CardWeb.com’s CardExecs database of payments industry movers and shakers today features Udi Mokady President and CEO of CyberArk.
The Citi Mobile Challenge in Asia Pacific is coming next month. It is part of Citi’s drive to foster digital and mobile innovation in banking. Registration for the Challenge will begin on August 19, and selected participants will demonstrate their concepts at events in Bangalore, Hong Kong, Singapore, and Sydney.
The latest part of Citi’s global Digital Acceleration is underway with the launch of Citi Mobile Challenge in Europe, the Middle East and Africa.
Vital to the 30-year Jerusalem-Tramway contract is a reliable fare
collection system. A significant shareholder in the contract is Alstom
and has appointed ACS to supply the new fare collection system. The
contract stipulates that ACS will build, operate & transfer (BOT)
control of the tramway system over a period of 30 years. In doing so,
ACS will supply a complete ticketing system for the Jerusalem tramway.
This project is the third large-scale project crowned with a powerful
system that ACS has won in early 2007. ACS employs 58,000, supporting
client operations reaching 100 countries.
T.V.G. Technologies has moved its smart card manufacturing facilities to Har Ha’hotsvim, a high tech park suburb of Jerusalem. TVG is a developer and manufacturer of smart card solutions, including readers, cards, and software applications with over 8 years of pioneering R&D efforts in the smart card industry. TVG has developed a substantial suite of smart card hardware and software technologies, offering complete end-to-end solution for secure tracking and transfer of financial transactions and secure information. Applications include online banking and financial transactions, e-commerce, secure data base access, data storage, and e-cash, among others.
Alliance Data Systems has selected Ruder Finn as its public relations agency of record.
Jerusalem-based -T.V.G. Technologies Ltd. is supplying tens of thousands of smart-cards for a project to encourage tourism in Jerusalem. The smart-cards will be programmed to provide discounts to tourists at hotels and other tourist attractions, as part of a multi-million dollar subsidies program for the tourism industry in Jerusalem. TVG will supply smart-card read/write systems and programming services in addition to the smart-cards, generating revenues of several hundred thousand dollars over a period of 3-5 years.
Atlanta-based BabyMint has signed an agreement to acquire the assets and loyalty rewards program of the NestEggz division of Nuvisio for $4.5 million cash. The NestEggz loyalty rewards program enables consumer products companies (CPGs) to broadly distribute fraud-protected coupons online. Kellogg USA, Kimberly-Clark, Mott’s, Clairol, Fleischmann’s, Birds Eye, GlaxoSmithKline, Georgia-Pacific, and Borden Foods were among the first to promote their products online using NestEggz when it launched in April 2001.
MA-based Cerylion has launched BuyCell, a new, mobile payment service that integrates POS devices and the e-Wallet services of major cellular carriers, enabling restaurant and hotel patrons to make payments using their mobile phone or other handheld device without divulging credit card information. Cerylion’s technology provides each individual user with a secure mobile Webspace where he or she can store and create links to personal information, such as contact lists, calendars, loyalty programs, and credit card information. When a user opts to pay using BuyCell, the point-of-sale device communicates to the credit card portion of the user’s Webspace and then sends an SMS to the user’s mobile phone, enabling the user to view a record of the transaction and approve it. Any credit card information in a user’s Webspace is stored securely behind a firewall, not on the device or the phone.
The Arab Bank — Egypt and Euronet Worldwide (NasdaqEEFT), a leading provider of secure electronic financial transaction solutions, announced that mobile banking services will be launched to the bank’s customers this month, featuring any-time, any-place access to customer account information and personalized alerts on account activity.
Arab Bank, the largest bank in the Arab region, with locations in more than 27 countries, has chosen Egypt as their first location to offer mobile banking. This solution has been deployed in conjunction with Euronet Worldwide and Click GSM, the Vodafone subsidiary in Egypt. Euronet Worldwide provides the comprehensive mobile banking software, which includes STK-based Account Access and a sophisticated event messaging solution that provides the customer with real-time alerts. Click GSM provides STK-based menus that the Arab Bank’s mobile banking subscribers can use to easily perform banking functions from their GSM telephones.
Arab Bank — Egypt is launching both STK-based Account Access and Event Messaging services. Account Access enables a customer to query their bank for account information, such as a balance or a ministatement, or to perform functions, such as an intra-bank transfer, even across different currencies. With Event Messaging, the bank communicates directly with the customer by sending account activity alerts, such as notification of deposit or of debit or credit card transactions. Additionally, the bank can send messages to clients, advertising new services or notifying them that cards are being delivered.
“We are thrilled to work with Euronet to implement Mobile Banking,” said Mr. Atef Sono, Arab Bank — Egypt Vice President, Management & Information System Manager. “Euronet’s quick-to-market solution enabled us to be one of the first banks in Egypt to provide mobile services to our customers. This distribution channel enhances our existing electronic touchpoints and helps differentiate us from our competitors. The professional, dependable and timely service is why we are discussing with Euronet Worldwide the roll out of such system in the rest of the Arab Bank branches all over the world.”
“The Arab Bank — Egypt is a great partner for a mobile banking project, because of their dedication to providing unique and progressive financial services to their customers,” said Michael Brown, Euronet Worldwide Chairman and CEO. “It helps us increase our electronic transactions volume across the Middle East. In addition, the proliferation of wireless devices provides the financial services industry one of the most exciting opportunities ever to really connect with their customers and provide them with real-time banking.”
About Euronet Worldwide
Euronet Worldwide is an industry leader in providing secure electronic financial transaction solutions. The company offers financial payment middleware, financial network gateways, outsourcing and consulting services to financial institutions and mobile operators. These solutions enable their customers to access personal financial information and perform secure financial transactions — any time, any place. The company has processing centers located in the United States, Europe and Asia, including owning and operating the largest independent ATM network in Europe. Euronet was recently ranked number two on the Deloitte & Touche Technical Fast 500, a ranking of the fastest-growing technology companies in North America. With corporate headquarters in Leawood, Kansas, USA, and European headquarters in Budapest, Hungary, Euronet serves more than 200 clients in 60 countries. Visit our web site at www.euronetworldwide.com.
About The Arab Bank
The Arab Bank, which started operations in Jerusalem in 1930, is now a leading international financial institution with more than 378 branches worldwide, and has a consistent record of profitability and an unequalled reputation for prudence and reliability. Its growth has taken place against a background of continuing political change throughout the Middle East. The Arab Bank has been affected by almost all the crises and changes in the area while never allowing them to deter it from its chosen role in supporting the development of the economy of the Arab community.
Contactless smart card technology provider OTI announced this week it has been granted a contract award for the delivery of a smart campus program to Hadassah College, Jerusalem. The implementation of OTI’s smart campus program at Hadassah is the company’s first project that combines OTI technology with campus card solutions provided by its recently acquired German subsidiary, InterCard GmbH Kartensysteme. Starting next month Hadassah College will implement OTI’s contactless, microprocessor-based smart card system to automate the student registration process, control computer lab access, track attendance in classrooms, and automatic vending and copying machines will be added at a later stage. OTI, listed on Germany’s Neuer Markt since August of last year, has produced US$6.0 million in sales during the first half of 2000.
Bank of Montreal and newspaper publisher Hollinger International unveiled the ‘canada.com MasterCard’ yesterday. It is the first co-branded credit card in Canada geared specifically for the online shopper. Canada.com is an Internet portal and home of a Canadian online shopping mall. Cardholder benefits include free delivery or 10% off the retail price of goods purchased online at participating online retailers and the opportunity to earn ‘AIR MILES’ on every card purchase. Bank of Montreal is offering customers a choice of interest rate, annual fee and loyalty program. Cardholders may choose from a no fee MasterCard with an 18.40% interest rate, or a 13.9% interest rate MasterCard with a $15 annual fee. Cardholders can also opt for the ‘AIR MILES’ rewards program. For the 18.40% card with ‘AIR MILES’ the annual fee is $35. The lower 13.90% card with ‘AIR MILES’ requires a $50 annual fee instead of the basic $15 annual fee. Consumers may apply online for the new cards. Hollinger International Inc., which owns canada.com, also owns 74 paid daily newspapers including the Chicago Sun-Times and the Ottawa Citizen and National Post in Canada.