Smart Card Alliance and the NFC Forum to Launch NFC Conference

The Smart Card Alliance and the NFC Forum will co-host an event focused on Near Field Communication (NFC) in spring 2012 called the NFC conference. Focusing on the state of the technology for NFC, NFC devices and add-ons, NFC ecosystem development, use cases for NFC-enabled applications (both payment and non-payment), NFC implementation, and North America and international markets for NFC, the date and location of the 2012 NFC conference will be announced later this year. The Smart Card Alliance is a not-for-profit, multi-industry association working to stimulate adoption, use and widespread application of smart card technology while the NFC Forum seeks to advance the use of Near Field Communication technology by developing specifications, ensuring interoperability among devices and services, and educating the market about NFC technology.

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Q2ebanking gets Texas Bankers Association endorsement

Q2ebanking (Q2) premier electronic banking solutions for community financial institutions has received endorsement for its risk and fraud analytics (RFA) solution from the Texas Bankers Association and its subsidiary. RFA monitors consumer and business transaction activities across all channels in real time and reacts proactively to detect and flag potentially fraudulent transactions. Q2 continuously updates the security solution to meet the latest threats and challenges, and regularly modifies algorithms to enhance overall platform security. The Q2Security solution also includes native out-of-band transaction authentication, multifactor authentication (MFA), real-time alerts and VeriSign® tokens to protect both consumer and commercial transactions.

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Vasco launches USB-based Authentication

Vasco Data Security International software security and authentication products launched its “Digipass Key 101” USB-based PKI solution for strong authentication, digital signatures and data protection. The “DIGIPASS KEY 101” offers secure remote access and digital signatures in a single ‘plug-and-play’ device with an extremely sturdy and portable design and can be used for various purposes such as desktop and application log-on, disk encryption, and transaction signing. It combines the strength of certificate-based authentication with the simplicity and portability of a built-in USB reader. This is part of VASCO’s PKI-based product line and is used in conjunction with DIGIPASS CertiID, a client-based software suite offering digital signing capabilities. DIGIPASS KEY 101 product benefits include enhanced security; reduced costs; and support for operating systems such as Windows, Linux and Mac OS x (without installment of dedicated drivers).

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FICO CEO to Speak on Consumer Banking Forecasting Panel at CBA LIVE 2011

FICO analytics and decision management technology announced its CEO will speak as part of a panel discussion featuring banking industry thought leaders on June 12 during CBA LIVE 2011 in Orlando. CBA LIVE 2011, taking place June 12-14 in Orlando, is an annual conference for the retail banking industry, bringing together leaders from eight banking disciplines in one event, providing attendees with learning and insight for their sector as well as broad industry perspective. The expected 850 attendees at CBA LIVE will have access to 80 hours of in-depth programming by segment, general sessions with industry leaders and luminaries and breakout sessions to share ideas in a smaller setting.

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US NFC Market Primed to Commercialize

The US market has already welcomed the Near Field Communication (NFC) technology which, according to Frost & Sullivan, will be commercialized by the end of 2012 or beginning of 2013. In Frost & Sullivan recent webinar entitled “Smart Cards in the Financial Services – From Chip Bank Cards to Mobile Payments” a Research Analyst for Smart Cards group looked into the smart card solutions dedicated for the payment industry and discussed the major trends on the market. The complimentary recording is available on request. The NFC technology is going to be commercially deployed next year or in the beginning of 2013, as market participants have successfully addressed the majority of challenges. Early adopters will benefit by gaining experience, innovative reputation, and generating new revenue streams.

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ValidSoft names RMS IT Security UK channel partner

ValidSoft fraud prevention, authentication and transaction verification solutions, has announced an agreement with RMS IT Security IT security solutions provider. RMS IT Security will be the first channel partner in the UK to provide ValidSoft’s “VALid” Four-Factor Authentication solutions set. ValidSoft is a wholly-owned subsidiary of Elephant Talk Communications, an international provider of business software to the telecommunications and financial industries. The “VALid” authentication solution addresses risk through an extensible Out-of-Band (OOB) authentication model that can not only vary the authentication strength, but can also implement additional authentication factors through the combination of its own proprietary voice biometric technology coupled with Proximity Correlation Logic (PCL).

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YESpay to unveil payment features in collaboration with ACT Canada

YESpay is set to participate at Cardware 2011 on June 14-15th and is hosting its first North American Annual partner event “Pay the New Way 2011” in collaboration with ACT Canada on June 13th at Niagara Falls. Participants will discover how they can help their customers maximize sales and revenues through current and future payment innovations, as YESpay will be hosting ACT Canada, Chase Paymentech, First Data Merchant Services, and POS vendors like Cardwatch.

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sQuid Recognized as Company of the Month

sQuidcard has been chosen as the recipient of the “Company of the Month Award” by Business and Industry Today thanks to its impressive growth and innovative, state-of-the-art cashless ePayment system that has been incredibly well received by schools, colleges, universities and campus environments across the nation. Payments are made using contactless smart cards or biometric identification, allowing a safer, smarter transaction. With the 10 millionth cashless transaction quickly approaching, sQuidcard has taken the world by storm. The sQuidcard system focuses on providing more reliable and convenient alternative to carrying cash in educational facilities and allows parents to track their child’s spending in a quick and easy manner.

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Ogone Expands payment services to Middle East

Ogone global payment services platform is launching services in the Middle East through a partnership with CashU, a leading local payment method. With this, Ogone create d a colloquial version of its payment gateway, branded CPSP (cashU Payment Service Provider) to operate in Arabic and accept local currencies and payment methods. The move means that Ogone is now able to support payments in virtually any market across the globe. This will also provide local merchants across the Middle East CPSP’s PCI-DSS compliant online payment processing system to subsequently grow their e-Commerce businesses outside their home markets with the ability to securely process payments across the world.

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Visa Europe taps Digital Realty Trust for data center

Digital Realty Trust wholesale data centers, has signed a data center agreement with Visa Europe, whereby it will provide 10,000 square feet of raised floor space. This is the second major financial services organization to sign a lease with Digital Realty Trust in recent months, indicating that the need for data centers, and investment in these critical facilities, continues to grow within the European marketplace. This project will be completed under Digital Realty Trust’s exclusive guaranteed timeframe and budget program.

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Bharti Airtel Commence m-wallet deployment

Bharti Airtel launch its “airtel money” mobile wallet service. Providing customers an efficient alternative to cash transactions, “airtel money” will give access to a convenient and secure way of making payments through the ubiquitous mobile platform. Airtel has already established partnerships with over 2,200 merchants in Delhi NCR who will accept payments via airtel money. Customers using “airtel money” will also be able to avail exclusive discounts and attractive offers at various merchant outlets in the market.

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ID Data Cards Achieves Visa Accreditation

ID Data Cards has achieved Visa card manufacturing and personalization accreditation, allowing it to expand its range of plastic cards and key fobs to include Visa EMV chip and pin card solutions and build on a record period of growth for the company. ID Data can now provide its customers with Visa-accredited magnetic strip, credit, debit, ATM and prepaid cards from its purpose-built, high-security card plant in Petersfield, Hampshire. This includes every aspect of the production and fulfilment process including design, manufacturing, personalisation and mailing. The Petersfield facility has experienced a strong start to 2011, with a sizeable pipeline of new business and recent contract wins that are expected to generate more than 10 million cards. This after ID Data extended its Card Quality Management (CQM) certification from MasterCard to include dual interface cards, subsequent to increasing demand for cards combining both contact and contactless payment.

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