Tuesday, March 23, 2010

22nd Annual Card Forum And Expo

Join the Growing List of Issuers, Merchants and Payment Networks Attending Card Forum

Having trouble viewing this email? View as web page. To ensure receipt of SourceMedia Conferences emails,

please add conferences@m.sourcemediaconferences.com to your address book.




22nd Annual Card Forum & Expo
 
Join the Growing List of Issuers, Merchants and Payment Networks Attending Card Forum.
Don't miss a great opportunity to be among payments executives, industry veterans and leading innovators at the 22nd Annual Card Forum & Expo. Join us on May 16-18, 2010 at the Hyatt Regency Grand Cypress in Orlando, FL.

Here are just some of the organizations you'll meet at the event:

  • AAA

  • Alliant Credit Union

  • Amalgamated Bank of Chicago

  • American Bank and Trust

  • American Express

  • ATB Financial Card Services

  • Bank of America

  • Bank of Zachary

  • Barclaycard US

  • BB&T

  • BECU

  • Bremer Bank

  • Bridgewater Bank

  • Canadian Tire Financial Services

  • Centerstate Bank

  • Citigroup

  • Citizens Financial Group

  • Desjardins

  • Fifth Third Bank

  • First Bank of Delaware

  • First Interstate Bank

  • First Midwest Bank

  • Great Southern Bank

  • HSBC

  • IBM Southeast FCU

  • ING Direct USA

  • Laurentian Bank of Canada

  • Maduro & Curiel's Bank

  • Meridian Credit Union

  • Metris Companies, Inc.

  • Morgan Stanley Smith Barney

  • National Bank of Canada

  • Pentagon FCU

  • PNC Bank

  • Public Savings Bank

  • RBC Bank (USA)

  • Saratoga FCU

  • SchoolsFirst FCU

  • Scotiabank

  • Sharonview FCU

  • Silicon Valley Bank

  • SMBC

  • SunTrust Banks, Inc

  • TD Bank

  • Union Privilage AFL-CIO

  • USAA Federal Savings Bank

  • Wells Fargo Card Services

 RETAILERS
  • Benjamin Moore & Co.

  • Cineplex

  • J C Penney

  • New York & Co.

  • Sears Holding Company

  • Target

 PAYMENT NETWORKS
  • Creditbanco Visa Colombia

  • Discover Financial Services

  • MasterCard Worldwide

  • Visa, Inc.

 ANALYSTS / CONSULTANTS
  • Deutsche Bank

  • FG Companies LLC

  • J D Power and Associates

  • Javelin Strategy and Research

  • Lazard Capital Markets

  • Mercator Advisory Group

  • Philliou Selwanes Partners

  • TowerGroup



REGISTER NOW!

Register ONLINE

or call Joe Frega at 212.803.8348



GOT A QUESTION

FOR A SPEAKER?


Enter your question here and we'll be sure to ask it at the conference.



HOTEL DEADLINE

SourceMedia has secured a block of rooms at a special rate at the Hyatt Regency Grand Cypress. To make your reservations call the Hyatt directly at (407) 239-1234 and mention you are a 22nd Annual Card Forum & Expo attendee. The hotel discount will expire on April 9, 2010.



SPONSORSHIP OPPORTUNITIES

Contact Maura Parrish at 212.803.6563


*SourceMedia cancellation policies apply. All special offers are valid for NEW registrants only and cannot be applied to current registered attendees. Offers are not transferable and cannot be combined with any other offer. Please call our Customer Service department at 800-803-3424 or 212-803-6093 if you have any questions.
You are currently subscribed to Card Forum & Expo as: jfrank@homeatm.net

To Unsubscribe from receiving further emails about Card Forum & Expo, Click Here.

To Opt-Out of receiving any further emails from SourceMedia Conferences or to update your promotional preferences for other SourceMedia lists, Click Here.
Customer Service: 800-803-3424, SourceMedia, One State Street Plaza, 27th Floor, New York, NY 10004 | conferences@sourcemedia.com

22nd Annual Card Forum And Expo

Join the Growing List of Issuers, Merchants and Payment Networks Attending Card Forum

Having trouble viewing this email? View as web page. To ensure receipt of SourceMedia Conferences emails,

please add conferences@m.sourcemediaconferences.com to your address book.




22nd Annual Card Forum & Expo
 
Join the Growing List of Issuers, Merchants and Payment Networks Attending Card Forum.
Don't miss a great opportunity to be among payments executives, industry veterans and leading innovators at the 22nd Annual Card Forum & Expo. Join us on May 16-18, 2010 at the Hyatt Regency Grand Cypress in Orlando, FL.

Here are just some of the organizations you'll meet at the event:

  • AAA

  • Alliant Credit Union

  • Amalgamated Bank of Chicago

  • American Bank and Trust

  • American Express

  • ATB Financial Card Services

  • Bank of America

  • Bank of Zachary

  • Barclaycard US

  • BB&T

  • BECU

  • Bremer Bank

  • Bridgewater Bank

  • Canadian Tire Financial Services

  • Centerstate Bank

  • Citigroup

  • Citizens Financial Group

  • Desjardins

  • Fifth Third Bank

  • First Bank of Delaware

  • First Interstate Bank

  • First Midwest Bank

  • Great Southern Bank

  • HSBC

  • IBM Southeast FCU

  • ING Direct USA

  • Laurentian Bank of Canada

  • Maduro & Curiel's Bank

  • Meridian Credit Union

  • Metris Companies, Inc.

  • Morgan Stanley Smith Barney

  • National Bank of Canada

  • Pentagon FCU

  • PNC Bank

  • Public Savings Bank

  • RBC Bank (USA)

  • Saratoga FCU

  • SchoolsFirst FCU

  • Scotiabank

  • Sharonview FCU

  • Silicon Valley Bank

  • SMBC

  • SunTrust Banks, Inc

  • TD Bank

  • Union Privilage AFL-CIO

  • USAA Federal Savings Bank

  • Wells Fargo Card Services

 RETAILERS
  • Benjamin Moore & Co.

  • Cineplex

  • J C Penney

  • New York & Co.

  • Sears Holding Company

  • Target

 PAYMENT NETWORKS
  • Creditbanco Visa Colombia

  • Discover Financial Services

  • MasterCard Worldwide

  • Visa, Inc.

 ANALYSTS / CONSULTANTS
  • Deutsche Bank

  • FG Companies LLC

  • J D Power and Associates

  • Javelin Strategy and Research

  • Lazard Capital Markets

  • Mercator Advisory Group

  • Philliou Selwanes Partners

  • TowerGroup



REGISTER NOW!

Register ONLINE

or call Joe Frega at 212.803.8348



GOT A QUESTION

FOR A SPEAKER?


Enter your question here and we'll be sure to ask it at the conference.



HOTEL DEADLINE

SourceMedia has secured a block of rooms at a special rate at the Hyatt Regency Grand Cypress. To make your reservations call the Hyatt directly at (407) 239-1234 and mention you are a 22nd Annual Card Forum & Expo attendee. The hotel discount will expire on April 9, 2010.



SPONSORSHIP OPPORTUNITIES

Contact Maura Parrish at 212.803.6563


*SourceMedia cancellation policies apply. All special offers are valid for NEW registrants only and cannot be applied to current registered attendees. Offers are not transferable and cannot be combined with any other offer. Please call our Customer Service department at 800-803-3424 or 212-803-6093 if you have any questions.
You are currently subscribed to Card Forum & Expo as: jfrank@homeatm.net

To Unsubscribe from receiving further emails about Card Forum & Expo, Click Here.

To Opt-Out of receiving any further emails from SourceMedia Conferences or to update your promotional preferences for other SourceMedia lists, Click Here.
Customer Service: 800-803-3424, SourceMedia, One State Street Plaza, 27th Floor, New York, NY 10004 | conferences@sourcemedia.com

7 Growing Threats to Financial Institutions



Bank Info Security: The Heartland Payment Systems (HPY) data breach may be the fraud story of year (so far), but ATM and debit card thefts are growing steadily and frighteningly at financial institutions.
Witness the recent announcement by law enforcement in New York City that a criminal gang had stolen $500,000 from hundreds of customers' bank accounts via skimming devices that read and stored account information at Sovereign Bank branches in Staten Island. The gang installed cameras onto the machines, catching victims typing in their PIN numbers. They also used the information to clone the card information, according to police.
A recent survey by security vendor Actimize shows that almost 70 percent of financial institutions experienced an increase in ATM/debit card fraud claims in 2008 compared to 2007. Twenty-three percent of respondents say those claims jumped by 5 to 9 percent, while the rest noted growth of anywhere between 10 and 74 percent. These numbers are only expected to grow in 2009, as a result of the recession.

7 Growing Threats to Financial Institutions



Bank Info Security: The Heartland Payment Systems (HPY) data breach may be the fraud story of year (so far), but ATM and debit card thefts are growing steadily and frighteningly at financial institutions.
Witness the recent announcement by law enforcement in New York City that a criminal gang had stolen $500,000 from hundreds of customers' bank accounts via skimming devices that read and stored account information at Sovereign Bank branches in Staten Island. The gang installed cameras onto the machines, catching victims typing in their PIN numbers. They also used the information to clone the card information, according to police.
A recent survey by security vendor Actimize shows that almost 70 percent of financial institutions experienced an increase in ATM/debit card fraud claims in 2008 compared to 2007. Twenty-three percent of respondents say those claims jumped by 5 to 9 percent, while the rest noted growth of anywhere between 10 and 74 percent. These numbers are only expected to grow in 2009, as a result of the recession.

Bongo International Accelerates eCommerce Solutions with Website Translation



15 Language TranslationBongo International is the leading provider of shopping cart solutions for international mail and parcel forwarding. They are further solidifying their position as a leader in the industry by providing site translations into 15 languages spoken around the world. In addition to having the most online traffic on a daily basis, they are also the only parcel forwarding company to provide this valuable website translation.







 Although Bongo already has a thriving international presence, providing this translation will clearly improve usability and the overall customer experience.


(PRWEB) March 23, 2010 -- Bongo International is continuing to showcase growth within the cross border e-commerce industry. The company is proud to announce the latest addition, a site-wide translation into 15 languages. BongoUS.com provides international consumers with a U.S. address as a consolidation point for all their U.S. purchases.



15 Language Translation




The recent upgrade allows consumers in over 220 countries to manage their U.S. purchases and transact in their native language. The process is very simple for consumers to utilize; when the international consumer entershttp://www.BongoUS.com, the site will default to the browser's language setting. If the consumer chooses to change the setting back to English or to any other language, they have the ability to use the drop-down menu in the top right hand corner of the site.



Although Bongo already has a thriving international presence, providing this translation will clearly improve usability and the overall customer experience. There is a certain confidence that comes with being able to do business in one's native language, and the vast international customer-base demands this progression. Today, non-native-English speakers make up the majority of Internet users and that number keeps going up. While the ability to use a free internet translator has always been an option, the quality of those translations is frequently lacking. As a result, Bongo selected to receive human translation into the following languages: French, Spanish, German, Dutch, Russian, Italian, Brazilian Portuguese, Chinese, Norwegian, Finnish, Swedish, Japanese, Arabic, Hebrew, and Hindi. These include all of the top 10 ranked internet languages, as reported by the Miniwatts Marketing Group, with the top 2 languages being English and Chinese respectively.



Some of the key benefits for removing the language barrier are further explicated by information from the Common Sense Advisory. According to the Advisory and dating back to September 2006, "Nearly 3 out of 4 participants surveyed by Common Sense Advisoryagreed that they were more likely to buy from sites in their own languages than in English. Even more astounding, it was discovered through the surveys, that Global consumers will even pay MORE for products with information in their language." This adaption of translation will only serve to further propel Bongo International ahead of their industry competition.



"Given the prevalence of English in the world market, localization is not a requirement to participate in the expanding cross border e-commerce market. However, we have found that undertaking this effort has broadened our market, reduced Customer Service costs and builds loyalty as we continue to add value to the international customer experience," says Craig Turnbull, Bongo International's CEO.  



Bongo International provides an easy transition into international e-commerce for companies based throughout the United States and with varying products. By utilizing the international consumer`s U.S. Address, a retailer only has to ship their product domestically to Bongo`s warehouse in Bridgeport, Connecticut. Conversely, Bongo also provides the international consumer with the tools they need to make an online purchase from a U.S.-based site and have the item forwarded to them in a precise and orderly transaction. The BongoUStranslation is focused on making the relevant information for potential clients, both consumer and business based, more accessible. The website contains educational content about the varying components of Bongo's business, and employees strive to manage all logistical hardships by providing superior Account Management, Customs Compliance, Customer Service, and Transport services to all consumers.



About Bongo International

Bongo International is a premier provider of international shopping cart solutions to help retailers expand their business to international consumers. They fraud-screen international consumers and provide them with a U.S. address, giving them the ability to shop on U.S. websites. Bongo's integrated application can easily be implemented on a retailer's site through the use of hyperlinks, converting international consumers into fraud-free domestic orders. By providing a consolidation point for U.S. orders, Bongo can save the international consumer 82% off common carrier rates. Bongo International's application is currently active on more than 800 U.S. retail websites.

Bongo International's website can be found at BongoUS.com

Bongo International Accelerates eCommerce Solutions with Website Translation



15 Language TranslationBongo International is the leading provider of shopping cart solutions for international mail and parcel forwarding. They are further solidifying their position as a leader in the industry by providing site translations into 15 languages spoken around the world. In addition to having the most online traffic on a daily basis, they are also the only parcel forwarding company to provide this valuable website translation.







 Although Bongo already has a thriving international presence, providing this translation will clearly improve usability and the overall customer experience.


(PRWEB) March 23, 2010 -- Bongo International is continuing to showcase growth within the cross border e-commerce industry. The company is proud to announce the latest addition, a site-wide translation into 15 languages. BongoUS.com provides international consumers with a U.S. address as a consolidation point for all their U.S. purchases.



15 Language Translation




The recent upgrade allows consumers in over 220 countries to manage their U.S. purchases and transact in their native language. The process is very simple for consumers to utilize; when the international consumer entershttp://www.BongoUS.com, the site will default to the browser's language setting. If the consumer chooses to change the setting back to English or to any other language, they have the ability to use the drop-down menu in the top right hand corner of the site.



Although Bongo already has a thriving international presence, providing this translation will clearly improve usability and the overall customer experience. There is a certain confidence that comes with being able to do business in one's native language, and the vast international customer-base demands this progression. Today, non-native-English speakers make up the majority of Internet users and that number keeps going up. While the ability to use a free internet translator has always been an option, the quality of those translations is frequently lacking. As a result, Bongo selected to receive human translation into the following languages: French, Spanish, German, Dutch, Russian, Italian, Brazilian Portuguese, Chinese, Norwegian, Finnish, Swedish, Japanese, Arabic, Hebrew, and Hindi. These include all of the top 10 ranked internet languages, as reported by the Miniwatts Marketing Group, with the top 2 languages being English and Chinese respectively.



Some of the key benefits for removing the language barrier are further explicated by information from the Common Sense Advisory. According to the Advisory and dating back to September 2006, "Nearly 3 out of 4 participants surveyed by Common Sense Advisoryagreed that they were more likely to buy from sites in their own languages than in English. Even more astounding, it was discovered through the surveys, that Global consumers will even pay MORE for products with information in their language." This adaption of translation will only serve to further propel Bongo International ahead of their industry competition.



"Given the prevalence of English in the world market, localization is not a requirement to participate in the expanding cross border e-commerce market. However, we have found that undertaking this effort has broadened our market, reduced Customer Service costs and builds loyalty as we continue to add value to the international customer experience," says Craig Turnbull, Bongo International's CEO.  



Bongo International provides an easy transition into international e-commerce for companies based throughout the United States and with varying products. By utilizing the international consumer`s U.S. Address, a retailer only has to ship their product domestically to Bongo`s warehouse in Bridgeport, Connecticut. Conversely, Bongo also provides the international consumer with the tools they need to make an online purchase from a U.S.-based site and have the item forwarded to them in a precise and orderly transaction. The BongoUStranslation is focused on making the relevant information for potential clients, both consumer and business based, more accessible. The website contains educational content about the varying components of Bongo's business, and employees strive to manage all logistical hardships by providing superior Account Management, Customs Compliance, Customer Service, and Transport services to all consumers.



About Bongo International

Bongo International is a premier provider of international shopping cart solutions to help retailers expand their business to international consumers. They fraud-screen international consumers and provide them with a U.S. address, giving them the ability to shop on U.S. websites. Bongo's integrated application can easily be implemented on a retailer's site through the use of hyperlinks, converting international consumers into fraud-free domestic orders. By providing a consolidation point for U.S. orders, Bongo can save the international consumer 82% off common carrier rates. Bongo International's application is currently active on more than 800 U.S. retail websites.

Bongo International's website can be found at BongoUS.com

Industry Leader Burroughs Helps Customers Adjust to New Ways Banks and Other Businesses Execute Transactions



According to Burroughs CEO, Nearly Every Traditional Bank Operation Has Changed as Banks Seek Efficiencies in Highly Competitive Environment



PLYMOUTH, MI--(Marketwire - March 22, 2010) - Most bank customers probably haven't noticed but nearly every way banks execute transactions at the teller window and elsewhere in a bank branch have changed, according to Alan Howard, president and CEO, Burroughs Payment Systems, Inc., an industry leader in check-image capture and cash-automation products.



And, these changes are now affecting how retailers and other businesses execute bank transactions -- increasingly from their own locations without going to a bank, according to Howard.



"New technology has changed the face of nearly every traditional bank operation in recent years," said Howard. "Today's competitive environment for banks and other businesses dictate maximum efficiencies and the ability to do things faster, more accurately and with less staff resources."



According to Howard, the changes have included the following:



  • Bank tellers have discarded adding machines and cash drawers in favor of sophisticated software and machines that automate the process of dispensing and accepting currency;

  • Financial institutions are imaging checks at the teller line in order to reduce courier costs and impact on the environment, while increasing accuracy and funds availability for customers;

  • Businesses are being given the freedom to control their own banking activities by depositing their checks and cash from their own location instead of traveling to the bank; and,

  • Consumers continue to see increased functionality within online banking websites offered by their financial institution, which will ultimately lead to the same self-service offerings that businesses enjoy today at their bank of choice.



"The concept of Remote Deposit Capture alone has revolutionized how many businesses of all types do their banking," said Howard. "So many businesses, large and small, are now using tabletop-sized check scanners, like the Burroughs SmartSource series, that are directly linked to their banks and allow checks to be immediately deposited into their bank accounts with a simple scan from the convenience of their own offices."



The other area of significant change, according to Howard, is in Merchant Cash Automation, the ability to secure and deposit cash all day long without having to go to the bank. "Businesses receiving more than $1,000 in cash per day have both security concerns and the need to leverage the cash by getting it deposited in their bank as soon as possible to put it to work for them."



Howard said, "They are using 'intelligent safes' that allow excess till cash to be placed securely in a safe such as the Burroughs SmartCash Vault. The cash is immediately verified to protect against counterfeit notes, the count is accurate to reduce discrepancies and it is secure in the smart safe."



Based in Plymouth, Mich., Burroughs offers customers world-class service, industry-leading technology and overall support for an array of payment-related needs. It specializes in check-image capture and cash-automation solutions, and offers a variety of other complementary payment products to help customers become more effective and efficient. Burroughs is recognized as the industry leader with 50 years of experience and more than 100 years in innovating technology solutions in the payments area.



For more information, please visit www.burroughs.com. At the Burroughs website, click on "Learn More" to obtain additional information in the ways banks and other businesses are executing check and cash transactions.

Click here to see all recent news from this company

Industry Leader Burroughs Helps Customers Adjust to New Ways Banks and Other Businesses Execute Transactions



According to Burroughs CEO, Nearly Every Traditional Bank Operation Has Changed as Banks Seek Efficiencies in Highly Competitive Environment



PLYMOUTH, MI--(Marketwire - March 22, 2010) - Most bank customers probably haven't noticed but nearly every way banks execute transactions at the teller window and elsewhere in a bank branch have changed, according to Alan Howard, president and CEO, Burroughs Payment Systems, Inc., an industry leader in check-image capture and cash-automation products.



And, these changes are now affecting how retailers and other businesses execute bank transactions -- increasingly from their own locations without going to a bank, according to Howard.



"New technology has changed the face of nearly every traditional bank operation in recent years," said Howard. "Today's competitive environment for banks and other businesses dictate maximum efficiencies and the ability to do things faster, more accurately and with less staff resources."



According to Howard, the changes have included the following:



  • Bank tellers have discarded adding machines and cash drawers in favor of sophisticated software and machines that automate the process of dispensing and accepting currency;

  • Financial institutions are imaging checks at the teller line in order to reduce courier costs and impact on the environment, while increasing accuracy and funds availability for customers;

  • Businesses are being given the freedom to control their own banking activities by depositing their checks and cash from their own location instead of traveling to the bank; and,

  • Consumers continue to see increased functionality within online banking websites offered by their financial institution, which will ultimately lead to the same self-service offerings that businesses enjoy today at their bank of choice.



"The concept of Remote Deposit Capture alone has revolutionized how many businesses of all types do their banking," said Howard. "So many businesses, large and small, are now using tabletop-sized check scanners, like the Burroughs SmartSource series, that are directly linked to their banks and allow checks to be immediately deposited into their bank accounts with a simple scan from the convenience of their own offices."



The other area of significant change, according to Howard, is in Merchant Cash Automation, the ability to secure and deposit cash all day long without having to go to the bank. "Businesses receiving more than $1,000 in cash per day have both security concerns and the need to leverage the cash by getting it deposited in their bank as soon as possible to put it to work for them."



Howard said, "They are using 'intelligent safes' that allow excess till cash to be placed securely in a safe such as the Burroughs SmartCash Vault. The cash is immediately verified to protect against counterfeit notes, the count is accurate to reduce discrepancies and it is secure in the smart safe."



Based in Plymouth, Mich., Burroughs offers customers world-class service, industry-leading technology and overall support for an array of payment-related needs. It specializes in check-image capture and cash-automation solutions, and offers a variety of other complementary payment products to help customers become more effective and efficient. Burroughs is recognized as the industry leader with 50 years of experience and more than 100 years in innovating technology solutions in the payments area.



For more information, please visit www.burroughs.com. At the Burroughs website, click on "Learn More" to obtain additional information in the ways banks and other businesses are executing check and cash transactions.

Click here to see all recent news from this company

RBS WorldPay ATM Heist Suspect Arrested in Russia











Didn't hear of the RBS WorldPay hack?



Most likely the reason is because RBS issued their press release concerning the breach during the busy Christmas season, December 23rd of 2008.



To read about what I thought about it then, visit "Mother of All Hacks Coming?  from December 24th. 



This incident happened after midnight on November 8th.  Now...I know how they got the PINs, (here's a hint, you're on candid camera), so the most intriguing part of this story, at least in my opinion, is the fact that the hackers were able to lift the daily limits on the cards, providing a larger payday. That's was the coup de' tat.




The coordination and scope of this effort is also amazing even causing the FBI to make comments to that effect. 130 different ATM machines in 49 cities with 100 cards in 30 minutes.

The incident took 30 minutes to pull off,  but it's been over two years before they finally arrested the suspected culprit behind the heist.  Finextra is reporting this morning that the the perpetrator of this heist has been arrested in Russia.  Click the link below to see a Fox News Report on the RBS WorldPay ATM Heist.




Finextra:  Russia arrests RBS WorldPay ATM heist suspect:  Russian authorities have arrested the alleged mastermind behind the 2008 cyber-attack on RBS WorldPay's computer network, which lead to the theft of over $9 million, according to the Financial Times.  Viktor Pleshchuk, who was one of eight suspects from Eastern Europe named in a US federal grand jury indictment last year, has been detained by the the Russian Federal Security Service (FSB), along with "several" other people, says the paper.  US authorities believe Pleshchuk and Estonian Sergei Tsurikov were the ringleaders behind the attack, which compromised the encryption used by the processor to protect customer data on payroll debit cards.  This allowed the gang to raise the limits on accounts before handing over 44 counterfeit payroll debit cards to a network of "cashers" who withdrew over $9 million in less than 12 hours from more than 2100 ATMs in at least 280 cities worldwide, including in the US, Russia, Ukraine, Estonia, Italy, Hong Kong, Japan and Canada.


RBS WorldPay ATM Heist Suspect Arrested in Russia











Didn't hear of the RBS WorldPay hack?



Most likely the reason is because RBS issued their press release concerning the breach during the busy Christmas season, December 23rd of 2008.



To read about what I thought about it then, visit "Mother of All Hacks Coming?  from December 24th. 



This incident happened after midnight on November 8th.  Now...I know how they got the PINs, (here's a hint, you're on candid camera), so the most intriguing part of this story, at least in my opinion, is the fact that the hackers were able to lift the daily limits on the cards, providing a larger payday. That's was the coup de' tat.




The coordination and scope of this effort is also amazing even causing the FBI to make comments to that effect. 130 different ATM machines in 49 cities with 100 cards in 30 minutes.

The incident took 30 minutes to pull off,  but it's been over two years before they finally arrested the suspected culprit behind the heist.  Finextra is reporting this morning that the the perpetrator of this heist has been arrested in Russia.  Click the link below to see a Fox News Report on the RBS WorldPay ATM Heist.




Finextra:  Russia arrests RBS WorldPay ATM heist suspect:  Russian authorities have arrested the alleged mastermind behind the 2008 cyber-attack on RBS WorldPay's computer network, which lead to the theft of over $9 million, according to the Financial Times.  Viktor Pleshchuk, who was one of eight suspects from Eastern Europe named in a US federal grand jury indictment last year, has been detained by the the Russian Federal Security Service (FSB), along with "several" other people, says the paper.  US authorities believe Pleshchuk and Estonian Sergei Tsurikov were the ringleaders behind the attack, which compromised the encryption used by the processor to protect customer data on payroll debit cards.  This allowed the gang to raise the limits on accounts before handing over 44 counterfeit payroll debit cards to a network of "cashers" who withdrew over $9 million in less than 12 hours from more than 2100 ATMs in at least 280 cities worldwide, including in the US, Russia, Ukraine, Estonia, Italy, Hong Kong, Japan and Canada.


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