Illinois-based EFMARK Premium Armored has hired Brian Stang, formerly with Dunbar Armored, as Northeast Division Manager. Stang has an extensive resume of success in ATM and armored services, having risen through various service and senior management positions with Loomis Fargo, including a temporary assignment leading cash services activities for the 1996 Olympic Games in Atlanta. Prior to joining EFMARK Premium Armored, Stang spent five years with Dunbar Armored, most recently serving as regional vice president of the company’s Southeastern division. EFMARK Premium Armored is the nation’s largest “ATM only” service company, servicing more than 50,000 ATMs in 42 states for more than 1,600 financial institutions.Details
Portland, OR-based TRM reported that gross sales more than doubled again in the third quarter to $59 million, compared to $29 million one-year ago. ATM operating income increased 39% to $3.5 million during the quarter but was down significantly from the prior quarter’s $5.0 million. ATM operating reflects increasing economies of scale in the ATM business, but have been offset by eFunds transition costs and unusually high cash losses in the Company’s UK ATM operations as a result of a significant increase in ATM theft. TRM acquired eFunds ATM network last year, adding 15,700 ATMs to its network. During the third quarter, TRM agreed to purchase the U.K-based ATM business of Travelex UK for approximately $78 million. At the end of the quarter, TRM had 22,243 ATMs producing total withdrawals of 20.0 million during 3Q/05. For complete details on TRM’s third quarter performance, visit CardData ([www.carddata.com]).
TRM GROSS SALES
1Q/04: $25.9 million
2Q/04: $28.8 million
3Q/04: $29.0 million
4Q/04: $26.6 million
1Q/05: $58.8 million
2Q/05: $61.4 million
3Q/05: $59.2 million
Source: CardData (www.carddata.com)
Lipman Electronic Engineering has announced that its “Dione
Xplorer,” “Dione Secura” and “Dione Secura Integration Module” have received “Payment Card Industry PIN Entry Device” approval and
the Xplorer and Secura received certification (PCI PED) from the
Australian Payments Clearing Association (APCA). In addition, the
Xplorer terminal has received APACS Common Criteria certification from
the UK payments association. To receive these certifications, the
systems were tested at both the hardware and software levels by a
independent laboratories for fraud protection, including tamper
resistance and tamper responsiveness as well as other stringent
criteria, to ensure transaction security and protect customer PINs and
other sensitive data at the point of sale.
Oberthur Card Systems and M-Systems, a provider of flash-based data storage devices, have teamed to develop a new secure-storage token platform for strong, two-factor authentication in high-volume vertical markets. Network security is greatly enhanced by two-factor authentication, which combines something the user physically carries, such as a secure-storage token, and something the user knows, such as a personal password. This two factor authentication can also be combined in the future with biometry (fingerprint) for user identification. Oberthur Card Systems is is a provider of card-based solutions, software and applications.Details
VISA International released a global contactless payments specification and announced an expansion of its “Smart Global Partner” program. VISA first published a contactless specification in 2002, primarily to focus on local market implementations and requirements. The updated specification provides more flexibility, enhanced security and faster transaction processing. The specification enables issuers to choose the options and features that best meet their local market needs while ensuring global interoperability. VISA International also announced that its “Visa Smart Global Partner” program now includes a total of 21 offers for member financial institutions migrating to chip. Participants include ACI Worldwide,Axalto, Barnes International, Bell ID, Datacard Group, Giesecke & Devrient, ICC Solutions, NBS Technologies, Oberthur Card Systems, Orga, Sagem Monetel, STMicroelectronics, Thales e-Security and Welcome Real-time.Details
The national competition has begun for VISA International’s “Visa
Championships-Torino 2006” online game and international competition.
Players from 23 countries compete in three virtual Olympic Winter Sports
to win a trip for two to the “Torino 2006 Olympic Winter Games” and a
chance to be crowned global champion. The “Visa Championships-Torino 2006” online game is a first from VISA as part of its Olympic marketing
program. It is a challenging, free international competition in which
players from 23 countries compete in three virtual Olympic Winter Sports
to win a trip to the Torino 2006 Olympic Winter Games where they will
take part in the global finals of the game.
Wal-Mart Accepts Debitman Cards Nationwide
Debitman, the leading electronic payment network for retailer-issued debit cards, today announced that Wal-Mart Stores, Inc. is now accepting Debitman cards at checkout in all Wal-Mart and Sam’s Club locations across the United States.
“We are thrilled to be working with Wal-Mart,” said R. Scott Hatfield, President and COO of Debitman. “There can be no better validation of our business model and company mission.”Details
Dublin-based FreeStar Technology reported its revenue for the fiscal year
ended June 30 rose more than 20% to $1.6 million compared to $1.3
million for the prior year. A higher
volume of transactions at wholly owned subsidiary Rahaxi Processing
were responsible for the revenue gains. Rahaxi
Processing’s transaction volume climbed more that 18%, processing more
than 15.4 million transactions during the fiscal year, up
from slightly more than 13 million transactions processed during the
previous year. The company reported a net loss of $22.1 million for the
fiscal year ended June 30, a 249% increase from the prior year.
FreeStar Technology Corporation is a payment processing company.
The National Grocers Association, along with its retailer, wholesaler and state association members, has filed an antitrust, class-action lawsuit over VISA and MasterCard’s credit card interchange fees. The suit was filed in the U.S. District Court for the Eastern District of New York yesterday by Robins, Kaplan, Miller & Ciresi. N.G.A represents over 1,500 grocery retailer companies across the nation and over 60 wholesale grocery companies. Approximately 40 other interchange lawsuits have been filed by merchants this year making similar charges. The first major lawsuit by merchants to take on U.S. interchange fees was filed in October 2004, shortly after the U.S. Supreme Court refused to hear VISA and MasterCard appeals in the “Wal-Mart” debit card lawsuit. (CF Library 10/05/05)Details
Retail Decisions has signed an agreement to license its “PRISM” fraud detection software to LG Card. LG has 9.5 million cardholders and 10.7 trillion Won in managed assets. “PRISM” neural technology comprises a full suite of fraud detection applications that includes predictive fraud detection for credit, debit and private label cards, retail fraud, e-commerce transactions and money laundering. Retail Decisions is an operator of fuel cards and a world leader in card fraud prevention and payment processing.Details
VeriFone unveiled its smallest and lightest fully-functional mobile handheld payment platform. The new, Wi-Fi equipped “Vx 670” employs the “MAXui” design philosophy which combines a drop-in load, high-speed thermal printer along with an ATM-style user interface, while offering secure online and offline EMV credit and debit capabilities, a magnetic stripe reader and a chip card reader. VeriFone also announced the “Vx 570,” a new countertop payment system. The new system provides investment protection to existing “Omni 3750” users who can leverage their existing applications while enjoying the added speed and performance benefits of the “Vx Solutions” platform and the greater flexibility in the number and type of applications they want to operate. “Vx 570” supports easy migration of Omni 3750 applications with minimal recertification, providing an easy migration path with greater memory, a faster processor, larger paper roll, enhanced display and the USB port. The “Vx 570” design meets all current requirements for PED devices for secure PIN-based transactions.Details
VASCO Data Security International has released the “Digipass 100, Digipass Technology on a flexible smart card. The “Digipass 100” flexible smart card has the same format as a classic credit card and fits perfectly in a wallet, which makes it hyper-portable. The Digipass strong authentication technology sits on a flexible smart card developed by nCryptone and InCard. This card displays a Digipass one-time
password when the user pushes a button. VASCO has delivered 19 million products worldwide.