MasterPass Implements SecureKey Hardware-Based Security

SecureKey Technologies identity and authentication announced its “briidge.net” DNA security software and “briidge.net” Enterprise authentication service have been integrated with “MasterPass,” the new digital commerce platform from MasterCard. SecureKey briidge.net DNA combined with Intel Identity Protection Technology (Intel IPT), provides MasterPass wallet holders and merchants with an additional level of hardware-based security to help reduce fraud risk and to help ensure safer, more convenient online payment transactions. Intel IPT helps provide a simple, tamper-resistant method for protecting consumer and business data from threats and fraud. As a feature in all Intel-inspired Ultrabook devices and PCs with the latest Intel Core processors, Intel IPT is a key component in enabling hardware-based two-factor authentication solutions for online websites and business log-ins. The combination of briidge.net DNA and Intel IPT is a result of a collaboration SecureKey established with Intel to enable strong authentication solutions for various vertical market applications.

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Setis Software Joins Multos SmartCard Consortium

SETIS, a Sao Paulo Brazil based developer and integrator of software solutions for EMV payment systems, has joined the MULTOS Consortium, a group of international blue chip organisations responsible for the promotion and development of the MULTOS specifications. In joining the Consortium, SETIS will be able to play an active role in the development and expansion of MULTOS, and benefit from the Consortium’s global marketing and networking resources with Members that span the entire secure smart device business.

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MasterCard opens industry partner training center

MasterCard announced the launch of a brand new training facility in Kenya to empower the financial services ecosystem with knowledge on various aspects of cashless payments in order to boost acceptance readiness in the region. The training centre, located at MasterCard’s East Africa offices in Eldama Park, off Peponi Road, will be used for training purposes for merchants, retailers and other partners. The facility, which can seat up to 40 people at a time, will be used to host project meetings to enhance awareness of global payments industry best practice in issuance of cards, retail payments and technical aspects of cashless transactions. In addition, the training centre will facilitate workshops to address issues that are important to stakeholders in the payments industry including: the latest MasterCard payment technologies, EMV migration, data security standards, customer service trends and retailer best practices.

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Western Union Partners IndusInd Bank

Western Union Business Solutions partnered IndusInd Bank Limited to bring its technology platform for making global business and foreign exchange payments to the doorsteps of small and medium-sized enterprises (SMEs). IndusInd Bank has also signed up two of Western Union’s largest agents, Weizmann Forex Ltd and Paul Merchants Ltd, as referral agents to help market the service in India. The service will launch at select Paul Merchants Ltd. and Weizmann Forex Ltd. Western Union locations in 22 cities across the country and aims to provide doorstep service to clients. Customers will be able to request a visit from a trained representative of Paul Merchants Limited or Weizmann Forex, allowing them to book a cross-border transaction from their home or office. This service will be offered under license by IndusInd Bank and will be particularly valuable for small businesses that currently need to commit resource and travel time to arrange payments for international suppliers.

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Panini Expands Cheque & Document Truncation Solutions

Panini global payments technology provider will showcase its comprehensive portfolio of distributed capture solutions for financial institutions, businesses, and merchants at the CIAB Febraban Annual Congress in São Paulo, Brazil. In addition to demonstrating solutions for branch capture, remote deposit capture, point-of-sale capture, and device management, Panini will showcase the two newest capture solutions from its continuous innovation portfolio, Panini Vision neXt™ and Panini mI:Deal™. The Vision neXt is Panini’s new batch capture solution platform, setting new performance standards while delivering robust quality and breakthrough innovations such as an integrated document alignment system. The Panini mI:Deal combines innovation and ease-of-use with “plug & play” connectivity to existing POS systems for maximum functionality and ROI.

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First Data Announces May Consumer Spending Trends

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data SpendTrend analysis for May 1-31, 2013 compared to May 1-31, 2012, tracking same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations, showed dollar volume growth increased 6.0% in May compared to April’s 5.1% growth. The warmer weather across the…

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Ogone Upgrades Online Fraud Protection

Ogone global online payment services specialist upgraded its on-line fraud protection package with the latest detection technology tools and launched a new product, Ogone “Fraud Expert.” Merchants are being offered improved protection against online fraudsters which features the added benefit of helping those merchants increase their online payment revenues by reducing the rejection of legitimate transactions and the costs relating to automatic or manual checks. This provides them with the ability to relax the automatic transaction blocking criteria, while, at the same time, benefiting from an ‘expert safety net’ of a second level of protection for any transaction identified as “dubious”. Ogone Fraud Expert comprises of: a set of over 20,000 control rules configured and maintained by Ogone’s specialist fraud experts, device fingerprinting for detecting suspect behaviour, a pooled knowledge database, industry specific templates and finally, the option of outsourcing on demand transaction reviews to a group of permanently available (24/7/365) fraud experts for investigation.

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Vasco Launches Credit Card Authentication Device

VASCO Data Security International software security announced a new addition to its DIGIPASS e-signature portfolio with DIGIPASS 280. Offering strong authentication in a convenient slim design, DIGIPASS 280 provides a comprehensive transaction data signing and authentication solution that banks and other organizations can use to effectively combat Internet fraud by replacing static or paper-based password systems with dynamic one-time passwords (OTPs) and e-signatures that are calculated with DIGIPASS algorithms. DIGIPASS 280 supports up to four different native time-based applications: two OTP and two e-signature applications. The OTP-applications generate strong dynamic passwords with a limited validity. With a push on the button, DIGIPASS 280 displays an OTP each time a user wants to remotely log on to an application, website or network. The two applications each use their own cryptographic secret to calculate the OTPs which greatly enhances security.

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USA Technologies Refines Customer Agreements

USA Technologies entered into three new exclusive agreements with existing customers during the third quarter ending June 30, 2013, adding to the exclusive agreements already entered into in Fiscal 2013. The three agreements call for exclusive use of USAT’s comprehensive ePort Connect® service and are all three years in duration. The new exclusive customers, City Vending Company, Fresh Brew Group and American Food and Vending Corporation, are all regional vending companies. As of March 31, 2013, USAT had over 4,500 customers and 196,000 connections to its ePort Connect service, increases of 59% and 32%, respectively, since the same period in the prior year.

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Datacard Releases New Instant Issuance System

Datacard Group secure ID and card personalization solutions continued investment and expansion of its desktop card issuance product portfolio with the availability of the Datacard® CE840 TM instant issuance system. This new CE840™ system gives financial organizations, retail, government and other card issuing organizations the ability to issue secure, personalized cards on demand or in low-volume batches. Offering high-quality embossing and indenting up to 150 characters, the CE840™ system features magnetic stripe encoding and a single 100 card input hopper with locks to help ensure the security of the cards. In addition, it has optional features such as direct-to-card color printing and smart card personalization capability.

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Consumer Delinquencies Plummet

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The improving health of U.S. consumers, according to the latest index results from Fitch Ratings, has seen delinquencies plunge to new lows. In conjunction with a five-year high for consumer confidence in May, U.S. consumers continue to chip away at their debt, which impacts credit card ABS performance. Fitch anticipates stability…

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Cardlytics’ Card Marketing Gain Latest Client

Cardlytics Card-Linked Marketing announced its platform has been deployed by San Diego County Credit Union (SDCCU) to provide targeted rewards to their members in San Diego, Riverside and Orange counties. SDCCU implemented the platform through an ongoing partnership between Cardlytics and Fiserv, which provides SDCCU with Corillian Online, the industry’s leading online banking solution. Relevant offers are now presented on each member’s checking account detail page within the credit union’s secure online banking platform – achieved by leveraging information about previous purchases. There are no coupons or promotion codes required and no member data leaves the credit union’s secure environment.

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