Hypercom announced that its next generation “M5000” mobile payment terminal has achieved PCI PTS 2.1 certification. The M5000 is the next generation multipurpose mobile payment system whose futureproof features will protect the investments of a broad spectrum of merchants worldwide, ranging from hotels and restaurants to taxis and delivery companies. Building on innovations incorporated in its sought-after “L5000” multilane product family, Hypercom’s new “M5000″ in-hand mobile payment system has a 3.5” color icon-capable touch screen display that enables new ways to interact with the cardholder. It is also powered by a 266 MHz standard, 400 MHz optional processor, and includes up to 500MB of memory.
APAC Customer Services outsourced services and solutions has been certified as enterprise-wide compliant with the PCI DSS version 2.0 as a Level 1 Service Provider by Tech Lock. As a Level 1 Service Provider, APAC will undergo an annual onsite assessment by Qualified Security Assessors to apply some of the most strict and thorough testing procedures of any regulation or standard. IL-based Tech Lock is a PCI Qualified Security Assessor that specializes in holistic and multi-regulatory compliance.
APAC Customer Services has been certified as enterprise-wide compliant with the PCI DSS V2.0 as a Level 1 Service Provider by Tech Lock. APAC Customer Services is a leading provider of customer care services and solutions to market leaders in healthcare, business services, communications, media & publishing, travel & entertainment and financial services industries. APAC partners with its clients to deliver custom solutions that enhance bottom-line performance. Tech Lock is a Payment Card Industry Qualified Security Assessor that specializes in holistic and multi-regulatory compliance.
Hypercom Corporation has launched its “M5000” mobile payment terminal multipurpose mpayment system whose futureproof features will protect the investments of a broad spectrum of merchants worldwide, from hotels and restaurants to taxis and delivery companies. The “M5000” in-hand mobile payment system with a vibrant 3.5â color icon-capable touch screen display that enables new ways to interact with the cardholder. It’s powered by a 266 MHz standard, 400 MHz optional processor, and includes up to 500MB of memory. The processor combined with a touch screen can drive any payment or non-payment application imaginable with a stunning user interface, such as icon-based integration with inventory management or menu ordering systems and includes a software development toolkit that will maximize development efficiency.
APAC Customer Services, a leader in global outsourced services and solutions, announced that current board member Kevin T. Keleghan will succeed Michael P. Marrow as President and Chief Executive Officer, effective September 13, 2010. Keleghan will continue to serve on APACâs board of directors. He has distinguished himself as an APAC board member during the past year and brings with him a long-standing history of strategically building businesses. He is ideally suited to lead APAC into the future. APAC Customer Services is a provider of customer care services and solutions to financial services industries.
MoneySolve reports that with a growing debt problem and an ever increasing reliance on credit, experts are forecasting a substantial increase in those seeking credit card debt consolidation or restructuring or some sort. Personal insolvencies are already at their highest since records began and it is feared that our consumer society’s plastic habits could lead to even higher figures over the coming years. Recently released statistics from Credit Action include APACS figures indicate that as of 2008 there were more credit cards in the UK than people. Credit card debt continues to soar, with a collective personal credit card debt in the UK now sitting at Pounds Sterling 54.5 billion! This equates to Pounds Sterling 5,129 per person.
GuestLogix’ PCI compliant XPDA-V POS handheld device with PIN Pad has
received UK Cards Association Common Criteria 2.3 EAL 4 accreditation
for use in the UK and elsewhere. Specializing in onboard retail
solutions to the passenger travel industry, GuestLogix POS is providing
operators greatly improved security over existing mobile POS devices to
reduce credit card fraud and drive lower card processing costs. Carriers
can also enhance customer service by providing more convenient and quick
payment options to their passengers while generating new profitable
revenues by being able to accept higher value credit and debit card
transactions. The UK Cards Association was formed in April 2009 as the
successor body to the APACS Card payments Group to promote co-operation
between industry participants in order to progress non-competitive
matters of mutual interest.
With identity theft and credit card fraud costing US$50 million a
day(US$18.25 billion per annum) and CAD$8 million per day ($2.9 billion
per annum) in the US and Canada, respectively, this is considered the
fastest growing crime Y/Y. In response VerifySmart fraud free credit and
debit payment processing services has received a Solutions Request from
the “UK Bank” to encompass all aspects of global operations, including
the potential introduction of a fraud-free co-branded debit/credit/money
transfer card. With operations in 57 countries, the UK Bank is a major
credit and debit card issuer and provides financial services to a vast
range of individual, enterprise, multinational, investment banking and
asset management clients globally. VerifySmart executives and developers
are working together with the UK Bank’s security and card services
divisions to better understand the intricacies of its business and how
best to propose integration of all VerifySmart core technologies.
VerifySmart secure credit/debit card payment processing has signed an
MOU with Mr. Theodore ‘Teddy’ Permadi Rachmat of Indonesia outlining
terms of an Agreement to form a Joint Venture Company. The JV will
introduce a proprietary suite of fraud prevention and detection
technologies for institutions across Southeast Asia, Asia and the Middle
East. Tapping the breakneck speed at which Southeast Asia’s
technological and economic environments develop, and the financial
community’s inability to harness or eliminate crippling credit/debit
card and online transaction fraud loss, VerifySmart reduced credit/debit
card fraud loss numbers to zero in initial testing. Rachmat founded the
Southeast Asian conglomerate Triputra Group to generate revenues in
excess of $3b annually.
Offering a better alternative to Chip and PIN security, VerifySmart’s
latest security solution protects lost or stolen cards from identity
theft and cloned cards. In doing so, transactions control is always in
the hands of the card owner, thanks to authentication segregating the
verification and PIN process from the physical card or transaction
medium for two-part authentication. This authentication requires a
second source for a complete transaction but prevents it from being
forged. The VerifySmart credit and debit card fraud detection and
prevention technology is patent and patent-pending in 29 countries
ranked by strategic importance and wireless penetration rates.
VerifySmart’s debit and credit card processing transmits a payment
card’s debit signal to the bank through the card holder’s mobile phone
by VerifySmart, to which a cell phone message relays a transaction is in
progress. To validate the transaction, the card holder need enters his
unique PIN number for authorization or refusal.
In response to US credit card fraud reaching nearly US$50 million a day
(US$18.25 billion annually), VerifySmart payment processing services is
launching its enhanced transaction authentication solutions. Offering
next Generation, near real-time identity fraud protection, the
VerifySmart debit and credit card security and fraud detection
technology allows the cardholder to be aware and authorize any payment
transaction to act as an active guard to their own payment card
transactions. The technology, card transactions and internet
transactions application can all be verified without requiring the banks
and merchants to invest in new equipment or major modifications.
VerifySmart Corp designed and developed its Proprietary
Hardware/Software Solution to prevent Credit/Debit Card fraud with two
Choice Card Services a/k/a Deltacard Services, has “Class A”
certified and will market Hypercomâs “Optimum T4200” countertop and
“M4230” mobile payment terminals to its 41,000 U.S. customers. Last
week, The Phoenix Group, the largest independent distributor of POS
products and services, inked a deal to purchase up to $6 million of
Hypercomâs “Optimum” payment products for resale to U.S. businesses.
Also in June, Central Payment Corporation will offer Hypercomâs “T4205”
to its more than 25,000 U.S.-based merchant customers. In May, Chase
Paymentech “Class A” certified Hypercomâs PCI PED-approved “Optimum
T4205” card payment terminal. In April, First Data issued “Class B+”
certification to Hypercom’s Optimum “T4205” with “SPOS32” software. Also
in April, Dallas-based payment processor TransFirst “Class A” certified
Hypercom’s “Optimum T4205” and “T4220” payment terminals and Apriva
“Class A”-certified Hypercomâs “SPOS32” payment software on the “Optimum
M4230” mobile payment terminal for the retail and restaurant markets.
Additionally, APACS certified the terminals in the UK. The “Optimum
T4200” product family for North America consists of four 32-bit
multi-application devices that share the same platform, user interface
and software toolkit. (CF Library 4/9/09; 4/15/09; 4/22/09; 5/20/09;
6/9/09; 6/16/09; 6/23/09)