OSCA AWARDS

The Smart Card Alliance is currently accepting nominations for its
“Outstanding Smart Card Achievement” (OSCA) awards, which will
be presented at the SourceMedia CTST 2008 in May 2008 at the
Orange County Convention Center West of Orlando, Florida.
Categories for the OSCA Awards include “Outstanding Issuing
Organization”, “Outstanding Supplier Organization” and “Outstanding
Individual Leadership” for which 3 finalists will be chosen in each
category. These finalists are to be judged by North American smart
card industry suppliers, end-users and individuals against such criteria
as the nominee’s merits and qualifications. The Smart Card Alliance
association is focal on stimulating the understanding, adoption and use of
smart card technology in the U.S.and Latin America while previous
OSCA Awards recipients include such organizations as The U.S.
Department of State, Gemalto and the Defense Manpower Data
Center.

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Archway Gift Cards Tops 220MM in 07

Fulfillment provider Archway Marketing Services surpassed its gift card forecast and shipped 220 million cards in 2007, doubling 2006 gift card distribution numbers. Archway predicts gift card shipping to continue to grow exponentially and is preparing to ship nearly 350 million gift cards this year. Archway is an end-to-end gift card solution provider, offering procurement, fulfillment, and inventory management, as well as serial number tracking, forecasting, automatic replenishment and online reporting for gift card programs.

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PAYSAFECARD.COM CEO

paysafecard.com has appointed David Hunter
to CEO, given his experience in electronic commerce. Hunter has joined
paysafecard.com Ltd from ClickandBuy as a Managing Director, for which
he contributed to the organization’s transformation from that of a
micropayments
service to an online wallet service, succeeding his roles in
management
for BT’s ePayments and “BT Accurate” divisions. His experience with BT
were fundamental to David’s reputation as an eMoney industry expert.
paysafecard is available to consumers in 10 countries across Europe who
want the same convenience as credit and debit cards without the same
level of
risk. The paysafecard user is required to enter a PIN code to authorize
payments using their card, which are available in increments of GBP10,
GBP25, GBP50 and GBP75 at over 18,000 locations throughout the UK.

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Experian Sues LifeLock Over Fraud Alerts

Experian has filed suit against LifeLock for allegedly placing fraud alerts illegally on credit files maintained by Experian. The suit also alleges that LifeLock is engaging in deceptive and fraudulent behavior by adding hundreds of thousands of fraud alerts every 90 days to Experian’s consumer credit database in a manner that was not intended by Congress when it implemented the federal FCRA. The complaint alleges that corporations are specifically prohibited from adding fraud alerts to consumer credit files and that LifeLock’s service uses consumers’ free yearly allocation of credit reports without adequate disclosure. Experian says LifeLock’s activities constitute false and misleading advertising and fraud. The complaint alleges that the long-term effects of LifeLock adding four alerts per year for its 600,000 members to Experian’s database will degrade the effectiveness of legitimate fraud alerts over time.

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The Bancorp Bank Expands its SEI Deal

DE-based The Bancorp Bank has expanded its relationship with asset management provider SEI with the launch of the “SEI Cash Access Account”, The “SEI Cash Access Account” is an integrated banking, lending and bill payment solution designed to give investors added flexibility to meet cash flow needs by linking the banking services to investors’ SEI investment account. Among the services included in the program are unlimited checking and no-fee ATM access; direct deposit for paychecks, Social Security or pension benefits; electronic bill-paying service; extensive overdraft protection; and a securities-backed line of credit. A key benefit of the solution is that clients are kept fully invested, maintaining a minimal balance in the Cash Access Account while the majority of assets remain fully invested in their investment account. SEI is a provider of outsourced asset management, investment processing and investment operations solutions. The company’s innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth.

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Heartland Announces Discover Winner

MO-based Heartland Bank this week announced the winner of its “Heartland Bank Discover Network Card 120,000 Rewards Points” promotion, which ran from August 31st to December 31st. Heartland Bank began offering the Discover Network Card last May, becoming the first bank in St. Louis and Denver to offer customers a Discover Network credit card. For every transaction cardholders made during the four-month promotional period, they received one entry for the drawing to win the 120,000 points. The Heartland Bank Discover Network Card rewards cardholders each time the card is used, and its rewards program tracks activity on the card and calculates points that can be redeemed for merchandise prizes or travel. The Heartland Bank Discover Network Card not only provides customers with rewards, it also offers a fraud prevention monitoring system to track purchases and transactions for customer security. The card comes with a low introductory rate and no annual fee.

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TrustKeeper Upgraded with SAQ v1.1

Security and compliance management provider Trustwave has upgraded “TrustKeeper” with the new PCI SSC Self Assessment Questionnaire. The SAQ is a validation tool used primarily by Level 2, 3 and 4 merchants (and some smaller service providers), as defined by the major card brands to validate compliance with the PCI DSS. The PCI SSC updated SAQ version 1.0 to better align with PCI DSS version 1.1 and created four variants to ensure merchants only answer questions relevant to their environment. Each of the four variants, labeled A, B, C and D have qualifying questions used to determine which of the four questionnaires a merchant is required to complete: They are A11 – Card-not-present (e-commerce or mail/telephone-order) merchants, all cardholder data functions outsourced. B21 – Imprint-only merchants with no electronic cardholder data storage. B21 – Stand-alone terminal merchants, no electronic cardholder data storage. C38- Merchants with POS systems connected to the Internet, no electronic cardholder data storage. All other merchants (not included in Types 1-4 above) and all service providers defined by a payment brand as eligible to complete an SAQ. D 226

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Bank Freedom Prepaid Card is Launched

Berman Marketing Group has rolled out the “Bank Freedom Prepaid Debit Card for purchase on its website. The card is a personalized, reusable prepaid debit card for America’s unbanked and underbanked population. The company states that subject to verification of ID the prepaid debit cards will be offered to America’s estimated 40-80 million unbanked and underbanked consumers with a 100% guaranteed approval policy. The company is offering the prepaid debit card with no activation fee, no signature user fee, free direct deposit and no monthly fee if users direct deposit $500 a month or more. Users deposit cash onto the prepaid card at one of 40,000 retail locations or have their paycheck directly deposited onto the prepaid card for free. The Berman Marketing Group is a multi-channel direct market firm specializing in direct response marketing.

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Better ATM Lights Creates Better Signage

Better ATM Services has introduced “Better ATM Lights,” an electroluminescent signage involving the usage of extremely thin layers of conductive and non-conductive plastic and a layer of phosphor along with a flat light source joined together to create one paper-thin, lightweight, highly durable panel that becomes a print medium which lights up like a backlit sign. Because it uses one-tenth of the electricity of an incandescent bulb, it is so cool that panels can be used in any variety of ways without the risk of overheating or melting. These attention-grabbing panels don’t require any special hardware leaving users free to configure them in frames, displays, custom-designed fixtures, or even wrapped around hardware. Space and cost limitations are eliminated with the striking new signage.

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Oliver Wyman Acquires Researcher Celent

Oliver Wyman has acquired Celent, a research and consulting firm focused on the global financial services industry. Celent’s operations and staff in Boston, New York City, San Francisco, London, Paris, Milan, Tokyo and Beijing will become a separate unit in Oliver Wyman’s financial services practice. Oliver Wyman has more than 2,500 professionals in over 40 cities around the globe. Celent was founded in 1999.

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MC to Debut a Priceless BusinessCard Spot

MasterCard unveiled a new “Priceless” television spot for its “BusinessCard” set to debut during the broadcast of the “Academy Awards” this weekend. The “Land” spot is one of two new TV executions breaking during the broadcast of the show. Last week, MasterCard announced that it would debut a 60-second spot, entitled “Studious Pupil,” to officially launch the new Priceless Search campaign. A third spot, entitled “Dinner Out,” will also appear on the broadcast. That spot debuted in mid-January and has since been appearing in general brand rotation. “Land” conveys an entrepreneur’s dream to break away from the corporate world in favor of running one’s own business. It is the second MasterCard spot for small business featuring this themed animation. Creative for the MasterCard Priceless campaign is handled by McCann Erickson/New York.

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