Austria’s BAWAG PSK has become one of the first banks in Europe to introduce cardless cash withdrawals at ATMs in all its branches. The technology enabling the new service is Wincor Nixdorf’s software platform PC/E with a smart client component that runs on the ATM, and a server component that authorizes the withdrawal via the code.
paysafecard.com Wertkarten AG continued the success of previous years by achieving record results in 2013. This further establishes the company’s position as the European market leader for prepaid solutions for online payments, and showcases paysafecard as one of Austria’s globally successful companies. Last year’s total turnover of €116.4 million is the highest in the history of paysafecard, and represents an increase of 13% on the previous year’s turnover. paysafecard products were used for 68 million payment transactions around the world in 2013 – a year on year increase of 23%. A significant step taken in 2013 was the launch of the online payment account my paysafecard in 22 countries. With my paysafecard, paysafecard allows users to manage their purchased PINs via a single account. This gives users the best possible overview of their current balance and past transactions, as well as allowing them to pay online simply and easily with only a username and password.
Western Union global payment services has inked agreements to provide Western Union “Money Transfer” services at more than 1,800 OMV retail locations in Austria, Bulgaria, Czech Republic, Germany, Hungary, Romania, Slovakia and Slovenia. This is part of Western Unionâs strategy to expand and diversify its Agent network into different classes of trade and complements the companyâs strategy to sign up retail locations under the “European Union Payment Services Directive” allowing non-bank entities to offer financial services under a payment institutionâs license. The cooperation with OMV will also help Western Union attract mainstream customers to its money transfer service, as well as promote intra-Euro and domestic money transfers.
Gemalto announced that Raiffeisen Zentralbank Osterreich has begun deploying its innovative, end-to-end solution for customizing payment card designs securely over the Internet. Central to the program is Gemalto’s user-friendly web-based interface that lets users customize their EMV payment card with a picture of their own choice. This is the first picture card program in Austria and its commercial rollout started in early 2010. Gemalto supplied RZB with a comprehensive turnkey solution that includes the web interface, printing and personalization services. The intuitive interface enables customers to upload their favorite photograph on the bank’s website to create a unique personal card, ensuring a simple and convenient user experience. Once the picture has been uploaded, Gemalto handles image approval before the order is placed. As part of this program, Gemalto also carries out fulfilment of the card order which requires the secure handling and delivery of the card’s PIN code to the end user.
PayLife Bank, a joint
venture of Austrian banks and savings banks and a leading acquiring
and issuing company, has selected and will deploy thousands
of Hypecom’s “Artema Mobile” payment terminals in Austria. “Artema Mobile”
was chosen for this multi-million dollar purchase to replace the
currently installed mobile terminals as well as for new customer
projects. The Artema Mobile, which benefits from GPRS communication
technology, will be sold by PayLife as the “Mobile Bankomat-Kasse.” The
terminal is designed to process the Austrian electronic purse “Quick” as
well as credit and debit cards.
JCB has signed agreements with Austria’s Service Bank to enhance its card
acceptance offering across the country, mostly to merchants in the
entertainment industries. This will provide Japanese nationals throughout
Austria with access to their JCB funds and accounts through its expanding
acceptance network. These developments are in conjunction with the
celebrations of the 140th year anniversary of diplomatic ties between
countries to be marked by events, cultural and economic
interaction. Card complete Service Bank AG has over 1,000,000 card-
members with a network of nearly 100,000 merchants while JCB’s merchant
network includes 13.5 million merchants throughout 190 countries with 55.75
China Unionpay and Europay Austria have signed acquiring
agreements for European transactions. With this agreement, CUP cards will be acceptED at Europay POS terminals and ATMs at locations across
Europe. This expands Europay Austria’s network considerably, citing that
CUP has over 1.2 billion cards currently in circulation and a growing number
of the organizations’ customers are visiting Europe. CUP has 24 branches
and 185 members, 31 of which are overseas financial institutions. Europay
Austria provides cashless payment services and has over 95,000 merchants.
To comply with the financial industry’s’ crime strategy, Raiffeisen
Zentralbank Osterreich will use software from Norkom Technologies for
all of its’ 17 banking operations. The software will monitor and analyze
every RZB transaction and interaction using matching techniques from
watch lists to protect the bank from conducting business with criminals
and terrorists. Not only will this development protect against such
activities as money laundering and fraud, it will reduce compliance
costs by a minimum of 15%.
Euronet has announced the company’s first “Single
Euro Payments Area” agreement. Signed with
OMV Refining & Marketing GmbH, the agreement stipulates a “SEPA”
compliant cross-border transaction processing
solution in Central and Eastern Europe. What is referred to as a “SEPA”
is an area in which consumers and companies will be able to make and
receive payments in Euro, regardless whether the transaction is between
or within national boundaries under the same basic conditions, rights
and obligations. The intentions of “SEPA” is to advance European
integration by promoting use of the single currency, a single set of
Euro payment instruments(ie. credit transfers), and efficient processing
infrastructures for Euro payments. The signing of this agreement
signifies a far-reaching change in Europe allowing merchants with
fragmented and expensive operations to achieve significant cost
savings by centralized operations and processing.
First Data has completed the acquisition of Austrian Payment
Systems Services, a processor of cashless, card-based payment
transactions. APSS provides Austria’s banking industry with debit and
credit card issuing and acquiring processing, as well as card network
operations and terminals and ATM processing. In addition to
processing about 372 million transactions per year, APSS is responsible
for the terminal network of 7,900 ATMs and 79,000 EFT-POS terminals. The acquisition by First Data will enable the company to broaden its service offering and support the growth strategies of Austrian banks expanding across the fast-growing markets of Central and Eastern Europe. The acquisition of APSS also extends First Data’s capabilities and service
offering in the areas of smart card development, ATM management and
debit card processing.
First Data has signed an agreement to acquire Austrian Payment Systems Services, Austria’s top card processor. Under the terms of the agreement, APSS’ headquarters will remain in Austria and the company will continue to manage its relationships with Austrian banks locally. The acquisition complements First Data’s expansion last year into Greece and this year into Slovakia, Lithuania, Latvia, Serbia, Montenegro, Russia, Hungary and the Nordic region. APSS provides the country’s banking industry with debit and credit card issuing and acquiring processing, as well as card network operations and terminals and ATM processing. The deal is expected to close in the fourth quarter.
Smart card manufacturer, Gemplus, reported that revenues for the third quarter were 10% above the prior quarter and that its losses have been cut by two-thirds since the third quarter of last year. The company’s Financial and Security Services segment posted revenues of $67 million, a 20% gain over the last quarter, as gross profits soared nearly 59% to $17million during the same period. According to this week’s edition of CardFlash International, overall revenues hit $221million for the third quarter, compared to $200 million for the second quarter. However, compared to the third quarter of 2002, revenues are down 7.6%. The net loss for the third quarter of this year was $15 million, compared to $96 million in the previous quarter, and $45 million one-year ago. However, at the operating level Gemplus posted a tiny profit compared to a loss of $7.5 million for the third quarter of last year. Gemplus says that EMV shipments doubled sequentially for the second quarter in a row and nearly quadrupled compared with the same quarter a year ago. Sales were mainly driven by the UK market, but were also supported by South America, Turkey and Malaysia. Other payment smart cards increased 64% compared with the second quarter and 66% compared with the same quarter a year ago. Malaysia and France mainly drove sales. For complete details on Gemplus’ third quarter performance visit CardData (www.carddata.com.)