Byte & Munch: News makers>> VISA, MC, City Bank >>> Vipassana Simplified

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MasterCard & Visa:Common Contactless Communications Protocol:

Mastercard and VISAreached an agreement to share a common communications protocol and associated testing requirements for radio frequency-based contactless payments at the point of sale.

Contactless payments allow cardholders to expedite checkout by paying with a simple tap or a wave eliminating the need for customers to hand over their payment card to a merchant, according to the credit card companies.

This agreement means that cards and terminals supporting MasterCard and Visa contactless payment applications will conform to the same communications protocol and undergo equivalent testing.

This is very big boon for vendors to streamline product development and testing, leading to reduced implementation costs and faster time to market for financial institutions and merchants.Smart Card Manufacturers, Smart Card terminal readers are beneficial from such development.

SAP and Oracle Market Share Dispute:

Claims about SAP's North American applications business draws vigorous correction from Walldorf.

VISA: Pricing and Branding New Priorities:

While remaining optimistic about growth in the region, Visa is making major changes by refocusing on new pricing and brand management.

As he gets ready to launch a massive rebranding exercise, Visa Asia Pacific president and CEO Rupert Keeley sees the April announcement of a new pricing set as a way to adjust to a market that is changing in terms of regulation and industry participants.

Although Visa's financial results showed the after-effects of the Korean credit card crisis, Asia-Pacific ended the year with $326 billion in retail sales volume (RSV) at the point of sale (POS) - up 15 percent - double digit growth in Japan and fast growth in China and India. These indicate strong growth compared to MasterCard’s 11.9 percent growth in Asia Pacific, excluding South Asia organisationally.

CITIBANK offers online money transfer for Indian NRI:

CITIBANK is offering its non-resident Indian (NRI) customers the online money transfer option through its Rupee Checking Account. The system allows money transfer from any of the 15,000 US banks. The operations and technology platform for the service is provided by TimesofMoney.com.

Food For Thought:

Vipassana - Tool to oil your Creative and Pofessional Mind:

What makes you to buy Mercedez E class car against Honda or BMW .... ???

Answer can be Wife??...Look..?? Price??? No sorry it's Mind.

Mind makes and breaks our decisions.Indian philosphy has always worked with the root of human mind. Some mis-beliefs are sorted out by performing Vipassana. Vipassana is greatly advocated and practiced actively across several countries. One of the paramount Indian Emissionary who has contributed towards it is Mr. S.N. Goenka.

Mr. S. N. Goenka requires no introduction. Since 1969 he has been conducting intensive 10-day meditation training courses which have today grown into a large worldwide movement teaching the practical quintessence of the Buddha's teaching, Vipassana meditation. Today he oversees an organisation of more than 800 assistant teachers and over 130 meditation centres and course sites spread across the world.

Visit Vipassana Research Institute - Website for more details.

In case you wanted to know how Vipassana can help in your day to day life (Business as well as personal), visit the Q & A published.

Wish you Happy Blogging.....