E-News from Bank Info Security

E-News Week of April 12, 2010

Featured News Does New Breach Law Have Teeth? WA Tries to Help Banking Institutions Recoup Costs from Card Hacks by Linda McGlasson Washington has become the third state to pass legislation incorporating the Payment Card Industry Data Security Standard (PCI) to help financial institutions recover costs from credit/debit card breaches. But does the new law have teeth? More...
White Papers and Research How to Identify Phishing Attacks, Email-Borne Threats, & Spam (White Paper) Fraud Prevention: Protect Your Customers and Your Institution from Web Vulnerabilities (Webinar) Regulatory Compliance: Global Privacy, Disclosure, & Encryption Issues (White Paper) PCI: What's Next and When? (Interview) Is Nevada's New Privacy Law a 'Game-Changer?' (News) Advertisement Interview P2P Payments: Simple, Secure Transactions by Tom Field Interview with Howie Wu, VP Virtual Banking, BECU Listen News Two Institutions Closed April 8 & 9 by Linda McGlasson SC Bank and CT Credit Union Are Latest Failures More... Upcoming Webinar Anti-Money Laundering: A Guide to the Laws for Banking Institutions Register for this webinar to receive first-hand advice from a veteran anti-money laundering investigator on: Key anti-money laundering laws; Penalties for money-laundering crimes; How your organization can best respond to money-laundering mandates, whether as an investigator or a regulated entity. Register Now » Next Session: April 21 @ 10:00 a.m. EST

E-News from Bank Info Security

E-News Week of April 12, 2010

Featured News Does New Breach Law Have Teeth? WA Tries to Help Banking Institutions Recoup Costs from Card Hacks by Linda McGlasson Washington has become the third state to pass legislation incorporating the Payment Card Industry Data Security Standard (PCI) to help financial institutions recover costs from credit/debit card breaches. But does the new law have teeth? More...
White Papers and Research How to Identify Phishing Attacks, Email-Borne Threats, & Spam (White Paper) Fraud Prevention: Protect Your Customers and Your Institution from Web Vulnerabilities (Webinar) Regulatory Compliance: Global Privacy, Disclosure, & Encryption Issues (White Paper) PCI: What's Next and When? (Interview) Is Nevada's New Privacy Law a 'Game-Changer?' (News) Advertisement Interview P2P Payments: Simple, Secure Transactions by Tom Field Interview with Howie Wu, VP Virtual Banking, BECU Listen News Two Institutions Closed April 8 & 9 by Linda McGlasson SC Bank and CT Credit Union Are Latest Failures More... Upcoming Webinar Anti-Money Laundering: A Guide to the Laws for Banking Institutions Register for this webinar to receive first-hand advice from a veteran anti-money laundering investigator on: Key anti-money laundering laws; Penalties for money-laundering crimes; How your organization can best respond to money-laundering mandates, whether as an investigator or a regulated entity. Register Now » Next Session: April 21 @ 10:00 a.m. EST

Online Financial Services Marketing Conference: Net.Finance

Key online and mobile marketing executives gather at the upcoming financial services marketing conference Net.Finance 2010 in May.

Chicago, April 13, 2010: Online Banking and Mobile Banking platforms and capabilities need to continue to be agile, seamless, and optimized to address the consumers’ needs to be connected, mobile, and engaged.Bank marketing and eCommerce executives are decisively upping the game in customer acquisition, customer loyalty, multi-channel experience, and engagement through improved digital marketing strategies and optimized interactive channels.





Net.Finance 2010 brings together key online and mobile and bank marketing representatives from Bank of America, Citi, Nationwide, Lending Club, E*Trade, TIAA-CREF, Addison Avenue Federal Credit Union, Yahoo!Finance, 1st Mariner Bank, Prudential, Prosper, Charles Schwab, Scotiabank, HSBC, Discover, and a cross-section of different financial institutions in North America to share best practices and innovative strategies in online marketing, mobile banking, mobile payments, customer experience management, use of social media, lead generation, site optimization, and online personal financial management.

2010 marks a new approach for Net.Finance providing conference attendees with even more cutting-edge, tactical content, all packed in 2 days. While researching topics for the 2010 conference program, Net.Finance found that bank marketing and eCommerce executives are focused on growth and recovery, following the economic and financial downturn in 2009. Leanne Arcinue, Divisional Director of Worldwide Business Research, the organization that produces Net.Finance, shares, "While the industry was hit hard last year, the focus on delivering the best products and services to the customer didn’t necessarily take a back seat. In fact new ideas and innovative strategies came out of many marketing and eCommerce teams, committed to delivering a better experience across the online and mobile banking channels. We want to share those success stories at Net.Finance and highlight the trends and real opportunities in digital marketing, mobile banking, social media, and customer empowerment."





Net.Finance 2010 will be held on May 11-12 at the Mid-America Club in Chicago IL. Net.Finance is a conference run by Worldwide Business Research focused on improving the online and mobile channel performance to deliver a differentiated customer experience.





For more about the Net.Finance conference visit http://www.wbresearch.com/netfinanceusa

Who Attends Net.Finance:

Net.Finance is the only senior level conference catered to all areas of marketing for banks. 

See our breakdown below

Breakdown of Financial Institutions 2008-2009

Seniority of Total Attendance 2008-2009

"

Online Financial Services Marketing Conference: Net.Finance

Key online and mobile marketing executives gather at the upcoming financial services marketing conference Net.Finance 2010 in May.

Chicago, April 13, 2010: Online Banking and Mobile Banking platforms and capabilities need to continue to be agile, seamless, and optimized to address the consumers’ needs to be connected, mobile, and engaged.Bank marketing and eCommerce executives are decisively upping the game in customer acquisition, customer loyalty, multi-channel experience, and engagement through improved digital marketing strategies and optimized interactive channels.





Net.Finance 2010 brings together key online and mobile and bank marketing representatives from Bank of America, Citi, Nationwide, Lending Club, E*Trade, TIAA-CREF, Addison Avenue Federal Credit Union, Yahoo!Finance, 1st Mariner Bank, Prudential, Prosper, Charles Schwab, Scotiabank, HSBC, Discover, and a cross-section of different financial institutions in North America to share best practices and innovative strategies in online marketing, mobile banking, mobile payments, customer experience management, use of social media, lead generation, site optimization, and online personal financial management.

2010 marks a new approach for Net.Finance providing conference attendees with even more cutting-edge, tactical content, all packed in 2 days. While researching topics for the 2010 conference program, Net.Finance found that bank marketing and eCommerce executives are focused on growth and recovery, following the economic and financial downturn in 2009. Leanne Arcinue, Divisional Director of Worldwide Business Research, the organization that produces Net.Finance, shares, "While the industry was hit hard last year, the focus on delivering the best products and services to the customer didn’t necessarily take a back seat. In fact new ideas and innovative strategies came out of many marketing and eCommerce teams, committed to delivering a better experience across the online and mobile banking channels. We want to share those success stories at Net.Finance and highlight the trends and real opportunities in digital marketing, mobile banking, social media, and customer empowerment."





Net.Finance 2010 will be held on May 11-12 at the Mid-America Club in Chicago IL. Net.Finance is a conference run by Worldwide Business Research focused on improving the online and mobile channel performance to deliver a differentiated customer experience.





For more about the Net.Finance conference visit http://www.wbresearch.com/netfinanceusa

Who Attends Net.Finance:

Net.Finance is the only senior level conference catered to all areas of marketing for banks. 

See our breakdown below

Breakdown of Financial Institutions 2008-2009

Seniority of Total Attendance 2008-2009

"

Merchant Warehouse to Exhibit Suite of Solutions at ETA 2010

April 13, 2010 06:35 AM Eastern Daylight Time  

Merchant Warehouse to Exhibit Suite of Solutions at Electronic Transaction Association 2010

Product Demonstrations, Educational Seminar Information and a Chance to Win $5000 in Home Office Giveaways in Booth 801

Electronic Transaction Association Meeting & Expo 2010

Booth 801

BOSTON--(BUSINESS WIRE)--Merchant Warehouse, a premier provider of merchant accounts and credit card processing solutions will be showcasing the company’s innovative solutions available to merchants, ISOs and agents at the Electronic Transaction Association’s (ETA) 2010 Meeting and Expo at the Mandalay Bay Resort & Casino in Las Vegas from April 13-15.

Details:
Who:						Merchant Warehouse
What:						Electronic Transaction Association Meeting & Expo 2010
Where:						Mandalay Bay Resort & Casino, in Las Vegas. Booth 801
When:						April 13-15, 2010

With nearly 3,000 attendees expected at this year’s 20^th anniversary conference, Merchant Warehouse will be showcasing a number of mobile payment applications that can be used on the iPhone/iPod Touch, Blackberry, Google Android and Windows Mobile devices that can be used with portable Bluetooth enabled card readers. There will also be a demo of the iPhone/iPod Touch with the iDynamo card reader from MagTek - an easy to manage cradle with an encrypted card reader designed specifically for the iPhone. The ideal products for those in the mobile workforce, these applications combine ease of use, advanced functionality and enhanced security.

Register for $5000 in Home Office Prizes

While you are there, enter for a chance to win the $5000 ultimate home office giveaway! Visit booth 801 and ask about Merchant Warehouse’s educational webinar series for ISOs and Agents and you will be automatically entered into the drawing. Get organized with a collection of brand new office equipment and software to help improve productivity.

About Merchant Warehouse

Since 1998, Merchant Warehouse has set the standard for credit card processing by guaranteeing competitive pricing in merchant accounts, software, equipment, and providing dedicated, high quality customer service. Over 80,000 merchants later, the company continues to lead the industry with groundbreaking technology initiatives: MerchantWARE^®; BINsmart™; and MerchantWARE Mobile. Merchant Warehouse has been named the ETA 2009 ISO of the Year, Business Solutions’ Best Channel Vendor for 2009 & 2010 and is a two-time recipient of the Boston Business JournalPacesetter Award. Merchant Warehouse co-CEO, Henry Helgeson, was also named Ernst & Young Entrepreneur of the Year 2009 for New England. The company is committed to community and charitable involvement. For more information, please visit http://merchantwarehouse.com or follow us on Twitter at http://twitter.com/MWarehouse.

Merchant Warehouse to Exhibit Suite of Solutions at ETA 2010

April 13, 2010 06:35 AM Eastern Daylight Time  

Merchant Warehouse to Exhibit Suite of Solutions at Electronic Transaction Association 2010

Product Demonstrations, Educational Seminar Information and a Chance to Win $5000 in Home Office Giveaways in Booth 801

Electronic Transaction Association Meeting & Expo 2010

Booth 801

BOSTON--(BUSINESS WIRE)--Merchant Warehouse, a premier provider of merchant accounts and credit card processing solutions will be showcasing the company’s innovative solutions available to merchants, ISOs and agents at the Electronic Transaction Association’s (ETA) 2010 Meeting and Expo at the Mandalay Bay Resort & Casino in Las Vegas from April 13-15.

Details:
Who:						Merchant Warehouse
What:						Electronic Transaction Association Meeting & Expo 2010
Where:						Mandalay Bay Resort & Casino, in Las Vegas. Booth 801
When:						April 13-15, 2010

With nearly 3,000 attendees expected at this year’s 20^th anniversary conference, Merchant Warehouse will be showcasing a number of mobile payment applications that can be used on the iPhone/iPod Touch, Blackberry, Google Android and Windows Mobile devices that can be used with portable Bluetooth enabled card readers. There will also be a demo of the iPhone/iPod Touch with the iDynamo card reader from MagTek - an easy to manage cradle with an encrypted card reader designed specifically for the iPhone. The ideal products for those in the mobile workforce, these applications combine ease of use, advanced functionality and enhanced security.

Register for $5000 in Home Office Prizes

While you are there, enter for a chance to win the $5000 ultimate home office giveaway! Visit booth 801 and ask about Merchant Warehouse’s educational webinar series for ISOs and Agents and you will be automatically entered into the drawing. Get organized with a collection of brand new office equipment and software to help improve productivity.

About Merchant Warehouse

Since 1998, Merchant Warehouse has set the standard for credit card processing by guaranteeing competitive pricing in merchant accounts, software, equipment, and providing dedicated, high quality customer service. Over 80,000 merchants later, the company continues to lead the industry with groundbreaking technology initiatives: MerchantWARE^®; BINsmart™; and MerchantWARE Mobile. Merchant Warehouse has been named the ETA 2009 ISO of the Year, Business Solutions’ Best Channel Vendor for 2009 & 2010 and is a two-time recipient of the Boston Business JournalPacesetter Award. Merchant Warehouse co-CEO, Henry Helgeson, was also named Ernst & Young Entrepreneur of the Year 2009 for New England. The company is committed to community and charitable involvement. For more information, please visit http://merchantwarehouse.com or follow us on Twitter at http://twitter.com/MWarehouse.

Discover Prices Debt Offering of Discover Bank

Discover Financial Services Announces Pricing of Subordinated Debt Offering of Discover Bank

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE:DFS) yesterday announced the pricing of an offering of $500 million of 7.00% Discover Bank subordinated notes due April 2020. The offering is expected to close on April 15, 2010. Discover Bank will receive estimated net proceeds from the offering of approximately $492 million, which will be used to increase Discover Bank’s Tier 2 capital and for general corporate purposes. Barclays Capital Inc., Goldman, Sachs & Co. and J.P. Morgan Securities Inc. are acting as joint book-running managers for the subordinated debt offering.

“Management’s Discussion and Analysis of Financial Condition and Results of Operations”

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories.

Discover Prices Debt Offering of Discover Bank

Discover Financial Services Announces Pricing of Subordinated Debt Offering of Discover Bank

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE:DFS) yesterday announced the pricing of an offering of $500 million of 7.00% Discover Bank subordinated notes due April 2020. The offering is expected to close on April 15, 2010. Discover Bank will receive estimated net proceeds from the offering of approximately $492 million, which will be used to increase Discover Bank’s Tier 2 capital and for general corporate purposes. Barclays Capital Inc., Goldman, Sachs & Co. and J.P. Morgan Securities Inc. are acting as joint book-running managers for the subordinated debt offering.

“Management’s Discussion and Analysis of Financial Condition and Results of Operations”

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories.

Western Union Now Available Online to Banco do Brasil Customers

Western Union Money Transfer® Service Now Available Online to Banco do Brasil Consumers

ENGLEWOOD, Colo. & SÃO PAULO--(BUSINESS WIRE)--The Western Union Company (NYSE:WU), a leader in the money-transfer segment of global payments, and Banco do Brasil, the largest financial institution in Brazil, announced today the Western Union Money Transfer^® Money in Minutes service is now available online in Brazil to Banco do Brasil banked consumers through the bank’s Web site.

“Whether it is cash, account, or card based, our expanding global money-movement network provides consumers more ways to move money quickly to more places worldwide.”

“Our relationship with Western Union offers Banco do Brasil the ability to complement its range of products and services to reach new consumer segments and meet the unique needs of the diverse communities it serves,” said Admilson Monteiro Garcia, Managing Director Banco do Brasil International Business Division. “We see Western Union as a strategic brand that, in addition to our Brazilian market and banking expertise, will help Banco do Brasil to continue offering innovative financial services to new and existing consumers and to those who prefer online banking.”

The online money-transfer service arrangement with Banco do Brasil is an important step in Western Union's "go-to-market" strategy in Brazil. As Western Union expands its money-movement service offerings, and in an effort to strengthen both its relationship and value proposition with consumers, the company looks to tap into cash, account and card-based solutions.

Stewart A. Stockdale, President The Americas and EVP Global Cards and Global Key Accounts, said, “Our relationship with Banco do Brasil to offer online money transfer is part of Western Union’s new focus on identifying and driving the development of best-in-class services to expand the company’s business to new consumer segments in Brazil.”

“Whether it is cash, account, or card based, our expanding global money-movement network provides consumers more ways to move money quickly to more places worldwide.”

The Western Union Money Transfer service has been available in Brazil since 1997, when both companies started the relationship, providing international money-transfer services through Banco do Brasil’s network that currently includes more than 5,800 locations.

About Western Union

The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Custom House branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of more than 410,000 agent locations in 200 countries and territories. In 2009, The Western Union Company completed 196 million consumer-to-consumer transactions worldwide, moving $71 billion of principal between consumers, and 415 million business payments. For more information, visit www.westernunion.com.

About Banco Do Brasil

Banco do Brasil is the largest financial institution in Brazil, with 52,7 million clients, 45.400 ATMs, and 17.900 service points, 5.000 of which are branches spread over 3.600 cities in the country and also throughout more than 20 countries abroad. Banco do Brasil conglomerate is comprised of circa 20 controlled companies and a closed supplementary private social security institution. It turned 200 years old on October 12^th, 2008.

WU-G