Inside Secure Announces NFC booster chip

Inside Secure semiconductor solutions for secure transactions and digital identity launched the PicoPulse NFC “booster” chip, allowing manufacturers to fit all components of an NFC card emulation and peer-to-peer mode solution into a standard SIM form factor. The INSIDE PicoPulse NFC RF front-end booster chip is provided with the INSIDE high-performance VaultSEcure hardware solution secure element to support NFC-compliant card emulation and peer-to-peer operation for SIM and other form factors. SIM cards based on the PicoPulse chip can be plugged into current mobile phones, tablets and other mobile devices, providing NFC functionality to enable more people to engage in mobile payment, transport, access control and other secure transactions. The INSIDE PicoPulse and VaultSEcure chips are complemented by a complete reference design OEMs can use to create SIM, microSD and other format solutions.

Jack Henry Banking Moves Data Center

The Jack Henry & Associates Jack Henry Banking division announced it has moved all operations from its Lyndhurst, NJ item processing (IP) center to one of the company’s alternate processing facilities in Oklahoma City, OK. The Lyndhurst center was rendered inoperable due to widespread flooding caused by Hurricane Sandy. Over 100 of Jack Henry & Associates’ 1,300 core bank clients were impacted by the damaged IP center.

Merchant Link Partners Phoenix Networks on PCI Firewall Service

Merchant Link payment gateway and data security solutions signed a multi-year contract with Phoenix Managed Networks, under which Merchant Link will offer its customers Phoenix’s PCI DSS firewall service coupled with breach insurance. This service is a cloud-based management service with an on-site security appliance that locks down the point-of-sale (POS) system and segregates payment traffic from all other corporate IT data. The router further simplifies compliance with PCI standards and addresses the PCI DSS requirement to install and maintain a firewall configuration. The service simplifies the process by pre-populating the PCI DSS Self Assessment Questionnaire (SAQ) document and includes $100,000 of breach insurance in the event of a security breach. It also guards the POS network from internal and external threats 24x7x365.

North American Bancard to Partner with PCI SSC

North American Bancard has joined the PCI Security Standards Council as a new Participating Organization. North American Bancard (NAB) will work with the Council to achieve and improve payment data security worldwide through the ongoing development of the PCI Security Standards, including the PCI DSS, PIN Transaction Security (PTS) requirements and the PA-DSS. With this, NAB adds its voice to the standards setting process and will receive previews of drafts of standards and supporting materials in order to provide feedback to shape their final versions, as well as engage a growing community of more than 600 organizations united to improve payment security.

Bell ID Joins EMV Migration Forum

Bell ID has joined the EMV Migration Forum, independent, cross-industry organisation started by the Smart Card Alliance, to drive and support EMV payments technology in the United States. Bell ID will contribute its extensive knowledge of provisioning and managing the delivery of secure services to end-users via chip-based technologies on plastic cards and in mobile NFC-enabled devices. The launch of the EMV forum provides a central hub for the U.S. payments community to effectively discuss and agree how EMV technology should be implemented across the country. The forum brings together payment systems, banks and financial institutions, product manufacturers and key actors in the NFC ecosystem, to ensure interoperability, security and consumer usability of secure-chip technology.

Google Wallet Rationalizes Consumer Purchasing

On sites that accept Google Wallet, consumers no longer need to enter their credit or debit card number, billing address or other payment information because it’s already stored in their Google Wallet. Typically, on mobile websites, users need to key in 17-20 fields of information on a small screen while having to click and scroll through multiple pages to provide shipping and billing information. Now they just click the ‘Buy with Google Wallet’ button, log into Google Wallet and click to complete your order. Consumers can also view credit and debit cards, shipping addresses and transaction history conveniently in one place at wallet.google.com/manage and set a default card for future purchases on your Google Wallet account, making future transactions even faster.

No News is Good News on Unemployment Front

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total nonfarm payroll employment was up 171,000 in October but the unemployment rate was essentially unchanged at 7.9%, according to the U.S. Bureau of Labor Statistics. The number of unemployed persons of 12.3 million was also unchanged in October after dropping off in September to 7.8%. Those long-term unemployed- of 27…

Heartland 3Q/12 Net Income Sustains Respectable Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Heartland Payment Systems payment processors announced a net income of $19.4 million for the three months ended September 30, 2012, up on 2Q/12 net income total of 17.8 million. With this, small and Mid-Sized Enterprise (SME) quarterly transaction processing volume was $18.8 billion, up 5.8% from the year ago period, while…

Visa Transactions Processed Up 2% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa posted their fiscal fourth quarter (3Q/12) net income of $1.7 billion and adjusted net income of $1.0 billion for a net income of $627 million. Meanwhile, net income for the full-year 2012 was $4.2 billion, an increase of 19% over the prior year. Payments volume growth, on a constant dollar…

epay Unveils Gift Card Center

epay prepaid and payments processor launch its epay Gift Card Center for retailers. Featuring over two dozen national brands, including a blend of “mall” cards and online/catalog gift cards, retail stores benefit from opportunities for additional sales and solidify their role as a “one-stop-shop.” Gift card issuing merchants benefit from epay’s large national distribution network of over 50,000 retail locations and low cost of entry into the gift card space. The epay Gift Card Center appeals to a wide audience because of its variety of cards, including epay’s Visa® gift card, which can be used everywhere Visa debit cards are accepted; merchant gift cards such as Columbia Sportswear, Overstock.com, Omaha Steaks®, Great Clips, Showcase Cinemas, Regal Entertainment Group, Elektra de Mexico and Coldwater Creek; and content such as epay Dining Deals, an online portal with access to nationwide coupons for both restaurants and grocery.

Gemalto Exec to Serve on the Identity Ecosystem Steering Group

Gemalto digital security announced its Senior VP, Government Programs, Mr. Neville Pattinson, was appointed to the Identity Ecosystem Steering Group (IDESG) Management Council formed recently by the National Strategy for Trusted Identities in Cyberspace (NSTIC). Pattinson is an expert having been involved in planning and implementing several U.S. e-Government initiatives. He has also served as Technical Chairman of the Smart Card Alliance (SCA) and Vice-Chairman of the SCA’s Identity Council and joins 13 other delegates from global organizations with each of the experts serving a range of perspectives. NSTIC, tasked to improve security in cyberspace and e-commerce, formed the steering group to develop and administer the process for policy and technical standards development for the Identity Ecosystem Framework.