The Mastercard Compliant Service Provider List
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February 2019
The definitive source of news and analysis of the global fintech sector | February 2019 www.bankingtech.com SUPERSTRUCTURES Fintech reaches new heights CASE STUDY: CITIZENS BANK US heavyweight pivots for digital era FOOD FOR THOUGHT: CAREER CHOICES The Venn diagram of doom FINTECH FUTURES IN THIS ISSUE THEM US Contents NEWS 04 The latest fintech news from around the globe: the good, the bad and the ugly. 18 Banking Technology Awards The glamour, the winners and the celebrations. 23 Focus: intraday liquidity Are banks ready to meet the ECB’s latest expectations? 24 Interview: Pavel Novak, Zonky P2P lender on a “mission possible”. 26 Focus: data How DNB uses data to reconnect with customers. 30 Analysis: openfunds Admirable data standardisation efforts for the funds industry. 32 Case study: Citizens Bank US’s 13th largest bank embraces digital era. 38 Food for thought Making career choices and the Venn diagram of doom. They struggle with Fintech complexity. We see straight to your goal. We leverage proprietary knowledge and technology to solve complex regulatory challenges, create new products 40 Comment What would a recession mean for fintech? and build businesses. Our unique “one fi rm” approach brings to bear best-in-class talent from our 32 offi ces worldwide—creating teams that blend global reach and local knowledge. Looking for a fi rm that can help keep 42 Interview: Javier Santamaría, EPC your business moving in the right direction? Visit BCLPlaw.com to learn more. Happy one year anniversary, SEPA Instant Credit Transfer! REGULARS 44 -
Neobank Varo on Serving Customers' Needs As P2P Payments See A
AUGUST 2021 Neobank Varo on serving customers’ needs as P2P payments see Nigerian consumers traded $38 million worth of bitcoin on P2P platforms within the past month a rapid rise in usage — Page 12 (News and Trends) — Page 8 (Feature Story) How P2P payments are growing more popular for a range of use cases, and why interoperability will be needed to keep growth robust — Page 16 (Deep Dive) © 2021 PYMNTS.com All Rights Reserved 1 DisbursementsTracker® Table Of Contents WHATʼS INSIDE A look at recent disbursements developments, including why P2P payments are becoming more valuable 03 to consumers and businesses alike and how these solutions are poised to grow even more popular in the years ahead FEATURE STORY An interview with with Wesley Wright, chief commercial and product officer at neobank Varo, on the rapid 08 rise of P2P payments adoption among consumers of all ages and how leveraging internal P2P platforms and partnerships with third-party providers can help FIs cater to customer demand NEWS AND TRENDS The latest headlines from the disbursements space, including recent survey results showing that almost 12 80 percent of U.S. consumers used P2P payments last year and how the U.K. government can take a page from the U.S. in using instant payments to help SMBs stay afloat DEEP DIVE An in-depth look at how P2P payments are meeting the needs of a growing number of consumers, how 16 this shift has prompted consumers to expand how they leverage them and why network interoperability is key to helping the space grow in the future PROVIDER DIRECTORY 21 A look at top disbursement companies ABOUT 116 Information on PYMNTS.com and Ingo Money ACKNOWLEDGMENT The Disbursements Tracker® was produced in collaboration with Ingo Money, and PYMNTS is grateful for the companyʼs support and insight. -
VISA Europe AIS Certified Service Providers
Visa Europe Account Information Security (AIS) List of PCI DSS validated service providers Effective 08 September 2010 __________________________________________________ The companies listed below successfully completed an assessment based on the Payment Card Industry Data Security Standard (PCI DSS). 1 The validation date is when the service provider was last validated. PCI DSS assessments are valid for one year, with the next annual report due one year from the validation date. Reports that are 1 to 60 days late are noted in orange, and reports that are 61 to 90 days late are noted in red. Entities with reports over 90 days past due are removed from the list. It is the member’s responsibility to use compliant service providers and to follow up with service providers if there are any questions about their validation status. 2 Service provider Services covered by Validation date Assessor Website review 1&1 Internet AG Internet payment 31 May 2010 SRC Security www.ipayment.de processing Research & Consulting Payment gateway GmbH Payment processing a1m GmbH Payment gateway 31 October 2009 USD.de AG www.a1m.biz Internet payment processing Payment processing A6IT Limited Payment gateway 30 April 2010 Kyte Consultants Ltd www.A6IT.com Abtran Payment processing 31 July 2010 Rits Information www.abtran.com Security Accelya UK Clearing and Settlement 31 December 2009 Trustwave www.accelya.com ADB-UTVECKLING AB Payment gateway 30 November 2009 Europoint Networking WWW.ADBUTVECKLING.SE AB Adeptra Fraud Prevention 30 November 2009 Protiviti Inc. www.adeptra.com Debt Collection Card Activation Adflex Payment Processing 31 March 2010 Evolution LTD www.adflex.co.uk Payment Gateway/Switch Clearing & settlement 1 A PCI DSS assessment only represents a ‘snapshot’ of the security in place at the time of the review, and does not guarantee that those security controls remain in place after the review is complete. -
How Mpos Helps Food Trucks Keep up with Modern Customers
FEBRUARY 2019 How mPOS Helps Food Trucks Keep Up With Modern Customers How mPOS solutions Fiserv to acquire First Data How mPOS helps drive food truck supermarkets compete (News and Trends) vendors’ businesses (Deep Dive) 7 (Feature Story) 11 16 mPOS Tracker™ © 2019 PYMNTS.com All Rights Reserved TABLEOFCONTENTS 03 07 11 What’s Inside Feature Story News and Trends Customers demand smooth cross- Nhon Ma, co-founder and co-owner The latest mPOS industry headlines channel experiences, providers of Belgian waffle company Zinneken’s, push mPOS solutions in cash-scarce and Frank Sacchetti, CEO of Frosty Ice societies and First Data will be Cream, discuss the mPOS features that acquired power their food truck operations 16 23 181 Deep Dive Scorecard About Faced with fierce eTailer competition, The results are in. See the top Information on PYMNTS.com supermarkets are turning to customer- scorers and a provider directory and Mobeewave facing scan-and-go-apps or equipping featuring 314 players in the space, employees with handheld devices to including four additions. make purchasing more convenient and win new business ACKNOWLEDGMENT The mPOS Tracker™ was done in collaboration with Mobeewave, and PYMNTS is grateful for the company’s support and insight. PYMNTS.com retains full editorial control over the findings presented, as well as the methodology and data analysis. mPOS Tracker™ © 2019 PYMNTS.com All Rights Reserved February 2019 | 2 WHAT’S INSIDE Whether in store or online, catering to modern consumers means providing them with a unified retail experience. Consumers want to smoothly transition from online shopping to browsing a physical retail store, and 56 percent say they would be more likely to patronize a store that offered them a shared cart across channels. -
2019.05.10 Supplementary Information
Supplementary Information Financial results briefing for the Q2 of FY2019 May 10, 2019 GMO Payment Gateway, Inc. st (Code: 3769, TSE-1 Section) h t t p s : //c o r p . g m o - pg. c o m / The Growth track record: KPIs & Business results FY2018 revenue reached ¥26.4bn and OP ¥6.5bn (unit: mil. JPY) (unit: mil. JPY) (unit: mil. JPY) *1 9,000 8,000 *2 30,000 Revenues Operating Profit EBITDA 26,417 8,000 7,516 7,000 6,550 25,000 7,000 +25.5% 6,000 +65.9% 6,000 +58.9% 20,000 5,000 5,000 15,000 4,000 4,000 3,000 3,000 10,000 2,000 2,000 5,000 1,000 1,000 0 0 0 2008/9 2009/9 2010/9 2011/9 2012/9 2013/9 2014/9 2015/9 2016/9 2017/9 2018/9 2008/9 2009/9 2010/9 2011/9 2012/9 2013/9 2014/9 2015/9 2016/9 2017/9 2018/9 2008/9 2009/9 2010/9 2011/9 2012/9 2013/9 2014/9 2015/9 2016/9 2017/9 2018/9 2019/9E 2019/9E 2019/9E J-GAAP IFRS J-GAAP IFRS J-GAAP IFRS Operating Stores*3 TRX Volume TRX Value 133,199 1.57 billion ¥4.1 trillion (*1)The group commenced voluntary adoption of IFRS in FY2018. The figures for the FY2017 have been re-calculated on the same basis. (*2)EBITDA under J-GAAP is calculated as the sum total of operating profit, depreciation and amortization; and under IFRST is calculated as sum total of operating profit and depreciation. -
Service Provider Name Region AOC Date Assessor DESV
A company’s name appears on this Compliant Service Provider List if (i) Mastercard has received a copy of an Attestation of Compliance (AOC) by a Qualified Security Assessor (QSA) reflecting validation of the company being PCI DSS compliant and (ii) Mastercard records reflect the company is registered as a Service Provider by one or more Mastercard Customers. The date of the AOC and the name of the QSA are also provided. Each AOC is valid for one year. Mastercard receives copies of AOCs from various sources. This Compliant Service Provider List is provided solely for the convenience of Mastercard Customers and any Customer that relies upon or otherwise uses this Compliant Service Provider list does so at the Customer’s sole risk. While Mastercard endeavors to keep the list current as of the date set forth in the footer, Mastercard disclaims any and all warranties of any kind, including any warranty of accuracy or completeness or fitness for any particular purpose. Mastercard disclaims any and all liability of any nature relating to or arising in connection with the use of or reliance on the Compliant Service Provider List or any part thereof. Each Mastercard Customer is obligated to comply with Mastercard Rules and other Standards pertaining to use of a Service Provider. As a reminder, an AOC by a QSA provides a “snapshot” of security controls in place at a point in time. Compliant Service Provider 1-60 Days Past AOC Due Date 61-90 Days Past AOC Due Date Service Provider Name Region AOC Date Assessor DESV “BPC Processing”, LLC Europe 03/31/2017 Informzaschita 1&1 Internet SE (1&1, 1&1 ipayment, Europe 05/08/2017 Security Research & Consulting GmbH ipayment.de) 1Shoppingcart.com (Web.com Group, lnc.) US 04/29/2017 SecurityMetrics 2138617 Ontario Inc. -
Army Chief Takes Action Against Officers
Soon From LAHORE & KARACHI A sister publication of CENTRELINE & DNA News Agency www.islamabadpost.com.pk ISLAMABAD EDITION IslamabadWednesday, November 11, 2020 Pakistan’s First AndP Only DiplomaticO Daily STPrice Rs. 20 Japan park symbol of Strict restrictions Babar appointed friendship between on cards amid Test captain of Japan and Pakistan Covid19 surge Pakistan team Briefs IG Sindh incident Iranian FM Army chief arrives on two-day visit takes action ISLAMABAD: Iranian For- eign Min- ister Javad Zarif has arrived in against officers Islamabad on a two- It has been decided to remove the concerned day visit and will hold top-level talks officers from their current assignments for on bilateral and regional further departmental proceedings issues during the visit. Ira- nian FM Mohammad Javad Zarif is accompanied by a Naveed Miraj \ dNa Action against delegation including spe- cial envoy for Afghanistan RAWALPINDI: The Court of Inquiry formed police officers urged Mohammad Ebrahim Ta- on the orders of Chief of Army Staff (COAS) heriyan. According to diplo- Gen Qamar Javed Bajwa has recommend- Fiaz Ch ISLAMABAD: Pakistan;s ambassador-designate to Kazakhstan, Sajjad Ahmed matic sources Zarif will hold ed the removal of Pakistan Rangers and ISLAMABAD, Federal Minister for Informa- Seehar called on President Dr. Arif Alvi. – DNA meetings with Prime Minis- Inter-Services Intelligence (IS) officials in- tion and Broadcasting Shibli Faraz has said ter Imran Khan and Chief of volved in the ‘Karachi incident’ for creating that we appreciate the decision of Pakistan Army Staff (COAS) General “an unwarranted situation that led to misun- Armed Forces on the Karachi incident. -
Assessing Payments Systems in Latin America
Assessing payments systems in Latin America An Economist Intelligence Unit white paper sponsored by Visa International Assessing payments systems in Latin America Preface Assessing payments systems in Latin America is an Economist Intelligence Unit white paper, sponsored by Visa International. ● The Economist Intelligence Unit bears sole responsibility for the content of this report. The Economist Intelligence Unit’s editorial team gathered the data, conducted the interviews and wrote the report. The author of the report is Ken Waldie. The findings and views expressed in this report do not necessarily reflect the views of the sponsor. ● Our research drew on a wide range of published sources, both government and private sector. In addition, we conducted in-depth interviews with government officials and senior executives at a number of financial services companies in Latin America. Our thanks are due to all the interviewees for their time and insights. May 2005 © The Economist Intelligence Unit 2005 1 Assessing payments systems in Latin America Contents Executive summary 4 Brazil 17 The financial sector 17 Electronic payments systems 7 Governing institutions 17 Electronic payment products 7 Banks 17 Conventional payment cards 8 Clearinghouse systems 18 Smart cards 8 Electronic payment products 18 Stored value cards 9 Credit cards 18 Internet-based Payments 9 Debit cards 18 Payment systems infrastructure 9 Smart cards and pre-paid cards 19 Clearinghouse systems 9 Direct credits and debits 19 Card networks 10 Strengths and opportunities 19 -
Absa Bank (South Africa)
The Companies Listed under the Consortium for Next Gen ATMs ABA (American Bankers Association) Absa Bank (South Africa) Access Cash General Partnership (EZEE ATM) ACG ACI Worldwide ATEFI AIB (Allied Irish Banks) Akbank (Turkey) Altron Bytes Managed Solutions Aman (Palestine) ANZ Argotechno ATB Financial ATEFI ATM24 ATM CLUB Atima ATMIA ATM Security Association Auriga Australian Technology Management Pty Ltd Axis Communications AB 1 Bank of America Bank of Hawaii Bank of Montreal Bank of South Pacific Bank Permata BANTAS A.S Banktech (Australia) Barclays Bank BBVA Belfius Bank & Verzekeringen Bitstop Blanda Marketing & Public Relations BMO Financial Group BOSACH Technologies & Consulting Pvt. Ltd. BVK Capital One Cashflows Cashway Technology Co., Ltd. Capital One Bank Capitec Bank Cardtronics Cash and Card World Ltd Cash Connect® – ATM Solutions by WSFS Bank Cash Infrastructure Projects and Services GmbH Cashware Cecabank CIBC (Canadian Imperial Bank of Commerce) Citibank Citizens Bank CMS Analytics Coast Capital Savings Credit Union 2 Columbus Data Comerica Bank Commonwealth Bank of Australia Convergint Technologies CO-OP Financial Services CR2 Culiance Cummins Allison Cyttek Group Desjardins Dgiworks Technology (Turkey) Diebold-Nixdorf dormakaba USA Inc DPL Eastern Carolina ATM Eastman Credit Union EFTA Elan Financial Services Electronic Payment & Services (Pty) Ltd Embry Consulting, LLC Emirates NBD Euronet Worldwide EuroTechzam S.A. EVERTEC, Inc – US EVERI EVO Payments Faradis Alborz Corp First American Payment Systems First Data First National Bank of South Africa FISERV 3 FIS Global (Fidelity National Information Services) Fujitsu Ten España G4S GCB Bank (Ghana) General Dynamics Mission Systems Genmega GMR GMV Gorham Savings Bank GPT Great Southern Bank GRG Banking Gunnebo Gunnebo India Private Ltd Heritage Bank Hitachi Europe Hitachi-Omron Terminal Solutions, Corp. -
Inclusión Financiera Y Medios De Pago Electrónicos
Inclusión Financiera y Medios de Pago Electrónicos Informe preparado por la Mesa de Trabajo integrada por los Ministerios de Desarrollo Social, Economía, Hacienda, y Transporte y Telecomunicaciones, en el marco de la Agenda de Impulso Competitivo. Abril 2013 Ministerio de Economía, Fomento y Turismo Ministerio de Desarrollo Social Ministerio de Hacienda Ministerio de Transporte y Telecomunicaciones ÍNDICE 1. Resumen Ejecutivo 4 2. Glosario 9 3. Introducción 10 4. Mercado de Tarjetas de Crédito y Débito 12 4.1 Consideraciones Generales 12 4.2 Experiencia Extranjera 16 4.3 Mercado Chileno 20 4.3.1 Antecedentes Generales 20 4.3.2 Medios de Pago 24 4.3.3 Tarjetas Bancarias 26 4.3.4 Tarjetas de Crédito No Bancarias 31 4.3.5 Cuadro Comparativo 33 4.3.6 Transbank 33 4.3.7 Nexus 38 4.3.8 Redbanc 39 4.3.9 Redes Transaccionales Instaladas 41 4.4 Regulación Aplicable 45 4.5 Sociedades de Apoyo al Giro 48 4.6 Consideraciones Finales 49 5. Sistemas de Prepago o Valor Almacenado 53 5.1 Consideraciones Generales 53 5.2 Experiencia y Regulación Extranjera 56 5.3 Chile 59 5.4 Recomendaciones para Chile 60 2 Inclusión Financiera y Medios de Pago Electrónicos 6. Pagos Móviles 63 6.1 Mercado Móvil 63 6.2 Distintos Modelos de Negocios de Pagos Móviles 64 6.3 Tipos de Pagos Móviles en el Mundo 65 6.3.1 Dispositivos Móviles como POS 65 6.3.2 Mensaje de Texto Tradicional - SMS 65 6.3.3 SMS para Transferencias Electrónicas de Dinero 66 6.3.4 USSD para Transferencias Electrónicas de Dinero 67 6.3.5 M-Banking (Uso de la Banca a través de Internet Móvil) 68 6.3.6 Near Field Communication - NFC 68 6.3.7 Quick Responde Code - QR 69 6.4 Regulación de la Industria de Telecomunicaciones Aplicables 69 a los Pagos Móviles 6.5 Consideraciones Finales 70 7. -
Financial Technology Sector Overview of Market Activity in the Financial Technology Sector William Blair & Company
Quarterly Update Q1 2015 Financial Technology Sector Overview of Market Activity in the Financial Technology Sector William Blair & Company Financial Technology Sector – First Quarter 2015 Update M&A and capital markets activity remained strong during the first quarter of 2015, particularly in the United States. In fact, U.S. stock indices marked all-time highs during the quarter and deal-making activity continued its upward trajectory, propelled by improving confidence among consumers and corporate executives, low-cost credit, and record levels of cash. While market participants largely ignored the prospect of rising interest rates, a collapsing energy sector, global currency concerns, and continued economic uncertainty abroad, this could be an area of concern moving into the second quarter of 2015. One of the most prominent storylines within the financial technology sector in the first quarter was the escalating bets made on payments solutions by the likes of tech giants Apple, Google, and Samsung. The release of Apple Pay unilaterally raised the stakes across the industry and was a catalyst for a wave of high-profile announcements, including Samsung’s acquisition of LoopPay, Google’s acquisition of Softcard, and PayPal’s acquisition of Paydiant. Traditional payments providers are thus being further pressured to accelerate innovation and expand international reach, which has in turn refocused corporate strategies away from building domestic scale and vertical plays toward acquiring differentiated, earlier-stage, technology platforms with global capabilities. Global’s acquisition of Realex, Worldpay’s acquisition of SecureNet, and MasterCard’s acquisition of TNS’s gateway are recent examples of this trend, which we believe will be a significant driver of sector M&A activity going forward. -
Open Banking Goes East
OPEN BANKING GOES EAST OPEN BANKING GOES EAST /01 EXECUTIVE SUMMARY The paper looks at the central principles of open banking and addresses the key trends and dynamics across banks, consumers and individual regulatory environments. It also provides an overview of open banking within the APAC region, with a deeper dive on Hong Kong. The paper assesses the trends across Asia pacific when it comes to open banking regulation, the perceived maturity to embrace and adopt opening banking and the potential future developments that industry players should take into consideration. OPEN BANKING GOES EAST /02 WHAT IS OPEN BANKING? Open banking is a customer-centric response to changing consumer behaviors more generally, notably wanting more choice in everyday life. Previously banks owned the vertical value chain for their customers, distribution channels and products. Open banking has changed how incumbent banks can distribute their own products to customers, by allowing third party service providers (TSPs) to act as alternate distributors and to extend even more choice by offering additional services from different financial and non-financial institutions. The aim is to trigger greater competition across individual and cross-border markets, encourage more innovative product development, and thus provide customers with more choice and enhanced services that will better meet their needs. Banks engage with TSPs through their own developer portals. By opening up specific APIs, the banks allow TSPs to integrate them into their own applications, thus creating new propositions and more choice for the customer. Looking westwards to the UK, the benefits of open APIs and a strong developer community are evident - for example, digital bank Monzo’s developer community is helping build an even 1 richer banking experience for customers from the ground up .