ClickBank Achieves Level 1 PCI Compliance

ClickBank has attained PCI DSS Level 1 compliance certification, committing to its customers’ protection and ensuring secure transactions for both customers and vendors. This also represents the ongoing efforts they have established in order to combat fraud. ClickBank’s sister company, Kount, is a leading innovator of solutions for fraud and risk management. Kount provides the most advanced fraud fighting technology available today, and protects against both traditional and emerging card-not-present threats.

NACHA Announces 2011 Payments System Awards Recipients

NACHA Electronic Payments Association announced the recipients of its 2011 Payments System Awards. The winners are being recognized during the Payments Systems Award Luncheon, sponsored by TD Bank, at NACHA’s PAYMENTS 2011 conference. The Payments System Awards recognize outstanding individuals and organizations for their superior leadership, innovation, and excellence in the development, implementation, or advancement of electronic payments. This year’s awards recipients include the 2011 Kevin O’Brien ACH Quality Award; the 2011 NACHA PayItGreen Award; and the 2011 George Mitchell Payments System Excellence Award. NACHA celebrates the achievements of these three award winners for outstanding contributions to the industry.

Prepaid Card Market Primed to Explode in 2011

China is already the world’s largest payment card market, based on the number of credit and debit cards in circulation, with a tremendous prepaid card market. In 2009, prepaid cards across 11 categories recorded about CNY1, 370B (US$207.6B) in sales/loads in China. The prepaid card market in China might offer significant opportunities for members of the global payments industry who have been waiting anxiously to get a bigger piece of the local market. Mercator’s latest research provides the most comprehensive overview of the prepaid card market in China on general-purpose (open- and semi-open) and private-label/closed- loop prepaid card markets.

New Chairman Appointed for Prepaid International Forum

Prepaid International Forum (PIF) named Kusal Roy, Head of Cards and Personal Loans at ICICI Bank as the successor to founding PIF India Chairman Sachin Khandelwal who is stepping down after two years. Kusal Roy is a retail banking professional with 16 years of experience, across Citibank, Barclays and ICICI Bank. Currently, he is General Manager and Business Head of Cards (Credit, Debit and Prepaid) and Unsecured Loans at ICICI Bank. The various cards businesses at ICICI Bank are among the largest in India in each product vertical. Mr Roy has rich experience in the payments domain over the last decade and a half, having created significant product innovations including India’s first foreign-currency prepaid card.

eLayaway Launches Spanish Language Site

eLayaway layaway payment processor has launched “eApartado.com,” a Spanish version of its website. Replicating site content, FAQ’s, alerts and the user interface of the English language version, the new application was designed to support multiple languages as well as manage different currencies. The initial launch will support the U.S. Hispanic market and merchants transacting in USD and will eventually be released globally. The ability to manage multi-lingual content on the site is the second new feature announced from the recent beta release of eLayaway 2.0, February 2011. Spanish was chosen as the Company’s first multi-lingual release due to consumer demand.

Fime Authorized for NFC Forum

Fime NFC solutions has achieved NFC Forum Authorization for its laboratories, allowing it to conduct tests that will confirm a device’s compliance to the NFC Forum’s technical specifications and attain certification from the industry body. In 2010 the NFC Forum – a global association which advances the use of NFC technology – launched a certification program to support industry interoperability and provide device behavior assurances within the marketplace. As an Authorized NFC Forum Laboratory, FIME can now work with device manufacturers to enable them to achieve industry certification for their products, which will allow them to use and display the N-Mark.

Panini Adds Ultraviolet Scanning for Check Scans

Panini global payments processing technology has added ultraviolet (UV) light scanning capabilities to its “Vision X” check scanning platform. The new UV scanning capability will be available as an optional feature on the Panini Vision X, allowing banks to assess item authenticity during the cheque truncation process. India’s new Cheque Truncation Standards, established by the Reserve Bank of India, include various security features to ensure uniformity across all banks in the country by providing a standard for the examination of checks in an image-based processing environment. A key security feature introduced by the new standards is the inclusion of ultraviolet logos on all paper cheques; bank logos will be printed using UV ink, visible only under UV light. When using the new UV detection feature, the Panini Vision X will scan the front cheque image with UV light, enabling the necessary fraud detection procedures, while simultaneously capturing the greyscale or binary image required for cheque truncation.

ACI Worldwide Evolves ATM & POS Processing Solutions

ACI Worldwide electronic payments software and solutions improved its “BASE24-eps,” “BASE24-atm” and “BASE24-pos.” Having all been validated under the PCI’s PA-DSS, the processing systems allow users to remain fully compliant with the industry standards for data security. As a PCI participating organization, ACI is actively involved with the PCI community and standards. ACI’s Security Engineering organization consults with product architects and customers to implement solutions that will meet the requirements defined by those standards.

Jumio Online Payment Gets $6.5m Series-A Round

Jumio online and mobile payment solution has closed a $6.5 million Series-A round of funding led by the co-founder of Facebook and private investor, whom will become actively involved in Jumio’s roll out into the Asian market and joins Jumio’s board of directors. The Company created its Special Purpose Acquisition Company (“SPAC”). A participation in Jumio was placed privately to Ultra High Net Worth Individuals (“Ultra HNWI”) in form of a private placement. The use of SPAC is very rare amongst start-up companies, but generates a lot of interest from high net worth individuals to participate in start-ups.

Diebold to Manage 1,100 Axis Bank ATMs

Diebold India has forged a two-year managed services agreement with Axis Bank and will manage more than 1,100 of the bank’s ATMs across the Country. Diebold will now support Axis Bank with ATM incident monitoring, vendor management, cash forecasting and replenishment services, caretaker services, consumables management and site maintenance. Diebold managed services is a partnership approach that leverages global best practices, economies of scale, accumulated vendor experience and knowledge. This ensures continuous improvements, operational efficiency and cost reduction for customers. Diebold India is a wholly-owned subsidiary of Diebold, Incorporated, and is headquartered in Mumbai, India, with an infrastructure supporting more than 780 locations across the country.

Bank Leumi Implements Check Point DLP

Bank Leumi Switzerland international private banking center for the Leumi Group has deployed Check Point’s “Data Loss Prevention” (DLP) solution to secure sensitive data and address critical compliance requirements, while simplifying IT management. With a growing network of over 4,500 clients in over 80 countries, the bank requires a strong DLP solution that ensures it meets and exceeds government regulatory compliance standards and safeguards confidential customer information, such as bank account numbers, credit card data and Social Security numbers. The bank implemented the Check Point DLP Solution to proactively prevent data loss and educate employees on the bank’s communications practices and policies. Customers can choose from the “Check Point DLP-1” appliance or the “Check Point DLP Software Blade” that can be deployed on all Check Point security gateways.