BDO Unibank, the largest bank in the Philippines, has begun issuing the J/Speedy JCB card. The first card was launched in the ASEAN region. J/Speedy, JCB’s EMVCo compliant contactless scheme, provides a convenient and easy payment solution to valued customers of BDO. JCB brand cards are currently issued in 23 countries and territories with over…
UnionPay has made new progress in driving the rollout of products and services in overseas markets through exporting technical standards after reaching chip card standard licensing cooperation with Asian Payment Network (APN). UnionPay International has signed a card issuance agreement with the Philippine switch network, BancNet. The two will jointly promote large-scale issuance of UnionPay…
Oberthur Technologies has buddied with AF Payments to provide multi-purpose smart cards in the Philippines to allow end-users to have one single card to commute and pay in Manila. There is a significant number of unbanked consumers in The Philippines. In order to allow them to easily use transportation in Manila and in the same…
CardWeb.com’s CardPixes database of more than 7,000 images today features the BPI Family Credit Card MasterCard.
Global Payments and Bank of the Philippine Islands (BPI) signed agreements to form a joint venture to provide merchant acquiring and payment services Global Payments will contribute its Philippines merchant acquiring assets and cash to the joint venture to secure a majority interest in the partnership. BPI will contribute its existing merchant acquiring business to the joint venture and hold a 49 percent interest. The transaction is expected to close late third quarter or early fourth quarter of fiscal 2015, subject to receipt of regulatory approvals and satisfaction of customary closing conditions.
Bank of the Philippine Islands inked a deal with Global Payments to form a joint venture to provide merchant acquiring and payment services in the Philippines.
MeaWallet launches Mobile Business Components (MBC) that handle the complexity of securing contactless integrated services and APIs. The contactless mobile payment service can be used at NFC-enabled POS-terminals in the stores and at the vending machines that support the existing global payment schemes for contactless payments. MeaWallet already supports other pairing methods like BLE, QR- and barcodes and Wifi. The contactless payment service is based on licenses for existing and emerging cloud based payment schemes. It uses Host Card Emulation (HCE) and tokenization to increase security, deliver flexibility and improve availability on most of the available smartphones. The new set of tools enables services on smartphones using Android 4.4 and newer operating system releases. MeaWallet is planning to support additional mobile platforms next year.
TSYS signed an agreement to license its PRIME payment transaction processing platform to Metrobank Card Corporation (MCC) in the Philippines. MCC is a strategic joint venture between Metrobank and Australia New Zealand Bank and is one of the largest issuers and acquirers in the Philippines’ market. MCC will license PRIME 4, the latest version of the payment processing platform, to manage its multi-payment card issuing and merchant acquiring together with online authorization and switching on a single platform. Value-added services for installments, credit, loyalty, collections, dispute and chargeback management and acquirer fraud monitoring will also be offered as part of PRIME 4’s integrated payment solution.
WorldRemit online money transfer service now offers instant bank deposits to BDO (Banco de Oro) and Metrobank accounts. The new service means that funds sent via WorldRemit to customers of either bank will be available immediately. WorldRemit’s business model is focused on offering a more efficient, affordable and transparent alternative to traditional money transfer operators. Several additional receiving options include cash pickup, home delivery, payments to mobile wallets and airtime top-up. An estimated US$25bn was sent to the Philippines in the form of remittances in 2013, according to research by the World Bank. The figure has grown 250% since 2003 when migrants sent around US$10bn to the country.
Globe Telecom recently introduced an innovative solution earmarked to boost retail activity and set new standards of mobile commerce and retail payments among small and medium business (SMB) owners, providing customers operating start-up and small scale-stores, bazaars as well as retail outlets across the Philippines an alternative channel for payment transactions using a smartphone or a tablet. Globe Charge, a flagship product of Globe myBusiness, the business segment of Globe Telecom catering to SMBs and their communication needs, integrates a smartphone and an innovative mobile card reader into a convenient mobile point-of-sale (POS) payment device, eliminating the need for traditional and more expensive card terminals.
Datacard Group continued its commitment to educate and consult financial institutions on EMV migration. The company, along with its partners – Visco (Cambodia) Joint Stock Co., Ltd in Cambodia and Omega Computer Corporation in Philippines – will conduct two half-day EMV seminars. Ideal for financial institutions that want to learn about the differences between magnetic stripe and EMV smart card technologies and best practices for EMV migration, the first seminar will take place on March 11th, 2014 in Phnom Penh, Cambodia and the second seminar will be on March 13th, 2014 in Manila, Philippines. Experts will discuss security concerns such as risk management, verification security, various types of smart cards and personalization options, as well as benefits and considerations during migration planning, implementation and post implementation.
Hybrid PayTech World Inc announced today that Smart eMoney Inc. (SMI) and Hybrid PayTech Asia Inc. (Hybrid) have collaborated for the deployment of a pioneering mobile payment ecosystem platform to enable enterprise and retail businesses in the Philippines. SMI will use the HybridVIRTUO Ecosystem Platform for mobile point-of-sale (mPOS) roll-out which includes a unique host of solutions for easy integration with other existing payment systems. The scalable Hybrid platform will enable SMI to deploy a full suite of compliant mobile payment solutions for businesses and includes Hybrid’s HybridMPOS APPs, a mobile application built on the most popular operating systems for wireless devices such as Android, IOS, BB, and Win6,7,8.