Millennium Digital to Host 2011 Security Summit

Millennium Digital Technologies and Liquid Networx have partnered to host the first annual Secure Payments Summit on February 20-21, convening thought leaders on PCI to present the latest in cutting edge solutions. This is with the focus to mitigate the risks inherent to payment environments, for which it will address a review of the current cyber landscape; how the social media explosion impacts your business; fraud trends and best practices; how virtualization impacts security/compliance; legal aspects of information security; changes to the PCI DSS and PA DSS and how these changes will impact the merchant/acquirer relationship and more. Millennium Digital Technologies provides merchants PCI Compliance Solutions and is dedicated to making the process of becoming PCI compliant easy, giving clients access to on-site assistance from our network engineers and 24/7 available customer service.

Details

Bluepoint Record 2010 Fueled by mBanking Demand

Bluepoint Solutions RDC and item processing for financial institutions posted a 32% increase in the total number of new direct clients and an existing customer renewal rate of over 95% in 2010. The Company saw strong customer growth and retention numbers, plus expansion and further innovation within the company’s suite of technology solutions. With this, 24 credit unions implemented its “ImagePoint” item processing solution utilizing it to move item processing operations entirely in-house. In addition, its “QwikDeposit ToGo” is also being rapidly adopted thanks in great part to the dramatic increase in the use of smart phones and the subsequent consumer demand for mobile banking applications. Most recently, the New Mexico Educators FCU selected Bluepoint´s “ImagePoint” products for in-house item capture and processing. The Credit Union will implement Bluepoint’s no-cost transfer of its “ImagePoint Branch” and “QwikDeposit Home” software licenses so that both will now be supported directly by Bluepoint. The ImagePoint platform, including all points of capture, provides an enterprise-wide, paperless solution that automates the processing, archival and research of check images(Cardflash Library, 2011/01/06).

Details

Small Business DSS Survey Enlightening

With 86% of retailers concerned with keeping their customer card information secure and feel payment card data security is important to their business, 64% believe their business is not vulnerable to credit/debit card data theft and 60% are unaware of the costs they could incur in the event of a breach. Moreover, 66% claimed awareness of the PCI DSS while only 49% completed a self-assessment while 4% have fallen victim to data breach. However, 42% did not know that merchants are obligated to conduct the self-assessment annually and 41% had not heard of the recent change in regulations. This, according to the National Retail Federation and First Data research, also showed more than 60% of these smaller merchants did not realize that credit card companies are authorized to fine their business a per-card fee for every card that has to be canceled if it is determined that they are the source of a data breach. According to the 2009 U.S. Cost of a Data Breach Study by the Ponemon Institute, the average cost for merchants coping with a data breach in 2009 rose to $6.7 million with the cost per customer record breached estimated at $204. With this, 76% demonstrated restricting physical access to cardholder data and using anti-virus software were the two most frequently reported protection methods; 67% restricted access to cardholder data by business need to know; and 64% developed and maintained secure systems and applications.

Details

Gemalto, WAVE Systems, and Alpha Discuss Security Solutions

Addressing the necessity for security, Gemalto security discloses Online Banking and Online Authentication growth stems from the need to replace passwords with a stronger form of identification and authentication. WAVE Systems, meanwhile, announced that it has received $5.2 million in additional license and maintenance orders through its PC OEM partners on behalf of a U.S.-based automotive company. The orders hasten the deployment and increase the total value of the automaker’s software orders to $10.9 million, $6.7 million of which will be recorded as revenue over the next 12 months, $1.9 million of which was recorded as revenue in 2010 and $2.3 million of which is expected to be recognized as revenue in 2012 through 2014. Additionally, according to SecurityStockWatch.com, Alpha Technologies recently announced that it was recognized by noted international consulting and market research firm Frost & Sullivan for one of its highly-coveted Best Practices awards. Alpha joins the elite group of Frost & Sullivan award winners which this year includes such corporate luminaries as IBM, Hewlett Packard, SAP, Siemens and Verizon.

Details

Transaction Wireless Appoints New CEO

Doug Schneider has been appointed President and CEO with Transaction Wireless(TW) virtual and mobile gift cards. Bringing with him more than 20 years’ business experience to his new role, Schneider was most recently CEO of Genea where he transformed a legacy building control system integration business into a leading, software-as-a-service (SaaS) smart building company, after having served as president of the Small and Medium Enterprise (SME) Hosting Business Unit at publicly traded Verio. He graduated from the University of California, Davis, with a bachelor’s degree in mechanical engineering and received his MBA from the Kellogg School of Management at Northwestern University.

Details

NCR Expands Portfolio of App Testing

NCR Corporation is expanding its portfolio of application testing services to support self-service application and integration testing for ATMs, POS and other consumer self-service solutions. The new services include test assessment, test strategy/planning and test automation to complement existing services of lifecycle test execution and other forms of solution-specific testing. A variety of service delivery options are offered, depending upon the customer’s needs, from supplementing their existing resources to full outsourcing of testing operations. The new services will benefit from NCR’s global testing Center of Excellence.

Details

Ironkey Names New CEO

Arthur Wong has joined IronKey computing solutions as its CEO. This is part of its expanding leadership team to help extend the high levels of quarter-on-quarter growth currently being achieved by IronKey. Wong managed Symantec’s Security and Data Management Group and served as SVP. He also was the CEO and founder of Security Focus. IronKey provides essential security products for mobile and remote workers, focusing on protecting remote workers from the threats of data loss, compromise of passwords, and computers infected by malicious software and crimeware.

Details

SBI & bharti airtel Launch mBanking for Underbanked

Targeting India’s underbanked demographic, State Bank of India and bharti airtel telecommunications have forged a joint venture (JV) to make available banking services. With this, SBI and airtel will now offer a suite of banking services via both the mobile platform and a state-wide network of branches and retail distribution outlets. With the penetration of mobile teledensity standing at a strong 60%, the market possesses great potential for a collaboration that combines the strengths of both banking and telecom sectors, he adds.

Details

MasterCard and Gemalto Forge Replacement Agreement

Gemalto digital security is now MasterCard’s preferred emergency card replacement vendor worldwide. The service enables premium cardholders to receive their new card in 24 hours or less, even when on the move, anywhere in the world. Once notified of a lost or stolen card, MasterCard taps into Gemalto’s global network of certified banking service centers and provides the cardholder’s confidential information through a secured communication infrastructure. From the moment the order is received, Gemalto will take all necessary steps to supply a replacement card, even hand delivering in some cases.

Details

BBVA Deploys NCR Concept ATM

Banco Bilbao Vizcaya Argentaria and NCR have forged agreements to implement “ABIL” concept ATMs to provide customers faster, easier using its unique new interface. Complete with a touch screen display, which rotates 90 degrees for privacy, and intuitive interface, the ATM display to the user relevant service information in a clear way. A single slot on the “ABIL” machine accepts cash, checks and passbooks and distributes cash and receipts. Already with 20 functioning units in 2010, the bank is planning to install 200 more during 2011.

Details

AmEx Introduces Financial Understanding Tools

ZYNC from American Express launched its “The Quarterlife Project” to gauge attitudes and perceptions of 20-somethings about money. With this, it offers resources to help younger consumers take control of their finances. This is in response to AmEx research showing 96% of people in their 20’s are very concerned with making money; 79% feel overwhelmed by their current financial situation; and 57% are still financially dependent on their parents and other family members to help pay bills. Additional findings show 86% describe their current financial situation as “stressful”; 54% of Gen Y believe that most financial services are geared toward older age groups; 67% wish they had more tools and resources to increase their understanding and knowledge about financial issues and 66% want tools for money management.

Details

Sicap Partners With VivaCell For Loyalty Solution

Armenia-based VivaCell-MTS mobile operator has partnered with sicap to release its 3rd Generation Loyalty Platform. The Sicap “Loyalty Manager” constitutes a convergent platform for pre-paid and post-paid subscribers to offer bonus and points campaigns. The new tool features easy loyalty scheme design by marketing teams allowing VivaCell-MTS to adjust loyalty programs and introduce new ones within only a couple of days. The commitment to continuous implementation of world-class cutting-edge technologies is reinforcing the Company’s reputation as the number one operator in Armenia that delivers the best subscriber experience.

Details