Ground Labs to Present on Cardholder Data Discovery Innovation

Ground Labs is set to present insights on it’s unique cardholder data discovery technology at an Information Systems Security Association (ISSA) event in London. ISSA’s annual themed Security Day is titled “Security Innovations” and will be held on Thursday, July 14 aboard the HMS President on the River Thames in London. ISSA-UK members and non-members are invited to attend the event, where they will learn about innovative security solutions in the market. The presentation will provide some detailed technical insights into Ground Labs’ approach to cardholder data discovery and explain many of the shortcomings encountered when attempting to use traditional methods for this critical task.

Details

Papa John’s to deploy Andromeda POS for International Expanse

Papa John’s Pizza is set to deploy Andromeda POS software, Enterprise Reporting solutions and support across Europe, Middle East and Asia. This after having implemented the software in the UK and Ireland since 2005 and in Russia and Morocco since 2010. Andromeda was founded in 1999 to obtain customers on 4 Continents and 11 countries for Integrated Online Ordering, SMS dispatch notification, GPS driver tracking and Realtime store performance tools.

Details

Canadian Retail Solutions to Implement XSilva POS

Canadian Retail Solutions (CRS) added XSilva’s “LightSpeed” Mac POS Software to its suite of retail software solutions. LightSpeed is revolutionizing the world of POS Software by harnessing the power of Mac systems and combining that capability with powerful, comprehensive, and user friendly retail software. LightSpeed POS provides retailers quick transaction processing, purchasing, inventory management, multi-store functionality and web store integration, along with the “LightSpeed Mobile” platform to diminish wait times. Canadian Retail Solutions (CRS) POS Systems and cutting edge technology for the Canadian retail industry and is dedicated to helping retailers use technology to increase their bottom line.

Details

EFT Canada to Acquire Credit Card Gateway

EFT Canada entered into a Letter of Intent to acquire the technology assets of Linterna Technologies for a total purchase price of $650,000. The acquisition is expected to close on August 19th, 2011 and is subject to certain customary conditions, as well as the completion and signing of a definitive agreement and approval by the TSX Venture Exchange. LTL operates mainly as an electronic transaction processing consulting firm specializing in operational processes, banking relationships and fraud related controls. The java based software provides its users a web-based point of sale interface that merchants can utilize to accept server to server credit card transactions and the ability for a variety of mobile e-wallet options. In addition, the technology has a built in rules based fraud detection system that is integrated with a number of third-party services that will allow EFT Canada to expand its product offering beyond just financial transactions. LTL will be paid by EFT Canada $0.05 per credit card transaction processed for a period of three years following the closing date. Such payments shall not to exceed an aggregate of $330,000.

Details

Apriva & Open Solutions Launch EMV Offering

Apriva end-to-end wireless transaction and secure information solutions forged its strategic initiative with Open Solutions to deploy EMV-compliant contactless debit and credit card acceptance technology for vending machines and unattended devices. Open Solutions is a Direct Connector member of the Interac Association, a national payment network that allows Canadians to access their money through ATMs and point-of-sale terminals across Canada. Introduced in 2010, Apriva “Vend” is an end-to-end cashless vending solution that enables operators to accept card-based payments at vending machines.

Details

Phaedrus Inks Cypherbridge Distribution Agreements

Cypherbridge Systems appointed Phaedrus Systems safety-critical and high-integrity tools and services its UK distributor. With this, Phaedrus will be distributing Cypherbridge products, such as “uSSL Software Stack,” a portable ANSI C software stack implementing standards based SSL, PKI, crypto, hashing, and network protocols; “uLoad” Boot Loader and Installer, a portable ANSI C secure boot loader, image installer and key management; “uSSH Embedded SSH Server,” a portable ANSI C SSH server for interactive shell and tunnelled TCP/IP security layer; and “uCard ISO-7816” card services middleware and drivers for contact and NFC contactless applications, POS terminals and payment applications.

Details

Eckoh Processes GBP3.2mm transactions in first 3 months

Eckoh, the UK’s leading provider of customer service solutions using speech recognition, is pleased to announce that the EckohPAY solution for RCI Financial Services, which was announced on 1 November 2010, has already processed transactions worth GBP3.2 million since its launch in April 2011. RCI Financial Services (RCI), the specialist motor company provides finance solutions to Renault and Nissan customers of new and used cars and light commercial vehicles and provides funding to the Renault and Nissan dealer networks. RCI prides itself in offering top quality services that its customers have come to expect. Eckoh proposed its real-time PCI DSS compliant payment solution, EckohPAY combined with EckohID, an automated solution that captures and validates a caller’s details, to securely authenticate the caller.

Details

Unemployment Rate Still Showing No Fluctuation at 9%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The unemployment rate was once again stagnant in June as the U.S. Bureau of Labor Statistics posted a rate of 9.2%, up slightly from 9.1% in May. This equates to 14.1 million unemployed persons and has climbed a total of 545,000 since March. Meanwhile, the number of involuntary part-time workers sat…

Details

Bankers Cautiously Optimistic about Consumer Credit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The outlook on the U.S. economy is a mixed bag, with bankers remaining optimistic about the financial health of consumers but indicating that the “credit gap” for small businesses will grow. Moreover, 38% of bankers expect credit card delinquencies to remain flat, while 31% expect them to fall and only 30%…

Details

ScanSource Quarterly Sales up 25% Y/Y

ScanSource distributor of AIDC (automatic identification and data capture), POS, communications and physical security products for the reseller market, announced sales results for its quarter ended June 30, 2011 are expected to be in the range of $724 million to $734 million, compared to $582 million for the same period one year ago. On our August 18, 2011 quarter- and fiscal year-end conference call, ScanSource executives will provide sales results by geographies and product areas, net earnings, and a forecast for the following quarter. This reflects ScanSource’s normal reporting practice whereby quarterly sales results are disclosed in a release at a practicable date soon after quarter-end.

Details

Aptys Solutions Introduces Same-Day Settlement

Aptys Solutions payments network provider for financial institutions nationwide announced that the automated clearing house (ACH) functionality within its “PayLOGICS” payment platform now allows customers the ability to manage and perform same-day settlement (SDS). With “PayLOGICS'” design, customers can take advantage of the service offered by the Federal Reserve through their SDS services and extend that benefit to respondent customers. The settlement functionality within PayLOGICS is customizable, designed out of the box to provide the built-in flexibility for operators to adapt to today’s changing payment landscape. The “PayLOGICS” solution lets adjust to the shifting demands of customers.

Details