VERIFYSMART VERIFICATION

Offering a better alternative to Chip and PIN security, VerifySmart’s
latest security solution protects lost or stolen cards from identity
theft and cloned cards. In doing so, transactions control is always in
the hands of the card owner, thanks to authentication segregating the
verification and PIN process from the physical card or transaction
medium for two-part authentication. This authentication requires a
second source for a complete transaction but prevents it from being
forged. The VerifySmart credit and debit card fraud detection and
prevention technology is patent and patent-pending in 29 countries
ranked by strategic importance and wireless penetration rates.
VerifySmart’s debit and credit card processing transmits a payment
card’s debit signal to the bank through the card holder’s mobile phone
by VerifySmart, to which a cell phone message relays a transaction is in
progress. To validate the transaction, the card holder need enters his
unique PIN number for authorization or refusal.

Details

Dynamic Card Solutions Adds a New Exec

CO-based instant card issuer Dynamic Card Solutions has hired Guy Berg,
previously with Collis America, as
director of advanced payment technologies. Berg is considered an
industry expert in EMV, contactless
cards, mobile NFC payments and the electronic payment ecosystem. Before
joining DCS, he was the president of Collis America, where he provided
EMV implementation consulting and compliance tools for EMV cards,
terminals and authorization host systems. Berg has worked with almost
every aspect of the
payment ecosystem including point of sale (POS) application development
and terminal design, merchant acquiring and card management systems, and
new account fraud prevention products. In addition, he has worked on EMV
migration projects globally over the past 10 years and most recently was
involved with NFC mobile payments. Berg has also contributed to early
GlobalPlatform specification development, Smart Card Alliance card
industry white papers, and speaks regularly at conferences on EMV migration.

Details

GUESTLOGIX POS

At its annual user group conference in Toronto, GuestLogix inflight
retail solutions has unveiled support for its contactless payment
technology on its POS handhelds and retail transaction platforms.
Available in early 2010, this launch is thanks in part to the company’s
collaboration with payment associations to certify its new devices to
make it the first to market with universal onboard POS handhelds
supporting contactless standards such as Visa “payWave”, MasterCard
“PayPass”, American Express “ExpressPay” and Discover “Network Zip.”
GuestLogix will offer two POS handhelds with contactless support, which
will include advanced very compact and light readers that support all
layers of the ISO 14443 Type A & B communications scheme. Airlines will
be able to easily upgrade their existing onboard GuestLogix POS devices
with a simple plug-in procedure.

Details

Visa Launches FIFA World Cup Educational Video Game

A “FIFA World Cup” partner since 2007, Visa announced it will roll out its Financial Football game (known as Financial Soccer in the U.S.) in over 12 countries in the months leading up to the “2010 FIFA World Cup.” The game, which went live in Brazil on September 15th, is now available for U.S. players. Visa says the new “FIFA World Cup” branded educational video game is the centerpiece of a commitment to reach 20 million people worldwide with financial literacy information by May 1st, 2013. The new video game was announced at the “Clinton Global Initiative Conference.” Visa also rang the bell of the New York Stock Exchange today. Following the bell ringing, Visa hosted a Financial Football clinic with U.S. national team captain Landon Donovan of the Los Angeles Galaxy, World Cup veteran Brian McBride of the Chicago Fire and Mexican soccer legend Jorge Campos at Martin Luther King Jr. High School in Manhattan.

Details

CONSORTEUM DISCOUNTS

Consorteum Holdings has established an agreement with a third party
partner within the payment processing industry to offer Merchant
Discount Rates. The new partnership will offer competitive Merchant
Discount Rates and POS hardware to its new and existing client base. The
program further enhances its list of financial services available to
current and future clients and will generate new revenues from
transaction processing to ensure long-term revenue growth and
incremental residual income. Consorteum will continue to expand its
portfolio of financial services. Processors in North America process in
excess of 75 billion electronic payment transactions annually.

Details

First Data Hires Financial Services Exec & New CMO

First Data has hired Kevin Schultz, formerly global head of Visa Processing Services for Visa, as president of its Financial Services business segment. Also, John Elkins, formerly a senior advisor to McKinsey & Company, as chief marketing officer. Schultz responsibilies include Card Issuing, Debit Services, the STAR Network, Output Services, Government and Education Markets, and analytic and decision services products. Elkins will be responsible for global marketing and brand development. First Data also announced that Henry Kravis and Joe Forehand were appointed as new members to its board of directors.
Kravis is the co-founder, co-chairman and co-CEO of Kohlberg Kravis Roberts & Co. Forehand retired as chairman of Accenture in 2006 after more than 30 years with the firm.

Details

New Moon-Themed BK Crown Cards Offered

Burger King and Summit Entertainment have teamed to offer “The Twilight
Saga New Moon” collectable gift card.
A series of limited-edition “New Moon”-themed “BK Crown Cards” featuring
stars from the film are available for purchase at
BURGER KING restaurants and online at www.bkcrowncard.com. Once
acquired, these collectible gift cards, which have a $5 minimum limit,
can be loaded at BURGER KING® restaurants nationwide. These exclusive
items are just a glimpse of what will be offered in BURGER KING®
restaurants and are sure to be a hit with “Twilight” fans looking for
hot gifts this holiday season. More information will be revealed in
early November when the promotion launches in BURGER KING restaurants
nationwide.

Details

A Get-Out-of-Jail Prepaid Card is Unveiled in CA

A new prepaid debit card has been introduced in California that is issued to an inmate when he/she is released from jail. The “EZ Release Debit Card” is part of Continental Prison Systems’ “EZ Card & Kiosk” program that offers a variety of electronic payment services.
The “EZ Booking Kiosk” handles all of the paper money and coins during the booking process, which also allows the inmate to send up to three pre-written “EZ Text Messages” to friends, family and legal counsel, expediting and reducing the turn-around time for releasing inmates from the facility. The “EZ Money Load Kiosks” in the lobby area offers the convenience to friends and family when loading money into the inmate’s trust account, accepting cash, credit and/or debit card. The bail process can also be handled by this lobby kiosk, using cash, credit and/or debit card. Both “EZ Money Load” and “EZ Bail” can also be accessed via a secure remote website.

Details

NFCC and CBBB Joins for the Annual PYIW in Oct

A new survey shows that 45% of all U.S. adults would feel at most risk for identity theft when making a purchase with a credit card that requires the card to be temporarily taken out of their sight, for example, at a restaurant. By contrast, consumers are least fearful of falling victim to identity theft when using their credit card to make a purchase in person, for instance at a store. Only 21% of U.S. adults listed this as a concern, suggesting that consumers are comfortable as long as they can keep an eye on their card. In an effort to provide consumers with identity theft education and protection, the NFCC announced its second annual “National Protect Your Identity Week,” October 17-24. Joining the NFCC as a full partner this year is the Council of Better Business Bureaus.

Details

DEUTSCHE CARD

Deutsche Card Services is expanding its stationary POS card
payment solutions. In addition to the existing service of credit card
acceptance in stationary POS business, the subsidiary of Deutsche Bank,
will now directly offer payment terminals and the national card
payment methods girocard, direct debit and GeldKarte in the German
market. Deutsche Card Services is striving for a comprehensive POS solution not limited to the German market. Indeed, it will introduce these additional services in main Western European markets in the near future, thereby offering a unique service range in the POS and distance selling area. Clients will no longer face the complexity of individual national solutions with a number of different systems, terminals and service levels which currently prevail in Europe.

Details

DoD Honors First Data CEO

First Data Chairman and CEO Michael Capellas is the recipient of the “2009 Secretary
of Defense Employer Support Freedom Award”. The award is the highest recognition given by the U.S. Government to
employers for outstanding support shown to their employees who serve in
the National Guard and Reserve. Rob Lawrence, Director of Vendor
Relationship Management at First Data and Command Sgt. Maj. for the
Colorado National Guard, nominated First Data for its efforts to support
the National Guard and other military employees.
First Data offers a variety of benefits to employees and their families
during military deployment. Some of these include providing differential
pay between military pay and First Data salary and continuing family
medical and life insurance benefits.

Details

Verifi IP Intelligence is Beefed-Up

CA-based transaction risk management provider Verifi has enhanced its
“IP Intelligence”
solution which provides extensive IP geolocation information, a
a key indicator of transaction risk and credit card fraud.
Merchants now have the advantage of Verifi’s platform to implement fraud
screening checks for online transactions utilizing IP geolocation, proxy
detection and reputation data. With this robust intelligence, merchants
can create actionable rules to filter and flag high-risk transactions
for review. In concert with Verifi’s complete suite of tools, “IP
Intelligence”
provides merchants with a comprehensive set of real-time fraud checks
for online orders.

Details