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.
CardWeb.com’s CardData database of Company Profiles today features YapStone.
The first bank to launch dual Interface payment cards in Sweden is underway. Oberthur Technologies (OT) and ICA Banken will distribute 500,000 cards to ICA Banken customers in the coming months.
Sweden’s ICA Gruppen is launching contactless card payments. The launch means that during 2015 ICA Bank’s over 500,000 card customers will be sent a new bank card adapted for this technology.
Financial alerts have the potential to enable convenient, safe and
profit-generating interaction between financial institutions and their
customers, but changes must first be made. Seven flaws that slow the
adoption of alerts, according to a new report from Javelin Strategy &
Research, have numerous hurdles to overcome. The report, “Financial Alerts
in 2010: Addressing Seven Critical Flaws is Essential to Building Alerts
That Attract, Enrich and Keep More Customer Relationships,” demonstrates
the alerts are difficult to set-up and tailor due to delays in alert-notification
delivery; a lack of actionable response capabilities; an absence of
integration with other financial institution services; a lack of alerts
that address the most significant fraud risks to consumers and small
businesses and inadequate education and marketing for alert availability
and usage. In response, Javelin suggests defaulting customers
into alerts; recommending alert starter bundles to new and existing
customers, enabling customers to set or tailor alerts on the fly and
experimenting with predictive analytics.
Three of the major regional rail transit operators in Germany are now
using Hypercom’s “Artema Modular” unattended payment terminals with
GPRS. The Module accept both debit and credit cards and collectively
speed ticketing in more than 370 trains for over 200 million commuters
per year. The installation was recently completed at the key transit
hubs, for which Hypercom teamed with leading system integrators Atron
Electronic and ICA Traffic. “Artema Modular” was first introduced at the
end of 2005 and is currently deployed in Europe, the Middle East, Asia
Pacific and North America. Hypercom payment technology delivers a full
suite of high security, end-to-end electronic payment products and
services across more than 100 countries.
Intelligent video surveillance software provider Aimetis
announced that its
surveillance platform, “Aimetis Symphony” played an instrumental role in
thwarting a card skimming scam. A false
keyboard and card reader had been mounted on top of the regular keyboard
at one of the checkout registers at an ICA Maxi Superstore in Partille,
Sweden. The card reader was connected to a wireless transmitter that
would send the swiped credit card information over a network for use by
the criminals. “Aimetis Symphony” smart search capability allowed store personnel to
search through the entire night of video footage in seconds, returning
results of potentially suspicious activity. The video clearly captured
three men entering the store shortly before closing on Sunday night, but
only two of them leaving. The video also returned extremely high quality
video images of the third man installing the high-tech skimming device
and then leaving the store just after opening on Monday morning.
MasterCard Worldwide, founded in 1966 as the Interbank Card Association, celebrated its 40th anniversary this week at its Global Technology and Operations Center in O’Fallon, Missouri. Since its founding in 1966, MasterCard has grown into a global company featuring one of the most recognizable brands in the world. It has also become a payments industry leader, serving consumers and businesses in more than 210 countries and territories around the world as a franchisor, processor and advisor. MasterCard Worldwide advances global commerce by providing a critical economic link between financial institutions, businesses, cardholders and merchants worldwide.
CyberSource has signed a deal to offer the “TeleCheck Internet Check Acceptance” service from First Data as a preferred Internet check solution for its merchants. The TeleCheck Internet Check Acceptance service from First Data is now a preferred Internet check solution for CyberSource merchants. This service provides Internet merchants access to the underserved market of customers who prefer to pay by check, and is designed to be flexible and easy to implement. Merchants can accept customer checks, using the ICA service’s proprietary fraud prevention tools and databases, which reduce merchant risk through real-time authentication, account number screens and identity-based check writer files.
SchlumbergerSema reported first quarter revenue of $793 million, a 2% decline over the previous quarter, but up 12% year-on-year. Pretax operating income was $15 million, a decrease of 55% sequentially, and an increase of $14 million year-on-year. Schlumberger said that revenue for volume products of $202 million decreased 22% sequentially, but improved 1% year-on-year. The year-on-year improvement was mainly due to a 7% growth in mobilecom cards principally in North America and Europe, offset by a decline in parking terminals due to the exceptional Euro currency retrofit program that extended into early 2002. The sequential decrease reflected the seasonal drop in mobilecom activity, following telecommunications operators’ traditional Christmas campaigns coupled with reduced activity in prepaid phone cards.
SchlumbergerSema reported first quarter revenue of $793 million, a 2% decline over the previous quarter, but up 12% year-on-year. Pretax operating income was $15 million, a decrease of 55% sequentially, and an increase of $14 million year-on-year. Schlumberger said that revenue for volume products of $202 million decreased 22% sequentially, but improved 1% year-on-year. The year-on-year improvement was mainly due to a 7% growth in mobilecom cards principally in North America and Europe, offset by a decline in parking terminals due to the exceptional Euro currency retrofit program that extended into early 2002. The sequential decrease reflected the seasonal drop in mobilecom activity, following telecommunications operators’ traditional Christmas campaigns coupled with reduced activity in prepaid phone cards. For complete details on Schlumberger’s first quarter results visit CardData ([www.carddata.com]).
First Data is demonstrating this week its LinkPoint “All-In-One Terminal” which offers credit, debit, EBT, gift card services/ValueLink gift card, loyalty, purchase card, TeleCheck guarantee and TeleCheck ECA. First Data processes virtually any payment while leveraging the existing synergies between its services and subsidiaries, such as PayPoint, ValueLink and TeleCheck. These relationships enable First Data to launch the only comprehensive suite of point-of-sale (POS) solutions tailored to meet the specific payment requirements of retail merchants.