Pakistan’s Bank of Khyber (BOK) and JCB have inked an agreement for the issuance of JCB Debit Cards. The Bank of Khyber is a provincial government bank owned by Government of Khyber Pukhtunkhwa and based in Peshawar, Pakistan, presently with 119 branches all over the country.
Russia’s Rosselkhozbank has inked a deal with UnionPay International to enable acceptance by all its 3,300 ATMs and 4,000 POS terminals within the year and start mass issuance of UnionPay cards since 2016.
CardWeb.com’s CardPixes database of more than 7,000 images today features the CITIC JCB Ultimate card.
Tieto announced its latest contract for the continued modernization and improved efficiency with new capacity and cloud solutions. The agreement, with SBAB processing, is valid for five years. In addition to offering cloud services, Tieto will provide IT operations. The Tieto services were ultimately enlisted to provide more cost efficiency while becoming faster and more agile. Additional benefits include increased customer communication and continuous streamlining of operations.
The highest-status JCB card in China has been launched targeting the growing market of ultra-affluent Chinese consumers. The JCB Ultimate card will be issued by China CITIC Bank.
Ajay Banga, President and CEO of MasterCard, shared his views on how innovation can help drive economic growth. Banga noted that China’s current wave of industrialization – which has resulted in unprecedented growth based on low-cost labor – is challenged and the country needs a new model centered around continuous innovation. Bringing to bear MasterCard’s analysis and global experience in payments innovation before more than 500 audience members consisting of global CEOs, world leaders, and renowned scholars, Banga recommended China create a more level playing field for SMEs by removing the significant structural advantages that State-Owned Enterprises have over SMEs; reform the interest rate regime; harness a local banking model with right mix of global banks, large national banks and smaller regional / local banks to create efficiency in financing and serving SMEs; and Develop Electronic Payment Innovations that meet SMEs’ unique needs.
Diebold financial self-service won the bid to supply more than 3,800 ATMs to Caixa Economica Federal (CAIXA), for which it will supply, install and perform on-site field maintenance. More than 3,500 ATMs are full-function terminals, with an additional 285 terminals that feature a check sheet printing function. Security features include fingerprint biometrics; seismic sensors and systems that protect the keyboard, monitor and card reader; and anti-skimming technology.
The continued growth of the world’s ATM installed base hides significant differences between regions, says Retail Banking Research (RBR) in the latest edition of its authoritative study “Global ATM Market and Forecasts to 2016”. While Asia-Pacific has just set the record for the most new ATMs deployed in one year, the number of installations fell in 12 of the world’s 65 largest markets. Continuing rationalisation of branch networks and ATM estates, bankruptcies, mergers and weakening activity among independent deployers were the primary reasons behind the declining installed base in these countries. Rapidly growing demand from Asia-Pacific and Latin America more than offset the decline in the mature markets however, so the overall growth picture was positive in 2010. Demand from customers and cost cutting have been the most important drivers of ATM growth on a worldwide basis for the last few years. In 2010, rapidly growing volumes of ATM cash withdrawals in Asia-Pacific, Central and Eastern Europe and the Middle East and Africa helped to convince many deployers to continue expanding their ATM estates.
Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and JCB International (JCBI) launched the first JCB branded card in Vietnam, the VietinBank-JCB Cremium card. VietinBank has made substantial strides over the course in recent years in establishing a firm position as the leading bank and financial group in Vietnam, operating over 150 branches and 1,500 ATMs. JCB and JCBI entered into the Vietnam market to expand JCB card acceptance in 1991 and have been increasing convenience for over 69 million JCB card members largely based in Japan, China, Korea, Taiwan, and other Asian countries who travel to Vietnam. The new branded cards will be accepted at over 34,000 JCB merchants in Vietnam, as well as the worldwide acceptance of 18 million merchants globally through JCB’s merchant network located in 190 countries and territories.
Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), one of the largest state-owned commercial banks in Vietnam and JCB International (JCBI), the international operations subsidiary of JCB, the only global payment brand based in Japan launched the “VietinBank-JCB Cremium” card. JCB and JCBI entered into the Vietnam market to expand JCB card acceptance in 1991. The “VietinBank-JCB Cremium” cards will be accepted at over 34,000 JCB merchants in Vietnam, as well as the worldwide acceptance of 18 million merchants globally through JCB’s merchant network located in 190 countries and territories. The card will be issued as both the Standard card (with a credit limit of 50 million dong) and the Gold card (with a credit limit from 50 to 300 million dong).
GRGBanking gets the first ATM installed and online in CEC Bank, which was awarded a batch order contract of Through-The-Wall (TTW) Notes Dispenser H22N. The project is the first co-operation between the company and CEC Bank. GRGBanking submitted its proposal to the bank in December, 2010. Besides big ATM manufacturers, other medium competitors are also interested on this tender, treating as an important opportunity. In partnership with Romanian partner ServuS, the company made it through the tests and pilot. GRGBanking’s ATM will take about 10% of the bank’s ATM network and continues to expand its business network across Europe.
The Russian banking market is set for dramatic changes over the next four years thanks to customer and banking models, according to 90% of Russian bankers. They indicated intense competition is “inevitable” thanks in great part to declining customer trust and loyaltyand changing customer behavior as disclosed by 80% of respondents. These findings, according to an Accenture report, also indicate the most commonly used banking products are basic and transactional, with salary cards, debit cards, and bill payment and money transfer services, used by 63 percent, 42 percent and 39 percent of Russians, respectively; only four percent of Russian bank customers hold investment products, seven percent hold mortgages and 10 percent hold car loans; and more than two-thirds of respondents (71 percent) reporting increasing expectations for multichannel access, 66 percent expecting greater simplicity and convenience from their banks and more than half (57 percent) saying they require faster service from their banks.