Daily Archives: October 22, 2018

Ondot Announces Investment from Citi Ventures to Power Enriched Transactions

The investment will fuel Ondot’s international growth and give cardholders accessing info via Ondot’s platform increased control over and visibility into each transaction

Santa Clara, Ca, Oct. 22, 2018 (GLOBE NEWSWIRE) — Ondot Systems, the global leader in mobile payments services, today announced that it has secured a strategic funding investment from Citi Ventures. Ondot works directly with financial institutions to give consumers increased control over and visibility into their personal payment transactions. With Ondot, consumers can manage functions such as fraud alerts, transaction limits and purchase location restrictions, all from the convenience of an app on their smartphone or desktop. This investment will further support Ondot’s efforts to grow its international presence and product offerings.

Today’s digitally connected consumers are looking for more ways to access detailed information about their digital lives — including personal payment transactions. Ondot’s platform addresses modern consumer preferences by offering a solution that can be built directly into the card processes of financial institutions, making mobile and on-demand solutions more accessible and visible than ever before. Ondot’s provides financial institutions with either a white label app or an API that can be integrated into pre-existing services available to its consumers.

“As we steadily march toward high-frequency, invisible and autonomous payments, consumers increasingly expect detailed information about their transactions,” said Vaduvur Bharghavan, Ondot Systems CEO. “Bringing together details such as real-time transaction authorizations, proximity controls, merchant specifications, and applying machine learning on historical data helps consumers have more control over their cards and delivers a premium cardholder experience.”

Ondot works directly with credit, debit and gift card providers to integrate card control, rich merchant data and customer engagement into its products. Its services are in use by over 4,300 card issuers across four continents to enhance customer experiences for millions of cards, creating an interplay between the user, payment, and data at time of purchase.

“Mobile apps have become the touchpoint of choice for millions of banking customers to manage their finances. With expectations rising, digital banking teams know they need to continuously iterate their mobile apps to ensure that mobile banking experiences are built around customer needs,” wrote Forrester analysts Aurelie L’Hostis, Peter Wannemacher, Arnav Gupta.1

Ondot’s capabilities have delivered a 23 percent increase in card usage and approximately 25 percent reduction in fraud among users, which provides both ease of use and security for multiple parties involved in a transaction: including the merchant and the consumer. It delivers a holistic payment experience to consumers, while providing a turnkey solution for financial institutions seeking to deliver increased transaction visibility to their clients.

“Consumers want to be able to manage their financial lives anywhere and at any time, and their expectations for a seamless experience will continue to evolve, said Ramneek Gupta, managing director and co-head of venture investing at Citi Ventures. “Ondot meets this demand by providing innovative solutions that enable increased access and control of financial information, so we are thrilled to invest.”

About Ondot Systems
Ondot Systems is the global leader in powering mobile payment services, serving over 4,300 financial institutions across four continents. The company’s real-time platform, built upon an API based services-oriented architecture, gives financial institutions a competitive edge by increasing mobile engagement and empowering their customers to personalize, manage and control how payments are made in today’s world of always-on digital commerce, resulting in higher usage of payment instruments while lowering fraud incidents. To learn how Ondot is shaping the future of payments, visit www.ondotsystems.com.

 

About Citi Ventures
Citi Ventures ignites change and reimagines solutions that drive economic progress for clients. Headquartered in Silicon Valley with offices in San Francisco, New York, London and Tel Aviv, Citi Ventures accelerates discovery of new sources of value by exploring, incubating and investing in new ideas, in partnership with Citi colleagues, our clients, and the innovation ecosystem. For more information visit: http://ventures.citi.com/.


1 Footnote Source: Forrester, Best Practices In Global Mobile Banking Functionality, September 2018

Gary Singh
ondot systems
+1 5105997758
gary.singh@ondotsystems.com

INVEX partners with Ondot to Launch the First Instant Digital Card in México

Solution accelerates digital transformation, acquisition and use of payment methods in México

Santa Clara, California and Mexico City, Mexico, Oct. 22, 2018 (GLOBE NEWSWIRE) — INVEX (BMV: INVEX A) Credit Card business, the only monoliner specializing in payments and cobranded cards, with focus on 100% digital customer experience in Mexico, has partnered with Ondot, the global leader in mobile payments services, to deliver full card life-cycle management associated with the ‘Instant Card’ on a single platform. The digital card services solution creates an end-to-end customer journey -from product presentment, selection, digital acquisition to instant issuance and secure payments.

Conversational platforms are becoming the new digital banking user interface. As consumers spend more time on messaging apps, IoT devices and social media, they require similar solutions from their financial institutions.

INVEX solution is built on Ondot’s mobile card services conversational platform and creates a two-way 100% digital interaction between the bank and its customers. This interaction is real-time, the customer is able to navigate, select, apply for a new credit card product, get approved instantly, use card for online purchases immediately and manage (controls and alerts) the new digital card -all from their mobile.

“To achieve digital mastery, banks need to invest in digital capabilities that reflect the entire customer life cycle and support customers across touchpoints”, wrote Aurelie L’Hostis, Senior Analyst at Forrester Research1. “The age of the customer demands that you align your digital capabilities with the customer life cycle. [Banks] should plan for cross-touchpoint behavior by designing processes that make it easy for customers to switch between touchpoints.”

Today’s digitally connected consumers expect detailed information about everything -including their payment product options, real time visibility into their card transactions, the need for secure controls and ability to instantly interact with their Financial Institutions over digital mediums.

“In a digital-first world where payments are becoming invisible and consumers expect instant gratification, card issuers must attract, acquire, and empower consumers with personalized digital experiences,” said Vaduvur Bharghavan, Ondot’s Chief Executive Officer. “Ondot provides a comprehensive set of services around the ‘digitized card’, integrated into existing mobile apps, card management systems, and authorization platforms”.

INVEX’s Digital Card Services Solution includes a wide array of robust features including:

  • Mobile Product Presentment & Selection –Users can browse INVEX’s diverse set of products to pick the right product that suits their needs.
  • Digital New Customer Acquisition and Instant Issuance –Digital application in real-time with instant approval and immediate purchases, delivering a frictionless journey.
  • Built in Card Controls & Alerts to personalize card usage -Ondot’s industry leading card controls and alerts in use by over 4,000 Financial institutions, benefiting millions of card holders, are included in the solution.

“Nowadays, credit card customers and digitally savvy generations, seek simplicity and immediate financial solutions through 100% digital channels. At INVEX, we are committed to consolidate our position as a player at the forefront of the Mexican consumer and payments market, providing solutions that meet these expectations,” said Jean Marc Mercier, Managing Director for INVEX´s Consumer Banking and Payment’s Business.

About Ondot Systems
Ondot Systems is the global leader in powering mobile payment services, serving over 4,000 financial institutions across four continents. The company’s real-time platform, built upon an API based services-oriented architecture, gives financial institutions a competitive edge by increasing mobile engagement and empowering their customers to personalize, manage and control how payments are made in today’s world of always-on digital commerce, resulting in higher usage of payment instruments while lowering fraud incidents. To learn how Ondot is shaping the future of payments, visit www.ondotsystems.com

About INVEX
INVEX is a Mexican business group that generates specialized solutions. With 27 years in the market, INVEX is composed of six business areas: Private Banking, Business Banking, Consumer Banking & Payments, Trusts, Leasing and Infrastructure. INVEX has been characterized by a consistent and sustainable growth.  INVEX shares are traded on the Mexican Stock Exchange, under the ticker “INVEX A”.


1 Footnote Source: Forrester, Assess Your Digital Banking Capabilities, July 2018

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Gary Singh
ondot systems
+1 5105997758
gary.singh@ondotsystems.com

Daniela Visintini
INVEX Bank
+52 (55) 5351.6510
daniela.visintini@bm.com

Phase Genomics Announces 6 New Asia Pacific Distribution Partnerships

New cutting-edge tools and services to fuel genomic discovery in humans, plants, animals and microbiome research now available in South Korea, Japan, China, Singapore, Malaysia, Indonesia, New Zealand and Australia

Seattle, Oct. 21, 2018 (GLOBE NEWSWIRE) — Phase Genomics, the leader in Hi-C proximity-ligation based genomic solutions, announced today agreements with six life science technology distributors serving much of Asia Pacific. Phase Genomics sells Hi-C kits paired with proprietary analysis software that allows researchers studying humans, plants, animals, and microbes a time-saving and inexpensive genomic discovery platform. The Hi-C kit, contrary to traditional methods, provides an easy-to-use protocol that lets scientists generate a sequencer-ready Hi-C library from almost any sample in as little as eight hours.

Dr. Ivan Liachko, CEO and Co-founder of Phase Genomics commented, “With our new partnerships, Phase Genomics is proud to expand our reach and provide more scientists and researchers throughout Asia, Australia, and New Zealand with the tools, services, and analyses needed to produce the world’s best genome and metagenome assemblies. The results generated with our technology offer researchers a new dimension of genomic information, produce novel discoveries, and save scientists both time and money.”

Phase Genomics applies Hi-C and other proprietary proximity-ligation methods to enable chromosome-scale genome assembly, metagenome deconvolution, as well as analysis of structural genomic variation and genome architecture. The United States based company offers a comprehensive portfolio of laboratory and computational services and products, which are now available through the new Asia Pacific partnerships. Products include ProxiMeta™ Hi-C metagenome assembly kits and Proximo™ Hi-C genome assembly kits as well as industry-leading analysis services.

The non-exclusive distribution partnerships include:

Phase Genomics’ technology powers scientists to advance research with breakthrough discoveries in human disease, agricultural breeding and sustainability, animal health, reference genomes, and the environment.

ABOUT PHASE GENOMICS – Phase Genomics applies Hi-C and other proximity-ligation methods to enable chromosome-scale genome assembly, metagenomic deconvolution, as well as analysis of structural genomic variation and genome architecture.  They offer a comprehensive portfolio of laboratory and computational services and products, including Hi-C kits for plants, animals, microbes, and human samples as well as industry-leading genome and metagenome assembly and analysis software. 

Based in Seattle, WA, the company was founded in 2015 by a team of genome scientists, software engineers, and entrepreneurs. The company’s mission is to empower scientists with genomic tools that accelerate breakthrough discoveries.

Attachments

Eric Schudiske
s2s Public Relations
12063103597
eric@s2spr.com

Police arrest two drug traffickers in Pangkalpinang

Pangkalpinang, Bangka Belitung (ANTARA News) – Pangkalpinang police have arrested two drug traffickers in this provincial city.

Aldo (19) and Fitriansyah (37) were nabbed on Thursday when trying to sell methamphetamine at Jalan Pesantren Manbaul Ulum Kelurahan Tua Tunu Indah, Pangkalpinang,” Chief of Staff of City Narcotics unit Adj. Com. Rudolf Sitorus said here on Monday.

Fitriansyah once served five years in jail for drug case and he was freed only earlier this year, Rudolf said.

He said police seized 75,17 grams of methamphetamine from Aldo when he was arrested.

“From the hands of Fitriansyah, we confiscated 148.6 grams of the same type of drug, a hand phone and a motorcycle,” he said.

He said Fitriansyah was already in the police watch list for allegedly supplying methamphetamine to a drug suspect Fren, whho was arrested earlier this month.

Fitriansyah told his investigators he received the drug from a man identified by his initial K from Batam and said he paid Rp10 million for the drug.

Earlier report said from Medan, North Sumatra, police nabbed two women carrying 506 grams of methamphetamine at the International Airport of Kuala Namu.

Deli Serdang police chief Adj. Sr.Com Eddy Suryantha Tarigan said the two women identified as NW (22) from the village of Jaya Abadi, district of Bireuen, Aceh, and ES (33) from the village of Timu, also in the district of Bireuen were picked by police from the airport terminal waiting room after receiving report about the two suspicious housewives.

The two suspects told police that the drug belonged to a man identified as Abang and they were paid to hand over the drug to someone in Banjarmasin.

Last month, two other women from Aceh were arrested at the airport terminal found carrying 198.5 grams of methamphetamine.

Last week police in Lampung Utara foiled an attempt to bring in 4.57 grams of methamphetamine to the Kotabumi prison involving a police officer (AS) and two convicts Rudi Irawan (27), and Eko Oktavianus (30).

Head of the drug unit of the Lampung Utara police First Inspector Andri Gustami police acted after receiving report that there would be drug deal at the prison. Reporting by Ahmadi (SYS/AS)

Editing by Albert Saragih, Fardah Assegaf

Source: ANTARA News