Modest growth for data management technology projects is being projected for 2010. Though the credit crisis led to a decrease in data management technology and operations projects in 2009, the market is poised for growth. This is proven with capital markets firms recruiting technical staff with knowledge of data operations and vendor offerings, and industry efforts to improve operations and governance are progressing. This, according to Aite Research, also shows the main hurdle is convincing a cost-weary executive suite that these projects can truly deliver the business value suggested.Details
Gemalto has partnered with Texas Instruments Incorporated (TI) to enable Gemalto Mobile Financial Services on TI’s “OMAP” platform and “M-Shield” security technology for mobile devices. Gemalto’s Mobile Financial Services runs on TI’s OMAP platform trusted execution environment, which includes Trusted Logic’s Trusted Foundations(TM). This secure environment provides protection for financial based applications stored and used on leading smartphones built with the TI OMAP processor equipped with M-Shield(TM) security technology. Applications can be secured with strong two-factor authentication – verifying the user and the phone – which requires the user to enter securely a personal identification number (PIN) prior to gaining access to financial services applications.Details
TX-based Cardtronics non-bank ATM operator has proposed a secondary offering of 6 million shares of already outstanding common stock byCapStreet II, L.P., CapStreet Parallel II, L.P., and investment funds affiliated with TA Associates. The selling stockholders intend to grant the underwriters an option to purchase up to an additional 900,000 shares of common stock to cover over-allotments, if any. Cardtronics will not receive any of the proceeds from the secondary offering of shares of its common stock by the selling stockholders. The offering is being made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC). A prospectus supplement and accompanying prospectus describing the terms of the offering have been filed with the SEC and are available on its website at http://www.sec.gov.Details
RF IDeas has introduced its portable Card Analyzers for virtually all proximity and contactless smart cards. RF IDeas will demonstrate its “pcProx 125 kHz”
Card Analyzer as well as the “AIR ID 13.56 MHz” Card Analyzer at the ISC West show, March 24-26 in Las Vegas at its booth. The Card Analyzers are compatible
with nearly all computer OS and simply send the results as keystrokes to a text editor such as Microsoftâs Notepad.EXE. The Card Analyzers will be color
coded in translucent red and blue housings to distinguish them from each other as well as from RF IDeas standard card readers. The Analyzers will be sold as
a paired kit with full instructions and free technical support.IL based RF IDeas designs, develops, and manufactures card readers that support nearly every
proximity, contactless smart card and magnetic stripe card technology worldwide.
Telecom provide PAETEC has introduced its managed network “Intrusion
Detection and Prevention System.” “IDPS” utilizes deep-packet inspection
through a combination of a signature-based Intrusion Prevention Sensor
(IPS) and a centrally
monitored Intrusion Detection System (IDS). By combining the monitoring
and detecting components of IDS with the reactive, zero-hour components
of IPS, PAETECâs new offering represents one of the most robust
intrusion protection services available. If a potentially negative event
is detected, the intrusion prevention sensor and the event correlation
engine determine the threat level of the event and act accordingly
within a 99.9999% SLA guarding against false positives.
Furthermore, since IDPS resides within PAETECâs MPLS network, there is
no need for on-site equipment installation or upgrades and the product
protects all sites on the network. PAETEC offers a comprehensive suite
of IP, voice, data, and Internet services, as well as enterprise
communicationsmanagement software, network security solutions, CPE, and
Gemalto has expanded the activities of its Swedish personalization center to
include payment cards. It is expanding into the personalization of payment cards to locally
serve financial institutions, and also to deliver innovative e-banking
and e-ID applications with the same card. From this facility, Gemalto
provides extended services that aim at providing Swedish banks with a
VIP treatment such as picture card validation and printing, urgent
change-requests handling and new product introduction management.
The facility will be able to deliver new
value-added personalization services to financial institutions, in
Sweden and neighboring countries. The company also provides Internet-based production monitoring to its
customers. This value-added service consists of a highly secure web
interface that enables banks to monitor their card personalization process.
It provides full card traceability and real-time interaction with the
Gemalto personalization center to increase efficiency and responsiveness
in managing urgent customer requests. For example, banks are offered the
possibility to track a particular card or batch and get real-time
information regarding production status.
Citigroup credit cardholders can now select Citi’s “EazyPay” installment service when they purchase goods from BeliBarang.com, one of Indonesia’s leading online stores.
EazyPay for BeliBarang.com is the first in the market to offer the installment payment option for Citi credit cardholders. Citi is a leading global financial services company with approximately 200 million customer accounts and does business in more than 140 countries.
GuestLogix has launched OnTouch Concierge Everywhere. Passengers who register using an airline’s website, an airport kiosk, the in-flight entertainment system or the cabin crew’s point-of-sale (POS) handhelds from GuestLogix, will receive valuable destination-focused information and services, targeted by travel dates, to make the most of their trip, including their return home. The service is provisioned by SMS or web access using a mobile phone and in the future via concierge desks at popular hotels and airports.
OnTouch Concierge Everywhere works like a “hotel concierge on steroids”. It’s a simple and easy way to unique local information and the help needed to enjoy a trip to the fullest based on individual preferences. Travelers provide their mobile phone number to receive date-specific local information; airline communications and offers; recommended restaurants, transportation service providers, bars/clubs; and special offers and targeted promotions involving coupons. Customers can book tickets for shows, call a local taxi and secure a dinner reservation at a popular restaurant — all on the move at destination.
The unique mobile service generates income for the carrier by allowing passengers to directly purchase products and services and delivering highly targeted, mobile-based advertising through text messages, e-coupons and advertising links. Through deployment with a European travel tour operator, OnTouch Concierge Everywhere featuring an essential destination guide from Mobiletrails, UK has proven to be very successful both at developing ancillary revenues and increasing guest customer satisfaction levels. Within the coming months, trials of the service powered by Travel Buddy(TM) technology from Mobiletrails will begin with a number of U.S. airlines. The destination guide is supported by Mobiletrails’ researchers who continuously review and update local listings and recommendations. GuestLogix will be adding more functionality through partnerships to rapidly expand its concierge offering to include personal itinerary management, city navigation, travel reservations, and more.
PayPalX, Sun Microsystems, Cooley Godward Kronish, VentureBeat, OStatic,
Cloudbook, TechZulu, SemnaticSeed, and SSVNetwork are sponsoring a
special 1/2 day conference on Friday March 19 at the Sun Microsystems Campus in Menlo Park, CA., focused on
bringing together industry leaders to discuss
new approaches to obtaining funding for developers of applications.
Peer financing for developers has over fifteen speakers who will give a
roadmap of how to find the first $25,000 in financing; analyze available
alternatives to traditional funding and examine the future of peer
financing. Entrepreneurs, startups, developers, attorneys, investment professionals
and bankers will hear how funding is being revolutionized by new
technologies and new ideas.
Telecomm provider Elephant Talk Communications has completed the acquisition of card fraud solution provider ValidSoft.
Designed for both cross-border and domestic card present fraud, covering
both Point-of-Sale and ATM devices, VALid-POS works by correlating the
proximity of a customer’s cell phone to the location of the actual
transaction; anywhere in the world without tracking the individual, like
the way GPS based products perform. ValidSoft’s patent pending solution
not only reduces false-positive card declines (situations where
legitimate credit card transactions are denied) by as much as 95%, it
also detects fraudulent transactions in real-time. VALid-POS automated
solution is invisible to the card user and takes less than half a second
to advise the bank. Elephant Talk provides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enables them to fully provide telecom services as part of their business offerings.
PayPal has announced that China UnionPay (CUP) card members will be able to use PayPal to shop online. CUP card members will be able to use PayPal in the third quarter of 2010. This gives merchants the opportunity to spend the coming months preparing their Web stores for Chinese consumers, including adding Chinese translation and fast, cost effective shipping methods. China UnionPay is the national bankcard association in China. As the pivotal role of China’s bankcard industry, China UnionPay is responsible for operating unified inter-bank clearing and settlement system in China and developing the international acceptance network for CUP card. As of now, CUP card international acceptance network has been extended to 90 countries and regions. Over 10 of them, including Japan, Korea, Singapore, Russia, Mongolia etc, have issued CUP card.Details
Internet based gift card exchange Plastic Jungle has raised a total of
$7.4 million in its Series B financing. New investor Redpoint Ventures
led the round and previous investors Shasta Ventures, First Round
Capital and Bay Partners, as well as other existing investors also
participated. Following their Series A funding in 1Q/09, Plastic
Jungle assembled a
management team with deep experience in online marketplaces (eBay),
online payments (PayPal), and gift cards (Blackhawk Network). Plastic Jungle
will use the funding to bring liquidity to
the estimated $30 billion economy in unredeemed gift card cards for the
benefit of consumers, retailers and other e-commerce companies.
Plastic Jungle previously secured $6 million in Series A funding,
bringing its total equity funding to $13.4 million. The Series B
financing was completed at an increased valuation over the prior round,
which occurred in March 2009. Plastic Jungleâs exchange makes it easy
for consumers to get the most
value out of gift cards, allowing users to get cash for unwanted gift
cards for up to 92% of the unused balance and buy gift cards at up to a