Paypal Cross Border Insights 2016
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Mobile Banking
Automated teller machine "Cash machine" Smaller indoor ATMs dispense money inside convenience stores and other busy areas, such as this off-premise Wincor Nixdorf mono-function ATM in Sweden. An automated teller machine (ATM) is a computerized telecommunications device that provides the customers of a financial institution with access to financial transactions in a public space without the need for a human clerk or bank teller. On most modern ATMs, the customer is identified by inserting a plastic ATM card with a magnetic stripe or a plastic smartcard with a chip, that contains a unique card number and some security information, such as an expiration date or CVVC (CVV). Security is provided by the customer entering a personal identification number (PIN). Using an ATM, customers can access their bank accounts in order to make cash withdrawals (or credit card cash advances) and check their account balances as well as purchasing mobile cell phone prepaid credit. ATMs are known by various other names including automated transaction machine,[1] automated banking machine, money machine, bank machine, cash machine, hole-in-the-wall, cashpoint, Bancomat (in various countries in Europe and Russia), Multibanco (after a registered trade mark, in Portugal), and Any Time Money (in India). Contents • 1 History • 2 Location • 3 Financial networks • 4 Global use • 5 Hardware • 6 Software • 7 Security o 7.1 Physical o 7.2 Transactional secrecy and integrity o 7.3 Customer identity integrity o 7.4 Device operation integrity o 7.5 Customer security o 7.6 Alternative uses • 8 Reliability • 9 Fraud 1 o 9.1 Card fraud • 10 Related devices • 11 See also • 12 References • 13 Books • 14 External links History An old Nixdorf ATM British actor Reg Varney using the world's first ATM in 1967, located at a branch of Barclays Bank, Enfield. -
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. -
NPCI Appoints FIME to Set up the Certification Body for India's
NPCI appoints FIME to set up the certification body for India’s Payment Scheme, RuPay FIME to define, manage and execute certification programme for RuPay 6 March 2014 – National Payments Corporation of India (NPCI), the umbrella organisation of all retail payment systems in the country, has appointed advanced secure-chip testing provider FIME to deliver its RuPay certification programme. NPCI will utilise FIME’s expertise in setting up EMV®-based certification board for its card payment scheme- RuPay. FIME will define the certification specification, laboratory setup, test plan specification, test tools and operate the certification board for RuPay. FIME will also be involved in setting up the certification process including the associated administrative and business operations. This certification board will be effective from March 2014. This will ensure all payment cards and point-of-sale terminals deployed under the brand align to the requirements of RuPay specifications. It will also ensure necessary infrastructural alignment of acquirers and issuers with the payment system. Prakash Sambandam, Director of FIME India says: “Many countries have, or are in the process of migrating to the EMV payment standard. Transitioning to a chip payment infrastructure will take time and require the implementation of new product development cycles. Adhering to RuPay, an EMV payment scheme will ensure that the products achieve the required functional and security standards and perform as intended, once live in the marketplace. This level of compliance is vital to ensure product interoperability and security optimisation”. In addition to enhanced security, the new payment platform presents opportunities to deliver advanced payment solutions – such as mobile and contactless payments – which are based on secure-chip technology. -
CANADA Executive Summary
Underwritten by CASH AND TREASURY MANAGEMENT COUNTRY REPORT CANADA Executive Summary Banking The Canadian central bank is the Bank of Canada / Banque du Canada. The bank is based in Ottawa and its authority derives from the Bank of Canada Act. Canada does not apply central bank reporting requirements. Resident entities are permitted to hold fully convertible foreign currency bank accounts domestically and outside Canada. Non-resident entities are permitted to hold fully convertible domestic and foreign currency bank accounts within Canada. Canada has 32 domestic banks and 24 subsidiaries of foreign banks that are permitted to offer the full range of wholesale and retail banking services. There are also five cooperative credit associations that are federally regulated. In addition, 33 foreign banks have established branches in Canada. Payments Canada’s two main interbank payment clearing systems are LVTS and ACSS. The most important cashless payment instruments in Canada are electronic credit transfers in terms of value and card payments in terms of volume. Although their usage is falling, checks remain an important form of payment. The increased use of electronic and internet banking has led to a growth in the use of electronic payments such as electronic credit transfers and direct debits. Card payments have increased steadily, especially in the retail sector. Liquidity Management Canadian-based companies have access to a variety of short-term funding alternatives. There is also a range of short-term investment instruments available. Cash concentration is the more common technique used by Canadian companies to manage company and group liquidity. Of the available techniques, zero-balancing is the most commonly used. -
Authorisation Service Sales Sheet Download
Authorisation Service OmniPay is First Data’s™ cost effective, Supported business profiles industry-leading payment processing platform. In addition to card present POS processing, the OmniPay platform Authorisation Service also supports these transaction The OmniPay platform Authorisation Service gives you types and products: 24/7 secure authorisation switching for both domestic and international merchants on behalf of merchant acquirers. • Card Present EMV offline PIN • Card Present EMV online PIN Card brand support • Card Not Present – MOTO The Authorisation Service supports a wide range of payment products including: • Dynamic Currency Conversion • Visa • eCommerce • Mastercard • Secure eCommerce –MasterCard SecureCode, Verified by Visa and SecurePlus • Maestro • Purchase with Cashback • Union Pay • SecureCode for telephone orders • JCB • MasterCard Gaming (Payment of winnings) • Diners Card International • Address Verification Service • Discover • Recurring and Installment • BCMC • Hotel Gratuity • Unattended Petrol • Aggregator • Maestro Advanced Registration Program (MARP) Supported authorisation message protocols • OmniPay ISO8583 • APACS 70 Authorisation Service Connectivity to the Card Schemes OmniPay Authorisation Server Resilience Visa – Each Data Centre has either two or four Visa EAS servers and resilient connectivity to Visa Europe, Visa US, Visa Canada, Visa CEMEA and Visa AP. Mastercard – Each Data Centre has a dedicated Mastercard MIP and resilient connectivity to the Mastercard MIP in the other Data Centre. The OmniPay platform has connections to Banknet for both European and non-European authorisations. Diners/Discover – Each Data Centre has connectivity to Diners Club International which is also used to process Discover Card authorisations. JCB – Each Data Centre has connectivity to Japan Credit Bureau which is used to process JCB authorisations. UnionPay – Each Data Centre has connectivity to UnionPay International which is used to process UnionPay authorisations. -
Merchants Where Online Debit Card Transactions Can Be Done Using ATM/Debit Card PIN Amazon IRCTC Makemytrip Vodafone Airtel Tata
Merchants where online Debit Card Transactions can be done using ATM/Debit Card PIN Amazon IRCTC Makemytrip Vodafone Airtel Tata Sky Bookmyshow Flipkart Snapdeal icicipruterm Odisha tax Vodafone Bharat Sanchar Nigam Air India Aircel Akbar online Cleartrip Cox and Kings Ezeego one Flipkart Idea cellular MSEDC Ltd M T N L Reliance Tata Docomo Spicejet Airlines Indigo Airlines Adler Tours And Safaris P twentyfourBySevenBooking Abercrombie n Kent India Adani Gas Ltd Aegon Religare Life Insur Apollo General Insurance Aviva Life Insurance Axis Mutual Fund Bajaj Allianz General Ins Bajaj Allianz Life Insura mobik wik Bangalore electricity sup Bharti axa general insura Bharti axa life insurance Bharti axa mutual fund Big tv realiance Croma Birla sunlife mutual fund BNP paribas mutural fund BSES rajdhani power ltd BSES yamuna power ltd Bharat matrimoni Freecharge Hathway private ltd Relinace Citrus payment services l Sistema shyam teleservice Uninor ltd Virgin mobile Chennai metro GSRTC Club mahindra holidays Jet Airways Reliance Mutual Fund India Transact Canara HSBC OBC Life Insu CIGNA TTK Health Insuranc DLF Pramerica Life Insura Edelweiss Tokio Life Insu HDFC General Insurance IDBI Federal Life Insuran IFFCO Tokio General Insur India first life insuranc ING Vysya Life Insurance Kotak Mahindra Old Mutual L and T General Insurance Max Bupa Health Insurance Max Life Insurance PNB Metlife Life Insuranc Reliance Life Insurance Royal Sundaram General In SBI Life Insurance Star Union Daiichi Life TATA AIG general insuranc Universal Sompo General I -
04 April 2013 PCI Council Announces New Affiliate Members WAKEFIELD, Mass., 4 April, 2013
Media Contacts Laura K. Johnson, Ella Nevill PCI Security Standards Council +1-781-876-6250 [email protected] Twitter @PCISSC PCI SECURITY STANDARDS COUNCIL ANNOUNCES NEW AFFILIATE MEMBERS — First cohort of PCI SSC Affiliate members comprised of global payment security experts— WAKEFIELD, Mass., 4 April, 2013 — Today the PCI Security Standards Council (PCI SSC), an open, global forum for the development of payment card security standards announced that three organizations have joined the Council as the first Affiliate members. The Australian Payment Clearing Association (APCA), Cartes Bancaires CB and Interac Association will participate in this new capacity effective 1 April, 2013. The Council introduced the Affiliate membership class in 2012 as part of a continued drive to leverage industry expertise and broaden global input into the standards development process. Affiliate membership is open to regional and national organizations that define standards and influence adoption by their constituents who process, store or transmit cardholder data. This category offers Affiliate members the opportunity to become active participants on PCI working groups, in addition to playing an integral role in the standards development process. The Australian Payments Clearing Association (APCA) is the self-regulatory body set up by the payments industry to improve the safety, reliability, equity, convenience and efficiency of the Australian payments system. APCA represents 90 members that include the Reserve Bank of Australia, major and regional banks, building societies, credit unions, large retailers and other principal payments service providers. Cartes Bancaires CB, (Groupement des Cartes Bancaires CB), based in Paris, France, is an Economic Interest Consortium (GIE), and the governing body of the CB payment system. -
Payments in Poland 2017
Payments in Poland, 2017 Selected pages from the original report by Inteliace Research October 2017 Version: 17.c Table of contents Executive Summary 3. Retail landscape (merchants) and payment methods Slide 23: Brick&mortar (b&m) vs. online retail landscape, 2015-2017 1. Payments in Poland and in Europe Slide 24: Key payments methods available in B&M and in online retail, 2017 Slide 1: Consumer markets in Europe, 2016 Slide 25: Survey on payment methods in 72 large online stores, Oct. 2017 Slide 2: Total payments in Poland, structure by type, 2012-2016 Slide 26: Online merchants & payment methods– case (1/3): Allegro Slide 3: Total payments: Europe vs. Poland, structure by type, 2016 Slide 27: Online merchants & payment methods– case (2/3): RTVEuroAGD Slide 4: Card payment volumes in Europe & in Poland (1/2), 2014-2016 Slide 28: Online merchants & payment methods– case (3/3): empik.com Slide 5: Card payment volumes in Europe & in Poland (2/2), 2016 Slide 29: Key players in specialized mobile payments (parking, public /municipal transportation, regional railways), 2017 2. Payments and payment infrastructure in Poland Slide 30: Use of payment cards as tickets in public transport Slide 6: Card payments in Poland, 2012-2017F Slide 31: Block chain technology & bitcoin in Poland: Exchanges, bitcoin Slide 7: POS infrastructure evolution in Poland, 2012-2017F acquirers, merchants, 2017 2017 Poland, in Payments Slide 8: Cards/terminals in Poland by functionality, 2Q2015-2Q2017 Slide 9: ATM networks in Poland, 2012-2017H1 Slide 10: ATM cash withdrawals -
Pricing Schedule
PRICING SCHEDULE This is an example of terms that were available to recent applicants as of 12/31/18. They may not be available now. If you apply, your terms will be based on the terms of the offer when you apply. This Pricing Schedule is part of the Cardmember Agreement. Interest Rates and Interest Charges Annual Percentage Rate (APR) for Purchases 24.99%. This APR will vary with the market based on the Prime Rate.1 APR for Balance Transfers 24.99%. This APR will vary with the market based on the Prime Rate.1 APR for Cash Advances 26.99%. This APR will vary with the market based on the Prime Rate.1 Penalty APR and When It Applies None Your due date is at least 25 days after the close of each billing period (at least 23 days for billing periods that begin in February). We will not charge you any interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest on Paying Interest cash advances and balance transfers as of the later of the transaction date or the first day of the billing period in which the transaction posted to your Account. Minimum Interest Charge If you are charged interest, the charge will be no less than $0.50. Fees Annual Fee None Balance Transfer Fee 3% of the amount of each transfer. Cash Advance Fee Either $10 or 5% of the amount of each cash advance, whichever is greater. Late Fee None the first time you pay late. -
Statement of Account
Page No .: 1 Account Branch : HINJAWADI Address : SURVEY NO 244/3 4 5, RAJIV GANDHI INFOTECH PARK, NR TATA JOHNSON CONTROLS, MR. VIKAS VILAS GUNDEWAR City : PUNE 411057 State : MAHARASHTRA IBM INDIA LTD Phone no. : 020-61606161 EMBASSY TECH ZONE BLOCK 1 3/CONGO OD Limit : 0.00 RAGIV GANDHI INFOTECH PARK HINJEWAD Currency : INR Email : [email protected] PUNE 411057 Cust ID : 57679401 MAHARASHTRA INDIA Account No : 50100064376582 POTENTIAL A/C Open Date : 07/03/2015 JOINT HOLDERS : Account Status : Regular RTGS/NEFT IFSC: HDFC0000794 MICR : 411240018 Branch Code : 794 Product Code : 113 Nomination : Not Registered From : 01/12/2018 To : 24/01/2019 Statement of account Date Narration Chq./Ref.No. Value Dt Withdrawal Amt. Deposit Amt. Closing Balance 01/12/18 UPI-00000033981657454-KADAMAKSHAY0609199 0000833511316354 01/12/18 700.00 80,198.91 4-2@OKSBI-833511732270-UPI 02/12/18 POS 436303XXXXXX5421 AMAZON PAY INDIA PO 0000833618562939 02/12/18 133.40 80,065.51 S DEBIT 02/12/18 UPI-19744201000007-ADD-MONEY@PAYTM-83364 0000833616221735 02/12/18 1,207.00 78,858.51 0061229-OID6674285046@PAYTM 02/12/18 UPI-7211944321-RAJPALREDDY222@OKHDFCBANK 0000833619577058 02/12/18 10,000.00 88,858.51 -PAY-833619000984-PAY BACK 04/12/18 UPI-19744201000007-ADD-MONEY@PAYTM-83383 0000833813198618 04/12/18 150.00 88,708.51 7221066-OID6690236203@PAYTM 05/12/18 UPI-19744201000007-ADD-MONEY@PAYTM-83393 0000833914697379 05/12/18 30.00 88,678.51 8487341-OID6699231984@PAYTM 05/12/18 UPI-19744201000007-ADD-MONEY@PAYTM-83393 0000833914700771 05/12/18 1,000.00 -
New Debit Card Solutions At
New Debit Card Solutions Debit Mastercard and Visa Debit are ready Swiss Banking Services Forum, 22 May 2019 Philippe Eschenmoser, Head Cards & A2A, Swisskey Ltd Maestro/V PAY Have Established Themselves As the “Key to the Account” – Schemes, However, Are Forcing Market Entry For Successor Products Response from the Maestro and V PAY are successful… …but are not future-capable products schemes # cards Maestro V PAY on Lower earnings potential millions8 for issuers as an alternative payment traffic products (e.g. 6 credit cards, TWINT) Issuer 4 V PAY will be 2 decommissioned by VISA Functional limitations: in 20211 – Visa Debit as 0 • No e-commerce the successor 2000 2018 • No preauthorizations Security and stability have End- • No virtualization proven themselves customer High acceptance in CH and Merchants with an online MasterCard is positioning abroad in Europe offer are demanding an DMC in the medium term online-capable debit as the successor to Standard product with an Merchan product Maestro integrated bank card t 2 1: As of 2021 no new V PAY may be issued TWINT (Still) No Substitute For Debit Cards – Credit Cards With Divergent Market Perception TWINT (still) not alternative for debit Credit cards a no alternative for debit Lacking a bank card Debit function Limited target group (age, ~1.1 M 1 ~10 M. creditworthiness...) Issuer ~48.5 k ~170 k1 No direct account debiting DMC/ Visa Debit Potentially high annual fee End-customer Lower customer penetration Banks and merchants DMC/ P2P demand an online- Higher costs Merchant Visa Debit -
India Fintech Sector a Guide to the Galaxy
India FinTech Sector A Guide to the Galaxy G77 Asia Pacific/India, Equity Research, 22 February 2021 Research Analysts Ashish Gupta 91 22 6777 3895 [email protected] Viral Shah 91 22 6777 3827 [email protected] DISCLOSURE APPENDIX AT THE BACK OF THIS REPORT CONTAINS IMPORTANT DISCLOSURES, ANALYST CERTIFICATIONS, LEGAL ENTITY DISCLOSURE AND THE STATUS OF NON-US ANALYSTS. U.S. Disclosure: Credit Suisse does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. Contents Payments leading FinTech scale-up in India .................................. 8 8 FinTechs: No longer just payments ..............................................14 Account Aggregator to accelerate growth of digital lending ...............................................................................22 Digital platforms and partnerships driving 50-75%of bank business ...28 Company section ..........................................................................32 PayTM (US$16 bn) ......................................................................33 14 Google Pay ..................................................................................35 PhonePe (US$5.5 bn) ..................................................................37 WhatsApp Pay .............................................................................39