For the first time in Latin America, MasterCard rolled out in Chile a digital payment and shopping technology present in world-class stadiums. Called Qkr!, the app is available for Android and iOS devices and was developed by the company internationally under the “quicker” concept to make online shopping faster. This technology provides customers with faster, more convenient and secure transactions at places such as sports stadiums so customers can skip lines altogether.
hyperWALLET global payment solutions, announced the availability of new low-cost direct-to-bank payment services in Malaysia and Chile. Many global corporations are active in these rapidly growing economies and need to pay people locally in a cost-effective and timely manner. hyperWALLET has addressed this problem by enabling fully-compliant direct-to-bank transfers in both countries in local currency, within 2-3 business days. Powered by hyperWALLET’s global payment platform and extensive financial networks, corporations can easily make mass payouts while providing payees with flexible in-country payment options. hyperWALLET also enables payees to receive payments on brandable prepaid debit cards, or as cash at any Western Union agent location across both Malaysia and Chile.
Clear2Pay is implementing a payment hub at Banco de Chile, aimed at unifying the bank’s domestic, high value and international payments through one single payment engine. Implementing a payment hub with the ability to handle transactional volume peaks, prioritize payments, handle exceptions with lowest possible level of manual intervention, the generation of information for the operational and product development teams, as well as for customers. This way the bank can reduce costs in the back office through a unifications and rationalization exercise at the processing level by out phasing the various payment silos.
To help the victims of Chile’s devastating earthquake, The Western Union Company announced a “No Transfer Fee” money-transfer program, starting Saturday, March 6, 2010, and concluding Friday, March 19, 2010, for money transfers sent to Chile from participating Agent locations in the U.S. The Western Union Foundation, as part of The Western Union Company’s corporate signature program, /Our World, Our Family//,/ announced a $50,000 donation to World Vision towards earthquake relief efforts and has also has activated its Agent Gift Matching Program in support of Chile, matching one-for-one Agent donations from around the world made to the Western Union Foundation, up to a combined match of $100,000. Western Union is encouraging employee donations to be made directly to the Western Union Foundation in support of Chile relief efforts. All employee donations will be matched two-to-one in the U.S. and three-to-one outside the U.S. Additionally, The Western Union Company has set up a special account in the U.S. benefiting World Vision in support of disaster relief efforts in Chile. Consumers in the U.S. can donate to World Vision by sending a no-fee transaction using the Western Union Quick Collect service directed to the World Vision account – CHILERELIEF, CA – for up to $5,000 until April 2, 2010, by visiting a participating Western Union^(R) Agent location or online at www.westernunion.com
World Monuments Fund (WMF) and American Express have teamed up with the
National Forestry Corporation of Chile (CONAF) to develop a sustainable
visitor reception center on Easter Island in Chile as part of the
Sustainable Tourism Initiative. With construction scheduled to begin
early in 2010, the Centro de RecepciÃÂ³n de Visitantes de la Aldea
Ceremonial de Orongo will be funded with the US$200,000 grant from AmEx
& WMF. Severely impacted by increasing numbers of tourists each year,
Orongo has been the focus of an intensive conservation and interpretive
program supported by WMF and American Express since 2001. The visitor
reception center at Orongo integrates the existing facilities: the core
of the new building is the old warden station, and much of the original
structure will be retained, with construction materials to be recycled
and incorporated into the new building, which will be powered by solar
and wind energy.
MagTek secure electronic payment technology has deployed its
“MagnePrint” card authentication technology through 552 of the 996 Banco
Credito Inversiones (BCI) ATMs. Able to transforms the typical magnetic
stripe card into a dynamic token allowing the issuing bank to assess and
validate authenticity, “MagnePrint” allows the issuing bank to identify
a card as authentic or not. Using the magnetic stripe 54 byte dynamic
value-which changes with every swipe-the card is either authenticated or
declined by the “MagnePrint” enabled ATM. Subsequently, BCI has reported
4.4 million transactions on the upgraded ATMs, non of which were
detected as fraudulent. CA-based MagTek electronic devices and systems
offers banks reliable issuance, reading, transmission and security of
cards, checks, PINs and other identification documents in over 40
Payment network provider Bling Nation has received a $500,000 grant from
CORFO, the Chilean economic development agency. The
grant will subsidize Bling Nation’s partnership with Micrologica, an
engineering company specializing in the
design and development of electronic products for applications in
telecommunications, financial services, transportation and related
industries. Bling Nation’s core technology is an integrated issuing and
processing platform designed specifically for local and regional banks.
Through its Community Payment Network, Bling Nation enables financial
institutions to more profitably support payments between their local
demand deposit account (DDA) customers and their merchant customers by
bypassing the current global debit payment model with an efficient,
cost-effective and local payment network. The CORFO grant
will finance a portion of the salaries of the specialized team employed
by Micrologica Innovation, overhead costs, training and travel expenses.
Micrologica Innovation, the consortium formed by Bling Nation and
Micrologica, is investing $2 million in the development of the hardware
and software tools that make up Bling Nation’s service offerings.
Product initiatives include mobile payment devices, software
applications to support mobile payments in smartphones, wireless
point-of-sale machines and contactless payment tags.
Online security provider Trustwave has appointed
Hermes Romero to manager of business development for Trustwave Latin
America. Romero has more than 13 years of experience in the information
security and networking industry, specifically in South America. He will
be responsible for the firm’s business development
activity throughout Spanish-speaking South America, including new
business opportunities and channel and alliance partnerships. The
appointment of Romero also expands Trustwave’s
local presence to include Chile, in addition to its South American
headquarters in Brazil. Romero spent three
years at IBM ISS, most recently as business development manager for
Chile, Peru and Bolivia. Previously,he worked at Unisys Corporation
serving in multiple roles ranging
from engineering to regional sales manager for Chile and Colombia.
VASCO Data Security International has awarded Banco de Chile the Market Vision Award 2008. Banco de Chile is the second biggest banking group of Chile offering a
complete product range and financial services to over half a million
users including large corporations, small and medium-sized enterprises
and private customers. The bank implemented VASCO’s core authentication
platform VACMAN Controller together with DIGIPASS Go 3 and Go 6 to
secure its online banking platform. Banco de Chile was the first bank in
Spanish speaking Latin America to make strong two-factor authentication
available to its retail customers. Banco de Chile offers
credit and non-credit products and services to all segments of the
Chilean financial market.
Western Union has signed agreements with EGT Holdings of Chile
to offer intra-country remittance services at nearly 500 locations.
The most significant EGT transportation provider is Tur-Bus, which
provides both interurban and tourism services in Argentina and Chile.
Western Union provides money orders through a network of more
than 312,000 Agent locations from over 200 countries and territories
around the world.
Banco Santander Santiago has signed agreements to implement Wincor
Nixdorf software for 320 ATMs. This brings the total number of Banco
Santander Santiago ATMs using Wincor Nixdorf software to 1100,
expands their software presence in Latin America, and will be complete by
December, 2007. This development is also consistent with the bank’s
goal of reducing teller-window traffic by allowing customers to do more
self-service banking with the machines, which will use contactless card
readers. Also, for public transportation fares, customers can reload their
fare cards for use on local trains, subways and buses. With 350 branches
and 8000 employees, Banco Santander Santiago has an installed base of
1700 ATMs in Chile.
The Banco del Estado de Chile has ordered 186 “ProCash 2100” and “ProCash” 1500 ATMs from Wincor Nixdorf’s partner IBM. The bank will see an increase in its installed base to 665 units after the installation of the new equipment. Including the latest installation at the Banco del Estado de Chile, a country-wide installed base of almost 1300 Wincor Nixdorf systems has been achieved. About 60% of all ATMs
installed at the bank are Wincor Nixdorf systems.