MasterCard and Telefónica have forged a JV to lead the development of mobile financial solutions in 12 countries in Latin America where Telefónica is present under the Movistar brand. The partnership will have a 50/50 ownership participation; will leverage banking relationships through Telefónica’s telecommunications assets and MasterCard’s payments expertise; and will utilize an open model to ensure interoperability among the banked and unbanked segments. The joint venture ultimately targets the 87 million current and potential Movistar customers using mobile payment with its mobile wallet or prepaid account, offering money transfers, mobile airtime reload, bill payment and retail purchases, among others.
Banco Bilbao Vizcaya Argentaria and NCR have forged agreements to implement “ABIL” concept ATMs to provide customers faster, easier using its unique new interface. Complete with a touch screen display, which rotates 90 degrees for privacy, and intuitive interface, the ATM display to the user relevant service information in a clear way. A single slot on the “ABIL” machine accepts cash, checks and passbooks and distributes cash and receipts. Already with 20 functioning units in 2010, the bank is planning to install 200 more during 2011.
MasterCard is set to kickoff its annual European “Global Risk Management Conference” in Barcelona, Spain from Nov. 1-5. The conferences will offer strategies and tactics to help ensure data security professionals anywhere in the world are up-to-speed on the payment card fraud prevention best practices. The Conferences will also consider global fraud issues and challenges specific to the respective markets. Also featured will be the MasterCard “Plastic Card Vendor Seminar,” to focus on its “Global Vendor Certification Program” and the new Card Structure and Integrity Program, as well as recent developments with contactless, near-field communication, Chip and PIN, and mobile payment card technologies.
EBA Clearing and Iberpay announced the successful activation of a link for exchanging Sepa Direct Debits (SDD) between Iberpay and the Step2 platform. IBERPAY and EBA CLEARING are further expanding their partnership links to allow financial institutions to exchange SEPA payments with banks in 32 European countries. In addition, the links help to ensure full reachability in Spain for EBA CLEARING’s PE-ACH Services by providing STEP2 access to those banks that are not connected to the platform. The new IBERPAY-STEP2 link allows IBERPAY users to benefit from the Europe-wide reach for SEPA Direct Debits facilitated by EBA CLEARING’s Pan-European Automated Clearing House STEP2.
U.S. Bancorp Fund Services, LLC and Societe Generale Securities Services have launched the Global Securities Services Alliance to provide comprehensive fund services for all U.S. and non-U.S. domiciled funds with complete securities services and broader global support.
The GSSA commercial alliance between USBFS and SGSS combines both company’s service models to offer global administration, shareholder servicing, distribution support, capital introduction support, product development, securities lending, trustee services, credit facilities, and middle office solutions. Investment managers seeking a single source for servicing global products are able to receive 24-hour global support through the specialized talent and expertise of two top-tier firms through this unique service offering. Each organization brings significant industry tenure and best-in-class reputations within their respective local markets. SGSS is the 6th largest worldwide global custodian and the 2nd largest in Europe with 3,246* billion euros of assets under custody.
Gemalto has launched the “UpTeq Device Service Link” which gives users the freedom to use their PC for on-the-go Internet access. Once the card is inserted in the mobile Internet device, it loads the operator’s visual identity and proposed services, and ensures security of its mobile applications in the PC world. With ‘Device Service Link’, users enjoy an instant mobile broadband experience from their computer; which, when renewing it, they can immediately retrieve their operator customized environment, their preferences, personal content and settings. The multimedia SIM card retains its original functions of authentication, portability and security for mobile applications in the PC world, while offering service continuity when users switch networks (from 3G to WiFi, for example) to provide an “always on”, seamless connection.
Giesecke & Devrient (G&D) has developed the first prototype of a complete security platform for a mobile handset, with Qualcomm Incorporated’s support, and will be displaying its proof-of-concept solution running on Qualcomm’s Snapdragon chipsets at Mobile World Congress in Barcelona this week. The demo will show how the MobiCore(C) secure application environment and the Snapdragon’s security architecture delivers a complete ARM TrustZone technology-based security platform to address the requirements of services ranging from mobile payment with secure PIN entry and content management to key management and general user authentication. The MobiCore environment provides a fully certifiable security solution that enables applications using dedicated security solutions today to be integrated into advanced mobile devices based on Qualcomm’s Snapdragon platform. Additionally, G&D and Toro Development are working together to develop a cutting-edge offering for mobile financial applications based on G&D’s Mobile Security Card and TORO’s Akami mobile platform. Both companies are contributing their respective expertise in hardware, firmware, middleware, mobile software, and system architecture to create a platform offering system integrators, financial service providers, and retailers fast time to market for a proven secure mobile solution. This new offering brings to the market a series of stand-alone solutions for secure applications that will not necessarily evolve toward near-field communication (NFC), such as mobile banking, mobile remittance and mobile ATM. The Mobile Security Card originates from Giesecke & Devrient Secure Flash Solutions (G&D SFS), a joint venture between G&D and the flash controller supplier Phison Electronics.
Gemalto has piloted the launch of
bio-sourced SIM cards by SFR, a French operator with over 20 million mobile subscribers. The card body, made from plant-based bioplastics, is easily recyclable and compostable and can be incinerated without emission of toxic fumes.
The bio-sourced SIM card is made from a new renewable material derived from corn, sugarcane or potato starch. This material is easily recyclable and compostable through small scale industrial units and reduces the global ecological footprint of the production process. This card is part of the expanded portfolio of eco-friendly products that are available for banking, telecom and government customers worldwide. Gemalto has also supplied SFR with packaging made from recycled paper and plant-based inks.
In-application billing and mobile software license management solution provider Tanla will be launching it’s “On-device payments and preloaded content distribution partner program” to coincide with the Mobile World Congress in Barcelona on 16 February 2010. Tanla’s partner program will be launched at a special event at the “Mercat de le Flors Theatre” in Barcelona on 16th February. The developers program will be announced by Tanla and will be supported by presentations from Carphone Warehouse, Sony Ericsson, Accumulate and a panel session hosted by Tim Green, Editor, Mobile Entertainment Magazine.
Tanla already has over 200 application developers using their payments and license management solution. With the launch of the Tanla distribution partner program they aim to expand the list of content providers and distribution partners.
Research and Markets has announced the addition of the “Card Protection Metrics: Consumer
Approaches to Card Protection Insurance in Spain” report to their offering.
“Card Protection Metrics” offers detailed and unique insights into the
behaviour of Spanish cardholders in the context of card protection
insurance. Based on a primary survey of over 1,000 consumers in Spain
carried out in July and August 2008, the research provides valuable data
describing the extent to which consumers with debit and/or credit
cards take out card protection insurance and clarifying the proportion
of uninsured cardholders who value the benefits of the insurance but
have simply not got round to acquiring cover. In addition to calculating
the percentage of Spanish cardholders possessing card protection
insurance, the investigation also analyzes the types of policy that they
hold, the range of benefits that they believe that they derive from their
insurance, which distribution channel and interface they use to take out
paid-for card protection insurance and whether they buy cover within a
week or a month of acquiring a given payment card or at a later stage.
Finally, the report measures the degree to which insured cardholders in
Spain are satisfied with their insurance, whether they find it expensive
and if they are likely to discontinue it the next.
The Conference Board Leading Economic Index (LEI) for The United Kingdom
declined 0.1% while The Conference Board Coincident Economic Index (CEI)
decreased 0.3% in October. With the 0.1% decline, the Conference Board
LEI for Spain now stands at 109.4 (2004=100), which increased 0.3% in
September and increased 1.9% in August. Meanwhile, the CEI results for
the month were preceded by a 0.1% decrease in September, 0.2% decrease
in August and now stands at 100.3 (2004=100). LEI results for the month
were attributed to positive gains in only 3 of the 6 components that
make up the Conference Board LEI for Spain, including order books
survey, the capital equipment component of industrial production and the
inverted long-term government bond yield while negative contributors
included job placings, the Spanish equity price index and the Spanish
contribution to Euro M2.
The Conference Board Leading Economic Index (LEI) for Spain increased
for the fifth time in six months by 0.3% while The Conference Board
Coincident Economic Index (CEI) decreased 0.1% in September. With the
0.3% increase, the Conference Board LEI for Spain now stands at 109.5
(2004=100), which increased 1.9% in August and increased 0.9% in July.
Meanwhile, the CEI decrease for the month was preceded by a 0.1%
decrease in August and 0.1% decrease in July to now stand at 101.0
(2004=100). LEI results for the month were attributed to positive gains
in 4 of the 6 components, including order books survey, the capital
equipment component of industrial production, the Spanish equity price
index and job placings while negative contribution came from the Spanish
contribution to Euro M2 and the (inverted) long-term government bond yield.