Ground Labs Launches Cardholder Data Discovery

Ground Labs security and auditing software for PCI introduced native support for “FreeBSD” within its cardholder data discovery products for PCI compliance. Ground Labs’ “Card Recon” and “Enterprise Recon” previously supported only Windows, Linux, Solaris, AIX and HPUX. But “Card Recon” can now be used on “FreeBSD” systems to perform accurate cardholder data discovery scans while “Enterprise Recon” users will also benefit now that “Enterprise Recon Node Agents” can be deployed on remote “FreeBSD” systems within larger environments. This provides centralised monitoring and visibility of PCI compliant cardholder data storage practices.

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Micropross Launches Testing Tools for VHBR Contactless

Micropross has made available testing tools to support the latest VHBR (Very High Bit Rates) contactless technology for smart cards. Its latest generation of contactless testers is able to communicate and spy a VHBR communication, at speeds up to 6.8 Mbit/s (maximum bit rate specified according to ISO/IEC 14443 today is 848 kbit/s). Micropross used contactless high-security controllers of the semiconductor manufacturer Infineon Technologies to demonstrate the 6.8Mbit/s capabilities of its readers. Micropross specializes in supporting innovation in the smartcard industry with its test equipment.

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Broadridge Provides Bank Smart Fund Facts

Broadridge Financial Solutions has started a multi-year initiative to use its “Smart Fund Facts” solution for the automated creation of regulatory POS “Fund Facts” documents. The “Smart Fund Facts” solution will create Fund Facts documents for mutual funds through an automated document creation process, for which customized templates will be utilized to create black-lined and final version documents suitable for print, web-viewing and e-delivery. The “Smart Fund Facts” will be integrated into Broadridge’s Smart Prospectus service which will then provide an end-to-end fulfillment solution.

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Barclaycard acquires Egg Credit Card Folio

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Barclaycard plans to purchase Egg’s customer portfolio, which includes more than one million accounts with a credit value of GBP2.3bn, for which completion is expected by the end of June. Egg customers who carry the green Egg card, qualified for special rewards and interest rates prior to the buyout. Rewards such…

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Visa Responds to Japan Earthquake and Tsunami

Visa announced a commitment to help the people of Japan following the devastating earthquake and tsunami and will subsequently waive interchange fees on donations made through April 30, 2011 to a select group of major U.S.- and Canada-based charities that are providing support to relief efforts. In addition to its own charitable efforts, Visa designated the following fligible charities:

United States

American Red Cross
AmeriCares
Habitat for Humanity
Mercy Corps
Oxfam America
Save the Children
US Fund for UNICEF
World Vision
Canada

Canadian Red Cross
CARE Canada
Oxfam Canada
Oxfam-Quebec
Save the Children Canada
UNICEF Canada
World Vision Canada

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Unemployed & Bankrupt Correspond on Big Picture

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] As those unemployed dropped very marginally to 13.7 million, with a February rate of 8.9% from 9.0% in January, having fallen 0.9% since November 2010, consumer bankruptcy filings exploded 11% between January and February to stand at 102,686 for the month, an 8% decrease from the year ago figure of 111,693…

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Revolving Credit Down 6.4% Y/Y, Credit Scores…Down Too?

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Despite revolving credit having dropped 6.4% in January since the year ago period from $891.0 billion to sit at $795.5 billion, and average credit card debt having decreased 15% to $7,168 nationally, consumer credit scores are still hurting. With consumer credit debt having dropped consistently for nearly 2 and half years…

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Citi Official Sponsor of 2012 U.S. Olympics & Paralympics

Citi, the U.S. Olympic Committee (USOC) and NBC Olympics announced Citi has become an official sponsor of the 2012 U.S. Olympic and Paralympic Teams and the U.S. Olympic Committee. Citi is the official bank sponsor of the USOC through 2012. This is part of an innovative, new collaboration between NBC Olympics and the USOC, through which the organizations have brought forth an integrated marketing and media package to the Olympic Games. Citi’s agreement includes television and digital advertising, events and promotional opportunities.

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Credit.com Appoints Credit Expert to Team

Tom Quinn has been appointed to the Credit.com consumer education expert team, bringing with him more than 20 years’ experience with the likes of FICO, Experian and Citibank. He spent the last 15 years at FICO creating and delivering scoring educational initiatives and was later appointed to develop, launch and grow myFICO.com to give consumers direct access to their FICO scores. He was subsequently appointed VP of the division. For what is now FICO, he acted as Product Manager of the MDS Bankruptcy Scores and spent several years in Citibank’s Credit Card division.

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Fiserv Announces Client Conference

Fiserv financial services technology solutions has announced “Focus 2011,” its largest-ever client conference, to take place April 17-20 in Las Vegas. It will feature the nearly 2,000 Fiserv clients with new online and mobile banking and payments, customer loyalty and retention, risk and compliance, and the latest developments regarding the Durbin amendment. The “Focus 2011” conference unites Bank Solutions, Card Payments, Lending Solutions, Global Payments Solutions and the Connex Electronic Banking Services under one roof.

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Misys Plays the Field, Inks to Expand in US

Misys global application software has made a significant acquisition with Gandacar Consulting Limited (GCL) to enhance its Transaction Banking offering in the United States. Including the intellectual property, software and expertise behind the “ST-Pymnts,” “TradeWatch,” “OFAC” and “FinCEN” products, this development will provide a great opportunity for banks looking to improve their global footprint. GCL’s experience of US domestic payments, including FED and CHIPS (the Federal Reserve’s Fedwire funds transfer service and the Clearing House Interbank Payment Systems) complements Misys’ deep global knowledge of payments hubs and connectivity to SWIFT to significantly open up the US market to Misys.

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