With huge influx of new payment solutions into the industry, both opportunities and challenges for merchant acquirers have reached a new level. There is paradigm shift from conventional services, such as accepting mag-stripe debit/credit cards, and mail and telephone orders, to new acceptance channels as a result of e-commerce/m-commerce, contactless technology, mPOS and omni-retailing.
Oberthur Technologies says brand new Lenovo smartphones will be equipped with its state-of-the-art NFC embedded Secure Element (eSE). Thanks to this very first partnership between OT and Lenovo, OT’s advanced eSE PEARL by OT will allow Lenovo to offer secure and convenient mobile payment and transport services.
The Payment Alliance International (PAI) and CardFlight have inked a deal for EMV mobile POS (mPOS). PAI will offer CardFlight’s EMV mPOS acceptance solutions to its market partner distribution network and merchant customers nationwide.
Samsung Electronics has buddied with France-based Oberthur Technologies to deploy Samsung Pay in Europe later this year. The Samsung Pay service will allow Samsung Galaxy S6 and S6 Edge owners to use their smartphone for contactless payments.
Wirecard has inked CIMB Bank Singapore with a partnership agreement to offer a complete merchant solution to businesses in Singapore leveraging their respective core expertness.
Detroit-based International Bancard has ankled Kimberly Tippin as its Vice President of Operations. Tippin brings 20 years of experience to the company’s client service team.
Fusion Network and Mobile Strategy Partners have teamed to integrate MSP Account Opening with ClickSwitch. The combined solution affords leading financial institutions seamless support for acquiring new accounts and relationships from shopping through switching.
London-based SafeCharge has signed an agreement to provide payment processing services to leading Hong Kong games developer JoyFun.
Malauzai Software has seen significant growth in banking via the smartphone camera in the first half of 2014. Usage of mobile banking features such as mobile remote deposit capture and mobile photo bill pay has increased as smartphone cameras have advanced in functionality.
Alliance Data Systems private label credit card loans soared double digits in the second quarter. The ADS Epsilon unit was up 8% year-on-year. The ADS LoyaltyOne segment now consists of the AIR MILES Reward Program in Canada, the recently acquired BrandLoyalty, which operates primarily in Europe and a new JV with dotz in Brazil.
Alpha Payments Cloud announced that Sandra Green and Matt Williamson have joined the company to further develop their growing portfolio of international accounts. Sandra and Matt bring with them a wealth of over twenty years in corporate account experience, joining Alpha Payments Cloud from Experian and Transaction Network Services, respectively. Sandra joins Alpha Payments Cloud from Experian, where she headed up the company’s overall global strategy and led the sales teams for eCommerce and Gaming. Matt joins Alpha Payments Cloud from Transaction Network Services, where he ascended through the ranks and played integral roles both in the North American and Asia Pacific regions.
Gemalto has supplied its UpTeq Multi-tenant SIM embedded software and product to Kyivstar, the leading Ukranian mobile operator, supporting the country’s first ever contactless payment via a mobile phone. Working in conjunction with Kyivstar, Alfa Bank’s pilot paves the way for a full commercial launch of NFC mobile payments across Ukraine. Kyivstar is the Ukrainian business unit of VimpelCom Ltd, with a total customer base of over 25 million subscribers. The UpTeq SIM design incorporates a unique multi-tenant architecture that facilitates simple and fast on-boarding of new service providers to create a compelling value proposition for mobile operators, banks, transit and loyalty schemes.