Vodafone Germany is launching its new mobile wallet with the integrated Vodafone SmartPass Visa payment application. The Wirecard Group will be handling all technical and financial services for the Vodafone SmartPass card solution from Vodafone. This includes issuing both plastic and digital Visa cards for the wallet through the Wirecard Card Solutions subsidiary. The Vodafone SmartPass payment app is now being launched in Dusseldorf, where there are already around 800 NFC acceptance points. In the first quarter of 2014, the service will be successively expanded across the whole of Germany. Customers with an NFC-enabled and wallet-certified smartphone receive a SIM card with the relevant NFC function and can then pay with their Vodafone SmartPass credit at all Visa-certified contactless terminals.
Zong’s expanded platform now allows mobile payments to more application platforms and remote devices. Zong’s simple mobile payments service can now be integrated in environments such as Flash, Unity, Interactive TV, gaming consoles, and the mobile web. To integrate Zong mobile payments into most any front-end technology, the developer only needs to collect the mobile number from the user. Zong verifies the phone number with a text message to the handset and completes the billing transaction on the consumer’s mobile phone bill or prepaid mobile account. More than 50 million people will own a tablet by 2012 and 80 million by 2015.
Card processor TeleCash GmbH & Co. KG, and GroBbecker & Nordt
BUrotechnik Handels GmbH, an IT services provider to surgeries and
dental practices, have delivered and
installed more than 500 electronic health insurance card (eGK)
readers at dental practices in the North Rhine region during the last
quarter of 2009. The rollout of the Electronic Health Card (eGK) in Germany is one of the
biggest technology projects ever undertaken in the German healthcare
sector and will affect thousands of doctors, dentists, pharmacists and
healthcare clinics, which will have to invest in new card acceptance
devices. TeleCash has equipped doctors, pharmacists and hospitals with
card payment terminals since 1990 and, supported by a nationwide
infrastructure, offers a range of solutions specifically designed to
meet the needs of customers impacted by the launch of the eGK.
TeleCash chose Hypercom terminals to equip the practices. GroBbecker &
Nordt, which supports around 1,000 dental surgeons running CompuDent
surgery software in Cologne, Bonn and DUsseldorf, installed the readers
and integrated them into practices’ legacy administration systems.
Global growth equity firm General Atlantic has appointed Hans Morris, former president of Visa, as a Special Advisor. Morris will provide strategic counsel to GA and its portfolio companies with a focus on the financial services sector, supporting the firm’s global growth equity investment program. Morris served as president of Visa Inc. from 2007-2009, having been recruited to Visa as it completed a reorganization which merged several separate businesses into a new company. In March of 2008, Visa completed an offering of 51% of the company for $19.7 billion, the largest IPO in U.S. history. Mr. Morris’ primary responsibilities included managing Visa’s regions and overseeing all sales and marketing. Morris previously spent 27 years at Citigroup and its predecessor companies in several operating and management roles. In his final position, he was CFO and head of finance, technology and operations for Citi Markets and Banking. From 2000 until 2002, he was vice Chairman, chief operating officer, and head of client management of the Investment Banking division at Salomon Smith Barney, and for many years he was the head of the financial institutions group within the investment bank.
The Western Union Company global payment services has appointed Wulf von
Schimmelmann to its Board of Directors to serve on the corporate
governance and compensation and benefits committees. To serve at least
until the next annual election of directors, with this development, the
board now consists of 10 directors. Currently serving as Chair of the
Supervisory Board of Deutsche Postbank; a member of the Supervisory
Board of Deutsche Telekom; a director of Accenture Ltd; a member of the
Supervisory Board of Maxingvest; and as Chair of the Supervisory Board
of BAWAG P.S.K., Schimmelmann was the CEO for Deutsche Postbank from
1999 to June 2007. During his service, Deutsche grew to become the
largest retail bank in Germany with almost 15 million customers.
Additional experience prior to 1999 includes his time as a member of the
Board of Managing Directors at BHF-Bank in Frankfurt am Main, as a board
member at Landesgirokasse-Bank in Stuttgart and as a partner at McKinsey
Elavon global card acquirer has enhanced its proprietary international
processing platform, which allows merchants to authorize in 89
currencies, settle in 16 and convert in up to 48, along with access to
cross-border and Dynamic Currency Conversion (DCC) capabilities. With
the enhancements, Elavon has announced its expansion into Germany where
the organization will offer DCC in more than 25 currencies. Managing the
entire conversion process from direct treasury exchange rates,
transaction processing, back-end reconciliation, settlement and funding,
Elavon ensures accurate, market-driven, currency transactions which are
updated daily. Elavon’s Global Acquiring Solutions, subsidiary of U.S.
Bancorp, provides end-to-end payment processing services such as credit
and debit card processing, electronic cheque services, gift cards,
dynamic currency conversion, multi-currency support, and cross-border
acquiring to meet the needs of merchants.
U.S. Bancorp’s global card acquirer Elavon has enhanced its proprietary international processing platform, which allows merchants to authorize in 89 currencies, settle in 16 and convert in up to 48, along with access to cross-border and “Dynamic Currency Conversion” capabilities. The number of currencies supported for DCC varies slightly by country and point-of-sale solution, but Elavon is the first card acquirer in Germany to offer “DCC” in more than 25 currencies. Managing the entire conversion process from direct treasury exchange rates, transaction processing, back-end reconciliation, settlement and funding, Elavon ensures accurate, market-driven, currency transactions which are updated daily. Elavon represents the former brands of euroConex, NOVA Information Systems and its affiliates FHMS.
AirPlus International business travel payment solutions has reported a
16% increases in charge volume since 2006 and a subsequent 39% profit
increase to $28.1 million. Overall, transactions processed by AirPlus
were up 81 to 93 million while the number of employees grew from 641 to
720 throughout 2007, serving its 32,000 corporate customers worldwide
with ticket settlement for 260 airlines. These include such major
airlines as Air China, British Airways and Continental Airlines.
On Track Innovations (OTI) will be providing Garanti Payment Systems
with contactless solutions. OTI will be providing its “Saturn 6000”
reader for security-enhanced EMV transactions for Garanti’s “Tap & Go”
program. The “Saturn 6000” also provides “ISO 14443 PayPass version 1.1,”
which Mastercard’s “Paypass” Technology began implementing this year.
The readers are accessible where PayPass Cards, Smart Stickers, Key Fobs
and watches are offered to “Bonus Trink” members. Garanti Bank has $36
billion in assets, has over 6.2 million corporate and private banking
487 domestic branches, and 1,455 ATMs.
First Data has partnered with mobile payment provider, NCS Network, in
an agreement to offer “Crandy” e-commerce and mobile payment services.
The new service currently provides merchants with a mobile payment
system for handling micro-payments and customers with an easy payment
solution. To establish “Crandy” service, the customer calls, requests an
account and their mobile number, essentially, becomes their “Crandy”
account number. As a result of the payment solution, on-street ticketing
and vending merchants stand to gain revenue as consumers use the mobile
payment option over cash. Furthermore, the service reduces merchant and
consumer transaction costs because of transaction routing efficiency.
Also, Banks and other issuers can offer services to merchants and
consumers. “Crandy” currently serves 360,000 consumers in Europe.
First Data serves 4.9 million merchant locations and 1,900 card issuers.
Essen-based KarstadtQuelle Bank has extended its existing contract for credit card-processing services with GZS Gesellschaft fur Zahlungssysteme for six more years. With a portfolio of around 900,000 MasterCards, KarstadtQuelle Bank is currently Germany’s largest MasterCard issuer. GZS is the top player in the issuing processing market.
Amsterdam-based GlobalCollect has agreed to a management
buyout from TNT, backed by Waterland Private Equity Investments and Prime Technology Ventures. The Company offers international e-commerce merchants the ability to accept local payment solutions in over 50 countries. Payment services are not part of TNT’s core business, which has led to this change of ownership. Waterland Private Equity Investments takes up the majority of the new investment. GlobalCollect remains independent from banks and card processing organizations.