CardWeb.com’s CardExecs database of payments industry movers and shakers today features Rodrigo Vaca vice president of marketing at Zoho.
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.
Trustwave’s advanced security team, known as “SpiderLabs,” responsible for application security, incident response, penetration testing, physical security and security research are set to deliver presentation on said topics. David Bryan will deliver “Pentesting for Fun…and Profit” to explore real world penetration testing methodologies, tools and techniques and how the service has evolved over the past few years and “Making a Sandbox for 10,000 Hackers” to explore ways to build a secure network infrastructure using enterprise-class hardware while on a tight budget. Meanwhile, Nathan Drier will present “Intro to Packet Capture Analysis” for decoding the languages that computers use to speak to each other; Rob Havelt will deliver “Exploiting a PCI Compliant Network: A How-to Guide” to explore the inaccurate perception that compliance with the PCI DSS automatically ensures an organization’s security; Eric Monti will deliver “iPhone Rootkit? There’s an App for That” to address the tools and techniques for developing rootkits on the iPhone; and Rodrigo Montoro will present “Scoring PDF Structure to Detect Malicious Files” to explore the recent surge in PDF malware attacks.
Gemalto digital security and Redeban Multicolor have launched its
mobile banking solution for Colombian mobile subscribers. The newly
introduced solution allows these subscribers to perform everyday
banking transactions, including money transfers, checking balances and
paying bills. The service is made available to nearly 20 million consumers
through Colombian GSM operators, such as Comcel, with Bancolombia
and Banco AVVillas. Projections foresee 20% of this customer base to
perform nearly 5 transactions monthly. Gemalto had a 2006 revenue of
EUR1.7 billion with over 85 offices in 40 countries and employs nearly
BBVA Bancomer has received the delivery of 100,000 XIRING
“Xi-Card” personal pocket readers in association with the “Vida Bancomer”
marketing program. Under the program, the cardholder inserts the “Vida
Bancomer” EMV payment card into the card-sized “Xi-Card” to view details
of cash bonuses, coupons, or loyalty points, as well as validity dates.
can be loaded onto the card though the merchant’s POS terminal and then
displayed on the “Xi-Card”, thus providing the necessary flexibility to
extend the program and support new campaigns. The “Xi-Card” reader allows
each cardholder to check the coupons, loyalty points, or cash bonuses
earned at participating merchants through use of his/her EMV payment
card. More than 10,000 points of sale are expected to participate in the
“Vida Bancomer” program by year’s end. BBVA also predicts that over two
million cards will have been converted to the new technology, complete
with the “Vida Bancomer” program. Furthermore, 2006 will see 90% of BBVA
Bancomer’s bank cards converted to EMV and “Vida Bancomer.”
BBVA Bancomer has chosen XLS to power its recently launched VISA chip credit card with enhanced payment features. The program, called “Vida Bancomer”, is the first of its kind in Mexico to offer a
new way to pay through automatic discounts, instant rewards and other
features designed to surprise and delight customers. “Vida Bancomer” cardholders in Mexico can obtain added-value benefits instantly in three ways: by obtaining discounts at the time of purchase; by accumulating and redeeming points at thousands of participating merchants; and
by obtaining electronic coupons that can be redeemed for merchandise,
discounts or cash back. More than 500 merchants with over 2,200 points of sale had formalized their participation in the “Vida Bancomer” initiative. It is expected that gradually over the first year after launch, more than 10,000 merchants will be affiliated to the program.
Welcome is a provider of payment software that utilizes the full capabilities of EMV standard chip credit and debit cards.
Grupo Financiero Banorte has selected Carreker’s “Integrated Cash Operations Module” to manage the cash inventory and transportation for its 2,300 ATMs, 1,100 branches and 50 vaults. The software develops a daily cash activity profile for each cash point, assists in identifying optimal cash transportation schedules, and provides pre-emptive cash shortage alerts. “iCom” users have historically reduced their overall cash inventories by 20% to 40% while improving transportation schedules, lowering cash handling costs, and increasing the overall productivity and efficiency of the cash inventory management process. iCom is currently used by many of the large banks in the U.S., the U.K., Australia, Canada, South Africa, and Latin America.
AuctionWatch, a leading provider of software solutions that enable businesses of all sizes to efficiently sell merchandise online through dynamic and fixed price marketplaces, announced a strategic and exclusive alliance with c2it by Citibank, Citigroup’s online person-to-person payment service. This strategic alliance makes Citibank’s c2it service the preferred payment provider for AuctionWatch’s suite of auction services and storefront commerce. In addition, it is first time an online P2P payment service supported 100 percent by a financial institution has entered and forged an alliance with an online auction management company to offer services to the auction community.
The joint service, which will embed c2it’s payment service within AuctionWatch’s e-commerce solution, will provide sellers and buyers the ability to exchange funds rapidly within a secure environment. For sellers, the automated solution reduces the amount of work required to sell an item. After an item is sold at auction, an invoice is automatically sent to the buyer on behalf of the merchant with transaction details to close the sale. For buyers, the process is simple — they can conveniently pay for auction merchandise by following a link from merchants’ invoices to c2it’s payment solution, which will be seamlessly integrated into AuctionWatch’s site. When the buyer pays for the item using c2it, the seller then receives notification in their AuctionWatch account and prints an automatically formatted packing slip for shipment. c2it functionality on AuctionWatch’s site will begin in June with full integration completed by Fall 2001.
In addition to offering payment solutions for online auctions, c2it will also be the featured payment provider within AuctionWatch’s merchant storefronts, a place where sellers offer merchandise to buyers at a fixed price, offering both parties the same efficiencies and safety measures as purchasing items through auction.
“Teaming up with a leading online auction services company was a natural choice for us,” said Antony Jenkins, COO of c2it. “We are dedicated and committed to building a leading stake in the person-to-person payment space, and this alliance is another step in that direction. AuctionWatch is a company with extensive experience and understanding of the online auction community. Bringing c2it to AuctionWatch’s customers aligns with our strategy of making c2it widely available across the Web.”
“We are very excited about our agreement and pleased to be working with one of the world’s largest financial institutions to offer our merchants top-tier payment services. c2it will be instrumental in automating sellers’ payment and fulfillment cycles by fostering faster and more efficient e-business practices for our merchants,” commented Rodrigo Sales, CEO of AuctionWatch. “We also believe buyers will find comfort and trust with our merchants, knowing they are using a well-known financial services brand like Citibank to handle their payment transactions.”
Results of a survey that c2it conducted to poll AuctionWatch’s merchants on their needs for a payment and billing solution confirm that c2it’s services provide exactly what the online auction merchant community wants. The top attributes of a payment service desired by sellers include speed of accessing money, the backing of a stable financial institution, a secure transaction environment, and around-the-clock phone customer service availability. c2it provides these services and more, including an option for handling international payments in the near future.
With over four million unique visitors a month and hundreds of thousands of registered sellers, AuctionWatch is widely recognized as the company of choice for businesses looking to efficiently distribute merchandise online and cost-effectively acquire customers. In addition to its suite of powerful seller services, AuctionWatch offers buyers an industry-leading search capability, allowing them to conveniently locate items across numerous auction and fixed-price sites. The company also publishes daily content on the auction industry and has the most active independent message boards of its kind. Based in San Bruno, California, AuctionWatch is privately held and funded by Sequoia Capital, Technology Crossover Ventures, CMGI @Ventures, meVC Draper Fisher Jurvetson Fund I, Angel Investors LP, Bulldog Capital, Argus Capital and private investors. Visit the AuctionWatch website at [http://www.auctionwatch.com].
Citigroup, the preeminent global financial services company, provides some 120 million consumers, corporations, governments and institutions in more than 100 countries with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. Major brand names under Citigroup’s trademark umbrella are Citibank, CitiFinancial, Primerica, Salomon Smith Barney, and Travelers. Additional information may be found at: [http://www.citigroup.com].
ProPay, providers of a personal payment service that allows individuals to securely and easily accept credit cards online, in person or through WAP-enabled devices, announced a strategic partnership with AuctionWatch.com, the leading provider of solutions that enable businesses to leverage dynamic commerce. The agreement allows AuctionWatch.com’s sellers to accept a credit card directly from buyers, unlike other payment models that separate the buyer and seller from the credit card transaction by prefunding an account.
Through the partnership, AuctionWatch.com users are able to buy and sell using their ProPay commerce account. Buyers retain their full rights to dispute a charge through their credit card companies and are not required to disclose their confidential account information to the seller. Sellers are able to receive payment much quicker and can accept a credit card from any buyer regardless of whether or not the buyer has a ProPay account.
“ProPay’s services are the first of their kind for our site, where buyers can purchase knowing their credit card information is kept confidential and that they are protected against fraud, misrepresentation and unfulfilled delivery,” said Rodrigo Sales, CEO of AuctionWatch.com. “Increasing purchasing confidence and making the payment process more convenient are part of our dedication to providing our members with value-added services.”
ProPay Announces CEO;
Industry Veteran Brings Over 15 Years of Finance and Investment Experience
ProPay, providers of a personal payment service that allows individuals to securely and easily accept credit cards online, in person or through WAP-enabled devices, today announced that Gary Goodrich has joined the company as CEO.
Goodrich comes to ProPay with more than 15 years of finance industry experience. During his four years with Goldman, Sachs & Co., Goodrich helped launch the firm’s first modern stock exchange funds and became the West Coast restricted stock specialist, covering Silicon Valley technology companies. Goodrich also worked for Kidder, Peabody as the national director of a product group before later becoming a divisional vice president with Paine Webber, where he was integral in negotiating partnerships with third-party trust companies.