More than 70% of consumers whose bank offers a mobile app have downloaded it, an increase of 7% compared to 2014. Those in the 18-24 year-old range have the highest adoption rate at 93%, but there are increases across all age groups.
Scandinavian Airlines will formally accept online ticket purchase of UnionPay cards before the end of the summer. It will join hands with many European airlines like Air France, KLM Royal Dutch Airlines, Deutsche Lufthansa, Finnair, LOT Polish Airlines, and Ukraine International Airlines to accept UnionPay.
AsiaCheckout with UnionPay has been introduced by Planet Payment and International Checkout. AsiaCheckout is an online marketplace where U.S. merchants can offer and sell their goods to Chinese consumers.
Rakuten Ichiba has adopted the Akamai Japan K.K. transaction “Dynamic
Site Solution” Internet shopping portal. Rakuten adopted the “Dynamic
Site Solution” to accelerate the performance of its eCommerce site and
is offloading some of its web content to the Akamai globally-distributed
network to help extend its infrastructure. Rakuten online shopping
portals in Japan has a membership of around 30,000 retail stores online,
operates the “Rakuten KC” credit card and financing service and “e-BANK”
online banking service. Rakuten needed a solution that could meet its
growing server needs, an increasingly pressing issue, to offer a low
cost and convenient method for highly scalable and reliable customer
services without having to make enormous investments in space and time
to expand its own infrastructure.
The 2nd annual “Payment China 2008” will be held in mid-April of
this year in Beijing, China. With payment services accounting for over
40% of total bank revenue, IT and diversification is increasing
competition in the market, for which “Payment China 2008” provides
a forum where industry leaders can share ideas and receive guidance.
Representatives from financial institutions around the world are scheduled
to speak, provide guidance and ideas on issues regarding the country-wide
payment, clearing and settlement infrastructures, payment services, the
Asian payment industry, the upcoming Olympics, transfer services and
VASCO Data Security has introduced the “Digipass 840 Comfort Voice”
(Digipass 840 CV). The product was designed for the blind and visually
impaired. Utilizing a speech-based user interface, features of the card
reader include, speech based feedback of entered data and selected
an e-signature and one-time password functionality, the use of built-in
or headset and large display and keypad. “Digipass 840 CV” also supports
EMV-CAP, VISA dynamic password authentication 1.1, German
[email protected] TAN, and Belgian eID Card authentication. VASCO has a customer
base of over 4,800 companies in more than 100 countries, including nearly
750 international financial institutions.
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.
Two companies, WestLB AG and ClickandBuy, have launched a project to
ease the pending application of SEPA. SEPA serves a market comprising
over 61 billion transactions across Europe. The joint effort between
WestLB and ClickandBuy will simplify these transactions early in the
developmental stages of SEPA by introducing the new payment formats and
significantly reducing the administrative costs to companies. SEPA is
vital to the implementation of a single market in the European Union
(EU) and will offer many cost advantages as a simplified payments
Pay By Touch and TX-eBank Systems have formed an alliance through which eBank will market and sell Pay By Touch’s “Paycheck Secure” service to its existing customer base of more than 30 community banks and financial institutions as well as new prospects. “Paycheck Secure” enables a person to cash checks using a simple finger scan to authenticate their identity. To enroll new customers, banks digitally scan the consumer’s government-issued photo I.D., take an electronic photograph and capture two fingerprints, creating a unique customer profile for each individual. At subsequent visits to the bank, the customer need only place his/her finger on the scanner to safely and securely cash payroll and government checks. Currently, more than 3 million consumers are using “Paycheck Secure” in 2,000 retail locations across 41 states. e-Bank Systems is a technology and core service provider. Pay By Touch is the global leader in biometric authentication, personalized marketing and payment solutions.
ABN-Amro Singapore will provide its retail customers with VASCO’s “Digipass GO3” to guarantee secure online banking. ABN-Amro is the first bank in Singapore to use Digipass in a retail-banking environment. “Digipass GO3” is a lightweight, low cost strong user authentication token, especially designed for the large volume banking market. With a simple touch of a button, the end user
generates a unique one-time password. The password changes every 36
seconds and can be only used once, which means that it can’t be re-used
by fraudsters. Digipass says a its one-time password prevents phishing attempts.
SEB’s wholly owned Lithuanian bank, Vilniuas Bankas, started its e-bank, VB [email protected], in September 2000, with the aim of having 3,000 customers by year-end 2000. The bank acquired 11,262 customers and, since the beginning of this year, the number of e-bank customers has tripled to a total of 30,000 in July 2001. The goal for full-year 2001 was to have 30,000 customers, a figure that has now been achieved in half the time.
This means that 10 percent of Vilniuas Bankas’ total number of customers are e-bank customers. Approximately 80 percent are private customers and 20 percent consists of small and medium-size companies that conduct their banking via the Net.
Today, Lithuanian customers use Vilniuas Bankas e-bank primarily to pay bills, check their accounts and to transfer money between accounts. During this year, Vilniuas Bankas also anticipates being able to offer its customers the possibility of applying for consumer loans, mortgage loans, share-trading and management of all their home-related bills via the Net.
SEB owns three Baltic banks; Eesti Ãhispank with 390,000 customers, 70,000 e-bank customers and 64 branches in Estonia, Latvijas Unibanka with 318,600 customers, 27,000 e-bank customers and 70 branches in Latvia, and Vilniuas Bankas with 280,000 customers, 30,000 e-bank customers and 57 branches in Lithuania. SEB owns 32 percent of the shares in the Polish bank Bank Ochrony Srodowiska, BOS. SEB is a European financial group, primarily for companies and financially active private individuals. SEB has 630 branches in Sweden, Germany and the Baltic States, with a total of 4 million customers. Of these, 900,000 are Internet customers. SEB also has operations in the other Nordic countries, the UK, Luxembourg and Switzerland. The Group’s total assets are SEK 1,123 billion and managed capital amounts to SEK 910 billion. The number of employees totals 21,500.