Aconite, the leading provider of chip and mobile software solutions, is pleased to announce that Tutuka, a South African third party processor, has selected Aconite’s Smart EMV Manager solution to deliver full EMV compliance in their card processing platform. Tutuka provides a national prepaid card service for clients issuing Visa and MasterCard prepaid products. The upgrade of this service to full EMV capability will ensure that clients, who include Standard Bank, Vodacom and MasterCard, can benefit from the enhanced security that EMV brings.
MoneyGram International money payment announced Ambassador Antonio Garza (Ret.) will stand for election to the MoneyGram Board of Directors, bringing the number of directors up to 10, five of whom will be independent. Ambassador Antonio Garza was the U.S. Ambassador to Mexico from 2002 to 2009. He is currently an attorney in the Mexico City office of White & Case LLP, an international law firm, where he has worked since 2010. He has also served as chairman of ViaNovo Ventures, the cross-border unit of a management consulting firm, since 2009. Ambassador Garza was elected to the Texas Railroad Commission in 1998 and served as its Chairman from 1999 until 2002. He is a former partner at Bracewell & Patterson (now Bracewell & Giuliani) and previously served as Secretary of State of the State of Texas and Senior Policy Advisor to the Governor of the State of Texas from 1994 to 1997.
VISA’s is hosting its first “Card Security Summit” in Washington, DC this morning with Rudy Giuliani and John Coghlan as keynote speakers. The summit, titled “Cardholder Security in the New Electronic Payments Age,” will cover a wide range of current issues, including, reducing the threat of data compromises, protecting customer information, fighting fraud and helping ID theft victims.