Uzbekistan opens to
e-commerce…
Wincor Nixdorf’s big
Australian deal…
Visa payWave arrives in
Hong Kong…
E-banking consulting from
Vasco…
MoneyGram deal
finalised…

REGULATORY
Uzbekistan opens to e-commerce

Uzbekistan’s central bank has implemented
regulations aimed at promoting electronic commerce. Key feature of
the regulations is that it enables banks and other organisations to
use the country’s public telecommunications system to facilitate
electronic payments and money transfers.

ATM
Wincor Nixdorf’s big Australian deal

German ATM manufacturer Wincor Nixdorf has begun supplying the
first of about 6,000 new ATMs to Cashcard, Australia’s largest
independent ATM operator. Delivery forms part of a five-year ATM
supply and maintenance contract worth about A$250 million ($235
million) with Wincor Nixdorf’s Australian partner, security
services provider Armaguard’s ATM services unit, ITS.

CONTACTLESS PAYMENTS
Visa payWave arrives in Hong Kong

The enJoy Card, the first credit card application of Visa’s payWave
contactless payment technology in Hong Kong, has been launched by
Hang Seng Bank, Hong Kong’s second-largest bank and a 62 percent
owned subsidiary of UK bank HSBC Group. The enJoy Card is
co-branded with Hong Kong retailer Jardine Matheson and can be used
at 850 of the retailer’s stores. For implementation of the service,
Hang Seng Bank selected US payment systems vendor Verifone’s QX110
contactless reader and NURIT payment systems for use at merchant
sites.

SECURITY
E-banking consulting from Vasco

US security software vendor Vasco has launched a consultancy
service aimed at providing banks with insight into the latest
threats against internet customer authentication systems and to
evaluate the efficacy of their own security systems. Its customers
will also be advised on how to address identified system
weaknesses.

MERGERS AND ACQUISITIONS
MoneyGram deal finalised

Money transfer specialist MoneyGram has released details of the
final terms of a financial rescue deal offered to it by a
consortium led by investment bank Goldman Sachs and private equity
firm Thomas H Lee Partners. Under the terms, the consortium will
acquire a 79 percent stake in MoneyGram via the purchase of
convertible preferred stock for $760 million. Goldman Sachs is also
providing $500 million in debt financing.