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Payments Insights. Opinions. Volume 24
#payments insights. opinions. Tap. Touch. Speak. Grab and Seven themes impacting the future of payments go. The way we make payments is changing faster than any Winners in the future payments ecosystem will be those that make the right decisions other area of financial services. today. Understanding these seven key themes reshaping payments will help leaders make those decisions and determine how best to differentiate themselves in this New technology and changing fast-changing landscape. customer expectations are shattering the status quo and ushering in a growing number Continued on page 3 of new players that are challenging the traditional role of banks. Volume 24 03 Seven themes impacting the future of payments Understanding the themes transforming payments can help banks make strategic investment decisions and emerge as winners. 07 Why real-time payments are the new normal — and how payments providers can adapt As RTP schemes expand, providers will need to assess readiness and define a clear strategy for platforms, operations, risk and customer experience. Editorial 10 How the mPOS business model expands This newsletter comes to you as many of us prepare to meet again at beyond payments acceptance Sibos – the world’s premier financial services event, held this year in London, 23 to 26 September 2019. EY is a proud sponsor of Sibos, and commends As pure payments acceptance becomes a their efforts to bring together the global financial services and payments commodity for smaller merchants and fees from transaction processing come under community. pressure, mPOS providers are putting a This year’s theme is an exciting one that touches on many of the issues we strategic focus on value-added services to are covering in this #payments issue: “Thriving in a hyperconnected world” continue their high growth. -
B+S Card Service: Transaction Volume Grows – Newly Established Top Management
Press release B+S Card Service: Transaction Volume Grows – Newly Established Top Management Frankfurt/Main, January 28th 2013. Once again, in the just ended fiscal year 2012 (October 2011 thru September 2012), B+S Card Service was able to grow processing volume originating from the processing of card payment transactions. In whole, B+S, a partly owned subsidiary of Deutscher Sparkassenverlag, processed payments amounting to 23.1 billion Euros (2 per cent increase) – the B+S all-time corporate record since start up in 1989. At the end of the 2012 fiscal year, B+S had more than 227,000 customers in fourteen European countries. As one of the few companies not only offering one-stop network and POS but also comprehensive acquiring services, B+S currently operates approximately 167,000 payment terminals that processed roughly 553 Million transactions during the fiscal year. B+S Innovation in Contactless Payment In 2011/12, the focus in particular was on product development for contactless payments. B+S started the service of payment processing compliant to the new girogo payment process and as first service provider even introduced two further contactless-enabled payment terminals H5000 and VX820 to the German market. The product portfolio was honoured with numerous awards, most recently with an innovation prize sponsored by the Deutscher Sparkassen- und Giroverband (German Savings Banks Association, DSGV) contactless payments terminal competition.“. - 1 - „From a product perspective, contactless payment remains the central issue for our company“, B+S managing director Matthias Kaufmann explains. “Especially in Germany it accelerates the existing trend towards distinctly more cashless payments. -
Sonderbedingungen Für Die Girocard (Fassung
Girocard (Debit Card) The present translation is furnished for the customer’s convenience only. The original German text is binding in all respects. Special Terms and Conditions In the event of any divergence between the English and the German texts, A. Guaranteed Types of Payment constructions, meanings, or interpretations, the German text, construction, meaning B. Other Bank Services or interpretation shall govern exclusively. C. Additional Applications D. Amicable Dispute Resolution and Other Possibilities for Complaints A. Guaranteed Types of Payment I. Scope of Application Girocard is a debit card. Card Holder may use the Card for the below payment services if the Card and the terminals are equipped accordingly: 1 in connection with a personal identification number (PIN) with all German debit card systems: a) for withdrawing cash at cash machines belonging to the German cash machine system showing the girocard logo; b) for using it with retailers and services providers at automated tills belonging to the German girocard system showing the girocard logo (“Girocard Terminals”); c) for topping up prepaid mobile phone accounts at cash machines which a user has with a mobile phone operator if the cash machine operator offers such services and the mobile phone operator participates in the system. 2 in connection with a personal identification number (PIN) with third-party debit card systems: a) for withdrawing cash at cash machines belonging to third-party cash machine systems if the card is equipped accordingly; b) for using it with retailers and services providers at automated tills belonging to third-party systems if the card is equipped accordingly; c) for topping up prepaid mobile phone accounts at third-party cash machines which a user has with a mobile phone operator if the cash machine operator offers such services and the mobile phone operator participates in the system, whereby Card acceptance by third-party systems is subject to the third-party system acceptance logo. -
Interim Report-The Committee for Promoting Use of Advanced Means
Interim Report The Committee for Promoting November Use of Advanced Means of 2015 Payment in Israel Interim Report of the Committee for Promoting Use of Advanced Means of Payment in Israel Table of Contents 1. Introduction .................................................................................................................... 2 2. Executive summary ........................................................................................................ 3 3. Introduction .................................................................................................................... 6 4. Overview of advanced means of payment world-wide .................................................. 8 5. Overview of advanced means of payment in Israel ..................................................... 10 6. Advantages of using advanced means of payment ....................................................... 17 7. Alternatives for conducting transactions using advanced means of payment in the current payment systems .......................................................................................................... 19 8. Barriers to using advanced means of payment ............................................................. 23 9. Risk associated with use of advanced means of payment ............................................ 26 10. Legal aspects related to promoting use of advanced means of payment...................... 31 11. Summary and recommendations ................................................................................. -
2013 Annual Report and Form 10-K 1 a Letter from the CEO
Contents Financial Metrics 1 Letter from the CEO 2 Cardtronics At A Glance 4 Infographic: A Cashless Society? 5 Traditionally Strong 6 Transformative Acquisitions 8 Enterprising ATM Estate 10 Executive Leadership 12 Inside Back Contact Information and Notices Cover Where Cash Meets Commerce Financial Metrics Total Revenue (in millions) 2009 493.4 2010 532.1 +12% vs. 2012 2011 624.6 2012 780.4 2013 876.5 218.8 1.93 1.61 +15% 189.5 +20% vs. 2012 vs. 2012 1.37 156.3 130.8 1.00 110.4 0.68 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 Adjusted EBITDA* Adjusted Diluted Earnings per Share* (in millions) 2009 30.2% 2009 74.9 2010 32.3% +1.8% 2010 105.2 +34.6% 2011 32.7% vs. 2012 2011 113.3 vs. 2012 2012 31.3% 2012 136.4 2013 33.1%* 2013 183.6 Adjusted Gross Profit Margin* Operating Cash Flows (in millions) *For details on the calculation of Adjusted EBITDA, Adjusted Diluted Earnings per Share and Adjusted Gross Profit Margin, please see the reconciliation included in the Form 10-K. 2013 Annual Report and Form 10-K www.cardtronics.com 1 A Letter From the CEO Dear Cardtronics Shareholders, 2013 proved to be a productive blend of solid execution, growth, strategic investment and creation of shareholder value. Our model for investors emphasizes steady, reliable growth. And on that note, we are pleased with our performance. In 2013, solid performance from our traditional core drivers melded together with two transformative acquisitions and a series of strategic investments and realignments that will drive our future growth — including creation of the Enterprise Growth Group, whose sole charge is to deliver the most valuable consumer ATM experience. -
The Credit Card Industry in Israel
The credit card industry in Israel David Gilo, Faculty of Law, Tel-Aviv University Yossi Spiegel, Faculty of Management, Tel Aviv University, September 2005 2 Major Israeli banks and their credit card companies Banks and market shares in 2004 1998 – 2000 2000 – 2005 in terms of deposits by the public Bank Hapoalim - 29.8% Isracard (100% owned): Isracard (100% owned): • Isracard (100%) • Isracard (100%) • Mastercard (100%) • Mastercard (≈ 100%) • American Express (100%) • American Express (100%) • Visa (N/A) Bank Leumi - 25.6% CAL (65% owned): Leumi Card (100% owned): • Visa (84%) • Visa Leumi (≈ 50%) • Mastercard (N/A) Israel Discount Bank - 17.6% CAL (35% owned) CAL (51% owned): • Visa (≈ 50%) • Mastercard (N/A) Bank Hamizrachi - 10.7% First Int'l Bank - 8.5% Alpha Card (67% owned): CAL (20% owned) • Visa (16%) 3 Credit cards and market shares in acquisition (most of the data is from 2001) Credit card Cards Number of cards Market share in company (in millions) acquiring Isracard Isracard 1.1 47% Mastercard 0.3 American Express 0.15 Visa N/A Cal Visa Cal 1.1 31.8% Mastercard N/A Diners card 0.16 Leumi Card Visa Leumi 1.2 15.3% (2004) Mastercard N/A Others 5.9% Total active cards 3.8 (2004) Number of active cards grew at an annual rate of 9.1% since 1982 (from 0.55 million) 4 Main features of Israeli credit cards !"Deferred debit cards; virtually no credit cards and no debit cards !"Credit cards are also ATM cards and in effect are tied with bank accounts (Bank Leumi's clients were unilaterally transferred from CAL). -
V PAY Card Disclosure, Terms and Conditions
account information V PAY Card Disclosure, Terms and Conditions Table of Contents I. Types of Payments or Transfers ......................................... 2 II. General Rules .................................................................... 2 III. Fees and Limits on Transfer Amount ............................... 4 IV. Account Holder’s Liability for Unauthorized Charges ...... 4 V. Special Rules for Other Uses ............................................. 5 VI. Other Disclosures and Information ................................. 5 V PAY Disclosure, Terms, and Conditions The following information is being provided to you in accordance with Regulation E and the Electronic Funds Transfer Act, and German law. Service Federal Credit Union (Service CU) intends the V PAY Card for use in Europe only. NOTE: The Service CU V PAY Card (formerly, Girocard) will be activated only in support of point-of-sale (POS) debit transactions, to include contactless transactions. Uses of this card for ATM withdrawals, as a chip-based purse (GeldKarte), or to support third party applications are not authorized. I. TYPES OF PAYMENTS OR TRANSFERS The cardholder may use the Service CU V PAY Card (hereinafter referred to as “Card”), for the following payment services. A. In combination with the Personal Identification Number (PIN), which includes Contactless Payment, in German debit card systems: For use at retailers and service companies at POS terminals operated under the German electronic cash system identified by the V PAY logo. B. In combination with the PIN, which includes Contactless Payment, in foreign debit card systems: For use at retailers and service companies at POS terminals operated under a foreign system, provided that the Card is issued with the corresponding functions. In some countries, a signature may be requested instead of a PIN, depending on the system. -
The Credit Card Industry in Israel
Preliminary and incomplete The credit card industry in Israel David Gilo* and Yossi Spiegel** September 2005 Abstract: Since 1998, the Israeli credit card industry was transformed from a duopoly with two credit card companies which offer proprietary cards to a triopoly with two large open systems, Visa and Mastercard, which are issued and acquired by each of the three credit card companies. Regulatory intervention by the Israeli Antitrust Authority (IAA) played a key role in bringing about this structural change. In this paper we first review the Israeli credit card industry and then discuss in detail the regulatory intervention by the IAA. * The Buchmann Faculty of Law, Tel-Aviv University, Ramat Aviv, Tel Aviv, 69978, Israel, email: [email protected]. ** Faculty of Management, Tel Aviv University, Ramat Aviv, Tel Aviv, 69978, Israel. Email: [email protected], http://www.tau.ac.il/~spiegel Both authors were economic experts for Supersol (the largest supermarket chain in Israel) in the Israeli credit card case. 1 1. A brief history of the credit card industry in Israel Until 1998, there were two main players in the Israeli credit cards industry: Isracard, which was established in 1975 and is 100% owned by the largest bank in Israel, Bank Hapoalim, and CAL which was established in 1978 and was jointly owned at the time by the second largest bank in Israel, Bank Leumi (65%), and the third largest bank, Israel Discount Bank (35%). Isracard issued its own brand of credit card, called Isracard, for domestic use in Israel, and Mastercard and American express card for use in Israel and abroad, while CAL issued both Visa cards, under the brand name Visa CAL, and Diners Club cards. -
CG Gateway Redirect (MPI) Hosted Payment Page
CG Gateway Redirect (MPI) Hosted Payment Page Implementation & Integration API Document Version: 2.3 Date: 21/06/2020 CreditGuard 2020 LTD © All rights reserved Page 1 of 50 CreditGuard Ltd. 18 Ben Gurion st., Givat Shmuel T: +972 3 7370700 F: +972 3 7370790 PREFACE .............................................................................................................................................................................. 4 1. OVERVIEW 4 2. RELATED DOCUMENTS 4 3. TERMS 4 4. GENERAL FLOW 4 5. PROCESS DIAGRAM 5 HOW TO SEND REQUESTS TO CG GATEWAY ? ...................................................................................................................... 6 1. OVERVIEW 6 2. HTTPS POST REQUEST INTERFACE 6 3. CG GATEWAY WEB SERVICE INTERFACE 7 SIMPLE CREDIT CARD TRANSACTION SETUP ........................................................................................................................ 9 1. OVERVIEW 9 2. TRANSACTION SETUP 9 3. HOSTED PAYMENT PAGE 15 4. TRANSACTION LANDING PAGES 17 5. USING DYNAMIC LANDING PAGE URLS 19 6. TRANSACTION VALIDATION 20 7. TRANSACTION QUERY 20 8. RESPONSE MAC VALIDATION 24 9. CREDIT CARD TOKENIZATION 25 26 ...................................................................................... (עסקת תשלומים) ADDING INSTALLMENTS TO THE PAYMENT PAGE 1. OVERVIEW 26 2. TRANSACTION SETUP 27 3. HOSTED PAYMENT PAGE 28 ADDING PAYPAL OPTION TO THE PAYMENT PAGE ............................................................................................................. 32 1. OVERVIEW 32 -
Assessing the Benefits of Instant Issuance
www.cardsinternational.com Issue 548 / october 2017 NEW CARD, NEW TRICK? ASSESSING THE BENEFITS OF INSTANT ISSUANCE COUNTRY SNAPSHOTS FEATURE ANALYSIS Key data and insight into The Uber Barclaycard co- Scotiabank claims a first card payments in Israel, branded credit card. Next with the launch of cashback Ireland and Turkey stop, world domination? on debit cards CI October 548.indd 1 16/10/2017 15:47:00 contents this month NEWS COVER STORY 05 / EDITOR’S LETTER INSTANT ISSUANCE, 06 / DIGEST • Elavon, Poynt to offer smart payment terminal in Canada THE NEW CARD TRICK • Wells Fargo adds NFC capability • Maybank teams with FC Barcelona • Mastercard opens Indian lab • Discover allows cashback redemption via Apple Pay • Evry signs five-year deal with Aktia • Commonwealth Bank to launch card with interest rate below 10% • Mastercard, Andhra Pradesh agree MoU • Mastercard, PayPal expand partnership • BNZ to add Apple Pay support • Bitflyer launches Visa prepaid card • Mobile to surpass credit cards by 2019: UN report 14 • CPP launches wallet-tracking card Editor: Douglas Blakey Group Editorial Director: Director of Events: Ray Giddings +44 (0)20 7406 6523 Ana Gyorkos +44 (0)20 3096 2585 [email protected] +44 (0)20 7406 6707 [email protected] [email protected] Senior Reporter: Patrick Head of Subscriptions: Brusnahan Sub-editor: Nick Midgley Alex Aubrey +44 (0)20 7406 6526 +44 (0)161 359 5829 +44 (0)20 3096 2603 [email protected] [email protected] [email protected] Junior Reporter: Briony Richter Publishing Assistant: Sales Executive: Jamie Baker +44 (0)20 7406 6701 Joe Pickard +44 203 096 2622 [email protected] +44 (0)20 7406 6592 [email protected] [email protected] Customer Services: +44 (0)20 3096 2603 or +44 (0)20 3096 2636, [email protected] Financial News Publishing, 2012. -
OVERVIEW SUPPORTED PAYMENT METHODS International
OVERVIEW SUPPORTED PAYMENT METHODS International Internationally, credit cards are the widest accepted payment method. Adyen supports the major credit cards, enabling payment acceptance from anywhere in the world. Visa Credit and debit cards by Visa. MasterCard Credit and debit cards by MasterCard. Maestro Debit cards by MasterCard. International Credit cards by American Express, including SafeKey 3D- American Express Secure. Diners Credit cards by Diners Club. JCB Credit cards by JCB, including J/Secure 3D-Secure. UATP Corporate Travel Card. Union Pay Credit cards by UnionPay. Bank Transfer International bank transfer with IBAN or BIC. International CashTicket Prepaid Card. ClickandBuy Wallet. Neteller Wallet. PayPal Wallet. PaySafeCard Prepaid Card. Qiwi Wallet that can also be topped up via payment terminals. Skrill Wallet, formerly known as Moneybookers. Payment via premium SMS and telephone using various SMS and IVR international providers. Ukash Prepaid Card. Western Union Western Union money transfer service. Page 1 Overview Supported Payment Methods c 2012 ADYEN BV - August 23, 2012 Europe Loyalty cards Support for various loyalty and store cards. Austria Bank Transfer Offline bank transfer. Sofortbanking Online banking supporting various local banks. Belgium Bank Transfer Offline bank transfer. BanContact / Mr. Debit card in Belgium. Cash Sofortbanking Online banking supporting various local banks. Denmark Primarily credit card and the local debit scheme. Bank Transfer Offline bank transfer. Dankort Local debit card scheme. Open Invoice Payments on credit by open invoice. Finland Primarily Credit Card. Besides this there is a very good market share for online banking. Bank Transfer Offline bank transfer. Ålandsbanken Online banking. Handelsbanken Online banking. Nordea Online banking. -
M2020 USA COMPANIES 22.6.21.Xlsx
$1 CUNA Strategic Services Kinecta Federal Credit Union RSA Security 14 West Curacao Money Transfer King Irving Consulting Group Russell Reynolds Associates 2nd Order Solutions Currency Cloud Kinnevik Capital Limited Safrapay 3Rivers Federal Credit Union Cvent KKR Capital Markets LLC Sageview Capital 4Front Credit Union Cvent HQ KnovaOne Salelytics 5Point Credit Union DadeSystems Kobie Marketing, Inc. SalesOptimize 7 Mile Advisors DailyPay, Inc KONA I Co., Ltd. Sanctum Insights LLC Abound Daimler Mobility Services GmbH KoreFusion International Sandy Spring Bank Accenture Dancu Partners, LLC KPMG Santander Commercial Banking Accutrend Data Corporation Dash Kunai Santander InnoVentures ACI Worldwide DataSeers Ladenburg Thalmann Financial Services Saola Ventures Acria UG (haftungsbeschränkt) DataX, LTD Launchpad Capital Sapphire Ventures Acuant Inc daVinci Payments Inc. Lazard Middle Market Schedulicity Adcel Mobile Card Inc. DC Bank LenderClose Schools First Federal Credit Union Adcel MobileCard Debt Advisor Lendio Scienaptic Systems Administrative Services, LLC, a Neustar Company Deduce, Inc LendIt Fintech Scotiabank adorsys GmbH & Co. KG Dell Boomi LendKey Seattle Bank adorsys Group Deloitte LendUp Securitize Inc AffiniPay Deloitte Uk Lenny Crotty SecurityMetrics Affinity Plus Demica Levvel - IT Consulting Firm Seek Capital Affinity Plus Federal Credit Union Demica Limited LexFin SEFCU Affinity Solutions Desert Financial Credit Union LexisNexis SegPay AIS Media, Inc Deserve LexisNexis Risk Solutions SEI Investments Aite Group Deutsche Bank LF Search Senacor Technologies AG AKBANK T.A.S. Deutsche Bank - London LGE Community Credit Union Sensibill Akoya LLC Deutsche Bank AG LGFCU Sensibill Inc. Alkami Technology Deutsche Bank Securities Liberis Serrala Group GmbH All My Papers Deutsche Bank Trust Co America Liberty Mutual Insurance ServiceNow, Inc Allegro.pl Sp.