eLayaway Integrates 3DCart in Software Release

eLayaway patent pending layaway payment processor expanded its relationship with 3DCart cart software provider to offer their more than 10,000 merchant clients on-demand access to the eLayaway merchant network. 3DCart’s release of its “Version 4” software provides new features and enhancements, coupled with the pre-integration of eLayaway as an alternative payment to Paypal, Google Checkout and other methods makes 3DCart and eLayaway a great choice for business owners looking to improve their operations and expand their markets. eLayaway.com also owns and operates eLayawaySports.com, eLayawayTravel.com and eLayawayHealth.com and was founded in 2005 while 3DCart is a complete eCommerce software solution for merchants to build, promote and grow their online business.

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Liaison Supports New PCI DSS Tokenization Guidelines

Liaison Technologies announced its full support for the new PCI DSS Tokenization Guidelines Information Supplement, just released by the PCI Security Standards Council. The PCI DSS Tokenization Guidelines provide merchants with greater clarity on how tokenization relates to PCI Security Standards and impacts PCI DSS compliance. Over the past several years, retailers and other organizations that accept and process credit cards have embraced tokenization to reduce the risk of a data breach and lower the cost of PCI DSS compliance.

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National Semiconductor Simplifies Smart Transmitter

National Semiconductor introduced a 16-bit digital-to-analog converter (DAC) featuring a single-wire interface and 4-to-20 mA current loop drive that simplifies the design of smart transmitters used in industrial two-wire sensor systems. The highly integrated DAC161P997 reduces component count and cost in factory and building automation control systems by enabling the use of a single isolation component to cross the isolation boundary. For sensing and detecting applications where galvanic isolation is not required, National’s DAC161P997 interfaces directly to a microcontroller. It has a single-wire interface: enables higher system accuracy compared to discrete PWM implementations, and lower system cost compared to 4-wire SPI solution; Low power operation: 190 uA enables total system power consumption below 30 mW or 3.5 mA; and a user-programmable start up and data rate auto detect.

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RDM Gets Approval of Normal Course Issuer Bid

RDM Corporation specialized software and hardware products for electronic payment processing announced its Notice of Intention to make a Normal Course Issuer Bid has been accepted by the Toronto Stock Exchange. Pursuant to the Bid, RDM may purchase up to 1,059,736 common shares, representing 5 per cent of the issued and outstanding common shares as of July 31, 2011. The purchases may commence on August 16, 2011 and will terminate on August 15, 2012, or on such earlier date that RDM completes its permitted purchases pursuant to the Notice or provides notice of termination of the Bid. All purchases will be made through the facilities of the TSX at prevailing market prices in accordance with regulatory requirements. Subject to any block purchases made in accordance with TSX rules, RDM will be subject to a daily repurchase restriction of 2,738 common shares. RDM will cancel any common shares purchased pursuant to the normal course issuer bid.

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ActivIdentity Weighs Differences in Tokenization

ActivIdentity, a global leader in secure identity solutions which recently acquired by HID Global, is indicating high profile attacks have raised questions as to whether OTP tokens are fundamentally flawed. The variations in token algorithm differ in the way they display the ever changing number, subsequently influencing both the way we use them and their security. OTP algorithms normally are based on a static key (per device) and to make the numbers (OTPs) change use variable called ‘moving factors’, often time, event or both. Other OTP algorithms use both time and counter and hence really combine the best of properties of both time and counter based tokens, making them more difficult to phish and harder to predict.

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VIVA & Transfer To Partner to Offer Intl. Remittance

Kuwait Telecommunications Company VIVA partnered with TransferTo International Airtime Transfer services, allowing prepaid customers to send credit to recipients abroad. VIVA customers can stay connected with friends and family by sending prepaid credit to the overseas prepaid account in any country offered under the service. VIVA continually seeks to offer customers innovative ways to communicate, and strives to reach each customer’s needs by focusing on promotions and deals that are affordable and most beneficial. Payment is deducted once it is accepted while transactions are limited to 100 transactions per month, KD 100 per day and KD 200 per month.

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European ATM Security Team expands representation

The Romanian Banking Association (RBA) has joined the European ATM Security Team (East) as the national representative member for the Country. The RBA non-profit professional body was formed by 14 commercial banks to facilitate communication and the sharing of experiences and best practice across the banking system. There are now 40 RBA members, for which the RBA represents and defend its members’ interests, promotes principles of banking policy in domains of general interest for its members, promotes cooperation among banks and with national and international institutions and banking associations from other countries and trains experts in the banking system to communicate with the mass media.

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Barclays offers free data back-ups after riots

Barclays is making its “I-Sure” online data backup service free for all UK businesses signing up in the next three months, whether or not they are Barclays customers. Commonly cited industry statistics show that over half of businesses shut down within six months of a disaster, such as losing all of their data through fire. But “I-Sure” lets businesses save sensitive data in a remote and secure location, providing customers with the confidence that all their business critical data, such as accounts, stock information and customer contact details, is securely encrypted and immediately available online.

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U.S. Retail Credit Card ABS Use Momentum

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] For U.S. retail credit card ABS, all major collateral metrics posted month-over-month improvements during the June collection period. Late payments more than 60 days fell for the fifth consecutive month while chargeoffs decreased again and reached levels not seen since the end of 2008; late stage delinquent balances, associated with borrowers…

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Visa Implements EMV Chips to Cards

Visa payment processing will be taking steps to increase the mobile credit card security as it continues its push for a prominent place in the mobile payments market. Visa will be adopting dual interface chip technology in the United States which will help build the necessary groundwork for the mobile payment network. Cards that feature the new technology will feature an EMV chip with a gold chip on the front of the card, which will contain information that is specific to the EMV chip. The cards work on a dynamic authentication system so that even if hackers steal and compromise the mobile payment data, they won’t be able to use counterfeit cards at a point of sale.

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Liaison Protect Successfully Completes PA-DSS Audit

Liaison Technologies cloud-based integration, data management and data security services and solutions announced its “Liaison Protect” Format Preserving Tokenization and key management solutions has passed a PA-DSS audit, underscoring Liaison’s continuing leadership in data security. The Liaison products are among the few non-payment application tokenization solutions to go through a PA-DSS audit to prove their high level of security. Verizon completed all PA-DSS validations and determined that Liaison Protect Token Manager and Liaison Protect Key Manager have achieved full validation with the Payment Application Data Security Standard.

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