Europe’s Warply, a specialist in mobile loyalty and payments cloud, has extended Warply with mobile coupon checkout and mobile payments service. Warply is launching its m-couponing and mobile payments add-ons, that provide credit transfer (SEPA) and card payments, in an effort to put its marketing and analytics stack within the last mile of the customer…
Alpha Bank has become the first bank to offer MasterPass service to Greek customers, bringing innovation for digital and mobile purchases. Over 5,000 online retailers in Greece have recognized the new business opportunities e-commerce has to offer and have already enrolled for MasterPass, thanks to payments acceptance implementation provided by Alpha Bank, Eurobank and Piraeus Bank, the…
Although Greece is in the debt dumpster and China’s UnionPay (CUP) is afraid of Visa’s and MasterCard’s entry into China next year, CUP has accelerated cooperation with multiple mainstream institutions and acceptance coverage of UnionPay cards reached 60% and 40% for ATMs and merchants respectively, basically encompassing places frequently visited by tourists.
Six members of the European Automated Clearing House Association (EACHA) have joined forces to deliver centralized and optimized processing services for SEPA transactions. For this purpose they have set up a new company called European Clearing Cooperative (ECC).
MasterCard is combining its payment technology with Masabi’s JustRide mobile ticketing platform to streamline mass transit payments. The first city to benefit from this alliance will be Athens.
Aconite EMV transaction processing has interfaced its Smart EMV Manager technolog to the Visa Mobile Gateway to enable remote management of the EMV application at the heart of the Tap n Pay service – the first mobile phone application for contactless payments. Introduced in partnership with Visa Europe and First Data, First Data Hellas selected Aconite’s Smart EMV Manager, which includes an EMV Scripting engine, to enable remote over-the-air management of the settings within the Visa mobile payWave EMV application installed in a custom SIM. The Aconite solution has been deployed alongside the First Data host system and linked into the Visa Mobile Gateway in order to provide this remote management capability.Aconite’s flexible and configurable scripting capability makes it an obvious choice for issuers and processors who need to ensure that their systems are capable of quickly changing to meet new and future scripting requirements.
Alpha Bank and Vodafone, in partnership with Visa Europe and First Data, introduce “Tap n Pay” NFC mphone app for contactless payments. With a Vodafone mobile SIM card, on which the Alpha Bank Enter Visa debit card, is stored. The Tap ‘n Pay application enables contactless transactions in shops where contactless card acceptance terminals are in use, by debiting the bank account that is linked to the debit card. In order to complete the transaction, users must hold their mobile phone within five centimeters of the contactless terminal, and the transaction will be completed securely in a split second, without requiring either a signature on a transaction receipt or the entry of a PIN number.
MoneyGram acquired Advanced ChronoCash Services (“ACCS”) and signed an agreement to acquire MoneyGlobe Payment Institution. MoneyGram acquired super agent ACCS through a share purchase agreement. ACCS has been a MoneyGram agent since 2003, and has now grown to more than 400 locations with a loyal base of retail agents. MoneyGram also signed an agreement to acquire the shares of MoneyGlobe Payment Institution S.A., a provider of cash-to-account money transfers from Greece to Bangladesh. The transaction is subject to closing conditions and regulatory approvals. These latest acquisitions are important to MoneyGram’s offerings to customers in Greece and draw upon the company’s strategy to invest in products and services that enhance operations and provide increased convenience for customers.
Mellon Technologies IT integrator deployed its large-scale contactless EMV project in conjunction with Eurobank. The first contactless credit cards now available to bank customers, the EMV project allows cardholders to pay for goods of up to EUR25 with no need to enter a PIN or sign the payment slip. The biggest advantage of contactless payments is the transaction speed -by simply holding a contactless-enabled card over a reader, without entering a pin or signing a slip. While a typical card payment needs approximately 12 seconds to conclude, the contactless payment takes less than a second. Mellon Technologies cooperated with Gemalto , which Mellon represented for over 15 years.
BPC Banking Technologies Open System e-payment solutions announced Interbanking Systems, Greece has implemented its “SmartSwitch” switching and routing solution within the SmartVista suite. The “SmartSwitch” legacy solution was selected after a competitive bid process including a number of other international software vendors and met DIAS’ demanding expectations for functionality, performance, scalability and low TCO. DIAS provides processing services to the great majority of Greek banks and has 20 clients running 7,400 ATMs throughout Greece, and supports and processes for a network of POS devices located across the 180 Ministry of Finance tax offices in Greece.
Eurobank has deployed Nirvana to process consumer loans and credit card applications.
Nirvana is a single, low-latency product that fulfills an organisation’s
external real-time middleware needs, and which was developed from the
outset to bridge the divide between internal data and external clients.
The solution provides advanced transactional and flow
control semantics between the online application website, the back
office and the Altamira core banking system. Additionally, applications
in need of credit reference checks are transmitted in real time to
Tiresias, the Greek inter-bank credit reference authority and results
are asynchronously added to the back office.
MobiClear has signed licensing agreements with both Lakonian
Bank and Cooperative Bank of Lakonia to provide bank customers
with transaction security. With these developments, the banks will deploy
MobiClear’s “Card Security,” “Internet Banking Security”, “On/Off
Card Security”, and “3G Video Banking” to protect consumer account
information when conducting transactions, including mobile phone
banking. This agreement will be for at least 3 years and is projected to
generate revenue of nearly $1,200,000 for MobiClear, which specializes
in credit/debit card transaction security. MobiClear provides secure
Internet to, subsequently, promote online solutions while Lakonian Trust is
structured to provide Greek consumers with banking solutions in
conjunction with Cooperative Bank of Lakonia & Peloponnisos.