Heartland Chief Security Officer Named Executive of the Year

John South, chief security officer at Heartland Payment Systems, has received the Information Security Executive Central 2011 Award from Tech Exec Networks (T.E.N.) national technology and information security executive networking organization. The ISE Central Awards recognize outstanding achievements in risk management, data asset protection, compliance and privacy and network security. South was honored for his work securing Heartland’s enterprise through risk management and mitigation initiatives, as well as his collaborative efforts to help other organizations in the financial services industry protect themselves from cybercriminals.

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First Data Shows Transaction Growth Steady

First Data Corporation released its “SpendTrend” analysis for the full month of April 2011 compared to April 2010. Tracking same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations, “SpendTrend” concluded year-over-year transaction and dollar volume growth held steady in April. Transaction growth was 6.7%, identical to March’s growth; dollar volume growth was 8.0% versus 8.1% in March; and year-over-year overall average tickets increased 1.3%, the same level as March. However, the impact of gasoline prices on overall average ticket growth increased in April. Excluding gasoline stations, average tickets were up only 0.5%, compared to 0.7% in March.

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National Restaurant Association Thanks Senate

The National Restaurant Association thanked Senate for its vote to protect critical debit-card swipe-fee reforms. “We are grateful to Senator Durbin for his leadership and to the bipartisan group of Senators who stood up for swipe-fee reform, small businesses and consumers to allow these important regulations to move forward,” said Scott DeFife, Executive Vice President of Policy and Government Affairs for the National Restaurant Association. “The Federal Reserve has spent nearly a year working on regulations to ensure that debit-card fees are in line with what it costs to process these transactions. The final rule is imminent and will represent intensive study and analysis. The restaurant industry relies on these common-sense reforms as we work to streamline costs and pass every bit of savings on to our guests.”

With only 54 of the 60 Senators needed to vote in favor, the Senate elected against the measure to postponed the implementation of reduced debit card interchange fees. Subsequently, the new fees are scheduled to take effect on July 21 as originally planned. The Fed has proposed capping the fee at a maximum of 12 cents per swipe, a blowing revenue loss for banks which charge about 44 cents per swipe (Cardflash Library, 6/9/11).

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Arise Virtual Business Achieves PCI-DSS 2.0 Certification

Arise Virtual Solutions virtual business services has received the highest security standard for processing customer transactions making it the first virtual business provider to achieve this distinction. Arise earned certified compliance with PCI-DSS version 2.0 as a Level 1 Service Provider. As an early adopter of PCI compliance six years ago and a PCI Security Standards Council member, Arise applies stringent processes and procedures to all client applications.

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EVO Partners with Trustwave to Offer PCI Compliance

EVO Merchant Services selected Trustwave to provide PCI DSS compliance validation solutions to its Level 4 merchants. Trustwave is a leading provider of information security and compliance solutions. EVO Merchant Services engaged Trustwave to provide its merchants access to TrustKeeper, its security and compliance web portal. The web portal supports merchants’ compliance efforts, including moving merchants through the complex compliance process with greater ease and efficiency by making the tasks achievable by non-technical users to facilitate PCI DSS compliance validation for merchants or acquirers. It features PCI Wizard, which simplifies the complex PCI DSS compliance process.

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Layered Technologies Achieves PCI 2.0 Compliance

Layered Technologies compliant hosting, managed dedicated hosting and on-demand virtualization/cloud computing services is now compliant with PCI DSS 2.0. Having provided PCI compliant hosting and managed services under the previous standards, Layered Tech has already supported clients who have successfully been assessed against the new PCI 2.0 requirements. The latest criteria include clarification, additional guidance and evolving requirements to address emerging threats and changes in the market. The compliant hosting solutions help enterprises adhere to the Payment Card Industry’s extensive data security standards by providing a comprehensive layer of secure management services ranging from PCI-compliant monitoring, vulnerability scans and change management processes to an advanced suite of network administration and server management services.

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Conexant introduces controller-based modem with SPI interface

Conexant Systems semiconductor solutions for imaging, audio, embedded modem and video surveillance applications, has introduced the “CX93040” controller-based modem that utilizes a SPI interface. The “CX93040 “is available as a V.32bis version, a V.34 version and a V.92 version. The “SmartModems” integrate a microcontroller, digital signal processor, memory and a SmartDAA interface onto a single die while the “CX93040” is well-suited to POS terminals and set-top-boxes where the modem is used as a back channel.

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Top Philippine banks Outsource ATMs to Wincor Nixdorf

Philippine National Bank (PNB), Allied Banking Corporation (ABC) and Allied Savings Bank (ASB) will enhance the standard of customer service at bank branches and offsite ATMs using real-time Managed Services from Wincor Nixdorf to give customers greater access to banking services through the ATM channel. The Managed Services solution implemented by Wincor Nixdorf has increased the availability of each of the banks’ ATMs through proactive and real-time monitoring with the end goal of allowing customers to perform critical, self-service transactions 24/7 with limited disruption. The Managed Services implementation began in February 2011 for the three banks, which have a total distribution network of approximately 635 branches and more than 750 ATMs in the Philippines.

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SelectCore Launches m-Remittance Solution

SelectCore prepaid telecom and financial solutions for the credit challenged and unbanked consumer market is making available its Free and Instant Money Transfer solution. The Company is now preparing to go to market with its technology by securing international merchant partnerships and deploying the service domestically throughout thousands of its existing retail locations. Delivered instantly to the recipient’s mobile device and funds are available for immediate use at their local merchant, the money transfer platform generates revenue for SelectCore based on transaction fees and margin earned from merchant redemptions.

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VISA & MASTERCARD FACILITATE IndusInd Bank POS acquiring

IndusInd Bank has signed an agreement with Atos Worldline India (Venture Infotek) for POS acquiring solutions. With this, Atos Worldline India will be setting up MasterCard and Visa PoS acquiring network for IndusInd Bank across India. Atos Worldline India will also help IndusInd Bank to establish a merchant establishment network. Atos Worldline India will help merchants to open accounts with IndusInd Bank. IndusInd Bank will promote PoS acquiring business amongst its existing customer base and newly acquired customers whereas Atos Worldline India will provide the necessary support to the merchants to encourage and improve usage of PoS terminals deployed at merchant establishments of IndusInd Bank.

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Visa Launches Real Time Remittance

Visa has made available its “Personal Payments” remittance platform, allowing UAE customers to send remittances in real time to anyone who has a Visa card, which can be a debit, prepaid, credit, platinum or any other card bearing the Visa logo. UAE Exchange and the Union Bank of the Philippines have just become the latest financial institutions in the world to adopt the service. Any money transfer to the Philippines using this service will now cost Dh25 per transaction and the funds deposited directly to the Visa card accounts can be used immediately at millions of merchant outlets or withdrawn from ATMs in the Philippines. Philippines-issued Visa debit and Visa prepaid cards issued by the Union Bank of the Philippines will receive funds in real time, giving recipients their money in minutes.

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Novo Technologies and Veritape Parnter, Intro PCI DSS Compliance Solutions

Novo Technologies flexible call recording solutions and Veritape recording company accredited as a PCI DSS Participating Organisation have forged their partnership. This will allow Novo to include CallGuard in its NovoPCI solution portfolio. This gives organizations access to a suite of high-performance solutions for PCI DSS compliance. CallGuard ensures that recorded telephone conversations are fully compliant with PCI DSS regulations. Compatible with any call recording system, the solution detects and blocks all “DTMF” tones (the sounds produced when keying in a number on a telephone keypad), thus preventing call center agents or order placement staff from having any exposure to credit card numbers during a phone transaction and ensures they aren’t stored.

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