UATP Signs a New Regional Sales Manager

UATP has hired Marguerite Lennon from Continental Airlines as a new Regional Sales Manager. Lennon will focus on the recruitment of new airline issuers and merchants in North America and the Asia-Pacific region. Lennon was a Senior Sales Director at Continental and brings more than 20 years of airline industry experience including Trans World Airlines. UATP accounts are accepted as a form of payment for corporate business travel by more than 200 airlines worldwide.

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Hannspree Selects NCR RealPOS and Retail Pro

Hannspree has selected NCR “RealPOS” technology and “Retail Pro”
software from Island Pacific to automate the POS as the company makes
its debut in the U.S. consumer electronics market. The Company
specializes in the manufacture of liquid-crystal display products for
televisions as well as desktop, notebook and tablet personal computer
screens. The sale includes NCR “RealPOS 70” terminals, NCR “RealPOS”
printers and NCR “RealScan 37” hand-held bar-code scanners. Duncan &
Associates is responsible for the sale while Big Hairy Dog Information
Systems is providing the “Retail Pro” POS software.

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KEB to Launch an Unsecured Foreigners-Only-Card

Korea Exchange Bank is set to launch a new foreigners-only-card
next week. The credit card does not require the usual security deposit
for foreign cardholders. The collateral deposits can run above
US$10,000. The new KEB card will be based only on income as long as the
cardholder is employed by a major firm. KEB says it also plans to
establish a English call center to support the program.

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AGs Demand Explanation from CardSystems

The attorneys general of 44 states sent a pointed letter to Atlanta-based CardSystems Solutions this week. The AGs are demanding the processing company explain how their system was breached to permit access to data on as many as 40 million cardholders. The AGs want to know what steps have been taken to reduce the harm to consumers and the Company’s plan to prevent future breaches. The AGs also want CardSystems to explain how many consumers were affected in each state. The letter asks for a reply by July 25. Michigan Attorney General Mike Cox said: “The breadth of this breach and the fact the company should not have been retaining the sensitive data compromised, makes this breach particularly egregious.”

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EMV TRANSACTION

Moneris Solutions this week demonstrated Canada’s first full data EMV
chip transaction under VISA Canada’s “Chip Migration Program.” Exactly
two years ago, VISA announced its initiative to migrate to EMV smart
cards in Canada. VISA expects all Canadian issuers to be EMV-ready by 2010. This week, Moneris President and CEO Jim Baumgartner carried out the first EMV transaction at CreArtive Custom Framing in Toronto. Moneris has been in full support of EMV chip developments in Canada since VISA Canada announced its chip migration plans in 2003. Moneris is the first acquirer to receive certification by VISA Canada to process and settle chip transactions. (CFI Library 6/26/03)

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First Data SVP Becomes a TNB EVP

Dallas-based TNB Card Services has hired Scott Wagner, formerly SVP/Client Development at First Data, as EVP, managing the day-to-day operations of the company. Wagner brings more than 20 years of experience in corporate and entrepreneurial business management to TNB. Wagner was most recently senior vice president, client development, at First Data Corporation, Inc. He also has a bachelor’s degree in finance and banking, and a master’s degree in finance and investment from the University of Nebraska. TNB Card Services is owned and directed by credit unions and provides full-service credit and debit card processing for 450 financial institutions and manages more than 1.6 million cards.

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Call Center Security Breach is Exposed

A British reporter was able to purchase credit card information on 1,000 U.K. cardholders in India for $5,000. The Sun newspaper reporter says the information was supplied by Delhi call center staff working for major British credit card issuers. The Sun says the information was provided on a CD and included names, dates of birth, telephone numbers, addresses, passwords, answers to security questions, as well as the CVV/CVC security code. The reporter said the supplier usually charges about $7500 for information on 1,000 accounts and said he could supply 2,000 accounts per month.

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ADCB Deploys Fair Isaac’s Debt Manager

Abu Dhabi Commercial Bank is implementing Fair Isaac’s “Debt Manager” collections and recovery solution to support its retail banking
receivables business. The solution will help Abu Dhabi Commercial Bank
fast-track the entire recovery process, reduce collections costs and
optimize operational efficiency by increasing collector performance and
productivity. “Debt Manager” is a highly configurable, flexible software
application capable of managing millions of accounts with thousands of
users operating at a single site or across multiple locations. ADCB is
among the top banks in the UAE, with assets of AED 38.393 billion.

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Select Payment Processing Signs Olan Mills

Jack Henry’s Select Payment subsidiary has landed Olan Mills Portrait Studios as a client for electronic check processing. Olan Mills makes high-quality, affordable portraits available to families everywhere through traditional studio and department store locations throughout the United States. Jack Henry & Associates, Inc. is a provider of integrated computer systems and processor of ATM/debit card/ACH transactions for banks and credit unions.

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STM Offers a Single Chip for POS Terminals

Geneva-based STMicroelectronics has launched the world’s first chip to integrate all functions for detecting physical and environmental
intrusion required by the major security standards. The new security
supervisor chip family for the POS terminal market consists of the
“STM140x” series of chips. The “STM140x” is designed for use in the
“High Security Module” of point-of-sale terminals, standalone cash
dispensers and card authorization systems worldwide, as well as in
electronic cash registers, PC-based cash drawers, vending machines and
signature-capture devices. The “STM1403” is available now and the
“STM1404” is expected to be available in sample quantities in the third
quarter. The “STM1403” is priced between $1.50 and $1.65 each.

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Super A Foods Offers a DRFS STV Card

Super A Foods, a Los Angeles area grocery chain for Hispanics is now offering prepaid stored value debit cards from Direct Card Services. Super A Foods will promote and market the debit card through 140,000 printed pieces of grocery advertisements and offers each week, mailed directly to Super A’s customers who are Spanish-speaking residents. Direct Response Financial Services, Inc. provides financial, technology and marketing solutions in the emerging stored value marketplace and specializes in the delivery of branded and co-branded stored value products

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