For the third year, Discover Financial Services makes the “2008 InformationWeek 500” list of the most innovative users of information technology. The company ranked No. 144 overall on the annual list. InformationWeek recognized Discover for its technology success with two projects: creating the technology behind the new Discover “Motiva” Card and testing the viability of mobile banking.Details
Wachovia announced that it remains well capitalized after the decision to sell certain of its businesses to Citigroup. Wachovia Corporation is supporting its operating subsidiaries including
Wachovia Securities and Evergreen Investments. Wachovia is in a strong
position to provide credit support and overall capital backing to key
businesses, including retail brokerage, asset management, retirement
services and capital markets. In addition, the Federal Reserve Bank
stands ready to provide liquidity as needed. Citigroup’s use of government assistance in
connection with its purchase of certain Wachovia businesses is not
dependent on the financial services relief plan legislation the U.S.
congress has been considering.
Printer supplier Zebra Technologies announced that CO-based Vail Resorts has selected the “P330i UHF RFID” card printer/encoders and UHF cards to create RFID-enabled ID cards. The new system is
designed to provide instant authentication of lift pass holders at the companyâs ski resorts. Vail Resorts will use handheld RF scanners to detect lift passes through skiersâ coats. The new RFID-enabled system consists of a Zebra Gen 2 RFID card and Zebra P330i passive UHF RFID card printer. The EPC Gen 2 cards used by Vail Resorts include a chip featuring strong sensitivity and a “Unique ID” serial number that cannot be changed or duplicated, thus protecting against
forging or cloning of ski lift passes.
Fair Isaac’s “Blaze Advisor” business rules management system is now available for a free 90-day trial download. Developers worldwide can now download the full current shipping version
of the software, install it and test it in their own environments. “Blaze Advisor” is a key component of the Fair Isaac Decision
Management suite, providing enterprises with a highly scalable,
end-to-end rules management solution to support a holistic approach to
decision making. The recipient of multiple industry awards, Blaze
Advisor has been recognized in the past year by analyst firms IDC and
Yphise, industry group ACORD/LOMA, and trade journal InfoWorld
Gas station payment solution provider Gilbarco has been awarded the
“2008 CSP Retailer Choice Best New Product” award for the “FlexPay EPP”.
FlexPay EPP helps retailers meet new Payment Card Industry
(PCI) standards for processing debit at the gas pump. The standards
outline new protections and encryption of Personal Identification
Numbers entered by consumers during debit transactions effective January
2009 for new sites.
The PCI Security Standards Council announced the general availability of
version 1.2 of the PCI DSS. Version 1.2 includes clarifications and explanations of the requirements that improve flexibility to meet todayâs security
challenges and ensure organizationâs can adequately comply with the
standard. While version 1.2 does not introduce any new major
requirements to the existing 12 in place since the Councilâs inception,
the updates do change some practices, such as the sun-setting of
implementations of Wired Equivalent Privacy (WEP) wireless security by
June, 2010. Participating Organizations are given
the opportunity to receive early drafts of all pending revisions to the
Councilâs standards and provide a bulk of the feedback during this
Deutsche Bank will provide credit/debit card clearing and settlement solutions
throughout Europe, managed by Deutsche Card Services GmbH.
Deutsche Card Services will be launched on the basis of the reliable
platform and expertise of Pago eTransaction Services GmbH. Pago
is a technology provider in card-based online payments, offering systems
for the processing of electronic payments to companies in the e-commerce
sector, mail order business as well as brick-and-mortar retailing.
A new report shows that electronic card-based payments will account for
10% of all consumer payments by 2012, double its percentage from 2007.
More than two-thirds of online consumers currently pay a portion of
their monthly bills with a credit or debit card, according to Aite
Group. The opportunity for banks, however, isn’t necessarily from
generating interchange revenue, but in attracting a segment of valuable
consumers to their own sites, instead of going to biller sites. But,
Aite believes that banks will find their highest rate of growth in
online bill pay from card-based payers.
Contactless platform provider INSIDE Contactless is building
upon its “MicroPass” platform to support a variety of “ICAO-Lite”
identity applications. The International Civil Aviation Organization
has set standards for
ePassports and eVisas based upon the use of contactless chip technology
with large EEPROM memory requirements to store high-resolution biometric
data and other identity information. But ePassports, eVisas and other
heavyweight ICAO ID applications represent only about 10 percent of the
overall identity market, leaving a huge, unserved potential market for
INSIDE’s ICAO-Lite solutions. As a result, INSIDE is anticipating strong
market demand for other ID cards and documents with less stringent
storage requirements and for customers requiring lower cost solutions