Spartanics Makes Available 2011 Laser Die Guide

Plastic card manufacturers seeking comprehensive information on technology updates to combination laser cutting and rotary die cutters, interchangeable sheet-fed and roll-fed laser cutting systems, and bar-code enabled rapid changeovers with combinations of digital printers and digital die cutters are recommended to read the 2011 Edition of the SPARTANICS TECHNICAL GUIDE: HOW TO MATCH TODAY’S LASER CUTTING TECHNOLOGY TO APPLICATION REQUIREMENTS. This expanded edition includes reports on laser die cutting technology improvements since the Guide was first released in 2008 and enables readers to make a more informed assessment of how to find best match cutting technologies given the proliferation of versatile cutting options since this Laser Cutting Technical Guide was first released.

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Cintas and NFCC Issue Top 11 Tips for Protecting ID

The Federal Trade Commission estimates that more than 9 million Americans fall victim to identity fraud each year, to which Cintas Corporation and the National Foundation for Credit Counseling (NFCC) responded with its list of top 11 data protection tips to help consumers avoid identity theft in recognition to Data Privacy Day. The Companies’ top 11 tips to consumers for protecting personal information include shredding important documents; guarding their Social Security card; monitoring accounts online; keeping personal information private; imposing a “shred-all” policy at work; checking credit reports regularly; using unique passwords; practicing safe online habits, especially with social networking sites; protecting personal information while on vacation; explain cautions to children; and using a secure mailbox.

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Interchange Rule Structure Historically Bad

This latest piece of legislation being proposed upon banking is by no means “Dead-on-Arrival.” Yet, we suspect that it may face some pretty severe head winds when all the facts and balanced points of view come out between now and the end of the public comment period, April 21st. For example, Regulators seem to focus on banks costs alone as the driver of what banks may charge for Interchange is lost in 1980’s strategies, when “cost-based” pricing was in vogue. That appears to many to be out of touch with the realities of today’s commerce. Consumers today want choices, they want value. Savvy banks have been refocused on what we term “value based” pricing strategies, charging appropriate amounts based upon the set of value propositions that consumers demand, which banks supply, that goes far beyond costs as the sole or major component of pricing. The similar Australian experience clearly shows that if government mandates lower interchange, that does not mean the savings will automatically flow to consumers in lower costs at POS for their purchases. The unintended consequence of this latest proposed law: it actually reduces competition; consumers respond as anyone would, by doing what is in their best interest. If enacted into law as is, R.K. Hammer sees this legislation hitting the top line revenues for banks by over $15.2 Billion per year. In the R.K. Hammer model, that is $26.2 Billion every year in lost revenue from recent/proposed regs. RK Hammer is hopeful that sufficient compelling evidence will be presented in the next few months to the Federal Reserve which will warrant them to rethink this latest anti-competitive effort.

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TSYS Total Revenue Up $7mm, Q/Q

TSYS 4Q/10 total revenues were $440.0 million, an increase of 1.7% since the year ago, while basic EPS from continuing operations were $0.24, down $0.07. Full Year 2010 total revenues, meanwhile, were $1.7 billion, up 2.4% since the year ago period, while asic EPS from continuing operations were $1.00, down $0.12. TSYS’ 2011 guidance includes revenues before reimbursable growth of 3% – 5% and basic EPS from continuing operations growth of 9% – 11%. Organic revenue growth was 4.0% while same client issuer transactions increased 5.3% for the year.

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Western Union & InComm Launch Reloadable Cards

Western Union Company has partnered with InComm stored-value gift and prepaid cards to present the “Western Union MoneyWise Prepaid” General Purpose Reloadable prepaid card (GPR). This builds on Western Union’s global prepaid go-to-market strategy and complements its “GoCash” an in-lane money-transfer service through InComm. With this, Western Union will now offer the “MoneyWise Prepaid” card to consumers through grocery and convenience stores, pharmacies, and mass merchandiser locations. Users have the option to reload money in-person at any of the over 46,000 Western Union Agent locations; use direct deposit through an employer; load a Western Union Money Transfer transaction directly to the cards; and add funds online using a bank account. Issued by MetaBank, the Card is fee-friendly; can be used anywhere Visa and MasterCard Debit cards are accepted; and can be managed online.

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South Africa Transportation Deploys Clear2Pay Tools & Certification

Clear2Pay next generation payment solutions for financial institutions has signed an agreement with Techso South-African National Department of Transport (NDOT) to develop the functional test solutions for the public transport specific EMV contactless cards and payment terminals. Clear2Pay will also deploy a certification laboratory in Cape Town, enabling banks and third party vendors to locally qualify their cards and devices. This will support the strategic objectives of facilitating Automated Fare Collection (AFC) via bank issued contactless payment cards. Various initiatives are currently being deployed in South Africa with a minibus taxi project already underway in the North West Province and imminent rollouts of new Bus Rapid Transit (BRT) and other public transport services.

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VantageScore CEO to Sit on Federal Reserve Board

VantageScore Solutions President and CEO, Barrett Burns, has been named to the Federal Reserve Board Consumer Advisory Council. Bringing with him more than three decades of professional experience in risk and credit management, before VantageScore, Burns was the executive vice president heading the National Private Banking Group of U.S. Trust and a member of both U.S. Trust’s executive committee and the senior management team of its parent company, The Charles Schwab Corporation. He also served as executive vice president of Global Risk Management at Ford Motor Credit Company. He has also held senior positions at the consumer and commercial finance unit of Bank One and spent more than a decade with Citibank.

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Visa Shakes Stake in Prepaid Cards Issuer

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa has sold its 10% stake in a Brazil-based card issuer to Banco do Brasil and Bradesco to generate proceeds of $100 million, based on current exchange rates. Visa’s wholly-owned subsidiary Visa International will continue working with CBSS to offer prepaid cards and cards used to deliver government benefits in Brazil,…

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Ready Financial Deploys FIS mFinance Mobile App

Ready Financial Group has added FIS’ “Mobile Financial Services” application to enhance their prepaid account offerings, in addition to its “READYdebit” Visa Prepaid Card and the recently launched FIS “READYdebit”-branded iPhone and Android application. The prepaid debit cards can be used globally anywhere Visa debit cards are accepted, including ATMs, to offer a traditional checking account debit card and bill pay without the worry of possible overdraft fees. Ready Financial Group currently utilizes FIS’ prepaid alerts which provide SMS messages alerting customers when funds are loaded or removed and, with the addition of FIS’ Mobile Financial Services application, can let its “READYdebit” Visa account holders perform financial transactions via their mobile phones. All card-related data handling is also PCI compliant.

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MOBEY FORUM

Bank of America, BNP Paribas and PostFinance have join officially joined the Mobey Forum not-for-profit organization for a sustainable and prosperous mobile financial services ecosystem. This was announced at the first meeting the Forum held for 2011, for which participating organizations can actively engage in the work of the association to accelerate the mass market deployment of mobile financial services. Specifically, Bank of America, BNP Paribas and PostFinance will contribute to dedicated task forces, workgroups and member meetings. Other participating members include banks, financial institutions, mobile network operators, mobile handset manufacturers, payment processors and vendors.

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nuBridges & Semafone Tokenize Call Center Fraud Prevention

nuBridges announced that it is partnering with Semafone to deliver new data protection solutions for call centers . Semafone’s payment security technology protects credit card numbers taken by telephone to combat call center fraud while nuBridges “Protect” Token Manager encrypts the data. Together, the partnership improves cardholder protection and takes order entry systems and other applications out of scope for the PCI-DSS compliance and audits. This is made possible with Semafone’s dual-tone multi-frequency (DTMF) technology, which allows customers to enter and masks credit card data via their telephone keypad instead of speaking it over the phone. Meanwhile, the nuBridges “Protect” Token Manager combines Format Preserving Tokenisation with strong local encryption, centralized encryption key management and logging in one platform-agnostic package.

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ControlCase Launches PCI DSS Scan Program

ControlCase launched its “Data Discovery” program directed at hotels to search for cardholder data in violation of PCI DSS requirements. Hotels can now download and license the ControlCase Data Discovery Scanner to scan for unencrypted PAN and other restricted authentication information (Track Data, CVV, CV2, etc) to eliminate the risk of data loss and exposure and PCI DSS non-compliance, for which ControlCase will refund the full licensing fee in the event that unencrypted PAN or other restricted data is not detected within the organizations’ environments. ControlCase integrates card data discovery within its PCI DSS certification methodology to reduce the risk of a data breaches and non-compliance with PCI DSS.

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