APWG Offers a Phishing Guide for Webmasters

The APWG has released, “What To Do If Your Web Site Has Been
Hacked by Phishers,” a comprehensive reference guide that helps webmasters
as well as website owners and operators who suspect or discover that
their web site is being used to host a phishing site. This APWG advisory
explains the most important incident response
measures that can be taken to remediate website hacking by phisher in
the areas of identification, notification, containment, recovery,
restoration, and follow-up when an attack is suspected or confirmed.
The APWG, founded as the Anti-Phishing Working Group in 2003, is an
industry, law enforcement and government coalition focused on
eliminating the identity theft and fraud that result from the growing
problem of phishing, email spoofing, and crimeware. Membership is open
to qualified financial institutions, online retailers, ISPs, the law
enforcement community, researchers and solutions providers.

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ACORN MASTERCARD

credEcard and Lloyds TSB have launched the “Acorn Prepaid MasterCard.” The new card enables agencies to pay their temporary unbanked staff in the same way as banked staff. Acorn offers the cardholder a range of benefits including the ability to instantly accept payment of funds without the need for a bank account. CredEcard’s MasterCard prepaid programs allow funds to be loaded directly onto the Acorn prepaid card via the unique BACS sort code, facilitating the loading of funds directly onto each card account, allowing unbanked staff to be paid in exactly the same way as those with regular bank accounts. In addition the cardholder can set up standing orders, load additional funds via any 19,000 “PayPoint” outlets and have access to a comprehensive range of online and SMS services.

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Heartland Breach Draws Another Lawsuit

NJ-based Heartland Payment Systems has a class action lawsuit pending
charging the company violated federal securities laws.
The complaint alleges that throughout the Class Period defendants made
false and/or misleading statements, and failed to disclose material
adverse facts about the company’s business, operations and prospects.
Specifically, defendants misrepresented or failed to disclose: (1) that
the Company’s safety and security measures designed to protect
consumers’ financial records and data from security breaches were
inadequate and ineffective; (2) that the Company’s payment processing
system had been infected with malware as early as May 2008; (3) that
defendants were made aware of a potential breach of Heartland’s payment
processing network; (4) that, as a result of the above, the Company
faced liabilities associated with the breach and increasing costs
associated with implementing appropriate security measures; (5) that, as
a result of the foregoing, the Company was at risk of losing customers;
and (6) that the Company lacked adequate internal controls.
On January 20, 2009, Heartland revealed that the Company’s payment
processing network had been breached by malicious software, exposing
tens of millions of debit cardholders to fraud. Shares of Heartland
declined $1.26 per share, or 8.16%, to
close on January 20, 2009, at $14.18 per share and over the next two
days, shares of Heartland further declined
$6.00 per share, or an additional 42.31%, to close on January 22, 2009
at $8.18 per share. On February 24, 2009, Heartland posted
a lower-than-expected quarterly profit and disclosed that it might incur
losses from the recent security breach of its system and that the
Company could not estimate the amount of losses that might be incurred
in connection with the security breach. Shares of Heartland declined
$2.31 per share, or 30.12%,
to close on February 24, 2009, at $5.34 per share, on unusually heavy
volume. During the Class Period, shares of Heartland’s common stock
declined $21.84 per share, or approximately 80%, from its Class Period
high of $27.19 per share on September 19, 2008.

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PAYZONE EXECUTIVE

Consumer payment provider and cash network Payzone has appointed
Bill Thomson, previously with Barclaycard, as UK Managing Director. Thomson has spent
12 years in the payments industry and his appointment brings significant
expertise and leadership to Payzone, the leading European consumer
payments and cash distribution network.
As managing director at Barclaycard Business, the B2B arm
of Barclaycard, Thomson was a member of the executive committee for
five years and Managing Director from 2006. During this time he managed
growth of the UK’s second largest acquirer and Europe’s largest Visa
commercial card issuer. As Managing Director he was responsible for
overseeing the development of the division’s contactless technology and
international expansion strategy. Thomson has extensive card payment experience across all channels and
all sizes of retailer. In 1997 he helped found NetBanx, a ground
breaking payment card processing solution, which supported the
development of e-commerce and on-line retail. Later, in 2001, he was
recruited to Barclaycard to develop ePDQ, a secure on-line card payments
system.

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TEBCA PERU

Prepaid card provider NovoPayment has entered into a joint venture with
Interbank Group named “Tebca Peru” to develop
prepaid card programs nationally, including prepaid EBT and food vouchers,
general-purpose reloadable cards, cash management and remittances
products. Initially, Tebca Peru will introduce a prepaid food voucher
program
under the brand name Provis Alimentación, aimed at electronically
managing social benefit payments for companies and entities throughout
the country. The company expects to issue as many as 200,000 cards in
the first two
years. The benefits of these programs include, among others, reducing
overhead expenses and operational risks, immediate delivery of payments
and benefits for companies and access to a wide variety of service
channels for end customers.

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Galileo Processing Analytics is Unveiled

UT-based payment process solution provider Galileo Processing has
launched “Galileo Analytics”.
Galileo Analytics puts the information
managers need in intelligent and graphical form at their fingertips.
Galileo clients will now be able to ask multi-dimensional questions via
Galileo Analytics about all aspects of their portfolio, such as
performance, cardholder behavior, profitability, results of marketing
campaigns and fraud statistics. Galileo offers advanced payment
technologies including
RFID and mobile access, a proprietary bill payment service and a retail
load network.

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LASERCARD DEAL

Secure ID solution provider LaserCard Corporation has received a follow-on purchase order from its Rome-based Authorized
Value Added Reseller, Laser Memory Card S.p.a., which supplies and
supports the government’s prime contractor on the project to supply
about $2.5 million worth of secure optical memory cards for Italian
government ID card programs. The vast majority of the cards ordered are
Foreign Resident ID Cards, with the balance being special bi-lingual
versions of the national Citizen ID Card. It is
expected that shipment of the cards will commence in the March quarter
and be completed in the June quarter.

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CPI Card Group Offers OSCAR Technology

CPI Card Group introduces “OSCAR” to the card marketplace. It is the
state-of-the-art digital print and color management system that delivers
the most brilliantly printed cards in the industry. CPI says “OSCAR”
will set the new industry standard for turnaround times. “OSCAR”
generates a proof that is a for-color match; this includes both
process-printed cards as well as PMS spot colors. “OSCAR” offers the
closest approximation to “continuous tone” available in the industry.
CPI’s production sites include Denver, Colorado; Fort Wayne, Indiana;
Las Vegas, Nevada; Colchester, England; and Liverpool, England.

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POSPaper.com Grabs Leading Provider Position

Supplier POSPaper.com has has assumed a leading role in an industry
revolution that
has seen thermal paper rolls replacing multi-part carbonless business
forms in several industries through the sale of its thermal paper rolls.
The replacement of multi-part business forms has been part of a natural
evolution due in large part to the ongoing march of technology.
Previously, those working in industries including law enforcement, the
delivery industry, dry cleaning, and more would write down information
manually on multi-part carbonless business forms. Today this work is
being done on keyboards and only needs to be captured once to be locked
into a system permanently.
POSPaper.com, which also offers credit card supplies, ATM paper, sales
slips, credit card imprinters, printer ribbons, and more, is among the
leading distributors of thermal printing paper used by several
industries and state and local municipalities.

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Despite Economy Prepaid Market is Robust

Nearly 70% of industry executives believe that 2009 growth in the general purpose reloadable card market will equal or exceed growth
levels in 2008. The Center for Financial Services Innovation says 80% of prepaid industry executives see underbanked consumers as important or very important to the future growth of the prepaid industry. The paper is the first in a series of CFSI research efforts to further understand how underbanked consumers use the product to meet their financial services needs. In early April, CFSI will release its next
prepaid paper, which features in-depth one-on-one interviews with
underbanked consumers to better understand the impact that these new
products and services are having on consumers’ money management
practices and long-term financial well-being.

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