Oberthur Technologies (OT) signed an agreement to acquire NagraID Security SA. OT will acquire a 100% equity stake of NagraID Security SA from the Kudelski Group (SIX:KUD.S) and the company’s management.NagraID Security SA develops and markets powered display cards to secure access to the cloud, primarily for companies operating in the field of financial payments, authentication and identification solutions, using one-time password (OTP) or dynamic card verification value (DCVV, the 3 or 4 digit security code printed on payment cards) technologies.
MasterCard announced that Sam Ahmed has been appointed to the role of group head, Marketing, Asia/Pacific, Middle East and Africa, where he will manage marketing teams and ensure brand positioning is executed effectively. He will also oversee the development of strategies and campaigns for MasterCard’s advertising, sponsorships, promotions, as well as digital and consumer marketing initiatives across APMEA. Ahmed most recently served as VP, Marketing & Category at Starbucks Coffee Asia Pacific. Before this he managed the Kraft regional beverage executive team and successfully led the growth in both market share and regional sales of various Asia Pacific beverage brands. Ahmed is a graduate of the Harvard Business School.
Oberthur Technologies security and identification solutions and services based on smart card technologies and Société Générale announced that they launched the bank’s first NFC Visa payment service through Oberthur Technologies’ Trusted Service Manager (TSM) platform. The NFC ecosystem is progressively maturing in France with several commercial deployments either planned or in progress in large cities. The successful launch of Société Générale’s NFC service with two French mobile operators in Strasbourg means that Oberthur Technologies is the first TSM supplier demonstrating the end-to-end interoperability of its NFC offer with TSM and SIM cards from other suppliers. The bank’s customers will be able to subscribe to this NFC payment service that will enable them to pay with their phone at all the point-of-sales equipped with contactless terminals throughout the country.
Vincento Payment Solutions partnered ID Data Cards to support the launch of a new high-tech watch that can be used for contactless payments. Having combined to provide a complete payment solution that will enable the “Watch2pay” gadget from watchmaker LAKS, the partnership facilitates payment at 70,000 shops of up to GBP15.00. With this, ID Data will supply a matched pair of cards, one containing an embedded chip in a pop-out, which will be fitted in each watch along with a fully functional Paypass companion card to meet the necessary payment regulations, while Vincento will provide the back-office infrastructure via the company’s Kalixa prepaid payment solution.
ATM software provider Level Four has announced its partnership with
IT service provider TietoEnator Italia S.p.A. to
deliver BRIDGE:test to financial institutions. The need for improved ATM functionality and increased ATM reliability
are key drivers for Italian financial institutions wanting to improve
the overall potential of this channel. As such, banks in Italy are
increasingly looking to renew their ATM networks and refresh their
software. While this brings a number of competitive advantages, it also
results in a more complex environment, where banks are forced to rethink
their approach to ATM testing. Level Four’s testing expertise together
with Tieto’s experience of delivering software and services to the local
market will enable Italian financial institutions to successfully meet
this challenge, gaining up to 80% cost and time savings in test cycles.
The agreement provides Level Four with an
additional route to market for BRIDGE:test in Italy and supports Tieto’s
commitment to expanding its offering for the financial services sector.
The Western Union Foundation has donated $2
million to communities in 19 countries through the “Our World, Our Family”
signature cause program, culminating in $9.1 million in grant monies
awarded in 2008 and marking a 67%increase in grants paid from 2007. The
” Our World, Our Family” program is a five-year, $50 million
signature program designed to provide communities with the skills,
knowledge and resources essential to breaking the cycle of poverty. The
framed around four areas: Our World Gives; Our World Learns; Our World
Strives and Our
World Speaks. Through grant awards, each program area is given equal
towards helping families across the globe continue stay connected, overcome
barriers and realize their dreams. In 2008, the Western Union
Foundation awarded grants to 276
organizations in more than 75 countries and territories, supporting
causes from natural
disaster relief to fostering educational opportunities in communities
around the world.
Giving in 2008 focused on disaster relief grants, direct donations to
organizations and Agent Giving Circle grants or direct donations from
its Agents worldwide.
Ingenico’s consolidated revenue for the fourth quarter rose 42% to 224 million euros. During 2008, the Company sold more than four million terminals. On a pro-forma basis, including Sagem Monetel in 2007 and 2008 and at constant exchange rates, fourth quarter revenue rose 5% year on year. In the fourth quarter, the Chinese market posted revenue of almost 20 million euros, compared 2 million euros in 4Q/07. This performance was due to both the Ingenico China subsidiary and Fujian Landi, a company acquired at the end of June. During the fourth quarter Ingenico unveiled its new marketing and strategic vision “Beyond Payment” and obtained the market’s first “PCI-PED 2.0” approval for a CounterTop terminal. Ingenico says the exposure of the group to reduced consumer spending remains limited and Ingenico has not, to date, observed any delays in decision making of its customers. Finally, it believes that current economic conditions do not compromise its medium-term growth potential, which is supported by recurring needs and strong demand in technological innovations. For complete details on Ingenico’s fourth quarter performance visit CardData (www.carddata.com).
Ingenico’s consolidated revenue for the fourth quarter rose 42% to $290
million. During 2008, the Company sold more than four million terminals.
On a pro-forma basis, including Sagem Monetel in 2007 and 2008 and at
constant exchange rates, fourth quarter revenue rose 5% year on year. In
the fourth quarter, the Chinese market posted revenue of almost $26
million, compared to $3 million in 4Q/07. This performance was due to both
the Ingenico China subsidiary and Fujian Landi, a company acquired at
the end of June. During the fourth quarter Ingenico unveiled its new
marketing and strategic vision “Beyond Payment” and obtained the
market’s first “PCI-PED 2.0” approval for a CounterTop terminal.
Ingenico says the exposure of the group to reduced consumer spending
remains limited and Ingenico has not, to date, observed any delays in
decision making of its customers. Finally, it believes that current
economic conditions do not compromise its medium-term growth potential,
which is supported by recurring needs and strong demand in technological
innovations. For complete details on Ingenico’s fourth quarter
performance visit CardData ([www.carddata.com](http://www.carddata.com)).
The Western Union Company has selected Publicis Hong Kong as its
first-ever global advertising agency of record to launch a brand
campaign later this year. Working with Publicis Hong Kong will optimize
the global brand for Western Union in each of the 200 countries and
territories in which it operates. The decision to partner with the
company follows nearly eight months of research and development on
Western Union’s behalf of brand concepts in numerous countries among
varying ethnic groups, targeting both current and potential customers.
Western Union and its affiliates offer global money-transfer services
through over 355,000 agent locations across the globe while Publicis
Hong Kong is a division of Publicis Groupe communications group, which
has activities in 104 countries and employs approximately 44,000
The United Overseas Bank Group reported S$ 1,103 million net profit
for 1H07, a 25% increase from the same period last year, and a NPAT
of S$585 million, a 32% increase from the same period last year. UOB
also saw a 25.5% increase in operating income, 15.0% growth in
net interest income, customer loan growth of 17.5%, non-interest income
grew by 46.6% and the net interest margin improved 9 basis points since
1H06. The bank’s capital adequacy ratio was 15.7% with tier-one capital
ratio at 10.8%.
VFJ Technology Holdings Limited, a contactless smart card
technology specialist, reported a profit before finance costs and taxation of A$138,832 during the second quarter versus a loss of A$148,237 one-year ago. The profit represented the completion of the restructuring and consolidation of the division. During the period under review, VFJ focused in the RPC market where the company has an excellent track record, while the Australian and European operations were substantially cut back. The inauguration of the VFJ’s Automatic Fare Collection on Beijing Metro Line 13 in December has become the key platform for the city of Beijing to spread and promote the use of contactless smart cards. It also marked another milestone achievement for VFJ in the PRC, after the installation of the first AFC system for Shanghai Metro in the PRC in March 1999. VFJ has also received initial orders for the ticket vending machinery from the Shanghai Metro line after almost one year prototype testing. Omnitech Holdings Limited is the parent company of VFJ Technology Holdings Limited.
Alliance & Leicester, the eighth largest bank in the UK, celebrates a 20-year business partnership with ACI Worldwide. Since 1984, Alliance & Leicester has used ACI’s “BASE24” software to support transaction processing across growing customer channels. The bank continues to use payment software from ACI along with expert risk management technology to manage its exposure to potential fraud. In 1984, Girobank, later to become part of Alliance & Leicester, was the first EMEA customer to deploy “BASE24” software. “BASE24” now supports the bank’s network of over 2,500 ATMs. Alliance & Leicester was also the first European customer to implement ACI “Proactive Risk Manager” to detect potentially fraudulent behaviour. The solution combines network scoring technology with rules-based strategies and advanced client/server workflow. It enables Alliance & Leicester to prevent and detect fraud quickly and effectively.