MoneyGram Adds Near East Bank to Money Transfer Network

MoneyGram forged agreements with Near East Bank, adding to its network 10 branch locations. This gives consumers 32 convenient regional MoneyGram locations from which to send or receive money. Cyprus sends approximately $2 billion USD annually in remittances to countries such as Pakistan and Bulgaria, which ranks it among the top 25 countries for sending funds as a percentage of its GDP. Near East Bank is a respected financial institution in North Cyprus.

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Western Union and Roshan Partner for mMoney Transfer

Western Union global payment services and Roshan total communications partnered to kickoff the Western Union Mobile Money Transfer regionally. This will add international remittances to the “M-Paisa” service, part of the Vodafone mobile money family. This lets customers receive their salaries, pay bills, receive and repay microfinance loans, send and receive money and purchase airtime directly from their mobile phones. With the introduction of the new service, M-Paisa customers will be able to receive Western Union Money Transfer transactions from around the world directly in their mobile wallet accounts.

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Cinterion Launches Compact Plug and Play M2M Terminal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cinterion, the global leader in cellular machine-to-machine (M2M) communication modules and a Gemalto (Euronext NL 0000400653 GTO) company, today introduced BGS2-Terminal, a simple and reliable plug-and-play M2M communication terminal to quickly connect any type of industrial applications and remote assets using cellular technology. It requires minimal integration and approval efforts, allowing…

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OmniPay Awarded 2x at European Payments Awards

OmniPay payments processor has won two of the leading awards at the 2012 Merchant Payments Ecosystem (MPE) gala awards ceremony. These are the principal awards for the European payments industry and the event was attended by all of Europe’s leading payment institutions, merchants and acquiring banks. OmniPay won the headlining ‘Best Processor’ award as recognition for its pioneering processing solutions which are making a huge difference to the European and global payments industry. It also won the ‘Acquirer Personality of the Year’ which was presented to Hubert O’Donoghue, CEO and co-founder of OmniPay. Hubert was nominated by PayPal for his outstanding contribution to the European payments industry.

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Western Union and Millicom Partner on Cross-Border mMoney Transfer

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union, a leader in global payment services, and Millicom International Cellular S.A. (Stockholmsbörsen: MIC), a leading mobile operator in 13 markets across Latin America and Africa operating under the Tigo brand, announced at the Mobile World Congress the signing of an agreement to introduce cross-border mobile money transfers in Latin…

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CitiDirect BE Mobile Processes over $1 Billion of Transactions

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citi announced that its CitiDirect® BE Mobile service developed by the Global Transaction Services unit, has reached a significant milestone, processing over $1 billion in total transactions value. Since commercializing the browser-based mobile application in August, Citi has made the solution available to an additional 56 countries across Europe, Middle East…

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2011 Agent Card Issuer Performance

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Agent card issuers are those who sponsor typically smaller financial institutions into the card business, paying per account bounties for each activated new card account – ranging from as little as $30 to over $100 each for accounts generated and activated by the agent in their branch distribution network; often paying…

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Visa Service Provides OTA mPayment Provisioning

Visa announced a new service that provides financial institutions and mobile network operators with a one-stop solution to securely download payment account information to smartphones enabled with NFC technology. The new service was developed in collaboration with Oberthur Technologies, a leading Trusted Service Management (TSM) company whose software and platforms are used to manage the provisioning and activation of payment accounts on cards and mobile devices. The new offering by Visa brings together the necessary parties in the mobile payments ecosystem and lays the foundation for financial services providers and mobile network operators to securely and efficiently link Visa payment accounts to smartphones, while also offering a solution to manage those accounts post activation. For consumers the service will include support for Visa and non-Visa payment, loyalty or mass transit applications on their smartphone.

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G&D to secure Intel mobile device platform

Giesecke & Devrient (G&D) security technology was selected to deliver lifecycle management of the embedded Secure Elements within Intel’s Smartphone Reference Device. G&D will manage the partitioning and key management of the embedded Secure Elements Over-the-Air. Embedded Secure Elements provide an additional protected area for security-sensitive applications such as payments and ticketing using NFC technology. Intel has included an embedded Secure Element in its recently announced Smartphone Reference Device, in addition to the conventional SIM card slot. G&D will act as Trusted Service Manager (TSM) for the Secure Element Issuer (SEI-TSM) providing the lifecycle management of the embedded Secure Elements.

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American Express Sponsors Live NBA Events & Digital Offers

American Express will make it easy for its Cardmembers and all fans in Orlando for NBA All-Star 2012 to get closer to the action of one of the most sought-after events in sports. From live viewing parties for fans to special foursquare offers on NBA merchandise and access to private events with former NBA players and NBA legends for Cardmembers, American Express will connect with its Cardmembers, merchant partners and all NBA fans to create unforgettable moments during NBA All-Star. American Express will host NBA fans at Universal Orlando CityWalk for the American Express NBA All-Star Viewing Parties.

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Chase, Capital One and Barclaycard Place Cards in Isis mWallet

Chase, Capital One and Barclaycard have entered into agreements with Isis enabling their credit, debit and prepaid cards to be placed into the Isis “Mobile Wallet.” Starting in mid-2012, consumers will be able to load their eligible Chase, Capital One and Barclaycard cards into their Isis Mobile Wallet and shop at participating merchants. The Isis “Mobile Wallet” will provide consumers a convenient and secure way to pay, redeem coupons and present loyalty credentials through a tap of their phone. Chase, Capital One and Barclaycard will tailor their cardholder service experience within the Isis Mobile Wallet to reflect their respective brands and ensure a seamless and secure experience across physical cards and mobile platforms.

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Global Payments Intros Developer Portal

Global Payments etransaction payment processing launched its “Developer Portal” website to simplify the onboarding process and make it easier for third party developers to access the tools they need to enable payment processing via Global Payments. This gives developers the ability to gain immediate access to the Global Payments “Global Transport” Software Development Kit (SDK) and other tools needed to facilitate end-to end-integration. The Portal will support payment enablement of a multitude of platforms including mobile apps, ecommerce Web sites and retail Point of Sale systems.

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