UOB Tokenization
Singapore-based United Overseas Bank (UOB) has become the first bank in Asia-Pacific region to implement the Visa Token Service. The bank is integrating the Visa Token Service as part of its digital wallet UOB Mighty.
Myanmar Citizen MasterCard
2C2P payment services provider and Myanmar Citizens Bank launched the Citizen Card, a reloadable prepaid card accepted by MasterCard merchants globally. Supply of the Citizen’s Card will be limited to 5,000 units. Citizen Card can be obtained at any MCB branch in Myanmar. It is also available via the MCB website by filling out an online form. Cardholders will enjoy special benefits with merchant partners, in addition to waived sign-up fees. Existing cardholders can add value to their Citizen Card at any MCB outlet, with more top up options rolling out in 2015. According to McKinsey & Co, Myanmar is expected to quadruple the size of its economy from US$45 billion to over US$200 billion by 2030, with per capita GDP rising from US$1,300 in 2010 to $5,100 by 2030.
goSwiff mPOS
Singapore-based GoSwiff mobile commerce and marketing services launched its integrated mCommerce platform of payment solutions. The goSwiff mCommerce Platform is designed to maximize revenue and customer loyalty via the increasing number of channels through which customers make purchases today.
MasterCard Announces Minority Investment in C-SAM8
C-SAM m-wallet and MasterCard announced a global strategic partnership, as well as a minority investment by MasterCard. C-SAM provides the end-to-end infrastructure required to operationalize a mobile wallet. This includes back-end management infrastructure, software development kits and on-device software that support secure proximity near field communications (NFC), bar code, QR code and cloud-based transactions. Leveraging the MasterCard digital payment infrastructure including PayPass Wallet Services, C-SAM will be able to significantly enhance its current offering.
Maybank Deploys Tagit Mobile Banking
Maybank Singapore’s latest mobile banking app is running on Tagit’s proprietary Mobeix platform. Maybank’s mobile banking application suite offers customers account inquiries, bill payments and online funds transfers on-the-go via their mobile devices. Tagit’s platform enables dynamic changes in the app without the hassle of customers upgrading or reinstalling the app. It provides customers with an advanced user experience that is unrivalled in the marketplace. The adoption of the platform by some twenty banks in ten countries across three continents is testimony to its mainstream adoption by financial institutions. Maybank’s new mobile app also integrates personal features that will allow users to customize the loading page with their pictures as reminders of their personal savings goals.
PCI SSC Announces Speakers at Asia Pacific Meeting
The PCI Security Standards Council (PCI SSC), a global, open industry standards body providing management of the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS), announced keynotes speakers for the Council’s Asia Pacific event in Singapore on Thursday, June 14 at the…
Alternet Deploys end-to-end mobile payments
Alternet Systems announced the creation of a new initiative to provide an end to end solution within the mobile payment ecosystem, which will provide a fast and efficient go to market suite of services including card management, payment processing and advanced mobile financial services that connect a mobile wallet to traditional payment tools. End users…
Ground Labs to Demonstrate Cardholder Data Discovery
Ground Labs developer of security and auditing software solutions for the payment card industry, will be a sponsor of this year’s PCI SSC European Community Meeting. The PCI SSC Community Meetings provide an opportunity for industry stakeholders to learn from each other’s experience working with the PCI DSS. Participants also have opportunities to raise new ideas for future versions of the Standards and learn about best practices for protecting cardholder data as they interact with solution vendors and other service providers in the industry. Singapore-based Ground Labs is one of the international sponsors of the upcoming Community Meeting. The company’s flagship products, Card Recon and Enterprise Recon, perform cardholder data discovery to assist companies in identifying storage risks and help prevent security breaches that result in the theft of customers’ credit and debit card numbers.
Ground Labs to Showcase Cardholder Data Discovery
A large gathering of global stakeholders in the payment card industry will be attending the fifth annual PCI Security Standards Council (SSC) Community Meeting in North America. Ground Labs security and auditing software solutions for the payment card industry, will be a sponsor of this year’s event in Scottsdale, Arizona and participate in the Vendor Showcase. The PCI SSC Community Meetings provide an opportunity for industry stakeholders to learn from each other’s experience working with the PCI Data Security Standard (PCI DSS). Participants also have opportunities to raise new ideas for future versions of the Standards and learn about best practices for protecting cardholder data as they interact with solution vendors and other service providers in the industry.
Ground Labs to Showcase Cardholder Data Discovery
Payment card industry execs and stakeholders will be attending the fifth annual PCI Security Standards Council (SSC) Community Meeting in North America. Ground Labs, a leading developer of security and auditing software solutions for the payment card industry, will be a sponsor of this year’s event in Scottsdale, Arizona and participate in the Vendor Showcase. The PCI SSC Community Meetings provide an opportunity for industry stakeholders to learn from each other’s experience working with the PCI Data Security Standard (PCI DSS). Participants also have opportunities to raise new ideas for future versions of the Standards and learn about best practices for protecting cardholder data as they interact with solution vendors and other service providers in the industry.
PayPal to Double Workforce in Asia Pacific
PayPal plans to double the number of employees in Asia Pacific from 1,000 currently to
more than 2,000 by the end of the year. The company plans to add more
than 100 new jobs at its international headquarters in Singapore.
PayPal processed more than $6 billion of total payment volume in Asia
Pacific in 2009, an increase of 38% from 2008. Since its
establishment in the region in 2006, the company has struck dozens of
strategic partnerships with Asian companies including announcements
today with DBS, Singaporeâs largest bank, and China UnionPay, Chinaâs
bankcard association. PayPalâs new international headquarters
in Suntec City, Singaporeâs technology hub in the middle of the nationâs
central business district represents all of PayPalâs business outside of the USA.
Western Union Certifies Vendors for Mobile Program
The Western Union Company has certified two participants in its Mobile
Vendor Program: India-based mChek and South Africa-based Fundamo.
WU has also selected mobile value added solution provider Comviva as a new
participant in the program. The Mobile Vendor Program is intended to
extend the reach and accessibility of Western Union Money Transfer
services to mobile finance initiatives in Latin America, Africa, the
Middle East and Asia. mChek and Fundamo are the first to be certified
in Western Union’s program. Fundamo’s Enterprise Mobile Financial
Services platform is designed for configuration to
evolve with the needs of mobile subscribers wih 40 deployments in over
30 countries, most of which located in Africa and the Middle East.
mChek offers a hosted service for Mobile Money
Transfer and secure payments using credit cards, debit cards, bank
accounts and stored-value wallets. Other participants include
Singapore-based Utiba, U.S.-based Sybase 365, YellowPepper, a mobile
vendor in Latin America, and now, India-based Comviva. Mobile operators
who sign agreements with certified Western Union Mobile Vendors and
Western Union will be able to offer their subscribers the option to send
and/or receive money through Western Union’s money transfer system.
Western Union entered the mobile
financial services space in the second quarter of 2008, with an
endorsement for a global pilot program by the GSM Association, a global
trade association representing more than 750 mobile operators
worldwide.