EVO Payments International has done a successful completion of the purchase of Citigroup’s merchant acquiring business in Mexico, conducted through Banco Nacional de Mexico S.A. (Banamex), a wholly-owned subsidiary of Citigroup.
Banco Nacional de México, Integrante del Grupo Financiero Banamex (Banamex), Japan’s JCB have inked a deal for a JCB merchant acquiring business in the Mexican market. With this partnership, JCB cards will be accepted at more than 70,000 Banamex merchants in Mexico starting this year.
CardWeb.com’s CardData database of Company Profiles today features Rêv Worldwide.
Banco Nacional Ultramarino (BNU) has teamed with First Data Merchant Solutions (FDMS) in Macau. This will provide merchant services and payment solutions for merchants, allowing FDMS, through BNU, to provide full service acquiring and processing. These services include point-of-sale and e-commerce services.
MasterCard and BANSEFI announced a partnership to foster financial inclusion in Mexico through the disbursement of social benefits using electronic payments. The BANSEFI MASMasterCard-branded card is part of the recently launched social support program developed by the Mexican Government.
VeriFone Systems announced that Banco Nacional de Costa Rica (BNCR) has selected VeriFone’s VX Evolution line of portable EMV and NFC capable point of sale terminals to enhance payment mobility and security for merchant customers throughout Costa Rica. BNCR’s migration to VeriFone’s VX Evolution terminals will enable its merchants to accept all types of payments”including traditional mag-stripe as well as EMV and NFC”from customers at and beyond the counter while complying with PCI 3.0 standards. The bank expects to install 14,000 of VeriFone’s VX Evolution terminals each year for the next four years to its installed base of approximately 32,000 Hypercom terminals. BNCR will install PCI 3.0 certified terminals from VeriFone’s VX Evolution product line. They include the VX 520, the VX 675 and the VX 680.
Citi is adjusting downward its 4Q/FY/13 financial results, from those earlier reported by an estimated $235 million due to fraudulent activity through its Mexican subsidiary. This will lower Citi’s 2013 net income from $13.9 billion to $13.7 billion. Citi subsequently intends to release a revised 4Q/13 Quarterly Financial Data Supplement. As of December 31, 2013,…
Ingenico payment solutions will support, along with Banco Nacional de México, Banamex, one of the leading financial institutions in Mexico, the deployment of the new contactless payment technology. After some months performing on-field tests with different technology providers, Banamex will continue with the massive introduction with the Ingenico countertop iCT220 and iCT250, portable iWL220 and the PIN Pad iPP320. Making this technology available for 30 thousands retailers and customers during 2013, this initiative will allow the retailers from the different productive sectors serving sundry segments of the population to accept over 1.000.000 contactless cards recently issued in the country.
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.
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.
GD Burti of Giesecke & Devrient (G&D) has met the security requirements for Brazilian eID cards. The high-security RIC (Registry of Civil Identity) cards have been granted certification by Instituto Nacional de Tecnologia da Informação while GD Burti has already delivered more than one million RIC cards as part of an initial pilot project. Requirements indicate the national ID cards must contain an eID application as well as a match-on-card solution for fingerprints for unambiguous identification of individuals: state authorities such as the police will be able to scan a person’s fingerprints using a portable device and compare them with those stored on the person’s ID card. Additional security is ensured by Public Key Infrastructure (PKI), which guarantees the authenticity of the data stored on the chip. The RIC card is a hybrid card containing both a contact-based and a contactless module and displays both a photographic image of the ID holder and the holder’s fingerprints are stored on the RIC card.
Gemalto digital security and ConsultorÃÂa International Banco (CI Banco) have unveiled the “Gemalto Ezio” strong authentication server and One-time Password (OTP) tokens to enhance eBanking security for CI Banco’s customers. The Gemalto strong authentication solution combines OTP tokens customized for CI Banco with the software platform to create a time-based challenge-response mechanism. This added layer of security ensures the authenticity of the Internet banking session and provides an enhanced level of protection for users when accessing their accounts or performing online transactions. The “Ezio” platform supports multiple authentication methods and allows CI Banco to strengthen its customer offer with options to expand to other types of authentication devices, including EMV payment cards, connected readers or mobile phones.