FIS’ Brazil-based subsidiary, Fidelity Processadora e Servicos, has begun processing credit cards issued by Banco Bradesco under the ELO brand and will process the prepaid cards issued by Cia Brasileira de Solucoes e Servicos (CBSS) under the new brand. The ELO-branded cards will be available to all social classes to leverage the use of plastic as an instrument to enhance access for about 40 million Brazilian citizens. The cards will become an important ally in the process that will eventually replace checks and cash in commercial transactions and will provide the convenience and security of using credit, debit and prepaid cards as alternative means of payment.
ScanSource through its wholly-owned subsidiary, ScanSource do Brasil Participações LTDA, has entered into a definitive purchase agreement with CDC Brasil AIDC and POS solutions distributor. Offering many of the same products as ScanSource, the CDC Brasil management team of CDC Brasil will remain in place, bringing with it more than 55 years’ combined industry experience while the current CDC Brasil president, Alexandre Conde, will be named president of ScanSource Brasil and will report to Elias Botbol, president of ScanSource Latin America. CDC Brasil has grown revenue to approximately R$246,186,000 (approx. $140,400,000). CDC Brasil has more than 30 vendor partners, including Bematech, Honeywell, HP, Motorola and Zebra. The company employs approximately 200 people. Like ScanSource, CDC Brasil is committed to providing value-added services to its reseller partners, including technical support, financing, training and sales support.
The MMT Americas Conference & Expo will be held March 21st-24th, hosting stakeholders in the mobile money transfer and offering up the knowledge of 40 industry experts through case studies, panel discussions, workshops, and Q&A sessions. For this event, YellowPepper mobile financial services has signed onboard as the Conference’s Platinum Sponsor and will share experiences and challenges in launching its mobile banking capabilities in Colombia and Peru and being the first provider of mobile money services in Haiti.
Website JustAskGemalto.com launched a new version for Brazilian consumers, JustAskGemalto.com.br, giving people expert advice as they buy, surf, communicate and travel. It offers educational information on how to better enjoy the conveniences of the digital world and take actions to safeguard their identity and personal and financial information. The website’s Q&A formatted content is organized along six themes: Buying, Surfing, Traveling, Communicating, Working and Personal Data. Written in a plain manner that’s easy to understand, it introduces terms people need to know, explains the benefits as well as risks and offers advice on how to protect oneself. JustAskGemalto.com.br also introduced a Facebook fan page (JustAskGemalto Brasil) and a Twitter page (@JAG_Brasil), to stay further connected with Brazilian consumers as they embrace digital and social media more than ever before.
Ukash prepaid vouchers, supporting online shopping, is expanding to Argentina and Brazi. This will allow consumers in these respective countries to purchase vouchers from shops listed on Ukash’s website in increments of $20, $50 and $100. Valid for 12 months, the Ukash vouchers have unique 19-digit codes consumers- whom choose not to or can’t access…
Oberthur Technologies smart card technologies has opened its 75,000 square foot manufacturing facility and service center in Cotia, Brazil. Currently fully operational, the new facility provides a single source vendor solution for design, manufacturing, personalization and fulfillment of mobile SIM cards, payment cards (including EMV) and identification credentials to customers in Brazil and throughout Latin America.
Existing manufacturing and personalization activities already based in Cotia have been regrouped into this new facility. With this, Oberthur can produce an additional 100 million cards annually.
Visa has sold its 10% stake in a Brazil-based card issuer to Banco do Brasil and Bradesco to generate proceeds of $100 million, based on current exchange rates. Visa’s wholly-owned subsidiary Visa International will continue working with CBSS to offer prepaid cards and cards used to deliver government benefits in Brazil, one of Visa’s fastest-growing…
SafetyPay secure payment
facilitator and clearinghouse for online shoppers, online
merchants and banks worldwide has partnered with
Brazil-based Banrisul to provide the bank’s three million
customers the ability to pay
with their own currency worldwide online. Banrisul’s partnership with SafetyPay supports its ability to provide customers the
safest way to shop online.
To date, SafetyPay has partnered and integrated with 23 financial
institutions worldwide (with a combined customer base of 90 million).
Credicard of Citigroup and Elavon Global Payments of U.S. Bancorp have signed a binding agreement to establish a JV creating a merchant services company that will offer a full suite of payment solutions. The new company will compete in a growing market that demands scale, experience, service quality and innovation. Combined with Credicard’s market expertise and brand recognition, Elavon will deliver a robust processing platform, financial efficiency, innovative payment solutions and secure point-of-sale devices for mobile acceptance environments. The new company will be branded as “Elavon” and will be supported with the launch of a sales force with national coverage, as well as in-market operations, technology and product resources.
FIS banking and payments technology has signed a 10-year agreement with Banco Bradesco through its card processing joint venture, Fidelity Processadora e Servicos S.A. (FPS), further strengthening its Brazil operations. With this, FIS FPS will process and support Banco Bradesco’s private label Visa and MasterCard portfolios through 2020. Brazil currently has an average annual estimated gross domestic product (GDP) growth of 5% over the next five years, which FPS is well-positioned to serve having grown the number of cards on file by 37% per year over the past five years. During this same time period, credit card outstandings in Brazil more than doubled and analysts predict this growth trend to continue as credit and debit card usage as a means of payment has steadily increased among members of the country’s less affluent consumers.
Gemalto digital security has received the 2010 Latin America Competitive Strategy Leadership Award from Frost & Sullivan, recognizing Gemalto’s accomplishments and superior command of growth, innovation and leadership. For the Competitive Strategy Leadership Award, Frost & Sullivan used several criteria to benchmark Gemalto’s performance against key competitors: Leverage of Competitive Intelligence: Research found Gemalto to be strongly engaged in understanding each market’s dynamics regarding geography and vertical technology.
Execution of Competitive Strategy: Frost & Sullivan said that Gemalto investments in R&D reinforce the company’s commitment to delivering high quality solutions and cutting edge technology. Impact on Market Share: Research found Gemalto to be the leader in its core markets. Competitive Brand Positioning: Frost & Sullivan determined that Gemalto is delivering consistent and effective brand positioning across product lines and differentiating itself through localized marketing strategy. Impact on Customer Satisfaction/Value: According to Frost & Sullivan, “Gemalto has taken measures to develop a deeper relation with its customers.”
A major Brazilian merchant acquirers in the payment card market selected and is deploying more than 22,000 Hypercom “Optimum T4205” countertop terminals to merchants nationwide. Hypercom said this strengthens their ability to quickly put high security products into the hands of more customers and reflects the growing demand for complete and highly functional digital and electronic transaction systems. Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products, software solutions and services. The Company’s solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, self-service and many other markets.