New Net Technologies Partners PCI Security Standards Council

NNT PCI DSS and general security and compliance solutions has joined the PCI Security Standards Council as a new Participating Organization. NNT will work with the Council to achieve and improve payment data security worldwide through the ongoing development of the PCI Security Standards, including the Payment Card Industry Data Security Standard (PCI DSS). As a Participating Organization, NNT adds its voice to the standards setting process and will receive previews of drafts of standards and supporting materials in order to provide feedback to shape their final versions, as well as engage a growing community of more than 600 organizations united to improve payment security.

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Tyfone to License NFC and Secure Element Card for AboMem

Tyfone inked agreements with AboMem Technology memory products manufacturing to manufacture, distribute and service Tyfone’s “SideTap” micro NFC products. This partnership also includes a widespread distribution of “SideTap” micro cards to consumers throughout The People’s Republic of China via AboMem’s extensive distribution network. Tyfone’s “SideTap” microSD product can be added to mobile devices for enabling secure element functionality with NFC connectivity and is part of the “u4ia” platform that provides end-to-end mobile financial services solutions from informational services and commerce to secure identity and contactless payments via NFC.

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Ukash headline sponsor for Prepaid Awards 2011

Ukash achieved its first year of profitability in 2011, a remarkable 80% year-on-year business growth as a result of its continued global expansion, and was awarded the prestigious Queen’s Award for Enterprise. Ukash now processes over £500million of safe online transfers worldwide every year. However, perhaps the greatest accolade is that 93% of Ukash customers in surveyed would recommend Ukash; 83% already have. The Sunday Times Microsoft Tech Track 100 league table ranks Britain’s 100 private tech (TMT) companies with the fastest-growing sales over the latest three years.

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Visa Europe launches Matrix card

Visa Europe payment system is set to introduce its “CodeSure Matrix Display” card addition to its CodeSure card range. The “Matrix Display” card adds a fully customizable dot matrix display that supports local languages and non-Roman character sets. The card also has a smartphone-like ‘soft touch’ keypad and a highly visible power button to help banks customize the product to local language and usability preferences. Designed to add security for consumers in Card Not Present (CNP) purchasing environments, the CodeSure range also incorporates contactless payments technology within a card that is the same size as traditional debit and credit cards.

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Visa and Google Ink Licensing Deal for mPayment Adoption

Visa, Visa Europe and Google announced Google has received a worldwide license to Visa payWave NFC-based payment technology. The agreement sets the stage for Visa-issuing banks worldwide to enable Visa account holders to add their credit, debit and prepaid accounts to Google Wallet – a mobile application that turns a smart phone into a digital wallet. This is the latest effort by Visa and Google to simplify the consumer shopping experience by enabling them to make mobile payments using their mobile phones. Google Wallet is designed to enable an open commerce ecosystem enabling consumers to carry payment cards, offers, loyalty and gift cards.

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AUGUST CONSUMER BANKRUPTCY FILINGS DOWN 11% Y/Y, COFS 35% LOWER Y/Y

Credit card chargeoffs and bankruptcies will always be synonymous, and August 2011 was no exception. August consumer bankruptcies fell 11% from the year ago period with an overall consumer filing total having dropped to 113,432, from the August 2010 figure of 127,028 consumer filings. This correlates positively with credit card defaults ticking up eight bps…

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NCR Launches m-Banking Platform, Facilitates Growing Adoption

NCR Corporation launched its “APTRA Mobile Banking 3.0” platform, allowing banks to offer their customers banking services via downloadable apps, mobile browser or SMS. The solution provides all the features consumers need to manage their money on the move and enables banks to scale and integrate mobile with other online, kiosk, ATM and teller banking channels, helping to drive adoption of mobile banking and deliver new services across integrated channels. This is in response to mobile banking usage having increased 100% since 2010, which 400 million global consumers are expected to use by 2014. NCR’s new mobile banking platform builds on NCR’s existing mobile banking experience and travel mobile services leadership, through its acquisition of Mobiqa, to provide support for more than 10,000 mobile devices, more than 600 wireless providers, and in more than 200 countries. The solution gives financial institutions a simple and fast way to set up a range of mobile banking services, such as account balances checks, transaction history, money transfer between accounts, bills payment, and branches and ATM location.

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Fiserv Offers Personalized EMV Cards

Fiserv financial services technology will begin personalizing chip payment cards based on the Europay MasterCard Visa (EMV) standard, which features a micro-processing chip that stores cardholder data securely. The adoption of dual-interface chip technology also helps prepare the U.S. payment infrastructure for the arrival of NFC mobile payments by building the necessary infrastructure to accept and process chip transactions that support either a signature or PIN at the point of sale.

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Heartland Payment Named to InformationWeek 500

Heartland Payment Systems payments processor earned recognition as a top technology innovator by InformationWeek on the “InformationWeek 500 List.” Heartland was recognized for its “E3” end-to-end encryption technology, designed to protect merchants without charging extra fees or requiring a large equipment investment. E3 safeguards sensitive credit and debit card data from the moment of card swipe or key entry. With EMV/chip card technology and near field communication (NFC) capabilities, Heartland’s E3 is helping merchants prepare for Visa’s Technology Innovation Program that will go into effect on October 1, 2012.

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Clear2Pay and Systar team to Launch BAM

On the opening day of Sibos 2011, Clear2Pay, the international technology provider of next generation payment solutions for financial institutions and Systar (Euronext Paris ISIN: FR0000052854-SAR), the leading Business Activity Monitoring (BAM) solution provider, announce the first in a series of BAM solutions for Clear2Pay customers. Systar’s industry-leading BAM payment product will be integrated by Clear2Pay into its Open Payment Framework (OPF) environment, enabling Clear2Pay customers to gain the real-time performance insight required to pro-actively mitigate operational risk. The BAM solution will allow customers to increase the level of STP across payment silos in a proactive manner by identifying and addressing issues such as cut-off risk, consistency risk, performance issues and unexpected activity prior to impacting the payments cut-off.

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Braintree’s Daily Volume Surpasses $8 Million

Braintree online payments provider now is processing more than $8 million in online credit card payments daily, which is 268% of the same quarter of last year and is on track to process more than $3 billion in 2011. Part of this growth comes from overseas, where Braintree has aggressively been expanding its footprint in Europe, Australia, Asia Pacific and the Middle East. Braintree reports that international transactions now make up 15 percent of the company’s processing volume. Braintree is adding new merchants at a pace of 100 per month. The company expects to double its team during the next year to keep up with demand.

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Ground Labs to Showcase Cardholder Data Discovery

A large gathering of global stakeholders in the payment card industry will be attending the fifth annual PCI Security Standards Council (SSC) Community Meeting in North America. Ground Labs security and auditing software solutions for the payment card industry, will be a sponsor of this year’s event in Scottsdale, Arizona and participate in the Vendor Showcase. The PCI SSC Community Meetings provide an opportunity for industry stakeholders to learn from each other’s experience working with the PCI Data Security Standard (PCI DSS). Participants also have opportunities to raise new ideas for future versions of the Standards and learn about best practices for protecting cardholder data as they interact with solution vendors and other service providers in the industry.

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