Gemalto digital security announced its UpTeq NFC SIM and AllynisTrusted Services Management (TSM) platform are at the core of Brazil’s first mobile NFC payment program. TIM Brasil, a mobile operator with 70 million subscribers, and Banco Itaú, one of the world’s largest banks, are using Gemalto’s technology to transform smartphones into convenient mobile payment solutions that enable secure, on-the-go transactions by simply waving the handset close to a contactless payment terminal. Gemalto’s TSM platform will enable the secure integration and management of NFC services across the country. Gemalto’s NFC SIM cards and TSM platform greatly simplify and speed up secure mobile transactions, keeping sensitive account data private while providing a value added service that increases customer satisfaction and loyalty for brands and banks.
Oberthur Technologies smart card technology announced Banco Bradesco selected its EMV card personalisation and fulfilment services. Bradesco’s EMV card personalisation and fulfilment will take place at Oberthur Technologies’ São Paulo, Brazil manufacturing facility and service center, using the company’s proprietary Common Personalisation System (CPS), developed over the past ten years and deployed across Oberthur Technologies’ global network of over 35 service centers across the globe.
i2c payment processing and emerging commerce solutions has signed an agreement with Banco do Brasil Americas to provide processing services for reloadable prepaid products. The first collaboration between i2c and Banco do Brasil Americas will be a prepaid card program allowing Brazilian students living in the United States and other countries to receive scholarship benefit disbursements conveniently on a prepaid card. i2c’s global payments platform will enable scholarship providers to load funds to prepaid cards that students can use to make purchases in their local currencies.
Tyfone m-financial and security solutions partnered Protege Sistemas of Brazil to offer mobile banking, mobile wallet and mobile ticketing for mass transit with NFC to Brazil and Latin America. Protege Sistemas has been providing solutions in transport and automation of electronic transactions since 1987, processing millions of transactions every day, which is the market leading issuer of digital cards in the region. Tyfone’s robust, carrier neutral and device independent, mobile financial solutions suite, branded iCashe™, includes: mobile banking; patented smartcard based identity management for mobile security; and mobile payments, with and without NFC. Protege Sistemas and Tyfone will start the Brazilian rollout under the iCashe brand. Tyfone and Protege Sistemas will together add support for additional services including debit, credit and loyalty transactions, secure ID management and contactless payments in-store.
The Telefónica Group and MasterCard International launched its MFS joint venture to develop mobile payment solutions. MFS’ first product will be a pre-paid account accessed via mobile phones alongside a MasterCard card, which will let consumers transfer cash to other people, make in-store purchases, top-up airtime and carry out other financial transactions. It will primarily focus on the payment requirements of Telefónica Vivo customers who do not have bank accounts, offering them financial inclusion. Cash can be transferred onto pre-paid accounts at mobile phone refill stations, supermarkets and newspaper stands.
Earthport is adding a new local payment route to enhance its cross-border payments infrastructure in Latin America. Built on Earthport’s existing payout capabilities, the route will enable the company to enhance its international reach. Earthport’s clients operating in the Latin American market will benefit from the ability to offer more competitive payment services to their customers by enhancing existing payment products or launching payment products into new territories. The payment route will enable Earthport’s clients to start efficiently routing payroll, pension, accounts payable, consumer payments and remittances to Brazil and speed up the time-to-market for launching new services in the LATAM region.
The debit market in Brazil is set to double in size by 2016 and will be worth up to 493 billion BRL, according to the “Debit Card in Brazil” study by MasterCard Advisors. Debit cards have been the fastest-growing payment method over the past five years, rising 25% annually, ahead of private consumption in Brazil, which grew 12% annually during the same period. Cardless transactions, such as payments using cash, checks and bank transfers, have risen 9%. Of the many payment methods available, debit cards are still consumers’ second choice but the gap between debit and cash, which is in the top spot, is shrinking. The survey reveals that between 2005 and 2012, consumer preference has risen from 26% to 34%. The preference for cash fell from 60% to 48% over the same period. The study also reveals that the main debit benefit reported by consumers was security, cited by 67% of users, followed by convenience (37%) and control, attracting 31% of the responses.
Accumulate and YellowPepper have signed a strategic partnership agreement, under which YellowPepper is now the Developing Partner for Accumulate in the Latin American region. YellowPepper’s Smart-Banking 3.0 solutions, based on Accumulates award-winning Mobile Everywhere platform, operates on all major mobile technology platforms such as Android, iPhone, Java, Blackberry and Windows. It includes “Smart-Payment” for POS, Mobile POS, Online, m-Commerce and Vending machine purchases; “Smart-Banking” with widgets such as GPS, camera, augmented reality and video support; and “Smart-Security” for Web login, Digital signature, 3D Secure, PIN and card-less ATM withdrawals.
Diebold is acquiring GAS Tecnologia, an Internet banking, online payment and mobile banking security company for undisclosed terms. GAS specializes in providing security solutions for Internet and mobile banking. These solutions aim to prevent various types of fraud, such as phishing, pharming and key logging. The company also offers its clients a security information database service – a consulting service that allows clients to stay up-to-date and educated on current threats in the industry.
epay prepaid products of Euronet Worldwide announced the retail launch of the “Sonora” and “Sunday TV” gift cards from Terra, the largest online media company in Latin America. The launch at Grupo Pão de Açucar (GPA), Brazil’s largest retailer, marks the first time the Terra gift cards are available in a retail environment. Sonora is the largest streaming music service in Latin America, enabling consumers to download MP3s to any device, and Sunday TV provides premium video on demand (VOD) content. Previously, Terra only sold subscriptions online and at temporary mall kiosks with credit cards as the only accepted payment method. The partnership with epay opens a new sales and distribution channel to Terra that increases the exposure of its brand, reaches new customers, creates loyalty and empowers consumers to have a new shopping experience for fun and online entertainment.
Wright Express Corporation business payment processing and information management solutions has expanded its global presence by acquiring a 51% interest in UNIK S.A., a privately-held provider of payroll cards in Brazil for approximately R$44.7 million (approximately US$21.9 million). The agreement also includes the potential to acquire the remaining shares over a three-year period. The investment is expected to be accretive to adjusted net income starting in the first twelve months. UNIK is a leading provider of payroll cards, private label and processing services in Brazil specializing in the retail, government and transportation sectors.
Citi has launched Renminbi Letters of Credits for Importers and Exporters (RMB LCs) in Latin America, being a leading bank in Latin America to offer a trade services solution suite available in RMB. This new capability will allow clients in Latin America to issue, receive and settle RMB denominated LCs with their Chinese trading partners…