisitions. Duncan has spent the majority of his tenure overseas at TSYS’ global offices. When based in Japan, he was instrumental in the acquisition of GP Net, TSYS’ majority-owned joint venture in Japan, in 2000. Beginning in 2001, Duncan directed the company’s efforts in China, overseeing the development of China UnionPay Data Services, Ltd. (CUP Data), a TSYS joint venture, in 2006.
Cielo S.A. merchant acquirer and payment processor has selected NewNet’s “TraxcomSecure Total Control 1000” (TC1000) Secure Transaction Processing platform for the nationwide rollout of its next generation payments processing network. NewNet Communication Technologies secure transaction processing, mobile multimedia content delivery and wireless network infrastructure introduced its “TC1000” systems for deployment in multiple locations at each POP to meet the high capacity, throughput and performance requirements of Cielo’s network. This high-speed transaction network is designed to handle several billion transactions per year and will enable Cielo to further strengthen its leadership position in merchant acquiring and payment transaction processing.
NCR announced a new strategic alliance with Scopus Tecnologia that will accelerate its growth in Brazil. The agreements will enable NCR to leverage Scopus’ deep technology knowledge and geographical presence, improve manufacturing productivity and deliver innovative products more quickly to financial institutions across Brazil, the world’s fourth largest ATM market. According to Retail Banking Research, the ATM market in Brazil is expected to increase by 27 percent by 2015.1 The agreement from Banco Bradesco will accelerate NCR’s growth in Brazil and enhance the company’s position in the market. Through the preferred ATM provider agreement, Banco Bradesco will benefit from NCR’s innovative ATMs and financial self-service technology, which includes multi-function and cash dispense ATMs.
TechNavio’s analysts forecast the Brazil ATM market to grow at a CAGR of 16 percent over the period of 2010-2014 thanks in great part to rapidly growing spending capacity. The ATM market has also been witnessing an increase in the preference for refurbished ATMs over newer ATMs, a market dominated by Diebold Inc., NCR Corp., Itautec, and Wincor-Nixdorf. The report focuses on the Brazilian market and covers only the market for ATM machines, excluding the market for solutions, services, and support for ATMs in Brazil.
Antonio Castilho is the new president of Elavon in Brazil, the merchant services company created by a joint venture between Credicard, a wholly-owned subsidiary of Citigroup, and Elavon, a wholly-owned subsidiary of U.S. Bancorp and global payments provider. He will position Elavon as a competitive acquirer in Brazil’s fast-growing payments market by 2015. Elavon’s expertise in technology and specialized services for the aviation, tourism, health and large retailers segments and Credicard’s market expertise will be key drivers in the company’s ability to meet this objective. At present, the company is hiring personnel and organizing the structure of the Brazilian head office. It is estimated that Elavon will begin operating in Brazil by the end of the year. Castilho previously occupied senior positions at Visanet (currently Cielo), Banco Votorantim, in addition to Ticket and Vale Refeição.
ActivePath 2Way Email Banking Systems that enable banking customers to securely communicate and conduct alert-driven financial transactions via email announced that one of the world’s top card issuers has implemented an ActivePath solution in Brazil to deliver monthly card statements via email. In the first ten months since deploying the ActivePath solution, the card issuer has realized an immediate return on its investment and reports that more than 20% of its customer base has opted in to paperless delivery of monthly statements and customer communications sent securely via email through ActivePath’s system.
Itautec electronic equipment debuted its 3-D image projecting ATM at CIAB Febraban 2011 in Sao Paulo, Brazil, on which transactions are controlled through contactless cards and gestures. Itautec also created face tracking technology that recognizes if the person at the ATM has changed or left, terminating the session and safeguarding customer information.
Sicoob cooperative bank through BANCOOB’s major check truncation movement in the country, selected Panini’s market-leading “Vision X” check scanner for check image capture. Panini, a global payments processing technology provider, will supply the hardware, service and support necessary to execute the SICOOB/BANCOOB check truncation strategy across a network of more than 1,700 branches. Sicoob installed Panini “Vision X” check scanners at each teller station in their cooperative bank network to capture check and barcode payment images for remote processing. Check truncation legislation established by Febraban (Federação Brasileira de Bancos) recognizes check images as valid replacements for the physical check allowing banks to process the payments electronically.
Digital River global e-commerce solutions announced PayPal is leveraging its “Digital River World Payments” solution to support local online payment processing in Brazil and Mexico. This geographic expansion adds to the companies’ existing relationship, which now includes payment services across multiple continents. In addition to offering relevant payment options in more than 190 countries and over 170 transaction and display currencies, the “Digital River World Payments” solution features a wide range of customizable services for managing the complete payment lifecycle. These services include checkout page optimization, real-time fraud detection, solutions to manage PCI exposure and currency risk, as well as advanced back-office reconciliation services and business intelligence tools.
CIELO S.A. merchant acquirer and payment processor acquired 100% of the quotas representing the capital stock of Braspag – Tecnologia em Pagamento through a subsidiary. Braspag specializes in innovation, the development of online payment solutions and payment processing for e-commerce with a market share of approximately 65% in its segment. Operating as a gateway, Braspag’s platform integrates online stores, financial institution sand acquirers, and is responsible for capturing, routing and managing payment transactions with cards, collection slip sand online debit. Cielo will expand its product portfolio with a more comprehensive offering providing financial reconciliation and anti-fraud intelligence tools, further strengthening the relationship with its clients.
Having deployed its global money-transfer service in conjunction with more than 4,880 Banco Bradesco banking center locations in Brazil, Western Union can now orchestrate money transfers in Brazil from abroad. Bradesco is the first private bank to offer the Western Union money transfer service in Brazil. As Western Union expands its money movement service offerings, and in an effort to strengthen both its relationship and value proposition with consumers, the company looks to tap into cash, account and card-based solutions.