MoneyGram has named Carl-Olav Scheible executive vice president, Europe, Africa and Emerging Channels. Scheible will now be responsible for overseeing and growing MoneyGram’s business in Europe and Africa. He also will have global responsibility for the company’s expansion opportunities online and through the formation of strategic global partnerships. Scheible has held a variety of leadership positions at PayPal, most recently serving as Managing Director for the UK. During his tenure there, he successfully rebuilt the UK unit’s management team, substantially accelerated growth rates, oversaw major marketing initiatives and launched several award-winning new products. Scheible previously served as an investment manager with b-bp/Investor, a European tech fund, and before that was Head of Operations with Smarterwork. He also served as Vice President at American Express from 1998 to 2000.
Gemalto digital security will issue 15 million second-generation eHealth cards to AOK (Allgemeine Ortskrankenkasse, German Health Insurance Fund) in 2012. Gemalto is responsible for the entire card production process for Germany’s largest health insurance company. With the secure authentication function of the operating system, users are further protected from fraud. Additional personal information can be stored on the card, including emergency data such as allergies or drug intolerance. When using the services and added-value applications offered, insurees benefit from the card certified by the BSI1 and Gematik2.
Ingenico, leading worldwide provider of payment solutions, announces appointments at its Management Board, reporting to the CEO. Patrice Le Marre, who was previously managing Production & R&D will now head the Asia Pacific Region, including the operational management of China. Patrice will be based in Singapore and will be responsible of the acceleration of Group…
Streamline face to face card payment processor is now providing merchants with faster payment processing through Transaction Network Services and the “Secure SSL Gateway” IP POS terminal processing. This ensures authenticated payment exchange between card payment terminals and the Streamline processing platforms. The custom-designed solution offers additional security features beyond the minimum requirements mandated by PCI DSS, to provide a secure high-speed solution that enables Streamline’s merchants to benefit from faster payment processing, shorter queues and costs savings where dedicated dial lines can be removed.
Streamline face card payment processor, is now providing merchants with faster payment processing thanks to secure, authenticated IP connectivity from Transaction Network Services. Streamline is using the TNS “Secure SSL Gateway” for IP POS terminals, to provide authenticated payment exchange between card payment terminals and the Streamline processing platforms. The custom-designed solution offers additional security features beyond the minimum requirements mandated by PCI DSS, to provide a secure high-speed solution that enables Streamline’s merchants to benefit from faster payment processing, shorter queues and costs savings where dedicated dial lines can be removed.
Synovus Bank partnered Wincor Nixdorf to invest in 200 new Deposit Automation ATM machines for the Synovus Bank network. With these new touch screen units, customers will be able to deposit up to 50 bills or checks into a single slot in any direction; the imaging technology will instantly present a digital copy of the checks on the screen; and the ATM will calculate and verify the entire deposit amount. The cash portion of any deposit will be immediately available for customer’s use, and they will have the option of receiving text and email receipts of their transactions.
Ingenico payment solutions partnered SilverPay to supply mobile and countertop payment units to taxi fleets. This will provide the taxi drivers Ingenico’s “EFT930G” GPRS-enabled m- payment solution and the “iCT220” countertop chip and pin device. A first contract has already been secured with a medium-sized taxi fleet in Gateshead and with additional opportunities in the pipeline. This taps a market consisting of over 250,000 vehicles. SilverPay supplies payment solutions, primarily to private transport operators, and offers first line support and issue resolution for customers.
Wells Fargo & Company expanded its ExpressSend remittance network in partnership with Banco Azteca financial services company of Grupo Elektra. This allows Wells Fargo to extend its consumer remittance payout network distribution to Banco Azteca and Elektra’s 2,461 locations in Mexico, Guatemala, Honduras and Peru. Wells Fargo ExpressSend customers now have more than 40,200 remittance payout locations to send money to 15 countries in Latin America and Asia. In 2011, the total value Wells Fargo remitted was more than $1.8 billion.
Fiserv financial services technology solutions announced ATM Solutions independent deployer and operator of retail ATMs will implement Fiserv solutions to help manage its ATMs. Using “Device Manager” and “Logix” from Fiserv, ATM Solutions will now be able to improve ATM profitability and operational efficiency and automate device management. Fiserv “Device Manager” will allow ATM Solutions to manage the availability of its ATM network, from automated fault detection and service provider dispatch to tracking and escalation, while “Logix” support, measurement and asset management is helping ATM Solutions improve the profitability and efficiency of its ATM and self-service devices.
The Mobile Money Network Ltd announces that Visa Europe intends to take a 15% stake in its business, which provides mobile commerce and payments services for retailers. The investment forms part of Visa Europe’s strategy to deliver increased value for consumers, retailers and financial institutions through mobile payments. Visa Europe and MMN will implement a number of m-commerce initiatives in the UK in 2012, taking MMN’s bank-grade, interoperable infrastructure for secure, fast and simple mobile shopping to the mass market. MMN’s instant mobile checkout, Simply Tap, allows customers to easily identify and purchase a product on their mobile. Simply Tap can be used wherever a shopper sees a product they want – in print, on outdoor advertising, in-store or online – allowing the user to make an easy, secure purchase, with products delivered directly to his or her home address.
MoneyGram International global money transfer company and India Post postal network expended on existing agreements to offer money transfer services through India Post outlets from an initial 100 locations to more than 650 locations. India Post and MoneyGram have planned joint marketing initiatives in several Indian states to support the expansion of the service. MoneyGram’s service is planned to expand to 5,000 India Post locations by 2014. The joint relationship and networks are expected to increase transactions from key remitter countries, including the United States, United Arab Emirates, the United Kingdom, Canada, Australia, and Saudi Arabia. MoneyGram also offers services through postal systems in Canada, Jamaica, Kazakhstan, Kenya, Italy, Poland, Ukraine, Moldova, and the United Kingdom.
Discover Financial Services (DFS) and National Payments Corporation of India (NPCI) have entered a strategic alliance resulting to accept Discover cards and Diners Club International (DCI) cards at NPCI ATMs and POS terminals. It also will allow RuPay national card payment network cardholders to use the Discover, Diners Club International and PULSE networks for international purchases and cash access. POS and ATM transactions by RuPay network cardholders within India will be processed on the RuPay network. Outside of India, RuPay Global Card transactions will be processed on the Discover, Diners Club and PULSE ATM networks. The long-term agreement will result in increased transaction volume on NPCI’s ATM and on their soon-to-be implemented POS network in India, as well as increased transaction volume on the Discover, Diners Club and PULSE networks.