SafetyPay safe Internet payment solution is set to showcase its proprietary product at FinovateSpring 2010 on May 11th in San Francisco. As one of the 36 companies selected among many applicants, SafetyPay will present to more than 400 executives, entrepreneurs and industry experts during this unique and powerful platform. SafetyPay provides an alternative method of payment for online shoppers and specifically targets three core untapped eCommerce markets: shoppers who are afraid to purchase online due to identity theft or fraud, international shoppers who cannot purchase because their credit cards are not accepted, and online banking customers without credit cards who have the financial means to shop online.Details
The Bureau of Labor Statistics reported that on a seasonally adjusted basis, the Consumer Price Index for All Urban
Consumers (CPI-U) was unchanged in February, the U.S. Bureau of Labor
Statistics reported today. Over the last 12 months, the index increased
2.1% before seasonal adjustment. The unchanged all items index was the result of a decline in the energy
index being offset by slight increases in the indexes for food and for
all items less food and energy. The food index rose 0.1% in February after increasing 0.2%
in January. The indexes for food away from home and food at home both
rose 0.1%. Over the last 12 months,
the food index declined 0.2%, with the index for food away from
home rising 1.4% but the food at home index falling 1.5%.
After rising 2.8% in January, the energy index declined 0.5% in February, the first decrease since April 2009. The decline
was the result of a decrease in the gasoline index, which fell 1.4%.
The 12-month increase in the index for all items less food and energy now stands at 1.3%, the lowest since
The number of ATMs in China reached 208,000 by the end of 2009, having increased by a record 42,000 units. These figures, compared to last year’s 36,000 ATM unit increase, were seen despite the massive slowdown in economic growth throughout the year. This, according to UK-based Retail Banking Research (RBR), makes China the world’s second largest ATM market, having overtaken Japan but still behind the USA. Japan and the USA have been the two largest ATM markets since 1972, thirteen years prior to China even installing its first ATM. Additionally, the density of ATMs to population and branches remains relatively low in China, leaving plenty of scope for yet further growth. Meanwhile, the “co-operative [ATM] deployment model” has grown to account for nearly 10% of the ATMs in the country.Details
Modest growth for data management technology projects is being projected for 2010. Though the credit crisis led to a decrease in data management technology and operations projects in 2009, the market is poised for growth. This is proven with capital markets firms recruiting technical staff with knowledge of data operations and vendor offerings, and industry efforts to improve operations and governance are progressing. This, according to Aite Research, also shows the main hurdle is convincing a cost-weary executive suite that these projects can truly deliver the business value suggested.Details
Gemalto has partnered with Texas Instruments Incorporated (TI) to enable Gemalto Mobile Financial Services on TI’s “OMAP” platform and “M-Shield” security technology for mobile devices. Gemalto’s Mobile Financial Services runs on TI’s OMAP platform trusted execution environment, which includes Trusted Logic’s Trusted Foundations(TM). This secure environment provides protection for financial based applications stored and used on leading smartphones built with the TI OMAP processor equipped with M-Shield(TM) security technology. Applications can be secured with strong two-factor authentication – verifying the user and the phone – which requires the user to enter securely a personal identification number (PIN) prior to gaining access to financial services applications.Details
TX-based Cardtronics non-bank ATM operator has proposed a secondary offering of 6 million shares of already outstanding common stock byCapStreet II, L.P., CapStreet Parallel II, L.P., and investment funds affiliated with TA Associates. The selling stockholders intend to grant the underwriters an option to purchase up to an additional 900,000 shares of common stock to cover over-allotments, if any. Cardtronics will not receive any of the proceeds from the secondary offering of shares of its common stock by the selling stockholders. The offering is being made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC). A prospectus supplement and accompanying prospectus describing the terms of the offering have been filed with the SEC and are available on its website at http://www.sec.gov.Details
RF IDeas has introduced its portable Card Analyzers for virtually all proximity and contactless smart cards. RF IDeas will demonstrate its “pcProx 125 kHz”
Card Analyzer as well as the “AIR ID 13.56 MHz” Card Analyzer at the ISC West show, March 24-26 in Las Vegas at its booth. The Card Analyzers are compatible
with nearly all computer OS and simply send the results as keystrokes to a text editor such as Microsoftâs Notepad.EXE. The Card Analyzers will be color
coded in translucent red and blue housings to distinguish them from each other as well as from RF IDeas standard card readers. The Analyzers will be sold as
a paired kit with full instructions and free technical support.IL based RF IDeas designs, develops, and manufactures card readers that support nearly every
proximity, contactless smart card and magnetic stripe card technology worldwide.
Telecom provide PAETEC has introduced its managed network “Intrusion
Detection and Prevention System.” “IDPS” utilizes deep-packet inspection
through a combination of a signature-based Intrusion Prevention Sensor
(IPS) and a centrally
monitored Intrusion Detection System (IDS). By combining the monitoring
and detecting components of IDS with the reactive, zero-hour components
of IPS, PAETECâs new offering represents one of the most robust
intrusion protection services available. If a potentially negative event
is detected, the intrusion prevention sensor and the event correlation
engine determine the threat level of the event and act accordingly
within a 99.9999% SLA guarding against false positives.
Furthermore, since IDPS resides within PAETECâs MPLS network, there is
no need for on-site equipment installation or upgrades and the product
protects all sites on the network. PAETEC offers a comprehensive suite
of IP, voice, data, and Internet services, as well as enterprise
communicationsmanagement software, network security solutions, CPE, and
Gemalto has expanded the activities of its Swedish personalization center to
include payment cards. It is expanding into the personalization of payment cards to locally
serve financial institutions, and also to deliver innovative e-banking
and e-ID applications with the same card. From this facility, Gemalto
provides extended services that aim at providing Swedish banks with a
VIP treatment such as picture card validation and printing, urgent
change-requests handling and new product introduction management.
The facility will be able to deliver new
value-added personalization services to financial institutions, in
Sweden and neighboring countries. The company also provides Internet-based production monitoring to its
customers. This value-added service consists of a highly secure web
interface that enables banks to monitor their card personalization process.
It provides full card traceability and real-time interaction with the
Gemalto personalization center to increase efficiency and responsiveness
in managing urgent customer requests. For example, banks are offered the
possibility to track a particular card or batch and get real-time
information regarding production status.
Citigroup credit cardholders can now select Citi’s “EazyPay” installment service when they purchase goods from BeliBarang.com, one of Indonesia’s leading online stores.
EazyPay for BeliBarang.com is the first in the market to offer the installment payment option for Citi credit cardholders. Citi is a leading global financial services company with approximately 200 million customer accounts and does business in more than 140 countries.
GuestLogix has launched OnTouch Concierge Everywhere. Passengers who register using an airline’s website, an airport kiosk, the in-flight entertainment system or the cabin crew’s point-of-sale (POS) handhelds from GuestLogix, will receive valuable destination-focused information and services, targeted by travel dates, to make the most of their trip, including their return home. The service is provisioned by SMS or web access using a mobile phone and in the future via concierge desks at popular hotels and airports.
OnTouch Concierge Everywhere works like a “hotel concierge on steroids”. It’s a simple and easy way to unique local information and the help needed to enjoy a trip to the fullest based on individual preferences. Travelers provide their mobile phone number to receive date-specific local information; airline communications and offers; recommended restaurants, transportation service providers, bars/clubs; and special offers and targeted promotions involving coupons. Customers can book tickets for shows, call a local taxi and secure a dinner reservation at a popular restaurant — all on the move at destination.
The unique mobile service generates income for the carrier by allowing passengers to directly purchase products and services and delivering highly targeted, mobile-based advertising through text messages, e-coupons and advertising links. Through deployment with a European travel tour operator, OnTouch Concierge Everywhere featuring an essential destination guide from Mobiletrails, UK has proven to be very successful both at developing ancillary revenues and increasing guest customer satisfaction levels. Within the coming months, trials of the service powered by Travel Buddy(TM) technology from Mobiletrails will begin with a number of U.S. airlines. The destination guide is supported by Mobiletrails’ researchers who continuously review and update local listings and recommendations. GuestLogix will be adding more functionality through partnerships to rapidly expand its concierge offering to include personal itinerary management, city navigation, travel reservations, and more.
PayPalX, Sun Microsystems, Cooley Godward Kronish, VentureBeat, OStatic,
Cloudbook, TechZulu, SemnaticSeed, and SSVNetwork are sponsoring a
special 1/2 day conference on Friday March 19 at the Sun Microsystems Campus in Menlo Park, CA., focused on
bringing together industry leaders to discuss
new approaches to obtaining funding for developers of applications.
Peer financing for developers has over fifteen speakers who will give a
roadmap of how to find the first $25,000 in financing; analyze available
alternatives to traditional funding and examine the future of peer
financing. Entrepreneurs, startups, developers, attorneys, investment professionals
and bankers will hear how funding is being revolutionized by new
technologies and new ideas.