CONIX Refines Fraud Detection Database for Payments Industry

CONIX Systems has enabled financial institutions and payment processors to aggregate payment anomalies in a shared SaaS database. CONIX, a leading international provider of payment processing solutions to the financial services industry, has developed an integrated duplicate detection and fraud detection system that can be implemented as an in-house solution. Since launching its automated enterprise duplicate detection solution Dupe Detective(R) in 2005, CONIX has concentrated on helping financial institutions and payment processors adapt to the shift toward electronic payment types. The CONIX Fraud Detective processes payments from all payment sources and channels, including image exchange, ACH, RDC, and Mobile Capture.


Following a complaint lodged before the Commission des droits de la personne et des droits de la jeunesse, an agreement has been reached with Pharmaprix retail stores to make debit/card readers more readily accessible to the disabled. There was a filed a discrimination complaint before the Commission, for not making easy access the debit/card reader at a local Pharmaprix store. Because the debit/card reader was connected to an immovable metal base, it had to be unlocked by a Pharmaprix representative so that the complainant could enter her PIN code in a secure manner. An agreement was reached with Pharmaprix, stipulating they will take the necessary steps to make all debit/card readers more accessible to the disabled using cable connections.

Cybercrimes Set a New Record in 2008

A new study has found that corporations fell victim to some of the
largest cybercrimes ever during 2008. The financial sector accounted for
93% of all such records compromised last year, and a 90% of these
records involved groups identified by law enforcement as engaged in
organized crime. According to the “2009 Verizon Business Data Breach
Investigations Report” 74% of breaches resulted from external sources,
while 32% were linked to business partners. Only 20% were caused by
insiders. Also, in 69% of cases, the breach was discovered by third
parties. Additionally, a staggering 81% of affected organizations
subject to the “Payment Card Industry Data Security Standard” had been
found non-compliant prior to being breached.


Debt inquiries at Citizens Advice Bureau(CAB) have increased by 20%
over the past year bringing the total number of debt issues for 2006-07
to 1.7 million. Additionally, the number of debt inquiries has doubled over
the past 10 years, to 40% of the CAB debt caseload, and has become
the primary topic of inquires at a rate of 6,600 per business day. Of
these inquiries, 25% are regarding credit and store cards. Overall, calls
regarding debt of all kinds has increased by 14%, unsecured loan
questions increased by 18% and bankruptcy increased 50%. CAB
offers consumers free, independent and expert debt advice in the UK on
a range of issues.

2Q/02 Bankruptcy Filings Hit New Record

Bankruptcy filings for the twelve-month period ending June 30th hit an all-time high of 1.65 million, a 10% increase over the same period in 2002. Chapter 7 filings hit 1.17 million and Chapter 13 filings approached 500,000 over the past twelve months. According to the Administrative Office of the U.S. Courts, the total number of bankruptcy filings during the second quarter were 440,257, a 9.9% increase over 2Q/02. The 2Q/03 data was a high for quarterly filings.

(for year ending June 30th)
Year Chap. 7 Chap. 13
2003 1,165,993 472,811
2002 1,053,230 440,231
2001 972,659 403,418
2000 885,447 380,770
1999 993,414 389,004
Source: Administrative Office of the U.S. Courts

Bankruptcies 4Q/02

Bankruptcy filings hit 395,129 for the fourth quarter. For all of 2002, total bankruptcies filed were 1,577,651, up 5.7% from 2001. Previously, the largest number of bankruptcies filed in a single 12-month period was in the period between October 1, 2001-September 30, 2002 when it hit 1,547,669 filings. According to the Administrative Office of the U.S. Courts, of the total number of bankruptcy filings for the 12-month period ending December 31, 2002, there were 1,109,923 Chapter 7 filings, up 5.2% from the 1,054,975 Chapter 7 filings in the same period in 2001. The next largest group of filings was Chapter 13 filings at 455,877, up 7.2% from the 425,292 filings in calendar year 2001.

Year Chap. 7 Chap. 13
2002 1,109,923 455,877
2001 1,054,975 425,292
2000 859,220 383,894
1999 927,074 382,214
1998 1,035,696 397,619
1997 989,372 403,025
Source: Administrative Office of the U.S. Courts

Bankruptcy 3Q/02

Bankruptcy filings continue to set records as bankruptcy reform is still batted around in Congress. Bankruptcy filings for the twelve month period ending September 30th totaled 1,547,669, up 7.7% from the 1,437,354 bankruptcy filings for the same period one year ago. For the third quarter, the total number of bankruptcy filings hit 401,306, the highest quarterly level ever. According to the Administrative Office of the U.S. Courts, non-business or personal bankruptcy filings, which make up the majority of bankruptcy filings, also broke records with a total of 1,508,578, up 7.8% fro 2001. The number of Chapter 7 filings rose 6.9% from the previous fiscal year to 1,084,336. Chapter 13 filings rose 9.5% to 451,258. According to industry data gathered by CardData, bankruptcy losses account for 46.9% of the credit card write-offs incurred by larger issuers, and 41.3% of the charge-offs sustained by smaller issuers. For complete details on the latest bankruptcy data visit CardData ([][1]).


EPIQ 3Q/02

KS-based EPIQ Systems reported third quarter revenues for bankruptcy services of $9.2 million and gross profit of $6.7 million. EPIQ Systems, Inc. develops, markets and licenses proprietary software solutions for workflow management and data communications infrastructure that serve the bankruptcy trustee market and financial services market.

Food Stamps at Farmers Markets

U.S. Wireless Data and Lockheed Martin IMS announced that participants in the U.S. Department of Agriculture’s Food Stamp Program will soon be able to use their Electronic Benefit Transfer cards to purchase produce and other foodstuffs in open-air farmers markets.

A pilot program coordinated by Lockheed Martin IMS, the program features the debut of the first-ever wireless EBT transaction. Beginning in New York City this summer, the pilot could potentially roll out to thousands of farmers nationwide.

This new initiative is made possible thanks to technology provided by U.S. Wireless Data, Inc. (USWD) (OTCBB: USWDA), the leader in wireless payment services; Tillsmith Systems, a leading manufacturer of wireless point-of-sale terminals; and Buypass, a subsidiary of Concord EFS, Inc., the industry leader in EBT processing.

With the federally-mandated move away from paper coupons in favor of electronic debiting of food purchases, New York State has been searching for technological alternatives to allow recipients to purchase food at sites that lack telephone or electrical access. Wireless provides an optimized solution that addresses this access problem. New York currently allows vendors to utilize EBT vouchers in these settings.

“This technology solution will benefit both farmers and consumers participating in the Food Stamp Program,” said Audrey Rowe, senior vice president and managing director of Children & Family Services for Lockheed Martin IMS. “Most open-air markets lack the telephone and power lines needed for standard EBT transaction processing equipment. Plus, the authorization speed provided by U.S. Wireless Data enables EBT transactions to be as fast as cash.”

Tillsmith’s hand-held, battery-powered wireless payment terminals, enabled by U.S. Wireless Data’s high-speed Wireless Express Payment Service(sm) (WEPS(sm)) platform, will be provided to qualified farmers authorized by the USDA under the Food Stamp Program. The USWD solution will enable the farmers to accept EBT card payments from Food Stamp Program benefits recipients. The wireless payment terminals will be on loan from Tillsmith for a four-month period to farmers who agree to assist in evaluating their usefulness. EBT transaction processing will be provided free of charge by U.S. Wireless Data and Buypass during this trial period.

Although the project is intended to facilitate EBT (Food Stamp) transactions, the wireless terminals also can accept standard credit cards (Visa/MasterCard/American Express) and debit (ATM) cards. Farmers will have the option to activate these functions on the terminal for the duration of the demonstration pilot, for a standard card processing cost.

“The Farmers Market Wireless EBT Project illustrates the huge potential market for wireless payment processing,” stated Dean M. Leavitt, Chairman and CEO of U.S. Wireless Data. “Through this and other programs, WEPS is opening new markets for card acceptance at venues in which telephone dial-up is not feasible.”

“We are pleased to be involved in the wireless pilot project,” said OTDA Commissioner Brian J. Wing. “We, along with the state Department of Agriculture and Markets, will monitor its usefulness and cost effectiveness to determine whether it has the potential to become a statewide system.”

Part of an effort to explore workable solutions for EBT cards at farmers markets, the initiative is a collaborative venture among the Council on the Environment of New York City/Greenmarket Program, the New York State Office of Temporary and Disability Assistance (OTDA), U.S. Department of Agriculture, New York State’s EBT prime contractor, Citibank EBT Services, and its retail service provider in New York, Lockheed Martin IMS. Citicorp made its system available and helped facilitate the project, consistent with the company’s commitment to support the USDA in finding ways to extend EBT services to farmers markets. This project is one of the first in the United States to enable Food Stamp customers to use their EBT cards in open-air venues.

About U.S. Wireless Data, Inc.

U.S. Wireless Data, Inc. ([][1]), founded in 1991, markets proprietary technology that brings together three large, rapidly growing industries-transaction processing, wireless data transport and the Internet-to enable wireless payment processing. The Company’s WEPS platform provides a gateway among all of the parties within a wireless point-of-sale (POS) transaction. This enables businesses that require mobility (i.e., not tethered to a telephone line) and/or faster transaction speed to accept wireless point-of-sale payments. By providing a seamless interface among merchants’ POS terminals, wireless carriers and card processors, credit, debit and other card transactions can be processed as fast as cash, without the cost and inconvenience of a telephone line. In addition, WEPS’ Internet-based tools offer on-line, real-time transaction monitoring, remote diagnostics and automated terminal activation. The Company is headquartered in New York City.

About Lockheed Martin IMS

Lockheed Martin IMS ( provides technology-based services to more than 200 state and local government customers, with a focus on transaction processing, program management and systems integration services. A wholly owned subsidiary of Lockheed Martin Corporation, IMS has a 20-year history of successfully partnering with government agencies in such areas as child support enforcement, welfare-to-work services, electronic toll collection and other “intelligent” transportation services involving the trucking industry, photo enforcement of red-light and speeding violations, parking management, information technology outsourcing and electronic commerce services. In the area electronic benefit transfer, IMS last year served 3.7 million EBT recipients in 18 states, representing 44 percent of the national caseload. IMS’ EBT network encompasses more than 40,000 point of sale devices located at 62,000 retail sites.

About Tillsmith Systems

Established in 1989, Tillsmith Systems ([][2]) is a wholly owned subsidiary of Australian electronic commerce and smart card company, Keycorp Limited (ASX: KYC). Tillsmith is an ISO 9002 certified manufacturer of point-of-sale payment terminals for North American merchants. In addition to a range of both wired and wireless point-of-sale payment terminals and credit transactions, Tillsmith’s Nobil Secure Internet Payment System provides payment processing for e-commerce. Together, Tillsmith and Keycorp continue to design, manufacture and market a wide range of payment solutions to satisfy an evolving marketplace. Tillsmith is headquartered in Phoenix, Arizona.