JCB is to commence a one-month trial of a new mobile wallet platform ahead of a national and international roll-out in 2013 with its “Mobile Wallet,” based on a platform from Dai Nippon Printing. This handles payment, loyalty programmes, discounts and other special offers and will offer users daily discounts at merchants in the trendy shopping district of Omotesando in Tokyo and will test the usability of app functions such as exchanging points for discount coupons and swapping points among users. This on the heels of wireless operator NTT DoCoMo and KT Corporation implementing a cross-border alliance for interoperability between their respective mobile wallet services.
SumUp merchant debit and credit card payment smartphone acceptance expanded to businesses in Italy, Spain, and the Netherlands. SumUp mobile payments enabler accepts both Visa and MasterCard payments in all of the regions it operates in. For the expansion, SumUp has been putting together packages of updates for both its iOS and Android-based apps. These updates effectively streamline the creation, management, and organisation of digital ‘shelves’ of products within the apps, improve product indexing and search functions, and give merchants the ability to process transactions even faster.
Yalamanchili payment solutions received Visa Europe certification, establishing it as a validated service provider to offer payment processing solutions to card issuers and program managers operating on the Visa Europe payment scheme. Received from Visa Europe, this is further confirmation of Yalamanchili’s service capabilities and compliments the Visa network certifications the company has long held in other regions around the world. The certification delivers greater choice and flexibility for Yalamanchili’s clients, enables the organisation to provide fully outsourced Visa Europe compliant solutions including prepaid, debit, credit and commercial credit product offerings. Yalamanchili provides retail banks, card programme managers and their corporate customers with the tools and services needed to create and manage their own card products liberated from the constraints of the legacy platform, traditional processor model.
The first ATM installed in Myanmar became the first to accept an international payments MasterCard. This after the September announcement MasterCard Worldwide is to be the first international payments network to issue a license to a Myanmar bank, paving the way for branded cards to be issued and accepted in the country for the first time. Tourists and business travelers with an international MasterCard, Maestro or Cirrus-branded card will now be able to withdraw money, and in the local currency. CB Bank has the largest ATM network in the country.
PayEase signed a new agreement with CyberSource, a Visa company for the provision of fraud management services to protect Chinese domestic online payments. For CyberSource, the agreement builds on a business relationship with PayEase, started back in 2009 when PayEase became the first mainland China payment service provider (PSP) to use CyberSource’s Decision Manager for cross-border transactions. The significance of this expanded deal is that it will cover PayEase’s domestic China business — another first. PayEase is one of the leading PSPs in China, with offices worldwide. It essentially provides a service and goods purchase confirmation platform that delivers immediately following the completion of the payment, anywhere, anytime throughout China.
ValidSoft, a global supplier of telecommunications-based fraud prevention, authentication and transaction verification solutions, and a wholly owned subsidiary of Elephant Talk Communications, has achieved its third European Privacy Seal from EuroPriSe for its “VALid-SSD” SIM-swap fraud prevention solution. ValidSoft is the only security software company in the world to have achieved three EuroPriSe Privacy Seals, awarded after a rigorous legal as well as technical assessment and evaluation process to show that a product is compliant with EU data protection standards and embraces the ‘privacy by design’ approach. The VALid-SSD detection and prevention application is designed for bank use to address SIM card fraud. This is a type of ‘Pseudo-Device-Theft’ which enables fraudsters to maliciously redirect mobile telephone calls and SMSs in order to defeat Out-Of-Band authentication systems and other anti-fraud measures involving customer contact via the mobile phone.
OKI partnered Europeum to launch its ATM-Recycler G7 cash-recycling ATMs to Alfa-Bank. Alfa-Bank currently operates 2,700 ATMs and has been considering a dramatic overhaul of its ATM network. The new ATMs making up this network required various functions to handle not just the Ruble, Russia’s home currency, but multiple key foreign currencies, including US dollars and Euros. In a pilot project running from June to September 2012, Alfa-Bank undertook a trial run involving four ATM-Recycler G7 units. This effort was positioned as part of a strategic plan to improve the bank’s network to maintain Russia’s leading customer service levels.
Home Trust Company has partnered MasterCard Canada to grow Home Trust’s payment card services and merchant acquiring portfolio. Home Trust will expand its payment card portfolio through the development of a prepaid card business with MasterCard. MasterCard and Home Trust will also work together to further grow Home Trust’s merchant acquiring portfolio. Home Trust conducts merchant acquiring through Payment Services Interactive Gateway(PSiGate), with secure and trusted solutions to small and mid-size merchants.
MasterCard Worldwide has appointed Kevin Goldmintz as head of Hong Kong & Macau. Goldmintz joined MasterCard in 2004 and was initially based in Hong Kong, where he successfully launched the joint MasterCard-Citi Commercial Card business in more than seven markets in Asia Pacific. He moved to Australia in 2007 to lead the Citi Australia account which includes Citi’s largest commercial card business in Asia Pacific. He was also responsible for signing MasterCard’s first ever airline co-branding deal in Australia with Emirates airline. He worked as a Product Manager for ANZ Bank, one of the largest commercial card issuers in Australia, managing the SME portfolio-the largest SME card portfolio in the country- and led the Qantas-ANZ airline co-branded card project and was responsible for the overall relationship with Qantas.
Western Union Business Solutions is planning to expand partnership with ChinaPay online and mobile payments subsidiary of UnionPay. This will enable participating universities and higher education institutions around the world to accept international tuition and student fees in the Chinese Renminbi (RMB). The partnership will also offer an integrated, co-branded platform that will allow universities to give incoming Chinese students and their parents the ability to make foreign tuition payments in their home country and currency. Combining ChinaPay’s online and mobile payment portals with Western Union Business Solutions’ integrated foreign exchange and payment platforms will enable fast and reliable fund reconciliation and will allow payers to have funds deducted from their UnionPay cards in real time.
MoneyGram (MGI) global money transfer announced a multi-year agreement with Qtel mobile operator on international mobile money transfer services through customers’ mobile wallets. With this, Qtel customers will be able to register for the Qtel Mobile Money service at any Qtel shop or directly from their mobile phones and send funds that can be picked up at any of MoneyGram’s 284,000 global locations in 197 countries. This also gives thousands of customers in Qatar who do not have a bank account or use traditional banking services the ability to send money using a mobile device internationally in a secure, convenient and reliable method 24 hours a day, 365 days a year.
VocaLink international payments provider has processed the two billionth payment through the UK Faster Payments Service. The Faster Payments Service enables interbank fund transfers in near real time, typically initiated via the internet or phone. It offers a secure and reliable way of making near instant payments between bank accounts, meeting consumer demands in this digital age. It also provides the UK banking industry with a solid platform for innovation, especially with the growth being seen in mobile payments.