According to analysis by the Identity Theft Assistance Center, two out of three identity theft victims are over age 40. Broken out by age group, the more than 11,000 cases show 12% of victims were ages 18 to 29, 19% of victims were ages 30 to 39, 24% of victims were ages 40 to 49 and 23% of victims were ages 50 to 59. ITAC is partnering with academic and research organizations, including Utica College’s Center for Identity Theft Management and Information Protection (CIMIP). CIMIP’s analysis will provide a better understanding of who is at risk, the geography of victims and the sources of identity theft. The Identity Theft Assistance Center is a nonprofit dedicated to fighting identity theft through victim assistance, research and law enforcement partnerships.Details
First Data International has acquired POLCARD for $325 million, giving the
company an advantage in the Polish market of 39 million with an
expanding electronic commerce market. With the acquisition, First Data
will take over POLCARD’s 58,000 card acceptance terminals for POS, online
transactions and 1700 ATMs. POLCARD processed 170 million transactions annually and
had revenues of $44 million in 2006. First Data serves 4.9 million merchant
locations, 1,900 card issuers and their customers. In Central Europe,
First Data manages more than 11 million cards, more than 100,000 POS terminals and
8,500 ATMs for banks and merchants throughout the region.
Global Payments Europe has announced its expanded use of Level Four
Software to extend ATM service to Slovakia and Poland. Because the
demand for electronic payment service is expected to grow by 21.6% to
25.8 billion euro over the next 5 years in this region, Global Payments
implement Level Four’s ATM Developer to increase the ATM network
capacity. This software provides management solutions for NDC/912
based ATM networks and a graphical user interface, as opposed to a typical static screen display, to manage ATM configuration files for screen content and logical transaction flow. Established in 1995, Level Four has become a significant name in the ATM market. Global Payments Europe is a leader in providing cashless payment services and processing for corporate clients in the Czech Republic.
PT Bank International Indonesia (BII), with more than 700 ATMs, has
connected to ATM BERSAMA network of Artajasa, making it a network
of 11,900 ATMs from 68 different banks. This partnership is part of an
effort to improve BII customer service as well as to other banks’ customers. As a result, all BII debit cards can be used in the ATM Bersama network and cardholders can now get discounts at thousands of merchants throughout the country and given the ability to do online transfers. BII has 230 branches and 700 ATMs with a total customer deposit base of more than IDR 37 trillion. The Bank also has IDR 53 trillion in assets.
As a means of processing a growing number of transactions and providing a
technology foundation, Uniastrum Bank has committed to the use of BPC
Technologies’ “SmartVista” software products. This software will extend the
range of services available at ATMs and kiosks. Also, the “SmartVista”
implementation includes support for the comprehensive debit and credit card
issuing and acquiring functionality, EMV acquiring facilities, and multiple
interfaces to VISA International and MasterCard Worldwide international
CashBox has announced the appointment of David Auger as Chief Financial
Officer and Company Secretary as of April 2, 2007. Auger has been with
CashBox since February of 2007 and is a chartered accountant. He was
previously employed with PricewaterhouseCoopers and has extensive public
company experience through a number of senior group finance positions,
including ICI, Invensys and more recently CP Ships. Both the company and
Auger are looking forward to the new development.
Al Salem Bank will launch the first EMV-compliant chip-based smart ATM
card in Bahrain. The bank, which was incorporated in January of 2006,
will develop the ATM card to meet the POS and ATM security standards of
Europay, MasterCard and VISA. Complying with these standards greatly
reduces the possibility of fraudulent activity and theft.
To market its smart card solutions, Sagem Orga has signed distribution agreements with Sheltering ICT Security Solutions to focus on banks in Italy and larger issuers with operations in the country. The two companies plan to accomplish this through the implementation of contact EMV cards adhering to the latest CPS standards, online authentication solutions (CAP), contactless
smart cards (Paypass, VISA contactless) and will offer a comprehensive
personalization package, consultancy, training and professional project
management underpinning the technology. This agreement will also deliver a combined European service infrastructure for EMV banking cards to service the banking market in Italy. Sheltering is prominent in the EMV cards market and supplies solutions and services to Italian companies and financial institutions with integrated electronic security for payment transactions and identification.
Givex has announced the integration of their gift card
programs with Sweda POS systems. This will allow Givex users
real time transactions and Sweda POS customers round-the-clock
support services. Because of the increasing popularity of gift
cards, the integration is predicted to be beneficial to both
companies. Sweda Corp. provides open architecture point-of-sale
systems and support services to more than three thousand
supermarket and restaurant sites throughout the world.
Gemalto has introduced a digital security solution to assist in the
implementation of the international EMV standards established by Europay, Mastercard and Visa. The “EMV Pilot Package” will assist
financial institutions in complete EMV migration and includes microprocessor-based smart card technology to provide cardholders with digital security, personalization services and consultation. Gemalto offers external support and will also train internal card-issuing teams on EMV. Also offered by the “Pilot Package” solution is data preparation,personalization and fulfillment of the cards. Gemalto had 2006 annual revenues of 1.7 billion euro, operations in about 100 countries and over 10,000 employees including 1,500 R&D engineers.
Synovate has conducted a study of 172 Canadian parents and 1,424 parents
around the world of children aged 5-17 years. The study shows that 82% of Canadian parents surveyed teach their children how to save money and 72%
teach children how to compare prices for the best deal. The study also
demonstrates that 25% of parents around the world give their children a set
allowance on a regular basis, led by S. Africa at 34% and Canada at 32%.
Furthermore, although nearly 50% of Canadian parents surveyed provide their children with some type of allowance, 74% require that they have at
least some input as to how the money is spent. The sharpest contrast, however, was
seen in perspectives on saving for education; 60% of Chinese and 55% of Cypriot parents parents involve their children in saving for their education, while 69% of Canadian parents say that their children play no part in saving for their education.
Altair Financial has acquired U.S.-based international payment
processor, Symmetrex Inc. This acquisition allows Altair increased
availability and financial applications, decreasing processing
rates and improving customer service. Symmetrex also provides
expertise in the pre-paid card market. Altair is a global
provider of Prepaid Card solutions offering compatibility with
both open and closed loop programs.