Payment Data System Processing Up 25%

Payment Data System posted a 25% increase in processing for December
2008 from November and 5% more than December 2007. Transactions
processed increased 11% from the previous month and 13%
from December 2007. It should be noted that December’s dollar volume was
the highest for any month in 2008 and is the third highest in our
history. In dollars processed, volume increased 21% from the third
quarter. For transactions processed, volume grew 20% over the previous
quarter and 7% over Q4 2007.

Details

Xirrus Wi-Fi Power-Play is PCI-Ready

WI-Fi provider Xirrus has received VeriSign assessment of PCI
configurations of the “Xirrus Wi-Fi Array” line of products. The new
features are available beginning in Xirrus ArrayOS
software release 3.5 and include additional security features for
ensuring the utmost in wireless security including integrated and
dedicated Wi-Fi Threat Sensor for continuous
monitoring of the air; integrated rules-based stateful firewall
;reprogrammable FPGA-based encryption engines; integrated Spectrum
Analyzer for DoS attacks and RF analysis and FIPS 140-2 Government
security certification. The Wi-Fi Array provides more than enough
bandwidth, security, and control to replace switched Ethernet to the
desktop as the
primary network connection. The Xirrus Wi-Fi Array delivers the most
coverage, bandwidth, throughput, and user density on a per device and
per system basis than anything else available on the market today,
resulting in a solution that uses 75% fewer devices, cabling, switch
ports, power, space, and installation time compared with any other offering.

Details

Configuresoft Offers PCI DSS Checker

Enterprise server manager Configuresoft has released “Configuresoft
Compliance Checker” for PCI DSS v1.2. “Compliance Checker” for PCI DSS
v1.2 validates the security posture of each machine against the
recommendations of PCI
DSS v1.2 and identifies non-compliant configurations. To help
organizations prepare for a successful PCI audit, the utility also
includes the ability to complete the appropriate self-assessment
questionnaire (SAQ).The utility is built upon the same successful
platform of the previously released Compliance Checker for VMware ESX,
which provides compliance checks against VMware hardening guidelines and
Center for Internet Security (CIS) benchmarks for thousands of VMware
customers.

Details

EMVCO & AMEX

American Express has finally joined Visa, MasterCard and JCB as a
fourth owner of the standards body EMVCo. As part of the deal AmEx has
acquired a one-fourth share from the other owners and will have an equal
interest in the organization. EMVCo’s management structure has been
changed to give AmEx representation on the Executive Committee and Board
of Managers, in addition to equal participation in its working groups.
EMVCo was formed in February 1999 by Europay, MasterCard and Visa to
manage, maintain and enhance the “EMV Integrated Circuit Card
Specifications for Payment Systems.” With the acquisition of Europay by
MasterCard in 2002 and JCB joined in 2004. EMVCo is also responsible for
type approval processes for terminal compliance testing and “Common Core
Definitions” and “Common Payment Application” card compliance testing.

Details

AmEx Acquires a 1/4th Stake in EMVCo

American Express has finally joined Visa, MasterCard and JCB as a
fourth owner of the standards body EMVCo. As part of the deal AmEx has
acquired a one-fourth share from the other owners and will have an equal
interest in the organization. EMVCo’s management structure has been
changed to give AmEx representation on the Executive Committee and Board
of Managers, in addition to equal participation in its working groups.
EMVCo was formed in February 1999 by Europay, MasterCard and Visa to
manage, maintain and enhance the “EMV Integrated Circuit Card
Specifications for Payment Systems.” With the acquisition of Europay by
MasterCard in 2002 and JCB joined in 2004. EMVCo is also responsible for
type approval processes for terminal compliance testing and “Common Core
Definitions” and “Common Payment Application” card compliance testing.

Details

WESTERN FINANCIAL & AGRICARD

The Western Financial Group has acquired AgriFinancial Canada Corp. from
C.A. Bancorp Inc. and Sentry Select Total Strategy Fund.
AgriFinancial is a leading lender specializing in agribusinesses in
Western Canada, including more than 25,000 farmers who carry
AgriFinancial’s “AgriCard,” a specialty credit card accepted by more than 750 dealers and merchants. The acquisition adds an additional $85
million in profitable loan assets to Bank West’s portfolio.

Details

vPOS Integrates into the LOB Application

A new report has found that browser-based virtual point of sale
continues to offer value to MOTO and low-volume walk-up merchants. Also,
vPOS capability, software-based payment transactions, is optimal when
subsumed into a merchant’s line of business application. Mercator
Advisory Group says as a volume driving strategy for merchant acquirers
and processors, connecting up the line of business application’s sales
functions with payments capability makes sense. From small businesses
running Quickbooks to large enterprise users of Salesforce.com or SAP,
payment capability is now an embedded feature of core business
applications. Mercator notes that IP Commerce flips the application
add-in model by using a general purpose payments interface that speeds
payment-enablement for the LOB software developer and gives wider choice
for a processing partner to the merchant or LOB application user.
Additionally, mobile vPOS is following an evolutionary path similar to
PC-based approaches. Integrated LOP applications for very small
merchants, including payments, are available now on the iPhone.

Details

GEMALTO & MCHEK

Digital security provider Gemalto has partnered with mChek, a provider
of mobile security, banking and payment applications, to
bolster the range and choice of secured mobile banking solutions
available on Gemalto SIM cards to markets in South Asia. Since
September 2008, Gemalto and mChek have successfully deployed a
broad range of mobile banking services with telecom operators in India
and Sri Lanka on millions of SIM cards. This includes a mobile top-up
service where its customers can recharge anywhere, anytime for
themselves or others. mChek enables a broad range of services,
including mobile
banking, two-factor authentication, secure message delivery,
cross-border and domestic money transfer and mobile payments using SVA
wallets, direct debit and credit/debit card support.

Details

Card Activation Names a New CEO/President

Prepaid card technology provider Card Activation Technologies has
appointed Michael DeLaGarza, previously with Absolute Medical Software,
as President and Director. In accordance with the By-Laws of the
Corporation, Michael DeLaGarza also becomes Chief Executive Officer of
the Corporation. DeLaGarza has been the CEO of Absolute Medical Software
Systems, and PayMed USA. Card Activation Technologies owns proprietary
patented transaction technology which covers gift cards, phone cards and
debit cards used by thousands of retailers.

Details