Euronet Pakistan Awarded Outsourcing Agreement

Euronet Pakistan signed a comprehensive Electronic Financial Transactions (EFT) Outsourcing Agreement with Burj Bank. Burj Bank will utilize Euronet’s PCI DSS compliant processing platform, replacing the current in-house system. Euronet will enable and launch MasterCard debit cards for Burj Bank customers along with other innovative services as part of their extensive overhauling roadmap and offer new transactions and services to their customers in a timely and cost-effective manner, to ensure that the Bank stays ahead of its competition.

Details

i2c & Western Union Launch Intl. Prepaid Card

i2c payment processing and commerce solutions and Western Union partnered to bring consumers in the Philippines the Western Union Gold Prepaid Card on i2c’s MCP global processing platform. The Western Union Gold Prepaid Card allows consumers to direct a Western Union Money Transfer transaction directly onto a card, or utilize a “split payout” option to load part of a remittance onto a card and receive the rest in cash. The card also offers innovative mobile text features that help consumers better manage their money. Cardholders can load Western Union remittances and receive account information using SMS text messages, which interfaces with local systems for a “split payout” option.

Details

Wincor Nixdorf Overhauls Tegut POS infrastructure

Tegut… Gutberlet Stiftung & Co. KG food retailer is overhauling its POS infrastructure with BEETLE POS systems and the application solutions TP.net and TP.Admin from Wincor Nixdorf. Wincor Nixdorf completed the rollout of new BEETLE POS systems at the more than 300 stores of the Fulda-based food retailer tegut… The IT service provider from Paderborn has now also been commissioned to install its POS applications TP.net and TP.Admin on the BEETLE systems. Its ease of customizing and expansion, variety of application options based on an innovative software concept, outstanding integrability and low TCO make TP Application Suite the ideal solution platform for all checkout processes at modern stores. This will replace the existing SAP POS 2.0 solutions, Wincor Nixdorf again demonstrated the merits of its store portfolio to win the bid in the face of competition from well-known rivals.

Details

Pay.on extends PayPipe Routing

Pay.on AG worldwide payment processing extended the payment coverage of its routing gateway PayPipe to China. The gateway offers direct links to China UnionPay (CUP), one of the world’s largest credit and debit card organisations, and to the CUP subsidiary ChinaPay, the also internationally well-known CUP card acquirer. Consequently, payment service providers and their merchants in the USA, Europe and other parts of the world now get easy technical access to the principal payment procedures of the world’s second largest economy with annual disposable income totalling EUR 290 billion and over 145 million active Chinese online shoppers. With integration of China CUP and ChinaPay into PayPipe, PAY.ON has opened the gate for payment providers to monthly several million cross border transactions by CUP card customers. PAY.ON comprehensively meets the various technical requirements of all market participants. Payment service providers (PSPs) and independent sales organisations (ISOs) are linked to both Chinese market leaders via a simple PayPipe integration for global transaction processing.

Details

TapBase Launches iPhone Payment & Wallet Apps

TapBase kicked off its “TapPay” and “TapWallet” mobile apps on the iPhone for its Tap mobile payments, loyalty and rewards platform. The “TapPay” app was designed and developed with significant input from small businesses and the functionality extends far beyond the payment processing available from existing mobile payment systems. The TapWallet application allows consumers to securely store and carry payment card information as well as loyalty and membership cards. When a bill arrives, the customer selects a payment card, signs the transaction on their phone and authorizes the payment. The merchant is notified that the transaction is complete and is provided with a copy of the receipt.

Details

Diners Club Inks New Franchise Agreement

Diners Club International and Industrial and Commercial Bank of China (ICBC) plans to introduce a new Diners Club International franchise, With this, ICBC will operate as the first full franchise in China and is responsible for both the Diners Club brand and business in issuing and acquiring. Diners Club International is accepted in more than 185 countries and territories, in millions of merchant locations and in more than 845,000 ATMs and cash access locations all over the world.

Details

American Airlines Deploys Acculynk Secure Payment

American Airlines has implemented “PaySecure” from Acculynk’s Internet PIN debit-enabling product to secure customers transaction and offer Internet PIN debit for all online consumers. Travelers who use their debit cards to make purchases on AA.com will have the option to enter their PIN on PaySecure’s graphical PIN-pad. The transaction is processed as a normal PIN debit card transaction. Acculynk’s PaySecure® technology encrypts each PIN so that it is never transmitted as an actual, numerical PIN. Acculynk transmits the PIN directly to the Electronic Funds Transfer network, which in turn sends it to the bank for approval. The PIN is never stored by AA.com or Acculynk.

Details

GE Capital and Sam’s Club Extend Credit Card Program

GE Capital Retail Bank and Sam’s Club membership warehouse club forged multi-year agreement through which the Sam’s Club credit card program will be available to GE Advantage and Business Members. GE Capital’s Retail Finance business, the operating entity that provides financial solutions to retailers to help grow their customer sales, will continue to manage the Sam’s Club relationship and service the account. The financing program is available at more than 600 Sam’s Club locations across the United States and Puerto Rico and can be used at Wal-Mart stores, as well as for online Sam’s Club purchases and everywhere Discover® is accepted. The Sam’s Club private label credit card and Discover card program enables both Advantage and Business Member cardholders to enjoy a range of benefits, including, zero fraud liability with photo protection, one-card membership and credit card convenience, no fee in-Club cash access, special financing promotions, itemized billing statements (for Business Members only) and advance notice of savings opportunities and events.

Details

Starbucks & Square Launches mPayment Partnership

Starbucks Coffee Company mobile payment platform and Square partnered, allowing customers to use “Pay with Square” payer application. Square will process Starbucks U.S. credit and debit card transactions to expand Square its scale and accelerate the benefits to businesses on the Square platform and Starbucks will invest $25 million in Square as part of the company’s Series D financing round. By accepting Pay with Square, Starbucks is giving millions of customers another way to enjoy a quick and seamless payment experience at approximately 7,000 Starbucks stores. The partnership will also accelerate the ability of small businesses to grow with Square’s innovative technology and a stronger and more widely available Square network. Starbucks customers will be able to use Pay with Square to pay for their purchases at participating company operated Starbucks locations in the U.S. Customers simply need to download the Pay with Square application and set up an account on their iPhone® or Android™ device.

Details

Metropolitan Bank Launches TransCard Prepaid Card Account

TransCard launched a MasterCard-branded payroll card program with Metropolitan Bank. Employers will have a paperless payroll solution that makes the semi-monthly distribution simple, safe and cost-efficient. It enables employers to streamline the payroll process and helps improve the bottom line by reducing processing and check fees. The card-based solution also provides an electronic payment option for employees who may not otherwise have a checking account. Pay is immediately available and can be used to pay bills, shop online or used to make purchases wherever debit MasterCard cards are accepted.

Details

Misys Inks Islamic Development Bank Service Agreement

The Islamic Development Bank Group has signed a service agreement with Misys financial app software to enhance the Treasury and Investment Departments within the IDB Group. Misys will provide various solutions including Opics Plus, Opics Risk Plus, Sophis VALUE and Eagleye to enhance the capacity of the Treasury and Investment functions to serve IDB’s clients more effectively and make its internal processes more efficient as part of IDB Group Business Enhancement and Systems Transformation (GBEST) Program. This will enable IDB to monitor and report risk exposure across the IDB Group. The Misys solutions will fulfill the IDB Group treasury and investment needs for straight-through processing across the entire operations, including analysis, trade execution and risk management.

Details