Cards & Payments Australia
CardWeb.com’s CardData Reports today features the “Cards and Payments Industry in Australia” from Timetric.
Tyro + TouchBistro
Tyro Payments and TouchBistro have teamed up to provide users of TouchBistro point of sale (POS) systems in Australia with a fully integrated, easily set up and highly secure electronic card payment system to process patron payments for food and drink orders.
EFTPOS New Zealand
Multi-channel payments solution provider EFTPOS New Zealand has migrated its Dial POS network to Transaction Network Services (TNS). The agreement enables EFTPOS New Zealand, which was acquired by Verifone in 2013, to support the changing technology mix for payment acceptance in New Zealand and more quickly rollout its next generation of payment technologies.
Tap & PIN = No Skim
The world’s first EMV secure ATM ‘Tap & PIN’ Near Field Communication (NFC) solution that reads card data without having to insert the card in the reader, which helps to increases defense against skimming is coming next year in Australia.
FIME & EMV
FIME’s Japanese operation has been accredited as a MasterCard test laboratory for mobile handsets. FIME testing focuses on confirming the compliance and interoperability with the EMVCo Contactless approval process.
ANZ iLaunches Digital Card PIN Service
ANZ Internet Banking and ANZ goMoney customers are now able to set their card PIN numbers for personal Visa Debit, EFTPOS and credit cards online. Tis is among other upgrades ANZ offers which now allow customers to set their 4-digit card PIN for personal Visa Debit, EFTPOS and credit cards online and through the ANZ goMoney app; the option to turn off their paper credit card statements via Internet Banking; to receive a notification via text or email when their next statement is available, showing how much to pay and when and making automatic payments between the customer’s own accounts and to payees an even easier process through Internet Banking.
Ukash Expands Market Base Through Touch Network
Ukash announced its latest expansion with its partnership with the Touch network, available at 10,000 chain and independent merchants. Touch has developed a range of transaction systems to support the banking, retail, telecommunications and government sectors across Europe and in Asia Pacific. It has established a strong network of outlets for its point of sale terminals in Australia, enabling consumers to purchase a wide range of electronic products. By adding the availability of Ukash voucher codes from its terminals, Touch founder, Keith Cleeve, believes merchants will see an increase in footfall throughout their stores. Ukash enables consumers to use cash to pay safely and conveniently online by exchanging notes and coins for a unique 19 digit code. Available for use across a variety of sectors, including shopping, gift cards, games, poker and bingo, Ukash is used to pay directly on thousands of websites worldwide.
Paycorp Announces Latest Takeover
Paycorp payment services acquired 100% of the issued share capital of Saicom Group, the holding company of Kazang Prepaid and Saicom Payphones. Kazang provides prepaid voice, mobile data and electricity through proprietary mobile vending terminals that handle thousands of micro-payments every minute. Other services include DSTV subscription payments and RICA registration. Saicom Payphones, powered by Kazang, offers GSM-based community payphone services that run off the Vodacom network.The acquisition of Kazang is Paycorp’s first major transaction since private equity firm Actis acquired a majority stake in the group in November last year. This acquisition complements Paycorp’s existing suite of payment products and services and, with an established footprint across Africa, Kazang provides valuable new channels, expertise and insights to facilitate the business’s expansion further into the continent.Financial inclusion is a key strategic thrust fo for Paycorp which supplies a range of payment services to underserved rural and peri-urban areas.
Wincor Nixdorf introduces B2B marketplace for Android apps
Wincor Nixdorf will present a B2B marketplace for Android-based apps that retailers can use to manage their stores, enhance their sales and payment processes and provide value added services. A multifunctional payment tablet is the enabling technology for this innovative software platform concept. The “Aevi” portfolio – an ecosystem of integrated solution components – represents the culmination of all Wincor Nixdorf’s experience and know-how in the area of cashless payment transaction processing. Wincor Nixdorf established a new business unit, Cashless Payment Solutions, to focus on the needs of the strongly growing cashless payment market. Its Aevi portfolio comprises three solution blocks: Aevi Pay, Aevi Money and Aevi Marketplace.
Actis Acquires Paycorp
Transaction Capital advised its shareholders that all conditions precedent to its sale of Paycorp Holdings (Pty) Ltd to global private equity firm, Actis, have been fulfilled and/or waived and that the transfer of ownership has been concluded. The transaction was announced in August this year and sees Actis becoming the majority shareholder of Paycorp, one of South Africa’s leading independent payments groups. Paycorp founder and CEO, Steven Kark and his executive team, are co-investors. The deal includes the entire issued share capital of Paycorp and its subsidiaries: ATM Solutions, DrawCard and EFTPOS.
FIS Intros EFTPOS Payments Hub
Reinforcing its position as a world leader in payments switching, FIS, the world’s largest provider of banking and payments technology, announced that it has been selected by eftpos to build its new Australian payments hub. The most commonly used debit card system in Australia is eftpos and it accounts for roughly 70% of the country’s debit card transactions. FIS’ global EFT switching platform will be at the heart of the new hub infrastructure, replacing Australia’s current bilateral networks and processing millions of eftpos transactions each day across the country. The eftpos payments hub will be operational in 2014. The payments hub aims to cut costs, reduce complexity and improve efficiency.
Rototype Launches Cashless ATM
Rototype International unveiled its new ATM, the CJD 8000 Cashless ATM. Rototype’s innovation enables banks to tap into this business segment by enabling a new cashless payment transaction using existing ATM networks. With this, every merchant’s sales transactions will translate into direct deposits into their operating account – thus reducing the need of handling physical cash. Banks will eliminate cash replenishment headaches and reduce non-interest generating cash in traditional ATMs. Banks can provide the Rototype cashless ATM facilities surcharge free to the merchants’ customers while managing their business operating accounts. This strategic partnership reduces the barriers to entry for these merchants in order to conduct cashless transactions in their business.