04/12/2010 • CardFlash® - Payment Card Industry News

MasterCard Partners With Next Jump to Enhance Online Shopping

5, Country, Priority, UNITED STATESBy Robert McKinley 04/12/2010

MasterCard Worldwide has announced a three-year exclusive alliance
in the payments space with NY-based Next Jump, a next-generation
e-commerce company and has launched the MasterCard MarketPlace discount
program. The platform offers consumers the ability to simply
personalize their online shopping experience by setting preferences and
email notifications from specific merchants that they like and access to
exclusive in-store events at preferred merchants.
MasterCard eligible consumer can access the program
directly at http://www.mastercardmarketplace.com where they can preview
offers, join at no cost, and set preferences for the types of merchant
offers they want to receive. Cardholders can also choose to receive
email notifications for offers from specific merchants as well as
exclusive in-store shopping events at preferred merchants.
Next Jump acquires its users
through a B2B model, with over 90,000 corporations, affinity groups, and
institutions.

LCN & SAGE PAY

5, Country, Priority, UNITED KINGDOMBy Robert McKinley 04/12/2010

Domain registration and web host LCN.com has partnered with Sage Pay, the UK’s leading independent payment provider. The integration between Sage Pay and LCN.com also alleviates another worry for online traders: Payment Card Industry Data Security Standards (PCI DSS), a set of rules designed by the card schemes to ensure the secure use of card data. Becoming PCI DSS compliant is a common hurdle for all businesses wishing to accept card payments from their customers. To celebrate this partnership, Sage Pay and LCN.com are offering an exclusive deal of 1 month’s free processing to any customer who has an active web hosting or eShop hosting (http://www.lcn.com/eshops) package within their LCN.com account. SMEs and entrepreneurs can use the Sage Pay payment gateway solution to connect to all the major UK Merchant account providers, thus enabling businesses to securely accept card payments from their customers.

Hypercom and First Data Team to Combat Card Fraud

5, Country, Priority, UNITED STATESBy Robert McKinley 04/12/2010

First Data payment processing has approved Hypercom as an encrypting service organization for remote key injection and that Hypercomâs “HyperSafe” Remote Key System will be available through First Dataâs TASQ Technology. Hypercom is also teaming with First Data to implement the First Data “TransArmor” solution to combat card data fraud. Hypercomâs Remote Key System (HRKS) standards-based remote key injection product allows retailers to quickly and securely initiate on-site, in-store payment terminal key injection at the POS. Available through First Dataâs TASQ Technology, the system offers a highly secure alternative to the industryâs traditional secure room key injection process. HRKS eliminates the need for off-site secure room key injection and meets ANSI x9.24 and Visa PIN Security Guidelines for remote key management, and is FIPS 140-2 Level 3 and X509 compliant. Meanwhile, the “TransArmor” solution addresses the root cause of merchant data security issues by removing payment card data from the merchant environment as part of processing the transaction.

Heartland Payment Systems Awards FRLA As Partner of the Year

5, Country, Priority, UNITED STATESBy Robert McKinley 04/12/2010

Payment processor Heartland Payment Systems has
honored the Florida Restaurant& Lodging Association (FRLA) with its
first-ever âPartner of the Yearâ award. Heartland has recruited over 750 members for the FRLA during the
nine-year partnership. Likewise, the association has shared referrals
and facilitated many events and networking opportunities to help
Heartland deliver its full suite of business solutions â including card
processing, gift marketing, payroll services and check management â to
restaurants and lodging establishments across Florida.

MasterCard Names President & CEO

5, Country, Priority, UNITED STATESBy Robert McKinley 04/12/2010

Ajay Banga has been named by the Board of Directors to serve as MasterCardâs president and CEO, effective July 1 and a member of MasterCardâs Board, effective immediately. Previously Mastercard COO, Banga spent 13 years at Citigroup from 1996, and held a variety of senior management roles in the United States and Europe, Middle East, Africa regions. He was CEO of Citi Asia Pacific, responsible for all of the companyâs business lines in the region, including institutional banking, alternative investments, wealth management, consumer banking and credit cards. He began hiscareer with Nestle in 1981, where he worked for the next 13 years in sales, marketing, and general management. He later joined Pepsico and was instrumental in the launch of its international fast food franchises in India as the economy liberalized. Banga holds a B.A. in Economics Honors from Delhi University and is an alumnus of the Indian Institute of Management, Ahmedabad.

EAST 2009

5, Country, Priority, UNITED KINGDOMBy Robert McKinley 04/12/2010

EAST (the European ATM Security Team) has reported a 36% drop in ATM related fraud losses in 2009, with total losses of 312 million Euros reported (down from 485 million Euros in 2008. International losses due to skimming attacks fell by 43% from 393 million Euros to 226 million Euros, continuing a downward trend for each six monthly reporting period first noticed at the end of 2007. This is further indication that the EMV rollout at ATMs in Europe (now 94% complete) is helping to reduce skimming losses, and also that fraud counter-measures, fraud monitoring capabilities and fraud detection continue to improve. Losses continue to be reported globally, and the risk of counterfeit EMV cards being used to withdraw cash fraudulently from ATMs in parts of the world that are not EMV compliant remains. Annual losses due to card skimming have fallen for the first time since EAST began reporting in 2004 (down from 484 million Euros in 2008 to 310 million Euros in 2009). Despite this drop in losses, overall ATM related fraud attacks rose 8% with a total of 13,269 incidents reported, up from 12,278 incidents in 2008.

ThreatMetrix Fighting Online Fraud With OnlineLabels.com

5, Country, Priority, UNITED STATESBy Robert McKinley 04/12/2010

Fraud detection provider ThreatMetrix has been enlisted by OnlineLabels.com to control online
fraud. With the “ThreatMetrix Fraud Network” now in place, OnlineLabels.com has
added another measure to their system in order to facilitate the
processing of legitimate orders and block fraudulent ones. The “ThreatMetrix Fraud Network” enables companies such as
OnlineLabels.com to customize a collection of fraud rules to instantly
review and analyze transactions. Based on criteria set forth by the
company, every transaction is given a fraud score every time an online
order is entered into the OnlineLabels.com order processing system. When
an order hits a pre-determined score, it will automatically go into a
fraud review queue. It is then up to the company to review it and gather
additional data by contacting the customer. If upon closer examination
it is determined to be fraudulent, the order is manually rejected. The
ThreatMetrix Fraud Network can then automatically add transaction and
device identifiers to blacklists. If the order is determined to be
legitimate, it is released from the fraud review queue for order
processing and added to a whitelist for future reference.

Hypercom Payment Software Achieves PCI PA-DSS Approval

5, Country, Priority, UNITED STATESBy Robert McKinley 04/12/2010

Hypercom security electronic transaction solutions’ “SPOS32” payment software application, versions 3.0 and 3.1, have been PCI PA-DSS validated. Immediately available to support the Companyâs “Optimum” countertop and mobile card payment product portfolio, this follows PCI PTS 2.1 the recent security approval of Hypercomâs Optimum “L4150” multilane payment terminals and L4150 Secure Keypad. Hypercom was also recently awarded the Sesame Award for its “HyperSafe Remote Key System” (HRKS) last November. Hypercomâs popular new Optimum product portfolio includes the T4205, T4210, T4220 and T4230 countertop and M4100, M4230 and M4240 mobile card payment terminals. Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products, software solutions and services in more than 100 countries.

CashStar Adds Three Management Execs

5, Country, Priority, UNITED STATESBy Robert McKinley 04/12/2010

Digital gift and incentive provider CashStar has
added three new management executives to its growing team. Andrew Dodge
joins as Vice President of Corporate Sales, Kathleen Goodwin comes on
board as Vice President of Marketing and Simon Herron has been named
Director of Business Development. Dodge will focus on growing
market share of CashStarâs innovative corporate and bulk products among
leading retailers, incentive firms and third-party distributors. He
most recently led L.L.Beanâs sales organization in the business division
for seven years by developing national account programs for marquis
brands in corporate America. Goodwin will lead
all aspects of CashStarâs corporate and consumer-driven marketing
programs. She will be integral to developing a strong online marketing
and social media presence for the company and to working with retailer
marketing teams to create marketing and promotional programs that help
drive their eGift card sales. Herron will focus on leveraging his
financial services expertise to help CashStar maximize value with
customers and shareholders.

BMO DEBIT

5, Country, GERMANY, PriorityBy Robert McKinley 04/12/2010

Electronic retailer redcoon GmbH has selected Wirecard AG payment services. The agreement signed with Dutch subsidiary redcoon B.V. comprises the processing of credit card payments along with an additional risk management package as well as credit card acceptance (Acquiring) services via Wirecard Bank AG. To be able to protect payments by credit card even better from fraudulent card abuse in cross-border business operations, redcoon has opted in favor of deploying additional risk management processes. An IP/BIN check takes only seconds to identify a potential risk of fraud in the course of a credit card transaction. The IP address is used to determine the location of the PC, which is compared with the first six figures of the credit card number (BIN). The BIN localizes the country in which the credit card was issued. If this reconciliation reveals that different countries are involved, then the transaction is denied. With the aid of so-called velocity checks, recurring patterns of payment transactions can be analyzed within a defined period of time. For Visa and MasterCard users, redcoon also makes the 3-D-Secure process available, which protects card payments for buyers and sellers.
The redcoon online shops established in nine European countries at present will gradually be integrated one by one: Germany has already been integrated, to be followed soon by Denmark and, step by step, Belgium, Italy, Spain, Poland, Portugal, Austria and, finally, the Netherlands.

Prepaid Rebate Cards to Grow in Popularity

5, Country, Priority, UNITED STATESBy Robert McKinley 04/12/2010

With more than 83% of consumers actively seeking out rebates, prepaid rebate cards are pegged to increase annual volumes substantially. More than $2.5 billion has been loaded onto rebate cards and 95% of consumers say they would definitely/maybe chose a prepaid rebate card over checks. This, according The Network Branded Prepaid Card Association (NBPCA), also shows consumers that redeem rebates are part of the 60 million underbanked without bank accounts. Since Prepaid rebate cards are branded by American Express, Discover, MasterCard or Visa, the funds can be used anywhere and usually do not expire for at least twelve months.

GUESTLOGIX & ALPHA

5, AUSTRALIA, Country, PriorityBy Robert McKinley 04/12/2010

Onboard store technology provider GuestLogix has partnered with Alpha Flight Services Pty Ltd. to deploy the GuestLogix onboard retail platform and OnTouch(TM) products and services with Alpha customers in Australia and New Zealand. Alpha provides in-flight catering at nine airports in Australia and serves 16 customer airlines. Alpha customers will use the GuestLogix onboard retail platform that includes handheld point-of-sale (POS) devices to facilitate a more convenient purchase experience for both the flight attendants and passengers. The solution provides Alpha customers with promotions and sales management, cash control, payment processing and inventory management as well as the ability to accept credit card and cash payments. They can also take advantage of the GuestLogix platform to launch “OnTouch” in order to help its customers introduce destination-based, travel-relevant products and services inside the cabin to grow new ancillary revenues. The GuestLogix onboard retail platform is an end-to-end solution that complies with the most current payment industry security standards to significantly reduce the onboard risk of fraud and credit card processing losses.

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