Companhia Brasileira De Servicos De Marketing, operator of Brazil’s dotz loyalty program, in which Alliance Data System’s LoyaltyOne holds a sizeable equity stake, has expanded into the metropolitan area of Rio de Janeiro, with a population of 6.3 million and the second-largest city in Brazil.
MasterCard has launched a unique six-month partnership program for startups including Asia Pacific, Middle East, Africa and Latin America, as well as in Canada. Start Path Global builds on Start Path’s efforts over the past 18 months having provided a variety of operational support, partnership, or investment for over 40 startups developing the next generation of commerce solutions, including Nymi, ZenCard, BillHop and Gone.
Overall customer satisfaction grew by 0.4% in the third quarter in the UK. Customer satisfaction with credit cards is up 3% to 79, highest among financial services.
Testing payment terminals has become easier and a lot more cost efficient with the new Galitt HCE probe for KaNest ICC. The HCE probe for KaNest-ICC uses a simple NFC-enabled Android handset to play the role of the card simulator.
Mako Networks and Sprint teamed to add the Mako System to Sprint’s portfolio of solutions for retailers and distributed enterprises. U.S. customers can now purchase Mako’s solution integrated with Sprint’s wireless service to connect, protect, control and secure their data and payment transactions. The Mako System creates simple, secure PCI DSS compliant networks for distributed enterprises (multisite businesses), such as retail chains or franchises. With an easy-to-use cloud-based Central Management System (CMS), Mako allows administrators to manage the network connections at thousands of sites through a single Web interface, without jeopardizing their networks’ PCI-compliant status. The solution also includes built-in Wi-Fi and Mako Guardian content filtering and reporting, in addition to an array of other value-added features, including extensive 24×7 monitoring and alerts to help maintain network security.
The Center for Financial Services Innovation (CFSI) and Hudson Institute released the “Double Duty: Payments Cards as a Doorway to Greater Financial Health” report. Illustrating the potential e-payments to help government benefit recipients improve their financial health and capability through access to more information about their benefit payment, the report shows in January over 62 million consumers received Social Security or Supplemental Security Income benefits. Of this figure, 90.8% used direct deposit, 3.6 percent used the Direct Express prepaid card, and 5.6 percent received a check. Virtually all 22.3 million recipients of the Supplemental Nutrition Assistance Program (SNAP) receive their benefits via monthly loads to payment cards. About 8.2% of U.S. households (17 million adults) do not have a bank account. When recipients are required to receive their benefits electronically, those who cannot choose direct deposit receive the default choice instead”a prepaid debit card.
Cardtronics announced that its wholly-owned subsidiary, Cardtronics Canada, acquired Can-Do-Cash privately held ATM services company. Expanding the overall Cardtronics Canada ATM portfolio by 800 cash machines, Can-Do-Cash delivers accelerated growth primarily in Ontario and Quebec. This acquisition grows the total Cardtronics Canada fleet to 1,840 ATMs, a sizeable jump from the 600 ATM portfolio Cardtronics acquired in late 2011 with its purchase of Mr. Cash. The co-owners of Can-Do-Cash will join Cardtronics Canada as VP, Business Development and VP, Operations.
Cardtronics wholly owned subsidiary acquired all the assets of ATM Network, including its merchant contracts, customer relationships, online store and web properties. ATM Network’s management team and employees are expected to join Cardtronics. ATM Network provided ATM services to independent merchants, primarily on the local level and grew into a nationwide company, boasting a merchant client count topping 6,000. The assets of ATM Network deliver a complement to Cardtronics’ existing independent merchant ATM business, which has historically filled its sales pipeline through indirect sales efforts, primarily through a network of dealer relationships. The acquisition of ATM Network’s assets pushes Cardtronics’ merchant-owned ATM count to 21,300 machines under contract.
Ingenico payment solutions partnered SilverPay to supply mobile and countertop payment units to taxi fleets. This will provide the taxi drivers Ingenico’s “EFT930G” GPRS-enabled m- payment solution and the “iCT220” countertop chip and pin device. A first contract has already been secured with a medium-sized taxi fleet in Gateshead and with additional opportunities in the pipeline. This taps a market consisting of over 250,000 vehicles. SilverPay supplies payment solutions, primarily to private transport operators, and offers first line support and issue resolution for customers.
Trunkbow International Holdings Limited, a leading provider of Mobile Payment Solutions (“MPS”) and Mobile Value Added Solutions (“MVAS”) in China, announced that it has extended its MPS cooperation with China Unicom through the deployment of its terminal-based MPS platform in Hubei Province, bringing the Company’s total MPS installed base to 23 provinces through China Unicom and China Telecom. This platform will be used for both payment processing and employee and student identification, with Trunkbow to receive revenue based on a percentage of each user’s monthly phone bill. This platform will allow China Unicom’s 7.2 million subscribers in Hubei province to make purchases at retail locations using their mobile phones at the point-of-sale, and will function as a convenient, secure electronic identification card for students and employees at schools and other locations using the technology.
Trunkbow International Mobile Payment Solutions and Mobile Value Added Solutions in China has extended its MPS cooperation with China Unicom through the deployment of its terminal-based MPS platform. Now total MPS installed base extends to 23 provinces through China Unicom and China Telecom. This platform will be used for both payment processing and employee and student identification, with Trunkbow to receive revenue based on a percentage of each user’s monthly phone bill. Trunkbow expects to complete the implementation of this platform on China Unicom’s Hubei network in the third quarter of 2011 and expects to recognize initial revenue from the deployment in the fourth quarter of 2011 or the first quarter of 2012.
The number of payment cards, categorized as credit and debit cards, is increasing rapidly in India. With increasing number of credit card holders and rising consumer confidence regarding credit card purchase, the transaction value of credit cards in India is forecasted to increase at a CAGR of around 8% during FY 2011-2013, according to a RNCOS research report, “Indian Payment Card Market Forecast to 2012.” This growth will be largely attributed to the improving credit card payment infrastructure in the country, with most of the merchants accepting credit card payments at POS terminals. Banks have also tightened their rules of issuing credit cards on account of increasing fraud cases, which have also helped in improving the credit card infrastructure in the country. While the Reserve Bank of India has imposed several restrictions on the foreign banks, there are no such restrictions on credit card companies, so these banks dominate the Indian credit card market.