VocaLink Draws Attention to ePayment Methods

VocaLink indicates a growing consumer appetite for alternative ways to pay on mobile devices. With 81% of those interested in new digital payment more likely to adopt such services if they are provided by their bank, independent research undertaken by Accord on behalf of VocaLink also shows 33% of smartphone owners in the UK have used them to shop online. Additional findings indicate 42% of smartphone owners have used them for online banking; 43% of tablet owners in the UK have used them to shop online; and 33% of tablet owners have used them for online banking.

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Visa, Gemalto Partner to Launch Payment App

CaixaBank, Gemalto, Telefónica and Visa Europe are set to deliver a payments application which will be offered to 3,500 delegates at Mobile World Congress on February 25-28th. The app, developed by Telefónica Digital, will allow delegates to make mobile contactless payments using a pre-paid card especially developed for mobile payments, which has been enabled to work with Visa’s contactless payment technology. The card is issued by MoneyToPay, the new subsidiary for the prepaid business created by CaixaBank.

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China Debit Card Circulation Growth Slows in 2012

Debit card in circulation growth rates slowed down in 2012 after years of rapid expansion over the review period. Posting a circulation growth of 12% in 2012, debit cards showed a significantly lower rate of growth than the 22% recorded in 2011. Euromonitor International’s Debit Transactions in China report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

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ITPS Gets Stake in Intelligent Payments

Intelligent Payments Group gateway services for EU merchants, announced that International Transaction Payment Solutions (ITPS) payment and consulting group, together with the Executive Management of Intelligent Payments, have acquired a majority interest in the company from existing shareholders, Newcote International (Newcote). Newcote is the founder shareholder of Intelligent Payments and owner of Victor Chandler International, internationally known and respected leader in the gaming sector.

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Agent Card Programs – 2012 Performance

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] One of the ways for card issuers to augment their organic/branch card sales growth is to offer agent card programs to other, usually smaller, financial institutions. The sponsoring organization provides the card expertise and management and card member service while the agent institution generates new applicant/card accounts. Agents are often selected…

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nCircle Awarded Patent on Security Services Platform

nCircle management solutions announced the U.S. Patent and Trademark Office awarded its second “PureCloud” patent. nCircle’s intellectual property portfolio now includes 11 patents, reaffirming nCircle’s position as the leading innovator in the network security field. nCircle patents cover a wide range of security innovations and represent the company’s significant, ongoing investment in security technology research and innovation. The “PureCloud” solution is a cloud-based security services platform that requires no hardware or software to be installed or managed. nCircle PureCloud dramatically reduces the cost and complexity of a wide range of security services — including vulnerability scanning, PCI scanning and web application scanning — making these practices easily accessible to small and medium businesses.

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National ATM Council Requests MasterCard Delay EMV

The National ATM Council U.S. Independent ATM providers and their suppliers requested MasterCard delay implementation of EMV chip card liability shifts for Maestro international cards at ATMs. The letter was co-signed by NAC and 36 member organizations including leading ATM deployers, processors and manufacturers, many of whom attended the January 29th NAC-sponsored EMV ATM Summit Meeting in Dallas. Formulation of a universally accepted AID (Application Identifier) consistent with financial transaction network routing requirements established under the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Also requested were adequate time is provided for the ATM industry to test and deploy the AID, and all related hardware and software upgrades and change outs necessary to render the embedded U.S. ATM base of over 425,000 terminals EMV compliant. This has created some confusion in the marketplace as to the status of the earlier announced liability shift for MasterCard’s international Maestro cards used at U.S. ATMs.

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Pageonce Launches Local Payment Platform

Pageonce launched its service to pay individuals and small businesses through its new Pay Anyone service and now allows users to pay local bills. Paying local organizations, small businesses, and individuals is still largely done via paper checks. Already processing over $1 million in bill payments per day, Pageonce is far simpler and more convenient than writing a check. All that is required is the payee’s e-mail address or mobile phone number. Pageonce ultimately provides a mobile alterative for local billers to engage customers, reduce costs and more efficiently collect payments.

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LCH.Clearnet 2012 Annual Revenue Up 24% Y/Y

LCH.Clearnet strengthened position as leading OTC clearing house with SwapClear passing $339.9 trillion notional cleared; ForexClear cleared notional of more than $440 billion in 2012 following March launch; CDSClear extended to include international model. With this, net revenues increased by 24% to EUR426.2 million; Headline operating profit grew by 89% to EUR127.5 million; and Clearing fees increased 7% to EUR253.9 million.

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Wincor Nixdorf Promos Bank Forum

Wincor Nixdorf bundled their skills for The Bank & Future innovation forum under the academic management of the Fraunhofer Institute for Industrial Engineering (IAO). The pan-European Bank & Future 2013 trend study is a significant part of the research work. The survey for this has just been launched. In addition, Wincor Nixdorf has integrated state-of-the-art self-service systems in the new Fraunhofer IAO’s Bank & Future Next Generation showcase in Stuttgart. In addition to this trend study the forum’s work consists in banking foresight management, which aims to detect trends at an early stage, assess the implications for banks and derive sustained strategies from them. Another area of research covers banking business development, comprising the identification of market opportunities and generation of new business models.

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MasterCard Europe Seeks Pre-Authorization Processing Rules

MasterCard Europe announced improvements for pre-authorized transactions applicable as of November 2013, implementing new rules to address existing problems with pre-authorizations. Pre-authorizations provide flexibility and an extended payment guarantee to the companies that use them, but they can also be intransparent, confusing, and inconvenient for cardholders. MasterCard’s new set of rules seek to increase the transparency and convenience of pre-authorizations for both consumers and merchants, ensuring the cardholder is always informed of the amount to be pre-authorized before he or she agrees with using his/her card and their account balance or credit line is always released within 24 hours of the transaction being finalized. It also seeks the amount blocked on the cardholder’s account or credit line does not exceed the pre-authorized amount to directly benefit cardholders and providing merchants increased transparency.

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Management Buys Out YourCash

The management team of YourCash Holdings Limited has acquired 100% of the business through a refinancing which takes out existing non-management investors. YourCash is an independent ATM provider with c6,000 ATMs deployed throughout the UK, Netherlands and Belgium in a variety of locations including convenience stores, supermarkets, universities, casinos, hospitals, post offices, leisure outlets and petrol forecourts. In the Netherlands, YourCash installed their 800th ATM in December 2012 and currently manages 10percent of the overall in-country ATM market. In 2012 YourCash handled over 73 million ATM transactions, equating to £2 billion cash dispensed through the UK estate and €1.2 billion in Europe.

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