InfoTouch Promotes VP From Within

Douglas MacIver has been promoted VP, Sales and Marketing with InfoTouch touch screen developer for Retail POS Software (POS). InfoTouch Corporation developed the first-to-market Retail Touch Screen POS Software in 1986, and has implemented and serviced thousands of Touch Screen Retail POS businesses over its 25 history. Based on proprietary market research, InfoTouch believes this decade is the start of the POS paradigm shift for retailers, similar to the shift experienced in hospitality POS over the last two decades.

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Cypherbridge Systems announces Design Kit

Cypherbridge Systems has made availabile its “AK200” Design Kit. Offering a turnkey solution for the payment transaction market for POS Terminals, the “AK200” standards based approach eliminates proprietary proxy servers, hosting and expense, resulting in a lower system capital and maintenance cost. It is also adaptable to just about anything that needs a Point-of-Sale (POS) solution using TCP 802.11 or cellular wireless WAN, including power managed battery operated systems. A range of transaction models can be used including standard swipe, P2PE encryption, or hosted payments depending on business model.

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Tokenization Summit to Address Financial Services Success

Liaison Technologies VP, Product Management is set to illustrate benefits of data tokenization for financial services companies. This includes risk reduction and compliance with PCI DSS and data privacy laws at the 2011 FS-ISAC, BITS Annual Summit. Liaison will present several use cases illustrating how tokenization is being used by financial services companies to protect data at rest in databases, files and applications. For those not yet familiar with tokenization, the presentation will also include an introduction to the technology. It will touch on how financial services companies have implemented tokenization to protect both payment card numbers (PCI) and Personally Identifiable Information (PII) through real-life use cases.

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TSYS Expands Share Repurchase Plan

The TSYS Board of Directors has approved increasing the number of shares that may be repurchased under its current share repurchase plan from up to 10 million shares to up to 15 million shares. With the increase, TSYS has 9.9 million shares available to be repurchased. In addition, the Board of Directors extended the expiration date of the plan to April 30, 2013. The shares may be repurchased from time to time over the next two years at prices considered attractive to management. Repurchased shares will be used for general corporate purposes.

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Entrust Introduces Strong Authentication For Mobile Apps

Entrust has kicked off its “IdentityGuard Mobile Software Development Kit” (SDK) for popular mobile platforms. The security toolkit is compatible with Apple, Google Android, RIM BlackBerry and Java and helps banks embed authentication technology into its new or existing mobile-banking application. The “SDK” also will assist financial institutions with deploying stronger authentication for online customer security, a requirement expected to be at the center of upcoming guidance from regulatory agencies of the Federal Financial Institutions Examination Council (FFIEC). Advances in criminal technology demands stronger guidelines to help stop advanced attacks that target the identities and transactions of consumers and business-banking customers.

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T-Gate Partners With ID TECH

ID TECH’s “SL Secure Line” products has teamed with T-Gate’s “SecureLINK” to offer merchants a complete Point-to-Point Encryption solution for processing transactions independent of any processor. ID TECH’s “SL Secure Line” products deliver reading performance while encrypting sensitive data that complies with PCI-DSS requirements. The “SL Secure Line” products support industry proven Triple DES (TDES) encryption and uses Derived Unique Key Per Transaction (DUKPT) key management. Data encryption technology is available on IDTECH’s wide range of point-of-sale financial transaction products including their growing line of mobile readers.

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Everlink Certifies Hypercom Payment Software

Everlink Payment Services integrated payment solutions has Class A certified Hypercom’s high security SPOS32 payment software application V3.3 which supports both MSR1/EMV transactions and Everlink’s MFC2 POS Specification on the Optimum T4200 countertop and M4200 mobile product family. With this certification, local Everlink distributors can now order Hypercom systems, considerably increasing the number of Canadian Independent Sales Organizations (ISOs) that can purchase Hypercom’s products.Hypercom’s high security, PCI approved and Interac-certified Optimum fixed countertop and mobile payment terminals in Canada include the Optimum T4210 (dial), T4220 (Ethernet with dial), T4230 (GPRS with dial) countertop and M4230 GPRS and M4240 Bluetooth mobile card payment terminals.

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FICO and Equifax Extend Distribution Agreement

FICO analytics and decision management technology has extended a multi-year agreement with Equifax Canada to distribute its “BEACON” Score to lenders and other businesses. This commit the two firms to release an updated version of “BEACON” and to develop other innovative analytic solutions for the Canadian credit market.The newest version of BEACON(R) is expected to become available in the Canadian market later this year and will incorporate many of the latest FICO analytic advances.

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Oberthur Expands to Hungary With Prepaid city cards

Oberthur secure technologies, has reinforced its link with OTP Bank, the largest financial institution in Hungary, to provide contactless payment city cards to the citizen of Pecs. The citizen card is an international banking card usable not only for payment but also for other transactions. It is accepted by the 150 million merchants in the Maestro ecosystem. The card is issued in a prepaid format and can easily be refilled through the Internet or with cash in an OTP Bank branch.

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Vindicia Launches New Billing Solution

Vindicia has upgraded its offering with invoicing and billing to support digital merchants in the enterprise software, Software as a Service (SaaS) and B2B markets with its “CashBox” billing solution. Optimizing customer retention and acquisition generating US$50 million in annual incremental revenue for its customers, digital merchants using CashBox to optimise “pre-pay” models, where customers pay in advance of using a service. CashBox supports merchants of all sizes while its new version lets them present an aggregated, itemised invoice to customers and enable its payment. This includes the ability to bill customers for multiple services simultaneously, and to collect for those services in a single payment.

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Epson series POS printer passes 5.5 million units sold worldwide

Epson’s “TM-T88” single-station thermal POS printer has passed the milestone of more than 5.5 million units sold. Ideally suited for restaurant, banking and retail technology printing applications, the “TM-T88-series” POS printer has been an industry benchmark product for nearly 14 years. The POS printer is the number one receipt printer sold worldwide, giving Epson the largest market share of more than 50%1 of the thermal POS printer segment. It also saves electricity and holds the ENERGY STAR2 comliance and boasts the best grey level graphical printing of any thermal printer.

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ChinaSoft Forges New Credit Card System Development

ChinaSoft International announced the signing of a credit card system development and managed service contract with China Everbright Bank, for further establishing ChinaSoft’s leading position in the high end credit card service market. Meanwhile, ChinaSoft’s new generation self owned intellectual property credit card system TOPCard has successfully gone into operation for Shanghai Bank with zero error rates, showing the TOPCard product is highly advanced with complete function and outstanding performance. The credit card system of China Everbright Bank is based on the world known high end product, VisionPLUS, operating on IBM’s mainframes. VisionPLUS strictly requires a highly skilled technology and operational service team, which is recognized as the peak of credit card IT service in the industry.

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