MASTERCARD

MasterCard has granted Calypso Canada Transaction Network Services company and ABM processor EMV approval as part of Canada’s drive to switch to secure EMV and Chip-certified technology. With less than 12 months until the deadline set by the Interac Association passes, owners, operators and deployers of automatic banking machine (ABM) estates across Canada are now furiously ensuring they can meet the imposed mandates. These mandates require at least 50% of non-deposit-taking ABMs upgraded by the end of the year. The MasterCard EMV approval for Calypso Canada’s PCI DSS certified ABM processing environment is the latest in a series of investments made by Calypso Canada, after the Interac Association had certified its EMV Chip platform.

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EPAY & PLAYSTATION

epay has partnered with Sony Computer Entertainment Europe (SCEE) to offer an end-to-end solution in handling its PlayStation Network (PSN) Cards across Australia. epay’s global network of approximately 237,000 retail locations and innovative payment solutions will help SCEE achieve its objective of enabling more consumers access to digital content available through PSN.
The PlayStation Network Cards are a simple way to add credit to a PSN wallet enabling access to an extensive library of content including: games, downloadable add-ons, movies and much more. Cards can be bought for cash at participating epay retailers where consumers receive a unique voucher code that can be redeemed online to purchase content for both PlayStation3 (PS3) and PSP(PlayStation Portable). The epay portfolio includes prepaid mobile top-up, prepaid debit cards, e-wallets, bill payment, gift cards, digital content, money transfer through its sister company RIA, lottery and transport payment solutions including road tolls and public transport. A full marketing and distribution service is available to support these products and services.

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VISA DSS GUIDELINES

Visa Europe has launched the industry’s first guidance for data field encryption solutions by providing the minimum security practices needed to help support Payment Card Industry Data Security Standard (DSS) compliance. The best practices are based on the following basic security objectives; cardholder and authentication data should only be available at the points of encryption and decryption; encryption key management solutions should follow international and/or regional standards; key lengths and cryptographic algorithms should follow international and/or regional standards; devices used to perform cryptographic operations should be independently assessed to ensure they are protected against compromise; if cardholder data is needed after authorisation (for example when processing recurring payments, customer loyalty programmes or in fraud management), a transaction ID or token should be used instead of the data itself. The guidelines are based on best practices developed by Visa Europe that will help merchants and other stakeholders in the payments process to evaluate data field encryption solutions. These technologies can help secure card data when it is either being stored or moved and render it useless to fraudsters in the event of a data compromise.

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Consumer Credit Card Debt Highest Since May 2009

Amongst consumers with a credit card, credit card debt increased 6%
nationally from January and is the highest it has been in 10 months. The
Midwest and Northeast regions showed the highest increases in credit
card debt with a 7% increase and Kansas City area consumers representing
the highest gain, increasing debt by 10% in February. Consumers in six
states increased their credit card debt by more than 10%, according to
Credit Karma’s February 2010 “U.S. Credit Score Climate Report.”
Consumer credit scores, however, in the Midwest and Northeast were up
one point in February, while the South remained the same and credit
scores in the West dropped one point, for a national average of 669.
Additional findings show consumers in Louisiana and Kentucky had the
biggest increases to their credit scores by five points in February to
644 and 649, respectively; consumers in the Chicago MSA had increased
their credit scores by three points, the most of any MSA tracked by
Credit Karma, to 683; Colorado consumers have the highest amount of
credit card debt with an average balance of $9,712 while the Denver MSA
consumers have an average of $9,896 in credit card debt.

STATE CREDIT CARD DEBT FEB VS. JAN
Idaho +14% $8,958
Mississippi +14% $7,294
Nebraska +12% $8,565
New Mexico +12% $8,241
Kentucky +10% $8,384
Missouri +10% $7,926

FEB AVG CONSUMER Had….
$8,280 Credit Card Debt
$179,435 Mortgage
$52,431 Home Equity
$14,949 Auto Loan
$26,961 Student Loan

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HYPERCOM & ZKA

Hypercom Corporation has expanded portfolio of high security payment and digital transaction solutions validated in compliance with the EMV POS specification of Germany’s Central Credit Committee, the Zentraler Kreditausschuss (ZKA). With ZKA approval of the already-approved Artema Hybrid, now configured with cardholder-facing S10 PIN Pad, Hypercom strengthens its position as the leading provider of payment and digital transaction solutions to the German market. The latest approval follows ZKA certification in May 2009 for Hypercom’s “Optimum T4200” countertop terminals with options for ISDN, TCP/IP and GPRS connectivity, as well as the M4240 Bluetooth and M4230 GPRS mobile models, all with integrated smart card readers.

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NFC FORUM

The NFC Forum has announced 19 new members from 14 countries during its week-long all members meeting taking place in Shanghai.
The NFC Forum welcomes the new members at four levels, including two Principal Members, nine Associate members, four Implementer members and four Non-Profits. They are: Principal Members: Marvell Technology Group Ltd., Bermuda; Rogers Communications, Inc., Canada; Associate Members: Blackboard Inc., US Consult Hyperion, UK, DB Mobility Logistics AG, Germany, Micropross, France, Murata Manufacturing Co., Ltd., Japan, SGS SA, Switzerland, Taiwan Semiconductor Manufacturing Company, Ltd. (TSMC), China, Telecommunication Metrology Center (TMC), China, Zapa Technology, Ireland;Implementer Members: Adamsoft d.o.o., Slovenia, CASSIS International, Singapore, UPEK,Inc.,US, Yulong Computer Telecommunication Scientific Co., Ltd., China ; and Non-Profits Members: Center for Internet Excellence (CIE), Finland, National Retail Federation – Association for Retail Technology Standards (NRF-ARTS), US, NetPort.Karlshamn AB, Sweden, and Universidad Pontificia de Salamanca – Club de Innovacion, Spain. The NFC Forum’s Sponsor members, which hold seats on the Board of Directors, include leading players in key industries around the world. The Sponsor members are: Innovision Research & Technology plc, INSIDE Contactless, MasterCard Worldwide, Microsoft Corp., NEC, Nokia, NTT DOCOMO, Inc., NXP Semiconductors, Renesas Technology, Samsung, Sony Corporation, STMicroelectronics and Visa Inc.

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Corserv Brings Credit Card Issuing to Small Banks

GA-based Corserv Solutions has launched its “EnCor Lending” program, allowing community and regional banks the management expertise and scale needed to own and control their own credit card operations. Designed to diversify the credit card market and strengthen customers’ overall banking relationship, “EnCor Lending” aims to break through the large-issuer domination of credit card markets and their agent bank programs subjecting cardholders to unfriendly rate and fee policies. In doing so, the program re-installs the originating bank as the lender and beneficiary of the card relationship. In a partnership with Corserv, banks originate the accounts and control their customer relationships while owning virtually all of the loan balances and the P&L. The “EnCor Lending” program provides community and regional banks VISA and MasterCard credit card issuance, marketing, risk management, end-to-end customer service, collections, processing and settlement, reporting, analytics and accounting.

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Visa Extends FIFA Advertising Campaign

Visa and international football organization FIFA have extended its “Go Fans” marketing campaign.
Go Fans was developed to connect with football fans worldwide to drive preference for and usage of Visa products, promote Visa’s association with the 2010 FIFA World Cup South Africa and reinforce the ways in which Visa enhances the fan’s FIFA World Cup experience. The global campaign, which originally debuted in Latin America in 2009, includes television, print and out-of-home advertisements, usage promotions, experiential offers for cardholders and merchant discounts. To date, 78 markets throughout the world are activating Visa FIFA-themed marketing programs with over 200 clients.
Utilizing the flexibility of the “More people go with Visa”campaign, advertising creative from the Go Fans campaign will be customized and will appear in 30 markets around the world to strengthen the campaign’s relevance in those regions.

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Accenture Now Offering High Speed Mobile Financial Solution

Accenture has partnered with mobile financial services provider Fundamo
to offer mobile financial transaction
software. The mobile money management solution incorporates the Fundamo
Enterprise Mobile Financial Services (EMFS) platform and combines it
with Accenture’s Service Delivery Platform (SDP). Mobile money
management is available from Accenture Mobility Operated Services, which
provides services for mobile operators,
financial institutions and large retailers for
revenue-generating services. It allows
customers to conduct traditional banking transactions, automatically
adjusts to fluctuations in network traffic, such as sudden peaks of
traffic at the beginning of a business day, and can facilitate thousands
of simultaneous transactions.
The mobile money management solution makes it possible to process
micropayments in real time, which helps companies take advantage of new
business models.

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nFinanSe Reduces ATM & Payment Fees

nFinanSe reloadable prepaid card provider is significantly reducing its
fees to cardholders for ATM withdrawals and for electronic bill pay
transactions to facilitate greater trial and use of the Visa and
Discover Reloadable Prepaid Cards. The Company is immediately reducing
its fee for an ATM withdrawal to $0.99 from $1.50 regardless of where
the ATM withdrawal is made and reducing the fee on an electronic bill
payment transaction to $0.44 from $1.00 with no restrictions as to payee
or number of transactions for both existing and future cardholders of
nFinanSe Visa and Discover Reloadable Prepaid Cards. The major fees that
will appear on the Company’s packaging include a Retail Price of $3.00;
a monthly fee of $2.95; free employer direct deposit; free bank transfer
to card; a reload fee of $2.95; free PIN and signature transactions; and
an ATM cash withdrawal fee of $0.99. FL-based nFinanSe financial
services company and provider of stored value and prepaid card solutions
has developed the “nFinanSe Network” to connect retail merchants and
other value load stations located throughout the United States.

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LifeLock Ranked Best Overall in Service

Identity Theft Labs, an industry-leading blog
which compares various identity theft protection services, has ranked
LifeLock as the “Best Overall” service and provided an overall rating
for LifeLock as “Excellent.” The “LifeLock Identity Alert” system offers broader identity coverage,
greater control, and early notification of both credit and non-credit
related identity threats by searching more than 45 million data points
daily and 30 million consumer transactions each month. This advanced
detection system can identify fraudulent applications for many forms of
both credit and non-credit related services. These include many retail
credit cards, mortgage loans, and auto loans, as well as non-credit
related transactions, such as wireless services, utilities, peer to peer
loans, and non-credit related payday loans.

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MetaBank Introduces Campus Dough Prepaid

CO-based University Parent has teamed with prepaid card provider StorValue and issuer
MetaBank to offer the “Campus Dough DebitSmart” Visa
Prepaid Card. The “Campus Dough” prepaid card will be reloadable and
funds can be allocated from a payroll direct deposit, checking account
or GreenDot and Western Union retail locations nationwide.
The reloadable card enables students to receive discounts
on purchases at thousands of brick-and-mortar and online retailers –
from leading pizza chains and fast-food restaurants to bookstores,
coffee shops and downloadable music sites. In addition, students and any
family members holding the card will be able to receive prescription
discounts at more than 56,000 pharmacies across the country.
The Campus Dough card will be available to all university
students and their families nationwide in April. University
Parent will detail the cards rewards and features in the coming weeks in
print and online University Parent Guides, as well as on Facebook and
Twitter.

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