Planet Payment moves on Hong
ACI and IBM forge ties…
HSBC’s talking ATMs…
Alliance & Leicester buys Cupera…
FundsTech’s African platform…
Planet Payment moves on Hong Kong
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Multi-currency credit card payment platform operator Planet
Payment’s global expansion strategy took a further step forward in
January with the announcement that it had formed an alliance with
the Bank of East Asia (BEA), Hong Kong’s largest domestic bank. The
alliance will see BEA offer Planet Payment’s Pay in Your Currency
service which enables foreign tourists to pay in the currency of
their choice using Visa or MasterCard cards.
ACI and IBM forge ties
US payments software developer ACI Worldwide and technology giant
IBM have forged an alliance that will enable ACI to use IBM data
centres globally to host its integrated software in an on-demand
environment. In addition joint sales and technical teams will sell
ACI’s solutions on IBM systems and support migrations to IBM
platforms. Notably, IBM has also acquired an option to purchase up
to 8 percent of ACI’s outstanding shares.
HSBC’s talking ATMs
HSBC Bank USA, the US unit of UK bank HSBC, has introduced
audio-enabled ATMs in 250 locations in the US. The ATMs provide
spoken instructions in English and Spanish and allow individuals
with visual impairments to hear on-screen information when
conducting transactions. The world’s first audio-enabled ATMs were
introduced by Royal Bank of Canada in 1997.
Alliance & Leicester buys Cupera
UK bank Alliance & Leicester (A&L) has established Prepaid
Card Company (PCC) which is to be used as the vehicle for acquiring
pre-paid card developer Cupera International. A&L will have an
80 percent stake in PCC and Cupera’s shareholders a 20 percent
stake. A&L has an option to full control of PCC. Since 2006
A&L has worked closely with CI’s unit MoneyCard Group to
develop prepaid cards targeting a variety of markets including
retail, insurance and the public sector.
FundsTech’s African platform
FundsTech has installed a prepaid processing platform as a prelude
to what the US pre-paid card company said was a target of supplying
1.5 million cards to a number of African countries. The platform is
based in Johannesburg, South Africa at a facility of the country’s
largest mobile phone service provider, Vodacom.