Serverside granted Payment Card Customization patents

Serverside Group card customization has been granted two further patents by the Australian Patent Office regarding core payment card customization technology. This comes after the grant of two patents in the United States and the unamended confirmation of a further patent by the European Patent Office following opposition proceedings. The granting of the Australian patents also follows the recent commencement by Serverside of a patent infringement suit in the United States District Court for the District of Delaware. Serverside’s complaint alleges that 15 parties are infringing its US patents relating to financial transaction card customization technology.

Details

GlobalPlatform launches card qualification process

GlobalPlatform members Barnes International, Collis, and Fime, test laboratories Fime and ICT Korea are the latest to achieve GlobalPlatform qualification. Along with the previously qualified test tool provider Galitt, and test laboratories Applus+ and RFI Global, these products and services can confirm a product’s compliance to GlobalPlatform’s latest version 1.0.1 of the UICC Configuration for the mobile services sector. The GlobalPlatform Compliance Program’s objective is to ensure an interoperable, sustainable and trusted end-to-end environment for managing applications on secure chip technology. A process framework, recently released and free to download from the GlobalPlatform website, provides an outline of the procedure to be undertaken by chip / card manufacturers in order to have a qualified product.

Details

Bank account and card fraud Grow 10% in 1H/11

Analysis of frauds recorded by Members of CIFAS indicates 111,504 confirmed frauds were recorded to the National Fraud Database by CIFAS Members in the first half of 2010; an increase of 10% compared with the second half of 2010. Additional findings show Identity frauds have remained at nearly one in two of all frauds recorded (46%), with a further 10% of frauds involving the illegal hijacking of a victim’s account, proving the continued value of personal and financial data to the modern financial criminal; Frauds involving the fraudulent misuse of an account or facility have risen to their highest levels since 2009, and account for a staggering 24% of all frauds; and plastic card accounts account for 38% of all account takeover cases. With this, 1H/11 saw an 10% fraud increase.

Details

Euronet Worldwide Posts 2Q/11 Revenue Up $35mm Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Euronet Worldwide electronic payments provider posted 2Q/11 revenues of $279.8 million, compared to $244.2 million for 2Q/10. Net income attributable to Euronet was $11.9 million, compared to a loss of $1.5 million in 2Q/10 while transactions totaled 503 million compared to the year ago period of 406 million, up 18% thanks…

Details

Datacard Group Announces Enhanced Card Delivery

Datacard Group secure ID and card personalization solutions enhanced its “MXD Card Delivery System” and “MXD Mailer Card Delivery System,” allowing card issuers to turn ordinary financial card carriers into multi-faceted promotional mailings. This lets them deliver one-to-one marketing messages, cross-sell products and services, issue coupons and certificates, and encourage immediate card activation. The new system turns blank white paper into personalized, full-color financial card carriers. Customized marketing messages and information”such as card activation steps or expanded terms and conditions”can be printed on-demand. The ability to go from bulk pre-printed paper to customized forms greatly reduces the need for financial card issuers to manage large supplies of pre-printed forms and build larger job sizes, dramatically reducing the operational complexities and cost.

Details

Pinnacle FCU & Elan Issue a VISA Credit Card Program

Pinnacle Federal Credit Union (FCU) is partnering with Elan Financial Services to provide credit card products and services to its nearly 24,000 members. This includes the purchase of the existing portfolio of approximately $13 million in balances and more than 5,000 accounts. Elan will also offer new accounts to members that currently don’t carry the Pinnacle FCU VISA® credit card. Elan has more than 40 years of experience as an agent credit card issuer with more than 1,700 partners, 400 of which are credit unions. The portfolio sale closed in June 2011 with a conversion to Elan’s processing systems anticipated within the next several months, for which terms will not be disclosed.

Details

Dell KACE Helps Retail Organizations Address PCI Standards

Dell KACE announced its Dell KACE family of systems management appliances are equipped to accelerate PCI standards for users. Several of Dell KACE’s retail customers have utilized its systems management technology to help increase security within their POS systems, traditionally one of the most vulnerable areas to credit card fraud. Systems management support is a critical piece to the security puzzle, and Dell KACE’s affordable systems management appliances help companies tackle compliance issues by providing critical tools and capabilities, such as automated patching, local and remote software distribution, and state-of-the-art reporting. Dell KACE’s appliances have helped hundreds of the world’s most recognized retail organizations build an infrastructure of security to help protect consumers’ privacy and information, thereby gaining trust and loyalty in their brands.

Details

The State Bank Deploys Fiserv Solutions

Fiserv financial services technology announced The State Bank has engaged Fiserv for its Revenue Expansion program to help it drive non-interest income, balance growth and enhance customer relationships. The State Bank in a proactive response to the current regulatory environment, engaged Fiserv for products and expertise to help it provide differentiated value for its current and prospective customers and to replace and grow revenue. Fiserv also provided Revenue Enhancement consulting for the retail and commercial operations of the bank, and has created an 18-month roadmap that aligned Revenue Expansion outcomes with the bank’s goals and objectives as well as the competitive market environment. Financial institutions may reward customers for their product relationships, balances, electronic statement delivery, mobile banking, bill payment, direct deposit, point of sale transactions and more. The reward may include bank-fulfilled benefits in addition to point rewards.

Details

ARBOR Introduces Slim m-POS Tablet

ARBOR has lunched the G1050 logistics POS tablet computer, powered by a 1.6GHz Atom Z530P processor. Featuring the low power consumption CPU and an internal 1880mAH battery plus a hot-swappable 2500mAH battery, the G1050 provides operating time up to 9 hours. The G1050 adopts 10.4″ TFT active matrix with resistive touch screen enhancing operating efficiency. Its seamless and chemical resistant designed panel also makes it easy to be cleaned. IP54-rated for anti-water and anti-dust along with vibration (3 Gms), shock (40G) and drop resistance (4 feet) design offers protection which keeps the system working stably as well as extends its service life.

Details

Consumers Made $72B More in Card Payments Than Purchases

TransUnion analysis found consumers made an estimated $72 billion more in payments on their credit cards than purchases between the first quarters of 2009 and 2010. This is in contrast to the belief that charge-offs (where creditors write off debt that they deem is uncollectable as a loss) were the primary driver of lower credit card balances. Just five years prior to the TransUnion analysis, consumers had made an estimated $2.1 billion more in purchases than payments. That constitutes a nearly $75 billion turnaround in consumer payment dynamics from 2004 to 2009. On a per-borrower basis between Q1 2009 and Q1 2010, average credit card debt in the U.S. declined more than $600 from $5,776 to $5,165. As of the first quarter of 2011, average credit card debt per borrower stood at $4,679, representing a 10-year low. Approximately 55% of consumers said they chose to use their debit card over their credit card more than half the time when making daily purchases. In fact, 47% of respondents said they did so more than three out of four times. Another 8% of respondents said they chose to use their debit card over credit card 51-75% of the time.

Details

Atmel Expands ARM926-based MCU Family

Atmel Corporation microcontroller and touch technology solutions, announced five new devices to the Atmel SAM9 ARM926-based family of microcontrollers (MCUs). The new SAM9 devices target applications in industrial and building control, HVAC, Point of Sale (POS) terminals, printers and medical devices, smart grid with data concentrators, human machine interfaces (HMI) and machine-to-machine (M2M) market segments. The new SAM9G15, SAM9G25, SAM9G35, SAM9X25, SAM9X35 devices expand Atmel’s existing ARM-based portfolio by supporting a range of key technology features required for applications. These key features include replacing SDRAM with DDR2 memory for more memory-intensive applications; NAND flash support with 24-bit ECC for reduced system cost; and more communication channels including dual 10/100 Ethernet, dual CAN and up to 3x USB ports for a variety of application requirements.

Details