The Post Office plans to install an extra 500 ATMs in its branches. The P.O. has already committed to roll out 1,000 within the next five years under a deal with the Bank of Ireland. The P.O. recently installed a free-to-use ATM service at the Speke branch in Liverpool, replacing a fee-charging ATM. Since installing the free ATM service, use of the cash machine has already increased seven-fold. As a result, the Post Office also confirmed its intention to withdraw from its involvement with third party fee-charging ATM suppliers.Details
ESI Entertainment Systems has announced that its wholly owned
subsidiary, Citadel Commerce Corp., will pilot its “SecureSwipe”
device with Leisure & Gaming plc. “SecureSwipe” is a point of sale
terminal which enables an end user to swipe a credit or debit card and
enter a PIN to conduct an immediate secure payment from home. A consumer
can transfer “eMoney” into their “myCitadel Wallet” and pay by
physically swiping their credit card at home using an assigned
SecureSwipe pinpad device and electronically signing a receipt. Citadel
Commerce correctly codes the credit card transactions
according to card association regulations and the purchases are approved
because the payments are treated as card-present transactions. Citadel
Commerce is a provider of secure and efficient payment
processing services to the international online gaming industry.
Leisure & Gaming plc is a holding company focused on the interactive
betting and gaming sector.
Fair Isaac announced that ICICI Bank has become the first financial institution in Asia to implement its “Strategy Science” to enhance business performance in its retail credit portfolio. “Strategy Science” is Fair Isaac’s proprietary methodology for determining optimal decision strategies by using advanced analysis capabilities. Fair Isaac has been working with ICICI Bank since 2000 to help implement best practice credit and risk management techniques. The bank currently deploys Fair Isaac custom application scorecards and “TRIAD” adaptive control system to manage risk in its credit card portfolio.
The country’s credit card market has been growing at more than 30% annually.
Sagem Orga GmbH has received an order for two million debit
cards from Postbank. A decisive factor in awarding the contract to Sagem
Orga was the recent certification of its “SECCOS” (Secure Chip Card
Operating System) card to a CC certification level. Shipment of the
“SECCOS” smart cards and card bodies will begin in September 2006.
“SECCOS” is a secure operating system for multi-functional smart cards.
Unisys Corporation announced that its Brazilian subsidiary will provide
IT infrastructure outsourcing services to Brazil’s Unibanco. Under the
expanded relationship Unisys will provide outsourced management and
support services for Unibanco’s entire retail banking technology
infrastructure. The deal includes support and maintenance services for ATMs and check dispensers. More than 17,390 banking automation
devices and 7,576 ATMs are deployed across 1,150 branches in Brazil and
supporting the bank’s 19.3 million retail banking customers.
GlobalPlatform, Eurosmart and the Java Card Forum will host the 7th
annual “e-Smart Conference,” taking place on September 19-22 in Sophia Antipolis, French Riviera. “Mobile Telecom
and Security ” will emerge as the core theme in this year’s conference,
alongside discussions of “Emerging Technologies”, “Java
Operating Systems” and “Trusted Personal Devices”. GlobalPlatform
will again deliver a full-day “Technical Educational Training Workshop”
at Smart University on September 19, the event opener in the
series of conferences. The Workshop is the industry’s first interactive
curriculum that has been designed to educate smart card technology
implementers and end users on the advantages in deploying a standardized
smart card program. GlobalPlatform focuses on establishing and
maintaining interoperable specifications for single and
multi-application smart cards, acceptance devices and systems
infrastructure that deliver benefits to issuers, service providers and
technology suppliers. GlobalPlatform has about 50 cross-industry member organizations.
Western Union has announced the expansion of a pioneering initiative, the
“4×1 Program”, to the Mexican State of Michoacan. Western Union will
contribute a total of $1.25 million to the program, with $250,000
earmarked for each participating state in the program. The “4×1 program”
helps fund development projects in Mexican communities that experience
high levels of migration and poverty. With Western Union’s contribution,
the 4×1 Program has the potential to leverage $5 million in funding for
development projects in Mexico. The “4×1 Program” builds on the success of
Mexico’s current “3×1 program”, in which each government jurisdiction
(local, state and federal) matches remittances made by U.S.-based Mexican
hometown associations to communities in Mexico. Western Union has about 270,000 agent locations in more than 200 countries and territories.
Singaporeans will soon get to use one card to make seamless electronic
payments (e-payment) for their everyday needs, made possible as a result
of a collaboration spearheaded by IDA
working closely with the Land Transport Authority (LTA) and the
industry known as “SS 518 CEPAS”, the other key organisations in this
collaboration are the Cards & Personal Identification Technical
Committee (CPTIC) under the Singapore IT Standards Committee (ITSC),
Network for Electronic Transfers Singapore (NETS), and EZ-Link. CEPAS
will allow interoperability of multi-purpose stored
value card payment schemes such as the “NETS CashCard” and the “ez-link”
card. The Infocomm Development Authority of Singapore (IDA) is
committed to growing Singapore into a dynamic global infocomm hub.
Al Salam Bank has successfully gone live with CR2’s “BankWorld” ATM
solution. Al Salam Bank licensed “BankWorld Channel Manager, ATM
Controller and Client” towards the end of 2005 and implemented in three
months. It has also used CR2’s “CardWorld Producer” to provide proprietary debit cards to its customers. Al Salam Bank was launched in
May 2005 and is currently expanding to a number of countries in the
Middle East and Africa including Bahrain, Syria, Algeria and Morocco.
Interac Association has certified VeriFone’s “Vx 510” countertop and “Vx 610” wireless payment solution as meeting new chip card device requirements for Canada. The VeriFone systems are the first card acceptance devices to achieve Interac chip card certification. Interac has established a goal of initiating the first chip card transaction in 2007 and will impose financial sanctions beginning in 2010 on member banks who do not meet minimum required levels of chip conversion. The “Vx 510” and “Vx 610” are members of “Vx Solutions,” VeriFone’s next-generation payment systems family that incorporates a faster 32-bit processor, high security, consistent user interface, and sleek designs.Details
PayAllNow has selected Altair as its main issuer of customized
debit cards. PayAllNow will be offering co-branded prepaid debit cards
to its merchant customers, who will use them as payroll cards for their
affiliates and employees. Employees receive their wages on a card
rather than having to cash a check and therefore benefit from a
convenient and safe method of payment. As an open card solution, these
payroll cards carry MasterCard, VISA or Maestro marks.
Citi Cards UK and Germany’s Audi have teamed to officially launch the
“Audi MasterCard.” The new “Vorsprung durch Technik” card features no
fee for foreign currency transactions and a 10% discount on Audi fixed
maintenance costs. A six-month 0% APR applies followed by a variable
16.9% APR thereafter. The new card, first announced in March, also
offers a 12-month warranty extension for all major-brand domestic
electrical purchases made using the card, plus sweepstakes open only to
Audi Card customers.