CashStar Mobilizes Gift Cards

CashStar digital gifting and incentives has added mobile web Gift Card purchasing to its powerful digital gifting platform. Optimizing the e-gifting experience for mobile devices, this new functionality makes eGift Card purchasing quick and easy on most smartphones. This capability enables retailers to tap into incremental eGift Card sales from the fast-growing mobile shopper market. By extending its existing eGift Card capabilities to smartphones, CashStar now provides consumers with a simplified mobile gifting experience anywhere, anytime.

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Diebold Launches Anti-Skimming Bezel

Diebold is introducing a re-engineered bezel and the “Opteva BezelSentry Service” to prevent and detect skimming activity. Its re-engineered “Opteva ATM” hardware supports anti-skimming efforts with its bezel, incorporating geometric fascia alterations, making it more difficult for perpetrators to attach a skimmer to its surface and is designed to eliminate the market inventory of card skimmers. It features a removal switch that will send an alarm to the alarm system notifying the financial institution of any attempt to remove the bezel. Also, “Opteva” offers interchangeable bezel service, delivering pre-scheduled or emergency bezel changes to an individual ATM or an entire fleet.

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A-lign Now Qualified Security Assessor

A-lign has achieved “Qualified Security Assessor” status, having met the rigorous requirements of the PCI SSC which included demonstrating that their professionals have the skills and experience to conduct assessments to validate companies’ compliance with the PCI Data Security Standards (“PCI DSS”). As a QSA Company, A-lign extends its capabilities to assist clients with their information security and compliance needs. A-lign Security and Compliance Services (ASCS) is a professional services company and registered QSA company, focused on clients’ information security and compliance needs, such as PCI standards.

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Gift Card Performance to Explode

Ceridian Stored Value Solutions highlights optimistic expectations for gift card sales throughout the upcoming winter holidays. The SVS’ sales portfolio reflects sustained growth for the first three quarters of the year, with the number of first time card loads up 13 percent, and dollar value of first time card loads up over 17 percent, for January 1 – October 30, 2011 v. 2010. Retail buying patterns illustrate shoppers continuing to flock to gift cards for their flexibility, while businesses embrace them as a means to increase sales. Specifically, 60% say Gift Cards are the #1 item they plan to give this year; Consumers spend 80-90% more than the face value of gift cards; and 15% of U.S. corporations have annual Incentive Gift Card budgets of more than $100K

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East Carolina Bank Implements IronKey secure browsing

East Carolina Bank is securing its ACH, wire transfers and online banking offerings with the IronKey “Trusted Access” portable USB form factor as a downloadable software application. IronKey allows the bank to meet and exceed new Federal Financial Institutions Examinations Council (FFIEC) guidance to reduce the risk of online banking fraud. The “Trusted Access” solution assures customers they are accessing an authentic site and that their transactions are not being monitored or tampered with by criminals. It also meets NACHA and FBI recommendations for safe online banking by providing a dedicated, isolated and secure browser environment.

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Fico Launches Model Regulator

Fico analytics and decision management made available its “Model Central Solution” comprehensive offering to help banks and other organizations, including insurance, retail and health care companies, maximize the power of their predictive models and meet stricter regulations for model management. Its “Model Central Solution” provides an environment for managing predictive models in a reliable, automated and integrated way. It presents a management dashboard of overall model health, alerting personnel to performance degradation so they can take action before business decisions are impacted. It also creates a standardized process for easy management and monitoring of models, which can number in the thousands for large lenders, and deploys new models quickly and efficiently – up to 50 percent faster – for improved time to value and return on investment.

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USA Tech to Maintain Payment Card Rate Structure

USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve small-ticket retail industries is not increasing its credit and debit processing rates to its customers and will continue to accept Visa- branded debit and pre-paid cards in addition to all major credit cards, including Visa, MasterCard, Discover and American Express at its current processing rates. This is in response to MasterCard and Visa having increased regulated debit card interchange fees to the U.S. Federal Reserve regulated cap of .05% plus $0.22 per transaction as precipitated by the Durbin Amendment, a step that disproportionately impacts merchants who sell products or services for less than approximately eleven dollars per transaction.

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Chase Paymentech Maximizes Shopping Cart Conversion

Chase Paymentech research concluded the key to maximizing online shopping cart conversion rates is keeping it simple for the customer. Chase Paymentech’s research indicates that there are 3 main inhibitors to successful cart conversion. They include the the need to visit another site to gain payment authorization can be frustrating; making customers re-key card details because they’re out-of-date is time consuming and tiresome – ensuring customer card information is automatically updated will prevent this; and too many steps between item selection and payment. In response, Chase Paymentech offers a number payment tools and services to help the online retailer resolve these issues? Account Updater and Authorization Recycling, and Tokenization, are a set of solutions available to Chase Paymentech merchants that support successful customer path from browsing, through selection, to completed transaction. The “Account Updater” addresses the problem of stored card information becoming out-of-date, requiring the merchant having to request updated card details from their customer.

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Easy Solutions Certified Qualified Security Assessor

Having demonstrated the highest levels of quality and professionalism required to assess compliance to the PCI Data Security Standard (DSS), Easy Solutions fraud detection and prevention has been designated as a Qualified Security Assessor (QSA) by the PCI Security Standards Council. As a QSA Company, Easy Solutions is now certified to help merchants manage data security risks, evaluate the security of their payment data storing systems, and achieve compliance with the PCI DSS.

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Oberthur Launches Anti-SmartCard Cloning

Oberthur Technologies security and identification solutions and services based on smart card technologies launched its PUF technology in smart cards, in collaboration with Intrinsic-ID. PUFs arean important new security primitive and provide embedded systems with silicon biometry. Secret and personal data do no longer need to be stored in Non Volatile Memory but can be rebuilt, when needed, from an electronic unique property of the silicon. In such a way, PUF enforces the anticloning mechanisms of embedded systems and banking, identity or transport applications are natural targets for this technology.

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German Technical Relief Agency Tests Citi Cashless

The Technical Relief Agency of the German government started a pilot project in the area of procurement with Citigroup Global Transaction Services to increase the efficiency of the federal agency’s payment mechanisms. With this, procurement cards were issued to local relief workers in Solingen and Koblenz. These cards enable the THW staff to purchase at local THW providers without using cash. The project will start with 50 cards that have been issued to selected THW staff at the agency’s relevant local branches. The THW plans to maximize the number of cashless local purchases over the medium term. Payment via a procurement card enables the agency to record purchases automatically and centrally analyze them.

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Point International Joins Secure POS Vendor Alliance

Point International electronic payment services joined the Secure POS Vendor Alliance (SPVA). SPVA fosters widespread compliance of existing security standards to protect cardholder information and defend merchants and acquirers against security breaches. Since its inception, the non-profit organization has united industry experts and attracted almost 20 leading payment companies that seek to have a voice within the world of secure payments. SPVA membership is open to vendors that develop secure POS payment systems or have products or solutions that interact with secure POS payment devices such as retailers, acquirers and banks.

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