Brazilian-based digital payments company UOL BoaCompra has inked a deal to support local currencies and payment options available on online game specialist Steam in both Mexico and Turkey.
San Francisco area – based Feedzai has inked a new customer in Brazil. The new customer in Brazil can handle more than 10,000 transactions per second and is licensed by both Visa and MasterCard.
UOL BoaCompra pushes into Mexico with its own currency for the Mexican video game market. The move comes off the heels of the company’s expansion into Colombia and Peru – part of a greater development to provide the first Latin American e-wallet for gamers.
NCR technology enables a Brazilian supermarket to better control store flows with retail-hardened equipment that will stand up to the rigors of the Brazilian climate and help provide a much better experience for shoppers.
Visa cites its Google experience to help Latin American (LAC) companies to rethink their commercial card strategies and bring them up to snuff in 2014 and beyond. The Visa roundtable survey clearly showed that many LAC companies do not have a mandate for their commercial credit card.
Working with Diebold, Saque e Pague,ATMs is delivering a range of financial self-service capabilities never before available to consumers and financial institutions. With deposit automation- and cash recycling-enabled ATMs, the bank is helping Saque e Pague rapidly grow its network, which recently surpassed its millionth transaction, to help reach previously underbanked regions in the country. Deploying cash recycling at the ATM allows Saque e Pague to expand into new markets with limited financial service options. As cash recycling extends ATM uptime, the network provider and its financial institution partners can deploy terminals in remote areas that were previously uneconomical to service, thereby reaching underbanked populations.
First Data has dramatically expanded its presence in Brazil with the launch of Bin acquiring solution. It has already begun its operations with MasterCard for credit, debit and installment payments, anticipation of credit receivables and other services. The Bin launch is the result of the operational agreement announced last January between First Data Brazil and Bancoob, the banking arm of Sicoob, the largest credit union cooperative system in the country. As part of this agreement, Bancoob is the formal acquirer that is responsible for provisioning the card scheme licenses and managing settlement of payments to merchants. Merchants will benefit from information-rich statements, an easy-to-use portal, a simplified financial reconciliation process and robust fraud monitoring. In addition to providing standard POS terminal options for capturing electronic payments, the Bin solution also features transaction capture via EFT, POSEFT and e-commerce.
Digital River, a leading global provider of Commerce-as-a-Service solutions, announced an expansion of its Brazil payments offerings through a partnership with Ebanx cross-border payments processor. The joint Digital River and EBANX offering will provide companies of all sizes a turn-key solution for processing local online payments, including installments. The partnership allows merchants to process payments online through a direct API or a hosted payment page; increase authorization and conversion rates; consult with Digital River’s support staff; and access payments tools for processing and authorization.
Driven by prepaid cards, Visa’s Latin America Caribbean region cash dollar volume jumped 8% in the second quarter to US$165 billion. Visa has an estimated 439 million cards-in-force (CIF) currently in the LAC region, compared to 430 million in Q2/13.
Bradesco (BBDO) will begin piloting new technology from NCR Corporation to give customers immediate account credit for cash deposits made at the ATM. The global leader in consumer transaction technologies, will eliminate the use of envelopes for cash deposits, making Bradesco one of the first financial institutions in Brazil to incorporate intelligent deposit into its ATM channel. Both account holders and non-account holders of the bank will benefit from this new technology. Account holders will have the deposit amount instantly credited into their accounts, even on weekends. Non-account holders no longer need to go to a teller to deposit cash. Bradesco and NCR also are working to extend real-time deposits to checks, as well. This new model will help to reduce the waste of envelopes used in ATM deposits, give customers dramatically improved access to their funds, and decrease costs.
Visa’s (VS) Latin America Caribbean (LAC) region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 14.3% on a local currency basis in the first quarter (Q1/14) to US$95 billion. The average purchase ticket in the VS LAC region declined 9.4% Y/Y. One-year ago it stood at US$44.20, compared to US$43.90 in Q4/13 and US$40.05 in Q1/14, according to CardData. VS has an estimated 440 million cards-in-force (CIF) currently in the LAC region, compared to 431 million in Q1/13.
MasterCard’s (MC) Latin America Caribbean (LAC) region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) 21.7% on a local currency basis in the first quarter (1Q/2014) to US$49 billion. Over the past twelve months MC’s LAC volume has been growing rapidly, rising 18.2% Y/Y in 1Q/2013 to 23.4% in Q4/2013.