Six members of the European Automated Clearing House Association (EACHA) have joined forces to deliver centralized and optimized processing services for SEPA transactions. For this purpose they have set up a new company called European Clearing Cooperative (ECC).
Multos International announces that Total System Services de México (TSYS), one of the largest financial services provider for credit/debit card issuers, will use its MULTOS chip card technology solutions in their latest EMV services offering to support banks and financial institutions. The new product launch includes support for a full range of technology options from SDA to DDA/CDA and dual interface, utilising MULTOS technology with payment applications from Multos International, approved by the major payment brands. TSYS solutions simplify the entire process for their issuer customers providing them guidance along the full cycle from product planning to final production.
The SD Association (SDA), a global ecosystem of companies setting industry-leading memory card standards, and the NFC Forum, a non-profit industry association that advances the use of Near Field Communication (NFC) technology, today announced a formal Memorandum of Understanding that will enable the two organizations to jointly educate the market and help build the ecosystem for NFC among users of smartSD memory cards. The SDA will work with NFC Forum Special Interest Groups to educate and promote adoption of NFC in conjunction with smartSD memory cards to target vertical markets including consumer electronics, mobile payment, retail, transport and health care. Some of the joint activities under consideration include workshops for target vertical markets, white papers, case studies, consumer research, webcasts, and hosted events or trade shows that demonstrate the business and consumer benefits of using NFC and smartSD memory cards together.
From EMV migration to email protection and Public Key Infrastructures, REALSEC’s solutions enable US financial institutions to dramatically reduce the time of deployment from months to weeks, increasing security level and ROI. The use of cryptographic technologies in the banking and financial sector is both a regulatory requirement, as well as a customer requirement. Customers’ increasing concerns about identity theft and the latest security breaches nationwide are boosting the deployment of additional security measures to help protect customer data and transactions. To address todays’ needs, REALSEC offers a number of unique solutions to protect financial-related operations EMV migration, ATM/POS remote key loading, digital signature, etc.
Multos International announces the launch of the new Discover D-PAS Dual-Interface application available for EMV migration on Discover, PULSE and Diners Club International networks. This latest application by Multos International complies with the new D-PAS contactless specification from Discover, and is certified across the latest range of MULTOS “step/one” and MULTOS product families for SDA, DDA and Dual-Interface (SC4, MC4 and ML4 platforms) applications. This opens up a new world of payment options for Discover cardholders, especially for use cases where speed of transaction is important such as transport.
Oberthur Technologies smart card technologies acquired Cupola Plastic Cards. Oberthur Technologies and Cupola Plastic Cards will become the regional leader in the Middle East and secure a strong presence in a number of African markets. Oberthur Technologies is able to offer customers a very diverse portfolio of payment cards, including EMV cards such as SDA, DDA, CPA and Dual Interface cards for contactless payments, enabling customers to benefit from the experience of thousands of successful EMV migrations. The company also offers solutions such as the Smart PIN, where the customer receives his banking card PIN via SMS, which is particularly interesting in the Middle East as most private addresses are P.O. Boxes.
Thales information systems and communications security announced its “payShield 9000 Hardware Security Module” (HSM) has won SC Magazine’s award for Best Secure Transaction Solution. The magazine’s annual awards for the European information security industry recognise those vendors at the forefront of innovative security technology delivery. The recognition came thanks to its cryptographic performance and resiliency, designed specifically to secure card payment systems. The ‘next generation’ HSM for payment security systems is a high-performance tamper-resistant security platform that protects cryptographic keys and other sensitive information such as customer PINs and cardholder data.
The Smart Payment Association (SPA) has released the results of its
“2007 Global Payment Cards Market Survey,” highlighting a continued
growth in the smart card market, a surge in contactless adoption and
advanced technology for increased security. Over 420 million payment
smart cards were delivered by SPA members throughout 2007 for a 24% y/y
growth, dual interface and pure contactless solutions posted a 64%
growth year on year and Dynamic Data Authentication (DDA) technology is
growing twice as fast as SDA technology. These survey results reflect
movement towards more secure DDA EMV cards while SPA members include
Gemalto, Giesecke & Devrient, Oberthur Technologies and Sagem Orga.
The Smart Payment Association has announced its “2007 Global Payment Cards Market Survey” results. These results show over 420 million payment smart cards were delivered by SPA members throughout the year, a 24% growth since 2006, dual interface and pure contactless demonstrated a 64% growth, the Americas had the fastest growth with 45% since 2006 while Dynamic Data Authentication is growing twice as fast as SDA technology. The Smart Payment Association members include Gemalto, Giesecke & Devrient, Oberthur Technologies and Sagem Orga with a primary objective to accelerate the transition from traditional, magnetic stripe cards to chip based cards by ensuring optimal interoperability between all system components, through representation on standardization committees and establishing joint industry specifications.
Cryptomathic Security Solutions Provider has joined the MULTOS
Business/Systems consortium, the first Public Key Infrastructure to do
so. Cryptomathic will contribute marketing and technical expertise to
the consortium’s “MAOSCO Business Advisory Group” and will lend
input to forum meetings, affording the MULTOS organization additional
specialists’ knowledge regarding encryption standards to its
Furthermore, with this contribution, Cryptomathic’s input will support
MULTOS products such as “CardInk”, “Key Management System” and
“Certification Authority”. The organization’s security solutions are
across many industry sectors, helping companies build security, while
MULTOS smart card platform has issued over 100 million smart cards in
32 countries and is composed of 19 different manufacturers.
In response to an alleged identity theft in which Alain Job was
scammed out of GBP2100, the Halifax Bank customer is seeking financial
reparations according to the Finextra.com financial news website. When
Job changed the bank-provided PIN to one that only she was familiar, Alain
maintains only she had possession of her bankcard as well. Halifax, however,
claims that whomever accessed the customer’s account must have had access
to both pieces of information. If Job proves the case, doubt will be
the efficiency of chip and PIN solutions which are designed to eliminate
fraudulent skimming scams. Experts speculate because cloned cards are more
easily produced where chip and PIN has not yet been implemented, the
fraud may have been committed abroad.
Shangdong Airlines has joined the UATP Merchant Network, allowing
for the acceptance of all UATP cards. This development is in response
to client demand to use UATP as a payment method and Shangdong subsequently sees this agreement as a business strategy to grow market
share. The airline provides domestic and international flights,
cargo services, hotel services and operates more than 200 routes
throughout the world while UATP accounts are accepted as a form of
payment for corporate business travel by airlines and travel agencies