Experian Become CIFAS Member

Experian has achieved an industry first by becoming an accredited CIFAS member. The company is one of just 14 out of 255 members with this accreditation following three separate compliance reviews by CIFAS over three years. To attain the accreditation, the fraud team had to demonstrate best practice in all areas, with all its procedures being thoroughly examined by independent consultants employed by CIFAS. The review also covered staff training and the handling of complaints.

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DRV Capital Buys Credit Card Portfolios

Debt Resolve’s subsidiary DRV Capital has purchased its first two portfolios of distressed debt with a face value of $8 million. The portfolios purchased include a credit card portfolio sourced to college students and a payday loan portfolio. Debt Resolve provides lenders, collection agencies, debt buyers and any holder of consumer accounts receivables an online bidding platform and a suite of tools for the resolution and settlement of consumer debt.

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Mellon Introduces Gift Cards

Mellon technologies announced the availability of gift cards for retail
customers earlier this week. The new cards are expected to be effective
for maintaining customer loyalty and generating revenue. The gift card is
used just as a credit card and provides a simple solution for gift giving.
Mellon Technologies is one of the largest Greek IT companies with a leading
role in the electronic transactions market.

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First Data, Microsoft and HP POS System

First Data, Microsoft and HP have combined forces to develop management software programs and retail-ready computer hardware in a small business point of sale solution with features that until recently were only available to large retailers. The First Data “POS Value Exchange” replaces a cash register and traditional point of sale terminal with a computer-based system that offers a complete store management solution with greater information security, speed of transactions and more flexible payment options for customers. POS Value Exchange is designed for smaller retailers, typically with a single store location with up to five lanes.

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STORM UPT9000

A new “Unattended Payment Terminal” has been introduced that predicts
your next purchase and screens video content or high resolution graphics
to promote that purchase. A drive up restaurant chain is planning to use
the payment card device to offer active video content to reinforce its
television advertising campaign and to promote the purchase of ice cream
and other up-sell products. The new “UPT9000” from Storm Interface is
intended specifically for use in unattended or outdoor locations. It
features an armored interactive video screen and brightly colored
illuminated push buttons. Chicago- and London-based Storm said the
terminal could also be used to check-in to your hotel as it asks if you
would like show tickets for the evening. At the same time, it screens
highlights from the show. When you check out, it asks if you would like
to pre-pay for a cab to the airport and have flowers sent to your spouse.

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MiCash and Provitel Offer Pre-Paid VISA

MiCash has joined with Provitel to offer the MiCash VISA Prepaid Debit Card to its new and existing clients via a strategic Spanish outbound telemarketing campaigns. MiCash Corporation is a provider of prepaid debit cards with remittance capability for America’s underserved markets. Based in the Dominican Republic, Provitel is a leader in customer care, telemarketing, technical support and other call center services.

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Lloyds TSB Launches Pre-Paid Travel Money Card

Lloyds TSB has introduced a pre-paid “VISA Travel Money Card.”
The new card can be pre-loaded, with between GBP150 and GBP3,000 in either Euros or US Dollars and costs GBP7.50. The card can be topped up with a minimum of GBP50 over the phone while travelers are overseas.
The card is valid for two years allowing travelers to save unused cash
from one trip for their next holiday. At the end of the two years any
unused funds can be transferred to a new card or sent back to the
customer.

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OTI Completes Supercom Asset Acquisition

OTI designs and develops secure, no-contact smart card technology to address the needs of a wide variety of markets. The Company acquired SuperCom’s International Project Solution
Division allowing the company access to an end-to-end ID solution. As a
result, in house-operation replaces the need to outsource solutions.The transaction is also expected to increase earnings for 2007 and
accelerate OTI’s growth rapidly. OTI has a global network of regional
offices to market and support its products.

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GlobalSTORE and PayPilot Integrate

Fujitsu Transaction Solutions and Accelitec have successfully integrated Accelitec’s “PayPilot” suite of transaction solutions with Fujitsu’s “GlobalSTORE” (POS) and “CustomerCENTER” loyalty applications. Customer transactions at the integrated POS can be tendered through automated clearing house (ACH), prepaid or stored-value, credit card and loyalty accounts via RFID-based technology embedded in cards, key tags and – increasingly – cell phones. This enables retailers to actively manage payment types to reduce the cost of transactions.

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More Phishing Attacks Target CUs

VA-based Cyveillance reports that demand for its “Cyveillance Anti-Phishing” solution soared by 450% among credit unions and regional banks last year, validating a growing trend in phishing attacks targeting small to medium sized organizations. Phishers are becoming more sophisticated in their attacks and targeting what they perceive as more vulnerable consumers – credit unions account for over 30% of all targeted phishing attacks against businesses regardless of size or industry. As counterfeit sites are identified, Cyveillance instantly delivers the intelligence about each attack to the targeted organization, enabling credit unions to take the appropriate security measures to take down the fraudulent site, eliminating the threat of identity theft and fraud to unsuspecting online customers. The service includes the industry’s first and only Service Level Agreement (SLAs) for phishing site take-down in 5 hours or less. In addition, Cyveillance can provide credit/debit card monitoring services for credit unions to proactively identify stolen card and personal information being openly sold or traded on the Internet, minimizing losses due to credit card fraud.

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