Latin America’s payment pioneer, YellowPepper, has ankled Mohammad Khan, former president and founder of ViVOtech as Chairman. Prior to founding ViVOtech in 2001, Khan held various leadership positions at Verifone, the global leader in secure POS solutions, which he joined in its early stage in 1983.
SimplyTapp Host Card Emulation (HCE) solutions for mobile payments announced Mohammad Khan has been named to its Board of Directors. Mohammad Khan co-founded ViVOtech in 2001, the early leader in contactless and Near Field Communication (NFC) mobile payments. As its President and Board Member, Khan paved the road for mobile payments by shipping more than one million NFC POS terminals to a wide variety of brand name merchants around the world. Khan and the team also ran multiple successful field trials globally for mobile payments, offers, and loyalty programs confirming to the industry that consumers liked using their mobile devices to shop, save and pay at physical stores. Prior to ViVotech, Khan worked at VeriFone for 15 years joining in its infancy days, and contributed in making magnetic stripe and smart cards to be the leading payment medias for the industry globally.
MasterCard launched a Reloadable Hajj Prepaid Card Premier Bank Bangladesh Ltd for pilgrims and Hajj Agencies. Premier Bank Ltd is a top issuer of prepaid cards for Hajj pilgrims & Hajj Agencies in the country. It has branches across the country including all major cities like Dhaka, Chittagong, Cox’s Bazar, Sylhet, Comilla, Rajshahi, Rangpur. MasterCard Reloadable Hajj & Travel Prepaid cardholders will enjoy some exclusive benefits while using the card. Present at the event were honorable Secretory, Ministry of Religious Affairs, Chairman, Parliamentary standing committee for Ministry of Religious Affairs, , President & General Secretary of Hajj Agencies Association of Bangladesh (HAAB), Dr. H.B.M. Iqbal, Chairman, Premier Bank, CEO & Managing Director, Independent Director, Additional Managing Directors & Deputy Managing Director of Premier Bank, Vikas Varma, Area Head, South Asia, MasterCard, Syed Mohammad Kamal, Country Manager, Bangladesh and other senior Officials from MasterCard & Premier Bank.
MasterCard announced the official opening of a local representative office in Dhaka, Bangladesh. The first in the industry to inaugurate an office in Bangladesh, MasterCard marked the occasion with an opening ceremony, which was graced by Guest of Honour Atiur Rahman, Governor of Bangladesh Bank as well as Nurul Amin, Chairman of Association of Bankers, Bangladesh (ABB). Also present at the ceremony were Ron Garrow, chief human resources officer, MasterCard; Ari Sarker, division president, South Asia, MasterCard; Vikas Varma, area head, South Asia, MasterCard; and Syed Mohammad Kamal, country manager, MasterCard Bangladesh; among other MasterCard executives, members of the media, as well as local and international banks and financial institutions. This is based on the growth potential of the market driven by the growing middle class and e-commerce. Situated in the heart of Gulshan, Dhaka, the Bangladesh office will be headed by Syed Mohammad Kamal, country manager, MasterCard Bangladesh.
ElectraCard Services (ECS), a leading provider of software and processing solutions for electronic payment systems announced the go-live of Islami Bank Bangladesh Limited (IBBL), with the new electra iTx series suite. ECS ensured that the migration of debit cards and ATMs from legacy platform onto the electra platform was executed in a span of only 4 weeks — making this one of the fastest EFT switch migration. The electra iTx series platform is a next generation PA-DSS certified secure transaction platform, built from the ground-up on open standards and industry best-practices to support the service oriented architectures (SOA) that are fast becoming the technology backbone of today’s leading organizations. This is a game changing technology that allows the user to control their application and EFT environment. It also helps to reduce the time to market for integration and to roll out new services.
MasterCard announced the appointment of Syed Mohammad Kamal as country manager for Bangladesh and Mohammad Anwar Hossain as director, business development to reaffirm its commitment to South Asia. The decision to build a stronger presence locally has come about in part to the rapid development and industrialization the country has been seeing over the last few years and the promise of further growth which could be achieved through a more robust electronic banking and payments system. Kamal will be based in Dhaka and report to Vikas Varma, area head, South Asia, MasterCard Worldwide. He will be tasked with executing MasterCard’s strategy in Bangladesh, working closely with partner financial institutions, merchants and regulators.
Payza, one of the largest payment platforms for e-commerce, corporate disbursement and remittances, announced that it has partnered with Intelligent ID (IID), a powerful user activity management system, which will further enhance Payza’s ability to perform real-time identity verification of its members in the United Kingdom. It is also a critical requirement to conduct anti-impersonation and anti money laundering (AML) checks to ensure Payza is engaging with the “true” individual and that the individual has not previously been exposed to sanctions or corruption. IID utilizes global sanctions, law enforcement and regulatory watch lists to screen all applicants.
Chase Paymentech launched its new “Future Proof” terminal, allowing merchants to accept current and quickly emerging forms of customer payments all in one streamlined device. Accepting EMV (Europay, MasterCard, Visa) chip cards, as well as phone-based mobile wallets and other forms of contactless payment – while maintaining a commitment to security, convenience and the current value of traditional card acceptance, the Future Proof terminal is available through Chase’s bank branch network and at www.chasepaymentech.com and is designed for a wide variety of merchants and offers unmatched flexibility in payment acceptance. Merchants can now accept- in addition to magnetic-stripe payment cards- EMV-enabled chip cards, which are less susceptible to counterfeit and other forms of fraud, offering greater security and more streamlined processing; mobile wallets, which will help businesses in the future establish two-way communications with customers, building loyalty and unlocking new business opportunities; and Contactless payments.
ViVOtech NFC software and systems has been honored with the 2012 Frost & Sullivan Product Line Strategy Award in Contactless Mobile Payment for its superior product line and overall market strategy. According to the report, ViVOtech delivers “the key building blocks of the NFC ecosystem,” including smart applications for enhancing the customer experience, trusted service manager (TSM) software, interactive marketing platform and point-of-sale systems, allowing consumers to enjoy an interactive and informed shopping experience in physical stores so that they can purchase the right product at the right price, while consumers are empowered with a full control of opt-in. On the other side, ViVOtech’s solution provides a powerful and personalized marketing channel to merchants, card issuers, consumer product group (CPG) marketers and other advertisers to influence their respective customers through sending coupons, offers, and rewards to consumers based on who they are, where they are, and what their interests are when they opt-in through a simple touch of their NFC phone on touch points like at the entrance of a store for check-in or at a shelf-tag to get more information on a specific product. In result, the most relevant and contextual information and marketing messaging are provided to consumers, resulting in high traction and redemption rate for an efficient marketing channel.
Islami Bank Bangladesh Limited has opened the 100th own ATM booth and is serving the clients with 100 own and 180 shared ATM booths. The bank recently signed an agreement with BRAC Bank through which clients of IBBL will get transaction facilities through more than 500 Omnibus ATM booths, the company said.
SelectCore prepaid telecom and financial services transaction processor for the unbanked consumer market now has plans to expand to the Middle East market, pursuing transaction processing and licensing partnerships for its proprietary “PrepaidONE POSA” solution and mobile remittance platform. The Company’s expansion efforts will be led by Mohammad Abu-Leil who has accepted the new role as Executive Vice President of International Business Development and will oversee operations in the new Jordan-based offices. He will continue to manage key Distribution accounts in Canada and will be responsible for future expansion into other international markets. SelectCore transaction processing and POS solutions for the prepaid telecom market and financial services sector concentrates on prepaid mobile top-up to stored-value cards for the millions of underbanked and credit-challenged consumers through its retail distribution network across Canada and the United States.
ViVOtech NFC software and systems company is now a Google Wallet partner and is being used by Google to give Android phone owners ability to make payments and take advantage of real-time in-store offers and loyalty programs at the POS. ViVOtech has worked with Google, merchants and POS software vendors to provide integration between NFC POS readers and current POS software. ViVOtech’s solutions combined with Google Wallet enable one-touch technology for redeeming coupons, participation in loyalty programs, and making payments. ViVOtech’s installed base of more than 800,000 readers covers merchants in 35 countries, including 20,000 taxis throughout the U.S. and all taxis in New York.