Transfast and YES Bank launched its instant money transfer service to banks. This service operates via the National Payments Corporation of India (NPCI) core platform. TRANSFAST is the first money transfer company worldwide to be live with NPCI’s Immediate Payment Service (IMPS) capability for international money transfers. This enables TRANSFAST customers to make instant deposits–both online at TRANSFAST.com and at agent locations–to Indian banks from the Americas, Europe, and Asia. Instant transfers are available 24x7x365, even on holidays and during non-banking hours.Details
SecureNet is set to launch an innovative global infrastructure built around its cloud-based PayOS platform, which will allow for fully integrated international payment processing. Merchants of all sizes will be able to accept payments in more than 130 currencies worldwide upon the official launch slated for later this year. International clients will have access to the full breadth of SecureNet solutions currently offered to U.S. businesses, including an omnichannel merchant account, payment gateway, recurring billing, secure credit card storage, award-winning Inventory Management solution and detailed data analytics. SecureNet’s global infrastructure will encompass 25 countries, including the EU, Canada, Australia and the UK.Details
FIS has been selected by Kasikornbank Public Company Limited as the bank’s provider for real-time core banking for deposit products, which needed to replace its existing core banking system. FIS is a dominant force in the provision of core banking solutions in Thailand and is experiencing tremendous growth across the entire region. FIS has the premier core banking solution in the market. It is a fully integrated solution that includes customer, banking product, account and transactional requirements. Loan and deposit products are supported by an extensive inventory of configurable features that are shared across all banking lines of business. FIS supports hundreds of institutions.Details
ANZ announced an agreement with the Australian Government to support the increased roll out of mobile banking and financial literacy programs to a further 65,000 Solomon Islanders previously excluded from traditional banking services.
As part of this partnership, the Australian Government will provide additional funding to assist ANZ to improve access to phone banking in remote areas as well as delivering dedicated financial literacy training, with a particular focus on women in rural communities. ANZ goMoney was the first mobile phone banking channel in the Solomon Islands. Since its launch in September 2013, it has attracted 17,000 new customers, including 10,000 customers who had previously never held a bank account.
MasterCard takes the lead in the second quarter for U.S. gross dollar volume with a 9.2% year-on-year gain, compared to Visa’s 9.1%, American Express’ 6.0% gain and Discover 6.0% gain. Based on U.S. GDV, VS and MC tied the four networks in Y/Y gains in market share for the U.S., gaining 10 basis points (bps) Y/Y. AX was flat Y/Y and DS decreased by 10 bps.Details
MasterCard’s APMEA Gross Dollar Volume (GDV) rose 17.8% on a local currency basis to US$320 billion in Q2/14, compared to US$302 billion in Q1/14 and US$279 billion in Q2/13. Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) 18.6% on a local currency basis in the first quarter (Q1/14) to US$202 billion.Details
Diebold announced Alan Kerr has been named executive vice president, software. An experienced software and field operations leader, Kerr will build the strategy for the company’s global software organization. With more than 25 years of senior-level experience, he has held senior leadership positions with several IT software and services leaders. An experienced change management leader, he successfully restructured the sales operations and helped deliver revenue in excess of $3 billion.Details
Growing consumer acceptance of transactional digital banking, and the sharp rise in mobile banking adoption overall in driving household bill payments made via PCs, tablets and mobile phones through the roof this year. A new report also found digital banking users prefer the convenience and perceived security of the tablet or PC over the mobile handset.Details
Sphonic announced Tom Sullivan has joined the company launch their products into the “Americas” market. Tom Sullivan comes with a wealth of experience within the digital payments & fraud prevention industry, having spent the last twelve years at Expedia Inc. as Senior Director, Global Risk & Payments. In parrallel, Tom has been the Chairman of Merchant Risk Council, driving the organisation’s impressive growth over the last 10 years. Tom joins Sphonic Americas, to replicate Sphonic’s successes in Europe in providing innovative solutions for risk management and customer acceptance to a range of digital clients.Details
MasterCard and SFX Entertainment today announced a multi-year global partnership that will bring innovative technology solutions to the SFX platform and further strengthen MasterCard’s commitment to being an experiential brand in music and entertainment. MasterCard will simplify the way hundreds of millions of electronic dance music (EDM) fans worldwide can access SFX events, engage with content and connect with their community. SFX Entertainment, Inc. is the largest global producer of live events and digital entertainment content focused exclusively on electronic music culture and other world-class festivals.Details
Big changes in the works for the BJ’s MasterCard as Alliance Data Systems takes the helm by the end of this year. The BJ’s card portfolio will transition to MasterCard and can be used anywhere MasterCard is accepted across the globe. In the spring of 2015, the entire BJ’s credit portfolio will be converted to chip-enabled MasterCard credit cards.Details