China’s Alibaba Group has ankled two managing directors for its European expansion. Sébastien Badault is now the managing director of Alibaba Group France, and Terry von Bibra is now managing director of Alibaba Group Germany.
US-based Verifone has inked an agreement to acquire InterCard AG, a top Payment as a Service provider in Germany. The combination of Verifone and InterCard in Germany creates a point of sale terminal and multichannel Payment as a Service provider capable of offering merchants secure, simple and innovative end-to-end payment and commerce solutions.
Giesecke & Devrient has ankled Prof. Klaus Josef Lutz as Chairman of the Advisory Board and Supervisory Board. Also, added to the G&D Supervisory Board and Advisory Board is Achim Berg. Up until the middle of this year, he was the Chairman of the Management Board at arvato AG, a member of the board of management for Bertelsmann SE, and a member on the Supervisory board for the RTL Group.
Scandinavian Airlines will formally accept online ticket purchase of UnionPay cards before the end of the summer. It will join hands with many European airlines like Air France, KLM Royal Dutch Airlines, Deutsche Lufthansa, Finnair, LOT Polish Airlines, and Ukraine International Airlines to accept UnionPay.
CardWeb.com’s CardData database of Company Profiles today features Wirecard.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Dr. Markus Braun, Chief Executive Officer and Chief Technology Officer of Wirecard AG.
Western Union expanded its global relationship with UAE Exchange, an international money transfer retailer, from North Africa and Middle East to securing retail presence in 16 major city centers in the United Kingdom, Ireland, Germany & Netherlands.
Munich PAY.ON is planning to integrate Cardinal’s Consumer Authentication solution into its platform. The solution will connect Cardinal with over 100 of PAY.ON’s payment service provider clients serving more than 50,000 merchants worldwide.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Andy Mattes, President and Chief Executive Officer of Diebold. The Company is a global leader in providing innovative self-service technology, security systems and related services.
Big data is full of hype and it’s hard for IT leaders, especially payments companies, to know how to exploit its potential. A new report dispels five myths and concludes IT leaders need to cut through the hype and confusion, and base their actions on known facts and business-driven outcomes.
Giesecke & Devrient secure payment products and solutions developed and deployed an EMV solution that allows a debit card to meet Durbin Amendment requirements while supporting bank, merchant and consumer needs. As an active member of the Smart Card Alliance’s EMV Migration Forum (EMF), G&D was an integral force in these discussions. Following the EMF’s recommended solution and leveraging decades of experience in developing highly secure payment products, G&D’s EMV debit card products and services offer the most advanced payment deployment, providing extensive functionality to support all of the latest specifications from the major payment brands. A chip embedded in a card serves to provide a higher level of security when compared to present-day magnetic stripe only cards, protecting cardholder data and information stored on the chip. Unlike static magnetic stripe cards, chip cards contain an operating system and support dynamic authentication. Every transaction requires new values produced by the chip to be delivered. Utilizing chip card technology will be seamless to the customer, though they will now be able to execute EMV transactions using a debit card.
Wirecard AG integrated its Bluetooth low energy (BLE) technology- “Bluetooth BLE Smart Payment”- into its mWallet platform as an additional payment technology service. BLE is the third contactless payment standard to be supported by Wirecard’s mobile solutions. The operating systems of modern smartphones enable innovative ways of ensuring customer loyalty and processing payments. Wirecard will present its first showcase using Bluetooth low energy at this year’s Hubert Burda Media Digital Life Design (DLD) Conference, which will be held in Munich from 19 to 21 January 2014. Wirecard is implementing this project in conjunction with its partners Deutsche Telekom and Orderbird, a company that offers cashier systems for restaurants.