Deal done – PayPal has completed its acquisition of Xoom. With Xoom, PayPal has access to 1.5 million active U.S. customers that sent approximately $7.1 billion in the 12 months ending on September 30, 2015 to people in 40 countries such as Mexico, India, the Philippines, China and Brazil.
Sionic Mobile has ankled Spencer White as Chief Operating Officer and EVP Business Development. With more than 25 years experience, White co-founded Softcard (the AT&T, Verizon and T-Mobile mobile wallet joint venture – formerly Isis) whose technology was recently purchased by Google.
Consumers now making Western Union transactions at kiosks in over 7,600 Walgreens and Duane Reade locations nationwide also have the ability to utilize the Apple Pay service.
AJB Software Design integrated payment solutions launched its “FIPay Mobile” mobile payment application that allows Android and iPhone users to pay for gas purchases using their mobile phones while remaining in their car. It provides petroleum retailers the opportunity to attract new mobile-savvy consumers by deploying customized mobile applications without the need to make new investments or changes to their POS infrastructure. AJB unveiled the first mobile payment application in the Canadian Petroleum industry, through a successful pilot deployment at Hughes Car Wash, a Petroleum & C-Store retailer, based in Edmonton, Alberta. Consumers can now pay for gasoline and car washes with their mobile devices at the Hughes Car Wash flagship location in Edmonton, with plans to roll out the solution to additional locations over the next year. AJB’s “FIPay Mobile” is responsible for integrating with the PIN pad device and fuel pumps in the petroleum sector and is PCI-compliant through Cogeco, a PCI-DSS validated service provider.
Android tablet users can now manage their money and visualize their spending on interactive graphs with the new Mint.com personal finance app. This brings the Mint.com service into the hands of Android tablet users, and transforms their transactions into easy-to-read graphs for a clear picture of their overall spending by category or by date range and a better understanding where their money is going. Mint.com’s mobile portfolio now includes apps for both smartphones and tablets on iOS and Android platforms, providing on-the-go access to its nearly 8 million Web and mobile users. One tap gives users a complete overview of their finances; helps them review account balances and automatically categorizes transactions. They can also enter cash transactions while on the go to more accurately capture spending.
mopay payment solutions for online merchants announced its new payment service customized for online dating services. Adapting mopay’s established fast, secure and easy-to-use payment method, users of online dating and matchmaking platforms are able to purchase single or subscription services and have them billed directly to any available telecommunications account. mopay is closing deals with several leading international online dating sites and the first customer wins will be announced shortly. Building on its success in the gaming sphere, mopay has now adapted its solution to fit the online dating industry’s needs. mopay will now be able to handle both single and recurring payments up to fifty dollars for premium services on any online dating platform.
GoPayment users can soon easily accept credit cards on a mobile device with the GoPayment app and a newly-designed, free credit card reader. Intuit announced that it plans to take its free GoPayment mobile credit card app and card reader hardware global, providing small businesses and anyone who sells products or services with one of the first ways to easily and affordably accept credit card payments on an iPhone, iPad or iPod touch device. Intuit will also begin shipping a free, newly-designed GoPayment Card Reader, offering a compact, cylinder-shaped device that helps maximize sales with new features that increase the accuracy of each card swipe.
Hanvit Bank, South Korea’s second largest bank, has launched a robust,
scalable, and feature-rich mobile banking service backed by technology from
724
Solutions, the two companies announced today.
Available to Hanvit Bank’s one million-plus online banking customers over the
LG and SK Telecom networks, the mobile banking service marks a first by
supporting their banking business in either Korean or English. The services
available to Hanvit’s customers include checking account balances, viewing
transaction histories, arranging credit card cash advances and initiating
funds
transfers from other bank and credit card accounts.
“Hanvit Bank has long been recognized as a leading innovator in electronic
banking services in the South Korean market, and we strive to maintain that
leadership position by offering innovative services,” said Mr. Yoo, General
Manager of e-Com Center, Hanvit Bank. “We recognized that the ability to offer
a robust mobile banking solution that is localized for the Korean market was
key to our success in this competitive marketplace, and 724 Solutions had the
technology, expertise, and local relationships to make that happen for Hanvit
Bank.”
Mr. Yoo went on to say, “By building an independent platform to international
standards while basing it upon a secure and stable system, Hanvit Bank has
become the Korean leader in mobile banking. Hanvit Bank has finished all
preparations for its ‘Hanvit Bank in my palm’ service, allowing Hanvit Bank to
be with its customers anytime, anyplace and securing its premier position in
the mobile banking business.”
Using 724 Solutions’ award-winning technology and the market expertise of its
local partners Koreadotcom and FutureGroup, Hanvit Bank was able to deploy a
mobile banking solution that speaks to South Korea’s mobile-savvy customers
and
can easily scale to meet the demands of this growing market. With 29 million
mobile phone subscribers — representing 63 percent of the population —
and 19
million mobile data users, South Korea has one of the highest adoption
rates in
the world according to the Korean Ministry of Information and Communications.
“Hanvit Bank’s mobile banking solution launch caps a very busy year for our
two
companies,” said John Sims, Chief Executive Officer, 724 Solutions. “The work
we’ve done with Hanvit was accomplished in large part thanks to the local
partnerships we forged, such as the one announced last month with Koreadotcom
to build a wireless application development platform for the South Korean
market under the iMobile5 banner. Today’s announcement is exciting for us
because of the mobile footprint it marks for our company in this fast-growing
market, and because it reinforces our strategy of leveraging our global
partnerships to help our customers get up-and-running with the best mobile
solutions for their respective markets.”
Hanvit Bank plans to make its mobile banking service available to customers on
the KT Freetel network by end-of-year. Earlier this year, the bank rolled out
its aggregation service eClips — based on technology from 724 Solutions — to
its online customers, and to date, more than 18,000 have signed up for the
service.
About Hanvit Bank
Hanvit Bank, created from the merger of The Commercial Bank of Korea and Hanil
Bank on January 4, 1999, is the Republic of Korea’s largest commercial bank in
terms of total assets at more than 100 trillion won and offers a full range of
banking services and products for both individuals and corporations. Hanvit
offers banking services for both the domestic and global markets. It counts a
customer base of 11 million.
About Koreadotcom
Koreadotcom is a full service e-business operating company that delivers
integrated strategic, technology and operational services to clients and
partner companies in the Korean market. By mobilizing corporate, financial and
technology partnerships, Koreadotcom seeks to act as a gateway for global
companies seeking to enter Korea as a prototyping ground and to accelerate
Korea’s superior technology assets into great companies.
About 724 Solutions Inc.
724 Solutions Inc. (Nasdaq:SVNX) (TSE:SVN) is a leading provider of mobile
Internet infrastructure software and applications. It makes m-business happen
globally by powering the delivery of secure mobile transactions for financial
institutions and mobile operators. With dual headquarters in Toronto, Canada,
and Austin, Texas, the company has development and sales offices around the
world. For more information visit
http://www.724.com.