TSYS Signs Tinkoff Credit Systems to Card Solution

TSYS announced Tinkoff. Credit Systems Bank (TCS) has upgraded to its “PRIME 4” card and merchant management solution. TCS already introduced a credit card monoline business using the PRIME platform to launch 1.7 million credit cards in less than four years. It will now use PRIME 4 to manage the issuance of its MasterCard-branded Tinkoff Platinum credit card. It provides a scalable, single platform licensing solution for both card issuing and merchant acquiring and integrates real-time online authorisation and switching, ATM management, fraud detection and risk management tools.

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LogRhythm Deploys Log Management for Central Bank of Malta

Central Bank of Malta has chosen to deploy the LogRhythm log management integrated log management and Siem 2.0 Security Information and Event Management solution to automate its security procedures and improve operational efficiency across the organisation. The Bank is also using LogRhythm’s solution to ensure industry best practice procedures are being followed and to enhance the organisation’s data security. The Bank wanted a centralised and automated solution that could not only collect all logs generated across the organisation’s whole infrastructure, but could also analyse the logs collected in real-time while providing a consolidated overview of events. The Bank is also using LogRhythm’s solution to identify and track anomalous activity that occurs across its networks, including potential security threats, as confirmed by Glen Lethridge, manager Technology and Knowledge Services office.

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VoiceTrust Acquires Perceive Voice Authentication

VoiceTrust digital payments and voice biometric solutions acquired Perceive Solutions voice technology firm. VoiceTrust is a provider of voice biometrics security and its “Proof-of-Life” program, to offer safe, secure and cost efficient delivery of various payment services, like secure pension disbursement that allows pension funds using voice biometrics to ensure that the recipient is still alive and in-country. Recipients do not need to personally visit pension fund locations to authenticate themselves. VoiceTrust is majority owned by Ramphastos Investments, the investment vehicle of Dutch investor Marcel Boekhoorn.

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Backbone Security Enhances Steganography Detection

Backbone Security advanced digital steganography detection and hidden information extraction tools deployed its newest version of Steganography Analyzer Artifact Scanner, StegAlyzerAS, their industry leading application for detecting 1,025 digital steganography applications. A unique feature of StegAlyzerAS is the capability to process the Windows registry to detect keys and values associated with steganography applications. A steganography application can be uninstalled and the files and folders associated with the application can be deleted; however, there may keys or values in the registry that would indicate the associated steganography application had been installed on the computer at one time.

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NCR 4Q/11 Revenue Up 17% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NCR Corporation posted 4Q/11 revenue of $1.64 billion, up 17% from the year ago period while loss from continuing operations totaled $13 million. Income from continuing operations. Income from continuing operations for the fourth quarter of 2010 included $52 million ($43 million or $0.27 per diluted share, after-tax) of pension expense,…

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Small Businesses Show More Confidence in Jobs/Consumer Spending

Small business owners have more confidence and see growth ahead in 2012, according to the latest Citibank small business survey. It also shows 26% plan to increase their permanent full-time employees during the next year – a 12 point increase from Jan 2011 while 71% plan to keep their workforce the same size. Meanwhile, 22% plan on bringing some seasonal workers on full-time while 44% plan to work more hours and four of 10 are planning to further increase employee productivity. Additionally, 48% are holding steady and “poised to grow when conditions are right” while one-third believe they will be growing rapidly or moderately in 2012.

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Fiserv Adds Reward Redemption Options

Fiserv global provider of financial services technology solutions launched new redemption options for its “UChoose Rewards” program. This supports consumer and small business market segments for both debit and credit card programs, allowing financial institutions to select from merchant-funded, issuer-funded or a blended rewards programs. The “UChoose Rewards” now offers its participants the option to redeem rewards via a new web-enabled, in-store pick-up redemption option. Since launching the UChoose Rewards in-store pick-up option, nearly 30 percent of cardholders redeeming rewards for merchandise at Best Buy choose the in-store pick up option.

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MasterCard Partners Silver Tail Systems Against Online Fraud

MasterCard Worldwide and Silver Tail Systems web session intelligence forged an exclusive relationship to focus on leveraging and creating innovative solutions to help combat online fraud. The companies’ collective expertise will enable merchants to differentiate fraudsters from legitimate consumers in real-time during the online shopping experience. Combining Silver Tail Systems’ technology and MasterCard’s payments experience and insights allow merchants to better spot malware or robotic activity originating from personal computers or smart phones attacking their online payments systems.

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Fiserv Offers In-Store Pick-Up Redemption

Fiserv financial services technology solutions announced new redemption options for its award-winning “UChoose Rewards” program. This supports both consumer and small business market segments for both debit and credit card programs. The UChoose Rewards now offers its participants the option to redeem rewards via a new web-enabled, in-store pick-up redemption option. The in-store pick-up option allows participants to order merchandise online as usual, but instead of waiting for items to be shipped, participants can pick them up at participating retailers.

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Ceridian Launches Virtual Terminal for Web-based Transactions

Ceridian Stored Value Solutions (SVS) innovative prepaid solutions introduced its “Virtual Terminal,” which replaces or can be used in place of a stand alone POS. This application requires no purchase of additional hardware or installation of software for SVS clients, and can be accessed from anywhere using a web browser. The SVS Virtual Terminal is an affordable web-based POS or terminal replacement solution, and supports all retail gift card transactions for integrated SVS clients. This first release of the application processes all standard SVS retail gift card transactions with the ability to issue Branded Prepaid products as well as Third Party products that reside within SVS Galleria.

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USA Technologies Inks Three-Year Contract with Elavon

USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries has extended a ten-year relationship for an additional three-years with Elavon payments provider. The agreement provides USA Technologies with Elavon’s support to continue with its growth plans and reached a milestone along the anticipated path towards profitability. The partnership also provides USA Technologies a solid foundation that will support both improvements in functionality as well as a continued increase in customers, connections and resulting transactions processed on the Company’s ePort Connect services.

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Tennessee Regents Deploys Heartland Financial Aid Disbursement

Heartland Payment Systems Campus Solutions has been awarded a contract by the Tennessee Board of Regents System to manage financial aid disbursement and refund management with Heartland’s Acceluraid electronic financial aid disbursement product. Available as a standalone solution or integrated with Heartland’s complete Campus OneCard System, Acceluraid simplifies a campus’ refund process by eliminating paper checks, increasing operational efficiencies, and reducing the costs, delays and operational hurdles typically associated with financial aid disbursement. Students also receive a school-branded Discover® prepaid debit card that is issued by Oklahoma-based Central National Bank.

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