India’s Navi Mumbai Municipal Corporation (NMMC), held a Smart Banking Connect conference for seeking avenues for smart banking for the citizens. An idea of a smart mobile application and a smart NMMC card for payment of water, electricity, property bills etc from one point was discussed.
Sberbank, the largest bank in Russia has inked a deal with Hong Kong-based PAX Technology to become its major payment terminal supplier.
In today’s CardFlash News Que: EBANK (debit cards); MasterCard (Media-Saturn); LOYLOGIC (PayPoints); and WISEKEY (conference).
In Europe, card payments remain among the most popular payment methods for e-commerce transactions. However with increased safety concerns and high merchant costs, across the continent a growing number of consumers are turning to alternative payment methods to complete their transactions.
PayCargo, an electronic freight invoicing and payment processing specialist and HAPAG-LLOYD, a leader in containerized ocean transportation services, is now connected to the PayCargo Freight Payment Network allowing its customers the flexibility of using PayCargo as an e-payment option.
Alipay has signed Hangzhou-based China Jo-Jo Drugstores to launch an online payment service. Through Alipay’ s popular services such as Alipay and Alipay Wallet, Chinese consumers can now make e-payment for China Jo-Jo’s products, in both retail and online pharmacies, through mobile devices such as smartphones.
Mozido mobile financial services, through its subsidiary Centralized Strategic Services Ltd (CSS), have partnered to create a mobile wallet, branded JCUES (Jamaica Credit Unions E-payment Services), that extends financial services to Jamaica’s underbanked population. Mozido’s mobile financial services technology enabled JCCUL, which represents 42 credit unions serving over a third of the nation’s consumers, to launch a stored-value account mobile wallet initiative that delivers banking options to Jamaica’s estimated two million underbanked citizens, and also brings mobile payments and loyalty services to thousands of merchants. After a one-year initial phase, the Bank of Jamaica has approved phase two pilot of JCUES, now allowing any Jamaican to sign up, add money, and pay for goods and services without the need for a bank account. Phase two of JCUES doubles the target market base in Jamaica, giving over two-million citizens the opportunity for full control over their finances, many for the first time ever.
BPC Bank announced EthSwitch has chosen SmartVista to power its national switching operations. SmartVista was selected because of its comprehensive functionality, advanced technology and proven track record in helping payment businesses worldwide capitalize on opportunities presented by the changing payments landscape. EthSwitch was formed by all the banks in Ethiopia, and with the backing of the Ethiopian Bankers’ Association and the country’s central bank known as the National Bank of Ethiopia. EthSwitch aims to connect all banks to a central transaction switching platform that will provide customers with access to their money and other financial services via any ATM, Point of Sale (POS) device, mobile and Internet channels, regardless of which bank issued their card or in which bank their account is kept.
First Data has dramatically expanded its presence in Brazil with the launch of Bin acquiring solution. It has already begun its operations with MasterCard for credit, debit and installment payments, anticipation of credit receivables and other services. The Bin launch is the result of the operational agreement announced last January between First Data Brazil and Bancoob, the banking arm of Sicoob, the largest credit union cooperative system in the country. As part of this agreement, Bancoob is the formal acquirer that is responsible for provisioning the card scheme licenses and managing settlement of payments to merchants. Merchants will benefit from information-rich statements, an easy-to-use portal, a simplified financial reconciliation process and robust fraud monitoring. In addition to providing standard POS terminal options for capturing electronic payments, the Bin solution also features transaction capture via EFT, POSEFT and e-commerce.
Transaction Network Services (TNS) will deploy wireless ATMs for Malaysian Electronic Payment System Sdn Bhd (MEPS). MEPS launched Malaysia’s first non-bank ATM late last year and has ambitious growth plans to roll out the technology across the country, which will see 500 ATMs live by the end of this year and continuous steady growth year on year to 1,580 by 2018 as MEPS rolls out nationwide coverage. TNS will provide its TNSLink solution to handle secure, high-speed transaction transport and ATM communications utilizing advanced encryption algorithms and a PCI DSS certified backbone network.MEPS ATMs support the Malaysian government’s Economic Transformation Programme and Bank Negara Malaysia’s e-Payment Agenda by offering more than just cash withdrawals and balance enquiries. Customers can complete real-time interbank transfers, as well as make credit card and loan repayments.
NTT Communications announced the introduction of its payment solutions to help merchants expand their reach and gain access to the global e-Commerce market’s vast potential. The solutions lower the barriers of entry for merchants, allowing rapid access to high-growth e-Commerce markets such as China.Developed by NTT Com Asia, the company’s East Asia Headquarters, the payment solutions leverage the group’s global presence and strengths in technology and IT infrastructure, providing comprehensive solutions for all online payment needs. A single, simple integration gives access to multiple acquirers and payment methods around the world, allowing merchants to quickly expand their business reach. With the company’s proven China payment solution, overseas merchants can conduct cross-border e-Commerce in Reminbi and take advantage of the market’s e-Commerce boom. As a consolidated payment solution, merchants can manage the entire payment value-chain through a single point of contact and simple, one-time integration.
JCB International announced Worldline e-payment and transactional services signed a License Agreement for building a JCB card acceptance network and to start JCB merchant acquiring operations. JCBI has been increasing its presence in Europe by expanding its merchant network. Currently, JCB cards are accepted at about 25 million merchants worldwide including several millions in Europe. This partnership will significantly increase the number of JCB merchants, which will improve the card acceptance for JCB cardmembers visiting Belgium. Worldline payment and transactional services is active in Merchant Services & Terminals, eMobility & eTransactional Services, and Financial Processing and delivers non-cash payment transactions via a wide range of payment solutions for POS, online and mPayments.