Coinzone
CardWeb.com’s CardData database of Company Profiles today features e-commerce specialist Coinzone.
Manuel Medina-Mora
CardWeb.com’s CardExecs database of card industry movers and shakers today features Manuel Medina-Mora, Co-President of Citi overseeing Global Consumer Banking.
Banco del Bajío Implements Ingenico Terminal Tech
Ingenico announces its latest client, Banco del Bajío Bank implemented its smart terminals as part of the bank’s nationwide update and expansion of its installed base. As part of that expansion BanBajío has deployed Ingenico countertop and wireless smart terminals across Mexico to offer customers secure payment. The solutions feature the most advanced payment technologies (including NFC/contactless) and satisfy the latest transaction security requirements.
Fonetic Announces Dodd-Frank Biometrics Compliance Solution
Fonetic integrated voice biometrics capabilities into its Dodd-Frank Trading Record Keeping Compliance Solution, offering the first solution provider to utilize voice biometrics to enhance bank compliance with Dodd-Frank Title VII mandates. Fonetic’s solution captures, indexes, analyzes and extracts relevant unstructured data from all voice, email and chat interactions to create a fully-searchable database of all communications pertaining to a bank’s traders and trades. By adding biometric voice analysis, Fonetic empowers banks to verify a caller’s identity, track their interactions, and authenticate transactions based on their unique voiceprint. With even the smallest voice sample, Fonetic can scan millions of calls and cross-match voiceprints with other known criteria – such as call content – to identify the caller. Once identified, the caller’s voice becomes searchable data that banks can use to facilitate regulatory inquiries or quickly identify inappropriate trading behaviors.
Wells Fargo Offers Consumer Remittances with Fee Waiver
Wells Fargo & Company is celebrating the 10 year anniversary of its Global Remittance Services unit by offering new Wells Fargo ExpressSend customers a fee waiver on their first transfer if they enroll in the service and make their first transfer from a Wells Fargo linked account between February 1 and June 30, 2013. Wells Fargo offers remittance services to 14 countries, to which it remains committed, despite pending regulations that are causing some large banking institutions and traditional remittance companies to exit the business or reevaluate their strategy. Wells Fargo ExpressSend customers can send funds to their beneficiaries in most countries through their choice of four remittance alternatives- account to account, account to cash, cash to cash, or cash to account.
Wells Fargo Ranks #1 Consumer Remittance Services Provider
The Inter-American Dialogue released a study today naming Wells Fargo & Company a top ranking consumer remittance services provider. Wells Fargo tied for first place with two other companies, out of a field of 37. The Inter-American Dialogue is the leading U.S. center for policy analysis, communication and exchange on Western Hemisphere affairs. This after Wells Fargo announced record growth for its Global Remittance Services and reported total consumer remittance value remitted in 2011 at $1.8 billion. Wells Fargo ExpressSend customers can send funds to their beneficiaries in most countries through their choice of four remittance alternatives- account to account, account to cash, cash to cash, or cash to account.
Mastercard Launches Microfinance Business Model
MasterCard payment solutions and technology introduced its business model aimed at microfinance institutions to facilitate the entrance of new players into the financial system for the SME sector. MasterCard is looking to foster financial inclusion through this model and boost the economy of microfinance institutions in the country. It’s ultimately designed to puts at the reach of regulated microfinancial entities the necessary technology and viable investment models to enable them as card issuers. This launch represents an important development for microfinance institutions because they will be able to integrate new financial services, such as the ones offered by the big players, at a viable cost which is not currently possible given the high expenses they have to incur.
SafetyPay Granted First Patent
SafetyPay, a secure payment facilitator and clearinghouse benefiting online shoppers, online merchants and banks worldwide, announced that it has secured its first patent for intellectual property protection from the US Patent and Trademark Office. The patent (No. 3,696,981) relates to electronic payment and financial clearinghouse services allowing individual and corporation shoppers to make online purchases…
Banamex and Banco Inbursa Implement Gemalto mPayment
Gemalt digital security was selected as the technology provider for “Transfer,” the service to be offered by the joint venture between América Móvil/Telcel, Citibank´s Mexican unit Banamex and Banco Inbursa in order to turn the mobile phone into an innovative and efficient payment instrument for carrying out transfers and air time purchasing. It allows financial transactions in real time, 24 hours a day, from a mobile device through SMS messaging. América Móvil is the leading telecommunications services provider in Latin America with around 242 million mobile phone subscribers and operations in 18 countries. Gemalto is the technology provider in Mexico of Transfer´s transactional platform and is responsible for the service development, support and operation.
Banamex and Banco Inbursa Turn to Gemalto m-Payments
Gemalto digital security was selected as the technology provider for Transfer, the service to be offered by the joint venture between América Móvil/Telcel, Citibank´s Mexican unit Banamex and Banco Inbursa in order to turn the mobile phone into an innovative and efficient payment instrument for carrying out transfers and air time purchasing, among other operations. Transfer is the service that enables financial transactions in real time, 24 hours a day, from a mobile device through SMS messaging. The “Transfer” platform is based on Gemalto´s LinqUs mobile payment platform, which ensures that customers will be able to use their mobile accounts safely through different channels. It integrates in accordance with the financial and telecommunication industries standards allowing the users to perform transactions like transfers, air time purchasing and cash withdrawal from the convenience of their mobile phones.
NagraID to Showcase Payment and Identification Display Cards
NagraID Security and NagraID, subsidiaries of the Kudelski Group will showcase the world’s most advanced smartcard technology at Digital ID World and Cards & Payments Asia 2012 (booth #4G09), Suntec Singapore. The display card provides users a convenient all-in-one solution for Citizen ID’s, Secure ID’s like Corporate ID’s, e-Online loyalty cards, and Banking use applications.…
Wells Fargo Expands Remittance Network
Wells Fargo & Company expanded its ExpressSend remittance network in partnership with Banco Azteca financial services company of Grupo Elektra. This allows Wells Fargo to extend its consumer remittance payout network distribution to Banco Azteca and Elektra’s 2,461 locations in Mexico, Guatemala, Honduras and Peru. Wells Fargo ExpressSend customers now have more than 40,200 remittance payout locations to send money to 15 countries in Latin America and Asia. In 2011, the total value Wells Fargo remitted was more than $1.8 billion.