The PCI Security Standards Council’s PCI DSS Version 1.2 Available

The PCI Security Standards Council announced the general availability of
version 1.2 of the PCI DSS. Version 1.2 includes clarifications and explanations of the requirements that improve flexibility to meet today’s security
challenges and ensure organization’s can adequately comply with the
standard. While version 1.2 does not introduce any new major
requirements to the existing 12 in place since the Council’s inception,
the updates do change some practices, such as the sun-setting of
implementations of Wired Equivalent Privacy (WEP) wireless security by
June, 2010. Participating Organizations are given
the opportunity to receive early drafts of all pending revisions to the
Council’s standards and provide a bulk of the feedback during this
process.

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DEUTSCHE CARD SERVICES

Deutsche Bank will provide credit/debit card clearing and settlement solutions
throughout Europe, managed by Deutsche Card Services GmbH.
Deutsche Card Services will be launched on the basis of the reliable
platform and expertise of Pago eTransaction Services GmbH. Pago
is a technology provider in card-based online payments, offering systems
for the processing of electronic payments to companies in the e-commerce
sector, mail order business as well as brick-and-mortar retailing.

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Card-Based Payments to Surge by 2012

A new report shows that electronic card-based payments will account for
10% of all consumer payments by 2012, double its percentage from 2007.
More than two-thirds of online consumers currently pay a portion of
their monthly bills with a credit or debit card, according to Aite
Group. The opportunity for banks, however, isn’t necessarily from
generating interchange revenue, but in attracting a segment of valuable
consumers to their own sites, instead of going to biller sites. But,
Aite believes that banks will find their highest rate of growth in
online bill pay from card-based payers.

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INSIDE & ICAO

Contactless platform provider INSIDE Contactless is building
upon its “MicroPass” platform to support a variety of “ICAO-Lite”
identity applications. The International Civil Aviation Organization
has set standards for
ePassports and eVisas based upon the use of contactless chip technology
with large EEPROM memory requirements to store high-resolution biometric
data and other identity information. But ePassports, eVisas and other
heavyweight ICAO ID applications represent only about 10 percent of the
overall identity market, leaving a huge, unserved potential market for
INSIDE’s ICAO-Lite solutions. As a result, INSIDE is anticipating strong
market demand for other ID cards and documents with less stringent
storage requirements and for customers requiring lower cost solutions

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Consumer Confidence Resurges in Sept

The Conference Board “Consumer Confidence Index” posted a
slight gain in September. However, consumers’ appraisal of current
conditions eroded further in September. Those saying business conditions
are “bad” increased to 34.2% from 32.7%, while those claiming business
conditions are “good” declined to 12.5% from 13.7% last month.
Consumers’ assessment of the labor market continues to deteriorate.
Those saying jobs are “hard to get” rose to 32.8% from 31.7% in August,
while those claiming jobs are “plentiful” decreased to 12.2% from 13.5%

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U.S. Economic Concerns Mount in Sept

A new survey reveals that 63% say are either very- or
extremely-concerned about the future of the economy. Also, 57%
developing new business as their number-one challenge through the
remainder of the year and “access to cash” ranked number-two at 18%.
The new survey by Harris Interactive for ING DIRECT’s “ShareBuilder
401k” also found that nearly six out of 10 small business owners
feel there are not enough incentives in place to help them start a
401(k). Many may not be aware that in addition to the tax-deferred
savings that come from most retirement programs, small businesses
starting a 401(k) plan can also receive annual tax credits of $500 for
each of the first three years after they enroll.

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INSIDE Contactless Expands MicroPass

Contactless platform provider INSIDE Contactless is building
upon its “MicroPass” platform to support a variety of “ICAO-Lite”
identity applications. The International Civil Aviation Organization
has set standards for ePassports and eVisas based upon the use of
contactless chip technology with large EEPROM memory requirements to
store high-resolution biometric data and other identity information. But
ePassports, eVisas and other heavyweight ICAO ID applications represent
only about 10 percent of the overall identity market, leaving a huge,
unserved potential market for INSIDE’s ICAO-Lite solutions. As a result,
INSIDE is anticipating strong market demand for other ID cards and
documents with less stringent storage requirements and for customers
requiring lower cost solutions.

Details