American Express Completes Global Business Travel JV

American Express completed its previously announced plans to establish a joint venture for its business travel operations. The joint venture will operate under the American Express Global Business Travel brand. American Express and an investor group led by Certares each have a 50 percent ownership stake in the joint venture. As previously reported, the complexity of the closing process for this transaction will affect the timing of American Express Company’s second quarter earnings announcement. The Company’s financial results are now scheduled to be announced shortly after the market closes on Tuesday, July 29, 2014. American Express plans to host a live audio webcast of its investor conference call at 5:00 p.m. (ET) that day to discuss second quarter 2014 financial results.

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Q2 Partners Easy Solutions, Expands Secure Virtual Banking

Easy Solutions and Q2 secure virtual banking solutions for regional announced a partnership to provide omni-channel fraud prevention solutions to Q2’s roster of more than 340 financial institutions. Easy Solutions’ award-winning platform is designed to protect organizations against the most sophisticated forms of electronic fraud. Q2’s platform architecture enables an unparalleled integration of technology solutions for a compelling unified user experience from virtually anywhere and from any device. By integrating with Total Fraud Protection from Easy Solutions, Q2 is seamlessly providing multi-channel, layered anti-fraud solutions to community banks and credit unions.

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Citibank Sells Off Consumer Banking Business

Banco Ficohsa completed the purchase of Banco Citibank de Honduras, S.A and Cititarjetas de Honduras, S.A., after receiving the required regulatory approvals. The acquisition is the largest transaction of its kind undertaken by a Honduran bank. Ficohsa now becomes the largest bank in Honduras and one of the top 10 banks in Central America. The deal included an US$ 80-million capital contribution, which brings Ficohsa’s total net worth to approximately US$ 350 million, which represents 21% of Honduras’ total financial system’s net worth. The contribution is comprised of tier 1 and tier 2 capital. The combined entity will have a loan portfolio of US$2 billion, a deposit base of over US$1.6 billion and US$ 2.7 billion in assets, which represent 20% of the total assets of the Honduran financial system (using pro forma figures of the companies combined as of March 31, 2014.)

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MC AVG LAC P-TICKET

MasterCard’s (MC) Latin America Caribbean (LAC) region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 21.7% on a local currency basis in the first quarter (Q1/14) to US$49 billion. Based on PDV, the MC LAC region is the fastest growing region. The average purchase ticket in the MC LAC region declined 12.0% Y/Y. One-year ago it stood at US$47.06, compared to US$47.48 in Q4/13 and US$47.06 in Q1/14, according to CardData. MC has 145 million cards-in-force (CIF) currently in the LAC region, compared to 131 million in Q1/13.

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Seamless and InComm Sign

InComm has signed an agreement with Swedish Seamless that enables the digitization of the company’s vast portfolio of closed-loop stored-value cards using the mobile payment solution SEQR. InComm offers stored-value cards from more than 500 brand partners in the US. The collaboration opens up InComm’s large client base and enables stores to digitizetheir gift cards. InComm is a leading provider of cutting-edge prepaid products, services and transaction technologies to retailers, brands and consumers. SEQR is Sweden’s and Europe’s most used mobile wallet in stores and online.

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New POS MPayment redy

Samsung Electronics Australia and Community Telco Australia, the Bendigo and Adelaide Bank telecommunication subsidiary, just launched their own retail POS mobile payment solution called ‘redy’. Customers can make payments using their mobile device by simply scanning a QR code in the ‘redy’ application. The app is available in Australia to anyone who uses a compatible smartphone. It can be linked to a Bendigo Bank savings account, or to any Visa or Mastercard account. No customer information or shopping data is passed onto the merchant for security purposes.

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ADS Good Sam VISA

Alliance Data Retail Systems is buying the Good Sam Visa portfolio from Barclays Bank Delaware.The transaction is scheduled to close before the end of the third quarter. ADS further signed a long-term agreement with Good Sam Enterprises, that includes the Good Sam and Camping World branded products and services. Purchases made with the Good Sam Camping World Visa Credit Card earn Rec Rewards. Good Sam is the world’s largest RV owners organization, with over 1.5 million members.

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Diebold and Bellco CU

Delivering a personalized, distinctive banking experience to Bellco Credit Union, Diebold, Incorporated worked in tandem with Bellco to design the credit union’s new Stapleton Branch located in Denver. The technology-based branch enables members to conduct efficient, self-service transactions on one of three deposit automation-enabled Diebold Opteva® Branch Performance Series™ in-lobby teller terminals, all the while encouraging a more personal interaction between members and branch staff.

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SafeCharge Introduces Descoping Solutions

SafeCharge International Group Limited announced that they will be introducing their unique PCI descoping solutions by sponsoring and speaking at the 9th PCI London event, the UK’s premier payment and risk summit, to be held at the Park Plaza, Victoria, London on July 1, 2014. During the conference SafeCharge will highlight PCI Descoping solutions. Praful Morar, Corporate Development and Strategy Director of SafeCharge will be presenting the topic, “The Benefits of Outsourcing PCI” at 12:10 on July 1 in the Main Plenary Hall.

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