Eurasian Bank announced its new mobile banking service through Monitise Create. The full-service, multi-language mobile banking app is available on iOS (iPhone) and Android to the Bank’s customer base that will exceed one million this year, with iPad and Windows Phone versions to follow. Monitise Create was approached by Eurasian Bank to define, create, develop and launch a mobile banking proposition to reflect the bank’s position as a key financial services innovator in Central Asia. The app, available in Russian, Kazakh and English, will provide all Eurasian Bank’s retail banking customers with access to transaction history for multiple accounts, intra-account transfers, bill payments, the option to apply for credit, block transactions and an ATM, branch and POS finder.
According to the latest PricewaterhouseCoopers’ “Trendsetter Barometer”
survey, optimism in the U.S. economy among CEOs of the nation’s
fastest-growing private companies dropped two points for 2Q/08 with 24%
of CEOs surveyed reporting a positive outlook on the economy over the
next twelve months. This is a drop from the 1Q/08 figure which showed
26% had a positive outlook and the 4Q/07 figure with 29% optimism.
Pessimism has leveled off at 36% in correlation with the slowing of
sharp quarterly drop-offs. These findings are thanks to figures showing
gross margins tightened slightly while remaining negative, 41% having
disclosed higher costs and prices having increased 25% among the
Trendsetter companies. Subsequently, 2% more organizations have
disclosed plans to reduce spending than in 1Q/08.
The first implementation of ‘CEPS’, demonstrating international interoperability of different CEPS-based e-purse technologies has been completed, according to ‘The RAM Report’ ([www.ramreport.com]). The ‘Ducato’ project included as partners: Banksys, Groupement des Cartes Bancaires, Europay International, Interpay Nederland, Proton World, Sermepa, Sistema 4B and VISA. Following publication of ‘CEPS’ in 1999, a number of tasks, such as the establishment of type approval procedures and the upgrading of international networks, network simulators, terminal and host specifications and issuing systems needed to be completed to enable the implementation of ‘CEPS’-based systems. Card and terminal manufacturers also needed to develop ‘CEPS’-based components that are retro-compatible with existing e-purse technologies, to facilitate migration to ‘CEPS’-based systems. The two ‘CEPS’-compatible smart card technologies used in the ‘Ducato’ project are Sermepa’s Advantis, applied by Sermepa and Groupement des Cartes Bancaires, and Proton World’s ‘Proton Prisma’, applied by Banksys and Interpay. Banksys and Interpay used ‘C-ZAM/Smash’ terminals from Banksys for ‘CEPS’ load and payment transactions.
The partners in the Ducato project (Banksys, Groupement des Cartes Bancaires,
Europay International, Interpay Nederland NV, Proton World, Sermepa,
and Visa International) announced today the completion of project Ducato – the
first implementation of CEPS demonstrating international interoperability of
different CEPS-based e-purse technologies.
After the successful introduction of a 1st generation of ‘domestic’ e-purses,
interoperability and therefore standardisation agreements were required to
achieve international growth and deployment of smart card systems. For this
reason a group of leading smart card industry players developed and published
CEPS in 1999. CEPS standardises the underlying technology for an interoperable
electronic purse system and therefore reduces infrastructure costs. CEPS
leverages existing investments by making use of the banks’ current payments
infrastructure, rather than inventing a whole new system.
Today’s announcement of Ducato completion demonstrates that CEPS are robust,
reliable and ready for implementation by issuers and acquirers on an
international and an inter-technology basis, thus marking the “coming-of-age”
Following publication of CEPS, a number of tasks, such as the establishment of
type approval procedures and the upgrading of international networks, network
simulators, terminal and host specifications and issuing systems needed to be
completed to enable the implementation of CEPS-based systems. Card and
manufacturers also needed to develop CEPS-based components that are
retro-compatible with existing e-purse technologies, to facilitate
Project Ducato was launched in September 2000. The project aimed to validate
CEPS-related technologies in a truly international environment with banking
organisations in various countries using international payments schemes,
demonstrating that all the participants have completed their share of the
The two CEPS-compatible smart card technologies used in the Ducato project are
Sermepa’s Advantis (applied by Sermepa and Groupement des Cartes Bancaires
“CB”) and Proton World’s Proton Prisma (applied by Banksys and Interpay).
Banksys and Interpay used C-ZAM/Smash terminals from Banksys for CEPS load and
The Advantis multi-application technology from Sermepa enables EMV
and CEPS functionality in the same card. Those applications have been
officially validated by Visa International and Europay International.
Proton Prisma can be implemented on mono-application cards or
multiple-application cards (combining EMV credit/debit, e-purse, PKI-based
identification, contactless transport ticketing etc) Proton-based CEPS cards
can be branded Visa Cash or Clip.
Visa International is ready to process Visa Cash through VisaNet and Europay
International is ready to process Clip transactions through EPSNet.
The successful completion of Ducato means that CEPS is a mature standard that
is ready for implementation. Currently, CEPS is supported by organisations
over 30 countries, representing more than 90% of the world’s electronic purse
cards. Existing purse schemes can now look into CEPS migration.
HervÃ© Kergoat, Head of Prepaid products, Europay international:
“The DUCATO project is a crucial demonstration that standardisation has once
again proven its efficiency: CEPS allows for interoperability whatever the
technology supplier, the Brand or the network used in a domestic and
cross-border environment. CEPS is good as it stands and this is a key result.
Clip is thus fully ready for implementation as a perfect add-on to our Maestro
and MasterCard products.”
Yves Randoux, CEO of Groupement des Cartes Bancaires “CB” said: “By
participating in Ducato project, the aim of Groupement des Cartes Bancaires
to validate CEPS Specifications and technology, and to test interoperability
between countries and technologies: this has been successfully achieved.
Sharing a concrete experience with our partners has demonstrated that CEPS
provides the appropriate level of interoperability in order to be ready for
French E-purse migration as soon as French Banking Community takes the
Armand Linkens, Managing Director and CEO of Proton World, said “Proton World
has been from day one a committed supporter of the Ducato initiative. We are
very happy to demonstrate today that our purse technology is ready for
international interoperability and together with our partners in the project,
we can underwrite that CEPS is now an international standard ready to go live.
Our customers that choose to migrate to the CALC-based multi-application
platform Proton Prisma give their card holders access to a state-of-the-art
internationally interoperable purse application that may carry the brands Clip
or Visa Cash.
JosÃ© Gabeiras, SERMEPAÂ´s CEO said: “Ducato has demonstrated that CEPS is the
standard that will make possible the interoperability among different
electronic purse technologies, regardless of the brand. SERMEPA is
offer to their owners and other card Issuers their proprietary technology
“Advantis”, which has been successfully validated all along the Ducato
The “Advantis” technology provides worldwide interoperability for all payment
applications, including EMV and CEPS. The “Advantis” technology also enables
complete freedom to use any combination of the payment applications both among
them and in combination with non-financial applications”.
Alfonso de la Viuda, Managing Director and CEO of Sistema 4B said: “The
contribution of experiences reached in the development of domestic electronic
purse from several entities, has permitted the achievement of the standard
CEPS. DUCATO as implementation project of the specifications, demonstrates
their viability and international interoperability inside the current
infrastructures of payment and on multiple several technological platforms.
DUCATO has allowed to have available the international channels (Europay
International and VISAInternational ) and open the settings to other entities
and provider’s solutions to implement it. Everything confirm CEPS as the
international electronic purse standard application on chip cards”
Jon Prideaux, Executive Vice President Visa EU said:
“Ducato is also an important milestone for Visa, it demonstrates that Visa’s
infrastructure is ready for Visa Cash CEPS roll-out. CEPS is part of Visa’s
EU’s Â168M chip incentive program, so we have to meet the demand from our
Members who wish to introduce a Visa Cash application to their debit and
cards when migrating to EMV. This will enable Visa cardholders to use their
cards on all five continents where Visa Cash is present.”
Proton World and Croatia’s MBU signed agreements last week to make MBU a Proton licensee for Croatia. MBU is a consortium of 27 Croatian banks that manages and operates a network of ATMs and POS terminals. Under the agreement, MBU will start replacing existing POS terminals in February with new Java-based ‘C-ZAM/SMASH’ multi-application terminals from Banksys. MBU will begin to replace mag stripe cards with smart cards later this year.