Solidcore for APTRA Stops ATM Skimming

NCR says it has sold more than 50,000 licenses of “Solidcore for APTRA,” an ATM software security solution that prohibits the introduction of unauthorized code to an ATM. The software protects the system from “inside out” skimming attacks. These attacks, similar to those recently perpetrated in Russia, involve the insertion of malicious code onto the ATM – usually by someone with insider access to the ATM.
Integrated within the NCR APTRA Software Security solution, Solidcore for APTRA preserves system integrity and prevents malware on ATMs. More than 100 NCR customers around the world have turned to NCR to provide “Solidcore for APTRA” on their single and multi-vendor ATM networks.
“Solidcore for APTRA” proactively allows only authorised code to run.

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Credit Card ABS Metrics Erode Further

Credit card delinquencies and chargeoffs breached record levels last
month. The latest Fitch “Credit Card Index” reports that charge-offs
rose 101 basis points to a record 8.41% eclipsing the prior mark of
7.52% reached in November 2005. Delinquency rose 29 bps to 4.33%, the
third consecutive record result. The delinquency index, which measures
the percentage of credit card receivables that were reported more than
60 days past due, has increased 36% in the last six months.
However, Fitch says that despite the results, portfolio yields increased
and excess spread levels remained robust, as remedial actions by credit
card issuers are providing investors with a cushion against future
losses and early amortization. But, the outlook for subordinate
tranches, however, is becoming increasingly negative particularly if
recent delinquency trends hold.

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VERISMART VISA

VerifySmart has signed an agreement with China Trust to launch
VSC’s first credit card “VeriSmart Platinum Visa”. China Trust will distribute, for a pilot, 2,500 co-branded “VeriSmart Platinum Visa” cards linked to the authentication system, “VerifyNGo,” to serve as enterprise payroll, payout and remittance solutions affording centralized control and management of fund disbursement globally, anytime, anywhere. The new card will yield revenue in multiple ways: volume-based fees for processing; transactional fees for transfers, ATM withdrawals, and POS purchases; and transactional fees for use for VSC’s authentication protocols.

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BMW CCA Rewards Visa is Launched

The BMW Car Club of America has selected PartnersFirst Affinity Services
to issue the BMW CCA Rewards Visa Credit Card. The BMW CCA Visa card
offers industry-leading cash, travel and merchandise rewards in addition
to providing special discounts at the BMW Performance Center through its
rewards program.BMW CCA is the official BMW car club devoted to
supporting BMW
automobile fans and enthusiasts with a wide range of social, technical,
and driving events, discounts, gear and a monthly publication, called
Roundel.

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BIOMETRIC MATCH-ON-CARD

Card specification body GlobalPlatform has published “The GlobalPlatform Value Proposition for
Biometric Match-on-Card Verification” 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.
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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ADS Renews the PacSun Credit Card Deal

Loyalty card program provider Alliance Data Systems has signed a
multi-year contract renewal with clothing retailer Pacific Sunwear to
continue providing private label credit card services. Under terms of
the renewal agreement, Alliance Data will continue providing private
label credit card services including account
acquisition and activation; receivables funding; card authorization;
private label credit card issuance; statement generation; remittance
processing; customer service functions; and marketing services to PacSun.
The private label card program delivers value to PacSun customers
through a points-based loyalty program. Cardholders earn points that can
be redeemed toward future purchases and become eligible for special
PacSun sales, promotions and exclusive gift-with-purchase offers only
available to PacSun cardholders. PacSun operates 932 stores in 50
states and Puerto Rico.

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EWGA MasterCard is Introduced

International member-based golf association EWGA has selected
PartnersFirst Affinity Services to issue the “EWGA MasterCard” credit card.
PartnersFirst worked closely with EWGA to develop a unique card program
to benefit its members. The “EWGA MasterCard” offers industry-leading
cash, travel, EWGA-specific and merchandise rewards in addition to
providing access to high-end golf events through its rewards program.
The EWGA has enriched the lives of more than
100,000 women, connecting them to learn, play and enjoy golf for
business and for fun.

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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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