CPI Card Group Names Two Sales Managers

CO-based CPI Card Group has hired two new sales representatives. Ed Prisby, Southeast Regional Sales Manager – Commercial Cards and Services, comes to CPI with a 15-year track record with several Fortune 500 corporations. Mark Costello, Western Regional Sales Manager – Commercial Cards and Services, comes to CPI Card Group with thirteen years’ experience selling printed labels and packaging in the California area. CPI offers a single source for plastic cards from foil cards and holograms, to translucent and smart cards.

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AmEx Gold Card and Starwood Offer a Bonus Credit

American Express and Starwood Hotels announced they will
provide a $75 food and beverage credit whenever “AmEx Gold Card” members
book a stay of two or more consecutive nights at over 500 properties
around the world across four Starwood brands. Other “AmEx Gold Card”
benefits include: access to amenities valued at $100-$150 on virtually
any trip from select “AmEx Gold Tour” and “Gold Cruise” partners; $100
credit towards lift tickets on qualifying vacations from Ski.com; a $100
AmEx gift check with any qualifying Smithsonian Journeys Southern
Arizona Focus on Astronomy tour, a two nights’ stay at Caesars Palace in
Las Vegas and two tickets to see Cher perform live in concert.

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CKE Restaurants Selects FSV’s ePayroll

FSV Payment Systems paperless payroll solutions has deployed its
“ePayroll” program at CKE Restaurants, which include Hardee’s and Carl’s
Jr. restaurant chains. This provides 90% of the employees with either
the benefits of electronic deposit for those with bank accounts or
MetaBank’s “PaychekPLUS” payroll cards for those without accounts, a
reduction in paper checks for subsequent cost reduction and decreased
environmental footprint. Prior to this, CKE issued 86% of employees
paper checks, only 14% direct deposit for payroll and now has the
resources to reduce over 1 million paper checks issued per year thanks
to the FSV Payment Systems paperless payroll Solution. With this, the
organization can save 28,000 pounds of paper, stop over 267,000 gallons
of wastewater, save over 10,000 gallons of gasoline and preserve nearly
70,000 trees to stop the emission of nearly a half million pounds of
greenhouse gases.

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PayPal’s Q2 Payment Transactions Plateau

eBay reported that PayPal posted $602 million in net revenue, an
increase of 33% year-over-year. Net total payment volume for the quarter
was nearly $15 billion, an increase of 35% year-over-year. Global active
registered accounts increased to 62.6 million, representing 19%
year-over-year growth. At the end of the quarter PayPal had 62.6 million
active accounts, a 17% increase from one-year ago. During the second
quarter, PayPal handled 211.0 million payments, a slight 2% decrease
over the prior quarter, and up 26% from 2Q/07. PayPal’s 2Q/08
transaction revenue rate increased to 3.90% from 3.87% in the prior
quarter and 3.89% in the prior year quarter. The processing expense rate
for the second quarter was 1.18%, compared to 1.21% from the prior
quarter. PayPal’s transaction loss rate came in at 31 basis points, up 4
basis points from 1Q/08. During the second quarter PayPal signed
merchant services deals with Delta Airlines, Blockbuster.com, UK-based
Arcadia Group and William Hill. For complete details on eBay/PayPal’s
second quarter performance, visit CardData [www.carddata.com](http://www.carddata.com).

PAYPAL HISTORICAL
$VOLUME #ACCOUNTS
2Q/07: $11.1 billion 52.8 million
3Q/07: $11.6 billion 54.8 million
4Q/07: $14.0 billion 57.3 million
1Q/08: $14.4 billion 60.2 million
2Q/08: $14.9 billion 62.6 million

SOURCE: CardData ([www.carddata.com][1])

[1]: http://www.carddata.com

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Breach Security Unveils WebDefend 3.4

Web application security vendor Breach Security has released “WebDefend
3.4” to enable businesses to comply with PCI-DSS. The
new version secures magnetic stripe
data,cardholder verification numbers and personal identification numbers
by allowing administrators to mask full magnetic stripe data,
preventing it from being stored or displayed anywhere within the WebDefend
software, including in audit logs and within the management console.

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New Software Detects Padded Credit Scores

CA-based Cogent Road has released a new feature on its “Funding Suite” to detect “piggybacking” within a possibly padded credit score.
The solution examines credit reports to detect the probability that a
borrower’s credit score is being artificially manipulated based on a
different individual’s payment history. Using a complex series of
comparative algorithms, this detection tool analyzes the borrower’s
credit profile as a whole to detect whether or not authorized user
tradelines are consistent with his or her historical payment pattern.
This tool can also differentiate the bona fide authorized user relations
that occur in joint credit applications, however it does identify if the
spouse’s credit score is influenced by authorized user accounts.

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Affinion’s Card Patrol Inks 100+ Clients

ID theft protection provider Affinion Security Center reports that over
100 US financial institutions have implemented its “Card Patrol”
monitoring product. “Card Patrol” provides an institution’s account
holders with real-time monitoring of the chat rooms where thieves buy
and sell debit and credit card numbers to help prevent fraudulent
charges before they occur. Account holders can register up to 10 cards
and receive an instant e-notification of suspicious activity associated
with any of their registered credit or debit card numbers.
Additionally, consumers are also notified when other personal
information appears on-line, including social security number, mother’s
maiden name, and card PIN numbers.

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Only 8% Are Confident About Their Personal Data

According to a national survey commissioned by CA, a mere 8% of
Americans are ‘Very Confident’ their personal data is safe with
retailers, banks and governments thanks to a reputation for recent
security breaches over recent years, and subsequent loss of confidence,
according to 79% of the American consumers surveyed. Additional findings
of the survey, when compared to a previous survey from 2006, show the
number of computer virus attacks are down nearly 11%, internal security
breaches have increased from 42% to 44%, internal breaches increased
from 15% to 44% and the number of organizations to deploy access
management solutions over the next year increased from 49% in 2006 to
60% in 2008. Furthermore, among consumers, 72% feel retailers don’t do
enough to protect on online privacy, 68% feel government should spend
more on internet security and 58% think major banks should spend more on
consumer information while an average of 32% of U.S.
security executives feel the same about the organizations they represent.

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G&D and KKH

Giesecke & Devrient (G&D) has been awarded the contract from
Kaufmannische Krankenkasse (KKH) and 28 corporate health insurance funds
to manufacture and supply nearly ten million electronic healthcare
cards, providing optical and electronic personalization. Scheduled for
deployment in January 2009, the electronic health insurance card will
store the policyholder’s basic data, details of insurance coverage and
status regarding supplementary charges. Additional features of the card
include electronic prescription information and a “PIN Home Package”
from the KKH. Giesecke & Devrient maintains subsidiaries and joint
ventures around the world, generated revenue of almost EUR1.5 billion in
2007 and is to supply a background system to control 70% of all health
insurance cards in Germany while Kaufmannische Krankenkasse is Germany’s
fourth-largest nationwide health insurance fund with about two million
members.

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EMUE & VISA

Visa and EMUE Technologies have launched the “PIN Card” pilot to
focus on combating CNP fraud. In doing so, the new solution implements
fraud prevention techniques through a conventional credit or debit card
product using credit chip technology in generating one-time-only codes
displayed on an integrated eight-digit alpha-numeric screen. This
ensures a secure solution to authenticate online transactions without
the need for a separate device, allowing cardholders to validate
transactions with the input of the standard PIN and then the
one-time-only code.

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CONTACTLESS IGNORANCE

Despite having cost millions in development and marketing, contactless
payment solutions are not being met with warm reception by the majority
of consumers. According to the latest market research report
conducted by Auriemma Consulting Group, consumers need
additional encouragement to acquire a new card with only 3% of the
population being familiar with contactless technology and 23% of
consumers not showing comfort with contactless cards due to the risk of
identity theft. Additional findings show consumers were 7 times more
likely to want a contactless card after having read the product
description while 63% of consumers more likely to use it because of its
“cool new technology” and 67% more likely to use it because of its “ease
of use.” These findings were compiled by ACG Research through data
generated from a survey of 508 credit card users in 1Q/08.

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TransCard Names a New CTO

Prepaid card solution provider TransCard has hired David Samples, previously with Instruction Management, as its new CTO. He will manage the strategic technology focus of the company, while specifically working to enhance customer experience. Samples was COO of Instruction Management, a full-service physical education and martial arts training company. He also served as Director of Systems Architecture at U.S. Xpress Enterprises where he was responsible for the creation and management of new technologies deployed to both front- and back-end applications, including implementing several third-party optimization systems, which reduced fuel costs and overall unpaid mileage. Samples has a BS in Business Administration and Management Information Systems from Tennessee Technological University. TransCard offers electronic funds-transfer services, including direct-to-card payroll technology; electronic fuel and transaction processing; and healthcare and gift card products and services and processes nearly $1.2 billion dollars in electronic transactions per year.

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