Retailers can now utilize Limelight’s PCI compliant service as part of their overall PCI compliance plan and to mitigate security risks associated with their delivery platform. For this, Limelight is working with VeriSign online security to develop their security measures, including tokens and SSL certificates. Limelight’s PCI compliant Secure Commerce Accelerator allows retailers to better balance a richer end user experience with overall site performance. The service maximizes the delivery of dynamic site content such as transactions and shopping carts, as well as personalized pages and other highly interactive content. Through Limelight’s reliable global infrastructure, Secure Commerce Accelerator can amplify the effectiveness of customer-owned infrastructure and increase the availability of storefronts during peak usage periods. Retailers employing the solution can consistently and quickly provide end users with engaging sites and secure transactions regardless of site traffic or end user location.
White Sky has debuted “ID Vault Portable Edition”. “ID Vault Portable Edition” will allow users to securely access their online accounts from virtually any Windows-based computer, no matter where they are. ID Vault provides protection from the PC to the financial institution and everything in between, thwarting threats including bank Trojans, phishing attacks, and man-in-the-middle attacks that can compromise online banking, investing and shopping.
“ID Vault Portable Edition” is available in the form of a software download that can be loaded onto any flash drive. Once installed, ID Vault provides single-click, secure sign-on to any password-protected online accounts, eliminating exposure to online fraud through its end-to-end, continuously updated protection. Two-factor authentication is used to match the userâs PIN with the device ID, and if successful, a protected key is sent down to unlock the userâs credentials on the flash drive. ID Vault runs in a secure, environment, providing protection even if the PC or the network has been compromised. When users unplug Portable Edition from the machine, no trace of the application or user information is left behind. All of the usersâ credentials are securely stored on the flash drive and are accessible only when the flash drive is plugged in and the correct ID Vault PIN is entered.
Level Four, an open standards ATM software developer, conducted a survey
of 50 attendees at the European ATMs show in mid-April 2008
demonstrating nearly 22% of European banks intend on alleviating ATM
downtime over the next 12-18 months. Among problems contributing to ATM
downtime is unreliable network availability, resulting from changes to
the network such as migration to the Windows operating system, and
lacking customer services, which 21% of respondents intend to address
over the next 18 months. Additional findings of the survey show 17% will
be pursuing/executing a multi-vendor strategy, 16% plan to upgrade to
new IT infrastructures and 16% plan to integrate their ATM channel with
other banking channels. In response, Level Four encourages the banks to
better manage/control their networks with intelligent ATM monitoring.
Secured Financial Network and Blue Bamboo USA have partnered for
the launch of Blue Bamboo’s wireless “H-50 terminal” and the “P-25M
Bluetooth” printer. Using SFN’s RedFin Payment Gateway, the new
components allow transactions processing through Blackberry wireless
devices with various carriers. Secured Financial Network provides
processing for e-commerce and traditional transactions and has plans to
eventually introduce a mobile ATM solution while Blue Bamboo designs
upgrade products for POS terminals.
The 2nd annual “Payment China 2008” will be held in mid-April of
this year in Beijing, China. With payment services accounting for over
40% of total bank revenue, IT and diversification is increasing
competition in the market, for which “Payment China 2008” provides
a forum where industry leaders can share ideas and receive guidance.
Representatives from financial institutions around the world are scheduled
to speak, provide guidance and ideas on issues regarding the country-wide
payment, clearing and settlement infrastructures, payment services, the
Asian payment industry, the upcoming Olympics, transfer services and
VISA is reportedly gearing-up to launch a new high-end card to compete with American Express’ high volume card users. The new “VISA Signature Preferred,” to be introduced in mid-April, will be aimed at cardholders charging more than $50,000 per year. The Wall Street Journal noted that VISA USA will charge 14% more per transaction than the current rates for “VISA Signature.” The WSJ says the VISA rate will be an average 2.27% of a transaction on the “Signature Preferred” card, compared with 1.99% on other high-end cards from VISA. VISA says “Signature” cardholders generate an average annual spend per active card of roughly $25,000. In the third quarter of 2006, volume on “VISA Signature” grew 16.8% to $34 billion, in a year-over-year comparison. (CF Library 2/13/07)
Payment Data Systems has announced a Valentine’s Day $1000 gift card contest for consumers who purchase a “Carmen Electra Gift MasterCard”. Each card ordered can be embossed with a special message to be displayed below the recipient’s name. Messages that can be selected are “Happy Valentine’s,” “I Love You,” or “We Love You.” The gift card may be purchased and the message selected at www.electragift.com. Payment Data Systems, a subsidiary of MetaBank, is an integrated payment solutions provider to merchants and billers and is the owner of the electronic bill payment portal, http://www.billx.com, which has the ability to transmit payments to thousands of national billers.
Houston-based Commerciant is launching a wireless handheld device that processes checks and credit cards in a single, integrated device. The new “Mobilescape 5000” weights 1 lb 4.1 oz. without paper, has a 6000 transaction storage capacity, onboard thermal printer and a Lithium-ion battery with a runtime of 10 hours with intermittent use. The new terminal will be commercially available in mid-April, and will retail for $899.
More than 200 marketing executives will gather in Phoenix in mid-April to learn and share marketing and e-commerce best practices specific to the financial services industry. The “Net.Finance 2006” three-day event will discuss synchronizing the multi-channel experience, security and authentication, effective e-commerce strategies and optimizing the online marketing mix. The Net.Finance 2006 agenda also includes the “Customer Acquisition” and “Cross-Selling Summit, dedicated solely to strategies for acquiring qualified leads and increasing the share of wallet, featuring case studies from Wells Fargo, Progressive Direct, Citi Cards, Countrywide Financial, Allstate and Sharebuilder. Lead program sponsors include eStara, Google, Leadfusion, MSN, Passmark Security, TeaLeaf and Yahoo! Search Marketing.
Epson announced that four additional divisions of Goodwill Industries have selected the its “TM-H6000II” multifunction printer with “TransScan” digital check imaging and PC America’s “Cash Register Express” software as part of a 100-store, 300-register rollout. Cash Register Express is a POS solution that provides fast checkout, back office functionality, purchase orders, warehouse distribution, gift cards, and store credits, synchronized in real-time over the Internet for up-to-the-minute information and provides customers with receipts for tax purposes. Cash Register Express is a provider of point of sale system to replace cash registers in retail stores.
Postbank is gearing-up to launch the first American Express cards in Bulgaria. The new cards will be available as a standard credit card and a “Gold” credit card. The standard card offers a minimum credit line of BGN 1000 and the annual fee is BGN 50. The “Gold” card offers a minimum credit line of BGN 5000 and the annual fee is BGN
120. The cards will be available mid-April. Postbank says it will also acquire new merchants in Bulgaria to accept the American Express Card at their establishments.
Capital One was upgraded yesterday to a “long-term buy” rating by analysts at Hilliard Lyons Research. The target price was set at $89. Cap One is currently trading at $75 per share. It reached a 52-week high of $77.67 in mid-April. Hilliard Lyons analysts says the Company’s consistent EPS growth is the key factor in the upgrade. Cap One’s EPS is expected to rise by 17% this year, and 16% next year. Cap One’s second quarter U.S. card profits increased by 40% year-over-year. For the second quarter, COF posted net income for U.S. cards of $384.1 million, compared to $386.8 million in the first quarter, and $274.2 million one-year ago. At the end of the second quarter Cap One had $45.2 billion in U.S. card loans, compared to $45.3 billion in the first quarter. COF’s global managed loan portfolio grew by $1.6 billion to $73.4 billion in 2Q/04. For complete details on Capital One’s latest performance visit CardData ([www.carddata.com]).