CNP risk management solution provider Verifi has partnered with ThreatMetrix, a fast growing provider of fraud detection solutions, to deliver advanced fraud detection to merchants through Verifiâs payment risk management system. Through Verifiâs platform, customers will have access to ThreatMetrixâs forensic risk assessment tools and its global fraud knowledge share database. Verifiâs full service payment management system screens and reviews high risk transactions and comes with the best possible suite of proprietary and third party fraud detection and prevention tools and managed services for declines, refunds and chargebacks. The addition of ThreatMetrixâs advanced fraud tools and network to Verifiâs full service risk and fraud payment management system, analytics and reporting provides Verifi customers with the strongest defense against hackers, cybercriminals and large-scale global fraud enterprises without disrupting the consumer checkout experience. And with Verifiâs single source platform, customers gain immediate access to all of Verifiâs partner fraud and risk management solutions without the need for any additional integration.Details
FL-based BankAtlantic will award a grand prize winner two ADT Club tickets to five summer concerts as part of the BankAtlanticâs ATM âAccess to Musicâ Sweepstakes. The Grand Prize winner will receive a special gift bag of tour merchandise for each of the five concerts at the BankAtlantic Center.Details
KAL global ATM software company has been named a leading independent ATM software company, according to research carried-out by London-based Retail Banking Research (RBR).
The top three vendors now dominate the market for true multivendor software, holding more than 66% market share between them. This includes NCR is in first position with 24%, and KAL and Wincor Nixdorf are equal second with 21% each. These findings are based on interviews with 66 financial services organizations in 39 countries that collectively have deployed 278,000 âtrue-multivendor softwareâ ATMs worldwide. The RBR study has shown that there has been an impressive increase in the number of such ATMs, rising +67% in two years from the 2007 total.
Regarding their current employment, 71% of Americans consider job situation âjust as stableâ as or âmore stableâ than last year while 16% feel their job is more stable and 24% consider their job âless stableâ compared to last year. Thirty-four percent of young professionals said they feel âmore stableâ in their current jobs compared to last year, more than double the 16% of the general population and the 14% of affluents. These findings, according to the American Express “Spending & Saving Tracker” survey, also show 50% of young professionals feel âjust as stableâ in their current jobs, compared to the 54% of the general population and 60% of affluents. Also, 60% of consumers who feel their jobs are more stable have increased their overall spending and investments, 35% in dining, 31% in travel, 14% in the stock market and 10% in real estate; and consumers who feel either their current jobs are less stable or just as stable are less inclined to increase their overall spending and investments with, 16 percent and 32 percent respectively doing so. To obtain greater job security, more than 54% of the general population would make one or more concessions, which included;
Working longer (25%)
Shifting companies (18%)
Taking on more (14%)
Fifth Third Processing will offer data protection provider
Voltage Security encryption and tokenization products to its merchant network.
Fifth Third Processing Solutions will integrate
Voltage “SecureData” Payments, a version of its industry-leading
end-to-end encryption solution specifically tuned for merchants and
payment processors, into its payment processing solution and make it
available throughout its merchant network.
Voltage uses the Identity-Based Key Encapsulation and Encryption
Protocol (IBKEEP) to transmit data across the various end-points without
the need for decrypting and re-encryption.
Voltage end-to-end encryption features an innovative cryptography
approach called Format-Preserving Encryption or FPE. With Voltage FPE,
credit card numbers and other types of structured information are
protected without the need to change format or structure.
Hickam Federal Credit Union of Hawaii has selected Open Solutions Inc. Imaged Payment Technologies Groupâs outsourced services to better integrate with its existing core platform, Open Solutionsâ DNA(formerly The Complete Credit Union Solution). Open Solutionsâ image-enabled item processing system drives a wide range of check-processing transports and streamlines financial institution operations. The solution also optimizes workflow, enhances business flexibility and generates fee income. Key benefits include improved funds availability, faster client service and greater abilities for institutions to retain more accounts and save on monthly mailing costs. By outsourcing, credit unions can decrease operating expenses while taking advantage of the latest technology, easily add new functionality and seamlessly support new branches, focus on core competencies, and eliminate concerns regarding staffing as well as floor space for item processing equipment. Additionally, Hickam FCU will experience complete recovery in the event of a disaster declaration. Open Solutions is a leading provider of integrated enabling technologies for financial service providers in the United States, Canada and other international markets. Hickam FCU is a community credit union with more than $431 million in assets serving the Ewa District and the island of Oahu with four branches.Details
Point of sale systems, payment terminals, POS barcode scanners, POS printers, and electronic article surveillance systems managed to continue sales growth to $14.8 billion in 2009, even as many retailers experienced declines in sales. These figures suggest retail technology spending will grow to nearly $21 billion in 2014 as retailers invest in the latest technology, according to ABI’s latest market study, the âNext Generation POS Systems and Retail Technology.â Much of the report is focused on the hardware aspects of the technology market, including customer-facing systems such as POS systems, payment terminals and peripherals. ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies.Details
White Sky has debuted “ID Vault Portable Edition”. “ID Vault Portable Edition” will allow users to securely access their online accounts from virtually any Windows-based computer, no matter where they are. ID Vault provides protection from the PC to the financial institution and everything in between, thwarting threats including bank Trojans, phishing attacks, and man-in-the-middle attacks that can compromise online banking, investing and shopping.
“ID Vault Portable Edition” is available in the form of a software download that can be loaded onto any flash drive. Once installed, ID Vault provides single-click, secure sign-on to any password-protected online accounts, eliminating exposure to online fraud through its end-to-end, continuously updated protection. Two-factor authentication is used to match the userâs PIN with the device ID, and if successful, a protected key is sent down to unlock the userâs credentials on the flash drive. ID Vault runs in a secure, environment, providing protection even if the PC or the network has been compromised. When users unplug Portable Edition from the machine, no trace of the application or user information is left behind. All of the usersâ credentials are securely stored on the flash drive and are accessible only when the flash drive is plugged in and the correct ID Vault PIN is entered.
Network Products Guide information technology research has named nuBridges Exchange Enterprise a winner of the 2010 Product Innovation Awards in the Business-to-Business category. This venerated annual award recognizes and honors vendors large and small from all over the world with innovative and ground-breaking products that are bringing essential and incremental changes, and are setting the bar higher for others in all areas of information technology. nuBridges Exchange Enterprise is managed file transfer (MFT) software that provides a centralized infrastructure for securely transmitting files internally and externally; helping companies monitor and prove compliance, reduce communication costs, accelerate business transactions, and simplify file transfer technology administration and support.Details
MetroPCS has selected Gemalto digital security to provide a Long Term Evolution (LTE) over-the-air platform and Universal Integrated Circuit Cards for its 2010 fourth generation LTE broadband service launch. Gemalto’s technology will enable MetroPCS to provide its subscribers with high speed Internet access from their mobile devices. MetroPCS, the fifth largest facilities-based carrier in the United States, offers unlimited, flat-rate, no signed contract wireless services to its more than 6.6 million subscribers. Gemalto’s OTA remote management platform will help MetroPCS manage wireless devices and subscriber service delivery in its combined LTE and CDMA network.Details
New distribution service Business Wire and CARTES in Asia, the digital security and smart technologies exhibition and congress to be held in Hong Kong
March 16-18, 2010 at the AsiaWorld
Expo, have announced that they have signed a partnership agreement.
Smart technologies industry leaders, key players in innovations and
decision-makers from all over the Asia Pacific region will gather in
Hong Kong for 3 days of conferences and 2 days of exhibition on smart
cards, identification technology, contactless payments, etc.
The market in this industry is growing faster than in any other region
in the world due to the dynamism of the telecommunications, the
deployment of the EMV standard and governments promoting smart card and
high technology adoption.