Sweden has become the first Nordic country to issue MasterPass digital wallets. Nordea, SEB and Swedbank are the first banks to issue MasterPass, soon to be joined by ICA Banken and Resurs Bank.
Hackers hit pay dirt with the recent credit card system breach of upscale hospitality chain Mandarin Oriental Hotel Group. Considering the hotel’s wealthy clientele, many of hacked cards have very high or no credit limits.
Paylib is positioning itself to become the major e-wallet in France for e-business and m-business. The company recently signed deals with Crédit Agricole and MasterCard.
The first payment card integrating dynamic Card Verification Value/Code (dCVV/dCVC) technology from NagraID Security (NIDS) in order to secure online transactions comes from Oberthur Technologies (OT). NIDS is the display card specialist acquired by OT last month.
Millicom and Kalixa announced the establishment of a joint venture to develop a payments service provider to operate in Africa and Latin America. The joint venture will offer payment acceptance services for both businesses and consumers, including payment gateway and point of sale solutions for merchants as well as 1-click payment and eWallet provision for online customers.
JCB continues to expand in Europe signing a Netherlands deal with EMS. The Netherlands is a strategically important country for JCBI as this is a major destination market for European JCB card members. JCBI has been doing business in Europe for 32 years.
KBC is joining MyBank and will offer this Europe-wide payment method to their retail and corporate customers from spring 2015 on.The MyBank button redirects internet shoppers to their online or mobile banking platform, where they can pay by confirming a SEPA Credit Transfer order that already has all the details filled in. KBC will also roll out MyBank Mandates, a solution that will allow customers to authorise electronic mandates for the payment of recurrent bills or online purchases via SEPA Direct Debits. Merchants and public authorities across Europe will be able to replace paper mandates with this efficient new solution. Moving to an electronic process that informs the bank of the debtor about the signing of a mandate in real-time reduces costs and the time required to collect funds.MyBank is currently available to over 12 million retail customers in Italy, France and Luxembourg and supports the initiation of SEPA Credit Transfers via online or mobile banking. From October 2014 on, the solution will also enable customers to create, modify and cancel electronic mandates for direct debits.
MasterCard and Ogone partnered on the integration and deployment of MasterPass digital transactions. This collaboration which covers Belgium, The Netherlands, France, United Kingdom, Germany and Spain in a first phase and the remaining countries Ogone operates in later on, paves the way for the adoption of MasterPass™ by tens of thousands of merchants. MasterPass, the digital platform from MasterCard, simplifies online purchases made from connected devices including PCs, touchpads and smartphones. MasterPass meets consumers’ demand for convenience shopping and eliminates the need to enter detailed shipping and card information to complete their online shopping at MasterPass merchant sites that have the “Buy with MasterPass™” button on their check out page.
MasterCard and Worldline, Atos subsidiary for e- payment services, announced their partnership on the integration and deployment of MasterPass, the future of digital transactions. This collaboration, which covers all countries operated by Worldline – UK,France, Benelux, Germany, Spain, India and other Asian countries – , paves the way for the adoption of MasterPass by thousands of merchants. MasterPass, the digital platform from MasterCard, simplifies online purchases made from connected devices including PCs, touchpads and smartphones. MasterPass eliminates the need for consumers to enter detailed shipping and card information to complete their online shopping at MasterPass merchant sites that have the «Buy with MasterPass” button on their check out page. Consumers can securely store MasterCard and other branded credit, debit and prepaid card information, address books and more.
PayLane systematically expands the list of banks in its portfolio. Customers can choose to make a transfer from such banks as Bank Millennium, mBank, Credit Agricole, Alior Bank, MultiBank, PKO BP, Deutsche Bank, Alior Sync, Inteligo, Bank BPH (GE Capital Group), ING, KB Kredyt Bank, BZ WBK, Getin Bank. This now includes Nordea Bank (Pay with Nordea), Idea Bank and postal money order. The large number of banks coupled with other payment methods such as credit and debit cards or PayPal, makes it possible for the e-shop customers to find their favourite way of issuing payments. As PayLane received the status of a Payment Institution in May 2013, it is subjected to the regulations of Polish Financial Supervision Authority. Both the merchants and their customers can be sure the wire transfers are secure.
EBA CLEARING has issued a call for participation in its MyBank E-mandate Pilot to banks and service providers at the EBAday payments conference to test the MyBank E-mandate solution for SEPA Core Direct Debits with regard to reliability, security and usability. The testing will involve banks, service providers and corporates which will ensure in co-operation that the different components of the MyBank E-mandate solution work together seamlessly before the solution will be rolled out. Service providers can participate in the testing either directly or through a partnership with a participating bank. Banks are invited to join the pilot with a corporate customer to ensure that the end-to-end testing fully meets the requirements and expectations of all stakeholders.
MONEXT has become a VISA Merchant Agent and is approved as a trusted third party on the VISA website. This is the culmination of a process started 5 years ago, and which certifies all of MONEXT PCI-DSS platforms. For its customers – banks, merchants and e-merchants – this is the assurance of an ultra-secure handling of bank data during the storage and transmission of sensitive information. With the increase in cyber-attacks to steal bank data from financial intermediaries, the VISA network has announced that from January 1st, 2013, cyber-merchants and traditional merchants must use certified platforms to host their transactional applications. Monext has therefore obtained Visa approval which attests to the protection of the cardholder data according to the PCI DSS security standard.