Tuesday, May 25, 2010

The Prepaid Press Expo Announces Speakers, Sponsors





http://www.prepaidpressexpo.comMIAMI--(BUSINESS WIRE)--The Prepaid Press Expo has announced the initial slate of speakers for The Prepaid Press Expo 2010, to be held at Caesars Palace, Las Vegas, August 24-26, 2010. The Expo is sponsored by The Prepaid Press, the leading trade newspaper for the prepaid services industry.
“This event is truly focused on the prepaid industry”
The conference portion of tppEXPO'10 is comprised of three separate conference tracks, one track per day, for Long Distance, Wireless and Gift/Debit/Prepaid Cards.
“This event is truly focused on the prepaid industry,” says Paul Amick, Executive Vice President, PhoenixSoft, a prepaid telecom platform provider. “There’s always consistent traffic on the show floor, and we appreciate having this great forum to meet with our customers. We closed three deals from the last show alone.”
According to Oscar Muñoz, President of Uni-Mas Corp., a prepaid debit card provider, and a participant in tppEXPO’09, “Through its unique setup, tppEXPO’09 was, once more, able to bring the best professionals in their respective fields together to share timely ideas and information, in order to guide us all through the turbulent waters ahead. The ‘Who You Know,’ the ‘What You Know,’ the ‘When You Know’ were all covered in the ‘Where,’ that we all now know for the prepaid industry, The Prepaid Press Expo. Thank you TPP.”
Conference passes are available for 1-3 days, with discounts for attending all three tracks. Prices from $275; Two-Day Exhibit Hall Pass only $49 through July 31; Mythology & Martinis Party Pass is $125. Discount Codes available on www.PrepaidPressExpo.com.
Participating speakers include:
  • Paul Amick, EVP and Co-Founder, PhoenixSoft

  • Dennis Andrews, CEO, Emida

  • Don Barbacovi, CEO, mFunds Global Payment Solutions & PayCardUSA

  • Curt D. Barnes, VP, KIT Managed Telecom Solutions

  • Len Bittner, President, Maverick Telecom Consultancy

  • Bruce Bower, President, Plastic Jungle

  • Lori Breitzke, President, E&S Consulting

  • Bruce Burke, Director of Business Development, iPayStation

  • Robert Christiansen, SVP, ARM Loyalty

  • Daniel Csoka, CEO, aKos Technology

  • Render Dahiya, CEO, Arroweye Solutions

  • Darren Dat Lu, CEO, Lunex Group

  • Martyn Fricker, Director, Marketing & Business Development, Emida

  • Arnie Goodstein, CEO, WCGS

  • Kevin Grieve, CEO, Mocopay

  • Enrique Hirlemann, Director, US Sales & Marketing, ezetop LTD.

  • Steve Karp, SVP, Enterprise Payments Strategy, SunTrust Bank

  • Matt Kerper, VP, Rewards Strategy & Innovation, Parago

  • Peter Kramer, VP, Product Development, RecargaX

  • Rafi Kretchmer, Director, Product Development, Amdocs

  • Mark Johnson, CEO, Loyalty 360

  • Jonathan Marashlian, Partner, The CommLaw Group

  • Oscar Muñoz, President, Uni-Mas Corp.

  • Justin Norris, CEO, Digitalk

  • Ken Osowski, Director of Service Provider Product Marketing, Dialogic

  • Jayesh Patel, VP – Business Development & Strategy, iBasis

  • Pete Pattullo, CEO, NetworkIP

  • Joe Pawlikowski, Editor, PrepaidReviews.com

  • Allen Preslar, VP & GM, ePay Division, Coinstar

  • Gene Retske, Editor, The Prepaid Press

  • Daveed Schwartz, Of Counsel, Bullivant Houser Bailey PC

  • Freddy Sidi, COO, Auris Technology

    Fedor Smith, CEO, Atlantic-ACM

  • Karen Sobie, VP, Retail Sales, nFinanSE

  • Rod Ullens, CEO, VoxBone

  • Greg Waltz, VP/GM, Payment Products, MoneyGram

  • T. Jack Williams, President, Paymentcard Services, Inc.

  • Ben Winnie, VP, Sales, NACT

  • Carol R. Van Cleef, Partner, Patton Boggs LLP

The Prepaid Press Expo thanks its sponsors for their support: NetworkIP, Auris Technology, Callture, Digitalk, Direct Wholesale, Eureka Revenue Inc., Global Service Solutions, Hyperlink, iBasis, IDT, InComm, Lunex Group, and Total Call International.

Contacts

The Prepaid Press Expo

Lisa Brown/Event Director, 866-203-2334 ext. 505

expo@prepaidpressexpo.com

www.prepaidpressexpo.com
Permalink: http://www.businesswire.com/news/home/20100525006651/en/Prepaid-Press-Expo-Announces-Speakers-Sponsors
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The Prepaid Press Expo Announces Speakers, Sponsors





http://www.prepaidpressexpo.comMIAMI--(BUSINESS WIRE)--The Prepaid Press Expo has announced the initial slate of speakers for The Prepaid Press Expo 2010, to be held at Caesars Palace, Las Vegas, August 24-26, 2010. The Expo is sponsored by The Prepaid Press, the leading trade newspaper for the prepaid services industry.
“This event is truly focused on the prepaid industry”
The conference portion of tppEXPO'10 is comprised of three separate conference tracks, one track per day, for Long Distance, Wireless and Gift/Debit/Prepaid Cards.
“This event is truly focused on the prepaid industry,” says Paul Amick, Executive Vice President, PhoenixSoft, a prepaid telecom platform provider. “There’s always consistent traffic on the show floor, and we appreciate having this great forum to meet with our customers. We closed three deals from the last show alone.”
According to Oscar Muñoz, President of Uni-Mas Corp., a prepaid debit card provider, and a participant in tppEXPO’09, “Through its unique setup, tppEXPO’09 was, once more, able to bring the best professionals in their respective fields together to share timely ideas and information, in order to guide us all through the turbulent waters ahead. The ‘Who You Know,’ the ‘What You Know,’ the ‘When You Know’ were all covered in the ‘Where,’ that we all now know for the prepaid industry, The Prepaid Press Expo. Thank you TPP.”
Conference passes are available for 1-3 days, with discounts for attending all three tracks. Prices from $275; Two-Day Exhibit Hall Pass only $49 through July 31; Mythology & Martinis Party Pass is $125. Discount Codes available on www.PrepaidPressExpo.com.
Participating speakers include:
  • Paul Amick, EVP and Co-Founder, PhoenixSoft

  • Dennis Andrews, CEO, Emida

  • Don Barbacovi, CEO, mFunds Global Payment Solutions & PayCardUSA

  • Curt D. Barnes, VP, KIT Managed Telecom Solutions

  • Len Bittner, President, Maverick Telecom Consultancy

  • Bruce Bower, President, Plastic Jungle

  • Lori Breitzke, President, E&S Consulting

  • Bruce Burke, Director of Business Development, iPayStation

  • Robert Christiansen, SVP, ARM Loyalty

  • Daniel Csoka, CEO, aKos Technology

  • Render Dahiya, CEO, Arroweye Solutions

  • Darren Dat Lu, CEO, Lunex Group

  • Martyn Fricker, Director, Marketing & Business Development, Emida

  • Arnie Goodstein, CEO, WCGS

  • Kevin Grieve, CEO, Mocopay

  • Enrique Hirlemann, Director, US Sales & Marketing, ezetop LTD.

  • Steve Karp, SVP, Enterprise Payments Strategy, SunTrust Bank

  • Matt Kerper, VP, Rewards Strategy & Innovation, Parago

  • Peter Kramer, VP, Product Development, RecargaX

  • Rafi Kretchmer, Director, Product Development, Amdocs

  • Mark Johnson, CEO, Loyalty 360

  • Jonathan Marashlian, Partner, The CommLaw Group

  • Oscar Muñoz, President, Uni-Mas Corp.

  • Justin Norris, CEO, Digitalk

  • Ken Osowski, Director of Service Provider Product Marketing, Dialogic

  • Jayesh Patel, VP – Business Development & Strategy, iBasis

  • Pete Pattullo, CEO, NetworkIP

  • Joe Pawlikowski, Editor, PrepaidReviews.com

  • Allen Preslar, VP & GM, ePay Division, Coinstar

  • Gene Retske, Editor, The Prepaid Press

  • Daveed Schwartz, Of Counsel, Bullivant Houser Bailey PC

  • Freddy Sidi, COO, Auris Technology

    Fedor Smith, CEO, Atlantic-ACM

  • Karen Sobie, VP, Retail Sales, nFinanSE

  • Rod Ullens, CEO, VoxBone

  • Greg Waltz, VP/GM, Payment Products, MoneyGram

  • T. Jack Williams, President, Paymentcard Services, Inc.

  • Ben Winnie, VP, Sales, NACT

  • Carol R. Van Cleef, Partner, Patton Boggs LLP

The Prepaid Press Expo thanks its sponsors for their support: NetworkIP, Auris Technology, Callture, Digitalk, Direct Wholesale, Eureka Revenue Inc., Global Service Solutions, Hyperlink, iBasis, IDT, InComm, Lunex Group, and Total Call International.

Contacts

The Prepaid Press Expo

Lisa Brown/Event Director, 866-203-2334 ext. 505

expo@prepaidpressexpo.com

www.prepaidpressexpo.com
Permalink: http://www.businesswire.com/news/home/20100525006651/en/Prepaid-Press-Expo-Announces-Speakers-Sponsors
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MasterCard Making Technology Available to Developers



May 25, 2010, 5:00 AM

MasterCard Wants Programmers to Use Its Payment Technology

By CLAIRE CAIN MILLER
There has been a lot of talk about digital forms of payment replacing cash and even credit cards. But MasterCard intends to stay in the middle of the technological innovation.
On Tuesday, MasterCard announced that it would let software developers use its technology in their own online apps and on mobile phones.
“A big part of the strategy is to be able to harness the innovation of others in the developer community to really push our business forward,” said Josh Peirez, MasterCard’s chief innovation officer.

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MasterCard Making Technology Available to Developers



May 25, 2010, 5:00 AM

MasterCard Wants Programmers to Use Its Payment Technology

By CLAIRE CAIN MILLER
There has been a lot of talk about digital forms of payment replacing cash and even credit cards. But MasterCard intends to stay in the middle of the technological innovation.
On Tuesday, MasterCard announced that it would let software developers use its technology in their own online apps and on mobile phones.
“A big part of the strategy is to be able to harness the innovation of others in the developer community to really push our business forward,” said Josh Peirez, MasterCard’s chief innovation officer.

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"Ecommerce: An Evolving Environment" Program to Be Held in Sept 2010 in Salt Lake City, Utah

Seminar for Cornell Graduate Business School Alumni To Be Held Sept 2010, Title for 2010 Program "Ecommerce: An Evolving Environment". Program to be led by Daniel Urmann Class of 2002.





Salt Lake City, UT (PRWEB) May 25, 2010 -- Daniel Urmann, President of Urmann SEO Consulting Services LLC, invites former members of the Ecommerce Immersion Program from Cornell University Graduate Business School, for a one week program to be conducted in Salt Lake City, Utah in September of 2010. This 2010 program is entitled “Ecommerce: An Evolving Environment” and will be an opportunity for Johnson School Alumni to update and engage on myriad issue surrounding the internet landscape.



Topics of study shall include but not be limited to: Keyword volume analysis – trends and projections, competition and desirability analysis, Intrinsic platform strengths issues i.e. natural authority, Page Rank, both substantive and visual, various framework for internal linking, Internal html linking and home page matriculation, Content hierarchy and placement and SEO and SEM analysis and marketplace trends for pay per click and Adsense.



The program is free but is limited to Cornell University Alumni. Alumni should RSVP Daniel Urmann directly at urmann(at)technologist(dot)com to reserve placement. Alumni from associated graduate business programs of Dartmouth, University of Pennsylvania, Yale, Harvard and Standford are also welcome to attend but should include resumes outlining pertinent recent ecommerce experience along with their RSVP submission for consideration.



About Daniel Urmann:

Daniel Urmann formerly served as the Manager of Strategy for North America at Cendant Corp. in New Jersey, a Fortune 50 company. Prior to his tenure at Cendant he was a Mergers and Acquisitions Consultant for Standard & Poors Corporate Value Consulting (previously a PriceWaterhouseCoopers practice) in New York City. In this capacity he worked with clients including Citibank, International Steel, TNT, and a myriad of other domestic and international companies ranging in revenues from 20 million up to the world's largest and most well known companies. For over 8 years, Mr. Urmann has developed webstores and performed consulting work for some of the largest etailers in the United States, including Hayneedle.com and Pets United LLC (Dog.com, Horse.com, Fish.com, Bird.com et al). He has also produced market leading webstores including Americanfitness.net (#1 on Google for "fitness equipment" and "gym equipment"), Solarhome.org (#1 on Google for “solar panels”) and HomeDecorWorld.com (#1 on Google for "home decor" and "bathroom decor") as well as others. He holds an MBA from the Johnson School at Cornell along with an undergraduate degree from UC Berkeley and sits on the Advisory Boards of several Internet companies.



# # #
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"Ecommerce: An Evolving Environment" Program to Be Held in Sept 2010 in Salt Lake City, Utah

Seminar for Cornell Graduate Business School Alumni To Be Held Sept 2010, Title for 2010 Program "Ecommerce: An Evolving Environment". Program to be led by Daniel Urmann Class of 2002.





Salt Lake City, UT (PRWEB) May 25, 2010 -- Daniel Urmann, President of Urmann SEO Consulting Services LLC, invites former members of the Ecommerce Immersion Program from Cornell University Graduate Business School, for a one week program to be conducted in Salt Lake City, Utah in September of 2010. This 2010 program is entitled “Ecommerce: An Evolving Environment” and will be an opportunity for Johnson School Alumni to update and engage on myriad issue surrounding the internet landscape.



Topics of study shall include but not be limited to: Keyword volume analysis – trends and projections, competition and desirability analysis, Intrinsic platform strengths issues i.e. natural authority, Page Rank, both substantive and visual, various framework for internal linking, Internal html linking and home page matriculation, Content hierarchy and placement and SEO and SEM analysis and marketplace trends for pay per click and Adsense.



The program is free but is limited to Cornell University Alumni. Alumni should RSVP Daniel Urmann directly at urmann(at)technologist(dot)com to reserve placement. Alumni from associated graduate business programs of Dartmouth, University of Pennsylvania, Yale, Harvard and Standford are also welcome to attend but should include resumes outlining pertinent recent ecommerce experience along with their RSVP submission for consideration.



About Daniel Urmann:

Daniel Urmann formerly served as the Manager of Strategy for North America at Cendant Corp. in New Jersey, a Fortune 50 company. Prior to his tenure at Cendant he was a Mergers and Acquisitions Consultant for Standard & Poors Corporate Value Consulting (previously a PriceWaterhouseCoopers practice) in New York City. In this capacity he worked with clients including Citibank, International Steel, TNT, and a myriad of other domestic and international companies ranging in revenues from 20 million up to the world's largest and most well known companies. For over 8 years, Mr. Urmann has developed webstores and performed consulting work for some of the largest etailers in the United States, including Hayneedle.com and Pets United LLC (Dog.com, Horse.com, Fish.com, Bird.com et al). He has also produced market leading webstores including Americanfitness.net (#1 on Google for "fitness equipment" and "gym equipment"), Solarhome.org (#1 on Google for “solar panels”) and HomeDecorWorld.com (#1 on Google for "home decor" and "bathroom decor") as well as others. He holds an MBA from the Johnson School at Cornell along with an undergraduate degree from UC Berkeley and sits on the Advisory Boards of several Internet companies.



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Philippine National Bank to Offer Western Union® Money TransferSM Across Three Continents in 13 Countries



Western Union alliance with Philippines’ largest offshore bank network strengthens Western Union Money Transfer Services in Europe, the Americas and Asia Pacific

ENGLEWOOD, Colo.--(BUSINESS WIRE)--The Philippine National Bank (PNB), the Philippines’ largest offshore bank network, and Western Union (NYSE: WU), a leader in global payment services, announced today an agreement to offer Western Union® Money TransferSM services at 311 PNB branches in the Philippines by July 2010 and at 87 offices across 12 countries in a phased approach.
“Our agreement with Western Union strengthens PNB as the bank of choice for both our local and global customers as we continually enhance the portfolio of financial services offered to our variety of customers”
PNB will offer Western Union Money Transfer services across three continents in 13 countries.
With an extensive urban and rural network in the Philippines, PNB’s global footprint mirrors countries popular with Filipinos working and living abroad permanently, including Austria, Canada, France, Germany, Guam, Hong Kong, Japan, Italy, Spain, Singapore, United Kingdom, and the United States.
Bringing together PNB, a Philippine icon, and Western Union, a global leader in money transfer services with a heritage of 150 years is significant, said Eugene Acevedo, President and CEO of PNB.
“It gives our consumers, especially Filipinos, the added comfort of familiarity of a home-grown bank to go with Western Union’s values of convenience, reliability and speed when sending money to family and loved ones.
“Our agreement with Western Union strengthens PNB as the bank of choice for both our local and global customers as we continually enhance the portfolio of financial services offered to our variety of customers,” he said. “This agreement reinforces our commitment to our customers and is an important initiative to deliver sustained and enhanced value to shareholders towards PNB’s goal of becoming the leading bank in facilitating in-bound and out-bound money transfer services.
To add an iconic Filipino bank to Western Union’s global network of 420,000 agent locations in over 200 countries and territories is of strategic significance, particularly with the Philippines being the fourth largest remittance-receiving country in the world, according to the latest World Bank figures, said Drina Yue, managing director and senior vice president, Western Union Asia Pacific.
“Offering Western Union Money Transfer services through PNB locations across three continents in 13 countries reinforces our consumer value propositions of convenient, reliable and fast money transfer services across an unbeatable global network," said Yue. “It also expands our network in the Philippines as well as strengthens our rural presence mirroring PNB’s equally weighted urban and rural footprint."
PNB is the country’s fifth biggest private commercial bank in terms of assets and deposits as of December 31, 2009. Its distribution network is one of the most extensive, with 324 domestic branches, 402 ATMs, and 108 overseas branches and offices. The bank doubled its net income last year to a record P2.2 billion (USD49 million) from P1.1 billion (USD24 million) in 2008. First quarter 2010 profits were favorable by 22% to P889 million. The bank’s leadership position will be bolstered by its planned merger with Allied Banking Corporation, which will bring a new set of opportunities including revenue and cost synergies, market expansion, and wider domestic and international footprint.
Western Union currently has over 6,800 Agent locations in the Philippines which enable consumers to avail money transfer services from as far north as Basco, Batanes, to as far south as Bongao in Tawi-Tawi.
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 420,000 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 Philippine National Bank
Philippine National Bank (PNB) is one of the biggest private commercial banks in the Philippines. Its international footprint is the widest among local banks with 108 branches, offices and subsidiaries located in America, Europe, Middle East and the Asia-Pacific, as of May 15, 2010. Earlier this year, PNB received the Financial Insights Innovation Award for Channels Innovation for its pioneering Automated Remittance Machines. PNB was the sole awardee from the Philippines in this annual search for outstanding innovations in the Asia-Pacific region.
WU-G
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Philippine National Bank to Offer Western Union® Money TransferSM Across Three Continents in 13 Countries



Western Union alliance with Philippines’ largest offshore bank network strengthens Western Union Money Transfer Services in Europe, the Americas and Asia Pacific

ENGLEWOOD, Colo.--(BUSINESS WIRE)--The Philippine National Bank (PNB), the Philippines’ largest offshore bank network, and Western Union (NYSE: WU), a leader in global payment services, announced today an agreement to offer Western Union® Money TransferSM services at 311 PNB branches in the Philippines by July 2010 and at 87 offices across 12 countries in a phased approach.
“Our agreement with Western Union strengthens PNB as the bank of choice for both our local and global customers as we continually enhance the portfolio of financial services offered to our variety of customers”
PNB will offer Western Union Money Transfer services across three continents in 13 countries.
With an extensive urban and rural network in the Philippines, PNB’s global footprint mirrors countries popular with Filipinos working and living abroad permanently, including Austria, Canada, France, Germany, Guam, Hong Kong, Japan, Italy, Spain, Singapore, United Kingdom, and the United States.
Bringing together PNB, a Philippine icon, and Western Union, a global leader in money transfer services with a heritage of 150 years is significant, said Eugene Acevedo, President and CEO of PNB.
“It gives our consumers, especially Filipinos, the added comfort of familiarity of a home-grown bank to go with Western Union’s values of convenience, reliability and speed when sending money to family and loved ones.
“Our agreement with Western Union strengthens PNB as the bank of choice for both our local and global customers as we continually enhance the portfolio of financial services offered to our variety of customers,” he said. “This agreement reinforces our commitment to our customers and is an important initiative to deliver sustained and enhanced value to shareholders towards PNB’s goal of becoming the leading bank in facilitating in-bound and out-bound money transfer services.
To add an iconic Filipino bank to Western Union’s global network of 420,000 agent locations in over 200 countries and territories is of strategic significance, particularly with the Philippines being the fourth largest remittance-receiving country in the world, according to the latest World Bank figures, said Drina Yue, managing director and senior vice president, Western Union Asia Pacific.
“Offering Western Union Money Transfer services through PNB locations across three continents in 13 countries reinforces our consumer value propositions of convenient, reliable and fast money transfer services across an unbeatable global network," said Yue. “It also expands our network in the Philippines as well as strengthens our rural presence mirroring PNB’s equally weighted urban and rural footprint."
PNB is the country’s fifth biggest private commercial bank in terms of assets and deposits as of December 31, 2009. Its distribution network is one of the most extensive, with 324 domestic branches, 402 ATMs, and 108 overseas branches and offices. The bank doubled its net income last year to a record P2.2 billion (USD49 million) from P1.1 billion (USD24 million) in 2008. First quarter 2010 profits were favorable by 22% to P889 million. The bank’s leadership position will be bolstered by its planned merger with Allied Banking Corporation, which will bring a new set of opportunities including revenue and cost synergies, market expansion, and wider domestic and international footprint.
Western Union currently has over 6,800 Agent locations in the Philippines which enable consumers to avail money transfer services from as far north as Basco, Batanes, to as far south as Bongao in Tawi-Tawi.
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 420,000 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 Philippine National Bank
Philippine National Bank (PNB) is one of the biggest private commercial banks in the Philippines. Its international footprint is the widest among local banks with 108 branches, offices and subsidiaries located in America, Europe, Middle East and the Asia-Pacific, as of May 15, 2010. Earlier this year, PNB received the Financial Insights Innovation Award for Channels Innovation for its pioneering Automated Remittance Machines. PNB was the sole awardee from the Philippines in this annual search for outstanding innovations in the Asia-Pacific region.
WU-G
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VeriFone Offers Payment Security Monitoring Service to Foil Criminals

http://www.verifone.com

VPAS - VeriFone PED Authentication Service – Detects Presence of Rogue Devices Installed to Hijack Payment Data Information
SAN JOSE, Calif.--(BUSINESS WIRE)--VeriFone Systems, Inc. (NYSE: PAY), today announced a new layer of PIN entry device (PED) security designed to thwart criminal installation of compromised devices at retail locations. The VeriFone PED Authentication Service (VPAS) adds an exclusive layer of on-site security to monitor devices in use to ensure they are legitimate.
“Adherence to ever-changing security standards is the first line of defense, but VPAS augments that strategy with real-time compromise detection as a last line of defense.”
While today’s PCI-approved PED devices are significantly enhanced to resist attacks, criminals are taking advantage of often-mixed environments that incorporate differing levels of hardware security. Increasingly sophisticated attacks focus on stealing legitimate devices and replacing them on-site with seemingly identical but compromised systems that are equipped with electronic “bugs” or “skimmers” to capture data.
“No merchants are immune from these increasingly sophisticated criminal assaults that exploit the lengthy upgrade cycle from older, less secure devices,” said Paul Rasori, VeriFone senior vice president of marketing. “Adherence to ever-changing security standards is the first line of defense, but VPAS augments that strategy with real-time compromise detection as a last line of defense.”
The potential compromise of payment devices is an issue worldwide. Criminals are increasing their investments in efforts to cash in on purloined account data and PINs and are targeting payment devices on all fronts: at the network level, the device level, and the retail environment itself. An alarming number of recent PED compromises on older, yet still ‘compliant’ devices, demonstrates that retaining merchant and consumer trust requires efforts beyond minimal compliance to rules and requirements. By utilizing VPAS with established PIN pad security best practices, merchants and service providers are able to significantly upgrade their level of protection.
The VPAS service will initially be available with VeriFone’s VX Series, MX Series, SC 5000 and Omni 3700 series devices. These systems already feature a unique secret inserted at the time of manufacture - a Unique Manufacturers Authentication Key (UMAK) - that can bind each device to a physical location at the point of sale. Devices transmit their UMAKs at frequent intervals so that VPAS is able to detect installation of rogue devices.
VeriFone, the leader in payment security and founding member of the Secure POS Vendor Alliance, is the only payment solutions provider to offer this unique layer of security. Customer engagement services are available immediately.
Additional Resources:
verifone.com/vpas
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Holdings, Inc.
This press release includes certain forward-looking statements related to VeriFone Holdings, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on VeriFone management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Holdings, Inc. These risks and uncertainties include: the VeriFone PED authentication service is a new service offering and its ability to successfully prevent payment device compromises is yet to be proven, the successful rollout and implementation of the PED authentication service, the implementation of the PED authentication service does not guarantee that third party criminal attacks will not occur or be successful, customers’ acceptance and adoption of VeriFone solutions and other new product and service offerings, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. VeriFone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
About VeriFone Systems, Inc. (www.verifone.com)
VeriFone Systems, Inc. (“VeriFone”) (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.

Contacts

VeriFone

Media Relations:

Pete Bartolik, 508-283-4112

pete_bartolik@verifone.com
Permalink: http://www.businesswire.com/news/home/20100525005728/en/VeriFone-Offers-Payment-Security-Monitoring-Service-Foil
Posted by at

VeriFone Offers Payment Security Monitoring Service to Foil Criminals

http://www.verifone.com

VPAS - VeriFone PED Authentication Service – Detects Presence of Rogue Devices Installed to Hijack Payment Data Information
SAN JOSE, Calif.--(BUSINESS WIRE)--VeriFone Systems, Inc. (NYSE: PAY), today announced a new layer of PIN entry device (PED) security designed to thwart criminal installation of compromised devices at retail locations. The VeriFone PED Authentication Service (VPAS) adds an exclusive layer of on-site security to monitor devices in use to ensure they are legitimate.
“Adherence to ever-changing security standards is the first line of defense, but VPAS augments that strategy with real-time compromise detection as a last line of defense.”
While today’s PCI-approved PED devices are significantly enhanced to resist attacks, criminals are taking advantage of often-mixed environments that incorporate differing levels of hardware security. Increasingly sophisticated attacks focus on stealing legitimate devices and replacing them on-site with seemingly identical but compromised systems that are equipped with electronic “bugs” or “skimmers” to capture data.
“No merchants are immune from these increasingly sophisticated criminal assaults that exploit the lengthy upgrade cycle from older, less secure devices,” said Paul Rasori, VeriFone senior vice president of marketing. “Adherence to ever-changing security standards is the first line of defense, but VPAS augments that strategy with real-time compromise detection as a last line of defense.”
The potential compromise of payment devices is an issue worldwide. Criminals are increasing their investments in efforts to cash in on purloined account data and PINs and are targeting payment devices on all fronts: at the network level, the device level, and the retail environment itself. An alarming number of recent PED compromises on older, yet still ‘compliant’ devices, demonstrates that retaining merchant and consumer trust requires efforts beyond minimal compliance to rules and requirements. By utilizing VPAS with established PIN pad security best practices, merchants and service providers are able to significantly upgrade their level of protection.
The VPAS service will initially be available with VeriFone’s VX Series, MX Series, SC 5000 and Omni 3700 series devices. These systems already feature a unique secret inserted at the time of manufacture - a Unique Manufacturers Authentication Key (UMAK) - that can bind each device to a physical location at the point of sale. Devices transmit their UMAKs at frequent intervals so that VPAS is able to detect installation of rogue devices.
VeriFone, the leader in payment security and founding member of the Secure POS Vendor Alliance, is the only payment solutions provider to offer this unique layer of security. Customer engagement services are available immediately.
Additional Resources:
verifone.com/vpas
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Holdings, Inc.
This press release includes certain forward-looking statements related to VeriFone Holdings, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on VeriFone management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Holdings, Inc. These risks and uncertainties include: the VeriFone PED authentication service is a new service offering and its ability to successfully prevent payment device compromises is yet to be proven, the successful rollout and implementation of the PED authentication service, the implementation of the PED authentication service does not guarantee that third party criminal attacks will not occur or be successful, customers’ acceptance and adoption of VeriFone solutions and other new product and service offerings, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. VeriFone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
About VeriFone Systems, Inc. (www.verifone.com)
VeriFone Systems, Inc. (“VeriFone”) (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.

Contacts

VeriFone

Media Relations:

Pete Bartolik, 508-283-4112

pete_bartolik@verifone.com
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