Turkish banks are continuing to develop their products & services and offer practical solutions for facilitating the lives of card users thanks to the investments they make in parallel with the fast developments in technology. The number of contactless shopping transactions, made with debit cards, has increased by 141% in 2012 and reached to 18.2 million from 7.5 million transactions in 2011. Similarly the number of transactions with credit cards has also increased by 122% and reached to 8.4 million transactions. The volume of transactions with contactless prepaid debit cards has increased by 171% and reached to 13 million Euro whereas the volume with contactless credit cards has increased by 243% and reached to 50 million Euro. Transactions with contactless cards, the total amount of which was 19 million Euro in 2011, have reached to 63 million Euro in 2012.
Virtual Piggy safe youth payments partnered epay prepaid payments processor to help promote its youth-friendly payment system by significantly expanding its online store offerings. The epay division of Euronet Worldwide (EEFT) is a global prepaid product provider that has a distribution network of over 304,000 retail locations worldwide. epay is the leading electronic payments processor for “tops ups” or mobile prepaid minutes while Virtual Piggy provides a secure COPPA-compliant solution to allow teens/tweens and their families to purchase and manage gift cards.
Giesecke & Devrient (G&D) is to provide PayPal and Vivo mobile payments, allowing their customers with prepaid accounts to top up their credit directly on their cellphone using PayPal.G&D will also deliver the necessary payment solution, the SmartTrust Mobile Transaction Gateway, to ensure that the transactions are executed securely. This gives customers direct access to phone credit, without having to buy a recharge card from a point of sale during normal opening hours. Based on USSD technology and compatible with all types of cellphone, the solution does not require users to download any other applications. Users can set up a PayPal account for the services directly on their mobile phone, and modify the account details to add or remove linked credit-card information whenever necessary.
Ajay Banga, President and CEO of MasterCard, shared his views on how innovation can help drive economic growth. Banga noted that China’s current wave of industrialization – which has resulted in unprecedented growth based on low-cost labor – is challenged and the country needs a new model centered around continuous innovation. Bringing to bear MasterCard’s analysis and global experience in payments innovation before more than 500 audience members consisting of global CEOs, world leaders, and renowned scholars, Banga recommended China create a more level playing field for SMEs by removing the significant structural advantages that State-Owned Enterprises have over SMEs; reform the interest rate regime; harness a local banking model with right mix of global banks, large national banks and smaller regional / local banks to create efficiency in financing and serving SMEs; and Develop Electronic Payment Innovations that meet SMEs’ unique needs.
HSBC implemented an innovative RMB cross-border payments and collections solution for a Fortune 500 company in China. The new solution provides a centralized approach to cash management by enabling the Chinese subsidiaries of the global leader in power and automation technologies to use RMB to settle cross-border payments and collections with their parent company’s overseas treasury centre. The tailor-made ‘gross-in / gross-out’ model designed by HSBC not only eliminates foreign exchange exposure and optimises liquidity management for the company, but it sets a precedent for other multinational companies that will ultimately help boost circulation of the RMB outside mainland China. Use of the RMB for global trade and payments has soared since Chinese authorities began to liberalise the rules governing the currency in 2009. Some 10.5 per cent of China’s total merchandise trade was settled in RMB last year, and HSBC forecasts that share will rise to 30 per cent by 2015.
FIS entered into a seven-year agreement with FirstBank Puerto Rico for on-site operational responsibility for the bank’s IT operations and staff. FIS will assume operational control of FirstBank Puerto Rico’s IT operations including hardware and software upgrades, application management, skilled operations personnel, help desk and desktop services. The resulting environment will enable the bank to realize lower operating costs, greater operational efficiencies and full regulatory compliance. The bank will also have access to FIS’ portfolio of industry-leading solutions which will provide top-tier system functionality and assist the bank’s growth strategy as it launches new products and services.
B+S Card Service acquirer and a one source solution for electronic payment processing launched in the UK. Founded in 1989 B+S is part of the German Savings Bank Finance Group, and has become one of Europe’s most experienced service providers for acquiring, payment acceptance and point-of-sale terminals for electronic payments. B+S focus on delivering reliable and trustworthy solutions which has made it the provider of choice for more than 227,000 customers across 14 European countries. This experience has enabled B+S to develop an understanding of several local payment markets in Europe. In addition to CUP acceptance B+S is experienced in cross-border acquiring offering excellent knowledge of international payment processing including multi-currency settlement that offers merchants payment in native currency as well as additional ones including the US Dollar, the Japanese Yen and the Euro.
GlobalCollect announced the further expansion of its Asia Pacific operations with the opening of their Shanghai office, with plans to expand to Beijing, as well as into Japan and Australia. These offices are in addition to the regional headquarters opened by GlobalCollect in Singapore in 2008. The expansion into the People’s Republic of China is in support of GlobalCollect’s commitment to customer advocacy and its mission to deliver outstanding customer service. GlobalCollect is the preferred payments partner for hundreds of international Tier 1 brands including regional companies like Air China, Hainan Airlines, Lightinthebox, DHgate, DinoDirect and SmartBuyGlasses.com Optical Group. GlobalCollect contributes to the growth of these companies through its broad global portfolio of more than 150 local payment methods, enabling transactions in more than 170 countries around the globe through a single contract and technical interface.
BPC Banking Technologies Open System e-payment solutions launched Visa payWave products in Ukraine. Powered by BPC’s SmartVista, the Bank’s customers can enjoy the speed and convenience of contactless payments at POS devices. Low value transactions can be completed in less than a second, without the need for a PIN or signature. The entire project took only three months to complete, including the certification process by Visa. The deploying bank, Credit Dnepr, has been using SmartVista to power its payment business since 2007. BPC’s SmartIssuer, part of the SmartVista suite, supports full card management including extremely rapid product development, streamlined application processing, comprehensive cardholder servicing and, in conjunction with SmartPro, card personalization and production for all card types, including EMV.
Planet Payment multi-currency payment processor can now allow eCommerce merchants to accept UnionPay cards. UnionPay is one of the largest card brands in the world, with over 3.5 billion cards issued worldwide. Since the majority of Chinese consumers carry UnionPay cards, in order to effectively sell to the widest possible pool of Chinese consumers, merchants need the ability to accept UnionPay cards on their websites. Planet Payment allows merchants to participate in UPOP — UnionPay’s program to authenticate and process UnionPay cards online and more effectively tap into what is projected to be the world’s largest eCommerce market by 2015. Planet Payment integrated the UPOP into iPay, the Company’s payment gateway, providing merchants with the option of creating a customized payment experience using Planet Payment’s API or leveraging iPay’s Hosted Payment Page for an easy-to-implement solution.
AJB Software Design integrated payment solutions launched its “FIPay Mobile” mobile payment application that allows Android and iPhone users to pay for gas purchases using their mobile phones while remaining in their car. It provides petroleum retailers the opportunity to attract new mobile-savvy consumers by deploying customized mobile applications without the need to make new investments or changes to their POS infrastructure. AJB unveiled the first mobile payment application in the Canadian Petroleum industry, through a successful pilot deployment at Hughes Car Wash, a Petroleum & C-Store retailer, based in Edmonton, Alberta. Consumers can now pay for gasoline and car washes with their mobile devices at the Hughes Car Wash flagship location in Edmonton, with plans to roll out the solution to additional locations over the next year. AJB’s “FIPay Mobile” is responsible for integrating with the PIN pad device and fuel pumps in the petroleum sector and is PCI-compliant through Cogeco, a PCI-DSS validated service provider.
EMT is launching NFC service, implementing small sticker-like tags that contain a small microchip. All customers need is to download the “EMT NFC Starter” app from Google Play. The prices for NFC-enabled phones start from €99. Currently, there are 22 different NFC-phones available at EMT. The number of NFC-enabled phones in the EMT network is approximately 20,000. EMT, in cooperation with leading Estonian banks, will also launch a NFC mobile payments project to test mobile wallet solutions and possibilities.