JCB Conference
The 14th JCB World Conference held in Bali this week was a smash hit. Approximately 510 people from about 200 partner companies and financial institutions in 32 countries and territories participated in the conference.
FinTech Innovation Lab
The second class of the FinTech Innovation Lab Asia-Pacific
Accenture is open through May 31. The 12-week program helps early- and growth-stage financial technology innovators accelerate product development and gain exposure to top-level financial industry executives.
AmEx Q4 Profits
American Express reported fourth-quarter consolidated total revenues net of interest expense rose to $9.1 billion from $8.5 billion a year ago, up 7% (9% when adjusted for foreign currency translations). The revenue increase primarily reflected the previously reported gain of $719 million ($453 million after-tax) on the sale of the company’s investment in Concur Technologies. The increase also reflected a rise in cardholder spending and higher net interest income.
MasterCard MasterPass Expands Global Presence
MasterPass, now present in Singapore, eliminates the need for consumers to enter detailed shipping and card information to complete their online shopping at MasterPass merchant sites. Consumers can securely store MasterCard and other branded credit, debit and prepaid card information address books and more. This simplifies the process of completing a transaction from any connected device, particularly those with smaller screens. MasterCard is continuing to lead the transition to digital payments and deliver solutions that are better, safer and faster. Shoppers in Singapore will be the first in Southeast Asia to experience the offering which promises a simplified payment experience while protecting the user’s card and personal details. By selecting “Buy With MasterPass” as the checkout option, customers reduce the risk of exposing their personal information over potentially unsafe networks and can look forward to more privacy as their details are not shared directly with merchants.
2014 ACI Excellence Awards Showcase ePayments Innovation
ACI Worldwide announced the winners of the 2014 ACI Excellence Awards. The fifth annual ACI Excellence Awards celebrate leading financial institutions, processors and retailers for innovative and transformative uses of ACI solutions to solve real-world customer and business issues. ACI Excellence Award and Merit Recognition recipients were selected by a panel of judges comprised of ACI experts and leading global payments analysts from Aite Group, CEB TowerGroup and Celent. Winners were selected across ten categories and are based throughout the Americas, Asia/Pacific and EMEA. This year’s Excellence Award winners include:
Visa Sees P2P Payments up 89% Y/Y
Visa Inc.’s Personal Payments platform has seen 89% growth in September 2012 since the year ago period in Asia-Pacific, Middle-East, Africa and Eastern Europe.The platform, which enables consumers to send money directly to eligible Visa credit, debit or prepaid cards around the globe, is now available to an estimated 200 million consumers through 74 leading financial institutions in 18 countries. Visa Personal Payments has seen rapid adoption among financial institutions and payment service providers with ICBC Bank in China; Standard Chartered Bank, Maybank and OCBC Bank in Singapore; Alfa Bank, QIWI and Russian Standard Bank in Russia; UAE Exchange in the Middle-East,Taishin International Bank in Taiwan and ICICI Bank and, State Bank of India in India.
Maybank Deploys Tagit Mobile Banking
Maybank Singapore’s latest mobile banking app is running on Tagit’s proprietary Mobeix platform. Maybank’s mobile banking application suite offers customers account inquiries, bill payments and online funds transfers on-the-go via their mobile devices. Tagit’s platform enables dynamic changes in the app without the hassle of customers upgrading or reinstalling the app. It provides customers with an advanced user experience that is unrivalled in the marketplace. The adoption of the platform by some twenty banks in ten countries across three continents is testimony to its mainstream adoption by financial institutions. Maybank’s new mobile app also integrates personal features that will allow users to customize the loading page with their pictures as reminders of their personal savings goals.
30 Countries Added to MoneyGram’s Direct-to-Account Service
MoneyGram, a leading global money transfer company, announced today that it has added 30 countries to its direct-to-account (or cash-to-account) service for funds sent to the Philippines. Previously, the direct-to-account service was available only for customers sending funds from the United States to the Philippines. This service enables customers to send needed funds directly into…
Maybank Launches Targets New Demo with Visa Debit Card
Maybank launched its new Manchester United (MU) debit card, in conjunction with efforts to expand its partnership with the English football team. Maybank’s first co-brand debit card was unveiled and issued in partnership with Visa International as an extension of the Manchester United credit card series launched in November last year. This allows Maybank to increase its penetration in the local debit card market, where it is already the leader with a 35% market share by card base and 55% share of debit billings.
Malayan Banking Campaign Grand Prize Winner Announced
A routine task of sending money home to his loved ones in the Philippines saw Mr. Julio F Fonte Jr. walking away richer by RM50,000 when he received the Grand Prize in the Maybank “Mega Remittance Promotion” campaign. Mr. Dexter Tan, Head of Payments, Cards, Wealth & Payments, Maybank, Miss Dwikrisnawati, consolation prize winner from Indonesia, Mr. Julio F Fonte Jr, the grand prize winner from Manila, Philippines, Mr. Gulzar Ahmad, consolation prize winner from Pakistan and Mr. B. Ravintharan, Head of Cards, Wealth & Payments, Maybank. The four phase campaign was launched in conjunction with the Maybank Money Express (MME) service which started on 1 September 2011 and will run until 30 June 2012.
Maybank Partners Axis Bank for Growing Remittance Segment
Malayan Banking Bhd (Maybank) has tied-up with Axis Bhd, one of the largest private banks in India, to introduce remittance services to beneficiary accounts in that country. The new service is expected to benefit both Indian citizens working in Malaysia as well as Malaysians who have to remit funds to beneficiaries in India, which received an inward remittance of more than US$55 billion in 2009 to 2010.
Axis Bank Partners for Maybank Remittance
Axis Bank officially partnered with Malayan Banking Berhad for remitting money from Malaysia to beneficiary accounts in India. Axis Bank has signed an agreement with Maybank for offering remittance facility to India, under Maybank Money Express (MME) service. The service offers remittance for sending money to the intended Axis Bank account holders or any of the 78000 NEFT enabled branches of over 100 other banks in India.