DOCSLIB.ORG

Executive Briefing Issue 2 August 2009

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Executive Briefing Issue 2 August 2009 Executive Briefing Issue 2 August 2009 Welcome News Welcome to another issue of Executive Briefing, First Data’s online ATM collaboration in India newsletter, keeping you up to date with recent company events, new customer wins and service offerings. In this issue, we focus on the continuing success of FirstVisionTM, our global issuing and consumer finance processing solution, offer information on decision management solutions and insight into the challenges for electronic payments in emerging markets. We hope you find something of interest and, as always, welcome your comments and feedback. Rana Kapoor of YES BANK with First Data’s Nigel Lee Newsflash First Data and YES BANK are joining forces to create an expanded network of ATMs M & A award for Trionis across India. The initiative will significantly First Data has won a Cards International award enhance the availability of ATMs to India’s for Best Merger and Acquisition, in recognition of cardholders and introduce the concept Trionis, the interbank processing business jointly of ‘convenience ATMs’ to the market. owned by First Data and 15 former EUFISERV shareholders. First Data’s Paul Stanley (pictured) Print Centre opens in Turkey collected the award at the Cards and Payments First Data has opened a new printing facility Europe 2009 event in June. Trionis was launched in Istanbul. The 24/7 operation provides in September 2008 to provide interbank payment specialised print and electronic mail switching services throughout the Single Euro solutions for bank, credit card and other Payments Area (SEPA) and beyond. financial statements for customers in south-eastern Europe and the Middle East. Expanding card acceptance in Asia with Merchant Solutions INDUSTRY COMMENT Merchant Solutions, the acquiring joint Seizing the opportunities in emerging payments markets venture between First Data and Standard Chartered Bank, has signed new card Emerging markets are becoming the growth engine for the global acceptance agreements with JCB payments industry. However, these countries face a range of International and China Union Pay (CUP). challenges from limited infrastructure to large unbanked populations. These agreements enable JCB and CUP First Data discusses how these challenges can be overcome. cardholders to use their cards at thousands > more of purchase points across China, Hong Kong, Macau, Singapore, Malaysia, Brunei, Bangladesh and Sri Lanka. continued.... Executive Briefing Issue 2 August 2009 FIRST DATA INSIGHTS UK customers choose FirstVision Prepaid mobile solutions Co-operative Financial Services and Vanquis Bank, both headquartered in the UK, have Banks and retailers have long used prepaid products to enter new renewed major processing contracts with markets, build their brands, drive customer loyalty and boost revenue. First Data, ensuring they will benefit from Expanding customer needs and advances in mobile commerce the company’s continuing investment in the and e-commerce have given prepaid products a competitive edge. FirstVision processing solution. First Data will provide card issuing and processing In a new paper, First Data’s Paul Stanley explores how organisations services to both banks until 2017. can leverage this trend to grow prepaid revenues. Outsourcing to boost liquidity Supporting all card schemes in Canada Outsourcing provides a cost-effective and flexible solution for banks looking to improve their liquidity. First Data’s Nadeem Shaikh Following a new agreement with Visa in examines how outsourcing payments processing can present Canada, First Data has become the first a viable alternative for banks faced with increased demands on merchant acquirer in the country to directly participate in all three major schemes: their investment capital and restricted technology budgets. Visa®, MasterCard® and Interac®. ATM management Next generation payment Despite the emergence of internet banking and, increasingly, mobile solutions company formed banking, the global installed base of ATMs is expected to grow significantly over the next three years. First Data’s Andrew Morss Bank of America N.A. and First Data have discusses how outsourcing can help banks to get more from their formed a new company that will deliver next-generation payments solutions to ATM networks. merchants ranging from small business to Canadian gift card consumer study commercial and corporate clients. Banc of America Merchant Services, LLC will provide A presentation featuring key findings from First Data’s annual clients with the most comprehensive suite market survey of gift card purchasers and receivers in Canada is of innovative payments solutions including now available. The presentation outlines 2008 trends and consumer credit, debit and prepaid cards to merchant needs for both closed and open loop gift cards in Canada and their loyalty, cheque and eCommerce payments. implications for gift card issuers. Six Australian credit unions Automating the invoicing presentment sign agreements with Cashcard and payment process Following Australia’s introduction of Direct Electronic Invoice Presentment and Payment (EIPP) software Charging in March, six of the country’s helps businesses to automate procurement and accounts payable credit unions – Maritime Mining & Power, transactions and provides an excellent alternative for companies Nova, Gateway, Intech, IMCU and Select – have signed one-way card acceptance unable or unwilling to invest in an enterprise electronic data agreements with Cashcard. The agreement interchange solution. First Data’s Jim Lister outlines how EIPP allows the credit unions’ cardholders to use software can deliver significant benefits with minimal capital outlay. Cashcard branded ATMs without incurring a direct charge. Cashcard, the First Data Please contact Gerard Lysaght, telephone +44 1268 297 032 owned network, is Australia’s largest or email [email protected] to request a copy of these independent ATM network with close white papers or click here to view the reports on our website. to 5,500 ATMs. continued.... Executive Briefing Issue 2 August 2009 SERVICES UPDATE Card processing for Poland’s Euro Bank FirstVisionTM - Processing Power and Performance Worldwide First Data has extended its card processing FirstVision is the new name for First Data’s strategic services agreement with Euro Bank S.A. consumer finance and issuing processing solution until 2012 and will support the upcoming which brings together years of payment expertise from launch of the bank’s new chip-based across the globe. In this interview, Nadeem Shaikh, Visa-branded payment cards. SVP of Financial Institutions, First Data, provides an insight into First Data’s development of a single Growing merchant relationships solution to deliver consistent functionality and in Korea technology in support of banks and retailers First Data has been selected by restaurant around the world. > more chain Bennigan’s Grill & Tavern and retailer Nike to provide point-of-sale and switching Analytics and decision management solutions services for their Korean operations. If you are a bank or retailer looking to maximise revenues, reduce risk or improve the customer experience, customer analytics and decision management tools can help you to make powerful, data-driven decisions across the entire customer lifecycle. > more EVENTS Middle East Client Conference Representatives of First Data’s banking customers in the Middle East enjoy a spectacular camel polo match, which preceded two days of presentations and discussions at the Middle East Client Conference held in Dubai at the end of April. For more information and news, please visit the press release section on our website www.firstdata.com. Contact us For further information on First Data or any of the items covered in this newsletter, please contact: Asia Judy Cooper on +65 6511 8725 or email [email protected] Australia & New Zealand Lisa Brodie on +612 9959 2054 or email [email protected] Germany Claudia Klein on +49 69 7933 1686 or email [email protected] Greece Sofia Roumeliotou on +30 210 624 4543 or email [email protected] Latin America & Canada Julie Holan on +1 321 263 3838 or email [email protected] Middle East Sunayana Kripalani on +971 50 4514263 or email [email protected] South Africa Lee-Anne Porter on +27 11 510 0294 or email [email protected] Turkey Aysu Balik on +90 212 290 34 34 or email [email protected] UK & Ireland Helen Owen on +44 1268 297278 or email [email protected] Other European Countries Silvio Piskernigg on +43 1 717 73 3393 or email [email protected] All General Enquiries Fabienne Knecht on +44 1268 296882 or email [email protected] > unsubscribe printer friendly format Executive Briefing Issue 2 August 2009 Seizing the opportunities in emerging payments markets Rapid economic growth in many emerging markets has led to an increasing demand for electronic payments. This can be seen in the strong rise in the number of general purpose payment cards across the globe. Cards in force rose 21.4 percent across the Middle East and Africa in 2007, while the increase in Asia-Pacific was 14.9 percent (*). In spite of the economic downturn, electronic payment growth rates are expected to continue in several of the main emerging markets, such as Brazil, Russia, India and China, albeit at a slower rate than previously predicted. There are several significant challenges to developing electronic payments in emerging payments
Load more

Recommended publications
  • Summary of the 21St Meeting of the Contact Group on Euro Payments Strategy (Cogeps)
    CONTACT GROUP ON EURO PAYMENTS STRATEGY (COGEPS) 15 March 2010 SUMMARY OF THE 21ST MEETING OF THE CONTACT GROUP ON EURO PAYMENTS STRATEGY (COGEPS) held on Wednesday, 28 October, from 9 a.m. to 5 p.m. at Hotel Crowne Plaza Brussels – Le Palace, Rue Gineste 3, 1210 Brussels, Belgium. Summary of the previous meeting The COGEPS members took note and approved the summary. 1. Retail payments issues 1.1 Cards a) ECB’s presentation Mr Tur Hartmann (Eurosystem) pointed out that a lot had already been achieved with regard to the creation of an integrated market for cards. However, there were still some issues remaining that needed to be addressed. In particular, the SEPA Cards Framework needed to become more detailed and there was a need to develop a Card Transaction Processing Framework. Furthermore, the rules of some individual schemes were still hampering the creation of an integrated cards market, and the separation between card scheme and processing entity needed to be enforced. He pointed out that it might be worthwhile for the three new card initiatives on the European market to consider joining forces. Claude Brun (Vice-Chair of the European Payments Council (EPC), Chair of the EPC Cards Working Group) stressed that the EPC’s role as far as cards were concerned was to promote standards. By no means would the EPC hamper new initiatives relating to cards. Mr Brun pointed out that in the cards business it was necessary to take a global perspective. Looking only at Europe could lead to the creation of a mini-SEPA.
    [Show full text]
  • Guida Ufficiale Offizieller Reiseführer Guide Officiel Official Guide Monte Lema, Malcantone Monte Lema, 105X210-IT/DE 14.1.2008 15:29 Pagina 1
    GUIDA UFFICIALE OFFIZIELLER REISEFÜHRER GUIDE OFFICIEL OFFICIAL GUIDE Monte Lema, Malcantone Monte Lema, 105x210-IT/DE 14.1.2008 15:29 Pagina 1 RA! UN’O LA SVIZZERA IN Aperto giornalmente Dal 15 marzo al 16 novembre 2008 dalle 9.00 alle 18.00 Melide - Lugano Tel: +41(0)91.640.10.60 www.swissminiatur.ch [email protected] Die Schweiz in einer Stunde! Täglich geöffnet vom 15. März bis am 16. November 2008 von 09.00 Uhr bis 18.00 Uhr Indice Benvenuti Willkommen 3 Bienvenue Inhalt Welcome Sommaire Index Pittogrammi Piktogramme 6 Pictogrammes Pictographs Lugano Malcantone 8 Mendrisiotto e Basso Ceresio Gastronomia Gastronomie Awards Restaurants 42 Gastronomie Gastronomy Casinos • Discoteche • Night clubs • Piano Bar • Cinema Tempo libero Lidi-Piscine | Strandbäder-Schwimmbäder | Plages-Piscines Freizeit 48 Beaches-Pubblic pools • Tennis • Centri fitness | Fitness center Temps libre Sport diversi • Verschiedene Sportarten | Sports divers | Various sports Free time Sentieri | Wanderwege | Sentiers | Pathes • Lama Trekking Escursioni Mountain bike • Parchi | Parkanlagen | Parcs | Parks Ausflüge Scacchi all'aperto | Schach im Freien | Echecs en plein air 74 Open-air chess • Altre attrattive | Weitere Sehenswürdigkeiten Excursions Autres curiosités | Other sights Trips Musei e architettura Edifici-Piazze | Gebäude-Plätze | Bâtiments-Places | Buildings-Squares Museen und Architektur 86 Chiese | Kirchen | Eglises | Churches Musées et architecture Museums and architecture Indicazioni utili Nützliche Hinweise 108 Indications utiles Helpful hints
    [Show full text]
  • Interchange Fee Na Rynku Polskim
    National Bank of Poland Payment Systems Department Analysis of the functioning of the interchange fee in cashless transactions on the Polish market Warsaw, January 2012 TABLE OF CONTENTS Introduction ......................................................................................................................... 4 Chapter 1. Description of the payment card market ......................................................... 6 1.1. Types of payment cards .......................................................................................... 6 1.2. Payment card systems ............................................................................................ 7 1.2.1. Types of systems and business models ............................................................... 7 1.2.2. Examples of schemes .........................................................................................10 1.3. Importance of the payment card market for its participants and the development of cashless transactions .........................................................................................11 Chapter 2. The development of the payment card market in Poland compared to other countries ............................................................................................17 2.1. Selected indicators of the development of the Polish payment card market ...........17 2.2. Selected indicators of the development of the payment card market - Poland against other EU countries .....................................................................................22
    [Show full text]
  • Ambitious Challenges Ahead for Savings and Retail Banking
    03 October 2005 Access to Finance Study – Measuring the Contribution of Savings Banks AMBITIOUS CHALLENGES AHEAD FOR SAVINGS AND RETAIL BANKING ISSUES Ambitious challenges ahead for savings and retail banking 2 Access to Finance Study – Measuring the Contribution of Savings Banks 3 ESBG calls for equal call-back right for EP and Council in the Lamfalussy process 4 Launch of EU/US Retail Banking Forum 5 BASEL II – Capital Requirements Directive (CRD) adopted by the European Parliament 6 EU continues the fight against money laundering and the funding of terrorism 7 EU policy proposals on asset management 8 WSBI/ESBG launch portal to guide users to cross-border VIEWS retail banking services 8 A Cards Framework for the Single Euro Payments Area 9 Savings banks and microfinance institutions (MFIs) 10 EVENTS AND TRAINING 11th WSBI Africa Regional Group meeting 12 Seminar on Retail Banking Strategies 13 11th Asia-Pacific Annual Regional Group meeting 14 Workshop on New Marketing Tools 15 Workshop on the Mobilisation of Savings for Amonatbonk 16 & & CONSULTANCY NEWS EU-China Financial Services Cooperation Project 17 AFFILIATED ORGANISATIONS EUFISERV signs agreement with China UnionPay 18 IN BRIEF Appointment of Managing Director of Postbank, Kenya 18 WSBI/ESBG has published 3 new “Perspectives” 19 Recent position papers and press releases 19 NEWS ISSUES Ambitious challenges ahead for savings and retail banking I would like to recall the features amongst financial players. Their fruitful WSBI 2005 General long-term commitment towards meeting Assembly, which took place in the critical needs of local communities September in Lima, Peru at the and society have increasingly materialised kind invitation of FEPCMAC, by the integration of social, environmen- the Federación Peruana de tal as well as economic concerns in their Cajas Municipales de Ahorro business operations and stakeholder y Crédito, to outline the three relations.
    [Show full text]
  • Cashless Payment Transactions
    Survey ZAVA Forms ZAVA01 – ZAVA03 Cashless payment transactions Acquirers NOTES I. SURVEY CHARACTERISTICS COVERAGE Data on payment cards and other payment instruments broken down into credit cards, debit cards and e-money. Amount and number of transactions broken down by card origin (domestic and foreign), by type of transaction (‘card-present’ or ‘card-not-present’ transactions for the purchase of goods and services; domestic cash withdrawals), and by business activity of the merchant; number of terminals. TYPE OF SURVEY Partial sample survey REPORTING INSTITUTIONS Acquirers (including ATM acquirers) FREQUENCY Monthly DEADLINE 1 month II. GENERAL REMARKS The forms are broken down according to card type. The individual forms should be completed separately for all payment instruments supplied (e.g. Maestro, Visa). For example, institutions that acquire MasterCard and American Express should complete two separate credit card forms (ZAVA01). In addition, either an e-money form (ZAVA03) or a debit card form (ZAVA02) should be completed if transactions with a prepaid MasterCard or a MasterCard debit card are processed. E_ZAVA_Erl/15.01.2020/Version 1.0 Page 1/4 Survey ZAVA Forms ZAVA01 – ZAVA03 The following abbreviations should be used for payment instruments. If a new payment instrument is available which is not listed in the table below, then details should be entered under ‘Other’. Payment instrument Abbreviation Payment instrument Abbreviation American Express AME M-Card MCA China UnionPay CHI paysafecard PAY Diners & Discover DIN PostFinance Card POS Eufiserv EUF Reka-Card REK Japan Credit Bureau JAP Visa Debit VDE (incl. V Pay) Maestro (incl. MasterCard Debit) MAE Visa VIS MasterCard MAS Other WEI The forms apply the following card definitions.
    [Show full text]
  • La Industria Bancaria Minorista Y Los Medios De Pagos Electrónico
    La industria bancaria minorista y los medios de pagos electrónico 15 de marzo de 2017 Versión final Informe realizado para: c/ Marqués de Villamejor, 5 28006 Madrid Tlf.: 34-91-520 01 00 Fax: 34-91-520 01 43 e-mail: [email protected] www.afi.es Contenido Contenido .................................................................................................................... 2 Listado de figuras ........................................................................................................ 3 Listado de tablas ......................................................................................................... 3 Listado de recuadros ................................................................................................... 4 Listado de acrónimos .................................................................................................. 4 0. Introducción .......................................................................................................... 6 1. Panorama actual de los medios de pago electrónico minoristas / de bajo valor en España ............................................................................................................. 9 1.1. Medios de pago “tradicionales” ..................................................................... 9 1.2. Nuevos medios de pago: pagos remotos y en movilidad ............................ 15 2. Análisis del marco regulatorio vigente y próxima adecuación normativa a PSD2 .................................................................................................................
    [Show full text]
  • Multilateral Interchange Fees
    Multilateral Interchange Fees Competition and regulation in light of recent legislative developments Maria Chiara Malaguti Alessandra Guerrieri Research Report Research European Credit No. 15 Research January 2014 Institute Multilateral Interchange Fees: Competition and Regulation in light of Recent Legislative Developments Maria Chiara Malaguti Alessandra Guerrieri January 2014 Abstract Two-sided payment card markets generate costs that have to be distributed among the participating actors. For this purpose, payment card networks set an interchange fee, which is the fee paid by the merchant’s bank to the cardholder’s bank per transaction. While in recent years many antitrust authorities all over the world - including the European Commission - have opened proceedings against card brands in order to verify whether agreements to collectively establish the level of interchange fees are anticompetitive, the Reserve Bank of Australia – as a regulator - has directly tried to address market failures by lowering the level of interchange fees and changing some network rules. The US has followed with new legislation on financial consumer protection, which also intervenes on interchange fees. This has opened a strong debate not only on legitimacy of interchange fees, but also on the appropriateness of different public tools to address such issues. Drawing from economic and legal theories and a comparative analysis of recent case law in the EU and other jurisdictions, this work investigates whether a regulation rather than a purely competition policy approach would be more appropriate in this field, considering in particular, at EU level, all of the competition and regulatory concerns that have arisen from the operation of SEPA with multilateral interchange fees.
    [Show full text]
  • Printmgr File
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K È ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2009 OR ‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-11073 FIRST DATA CORPORATION DELAWARE 47-0731996 (State of incorporation) (I.R.S. Employer Identification No.) 5565 GLENRIDGE CONNECTOR, N.E., SUITE 2000, ATLANTA, GEORGIA 30342 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code (404) 890-2000 Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ‘ No È Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ‘ No È Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes È No ‘ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
    [Show full text]
  • A Work Project, Presented As Part of the Requirements for the Award of a Master’S Degree in Finance from the Nova School of Business and Economics
    A Work Project, presented as part of the requirements for the Award of a Master’s degree in Finance from the Nova School of Business and Economics. EQUITY RESEARCH ON MASTERCARD: MOVING AWAY FROM PLASTIC CARDS JOANA MARIA VASCONCELOS CHANCERELLE DE MACHETE, 25892 & MARIA JOSÉ RODRIGUES ANICETO, 25918 A Project carried out on the Master in Finance Program, under the supervision of: Professor Rosário André January 2020 PAGE 1/41 Abstract The following equity research assesses Mastercard Inc., a global processing network, operating in the payments industry. Besides having grown in its traditional card rail, the company has been diversifying its operations through acquisitions in value- added services. Its historical performance was analysed while perfoming an overview of the payments industry current dynamics in the different regions where the company operates. The main risks were also accounted. A discounted cash flow method was followed, achieving a share price of $333.85 for December 2020, with a 12.67% expected return. Henceforth, the report concludes with a BUY recommendation. Keywords: Payments, Technology, Valuation, Mastercard Inc. This work used infrastructure and resources funded by Fundação para a Ciência e a Tecnologia (UID/ECO/00124/2013, UID/ECO/00124/2019 and Social Sciences DataLab, Project 22209), POR Lisboa (LISBOA-01-0145-FEDER-007722 and Social Sciences DataLab, Project 22209) and POR Norte (Social Sciences DataLab, Project 22209). PAGE 2/41 MASTER IN FINANCE MASTERCARD INC. COMPANY REPORT PAYMENTS SECTOR JANUARY 2020 STUDENT: JOANA MACHETE & MARIA JOSÉ ANICETO [email protected] [email protected] Moving away from plastic cards Recommendation: BUY Vs Previous Recommendation N.A.
    [Show full text]
  • Paysys SEPA Newsletter November 2011 1. in Search of a European
    PaySys SEPA Newsletter November 2011 Topics of this issue: 1. In search of a European card scheme: And the winner is ... EUFISERV!? 2. New Kid on the Block: the ECB’s Peter Praet on SEPA 3. E-commerce growth in Denmark is falling by 40% 4. Regulation of debit card interchange fees in the US: The battle continues 1. In search of a European card scheme: And the winner is ... EUFISERV!? October 13 th , 2011 EUFISERV Payments announced the start of POS operations “within the EUFISERV Card Scheme”.1 At first, the new service can be used by customers of German Savings banks who can carry out EUFISERV payments at the terminals of the Spanish Euro6000 scheme owned by the Spanish savings banks. Thus, at the moment, 45 m. card holders may use this service at 226.000 terminals. But general manager, Gerd Förster, announced that the expansion of the scheme is in the pipeline. The new service complements the existing activities with respect to ATM transactions that had been re-modeled in 2008 in order to comply with SEPA requirements. In 2008, scheme and processing were separated and EUFISERV Payments became brand owner and license manager, whereas the newly founded company Trionis (jointly owned with FirstData) became the technical processor. Our Comment No doubt, the news that German and Spanish savings banks are intensifying their co- operation in the fields of card payments is important in itself. However, at least equally important is what is missing in the press release announcing this co-operation: there is not a single mentioning of EAPS! That comes as a surprise.
    [Show full text]
  • Payment Behaviour in Germany in 2009
    Payment behaviour in Germany An empirical study of the selection and utilisation of payment instruments in the Federal Republic of Germany Deutsche Bundesbank 2009 Deutsche Bundesbank Wilhelm-Epstein-Straße 14 60431 Frankfurt am Main (Germany) Postfach 10 06 02 60006 Frankfurt am Main (Germany) Tel +49 (0)69 95 66 – 1 Fax +49 (0)69 5 60 10 71 internet http://www.bundesbank.de Prepared by Andreas Hoffmann/Dr Heike Wörlen (coordination), Andrea Friedrich, Nadine Knaust, Dr Ulf von Kalckreuth, Dr Tobias Schmidt Completed on 30 June 2009 May only be re-printed if the source is stated. - II - Table of contents List of figures......................................................................................................................... V List of tables ......................................................................................................................... VI I. Definition of the problem, and design of the study .....................................................1 II. Comparative analysis of cash and cashless payment instruments...........................3 II.1. Explanation of the payment instruments investigated ...............................................3 II.2. Selection of payment instruments .............................................................................7 II.2.1. Reasons determining the acceptance of payment instruments by retailers and other service providers ........................................................................................8 II.2.2. Reasons determining the acquisition
    [Show full text]
  • Payment Systems Review 2Nd Qtr
    Payment Systems Review 2nd Qtr. (Oct — Dec.) FY13 February 13, 2013 Points of Interest: During the second quarter of FY13, the infrastructure of Payment Systems in the Principles for Innovative country maintained an increasing growth Financial Inclusion trend. A total of 245 more ATMs were installed by various banks bringing the total Intelligent ATM machine - number of ATMs to 6,232 in the country. where you can cash in Altogether, 484 more bank branches were your old mobile added to the network of Real-Time Online Branches (RTOB) which makes a total of 9,896 branches which can now offer RTOB services out of 10,523 which con- stitute 94 percent of bank branches across country. The number of plastic cards in the country also increased by 5.33 percent compared to the numbers recorded in the preceding quarter. By the end of quarter under re- view, there were 20.72 million plastic cards issued in the country. The volume of overall e-banking transac- tions during this quarter depicted a growth of 11.31 percent to 79.45 million and the value of transactions increased by 18.02 percent to Rs. 7.6 trillion as com- pared to the figures reported in the first quarter of FY13. The volume and value of RTOB transactions also increased by 14.29 percent and 18.82 percent respectively as the overall volume of ATM transactions increased by 10.68 compared to transactions reported in the percent and the value increased by 10.33 percent. In overall e previous quarter of current fiscal year.
    [Show full text]