The Interactive Advertising Bureau is taking on the two top third-party Internet audience measurement services, questioning their methodologies. The IAB says comScore and Nielsen//NetRatings have resisted numerous requests for audits by the IAB and the Media Ratings Council since 1999. IAB says the discrepancies exist between the audience measurements of comScore and NNR and those of the server logs of the IAB’s own members. Compounding these differences are the disparities between comScore’s and NNR’s own measurement results. The IAB, which has 332 members that account for 86% of the nation’s interactive advertising spend, has sent an open letter to comScore and NNR, questioning their panels which allegedly undercount or ignore the diverse populations that are the future of consumer marketing.Details
Gilbarco Inc. has certified an electronic funds payment service from National Payment Card, LLC of Boca Raton, FL for use with the Gilbarco Passport point of sale system. National Payment Card is an electronic funds payment service bureau that interfaces with point of sale systems that enables consumers to associate their driver’s license or existing membership card with a bank account so it initiates payment at the pump or inside the store through the Federal Automated Clearing House (ACH) system. The Passport interface to the electronic funds payment service from National Payment Card enables funds to come directly from the consumer’s bank account, removing middlemen in the credit card and debit card networks altogether. Retailers can pass along the savings in processing fees to the consumer in the form of discounted fuel. Gilbarco Veeder-Root and Gasboy are leading suppliers of integrated fuel control, site management, and support services for petroleum marketers and commercial fueling enterprises worldwide. National Payment Card is a marketer of card-based payment systems.Details
NJ-based Princeton Softech is among the first 24 companies to have joined the Payment Card Industry “Strategic Vendor Alliance”. The PCI SVA was founded by a group of leading data security firms, including ConfigureSoft, Cyber-Ark, Modulo Security, Proginet, Protegrity, Reflex Security and Safe-Net to provide the best in technology solutions and services to retailers, e-commerce companies, financial institutions, payment processors, POS vendors and other organizations that must protect consumer privacy to achieve compliance with the PCI Data Security Standard (DSS). Initiated by MasterCard International and Visa in January 2005, the PCI DSS is a set of twelve multifaceted regulations that represent a unified industry standard for protecting cardholder data that is stored, transmitted or processed. The PCI DSS must be implemented by all members, merchants and service providers that store, process or transmit cardholder information. Fines for non-compliance can range up to 500,000 USD per incident. Princeton Softech provides enterprise data management solutions that address critical business issues.Details
Australia will offer Travelex Cash Passports at 3,200 outlets allowing
travelers to refill cards in the amount and currency of their choice at
local post offices. The cards can then be used as a credit card or to
withdraw funds from any VISA ATM across the world, requiring no
bank account. Last year,4.8 million Australian travels were overseas.
The OKI Group held opening ceremonies for its recently relocated
manufacturing division, OSZ. The company’s new facility in
Shenzhen, China is twice the size of the previous and will triple
production of OSZ’s ATM and printer manufacturing. It is a four-story
building with 52,000 square meters of floor space and enough room
for future expansion.This will meet with the company’s growth reflected
in the shipment of over 200 thousand printers and slightly under 20
thousand ATMs last year. The company plans to increase this to 600
thousand printers, 30 thousand ATMs (including main units) a year.
ILOG’s “JRules” has been selected by ANZ for the automation of residential
mortgage loan applications. ILOG’s team will support ANZ through the phases
of the Mortgage Automation Program with the best practice approach. The
company is a global provider of Business Rule Management System software
(BRMS) upon which over 2,500 corporations and 465 leading software
vendors rely. ANZ has 1,265 worldwide points of representation, including
781 branches in Australia, and more than six million customers worldwide.
RDM “SYNERGY”‘s all-in-one payment terminal has been
given Class B certification by Chase “Paymentech”. “Paymentech”,
a joint venture between JPMorgan Chase & Co. and First Data
Corp., is a merchant acquirer accepting payments at the point-of-
sale that processed approximately 18.2 billion transactions in 2006,
with more than $660.6 billion in annual bankcard and debit volume.
With this development, Chase “Paymentech” customers can use
RDM’s payment platform technology for imaging, MICR reading,
and terminal applications. The company’s Class B certification
encompasses credit, debit and check electronification.
Verifone Holdings has announced that it has signed agreements
with Nigerian transaction switching and electronic payment
processing company InterSwitch. This will allow inter-bank
electronics payments for Nigerian cardholders with deployment
of VeriFone’s GPRS-enabled “Vx 610” payment systems to
Interswitches’ bank and merchant customers. Interswitch unites
banks onto the same ATM and POS network, providing integration
to 23 out of the 25 banks in the country. Using wireless technology,
the “Vx 610″system delivers high-speed functionality and ease of
use without tying customers to a fixed location. It is owered by
a 32-bit processor for quick transactions.
Fiserv has announced that Banco Ahorro Famsa has chosen
their solutions to provide banking core, treasury, anti-money
laundering and risk management solutions. The bank received
certification by the supervisory government agency Comision
Nacional Bancaria y de Valores (CNBV) in early January 2007 to
initiate operations and will conduct business with the general public.
Plans include the establishment of 300 branches in Grupo Famsa
S.A. de C.V. stores in Mexico by 2008. Fiserv will support the
bank through expansion with client service.
Wincor Nixdorf has signed agreements to supply up to 10,000 kiosk
systems, based on Beetle Systems, to Reliance Money(R-Money)
through AGS Infotech. This is part of R-Money’s effort to give
customers access to its transaction portal permitting secure online
share trading. AGS provides IT solutions for retail and banking and
has already installed 2,500 of the kiosks.
A survey has demonstrated that of 511 large companies in Western
Europe, 60% are unfocused on preparing for the SEPA introduction.
Moreover, less than 30% are preparing for parallel initiatives, such as
globalization of messaging standards. If unprepared for SEPA when
implemented, company treasury departments could lack funds to
execute payments and incur higher bank fees.
Oberthur has received EAL +4 certification on its “ID-One ePass”,
giving European Union members commercial source of electronic
passports. This also certifies that the solution meets Basic Access
Control requirements and “Active” security. This gives the group an
advantageous position in the ID market with a comprehensive edge
in the e-passport market. The company had sales of 524 million euros
in 2006 in card-based solutions, software and applications.