POSA IP

Precidia Technologies and InComm have teamed to offer U.S. merchants an IP-based solution for point-of-sale activated prepaid wireless air time cards. Using Precidia’s Internet Protocol access devices, InComm is able to connect merchants’ terminals to a LAN/WAN using TCP/IP, improving transaction times by 50% and reducing costs by eliminating the need to use other networks. InComm recently introduced Precidia’s “Ether232s” into Valero/Ultramar Diamond Shamrock locations. They plan to promote and implement the solution into other convenience stores over the next several months.

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NYCE EMS

Dallas-based BillMatrix has been certified as the first bill payment processor to the NYCE Network’s “Enhanced Message Structure” specification. This certification enables BillMatrix to provide electronic bill payment capabilities to a potential universe of 52 million NYCE-branded ATM/debit cardholders at more than 2,200 financial institutions. NYCE recently modified its infrastructure to enable new types of transactions to flow through its real-time switch for the purpose of more revenue generating opportunities for NYCE participants. Under the BillMatrix program, the customer payment information is collected and routed to NYCE. NYCE switches the transaction, settling the funds between the customer’s financial institution and biller. BillMatrix then updates the consumer’s account with the biller in real-time or by batch processing. The respective debit appears on the cardholder’s account statement in the normal course of transaction reporting. BillMatrix provides automated bill payment solutions via the Internet and telephone using a variety of credit card, ATM card, and electronic check payment options.

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PAY-SHIELD

Cambridge-based nCipher has launched “payShield”, an advanced hardware security module designed for the payment processing market. The company says “payShield” is the first HSM to satisfy both the cryptographic security and performance requirements of MasterCard’s “UCAF” and VISA’s “3-D Secure” initiatives to combat fraudulent online purchases. nCipher has partnered with leading e-payment solution providers Arcot Systems and Cyota to ensure full interoperability, optimal performance and ease of deployment for card issuers. Arcot “TransFort” and Cyota “SecureSuite” software products employ nCipher’s “payShield” to perform specific cryptographic functions including; protecting the database of cardholder information through encryption, performing cardholder verification processes and creating digitally signatures to confirm cardholder authentication to merchants creating a legally binding record of the process. “payShield,” which is currently undergoing validation to meet the exacting FIPS 140-2 Level 3 security standard, also provides high-speed cryptographic acceleration to overcome the heavy processing burden associated with these functions. “payShield” pricing starts at $25,000.

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CyberSource PAS

CyberSource said this morning it plans to release its new “Payer Authentication Service” in the USA and UK next week. The new service will offer merchants access to both VISA’s “Verified by Visa” and MasterCard International’s authentication program, as well as complementary fraud protection services. The CyberSource “PAS” can be used in conjunction with a merchant’s existing payment system, or accessed in combination with CyberSource payment services for a single, authenticated payment solution. The “Verified by VISA” cardholder-authentication service, based on the “3-D Secure” standard, deters unauthorized card use and provides chargeback protection for participating merchants. MasterCard’s authentication program is based on the “Universal Cardholder Authentication Field”, which supports a broad spectrum of issuer security solutions and offers similar cardholder and merchant protections.

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HUDSON TRIAD

Hudson’s Bay Company has selected Fair, Isaac’s latest release of “TRIAD” adaptive control system to increase customer value and boost portfolio profitability. Hudson’s has been a user of Fair, Isaac’s “Strategy Machine” solutions in credit account management since 1996. “TRIAD” allows the retailer to apply Fair, Isaac’s analytic and decision technology along with business expertise to automate key credit decisions while managing customer accounts. Hudson’s Bay has more than 500 stores led by the Bay and Zellers chains and employs 70,000 associates.

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Cubic Deal

San Diego-based Cubic Transportation Systems has nailed a $26 million contract from the San Diego Metropolitan Transit Development Board and the North County Transit District, to provide a regional integrated smart card-based automatic fare collection system for the county’s buses, trolley, Coaster Commuter Rail and future expansion of the light rail system. The project encompasses all of San Diego’s existing and new rail systems as well as all fixed-route and express buses. Cubic is providing a turnkey system that includes rail ticketing equipment, transit ticket vending machines, smart card validators for rail and bus lines, handheld units for code compliance enforcement, and Cubic’s Nextfare Business Management System, a complete backend administrative and revenue management system. In March, the Los Angeles County’s Metropolitan Transportation Authority approved a Cubic contract for a smart card-based system throughout L.A. County. When finished, it will be the largest smart card transit fare collection system in California.

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PIN Debit Transactions

Another survey confirms the results of a recent CardWeb.com homepage poll which showed that consumers are equally divided when it comes to using a PIN or signature with a debit card at the POS. A survey conducted for Paymentech revealed that 50% of consumers prefer to use a PIN with a debit card purchase transaction. However, the Paymentech survey found that 56% of consumers believe the use of a PIN at the point of sale is more secure. The survey of 400 debit cardholders also revealed that 23% believe a PIN is a faster transaction. About 10% of debit cardholders say the best thing about using a PIN is it eliminates the need to give the card to the cashier, while 4% say they like the fact that they do not have to sign the sales receipt. The informal poll conducted on CardWeb.com during August showed 52% of consumers prefer to sign for debit card purchases instead of using a PIN. Approximately 1,000 consumers participated in the poll. (CF Library 9/13/02)

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