Globe Telecom recently introduced an innovative solution earmarked to boost retail activity and set new standards of mobile commerce and retail payments among small and medium business (SMB) owners, providing customers operating start-up and small scale-stores, bazaars as well as retail outlets across the Philippines an alternative channel for payment transactions using a smartphone or a tablet. Globe Charge, a flagship product of Globe myBusiness, the business segment of Globe Telecom catering to SMBs and their communication needs, integrates a smartphone and an innovative mobile card reader into a convenient mobile point-of-sale (POS) payment device, eliminating the need for traditional and more expensive card terminals.Details
EyeVerify, San Jose, California, Finovate start-up and TSWG (The System Works Group) from Brisbane, Australia announces that TSWG NetTeller Mobile Money will integrate with EyeVerify’s Eyeprint Verification across iOS and Android devices.
TSWG is a leading provider of secure and agile digital banking technology, and will integrate the patented Eyeprint Verification technology; which is available only from EyeVerify and provides a highly accurate, user friendly biometric authentication stack.
Danish payment management company Pensio is undertaking a major relaunch and rebranding exercise and highlighting the evolution with a move to new offices in Copenhagen. Founded in 2008, the company has seen continuous growth with its breakthrough payment solutions. The new name of AltaPay is to underline the company’s new global ambitions.Details
NCR begun modernizing the ATM network of VTB24 with its SelfServ cash recycling functionality. The modular self-service systems help to improve the quality and reliability of service and make everyday financial transactions more convenient for customers.A cash recycling ATM dispenses cash deposited by one customer to the next customer withdrawing money. The cash recycling feature has been approved by the Russian Central Bank in early 2013. Since then, VTB24 has upgraded 65 of the existing intelligent deposit ATMs within its network to recycling functionality in Moscow and St. Petersburg. Cash recycling allows VTB24 to free up their bank tellers to provide superior customer service and engage new clients.Details
PPRO Group, end-to-end solution provider for international electronic payment, announced that it is expanding its international reach and has added new members to its team to drive this process.Since the start of 2014, three experts with vast, hands-on experience have been heading up sales, strategy and marketing activities. Director International Sales, Frank Breuss (38) is responsible for customer acquisition and for customer and partner relationship management. As Chief Strategy Officer, Ralf Ohlhausen (52) will be driving global expansion and Elke Woessner (39) will be looking after corporate communications as Head of PR andDetails
Payments volume for Diners Club International declined 2% year-on-year and 4% sequentially in the first quarter. After peaking at $7.2 billion in Q4/2012, the international card issued by Discover Financial Services, has experienced a softening in quarterly purchase volume by 9%. Acquired by Discover Financial Services in July 2008, the international payment card has consistently hovered between $6.5 billion and $7.0 billion in quarterly payments volume.Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa announced financial results for the Company’s fiscal second quarter 2014. Net income for the quarter was $1.6 billion, an increase of 26% over the prior year, or $2.52 per share, an increase of 31% over the prior year. These results include a tax benefit of $218 million of which $201…Details
WEX Inc. today announced that WEX Europe Limited has entered into an international agreement with Conferma, an expert provider of Virtual Card Number (VCN) technology for corporate travel and expense. The agreement builds on the virtual card technology and expertise of WEX Europe and will provide Conferma and its clients with business benefits internationally, building on WEX’s strengths in Virtual Credit, Debit and Prepaid payment solutions. The relationship brings a unique prepaid virtual product into Conferma’s suite of payment options for the first time, enabling Conferma’s partners to optimize payments by selecting the payment method that is most appropriate for each transaction type.Details
IndiSoft and Bluefin Payment Systems partnered to offer a fully integrated payment and security solution for IndiSoft clients. IndiSoft clients using the company’s RxOffice platform will have access to Bluefin’s PayConexTM payment processing platform which includes tokenization and transparent redirect security features, as well as Bluefin’s PayConexTM point-to-point encryption (P2PE) solution. Bluefin specializes in integrated cloud-based payment and security solutions for independent software vendors (ISVs) and SaaS providers. Bluefin recently introduced the first, and to date only, PCI-validated solution for P2PE in North America. PayConex P2PE encrypts credit and debit card data in a secure point of entry device, ensuring that clear-text cardholder data does not reach the merchant’s POS systems and networks where it could be exposed to malware.Details
Swift launched launched Bankers World Online directory online query tool which has been significantly upgraded to provide more data coverage, a wider breadth of financial information (including data from Reuters, Dun & Bradstreet, and Moody’s), and new intuitive features and functionalities. The service is part of the SWIFTRef portfolio, an industry-wide platform for global payments reference data. The new Bankers World Online service includes essential reference data, such as Business Identification Codes (BIC), International Bank Account Numbers (IBAN), Legal Entity Identifiers (LEI), national bank codes and more that are used to facilitate international payments and to fulfil new reporting requirements. It also includes important financial information from market data vendors and credit rating agencies, including credit ratings, shareholder information, balance sheet information, cash flows, and many more data sets about customers, suppliers and service providers.Details
Thuraya Telecommunications Company and The Western Union Company announced their agreement to offer top-up services for Thuraya prepaid SIMs for voice and data services using the Western Union® Quick PaySM service. The service is available at participating Western Union agent locations in the majority of the 200+ countries and territories in which the company provides services. This new and convenient method of payment enables Thuraya customers to recharge their pre-paid SIMS with no extra fee.Details
Checkprint secure paper and payment solutions was awarded a five-year contract extension by Nationwide Group to provide branch cheques and credit books. Having delivered almost 2.3 million checks, Checkprint checks can be issued to customers who do not have a chequebook facility as part of their account, for instance a savings account. Nationwide will continue to use Checkprint’s Customer Auto Replenishment Service (CARS), which automatically manages stock levels to ensure branches do not run out of cheques.Details