Romanian National Police Nab ATM Malware Hackers

Romanian National Police Nab ATM Malware Hackers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Romanian National Police along with Europol and Eurojust nailed an international criminal group responsible for ATM malware attacks. The criminals used Tyupkin ATM malware which allowed the attackers to manipulate ATMs across Europe and illegally empty ATM cash cassettes. This operation, one of the first in Europe against this kind…

SEQR Partners GarantiBank on mPayment App

SEQR is making its first international market entry with its mobile payment application. In conjunction with GarantiBank the app is made available to its customers, who now have access to the most complete mobile payment solution available on the market. More than 200 stores are already signed and Subway Upground, the Bata and For Family networks, Bierhaus 67 and AVE Hotels in Bucharest are among the merchants that are live at the launch. SEQR will also be implemented nationwide in the Nike, Collective, Folli Follie, Converse, KIX, Calvin Klein Jeans, Star Place and Arsis networks, as well as Tabiet teahouse and Antipa coffee shop. Downloaded from iOS AppStore or Google Play, the application connects the user’s current GarantiBank account to the retailers’ cash register or online system via a QR code. GarantiBank is the first financial institution to make SEQR available in Romania.

MoneyGram Signs New Agent Agreement

MoneyGram and Payzone Romania payment services operators signed an agreement to offer money transfer services throughout the country. Payzone Romania offers a wide range of payment services and electronic recharge services, operating the largest electronic payments network with cash from Romania from its more than 11,000 terminals all over the country. The agreement between Payzone Romania and MoneyGram provides a cost efficient solution for consumers who do not have or use a bank account or credit card to transfer funds.

DFC Global Acquires Pawn Store Chain

DFC Global financial services company for the unbanked and under-banked acquired Express Credit pawn loan provider. Express Credit Amanet, founded in 1998, operates a chain of 32 stores predominantly in the city of Iasi, Romania. In concert with DFC Global’s European pawn expansion strategy, the acquired stores primarily offer pawn lending on gold jewelry, small-size high-value electronics and automobiles, in addition to gold buying services. This acquisition also represents the Company’s initial foray into pawn lending on items outside of jewelry and fine watches. The trailing twelve months revenue for the acquired stores was approximately $9.0 million at the closing of the transaction and the acquisition is accretive to earnings.

Fiserv Partners Eutron on Cash and Logistics Solutions

Fiserv partnered Eutron Invest Romania to provide the entire Cash and Logistics solution portfolio from Fiserv to the Romanian market to focus on the “Device Manager” Integrated Currency Manager cash management system and “CorPoint” end-to-end cash management system. Fiserv offers integrated currency and self-service device management solutions that reduce costs and optimize efficiencies. Solution areas include currency forecasting, device management, decision support, enterprise track and trace, automated invoice validation and reconciliation and web base business intelligence reporting.

Garanti Bank Launches mPayments through QR codes

Garanti Bank announced its Romania direct mobile payments through QR codes through its recent partnership. The two companies will jointly introduce the SEQR Mobile Payments in the Romanian market through a pilot project which will dwell through some large retail chains. Garanti Bank is thus the first financial institution to drive the creation of the SEQR Mobile Payment service network in Romania. This aims to increase convenience for customers, whilst at the same time reducing costs for merchants. More precisely, QR codes will be installed in various retail chains for Garanti Bank clients to scan them with the mobile phone and pay directly for their purchases. Consumers scan a QR code into the POS terminal, the web or the bill to approve that payment will be charged to their bank accounts.

Euronet Acquires PayNet Romania

Euronet Worldwide electronic payments provider acquired Smart PayNetwork S.A. (PayNet), which provides integrated ATM outsourcing services, card issuing and acquiring and POS merchant servicing solutions to financial institutions. PayNet operates 720 ATMs and 1,700 POS terminals and manages approximately 540,000 cards with which it processes approximately 15 million card transactions annually and is a certified VISA and MasterCard service provider. The PayNet acquisition will generate revenues of approximately $3 million in the initial year of ownership together with accretive cash earnings per share of approximately one cent per share.

Romanian banks to issue MasterCard OTP Cards

Credit Europe Bank and Carpatica Bank are launching the MasterCard “Display Card.” Offering an interactive card which incorporates a display and one or more touch sensitive buttons, addition to all the traditional payment card features, the “Display Card” allows cardholders to use the buttons to generate information – numbers and/or text – in the visual display which can enhance their payment or banking experiences in a number of ways. MasterCard Display Cards can be used to either authenticate online transactions, by generating One-Time-Passwords, or as an “information card” enabling cardholders to access valuable information such as account balance or transaction history quickly and conveniently.