VISA Offers Special Access to Film Festival

This September at the Toronto International Film Festival, coveted
passes and coupons will go to Visa cardholders first. The VISA
exclusive advance purchase opportunity takes place July 10th to the 16th.
This exclusive card benefit allows Visa cardholders to purchase passes
and coupons a full week before they go on sale to the general public.
The Visa Screening Room pass, a highly-coveted package at the Festival,
guarantees access to eight of the most anticipated premieres at the Visa
Screening Room, located at the Elgin Theatre.

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Oberthur Card Systems Names a New CFO

Los Angeles and France-based Oberthur Card Systems has hired Francois Riviere, formerly with Schlumberger, as CFO. Francois Riviere, 53, was formerly CEO of WILSON GESTION. Previously, Francois was CFO within PROUVOST / V.E.V. Group. He started his career in SCHLUMBERGER Group as controller of the subsidiaries in France and the UK. Francois Riviere replaces Cyril Malher who, after 6 years with Oberthur Card Systems, is leaving the Company. Oberthur Card Systems is one of the world’s leading providers of card-based solutions, software and applications including SIM and multi-application smart cards as well as services ranging from consulting to personalization.

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Banco Bradesco to Deploy Fujitsu’s Security Solution

Banco Bradesco is preparing to launch Fujitsu’s new biometric security solution that scans palm vein patterns to verify user identification in bank ATM transactions. Fujitsu’s “PalmSecure” solution
captures the palm vein pattern of the user and compares it with pre-registered data to authenticate the user’s identity. The sensor can be used in PCs, ATMs and for building and room access. Bradesco has been testing the product internally. Fujitsu introduced the world’s first palm vein-based biometric authentication system in March. (CFI Library 3/9/06)

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Pipeline Data Hits 40,000 U.S. Accounts

MA-based Pipeline Data has completed the acquisition of Paynet Systems to bring its merchant portfolio to 40,000 accounts. The purchase of Paynet Systems, Inc. along with the recent acquisition of Valadata, Inc. will provide an additional $390,000 in monthly cash flow to Pipeline. Pipeline Data Inc. provides integrated credit card transaction processing services for merchants in three key areas: wireless mobile payment, e-commerce solutions and retail merchant payment. Pipeline Data services more than 40,000 accounts.

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e-Smart Technologies Board Adds Messina

VA-based e-Smart Technologies has named Gary Messina to its Board of Directors. Mr. Messina has nearly three decades of public & private information technology infrastructure experience and expertise. Mr. Messina is a Corporate Director for L-3 Communications Headquarters’ Operations, responsible for Homeland Security and Defense Operations domestically and internationally, which involves all of L-3 Communications. e-Smart is the exclusive licensee in the US and Asia of the Super Smart Card(TM), the Super Smart Passport(TM) and the Biometric Verification Security System (BVS2)(TM).

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House Attacks Online Gambling and Cards

The U.S. House this week approved legislation to prohibit the use of credit cards to settle online bets. The vote was 317 to 93. The bill also gives law enforcement authorities the authority to assist Internet providers with blocking access to gambling websites. The “Internet Gambling Prohibition and Enforcement Act” is the product of two bills from Rep. Bob Goodlatte (R-VA) and Rep. James Leach (R-IA). Congress has made past attempts to curb online gambling. Online gambling has been estimated to be a $12-billion per year industry.

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MasterCard to Launch One Global Platform

MasterCard is gearing-up to integrate all authorization transactions onto a single, global platform by the second half of next year. Towards that end, MasterCard has finalized standardized rules and capabilities for authorizing a payment card transaction and has enabled the enhancement of intelligent edge devices that exist locally at partner banks. These devices allow transactions to be managed at the edge of the network instead of requiring centralized processing through MasterCard’s own systems. MasterCard can integrate these new technologies on behalf of banks until the volume of activity warrants investment by the bank to provide the service itself. MasterCard says the global authorization platform will transitioned to all banks by late 2009.

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Symbol Technologies to Resell HYC Terminals

NY-based Symbol Technologies has agreed to resell Hypercom’s “Optimum” series of multi-lane payment terminals in North America with plans to expand into global markets. Under the terms of the agreement, Hypercom will manufacture Symbol branded secure electronic payment devices for resale by Symbol to meet the varying needs of its customers. This relationship will enable Symbol to continue to serve customers in the United States needing fixed point-of-sale payment solutions, as well as potentially open new market opportunities throughout Canada, Latin American, Asia-Pacific, Europe, Middle East and Africa with a larger product portfolio. Symbol Technologies, Inc., The Enterprise Mobility Company(TM), is a recognized worldwide leader in enterprise mobility, delivering products and solutions that capture, move and manage information in real time to and from the point of business activity. Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services.

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Chase Card Services Sponsors Army Tour

Chase Card Services is co-sponsoring the “Army Concert Tour,” a series of live country, rock and hip hop concerts spanning four months and a good part of the U.S. American Idol winner Carrie Underwood and former contestant Bo Bice are among the performers featured during the tour, along with country artists Josh Turner, Jamie Johnson, Dierks Bentley, and Trent Willmon. Rock fans will enjoy the legendary Lynyrd Skynyrd, 3 Doors Down, Cowboy Mouth, and more. Among hip hop and R&B artists performing are Dem Franchize Boyz, Young Dro, LeToya, and Cherish. JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services firm with assets of $1.2 trillion and operations in more than 50 countries.

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NAFCU to Endorse Affinion’s PrivacyGuard

NAFCU Services Corporation, a subsidiary of the National Association of Federal Credit Unions will announce today an endorsement of Affinion Group’s “PrivacyGuard ID” theft protection service. NAFCU will also endorse Affinion Group’s value-added checking services and “Accidental Death & Dismemberment” insurance programs. The “PrivacyGuard” service offers: daily credit monitoring, credit reports and insurance. Affinion has “Preferred Partner” status with NAFCU and was subject to a thorough due diligence process, and evaluation by an independent third party against top peers through competitive RFPs. Affinion Group has more than 4,500 affinity partners.

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Kabira Technologies Hires a New CTO

Transaction processing software specialist, Kabira Technologies, as named Mark Phillips, as Chief Technology Officer. Phillips has over 30 years of technology and software development expertise and holds 15 transaction processing-related patents. Prior to joining Kabira, Phillips was most recently the Chief Technology Officer at Knowmadic, Inc., a provider of web services-based business process orchestration technologies. Kabira provides high performance transaction processing software for global enterprises to manage high volumes at a substantially lower cost.

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