Apple Pay is now available in France – with Visa debit and credit cardholders from Banque Populaire et Caisse d’Epargne (BPCE group) getting immediate access. Apple Pay can be used to touch and pay wherever Visa contactless payment is accepted. Visa says France already has over 400,000 merchant locations live with contactless payment today (19 […]
According to new research from Visa, consumers across Europe are interested in using biometrics when making a payment – especially when integrated with other security measures. About 73% of the 14,000 European consumers surveyed see two-factor authentication, where a biometric is used in conjunction with a payment device, as a secure way to confirm an […]
Why are the next generation of virtual cards the key to commercial card adoption? Alex Mifsud, CEO of Ixaris, explores the issue. Commercial cards are relatively commonplace in the business world, with companies using these cards to buy a raft of business related items, including client lunches, airline tickets & office supplies. Commercial cards come in […]
One million Visa cardholders in Switzerland now have access to the newly launched Apple Pay. Wirecard is now providing its clients with Apple Pay support too (see below for details). Cornèrcard and Bonuscard.ch customers will be able to use Apple Pay, which can be used at any of the over 100,000 contactless point-of-sale terminals in […]
Finnish fintech start-up Holvi has launched a debit card, Holvi Business MasterCard. It is available to customers in Germany, Austria and Finland. This follows on from the launch of a mobile banking app for iOS and Android last summer. Holvi, which was founded in 2011, provides entrepreneurs and SMEs with a range of financial and […]
UniCredit Bank, MasterCard and platform provider GoSwiff have launched mobile payments for Allianz-Tiriac Asigurari insurance agents in Romania. The partnership will enable Allianz-Tiriac agents to start accepting card payments with mobile point of sale (mPOS) for the insurance policies issued by the company. The firms say Allianz-Tiriac becomes the “first insurance company in Romania” to […]
Wirecard has reached a definitive agreement to acquire Citi Prepaid Card Services – giving it an expansion into North America. The firm says Citi Prepaid card services have launched over 2,500 client programmes, associated with global companies and brands, but primarily in North America. Subject to the usual regulatory approvals, the deal is expected to […]
Hundreds of UK-based jobs at Visa are in danger following the fallout from Brexit, according to Sky News. Sky News says it “has learnt that an agreement in the recent £17.5 billion takeover of Visa’s European operations by its American sister company included a stipulation that data from Visa card transactions should not leave Europe”. […]
American Express is partnering with Facebook to provide an Amex bot for its card members in Messenger. The concept will allow Amex card members to sign up to receive real-time notifications about their purchases, and information about card benefits and services related to those purchases. For example, if a member purchases an airline ticket, the […]
Banco CTT, a new bank recently launched by CTT Correios de Portugal, the Portuguese post office, has developed a new customer onboarding platform. The platform promises to complete the opening of a new account at Banco CTT in just 20 minutes online. It has been developed together with a local software specialist, Novabase. It is […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Visa Inc completes acquisition of Visa Europe Together again. Virgin Money UK in new banking software search Another one of Branson’s ventures. BIL embarks on major technology overhaul with Temenos Second time lucky? MoneyConf 2016: Woe to the […]
Visa Inc and Visa Europe are united again. The combined company provides digital payment products, services and processing to about 17,100 financial institution clients and partners, 40+ million merchant outlets, and three billion Visa accounts worldwide. The company says its branded cards and payment products amount to approximately $6.8 trillion in global payments volume annually. […]
US-based Silicon Valley Bank (SVB) and MasterCard are calling on US start-ups to apply for their Commerce.Innovated accelerator programme. The application process closes on 10th July, and the programme will run September to December. Commerce.Innovated is a four-month, bi-annual virtual accelerator, and this will be the fifth time it is held. Its organisers say it […]
Travelex has launched Supercard, a MasterCard and mobile app combo for UK travellers to avoid debit/credit card roaming fees and charges when spending abroad. Supercard will be chip and PIN protected. The security aspect will be taken care of by a payments firm Wirecard. Following a successful pilot, Supercard is now offered to the UK […]
Fintech start-up Neema has issued the MasterCard debit card for migrant workers from the Philippines, India, Nepal and Sri Lanka – which promises to drastically reduce the cost migrant workers pay to send money home. Neema says there are no transfer or foreign currency exchange fees. “One of the biggest expenses for migrant workers is […]
China will let foreign payment card firms operate in the country under rules issued on 7 June, according to Reuters. The announcement gives Visa and MasterCard the opportunity to tap into a CNY 55 trillion ($8.4 trillion) card payment market. Both companies have been lobbying for more than ten years for direct access to China’s […]
The European Commission has approved the proposed acquisition of Visa Europe by Visa Inc. This concludes all regulatory approvals required for this deal to go ahead, as the Jersey and the Turkish competition authorities have already given their stamps of approval. The transaction is expected to close in Visa Inc’s fiscal Q3 2016. The takeover […]
Italian payments firm SIA has teamed with Raphaels Bank to develop and launch payment solutions in the UK and across Europe. As part of the agreement, UK-based Raphaels and SIA will offer SEPA payments services to clients through the bank’s “indirect participation” in the SEPA Credit Transfer and SEPA Direct Debit schemes. Cristina Astore, head […]
The Banking Industry Architecture Network (BIAN), a not-for-profit fintech industry body, has added three new members to its global network. These are Misys, First Horizon and Al Rajhi Bank, the world’s largest Islamic bank. The total count of BIAN members now stands at 64, comprising banks, software and service providers, and academic partners. Hans Tesselaar, […]
Student Loans Company (SLC), a large government-owned lender in the UK, is believed to have halted its IT renovation project as it puts the contract with the supplier under review. SLC embarked on this massive project in early 2014 – awarding the contract to HCL. HCL bid jointly with Deloitte and Misys. HCL would be […]
Oman Arab Bank (OAB) has selected BPC Banking Technologies’ SmartVista suite for its payment business. SmartVista will replace the existing legacy platform, ACI Worldwide’s Open2. BPC says following a review and bid process, OAB selected its suite over ACI Worldwide and HPS. Fahd Amjad, GM retail banking at Oman Arab Bank, says the partnership with […]
CIMB Bank, in partnership with MasterCard, has launched its Corporate Card Solutions in Malaysia, a new addition to its suite of cash management products. The solutions include the corporate card and purchasing card which offer automated processes and real-time reporting; and a new virtual card solution for supply chain requirements. Tengku Dato’ Sri Zafrul Aziz, […]
Visa Europe says three billion contactless transactions were made across Europe on Visa cards and payment-enabled devices in the year to 30 April. This leap nearly triples that of the same period in the previous year. Tristan Kirchner, executive director, product management at Visa Europe, says it’s “extraordinary growth” and it’s due to the work […]
Ipreo, a fintech firm headquartered in New York, and Misys have signed an agreement to integrate Debtdomain and Misys FusionBanking LoanIQ for syndicated loan arrangers and agents. Mutual clients of Debtdomain and FusionBanking LoanIQ have previously integrated the products, but this deal will be the “first” that is jointly developed and supported by both Ipreo […]
Apple Pay support is expanding beyond American Express to Visa and MasterCard credit and debit cards from five of Singapore’s major banks. The big banks include POSB, DBS, OCBC, Standard Chartered and UOB. This latest deal is a significant development for Apple as it now has more than 80% of the Visa and MasterCard credit […]
Debit cards are on track to topple cash in 2021, when they will take over as the UK’s most frequently used payment method, according to trade association Payments UK. In its report, “UK Payment Markets 2016”, which looks at current and future payment behaviour in the UK, it reveals over 72,000 payments were made every […]
Italy’s Banca Popolare di Sondrio and Helpline have implemented NICE’s Robotic Automation solutions for loan approvals and credit card fraud prevention. Banca Popolare di Sondrio, which has 350 branches across the country, decided to implement NICE Robotics to speed up its online loan and credit approvals process. As a result, NICE says average handle time […]
The treasury function plays a pivotal role within a bank, and with great power comes great responsibility… and the need for automation. Misys and Banking Technology conducted a survey to find out about the changing role of the banks’ treasury and the degree of support received from current systems. How can technology help treasurers cope […]
Banking Technology and Misys conducted a survey to find out about the changing role of the banks’ treasury and the degree of support received from current systems. The results are in our infographics – great contents that is easy on the eye and easy to digest.
Many will be surprised by where the biggest transformations in fintech actually come from in the next few years. A true disruption probably won’t stem from a tech start-up that gets hot and rides the wave to a new normal in banking. No, it’ll actually be those old card-issuing behemoths, Visa and MasterCard, which will […]
Amidst the mass of humanity at Money 20/20 Europe in Copenhagen, Olivier Sery, general manager Iberia for TAS Group, took a few moments of his time to discuss the company’s software solutions for electronic money and payment systems; and its future plans. “We’ve done the investment, but now is the time to grow our footprint.” […]
The world of the banks’ treasury is changing. Treasurers are getting more involved with corporate governance, risk management and regulatory reporting. In this webinar, we will discuss the latest results of a survey run by Banking Technology with more than 100 treasurers earlier this year and discuss the implications of these results with treasurers, other […]
London-based Persia International Bank is replacing its legacy trade finance system, supplied by Surecomp. The new system is Eximbills, provided by Surecomp’s rival, China Systems. Surecomp’s product, IBSNet, has been running at the bank’s London and Dubai locations for over 15 years. It is integrated with the bank’s long-standing core banking platform, Misys’ Bankmaster. It […]
The new core banking platform, Aurius, supplied by UK-based fintech vendor Sword Apak, has ousted Misys’ Bankmaster at Julian Hodge Bank. Aurius is now fully live at this privately-owned bank in Cardiff, Banking Technology understands. The implementation started in spring 2014 and was initially expected to last 12 months. However, in reality the project took twice as […]
Inter-American Development Bank (IDB) is looking for a new back office system, Banking Technology understands. The bank is a long-standing customer of Misys. It has been using its Opics treasury and capital markets (TCM) system for many years, and in 2014 it also signed for Summit, another back office system from Misys’ portfolio of TCM […]
MasterCard’s net income in the first quarter of 2016 was $959 million, a decrease of 6%, or 2% on a currency-neutral basis. On top of this, its earnings per diluted share of $0.86 was down 3%, or up 1% on a currency-neutral basis, versus the year-ago period. The company says this was “as expected” and […]
Turkey has introduced its own card payment system, called TROY, and the nation is setting its sights on becoming a cashless society by 2023. Speaking at the launch, Dr Soner Canko, general manager of the Interbank Card Center (BKM) in Turkey, said: “Many countries around the world, from Canada and Italy to South Korea and […]
Misys today is launching Misys FinCloud, a range of cloud solutions and “global cloud environment” for its clients. It is supported by “selected global and local infrastructure providers, systems integrators and solution partners”, including Rackspace and NTT Communications, Misys says. With Misys FinCloud “clients gain faster access to innovation through shorter and more predictable on-boarding […]
MasterCard is in “exclusive” talks with VocaLink over a £1 billion-acquisition, according to Sky News. Sky News says it has learned that 13 banks, which are shareholders in VocaLink, have “approved a period of exclusivity within which MasterCard can negotiate a takeover of the company”. Out of those banks, Barclays, HSBC, Lloyds Banking Group and […]
Bermuda Commercial Bank (BCB) has gone live with Temenos’ T24 core banking system (R13). The bank has also implemented Temenos’ business intelligence and analytics tool, Insight, and an AML solution. Sofgen, a Switzerland-based specialist IT consultancy and integration firm (now part of Tech Mahindra), carried out the implementation. The project was 18 months in the […]
