Solveras Payment Solutions electronic payment services has partnered with Trustwave to implement a Level 4 compliance program to help its merchants achieve and maintain with PCI DSS compliance. Level 4 merchants are defined as those that process fewer than 20,000 e-commerce transactions and/or fewer than 1 million single card transactions per year. Solverasâ commitment to assisting with PCI DSS compliance obligations, its merchants will have access to Trustwaveâs “TrustKeeper 3.0” for compliance easy and efficient validation for all Solveras merchants. Using the dynamic PCI Wizard, merchants work through a personalized, guided interview that reduces the complex terminology of the PCI assessment into understandable terms, and uses given answers to complete the process on the merchantâs behalf. Also included is Trustwaveâs “TrustKeeper Agent,” which is downloaded and installed on the POS system to provide merchants with tools that help ensure the PCI DSS process protects and maintains a secure environment.Details
William Rossiter has been appointed VP, Marketing with Hypercom Corporation. In this capacity, Rossiter will oversee the deployment of the Companyâs mobile payment technology. This is part of Hypercom’s efforts to ramp up strategic positioning in mobile payments and strengthen its competitive angle. Rossiter brings to Hypercom nearly a decade of marketing, sales, business development expertise in electronic transactions, mobile payments and consumer electronics. He served for six years with Oberthur Card Systems as VP, Wireless Sales & Marketing; Director, Wireless Business Development; National Accounts Manager, and Financial Analyst. He was most recently serving Bassett & Partners and has worked with globally-respected high-tech companies such as Microsoft and Dell, AT&T, T-Mobile, Telcel and Telefonica. Rossiter holds a masterâs in Business Administration from the Stanford Graduate School of Business, and a bachelorâs in English and Economics from Santa Clara University.Details
Overdrafts for debit cards and ATMs are projected to shrink
financial institutionsâ revenue by $1.95 billion in 2010.
Overall, banks and credit unions should earn about $35.2
billion in 2010, down from $37.1 billion in 2009. This,
according to IL-based Moebs $ervices economic research firm, also
shows through the first three quarters of 2009 overdraft revenue was
accelerating on an annualized basis to $39.1 billion over $35.4 billion
in 2008, or at a pace over 13%. An estimated $38.5 billion in overdraft
revenue was in US depositories. Through the first three quarters of
2009 overdraft revenue was accelerating on an annualized basis to $39.1
billion over $35.4 billion in 2008, or at a pace over 13%% and about
$2.0 billion of new revenue was lost in the fourth quarter.
Gemalto digital security is joining the “Open Handset Alliance” (OHA).
Representing a partnership of more than 60 global mobile industry
leaders that developed the Android complete, open, and free mobile
platform, OHA will be working closely with Gemalto to develop
initiatives. Gemalto will be an active member of the OHA, joining forces
with technology and mobile companies currently engaged with this
industry effort to drive the future of the mobile industry. Bringing
with it its expertise in security, in secure elements, development and
in the associated applications to the project, Gemalto will be
contributing to the joint production of technology to further the open
mobile OS initiative. This combined effort of industry leaders will
provide operators a unique set of tools to customize and bring new
services and applications for Android devices making the user experience
more secure and enjoyable. Gemalto had 2009 annual revenues of EUR1.65
billion, and over 10,000 employees operating out of 75 offices, with
research and service centers in 41 countries.
IT solution provider NEC Corporation of America is set to showcase its
innovative mobile backhaul
solution, and complementary digital microwave radios along with
optical/IP transport technologies. NEC offers a mobile backhaul
solution, also known as its “Intelligent Converged Platformâ to support
operators as they refine their migration path to 4G; incorporating
enhanced IP-related features and functionalities, such as Operations,
Administration, and Maintenance, and class-of-service definitions to
ensure service level agreements (SLAs). With a flexible, scalable radio
backbone, NECâs mobile backhaul solution
enables extensive support for resilient topologies and backward
compatibility, enabling operators to minimize risk and lower CAPEX and
OPEX due to its ability to leverage existing hardware, and reduce
maintenanceâall without compromising the reliability of connections
between base stations and high capacity core switches. This advanced
offering empowers operators to cost-effectively expand its bandwidth
capacity, diversify service offerings, and enhance its revenue potential.
Online payment provider paysafecard has selected Entrust’s “IdentityGuard” versatile authentication platform to secure their mobile workforce. paysafecard relies on Entrust IdentityGuard and three types of strong authentication that includes one-time-password (OTP) tokens, credit card-sized OTP display tokens and SMS soft tokens, to properly authenticate remote access users via VPN. “IdentityGuard’s” SMS soft tokens may be sent directly to a paysafecard employee’s mobile phone. The platform automatically issues a configurable number of OTPs, which can be used as a second factor of authentication. The passcodes expire after a configurable period of time, making them ideal and ultimately secure via SMS. Entrust IdentityGuard enables organizations to layer security — according to access requirements or the risk of a given transaction — across diverse users and applications. The platform’s authentication options include strong username and password, IP-geolocation, device profiling, questions and answers, digital certificates, out-of-band one-time passcode (delivered via voice, SMS or e-mail), grid and eGrid cards, SMS soft tokens, and a range of one-time-passcode tokens. Entrust IdentityGuard also provides multiple methods of supporting mutual authentication, including picture and caption replay.Details
PA-based Public Savings Bank has more than doubled its workforce over the past
year to keep up with growing customer demands for its Secured Credit
Card as well as its business banking products.
The expansion has been entirely funded by the growing revenues from
Public Savings’ consumer and business banking products. The company has
not relied on TARP (Troubled Asset Release Fund) or other government
assistance. Newly created jobs have included Customer Service positions, IT support,
Web Marketing, Banking, and Accounting. Public Savings has focused on
hiring multi-lingual staff to service diverse customer needs.
Moody’s Investors Service has assigned a
definitive rating of Aaa to the Applause 2010-1 Beneficial Interests
backed by credit card receivables valued at JPY 6.0 billion. The rating addresses the expected loss posed to investors by the legal
final maturity date. The structure allows for timely payments of
dividends (in scheduled amounts, on scheduled payment dates), and
ultimate payment of principal by the legal final maturity date.
The Seller entrusted a pool of eligible credit card receivables and cash
to the Asset Trustee, which then issued the Series 2010-1 Beneficial
Interests (Senior Beneficial Interests), a Subordinated Beneficial
Interest, a Seller’s Beneficial Interest and a Reserve Beneficial
Interest. Entrustment of the receivables was perfected against third parties under
the Perfection Law (the Law Prescribing Exceptions, Etc. to the Civil
Code Requirement for Setting Up Against a Third Party to an Assignment of
Claims and Chattels [Law No. 104, 1998]). Unless a specific event occurs,
perfection against the obligors will not be made. While the seller holds the Subordinated Beneficial Interest, Seller’s
Beneficial Interest and Reserve Beneficial Interest, the Series 2010-1
Beneficial Interests was transferred to Investors.
First Bank has selected Fiserv financial services’ “Corillian Online,” “CheckFree RXP” and “Mobile Money” to enable online and mobile banking services. As part of its initiative to increase adoption of its online banking services and improve the user experience for existing customers, First Bank will offer new personal financial management tools and enhanced bill pay options through Corillian Online and CheckFree RXP. Corillian Online with the Signature(TM) bank platform already used by First Bank will provide customers with seamless access to information across all their accounts. Through CheckFree RXP, First Bank customers will be able to receive electronic bills from any of the nearly 400 billing companies in the CheckFree network, and will be able to pay any business or individual. Mobile Money from Fiserv will complement Corillian Online and CheckFree RXP, allowing the bank to easily reach their customers in the mobile channel.Details
Unattended POS provider USA Technologies has selected Telit Wireless Solutions’
“GC864-QUAD” module to enable cellular communication in the
companyâs ePort EDGE Cashless Payment System.
The USA Technologies ePort EDGE device enables unattended POS terminals
such as vending machines, washers and dryers and self-service car wash
stations to accept credit, debit and other forms of cashless payment.
The ePort also gives operators the ability to remotely monitor and
manage machine performance for maximum efficiency while offering
consumers greater convenience. The “Telit GC864-QUAD” is an integrated
TCP/IP protocol stack and serial multiplexer functionality, which offers
dual channels of communication and enables the ePort EDGE to perform
various tasks simultaneously, including transaction processing, data
downloads, system maintenance and firmware-over-the-air (FOTA) updates.
Because the integrated SIM connector is part of the Telit module, it
takes up less circuit board space, enabling a compact and economical
design that is easy to install.
Secure ID card provider Datacard Group has announced the launch of the “Datacard SR200” and “SR300”
retransfer card printers designed for
full-color, over-the-edge printing in single- or dual-sided
applications that can be configured with an
optional laminator. The SR200 printer is ideal for single-sided applications. The SR300
printer offers dual-sided printing and also encodes smart card chips and
magnetic stripes. The optional laminator can apply DatacardÂ® topcoats or
DatacardÂ® DuraGardÂ® laminates to help extend card life and strengthen
card security. Both printers protect cards and ribbons with electronic
locks, and a security erase feature blocks out black text on used
ribbons to obscure cardholder data. Both printers process cards in landscape orientation to minimize
unwanted dye transfer. They also reproduce a wider color gamut than
competitive offerings, which improves image gradation, tonal
reproduction and image contrast.
Open Solutions integrated data processing for financial institutions has selected Fifth Third Processing Solutions as its EFT Preferred Partner. Open Solutions will promote Fifth Third Processing Solutionsâ services to its financial institution clients utilizing the companyâs relational core processing platforms. The relationship between Open Solutions and Fifth Third Processing Solutions affords numerous benefits to clients of both organizations. Financial institution clients may realize streamlined billing with a combined single invoice that includes both their core and EFT services. Processing partners of both companies are able to take advantage of preferred pricing. Fifth Third Processing Solutionsâ product suite includes ATM terminal driving and monitoring, ATM and debit card transaction authorization and processing, national and regional gateway services, comprehensive ancillary services including fraud detection, card production, “Rewards!” product and other consultative services.Details