MasterCard announced the appointment of Gilberto Caldart as president of its Latin America and Caribbean (LAC) business, effective August 1. Currently the head of MasterCard’s GeoSouth Division (Argentina, Bolivia, Brazil, Chile, Paraguay, Peru and Uruguay) for MasterCard LAC, Caldart succeeds Richard Hartzell, who will take on a new role as head of MasterCard’s business with merchants and acquirers across its international markets. He joined MasterCard in 2008 from Citi Brazil where he was Country Business Manager, overseeing Retail Bank, Consumer Finance and the Cards business. He holds a Bachelor’s degree in Business Administration and Accounting and an MBA from Duke University.
SETIS, a Sao Paulo Brazil based developer and integrator of software solutions for EMV payment systems, has joined the MULTOS Consortium, a group of international blue chip organisations responsible for the promotion and development of the MULTOS specifications. In joining the Consortium, SETIS will be able to play an active role in the development and expansion of MULTOS, and benefit from the Consortium’s global marketing and networking resources with Members that span the entire secure smart device business.
Panini global payments technology provider will showcase its comprehensive portfolio of distributed capture solutions for financial institutions, businesses, and merchants at the CIAB Febraban Annual Congress in São Paulo, Brazil. In addition to demonstrating solutions for branch capture, remote deposit capture, point-of-sale capture, and device management, Panini will showcase the two newest capture solutions from its continuous innovation portfolio, Panini Vision neXt™ and Panini mI:Deal™. The Vision neXt is Panini’s new batch capture solution platform, setting new performance standards while delivering robust quality and breakthrough innovations such as an integrated document alignment system. The Panini mI:Deal combines innovation and ease-of-use with “plug & play” connectivity to existing POS systems for maximum functionality and ROI.
mPayments provider Fortumo has signed Global Framework Agreements with leading operator groups Telefónica and Telenor to bring direct carrier billing services to 460 million additional subscribers worldwide. Using the BlueVia Payments API to charge purchases to their mobile operator bill, users in more than 30 countries will now be able to purchase digital goods over the web and on Android, Windows 8 and Windows Phone devices. Fortumo’s in-app purchasing SDK has become developers’ preferred choice for mobile operator billing and in-app purchasing on Android, Windows Phone and online. It is already used by a lot of top developers such as Rovio, Popcap, Gameloft, Digital Chocolate, Vostu, Game Insight, Alawar and many others. Fortumo’s mobile payments platform, including direct billing connectivity to Telefonica and Telenor is available to all developers looking to accept global mobile payments.
Telefónica and MasterCardMFS (Mobile Financial Service), a joint venture between Telefónica and MasterCard Worldwide, is launching Zuum mobile payment service. Allowing customers access to a pre-paid account on their phone that will allow them to transfer money, buy credits for pre-paid mobile phones, and pay bills, customers can also choose to receive a pre-paid card from MasterCard which is connected to the same pre-paid account. Customers can use the card to make purchases in more than 1.8 million affiliated establishments and withdraw money in Cirrus ATMs. Zuum uses USSD (Unstructured Supplementary Service Data) technology to enable users to access their accounts from their Vivo mobile phone, using any device. It’s as simple as sending a text message, but without the cost. There’s no maintenance fee for the account or the card.
Citi Brazil announced that it has reached a definitive agreement with Banco Itaú Unibanco to sell Credicard, its non-banking credit card and consumer finance business, subject to approval by Brazilian regulatory authorities. The transaction, once approved by Brazilian regulators, is expected to generate a gain on the sale of approximately US$300 million after-tax ($0.10 cents per share) at closing. The business activities will be reflected in discontinued operations beginning in the second quarter of 2013. The transaction includes 96 Credicard stores and approximately US$3.260 billion in consumer loan balances as of December 31, 2012.
Oki Electric telecommunication manufacturer headquartered and Itautec Brazilian companies of banking and retail automation, personal and corporate computers and technological services announced a strategic partnership to jointly operate an automation and services company in Brazil. The partnership is intended to drive growth to aim for the leading share in the Brazilian ATM and IT markets by capitalizing on OKI’s world top-class cash-recycling ATM technologies as well as Itautec’s extensive customer base and services network for the maintenance of computers, ATMs and other IT devices, which is the largest such network in Brazil and reaches more than 3,700 cities. OKI has achieved strong track records in Japan and China, where it holds the leading market share, as well as in Russia and Indonesia. Capitalizing on these achievements, OKI is focused on expanding sales in emerging countries, such as those located in Central and South America, where rapid economic growth is expected.
Vasco Data Security software security company announced HSBC Bank Brazil deployed the “Digipass” for Mobile technology for an enhanced group of retail and corporate customers, while expanding the offered online and mobile services. Currently, more than 90,000 account holders use their mobile device to access all self-service channels to execute financial transactions. With this enhancement, HSBC Brazil is the first and only financial institution worldwide to fully integrate access to internet banking, mobile services, contact center, ATMs and e-commerce. By further integrating Digipass for Mobile, HSBC offers its customers a secure and convenient way to secure their online transactions. The customer downloads the Digipass for Mobile app on his mobile device to generate one-time passwords (OTPs). Every time he logs on, a unique dynamic password is created that, as a consequence, can only be used once. The client doesn’t need to remember multiple passwords with different shapes and sizes anymore to confirm and operate the various channels.
Earthport cross-border payments partnered Viamericas remittance payments to support its strategic growth outside the Americas, by which Viamericas will leverage Earthport’s global cross-border payment capabilities. Now Viamericas to expand its customer base internationally and provide more efficient, predictable and cost-effective direct-to-bank remittance transfers. As a company with an established service for the Latin American market, Viamericas was ranked by the Inter-American Dialogue as the first place remittance provider for the region in their 2012 Remittance Scorecard report. With remittance flows to the developing world expected to grow by 7.9% this year and reach a 10.7% increase by 2015, Viamericas needed a partner that could enable it to capture a bigger share of this growing market.
Trak won the top award of $10,000 at Electronic Transaction Association (ETA) Conference 2013 annual meeting and expo that took place in New Orleans on April 30 to May 2, 2013. The ETA, which is the trade association of the global electronics payments industry, oversaw the E-Pay Innovation Award funded by the Bill and Melinda Gates Foundation. Boleto is a unique barcode payment ticket that contains the customer’s unique purchase data and Trak’s bank information. Boleto is emailed to the buyer’s smartphone instantly, after checkout. Consumers can go with the printed Boleto ticket or equivalent proof of the email to any Brazilian bank, selected post offices, lottery agents, as well as some supermarkets for cash payments. Electronic verification is sent to Trak by the payment provider and the customer’s order is released by the retail store for pick-up or delivery.
Giesecke & Devrient (G&D) is to provide PayPal and Vivo mobile payments, allowing their customers with prepaid accounts to top up their credit directly on their cellphone using PayPal.G&D will also deliver the necessary payment solution, the SmartTrust Mobile Transaction Gateway, to ensure that the transactions are executed securely. This gives customers direct access to phone credit, without having to buy a recharge card from a point of sale during normal opening hours. Based on USSD technology and compatible with all types of cellphone, the solution does not require users to download any other applications. Users can set up a PayPal account for the services directly on their mobile phone, and modify the account details to add or remove linked credit-card information whenever necessary.
MasterCard launched NFC payment services in Brazil on its Mobile PayPass technology platform, in partnership with Itaú, TIM, Redecard, and Gemalto. Giving consumers greater convenience and speed when shopping, through a more secure payment option, “Mobile PayPass” utilizes tap-payment charged to a virtual account stored in the account holder’s smart phone. As part of efforts to prepare the environment for the future of electronic payments, MasterCard is building the ability to connect MasterPass, its recently announced digital service, to a Mobile PayPass-enabled handset that has been provisioned for NFC payments at the cash register.