Fime Authorized for NFC Forum

Fime NFC solutions has achieved NFC Forum Authorization for its laboratories, allowing it to conduct tests that will confirm a device’s compliance to the NFC Forum’s technical specifications and attain certification from the industry body. In 2010 the NFC Forum – a global association which advances the use of NFC technology – launched a certification program to support industry interoperability and provide device behavior assurances within the marketplace. As an Authorized NFC Forum Laboratory, FIME can now work with device manufacturers to enable them to achieve industry certification for their products, which will allow them to use and display the N-Mark.

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INSIDE Secure Showcases Portfolio at CARTES in Asia 2011

INSIDE Secure semiconductor solutions for secure transactions and digital identity will be exhibiting at CARTES in Asia 2011 in Booth 3C24 at the AsiaWorld-Expo in Hong Kong on March 29 to 31. INSIDE will showcase its broad range of semiconductors and integrated solutions for secure transactions and digital identity applications, and will have technical and product experts available in the booth to discuss and demonstrate the versatility of these solutions during the three-day event. INSIDE and several of its partners are preparing a number of demonstrations to underscore INSIDE’s newly expanded array of solutions for secure transactions and e-ID applications. Highlights include INSIDE’s newest contact and contactless smart card processor and smart card reader solutions, the new family of VaultIC turnkey security modules and the new SecuRead system-in-package NFC solution.

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Deposit Automation Market Booming

The world is experiencing a boom in deposit automation in the 46 largest world markets for technology. Record numbers of new automated deposit terminals (ADTs) were deployed in 2008 and 2009 – during the height of the global financial crisis. However, many financial institutions now consider deposit automation the technological advantage they cannot do without, partly due to a strong financial business case and partly because it has a tangible positive impact on the customer experience. These findings, according to Retail Banking Research’s “Deposit Automation and Recycling 2010,” indicate total of 464,000 ADTs had been installed worldwide by the end of 2009, a figure that has increased by 44% since 2007. This phenomenal growth rate significantly outpaced that of non-deposit ATMs, which grew by just 12% during the same period, and has helped sustain the major ATM manufacturers during this difficult period. Additionally, as more banks worldwide roll out automated deposit terminals, the technology is becoming increasingly important, for which RBR expects the number of ADTs worldwide to triple by 2020, to reach 1.4 million.

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Monext Call Center Achieves PCI DSS Certification

Monext has cut the ribbon on its PCI DSS certified call center, only the fifth in Europe. This certification guarantees highly secure handling of the 150 banking institutions who outsource their call centre services (electronic banking services contact centre – issuers and traders) to Monext. This multilingual call centre hosts close to 200 telephone advisors and manages a call volume in excess of 4 million per year, 24 hours a day, 7 days a week. It meets the international requirements of the PCI Council organisation, composed of credit card networks (MasterCard, Amex, VISA, etc.). It aims at issuing standards in order to secure the storage and handling of card issuer data.

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Destiny Solutions Achieves PCI PA-DSS V2.0 Compliance

Destiny Solutions’ “Destiny OneCE” has achieved PCI PA-DSS Version 2.0 compliance. The “Destiny OneCE” platform is designed by Certified Information Security System Professionals (CISSP), software developers and business analysts who are seasoned experts in developing secure software. Campus-wide, Destiny OneCE constantly safeguards valuable data by offering a powerful set of security certifications and standards that are industry respected. In conjunction with the PCI PA-DSS standard, Destiny OneCE is developed to protect against security threats as defined by the Open Web Application Security Project (OWASP.) Destiny OneCE software dynamically generates and strictly enforces best practices-based business rules and processes, ensuring proper separation of duties, while adhering to organizational structure, rules, roles and security policies.

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G&D Presents at mPayment and Security at CARTES in Asia

Giesecke & Devrient (G&D) will be showcasing its latest innovations in mobile security at CARTES in Asia, the international trade show being hosted by Hong Kong from March 29 to 31, 2011. The company’s end-to-end mobile payment solutions include hardware, server software, and related services. The spotlight at the fair will be focused on the topics of NFC Payment and Transit, Secure Online Banking, Online Data Management, White Label Payment, Machine-to-Machine (M2M) Networking, and Subscriber Experience Management. G&D’s solutions address the needs not only of banks and mobile network operators but also of public transportation providers, private companies and OEMs, and public authorities and governments. At the exhibition, G&D will be presenting an extensive range of digital security solutions and smart technologies for mobile applications.

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Panini Adds Ultraviolet Scanning for Check Scans

Panini global payments processing technology has added ultraviolet (UV) light scanning capabilities to its “Vision X” check scanning platform. The new UV scanning capability will be available as an optional feature on the Panini Vision X, allowing banks to assess item authenticity during the cheque truncation process. India’s new Cheque Truncation Standards, established by the Reserve Bank of India, include various security features to ensure uniformity across all banks in the country by providing a standard for the examination of checks in an image-based processing environment. A key security feature introduced by the new standards is the inclusion of ultraviolet logos on all paper cheques; bank logos will be printed using UV ink, visible only under UV light. When using the new UV detection feature, the Panini Vision X will scan the front cheque image with UV light, enabling the necessary fraud detection procedures, while simultaneously capturing the greyscale or binary image required for cheque truncation.

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SafeNet Expands Data Protection Market

SafeNet information security will continue to expand into the Russian Data Protection market, offering customers security solutions for eGovernment Public Key Infrastructure (PKI) and PCI DSS. Providing authentication solutions, SafeNet has reinforced and accelerated its business growth and development across the Russian enterprise data protection market. The company is introducing its entire Data Protection portfolio, including database and application security, disk and file encryption, centralized key management, network and WAN security, and content security, as well as the highly recognised eToken two-factor authentication product range to secure sensitive data. As part of SafeNet’s ongoing development, it has recently appointed the Russian organizations listed below as strategic distribution partners, providing customers with local sales and technical support.

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Outstanding Revolving Credit Free-Fall Continues, Down 6.4% Y/Y

The Federal Reserve released findings showing January 2011 revolving credit saw an annual drop of 6.4%, compared to November and December which saw 5.6% decrease and a 3% increase, respectively. This corresponds with all four quarters in 2010, all posting plummeting consumer revolving credit. The 2010 quarters sequentially dropped outstanding revolving credit 11.6% to start…

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Chase Evolves AARP Visa With Rewards Flexibility

Chase Card Services from Chase has enhanced its “AARP Visa Card” from Chase, which is endorsed by AARP, allowing cardholders to earn cash back rewards and combat senior hunger in America with every purchase. The new card lets users earn unlimited rewards, earning 3% cash back on every eligible travel-related purchase and 1% cash back on all other purchases and to chose from such redemption options as cash, gift cards, statement credits, AARP Foundation donations, and an annual AARP membership. The Card also provides added protections from price, purchase, return, and extended warranty, giving the added confidence that they are shopping smarter and will be satisfied with their credit card purchases.

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Digital River Patents Global Payment Technology

Digital River global e-commerce solutions has been issued U.S. Patent No. 7,881,972, “Electronic Commerce System and Method for Detecting Fraud,” by the U.S. Patent and Trademark Office. Describing fraud detection technology specifically for purchase order transactions processed by online stores, the new solution joins the ranks of Digital River’s “Transaction Defender” service, capable of linking risks from independent data gathered from global online transactions for digital and physical product purchases. The new technology continually scans data points delivered from more than 150,000 Digital River hosted global online stores to reveal new risk patterns and trends in real-time and quickly identify and stop fraud attacks through one central action.

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Nine Credit Unions Select Fiserv for Account Processing

Nine credit unions have selected account processing platforms from Fiserv along with a wide range of value-added capabilities for online and mobile banking, person-to-person payments, electronic statements and loan origination. These recent addition to the Fiserv client list includes the Connects Federal Credit Union in Richmond, Va., which invested in the “Portico” account processing platform and selected the “AccountCreate” for online account opening; “CheckFree RXP” for online bill payment; “Loancierge” for loan origination; “Mobile Money” for mobile banking; “Wisdom” for asset liability management and “5300 Call Report” preparation; and “ZashPay” for electronic person-to-person payments. Also Clinchfield Federal Credit Union in Erwin, Tenn., chose the “Portico” platform; Healthcare Plus Federal Credit Union in Aberdeen, S.D., selected the “OnCU” account processing platform; the Miami Federal Credit Union in Miami, Fla., chose the “Portico” platform; The Greater Norwalk Area Credit Union in Norwalk, Conn., will install the “CUSATM” account processing platform; the Avanti Federal Credit Union in Watertown, S.D., chose the “OnCU” platform and “Virtual Branch” to serve its members; the Local 170 Teamsters Federal Credit Union in Worcester, Mass., selected the “CUSA” account processing solution; the First Choice Credit Union in Lawrence, Mass., selected the “OnCU” platform; and the USDA Credit Union in Des Moines, Iowa, will also implement “OnCU” as well as “Virtual Branch.”

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