Eurasian Bank announced its new mobile banking service through Monitise Create. The full-service, multi-language mobile banking app is available on iOS (iPhone) and Android to the Bank’s customer base that will exceed one million this year, with iPad and Windows Phone versions to follow. Monitise Create was approached by Eurasian Bank to define, create, develop and launch a mobile banking proposition to reflect the bank’s position as a key financial services innovator in Central Asia. The app, available in Russian, Kazakh and English, will provide all Eurasian Bank’s retail banking customers with access to transaction history for multiple accounts, intra-account transfers, bill payments, the option to apply for credit, block transactions and an ATM, branch and POS finder.
JCB continues to press on to reach the 200 countries and territories milestone this year with its Card Acceptance Network. The latest is its expansion into Belgium via Worldline. JCB International (JCBI) has formally signed a License Agreement with Atos’ Worldline for building a JCB card acceptance network and to start JCB merchant acquiring operations in Belgium.
The Royal Bank of Scotland plc (RBS) announced the appointment of five new senior hires to its Global Transaction Services team, further strengthening its capabilities and enhancing the service it provides to clients. Helen Mason joins as Head of Bank Partnerships, consolidating the Bank’s approach to and management of partner banking arrangements across Global Transaction Services. Mason has over 20 years experience within global transaction banking organisations and joins from Bank of America Merrill Lynch (BAML), where she has been leading the commercial cards business within GTS EMEA. Mason reports to Berndt. Waud also joins from JP Morgan. He was at the bank for over 12 years, most recently as executive director and team leader for Northern Europe. Waud reports to Blake. Stuart Lawson and Maha el Dimachki both join the GTS Cash Product team as Managing Directors.
First Data announced its Board of Directors has named Joseph J. Plumeri vice chairman. Plumeri was appointed to the First Data Board of Directors and as a senior advisor to KKR in August 2013. Since then he also has been serving as senior advisor to First Data Chairman and CEO Frank Bisignano, and as the head of First Data’s client delivery, innovation and marketing organization. He will continue in these roles.Since joining First Data, Plumeri has played a pivotal role in the company’s transformation from a transaction processor to a payments technology company and solutions provider to merchants and financial institutions. Plumeri has spearheaded company-wide efforts to become more client-centric, including realigning how the company delivers solutions to and serves its global and strategic accounts, national merchants and enterprise clients, financial institutions, small business clients, bank partners and agents and ISO clients. Plumeri was chairman and chief executive officer of Willis Group Holdings, plc before joining First Data. Appointed in 2000,
PayByPhone, part of PayPoint plc, has announced recent developments, including the acquisition of Adaptis Solutions and success in winning the tender in Paris with VINCI Park. This acquisition and win reinforce PayByPhone’s position as one of the world’s leading providers of services to parking authorities.
SafeCharge International Group Limited (“SafeCharge”), (AIM: SCH), the international provider of payments services, risk management and IT solutions for online businesses and Ladbrokes plc, a leader in the global betting and gaming market, today announces that Ladbrokes has successfully deployed SafeCharge’s suite of payment technologies including: one-click deposits, payment optimization and PCI compliance solution thereby enhancing users’ online payment experience and user-data security.
Unity Bank plc has recorded a 1Q/14 26% profit before tax from the year ago period, corresponding with its mandatory annual re-certification of its PCIDSS. The bank also received its Report on Compliance (RoC) from the external Qualified Security Assessor (QSA), NetHost Legislation Ltd. This is in line with the directive from the Central Bank of Nigeria that all banks must achieve certification to the PCI standards, Unity Bank had successfully attained its certification on April 5, ahead of almost three-quarter of the banks in the country and is among the first to complete its annual recertification. The bank has also disclosed that to ensure that it continues to maintain its high security standards for the protection of card-holder data and card production environments, it is putting resources in place to train its own team of Internal Security Assessors (ISAs) to lead future recertification exercises and work with external Qualified Security Assessors (QSAs) to obtain RoC.
Banks and building societies have put in place standard central processes and defined maximum timescales to help customers recover money. When a customer notifies their bank or building society that they have made an electronic payment to the wrong account, action will commence on the customer’s behalf within a maximum of two working days. If a bank is unable to reclaim funds immediately – for instance if the recipient disputes its return – the customer will be notified of the outcome of their bank’s investigation in a maximum of twenty working days from the point of enquiry and in many cases much sooner. If funds cannot be recovered through the standard central process customers will be given clear and accurate information on the options they have available to them – such as court action against the recipient. Banks and building societies will ensure the design of online, mobile and telephone payment channels reduce the risk of a customer making a mistake. This might involve: customers being asked to input account details twice; extra warnings about using the correct account details; or prompting customers to check payment details that have not been used for some time so that they can be updated or deleted as necessary.
Optimal Payments Plc announced that it has successfully reached a five-year agreement to provide its NETBANX® payment service to Ontario Lottery and Gaming (OLG) for its online gaming service PlayOLG.ca. NETBANX was selected as the winning solution after a comprehensive and competitive procurement process. PlayOLG will offer regulated online interactive lottery, casino and video poker games to residents of Ontario. Through the five-year agreement, the NETBANX service will be embedded in the PlayOLG website to provide payment options, as well as delivering real-time fraud and risk prevention and mitigation services.
Optimal Payments Plc is pleased to announce that it has integrated MasterPass™, MasterCard®’s digital wallet, into its NETBANX® merchant platform. MasterPass allows consumers to use any payment card or enabled device to discover enhanced and secure shopping experiences with just a click, tap or touch – online, in-store or anywhere. It moves payments forward by allowing the consumer to safely store all their payment, store card, loyalty, shipping and billing address details in one place and gives consumers the ability to make a payment from wherever they are with whatever device they have.
MasterCard today announced the intention to enter into a commercial agreement with Monitise plc to accelerate the development and deployment of mobile wallets and digital payment solutions by financial institutions worldwide. MasterCard also intends to make a minority investment in Monitise. The combination of MasterCard and Monitise’s complementary expertise in developing mobile platforms for commerce and banking is anticipated to result in additional innovative and secure solutions.
Redi2 Technologies announced that Standard Life Wealth has deployed its Revenue Manager software. Redi2 Revenue Manager™ is a hosted fee billing and revenue management solution that provides organizations with intelligent workflow and exception management functionality, and supports a wide variety of asset aggregation methodologies. Additionally, Revenue Manager calculates for different tax rules, calculates performance fees and generates invoices. Standard Life Wealth is a wealth management service and one of many subsidiaries of Standard Life plc., a provider of long term savings and investment. In September the company acquired Newton Private Clients from Newton Management Limited, also of the UK. The combined businesses have £5.8 billion in assets under management.