Giesecke & Devrient, EXTENSION and TrustBearer Labs, has developed “EXTENSION Health Connect” a secure smart card-based solution for health care providers. “EXTENSION(R) Health Connect” provides highly secure, fast and accurate patient identification and information exchange. It securely links data, patients, and healthcare providers together in order to reduce administrative costs and improve the patient experience. EXTENSION(R) Health Connect uses G&D patient health cards to securely identify patients to hospital information systems. The card also holds a personal health record for each patient that can be securely accessed.Details
A new survey that paints a grim picture of the financial challenges facing the generation entering the workforce now. Conducted by Greenberg Quinlan Rosner and commissioned by Qvisory, an online
advocacy group that is helping young adults with their money, work and health concerns, the poll finds that young adults are feeling the effects of the economic downturn more acutely than other groups. Three in five say their personal economic condition is fair or poor. Most have the same or more debt than they had a year ago. Nearly one-third have paid a late fee on a credit card in the last year, 17% have fallen behind on mortgage payments and 18% have fallen behind on student loans. Two in five have skipped a meal to save money. Nearly one in five young adults are unemployed or looking for work. High debt and low savings puts them at particular risk when job losses occur.
A new report from from Frost & Sullivan= titled “Asia
Pacific Contactless Smart Card Market” reveals that the market earned
revenues of $769.4 million in 2008 and estimates this to reach $1356.0 million in 2014.
The ongoing issuance of projects such as e-passport and mass transit
ticketing will continue and applications will expand to include contactless and mobile
payments. Some other contactless applications that will insulate the market from
the downturn are upgrades and replacement cards. To ride out this unstable phase, market participants should promote
their product’s ability to create a more efficient and cost-saving system in the long
term, be it in the mass transit, government, or other industry. This benefit will be
even more apparent if there are multiple applications. At a time when participants
need to restrain spending, vendors should revisit successful business cases and
emphasize the long term cost savings and efficiency that resulted from them.
Hilton HHonors has teamed with Rewards Network to enable members to register their
credit and debit card for the Hilton HHonors Dining to earn points for each eligible dollar spent.
Once HHonors members register their credit or debit cards at
HiltonHHonors.com/dining, they automatically earn points when they use
that card to purchase a meal at more than 9,500
participating restaurants in the “Hilton HHonors Dining” program.
No additional membership card or fee is necessary and members can
register up to five credit or debit cards including American Express,
Discover, MasterCard, and Visa. HHonors points are automatically
added to a memberâs account when the registered credit card is used at
any participating restaurant. And when registering and using a Citi
Hilton HHonors Visa Signature Card or Hilton HHonors Platinum Credit
Card from American Express members can earn even more points for every
JustAskGemalto.com has become a trusted source of information answering
questions like, “What can I do if my mobile phone is stolen?” and “Are passwords safe?”
The most frequently viewed questions are related to the loss of one’s
mobile phone: “Lost my phone! What about my contacts?” and “What can I
do if my mobile phone is stolen?” Other popular topics are the security
of social networking sites, blogs and the growing use of e-commerce.
Visitors have shown particular interest in questions related to
passwords and when to safeguard access to personal or financial
information stored online: “Are passwords safe?” and “No one knows my
passwords. Why are passwords an identity theft risk?” JustAskGemalto.com features questions and answers by category
(Traveling, Communicating, Surfing, Personal Data, Buying and Working),
a monthly focus topic, digital security news and articles by industry
leading bloggers and experts, as well as 3D animations showing how
devices such as Wi-Fi routers work. More than 800,000 people have visited the site, which represents more
than 27,000 visits per day.
U.S. consumer sentiment rebounded significantly in April as
expectations soared due to the economic stimulus and related programs.
The trend reversed seven months of crumbling confidence that brought one
index to its lowest level in February. The RBC “CASH Index” (Consumer
Attitudes and Spending by Household) posted its first significant
improvement since September 2008. Overall consumer confidence advanced
30.1 points, bringing the RBC “CASH Index” to 38.3 in April, compared to
8.2 in March. Consumer sentiment was bolstered by a 58.3 point increase
in Americans’ expectations for the future. Americans’ attitudes about
current conditions and investing also increased in the past month, but
they continue to worry about jobs. The RBC “Current Conditions Index”
improved markedly in April to 35.8, compared to 14.8 in March. The RBC
“Investment Index” rose to a reading of 44.8, up 20.2 points from 24.6
in March. The RBC “Jobs Index” edged up 4.4 points in April to 45.2,
compared to 40.8 last month.
RBC CASH INDEX
Apr 08: 29.5
May 08: 39.0
Jun 08: 22.5
Jul 08: 14.6
Aug 08: 33.8
Sep 08: 69.2
Oct 08: 37.0
Nov 08: 34.7
Dec 08: 15.3
Jan 09: 13.3
Feb 09: 1.6
Mar 09: 8.2
Apr 09: 38.3
Source: RBC CASH
Sagem Securite and Printrak have joined forces to create “MorphoTrak” and will offer
biometric and identification management products and solutions to
Federal, state and local governments, and commercial markets.
“MorphoTrak’s” markets include law enforcement, border
control, civil identification, facility/IT security and access control.
MorphoTrak and its global parent, Sagem Securite, are providers of large fingerprint identification systems, facial and iris
recognition, as well as identification technologies such as smart cards,
secure travel documents, e-passports, and drivers’ licenses.
MasterCard’s St. Louis-based Global Technology and Operations has hired Antonio Ferri, previously with Dante Consulting, as group executive of Enterprise Architecture. Ferri will direct the MasterCard IT roadmap and oversee components of the software development lifecycle and continue the implementation of advanced processes to improve business and IT operations. Ferri comes to MasterCard GTO with nearly 30 years of experience in IT. He will manage and work with IT business partners, suppliers and vendors critical to the success of the MasterCard computing infrastructure. Ferri earlier served as chief development officer and chief enterprise architect at PriceWaterhouseCoopers with responsibility both for U.S. and European territories.Details
AIG has closed the sale of AIG Retail Bank
Public Company Limited and credit card operation, AIG Card
to Bank of Ayudhya Public Company Limited for
approximately $45 million, plus the repayment of
intra-group indebtedness of approximately $495 million.
AIG companies are providers of retirement services,
financial services and asset management around the world.
Payment processor Equens and the U.S. Federal Reserve Banks have signed an MOU to begin processing payments between the U.S. and Europe.
Starting in early 2010, both parties will offer banks a cost-efficient channel for processing cross-border payments in multiple currencies, including the US dollar and euro. Cross-border payments can be characterized by relatively low transaction volumes and high associated fixed costs. The strategic partnership between the Federal Reserve Banks and Equens is based on an increasing market demand for efficient processing of low-value cross-border payments on a global level. Both organizations are also members of the International Payments Framework and are a collaborative effort among public and private payment groups in Africa, Europe, North America and South America. The cross-border service offering will support banks in further reducing their processing cost base, and strengthen their competitive position in the market.
Visa has introduced the world’s first commercial Visa mobile payments service for POS using NFC technology. Maxis, Nokia and Maybank have teamed with Visa to offer “Visa payWave” on mobile devices. Maxis is the largest wireless carrier in Malaysia with more than 11 million subscribers, Nokia is the world’s leading handset manufacturer and Maybank is a top financial institution in Malaysia. Maybank Visa account holders can download their “Visa payWave” credit account details directly to their “Nokia 6212” classic handset over the Maxis wireless network. Once the account has been personalized on the phone, account holders can then begin to make purchases at any one of the 1,800 merchant outlets that currently accept “Visa payWave” in Malaysia. The contactless chip embedded in the device will also power a number of additional functions, including a contactless transit application that enables Malaysian commuters to pay for charges while using metropolitan transit systems, bus terminals, highway toll gates and car park facilities at more than 3,000 contactless payment touch points throughout Malaysia. Maxis has branded these mobile payment services under the name Maxis “FastTap.”Details
The Conference Board Leading Economic
Index decreased 5.4% and The Conference Board
Coincident Economic Index decreased 1.9% in February.
Four of the ten components that make up the LEI increased in February. The positive
contributors to the index include the new orders for machinery and
construction component, the (inverted) business failures, real money
supply, and the interest rate spread. The negative contributors include
real operating profits, the index of overtime worked, the six-month
growth rate of labor productivity, the Tankan business conditions
survey, dwelling units started, and stock prices.
and there were large downward revisions to the previous five
months as actual data for operating profits for the fourth quarter of
2008 became available. The Conference Board CEI for Japan also declined sharply. Industrial
production has fallen at a record pace for three consecutive months, and
it is now 30% below its January 2008 level. The six-month growth
rate of the index fell to -7.9% (a -15.1% annual rate),
the lowest since the index began in 1965. In addition, the weaknesses
among the coincident indicators continued to be very widespread in the
last six months. At the same time, real GDP contracted at a 12.1%
annual rate in the fourth quarter of 2008, the largest drop in 35 years.
The growth rate of real GDP averaged -4.2% (annual rate) in 2008.
The Conference Board LEI for Japan now stands at 71.5 (2004=100)