A survey conducted by Hughes Network Systems discovered that four out of five executives surveyed believed that their companies had made significant progress toward PCI compliance by addressing their point-of-sale and back-office systems. However, the vast majority had yet to achieve full end-to-end network PCI compliance. While the majority of respondents were not fully compliant, nearly all of those surveyed indicated they were familiar with PCI compliance and actively working to achieve it. Nearly 100 percent acknowledged that PCI compliance was important to their business. The Hughes survey consisted of written responses by 62 restaurant executives who visited the Hughes exhibit while attending Hospitality Magazine’s 2007 MURTEC tradeshow. Hughes Network Systems provides broadband satellite networks and services for large enterprises, governments, small businesses, and consumers.Details
Chinese UnionPay banking cards will soon be accepted for payment in
Egypt. UnionPay and the National Bank of Egypt have been collaborating
to complete the development. Trial operations have been underway since
March and will prove valuable considering a total of 52,000 Chinese visited
Egypt in 2006. The National Bank of Egypt has had an established
relationship in China for the past 8 years.
MVI Technologies has announced that it will be distributing GALITT’s
testing and certification tools in Singapore, Thailand, and Malaysia. The
tools MVI will distribute include the “KaNest” and KaNest-ICC” simulators.
“The KaNest” simulator provides a test tool to validate exchanges between
transactional systems for card processing and exchanges. The “KaNest-ICC”
simulator tests smartcard and accepting devices, including all EMV-related
components. A “KaNest-ICC” Test Suite has been qualified by EMVCo for
Type Approval of EMV Level 2 terminals and several Test Suites for
cards, devices or End-to-End testing. Included in the agreement, MVI
sell and support the simulators. MVI is a software solution provider
incorporated in 1991.
Postilion payment processing has announced that Getronics Hungary
will be outsourcing ATM and POS processing to be based on the
Postilion engine. Postilion’s solution will provide end-to-end service
for transaction processing, card issuing, authorization and switching
of payments to Visa and MasterCard. The company is a division of
the S1 corporation and provides integrated solutions for self-service
banking and payment processing, has locations on five continents, and
serve customers in more than 50 countries. S1 provides customer
interaction software for financial and payment services, employs 1,400
people Worldwide, and has more than 3,000 customers. Getronics
has 25,000 employees in more than 25 countries and approximate
revenues of USD $3.4 billion.
Global Cash Access has signed a deal with France’s Partouche Group. Partouche operates 50 properties in France and eight others in Belgium, Switzerland and Spain. Partouche will now offer in-casino “QuikCash” kiosks, as well as GCA’s “QuikCash Plus” Web browser, which streamlines and speeds transactions and improves customer service. Based in Las Vegas, GCA serves over 1,000 casinos and other clients in the U.S., Canada, Europe, the Caribbean and Asia.Details
In an effort to ease the burden on bank branches, The Industrial and
Commercial Bank of China (ICBC) and Standard Chartered Bank are
promoting the use of Internet banking for their customers according to
CCTV.com. ICBC Has updated its e-banking system for the on-line sales
of certificate bonds, on-line transfers and remittances and card payments.
Incentives for using online banking include a 20% discount on certain fees.
Standard Chartered Bank has taken similar measures in serving smaller
Sensible Vision and Digi International announced the integration of Sensible Vision’s “FastAccess” facial recognition software with Digi’s “Watchport” high-performance USB cameras The “Watchport/FastAccess” bundled solution gives organizations continuous information protection with fast and accurate authentication and eliminates cumbersome passwords and security procedures. Digi’s “Watchport” commercial-grade USB cameras are ideal for mission-critical applications such as kiosks, automated teller machines, ID badging, building security, point-of-sale applications and mobile computing. “FastAccess” is a solution that replaces a user’s password with their face, using biometric facial recognition technology. “FastAccess” automatically and continuously authenticates user log-in and instantly secures the computer when the user leaves. Digi International provides device networking for business. Sensible Vision provides continuous authentication.Details
CitiBank’s “Citibank Platinum Extreme Bonus” campaign offers Platinum
Select members benefits in the most popular consumer categories. These
include food/groceries, travel, gasoline, hotel, restaurant, and
benefits include a 5% cash rebate for every Bht 800/sale slip at Home Fresh
Mart and Gourmet Market, Bht 500 cash rebate when they spend up to Bht
10,000/sale slip/month, free limousine service to the airport through
Platinum Travel Service, and 3% cash rebate for every Bht 1,000
at SHELL gas stations. Other benefits include a 3 night stay for the
price of one
at 17 hotels nationwide from May 1 – December 21, 2007, up to 50% discount
at over 1,000 restaurants in Thailand, over 2,000 worldwide, and up to 15%
discount at 60 hospitals until December 31, 2007. CitiGroup Financial
company has nearly 200 million customer accounts and does business in more
than 100 countries.
Obopay has released a plugin for AOL AIM users to send payments from their “Buddy List”. Eligible AIM users can link directly to their mobile payment account to immediately send money to the mobile phone of any of their AIM buddies who have signed up for the Obopay service. Once the AIM user has downloaded the AIM Obopay plugin, he or she simply clicks “Actions” on the AIM Buddy List feature, then clicks “Send money using Obopay.” To spend or withdraw money, users can choose to link their bank account to their Obopay account and then transfer funds or users can sign up for and use the optional Obopay pre-paid debit card from MasterCard. Obopay is a service provider for payments over mobile phones.Details
ActiveCore has signed a Letter of Intent to integrate “CyBux” and “ePocket”
with ATMs. This will allow customers to move money from accounts to
stored value cards or digital coins and vice versa by using a common ATM.
Thus, digital coins can be disbursed as cash through a cash machine.
an integration of online payment systems used by most major banks and
credit unions across Canada. ePocket was originally designed as electronic
cash for secure purchases over the internet. With this new development,
access to these accounts can be executed from any ATM
without the need for a computer, PDA, or a cell phone.
Experian has acquired the Tallyman debt collection management software and operations. The Tallyman solution is based on three key functions: decisioning (from customer segmentation to strategy setting), collections (to manage customers and the collection process) and analytics (to model strategies and predict outcomes). Continuous improvement in the collection process is achieved using tools for visualisation, simulation and champion/challenger testing of new strategies and collection models. The Tallyman technology is compatible with Experian’s existing Decision Analytics product set and its integration will enhance the capabilities and functionality of Strategy Management, Experian’s market-leading decision engine.Tallyman offers a rapid return on investment by reducing the amount of cash locked up in outstanding debt and reduced debt write-off, resulting in a lower cost of collection. Some forty clients currently use Tallyman to successfully manage more than 20 million customers and control the collection of more than Â£1.25 billion ($2.5 billion) of debt.Details
A federal grand jury in Salt Lake City returned a 34-count indictment, charging seven individuals and four companies with conspiring to violate laws prohibiting Internet gambling. The indictment alleges the defendants operated a business that helped Internet gambling websites to disguise credit card charges for gambling as charges for something else, thereby deceiving credit card issuers who otherwise would not have authorized the transactions and assisted Internet gambling websites by arranging fund transfers between bettors in the United States and various Internet gambling websites using Western Union wire transfers. The indictment alleges that the defendants facilitated the payment of more than $150 million to illegal Internet gambling websites. The potential maximum penalties for the counts in the indictment include 20 years for racketeering conspiracy; 30 years for bank fraud; two years for transmission of wagers/wagering information; and 20 years for money laundering. The case is being investigated by the IRS Criminal Investigation Division.Details