China UnionPay, the national bankcard association in China, reached a number of milestones in 2013 and is now accepted in more than 140 countries and regions and covering more than 10 million POS terminals and 1.1 million ATMs outside of China. Over 24 million UnionPay cards have been issued in about 30 overseas markets. Among major developments last year: The first UnionPay card was issued in Africa; the first time UnionPay has come into cooperation with an international tourism retail group; the first UnionPay credit card is issued in North America; the first time that CUP has cooperated with a local institution in Nigeria to expand the acceptance of UnionPay cards on a large scale; the first UnionPay debit card issued in Australia; and the first UnionPay travel card outside China is issued in Singapore.
MoneyGram money transfer announced customers in China can now cash out money transfers from Australia in Australian dollars at any Bank of China (BOC), CITIC Bank or Industrial and Commercial Bank of China (ICBC) branch location. The addition of Australian payout service, available at all 9,755 BOC; 1,858 ICBC; and 450 CITIC Bank branch locations offering MoneyGram services, are offered free of currency exchange fees for Australian customers sending money to friends and family in China since the transactions involve Australian dollars at both the sending and receiving location. For customers in Australia, MoneyGram is currently offering a $16 Australian dollar flat fee for any amount up to $10,000 US dollars from now until January 2, 2013.
The UAE Exchange inaugurated its 600th branch globally, in Dubai. This as the UAE Exchange expanded its network in Asia, Africa and Europe by commencing operations in China, Malaysia, Ireland, Botswana, Seychelles, Kenya and Morocco. UAE Exchange offers technologically backed high quality services like Xpress Money, the favourite global instant money transfer service with over 135,000 payout locations in more than 125 countries; FLASHremit, the real-time bank account credit service; Money2anywhere.com, the convenient online money transfer portal by which money can be sent to any corner of the world in just a few clicks from an internet environment anywhere; Smart Pay, the leading payroll solution; gocash, the prepaid travel card; and XPay, the online bill payment service using mobile phone.
PrepaYd Wireless Wireless Service Provider entered a Service Agreement with Emida Technologies. With this Emida will be distributing PrepaYd Wireless’ products and services through its US distribution channel. Emida’s transaction software provides Carriers automated methods of dispensing prepaid products and services and provides PrepaYd Wireless with access to Emida’s expansive network of distribution partners representing thousands of points of distribution. Emida supports a network of more than 46,000 retail points with an annualized dollar payment volume in excess of $1.4 billion, processing more than 180 million annualized payment transactions.
Prepaid Solutions has signed contracts for its “OceanPay” maritime payroll product with International Cruise Management Agency (ICMA), Apollo Ship Chandlers and The Image Group. The “OceanPay” proprietary, comprehensive payroll solution is designed to mitigate the unique challenges and concerns of existing payroll processes faced by the maritime industry. The fully turnkey solution provides currency exchange and money transfer services, companion cards, on-board card printing and encoding and free Internet connectivity.
Mozcom PayEasy Online Payment System has partnered with Dragonpay to offer online payments to its e-commerce merchants via bank payments. As an alternative payment start-up that offers payment options, Dragonpay provides greater security and convenience than traditional methods like credit cards. By utilizing the Philippine bank network and non-traditional outlets like convenience stores, remittance centers and pawnshops, Dragonpay provides a greater reach to the local potential market given that the Philippines has a very low penetration of credit cards. Buyers can make an online purchase, and carry out the payment by going to a physical brick-and-mortar outlet like a bank or a convenience store.
Trustwaveâs “SpiderLabs” advanced security team responsible for incident response and forensics, penetration testing and application security and security research has joined the Forum of Incident Response and Security Teams (FIRST). FIRST is a non-profit organization and recognized global leader in incident response, membership in which allows incident response teams to more effectively respond to security incidents by providing access to best practices, tools, and trusted communication with member teams. Trustwave will participate with other FIRST member teams to provide information exchange and cooperation on issues such as new vulnerabilities and common attack techniques. FIRST members have resolved an almost continuous stream of security-related attacks, handling thousands of security vulnerabilities affecting millions of networks throughout the world.
OKI Data and Renesas Technology have signed agreements for the
acquisition of the Gunma Development Design and Device Division of
Renesas Eastern Japan Semiconductor front-end process line. OKI Data
plans to double current LED printer sales by FY2011 by increasing the
scale of its LED production operations in transferring to the new
Renesas facility by April of 2010 and completing procedures by November
30, 2009. Additionally, the new clean room is twice the size of the one
currently in use to increase production line efficiency fourfold and is
in close proximity to OKI’s Takasaki facility printer development,
shortening product development time even further. OKI Data has
representation in 120 countries worldwide and had an annual turnover for
FY07 of 187.9 billion yen while Japan-based Renesas Technology
microcontrollers achieved consolidated revenue of 702.7 billion JPY for
FY2008 (end of March 2009) with sales operations in 16 countries.
VASCO Data Security International and HSBC Bank Brazil
have partnered to deploy integrated m-banking services for retail
customers thanks to the VASCO “DIGIPASS for Mobile”. Requiring no
additional device hardware, the “DIGIPASS for Mobile” solution allows
HSBC Bank Brazil to offer customers the fully integrated virtual
m-banking services for typical banking services, including transactions
and payments. Using a one time password generator, verified by VACMAN
authentication software using the customer’s social security number, the
solution allows financial institutions to quickly institute m-banking
services. HSBC Group is present in 86 countries while the HSBC Direct
virtual bank allows customers to select channels most convenient to
them. VASCO Internet Security provides its services to 8,500 companies
in more than 100 countries.
MasterCard will become the Official Worldwide Partner and official
payment system of Rugby World Cup 2011. The Rugby World Cup is a
prominent global property with
television coverage of Rugby World Cup 2007 spanning more than 200
territories, reaching a
cumulative audience of 4.3 billion viewers. As part of the agreement,
MasterCard secures a comprehensive rights and benefits package that allows
the company to deliver value to customer financial institutions,
merchants and cardholders, including
the ability to access “Priceless” experiences linked to Rugby World Cup
The relationship with Rugby World Cup 2011 also provides opportunities
to support a number of the
company’s strategic priorities, including reaching affluent cardholders;
a platform to capitalize on cross-border travel; driving brand affinity
as the exclusive payment provider and
global presence. The Tournament has seen broadcast coverage increase
every quadrennial, providing MasterCard with increased opportunity for
brand visibility. For
example, the most recent Rugby World Cup witnessed a 57% increase in
broadcast coverage from
5,414 hours in 2003 to 8,499 in 2007.
American Express is the presenting sponsor of the 2009 New York Times
Travel Show. The sixth annual New York Times Travel Show will be held
Feb. 6 to 8 in the Main Hall of the Jacob K. Javits Convention Center in
New York City. The largest
consumer and trade travel event of its kind in the United States, the
Travel Show will feature nearly 500 exhibitors representing more than
100 countries and will focus on travel destinations, packages and
special offers, as well as tour operators, cruise lines and live
entertainment for the whole family. The event will showcase a variety
of travel and vacation opportunities for consumers of all types: those
traveling solo, as a couple or taking the whole family; those looking
for budget or luxury trips; and those looking for relaxation and
wellness trips or seeking adventure travel. The common thread will be
the opportunity for consumers to book any type of vacation during the
show, taking advantage of all the special on-site promotions that
provide the most value for their travel investment.
American Express entered the travel agency business in 1915 and today is
one of the largest travel agency networks.
The Western Union Company has recently re signed multi-year remittance
agreements with Universal Storefront Services Corporation, e-Business
Inc and PETNET Inc. In addition, WU has signed remittance agreements with
3 new agents including Direct Agent 5 Inc., JP Tambunting pawnshops and
EMCOR Incorporated. The Philippines is the fourth largest receiver of
remittances in the world with projections to reach over $14 billion by 2008
with over 8 million Filipino workers abroad. Western Union has over 312,000
Agent locations in over 200 countries and territories around the world.