http://www.plusworld.org/ Daily on-line news industry of cashless payments, business cards and retail banking market http://www.plusworld.ru/images/baner/BTE-Apr.jpg en Tue, 22 May 2012 16:13:02 +0400 http://blogs.law.harvard.edu/tech/rss 180 http://www.plusworld.org/daily/page1_7042.php Speech of the representative of Belarusbank was included into the conference program 3rd International Forum 2012 Innovations. Remote Services, Cards and Payments, that will take place in Moscow on May 21-22, 2012. The annual international Forum is being held by PLUS Journal. Goal of the Forum is to analyze current problems of development of the industry in Russia and CIS countries, ways to solve them and prospects of development. http://www.plusworld.ru/images/baner/BTE-Apr.jpg http://www.plusworld.org/daily/page1_7042.php Fri, 18 May 2012 17:40:03 +0400 http://www.plusworld.org/daily/page1_7041.php According to the Bank of Russia as of May 11, 2012 the volume of international reserves of the Russian Federation equaled 518.8 bln US dollars, which is by 4.1 bln lower than the same index as of May 4, 2012. Bank of Russia http://www.plusworld.ru/images/baner/BTE-Apr.jpg http://www.plusworld.org/daily/page1_7041.php Fri, 18 May 2012 13:33:39 +0400 http://www.plusworld.org/daily/page1_7040.php Roundtable discussion "NFC in Russia: tribute to fashion or new source of business development” will be held within the frames of the 3rd International Forum 2012 Innovations. Remote Services, Cards and Payments. The discussion will be held on May 22, 2012 from 4.10 p.m. till 4.55 p.m. The discussion will be led by Alexander Grizov, PLUS Journal publisher and Maxim Emm, New Technologies Business Development, INPAS. Such companies as MTS, Beeline, Bank of Moscow, Master-Bank, Payment Technologies and TIMWE are intended to participate in the discussion. PLUS http://www.plusworld.ru/images/baner/BTE-Apr.jpg http://www.plusworld.org/daily/page1_7040.php Fri, 18 May 2012 12:22:03 +0400 http://www.plusworld.org/daily/page1_7039.php SK will take part in the 3rd International Forum ‘Innovations. Remote services, Cards and Payments 2012’, to be held on 21-22 May, 2012 in Moscow. The annual Forum is organized by the PLUS Journal (www.plusworld.ru) to analyse pressing problems of the payment industry development in Russia and CIS, to find their solutions and identify the prospects for their development. Market participants’ special interest to the Forum is dictated by the role and place of the e-Government project, a leading initiative that will allow Russia to keep the positive vector of development and the rightful place at the global level. Apart from that, it will boost effective implementation of the program of remote personified services, making them serve the needs of the state and its citizens. The event is primarily aimed at finding the most effective ways of productive cooperation of banks, payment systems, telecom and transport operators, online stores, retailers, vendors, integrators, and government agencies in the process of creating an effective infrastructure for distance services and payments. The total number of participants from different countries will make about 800 persons. The Forum topics and the list of speakers are available on the official website of the event: PLUS-forum.com http://www.plusworld.ru/images/baner/BTE-Apr.jpg http://www.plusworld.org/daily/page1_7039.php Fri, 18 May 2012 10:51:07 +0400 http://www.plusworld.org/daily/page1_7038.php The preparation for the 3rd International Forum ‘Innovations. Remote Services, Cards and Payments 2012’ organized by PLUS Journal has been completed.The event is scheduled for 21-22 May, the venue is Moscow, Forum Hall. The Steering Committee of the Forum announced that over 60 leading Russian and foreign market experts will speak at the conference. The latest speakers who confirmed their participation are: Oleg Begma – Deputy Minister of Transport of the Government of the Moscow Region; Vladimir Zhuchkov – Head of Revenue Service of Moscow Metro, Andrey Yemelin – President of National Payment Council Non-commercial Partnership, Ruslan Saidaraliev – Business Development Manager, NFC, Gemalto, Igor Sukhostavsky – General Director of Terminal Technologies, Vladimir Komlev – General Director of ZAO UCS, Anton Shigapov – Vice-President, MasterCard; Alexander Zagorujko – Deputy General Director for Research, IRM Scientific and Research Center; Igor Bychkov – Director of Bank Cards unit, SITRONICS Smart Technologies, Vadim Yanborisov – Area Manager of Federal Programs Department of Information Community project, OAO Rostelecom, Lars Syberg – FortConsult, Vladimir Vorochenko – General Director, Websafer, Alexander Bakeyev – Area Manager, Digital R.May Consulting Group, Jьri Voore – Corporate Account Manager, AS Sertifitseerimiskeskus, Mischa Rozenberg – General Director, Ambiq, Guzelia Imaeva – General Director of National Financial Research Agency, Akhmet  Tosun, TIMWE. The exhibition part of the forum is 100% complete.31 Russian and foreign companies will display their products and solutions. The Forum will be opened on 21 May, 2012, at 8:00.The program of the conference is available at our web-site PLUS-forum.com in the “Conference” menu.Over 1,000 delegates from Russia, CIS and non-CIS countries have confirmed their participation. Official site of the Forum The evening cocktail party (sponsored by ACIWorldwide) will feature a draw of prizes provided by the companies for the participants who fill out all the fields of the Participant's questionnaire (located in the Participant's Folder) and leave their business cards at the booths of Intervale and Uniteller. Upon completion of the official part of the Forum’s first day, the delegates and speakers of the event can continue informal talk at a drink reception and enjoy the music performed by CHEESE jazz band. See you at the Forum! PLUS-forum.com http://www.plusworld.ru/images/baner/BTE-Apr.jpg http://www.plusworld.org/daily/page1_7038.php Thu, 17 May 2012 13:54:13 +0400 http://www.plusworld.org/daily/page1_7037.php The company Mobile TeleSystems (MTS), MasterCard Worldwide and MTS-Bank announced the beginning of sales of the first in Russia NFC-based payment solution that allows making contactless payments for goods and services from a mobile account using MasterCardPayPass technology. NFC-payments set includes SIM-card with encrypted MTS Money bank card and flexible NFC-antenna. This solution allows MTS subscribers to make one-touch payments for goods and services with their mobile phones by sweeping them at NFC-reader at checkout. The payment amounts will be debited from the bank card account. This solution is compatible with almost any model of mobile phone or smartphone even if it doesn’t have built-in NFC support. At the first stage SIM-cards with NFC support are available at MTS shops in Moscow and the Moscow region. MTS is going to start sales in other big Russian cities till the end of the year. MTS, MasterCard and MTS Bank http://www.plusworld.ru/images/baner/BTE-Apr.jpg http://www.plusworld.org/daily/page1_7037.php Thu, 17 May 2012 12:41:32 +0400 http://www.plusworld.org/daily/page1_7034.php Tieto has provided an advanced Tieto Card Suite Contactless host solution for MTS Bank, issuer and acquirer of payment cards. The delivery is part of the Near Field Communication (NFC) project implemented by telecommunications operator MTS and MasterCard. This is the first NFC product with the contactless MasterCard® PayPass® in Russia, released for mass usage without region and merchant network limitations technology. Russian consumers can now pay for their purchases without having the traditional plastic bank card present. All they need is a mobile phone with a special SIM card with built-in NFC chip. For consumers, this new service offers faster and more convenient payments, increasing the flexibility and speeding up the buying process to a matter of seconds by simply holding a mobile phone to POS (Point of Sale) terminal. Today MTS launched the distribution of NFC SIM cards in its most popular sale offices in Moscow. By the end of 2012, NFC SIM cards will be available in operator’s retail chain in other regions of Russia. Tieto Card Suite Contactless solution consists of software enhancements to support contactless data processing in issuing and acquiring directions. It ensures card issuing, authorization and data preparation for personalization. The solution for the acquirer part allows acquiring of contactless cards in POS terminals according to MasterCard rules. The current payment business development tendencies clearly indicate the demand for faster, more convenient and secure payments as well as a notable shift from the familiar types of payments to the new ones like cardless payments. «The Contactless technology has been known for a while and has already penetrated the major markets in different countries worldwide. Tieto`s Contactless solution allows reducing the time required to pay for goods and services by means of a card or any other device with an integrated chip, thanks to an option to execute a payment without any physical contact between the card and terminal,» says Maris Ozolins, Director at Tieto Financial Services. Source: Tieto http://www.plusworld.ru/images/baner/BTE-Apr.jpg http://www.plusworld.org/daily/page1_7034.php Thu, 17 May 2012 11:48:57 +0400 http://www.plusworld.org/daily/page1_7036.php CyberPlat® payment system and PLATINA commercial bank, the settlement bank of the system, have expanded cooperation with the Federal Treasury in accepting payments from individuals towards payment of federal taxes and dues on a national scale. CyberPlat’s first project to accept payments in favour of state authorities was delivered in partnership with the Federal Treasury as early as 2010. At the same time it became possible to pay fines issued by traffic police via the settlement bank of Cyberplat® payment system. The possibility to make quick and convenient payments in favour of state authorities via retail cash-desks, various sales channels of agent banks and payment terminals connected to CyberPlat® payment system became popular service among taxpayers due to its versatility and walking distance. Payment acceptance of fines issued by traffic police via the settlement bank of CyberPlat® payment system was very much appreciated by the population and the State Automobile Inspectorate. The new technological solution designed for payment acceptance in favour of state authorities and carried out within the scope of the government System of Interagency Electronic Interaction (SIEI) has become even more convenient and effective. Connection to SIEI allows avoiding data interchange with each state agency individually. As a result, payments for state services are effected directly in favour of a state or municipal authority via the special informational payment gateway. In order to pay taxes or dues, now it is sufficient to enter the index of the payment instrument specified at the top of the Federal tax service notification and the payer’s full name. In order to pay fines issued by traffic police it is required to specify either the date and number of the penalty charge notice, or the vehicle registration certificate number. All payments are effected in real-time mode. Currently, such payment recipients are the Federal Tax Service (FNS) and the Ministry of Internal Affairs (MVD). Within the limits of the existing technological solution there are plans to connect the Federal Migration Service (FMS), the Federal Bailiff Service and the Russian State Register. Over the longer term individuals will be able to make quick, convenient and secure payments for such state services as registration of rights to immovable property and transactions involving such property, state expert examination of land use planning documentation, drawing-up and issuance of passports, registration of citizenship, obtaining certificates on the progress of enforcement proceedings, and many others. CyberPlat® payment system strives to make payment acceptance in favour of state authorities as much convenient and comfortable for the population as it is possible. Now you do not need to stand in long queues at various authorities or banking outlets in order to make payments in favour of state authorities. Our technological solution is based on the so-called «single window principle» and enables to increase the efficiency of accepting payments made in favour of state authorities as well as collectability of taxes and dues. This is yet another contribution of our payment system to development of powerful payment infrastructure in Russia," — said Andrey Gribov, CEO of CyberPlat® payment system. CyberPlat http://www.plusworld.ru/images/baner/BTE-Apr.jpg http://www.plusworld.org/daily/page1_7036.php Thu, 17 May 2012 10:32:32 +0400 http://www.plusworld.org/daily/page1_7035.php A new fingerprint sensor from Authentec is now being designed into a number of new devices so that NFC phone users can add an extra layer of protection to their mobile wallets, the company says. Biometric sensor specialist Authentec has introduced a new fingerprint verification sensor that has been specifically designed to protect access to NFC mobile wallets — and the first phones and tablets to include the product are expected to hit the market by the end of this year. The AES2750 builds on Authentec’s existing mobile phone fingerprint sensors, featured in a number of Japanese phones such as the Docomo Regza, built by Toshiba. The device packs a 192 by 8 pixel fingerprint sensor array and support for both multiple encryption technologies and one time password (OTP) generation. Features include a new, flat package design, with a narrow Y-dimension and rounded edges. That means, Authentec says, it can be mounted «in narrow spaces or edges of smartphones and tablets as well as through-hole glass mounting for touchscreen-enabled mobile devices». The AES2750 also includes the ability to interact directly with payment applications stored within an NFC secure element and provides direct NFC radio control, based on positive authentication of the user — ensuring that only the registered user of a device can gain access to the mobile wallet. «This is a highly complementary solution to NFC m-commerce smartphones, compatible with today’s NFC and secure element subsystems to provide strong transaction security with an ease of use and convenience exceeding PIN, password or pattern-based security. Early feedback from smartphone and tablet OEMs has been very positive, particularly about sensor aesthetics and security, and we already have design wins for this ’made for mobile commerce’ sensor. Those first devices are expected later this year,» — Authentec’s Brent Dietz has told to journalists. As well as phone and tablet makers, the company is also «engaged with mobile wallet providers, carriers and handset OEMs on NFC-related programs,» CEO Larry Ciaccia told analysts during the company’s Q1 2012 earnings call last week. Source: NFC World http://www.plusworld.ru/images/baner/BTE-Apr.jpg http://www.plusworld.org/daily/page1_7035.php Thu, 17 May 2012 09:45:31 +0400 http://www.plusworld.org/daily/page1_7033.php Russiaґs Ministry of Finance has prepared a draft document that obliges all companies across the country to transfer payments to their employees via bank accounts only, Russian mass-media report. This comes as part of an initiative to cut the amount of cash in the economy, which should save it up to $17.5 bln a year. According to the draft, cash salaries should be abandoned altogether, with a single exception made for small enterprises employing less than 35 people. A second document binds all Russian shops to install special POS terminals that allow customers to pay by card. Smaller stores with annual revenues below $64,500 wonґt fall under the obligation. Currently, cash settlements between Russian companies are subject to just one restriction: only contracts with a value of up to 100,000 roubles can be settled in cash. «The share of cash accounts for 25% of the total money supply. In developing economies the figure stands at around 15%, in developed [ones] — at about 7-10%,» Russia’s Finance Minister Anton Siluanov said earlier in the year. Such a huge amount of «live» money nourishes a shadow economy, which accounts for about 30% of Russia’s GDP, experts say. In Russia, each bank card is used to effect on average just 3 to 4 operations a year, says Dmitry Vishnyakov, director for operations with governmental bodies at Visa. For comparison, in Poland the figure stands at 15, in the UK at 50, and in France — at 70. German Gref, head of Russia’s banking giant Sberbank, voiced the need to cut cash in circulation last year. According to the bank’s research, excessive cash in the Russian economy creates direct losses of 1.1% of its GDP annually, totaling $17.5 bln in 2011. However, some experts remain critical about the initiative, saying the key to success is better infrastructure that would make Russians turn to non-cash settlements. This, in turn, should be coupled with better financial literacy among Russians, believes Ivan Oskolkov from Russia’s Ministry of Finance. Source: RIA Novosti, RT http://www.plusworld.ru/images/baner/BTE-Apr.jpg http://www.plusworld.org/daily/page1_7033.php Wed, 16 May 2012 14:48:43 +0400