Card Fraud Tops Americans’ Security Concerns

A new study has found that more than two thirds of Americans are
extremely or very concerned about other people obtaining and using their
credit or debit card details, with 90% at least somewhat concerned.
According to research conducted in late February by Unisys credit,
debit card fraud is now the primary security concern for Americans. The
proportion of Americans indicating no concern is at the lowest level
since Unisys began the global study. Two-thirds of Americans are
seriously concerned about unauthorized access to or misuse of personal
information. Overall, the levels of concern on this issue have remained
relatively high and constant since the first global study in August
2007. Also, 75% of Americans believe that the current world financial
crisis has increased their risk for experiencing identity theft or
related fraud crimes, and more than one-quarter believe the current
crisis raises that risk substantially.

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CEDICAM & CARDINK

Payment flow provider CEDICAM has selected Cryptomathic’s CardInk data
preparation solution for its deployment of tens of thousands of
dual-interface payment cards next month. CEDICAM will use Cryptomathic’s data
preparation technology to generate the personalization data for the dual-interface chip cards. The new payment cards will
enable the holder to benefit from France’s growing contactless payment
infrastructures for small value transactions. The programme will be France’s
first large scale roll-out of chip cards featuring both contact and
contactless payment applications. CEDICAM personalizes over nine million payment cards for the
Credit Agricole regional banks each year.

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BRIDGE:TEST

ATM software provider Level Four has announced its partnership with
IT service provider TietoEnator Italia S.p.A. to
deliver BRIDGE:test to financial institutions. The need for improved ATM functionality and increased ATM reliability
are key drivers for Italian financial institutions wanting to improve
the overall potential of this channel. As such, banks in Italy are
increasingly looking to renew their ATM networks and refresh their
software. While this brings a number of competitive advantages, it also
results in a more complex environment, where banks are forced to rethink
their approach to ATM testing. Level Four’s testing expertise together
with Tieto’s experience of delivering software and services to the local
market will enable Italian financial institutions to successfully meet
this challenge, gaining up to 80% cost and time savings in test cycles.
The agreement provides Level Four with an
additional route to market for BRIDGE:test in Italy and supports Tieto’s
commitment to expanding its offering for the financial services sector.

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NYCE Adds Text Message Balance Inquiries

NJ-based NYCE will offer balance inquiries by text message to its NYCE Network
participants. The basic text message transactions will be an extension of the balance
inquiry functionality commonly available at NYCE Network ATMs, with no
additional fees for mobilization. The new service, powered by Monitise
Americas, will allow consumers to use text messaging to request and
receive real-time balance information on their primary accounts. Text
message balance inquiries will work for virtually all mobile phone users
regardless of their mobile carrier or the type of handset they use. NYCE’s mobile services are fully integrated with the network’s
infrastructure, leveraging existing NYCE services such as settlement and
reporting. This approach simplifies the provider relationship and allows
institutions of all sizes to offer mobile to their customers without
significant investment in new technology infrastructure.

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THE ART OF GO

Visa has launched “The Art of Go” a multi-channel marketing campaign. The “More People Go with Visa” campaign is
brought to life through thought-provoking public art installations that invite
Canadians to make the most out of every day in their own unique ways. The
“More People Go with Visa” campaign reflects Visa’s core growth strategy –
migrating consumer and business spending from cash and cheques to a better
kind of payment, Visa. “The Art of Go” showcases public art installations created by
celebrated Canadian artists: Jill Anholt, Vancouver; Shayne Dark,
Toronto; and Benny Nemerofsky Ramsay, Montréal.

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CARD AWARDS 2009

Alternative payment provider PayPal and The Royal Bank of
Scotland have won the ‘Best New Prepaid Card Product of the Year’ for PayPal’s “Top Up” product at
Card Awards 2009. PayPal partnered with The Royal Bank of Scotland to launch the PayPal
Top Up Card in August 2008. The PayPal Top Up Card is available to both PayPal and non-PayPal
account customers. It costs £4.95, making it one of the most competitive
cards in the market. It can be loaded with money at Post Offices,
PayPoint outlets across the country and online at www.paypal.co.uk. The
card is free to reload via PayPal. Once loaded, the card can be used to
shop online, over the telephone or on the high street, almost anywhere
the VISA logo is displayed, anywhere in the world. PayPal account
holders will also be able to transfer funds from their PayPal account
directly onto the card. The prepaid product has succeeded in making
the PayPal brand more visible offline and has attracted new customers
who did not previously have a PayPal account. “Top Up” is processed by global payments services provider TSYS.

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ASB & SERVERSIDE

ASB is giving customers the chance to customize its recently launched
Visa Debit Card using technology provided by card customisation
specialist, Serverside Group. The new service has immediately proved
popular, with large numbers of applicants opting to personalise their cards.
ASB is currently promoting the new card design service across multiple
channels. Cardholders can customize their cards with images and photos
of their own, vetted by Serverside’s in-house image checking facility,
or can choose one from the image library provided. Galleries include
‘Kiwiana’, ‘Cities’, ‘Lifestyle’, ‘Fun’ and ‘Sport’.
Serverside has built a market-leading position by running more than 700
card programs through its network of approximately 200 card issuers in
23 countries.

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J&J Packaging Introduces the Bundle Pack

IN-based gift card packager J&J Packaging has launched a gift card “Bundle Pack”.
According to the results of a 2008 survey, consumers prefer to get three ten dollar cards for their thirty
dollar gift purchase opposed to a single thirty dollar card in a
traditional single card offering. The issuer of a gift card is able to separate their
gift card from competitors by bundling their cards with special offers
or value added features. The multi pack allows them to include a “bonus”
card or incentive as a reward for choosing their product among the
overwhelming choices of gift cards typically offered in a retail store.
In addition, consumers have the chance to benefit from making a gift
card purchase as opposed to simply giving cash.

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HYC S9

Hypercom’s PCI compliant “S9 PIN Pad” has received Association of Payments And Clearing Services’ “Common Criteria” accreditation in the UK. The new accreditation and listing on the APACS website replaces the previous accreditation of the non-PCI model. The device can be connected to Hypercom’s “Optimum T4200” terminals, providing a dedicated customer interface for cardholders to insert their card and enter their PIN number with a high level of convenience and security. In addition to achieving APACS accreditation, “PCI PED” approval and “EMV Level 1” certification, Hypercom’s “S9” meets a full range of industry
requirements, supporting “Master/Session DES,” “Triple DES” and “DUKPT” key management.

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MATCH-ON-CARD

GlobalPlatform has published a white paper to explain
how its existing technology can add value to biometric match-on-card
solutions from research and development cost-savings and improved time
to market, to compliance with industry security requirements. The white paper, entitled ‘The GlobalPlatform Value Proposition for
Biometric Match-on-Card Verification’, will be of interest to government
officials, project managers and consultants advising on the
implementation of biometric match-on-card programs, alongside smart card
technical audiences. It discusses in detail how current GlobalPlatform
Specifications deliver the required security and privacy to enable the
deployment of a secure, interoperable and flexible biometric
match-on-card solution. The white paper was developed jointly by the following GlobalPlatform members: ActivIdentity, Collis, Gemalto, NXP, Oberthur, Precise Biometrics, Sagem Orga and the US Department of Defense.

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Revolution Money Lands Mezzanine Funding

Alternative payment provider Revolution Money has received $42 million
in “Series C” funding. The investors include a Goldman Sachs affiliate
AOL co-founder Steve Case, Revolution Money Chairman Ted Leonsis, former
Charles Schwab CEO David Pottruck, former JP Morgan Vice Chairman David
Golden, Citigroup Inc. and Morgan Stanley. Revolution Money will use
this funding to continue developing the core technology behind its
popular and innovative products that include “RevolutionCard”, a
general-use credit card and “Revolution MoneyExchange”, a free online
P2P payments service. This funding follows a “Series B” investment
round of $50 million led by Citigroup Inc., Morgan Stanley and Deutsche
Bank in September 2007.

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