Dydacomp Combats Growing Fraudulent Transactions

Dydacomp business technology platforms for small and mid-sized eCommerce and multichannel merchants, announced best practices retailers can implement to more closely monitor their inventory and safeguard their revenue from the expanding threat of fraudulent online orders. According to the 2011 CyberSource Online Fraud Report, more than one percent of all online transactions are potentially fraudulent orders which could equate to a significant impact on revenue and inventory. Fraudulent orders deplete inventory and force merchants to be hyper vigilant with their ordering processes – resulting in less product available and a hassle for customers. Additionally, most card-issuing banks will side with the consumer, whose card data was used in the transaction, and refund them. But the merchant will not receive compensation for loss of inventory or revenue.

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eCash Experts Intro New Credit Card Machine Thermal Paper

eCash Experts electronic payment provider announced its eC Thermal Paper product which provides businesses a way to build brand recognition by including custom advertising on the back of their credit card paper. T o produce complete lines of thermal paper rolls, conventional single ply, and carbon-less multi-ply paper rolls which provide a clear and legible transaction record every time with their custom message or offer on the back, the eC Thermal Paper is compatible with common transaction printers and all major OEM machines.Their program also allows for Merchant Service Providers to resell co-branded thermal paper solutions to their existing customers.

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INetU Achieves PCI Certification

INetU has announced that its exclusive “Gated Community Cloud” global business service has been certified PCI DSS compliant at its US and EU nodes. PCI compliant managed services are available immediately at INetU’s Allentown, Pa., Vienna, Va. and Amsterdam, Netherlands data center facilities. Because PCI DSS is a global standard, having PCI certified Cloud nodes at multiple locations becomes an important attribute for clients who conduct e-commerce on an international level, for those who require global disaster recovery, or both. INetU’s Gated Community Cloud service was evaluated and certified for PCI DSS 2.0 Level 1 compliance by Trustwave (www.trustwave.com).

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Clientis Zürcher Regionalbank Deploys Wincor Nixdorf

Clientis Zürcher Regionalbank opened a new branch at the highly frequented Zürich-Stadelhofen train station in November 2011 as part of its expansion. The bank equipped it completely with CINEO self-service systems from Wincor Nixdorf and installed cash recycling systems, automated teller safes and a coin deposit system. The new possibilities for cash handling offered by Wincor Nixdorf’s CINEO systems with their intelligent cash cassette were a key factor in persuading the bank to choose this self-service technology, as were Wincor Nixdorf’s security solutions.

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Clearstream Expands Global IT hosting

The Brazilian bank Banco Bradesco and BKCP Bank from Belgium will use Clearstream’s IT Hosting and Managed Services. Clearstream Services will run the IT infrastructure for the private banking application hub for Banco Bradesco outside the Americas, with supporting services provided by Real Solutions S.A. For BCKP Bank, the entire IT infrastructure will be supported by Clearstream Services, including the IT office infrastructure within the bank’s branches.

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TITUS Introduces New PCI-DSS Compliant Protection Software

TITUS email, documents, and SharePoint, announced the availability of a free limited version of “TITUS Aware.” Allowing organizations to prevent the accidental leakage of personally identifiable information, such as credit card and social security numbers, “TITUS Aware” complements an organization’s data loss prevention strategy and prevents email leaks of sensitive information by bringing user driven security to the desktop, where users are given the ability to remediate potential leaks before they happen. The “TITUS Aware” solution protects businesses from inadvertent data breaches by validating emails for policy violations before the email leaves the desktop.

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PayLife completes cards migration to SIX platform

SIX Card Solutions, part of SIX Group and a leading European payment processor, and PayLife cashless payments completed its migration of merchant-related systems and debit cards. The project began in April 2008 after PayLife decided to abandon its long-term proprietary processing platform and assigned SIX with the processing of its debit cards, ATMs and POS terminals. SIX and PayLife started a migration project that included extensive customisation to meet the specific requirements of Austrian cashless payments. SIX’s state-of-the-art acquiring and issuing processing platform has been handling all payments made with Austrian Maestro debit cards and transactions conducted at PayLife POS terminals since October 2011. The phased migration spanned three and a half years and a total effort of 180 person years, highlighting the scale of the project. All cash withdrawals and related transactions through the Austrian ATM network (Bankomat), which includes approximately 7,600 cash machines, were already being processed by SIX since March 2011.

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NFC phones to hit 80mm in 2012

The number of NFC-enabled phones shipped in 2011 totaled 35 million globally while significant market events will drive that number to nearly 80 million by the end of 2012. This, according to a new report by IMS Research, is driven by such developments as the launch of Google Wallet in the US; the French Government funding NFC in France; Orange planning to sell 500,000 NFC-enabled cellular handsets in France by the end of 2011; and Orange UK and Barclaycard’s “Quick Tap” contactless payment solution.

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TSYS Releases White Paper on M-Payments and Prepaid Services

TSYS completed its ‘M-Payments and Prepaid Poised to Define Financial Institutions’ Delivery of Banking & Payment Services to Rural India’ white paper. Addressing key imperatives that will enable m-payments to fulfill their promise in India, the paper offers insights from TSYS-sponsored market research with Evalueserve, and explores how the untapped market opportunity of m-payments can act as both a significant market opportunity for financial institutions (FIs) and a great equalizer for consumers in rural India. It discusses the key market indicators highlighting the sea change underway in electronic payment transactions, specifically m-payments, such as the promise of frugal innovation as an alternative to expensive infrastructure investments and the high and rapidly rising mobile tele-density.

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Multicard Implements Neumann Fuel Card Program

Multicard credential solutions, identity management and system integration services implemented a new fuel card program for Neumann Petroleum. With this, Multicard has rolled out the payment system to 130 locations throughout Queensland and New South Wales, Australia. The credit-based fuel cards are used by long-distance trucking fleets and individual consumers alike and can be used to purchase fuel and other items.Customers will be able to apply for the fuel card online, and once an application is approved, a request is sent automatically from Neumann’s ERP system to the Multicard Bureau Service, where a customized transaction card is personalized for the new customer account and each nominated cardholder and mailed out by Multicard. All transactions are batch uploaded from the POS terminal to Multicard Manager.

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CardWeb Gives Carddata Publication Fresh New Look

Providing the most relevant and reliable figures in the payment industry, CardData, the CardFlash publication focused on payment industry statistics and trends, has been completely redesigned. Not only does the fully-redesigned site provide more extensive, useful and in-depth data, it does so with better looking graphics and images. Refinements are abundant, with a bright new…

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