PaymentsSource

Russia’s Alfa-Bank And Rosbank Sign Surcharge-Free ATM-Sharing Deal

Alfa-Bank and Rosbank earlier this month merged their ATM networks as the Russian financial institutions looked to compete with Sberbank, the country’s largest bank. The merged network has more than 5,500 ATMs in 539 cities and towns. Customers of the two banks now may use either bank’s ATMs without paying a surcharge fee and without …

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Russian Hypermarket Owner Signs Ingenico Terminal Deal

All of Russia’s Auchan hypermarkets will deploy Ingenico payment terminals by the end of 2012, the global payment technology vendor announced Jan. 24. Auchan selected Ingenico’s iSC250 terminals, and 1,700 had been deployed as of last month in 22 hypermarkets. Terms were not disclosed. The terminals allow customers to use a touchscreen to sign for …

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Alfa Bank Receives Visa PayWave Certification

Alfa-Bank has received Russia’s first certification for Visa Inc.’s payWave contactless-payment platform for credit and debit cards. The issuer is using the payWave function in its classic, gold, platinum and platinum black credit cards and in its debit cards, but not cobranded or customized cards, according to the bank. Each card includes both the contactless …

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MasterCard Signs Deal To Bring PayPass To Russian Cell Phones

MasterCard Worldwide has signed a letter of intent with Russian cell-phone carrier Mobile TeleSystems to bring PayPass contactless-payment functionality to Russian mobile phones, the card brand announced Oct. 28. Mobile TeleSystems, which will offer SIM cards embedded with PayPass functionality, demonstrated the technology at the Rosnanotech 2011 conference. It is the first such proposed agreement …

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Australia’s Commonwealth Bank Unveils Mobile-Payment Platform

The Commonwealth Bank of Australia on Oct. 26 unveiled a mobile-payment platform to enable iPhone-owning customers to do online banking, instantly send funds to Facebook friends or to anyone’s email address or telephone number, and, with the use of a special cover, make contactless payments. The service, called Commbank Kaching, will be available for download …

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Citi Russia Helping Moskovites Pay City Bills

ZAO Citibank has launched a free service that enables Moscow residents to pay their city real-estate, telephone and energy bills automatically by billing to their Citibank debit or credit card accounts, the Moscow-based company announced Oct. 17. The Russian bank has offered online bill-payment services since 2007, but the new service connects directly with the …

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New Chinese Social Security Card To Include Payment, Banking Applications

China’s new multifunction contactless social security card will support yuan-denominated cash withdrawals, funds transfers and other consumer-oriented banking applications, government officials told reporters at a press conference Aug. 30. However, it will not support a credit card function, officials said, not explaining why. Earlier this month, China’s Ministry of Human Resources and Social Security announced …

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