Kaspersky Reports on Information Security Threats in the First Quarter of 2010

This report was compiled on the basis of data obtained and processed using the Kaspersky Security Network (KSN). KSN is one of the most important innovations in personal products and is currently in the final stages of development. Once completed, it will become an integral feature of Kaspersky Lab's corporate product range.  

The Quarter in Review

• A total of 327,598,028 attempts to infect users’ computers in different countries around the world were recorded — that's 26.8% more than in the previous quarter.


• The vector of attack employed by the cybercriminals is changing: the percentage of attacks that targeted Chinese users dropped by 13%.


• The most dominant malware family on the Internet utilizes HTML code or scripts that the cybercriminals primarily use to infect legitimate sites.


• A total of 119,674,973 malicious host servers were identified. The US and Russia were both ahead of China in terms of the number of malicious hosting servers.


• Detected vulnerabilities increased by 6.9% from the previous quarter. Six of the ten most common vulnerabilities found were in Microsoft products.


• The number of exploits increased 21.3%. Roughly fifty percent of all exploits take advantage of vulnerabilities in Adobe programs due to the fact that Adobe’s programs are widespread and can be run on a number of different platforms.


• Almost any device that synchronizes with a computer is used by the cybercriminals as a carrier of malware these days. The most unusual of which has so far been a USB charger for Energizer batteries.

Kaspersky Reports on Information Security Threats in the First Quarter of 2010

This report was compiled on the basis of data obtained and processed using the Kaspersky Security Network (KSN). KSN is one of the most important innovations in personal products and is currently in the final stages of development. Once completed, it will become an integral feature of Kaspersky Lab's corporate product range.  

The Quarter in Review

• A total of 327,598,028 attempts to infect users’ computers in different countries around the world were recorded — that's 26.8% more than in the previous quarter.


• The vector of attack employed by the cybercriminals is changing: the percentage of attacks that targeted Chinese users dropped by 13%.


• The most dominant malware family on the Internet utilizes HTML code or scripts that the cybercriminals primarily use to infect legitimate sites.


• A total of 119,674,973 malicious host servers were identified. The US and Russia were both ahead of China in terms of the number of malicious hosting servers.


• Detected vulnerabilities increased by 6.9% from the previous quarter. Six of the ten most common vulnerabilities found were in Microsoft products.


• The number of exploits increased 21.3%. Roughly fifty percent of all exploits take advantage of vulnerabilities in Adobe programs due to the fact that Adobe’s programs are widespread and can be run on a number of different platforms.


• Almost any device that synchronizes with a computer is used by the cybercriminals as a carrier of malware these days. The most unusual of which has so far been a USB charger for Energizer batteries.

Ten Ways Online Businesses Can Fight Credit Card Fraud...only One Way to Eliminate It...

Editor's Note:  I saw this come through the press wires and while the information (the 10 tips) is good, it doesn't solve the main problem.  The main problem is highlighted below.  To solve the problem (online criminals using the web to harvest credit card information) we have to change the way we purchase goods online.  We are enabling them and that "enabler" is the practice of typing card numbers into boxes on an eCommerce checkout site.   If we stopped typing altogether, and started swiping (and end to end encrypting the data)  that would go a long way towards solving the problem.  I know I sound like a broken record but I don't see anything that has occurred over the last three years that makes me change my tune.



SUNRISE, Fla., June 8 /PRNewswire/ -- With increasing concern over privacy of information online - especially in the wake of Facebook's recent policy changes - consumers and businesses alike are taking a closer look at not only privacy, but safety and security of online transactions.

To date, much of the focus has been on consumers as the victims of credit card fraud. However, according to Sean Wolf, CEO and founder of National Merchant Bancard, a vast majority of online businesses are affected by it. In fact, credit card fraud is one of the most serious risks facing online businesses today.

"Many online criminals use the web to harvest credit card information," warns Wolf, "by sending out mass emails designed to mimic those that customers might receive from their banks. They trick people into giving up credit card information. Thieves use this information to place orders online."

It's business as usual, and the products are shipped out. The charges are then disputed by the real credit card holder, forcing the business to either issue a prompt refund, or risk losing its credit card processing account and ruining its credit. "In short," says Wolf, "the business owner takes the loss." Unfortunately, credit card fraud is something that can never be entirely eliminated. Business owners must weigh the importance of using safeguards to prevent fraud, against the negatives of creating too many hoops for customers to jump through.

Wolf says online merchants can minimize the risk of credit card fraud by implementing these 10 best practices:

• Require address verification

• Only ship items to the credit card billing address

• Do not accept orders for products from credit cards issued by non-U.S. banks

• Require customers to enter their CVV2 number, located on the back of the credit card

• Capture the IP address of every customer (The IP address can indicate that a customer is placing an order from a location other than the shipping address

Or you could have your customers swipe their card and enter their PIN

replicating the same process used by brick and mortar retailers.  

• Require delivery tracking and signature

• Phone the customer to verify the order if necessary

• Be wary of any customer attempting to use multiple credit cards for any one transaction

• Watch for multiple orders shipping to the same address, but using different credit cards

• Make sure the customer's phone number is in an area code which corresponds to the credit card billing address

Wolf says businesses also can avoid costly credit card fraud by using a secure credit processing system. National Merchant Bancard's web-based terminal is a server-based transaction processing system that enables approved businesses to authorize, process and manage credit card and electronic check transactions via a secure Internet connection. This terminal is compatible with the majority of online shopping carts and software-related companies. National Merchant Bancard has direct relationships with several of the largest processing networks in the industry, including First Data, Paymentech and Global Processing Inc. The company's partnerships allow it to be compatible with almost every platform in the industry.

For information on accepting credit cards online, using the latest in anti-fraud and security measures, visithttp://www.995merchantaccounts.com.

About National Merchant Bancard

National Merchant Bancard is one of the largest merchant account providers in the credit card processing industry. The company has successfully provided more than 50,000 businesses with credit card processing software and equipment, nationwide. With over 10 years of experience in the merchant account industry, National Merchant Bancard has facilitated credit card transactions in excess of $1 billion.

This press release was issued through eReleases(R).  For more information, visit eReleases Press Release Distribution athttp://www.ereleases.com.

SOURCE National Merchant Bancard

Ten Ways Online Businesses Can Fight Credit Card Fraud...only One Way to Eliminate It...

Editor's Note:  I saw this come through the press wires and while the information (the 10 tips) is good, it doesn't solve the main problem.  The main problem is highlighted below.  To solve the problem (online criminals using the web to harvest credit card information) we have to change the way we purchase goods online.  We are enabling them and that "enabler" is the practice of typing card numbers into boxes on an eCommerce checkout site.   If we stopped typing altogether, and started swiping (and end to end encrypting the data)  that would go a long way towards solving the problem.  I know I sound like a broken record but I don't see anything that has occurred over the last three years that makes me change my tune.



SUNRISE, Fla., June 8 /PRNewswire/ -- With increasing concern over privacy of information online - especially in the wake of Facebook's recent policy changes - consumers and businesses alike are taking a closer look at not only privacy, but safety and security of online transactions.

To date, much of the focus has been on consumers as the victims of credit card fraud. However, according to Sean Wolf, CEO and founder of National Merchant Bancard, a vast majority of online businesses are affected by it. In fact, credit card fraud is one of the most serious risks facing online businesses today.

"Many online criminals use the web to harvest credit card information," warns Wolf, "by sending out mass emails designed to mimic those that customers might receive from their banks. They trick people into giving up credit card information. Thieves use this information to place orders online."

It's business as usual, and the products are shipped out. The charges are then disputed by the real credit card holder, forcing the business to either issue a prompt refund, or risk losing its credit card processing account and ruining its credit. "In short," says Wolf, "the business owner takes the loss." Unfortunately, credit card fraud is something that can never be entirely eliminated. Business owners must weigh the importance of using safeguards to prevent fraud, against the negatives of creating too many hoops for customers to jump through.

Wolf says online merchants can minimize the risk of credit card fraud by implementing these 10 best practices:

• Require address verification

• Only ship items to the credit card billing address

• Do not accept orders for products from credit cards issued by non-U.S. banks

• Require customers to enter their CVV2 number, located on the back of the credit card

• Capture the IP address of every customer (The IP address can indicate that a customer is placing an order from a location other than the shipping address

Or you could have your customers swipe their card and enter their PIN

replicating the same process used by brick and mortar retailers.  

• Require delivery tracking and signature

• Phone the customer to verify the order if necessary

• Be wary of any customer attempting to use multiple credit cards for any one transaction

• Watch for multiple orders shipping to the same address, but using different credit cards

• Make sure the customer's phone number is in an area code which corresponds to the credit card billing address

Wolf says businesses also can avoid costly credit card fraud by using a secure credit processing system. National Merchant Bancard's web-based terminal is a server-based transaction processing system that enables approved businesses to authorize, process and manage credit card and electronic check transactions via a secure Internet connection. This terminal is compatible with the majority of online shopping carts and software-related companies. National Merchant Bancard has direct relationships with several of the largest processing networks in the industry, including First Data, Paymentech and Global Processing Inc. The company's partnerships allow it to be compatible with almost every platform in the industry.

For information on accepting credit cards online, using the latest in anti-fraud and security measures, visithttp://www.995merchantaccounts.com.

About National Merchant Bancard

National Merchant Bancard is one of the largest merchant account providers in the credit card processing industry. The company has successfully provided more than 50,000 businesses with credit card processing software and equipment, nationwide. With over 10 years of experience in the merchant account industry, National Merchant Bancard has facilitated credit card transactions in excess of $1 billion.

This press release was issued through eReleases(R).  For more information, visit eReleases Press Release Distribution athttp://www.ereleases.com.

SOURCE National Merchant Bancard

mopay Now Available in 18 Countries in Central and South America

PALO ALTO, Calif.--(BUSINESS WIRE)--mopay, a leading provider of mobile payment solutions worldwide, has expanded the global reach of its mobile payment platform by adding a substantial number of Latin American countries to its worldwide coverage list. With this move, mopay opens up the fast-growing Latin American market to international companies looking to monetize their offerings by means of mobile payments. In addition to its long standing mobile payment coverage in Brazil, Argentina, Mexico, Chile, Peru, Colombia and Venezuela, mopay just added 11 new countries to its coverage map, racking up the total number of countries covered to 75.

“Central and South America are among the fastest-growing mobile telecommunication markets in the world. By covering 81 percent of the Latin America population, mopay enables merchants to monetize their consumers by offering the most common, instantly available payment method in Central and South America.”

Among international mobile payment providers, mopay is fortifying its lead in global coverage. The 11 recently added countries include Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Bolivia, Ecuador, Paraguay and Uruguay. mopay connects to the major carriers in each of these countries facilitating the billing of small amounts to mobile phone accounts, enabling consumers to choose mopay as means of payment to buy digital and virtual goods with their mobile phones. Beneficiaries of this expansion are both companies in Latin America with a global focus as well as mopay’s well-established customer base in Europe, North America and Asia who address this market.

“From our 10 years in the mobile payment industry we have learned that mobile payment revenues can be significant - especially in emerging markets where classic means of payment are not really widespread,” says Kolja Reiss, Managing Director of Palo Alto-based mopay Inc. “Central and South America are among the fastest-growing mobile telecommunication markets in the world. By covering 81 percent of the Latin America population, mopay enables merchants to monetize their consumers by offering the most common, instantly available payment method in Central and South America.”

About mopay

mopay is one of the world’s leading solutions for network provider-based billing of small amounts. The mobile payment solution is providing 3.3 billion people in over 75 countries a platform on which digital goods and services can be billed by SMS. Among mopay’s customers are renowned portals from the gaming, community and contents sectors. mopay, part of the MindMatics group, has close to 100 employees at locations in Germany, Austria, the United Kingdom and the United States. For more information, visit www.mopay-inc.com.

Contacts

PAN Communications

Lisa Astor, 001 - 978-474-1900

mopay@pancomm.com

Permalink: http://www.businesswire.com/news/home/20100608005349/en/mopay-18-Countries-Central-South-America

mopay Now Available in 18 Countries in Central and South America

PALO ALTO, Calif.--(BUSINESS WIRE)--mopay, a leading provider of mobile payment solutions worldwide, has expanded the global reach of its mobile payment platform by adding a substantial number of Latin American countries to its worldwide coverage list. With this move, mopay opens up the fast-growing Latin American market to international companies looking to monetize their offerings by means of mobile payments. In addition to its long standing mobile payment coverage in Brazil, Argentina, Mexico, Chile, Peru, Colombia and Venezuela, mopay just added 11 new countries to its coverage map, racking up the total number of countries covered to 75.

“Central and South America are among the fastest-growing mobile telecommunication markets in the world. By covering 81 percent of the Latin America population, mopay enables merchants to monetize their consumers by offering the most common, instantly available payment method in Central and South America.”

Among international mobile payment providers, mopay is fortifying its lead in global coverage. The 11 recently added countries include Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Bolivia, Ecuador, Paraguay and Uruguay. mopay connects to the major carriers in each of these countries facilitating the billing of small amounts to mobile phone accounts, enabling consumers to choose mopay as means of payment to buy digital and virtual goods with their mobile phones. Beneficiaries of this expansion are both companies in Latin America with a global focus as well as mopay’s well-established customer base in Europe, North America and Asia who address this market.

“From our 10 years in the mobile payment industry we have learned that mobile payment revenues can be significant - especially in emerging markets where classic means of payment are not really widespread,” says Kolja Reiss, Managing Director of Palo Alto-based mopay Inc. “Central and South America are among the fastest-growing mobile telecommunication markets in the world. By covering 81 percent of the Latin America population, mopay enables merchants to monetize their consumers by offering the most common, instantly available payment method in Central and South America.”

About mopay

mopay is one of the world’s leading solutions for network provider-based billing of small amounts. The mobile payment solution is providing 3.3 billion people in over 75 countries a platform on which digital goods and services can be billed by SMS. Among mopay’s customers are renowned portals from the gaming, community and contents sectors. mopay, part of the MindMatics group, has close to 100 employees at locations in Germany, Austria, the United Kingdom and the United States. For more information, visit www.mopay-inc.com.

Contacts

PAN Communications

Lisa Astor, 001 - 978-474-1900

mopay@pancomm.com

Permalink: http://www.businesswire.com/news/home/20100608005349/en/mopay-18-Countries-Central-South-America

Suncorp, Hypercom and Live TaxiEpay Strengthen Position in the Taxi Vertical

Image via Wikipedia

Innovators Deploying 3,500+ Hypercom Optimum M4230 Systems in Sydney and Melbourne

MELBOURNE, Australia & SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Hypercom Corporation (NYSE: HYC) today announced that Suncorp and Live TaxiEpay will supply Hypercom Optimum M4230 mobile payment terminals to more than 3,500 taxis transporting over 110,000 customers per day. The rollout is already under way in Sydney and Melbourne and is expected to be completed within the next six to 12 months.

“With this rollout, we bring more choice to the market and strengthen our footprint in the region and in the transportation sector.”

“Our Live TaxiEpay system with Hypercom is one of the leading taxi payments solutions that allow taxi operators and drivers to get paid more frequently and directly for their work and gain a percentage of the card transaction service fee, improving industry cash flow. Live TaxiEpay also allows drivers and operators to receive cash for their transactions or have funds directed straight to their bank account. This innovative and compelling value proposition has created strong and growing demand from drivers across the country,” said Tom Varga, CEO, the Live Group.

Unlike competitor systems, the Live TaxiEpay solution also gives taxi operators and drivers the ability to cash in their vouchers at exchange centers such as service stations, without being charged a commission. Drivers can also relax at Live Group’s dedicated driver lounges where free coffee, free internet and Foxtel is available.

“We bring the widest array of payment solutions to the market backed by the industry’s strongest security, and we do it with leading financial institutions like Suncorp and innovators like Live TaxiEpay,” said Jacques-Herve Maupin, Managing Director, Hypercom Asia Pacific. “With this rollout, we bring more choice to the market and strengthen our footprint in the region and in the transportation sector.”

Hypercom’s high-performance, PCI-PED-approved M4230 features long-range GPRS with dial back-up, the industry's top security certification, 32-bit multi-application processing for maximum transaction speed and 24MB memory that is two to three times larger than similar products to accommodate value-added applications.

About the Live Group

The Live Group is a transaction processing business currently specifically servicing Australian taxi drivers/operators and corporate customers.

Live TaxiEpay is a wholly owned subsidiary of the Live Group specifically involved in supplying EFTPOS terminals and additional value-added services to the Australian taxi industry. Live TaxiEpay was developed through the merger of TaxiEpay and Live Payments in November 2008. Live Group’s other subsidiary, Live Payments, provides a unique corporate taxi payments solution and online reconciliation portal that assists corporate users in tracking their taxi expenditure. Live Payments can deliver significant time and cost savings to the corporate user.

About Hypercom

Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products, software solutions and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, self-service and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. Hypercom is a founding member of the Secure POS Vendor Alliance (SPVA) and is the second largest provider of electronic payment solutions and services in Western Europe and third largest provider globally.

Hypercom is a registered trademark of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.

Contacts

Hypercom Corporation

Pete Schuddekopf

480-642-5383

pschuddekopf@hypercom.com

or

Live TaxiEpay (Media)

Tom Varga, CEO, Live Group

+612 9549 3200

tom.varga@livepayments.com.au

Permalink: http://www.businesswire.com/news/home/20100608005668/en/Suncorp-Hypercom-Live-TaxiEpay-Strengthen-Position-Taxi

Suncorp, Hypercom and Live TaxiEpay Strengthen Position in the Taxi Vertical

Image via Wikipedia

Innovators Deploying 3,500+ Hypercom Optimum M4230 Systems in Sydney and Melbourne

MELBOURNE, Australia & SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Hypercom Corporation (NYSE: HYC) today announced that Suncorp and Live TaxiEpay will supply Hypercom Optimum M4230 mobile payment terminals to more than 3,500 taxis transporting over 110,000 customers per day. The rollout is already under way in Sydney and Melbourne and is expected to be completed within the next six to 12 months.

“With this rollout, we bring more choice to the market and strengthen our footprint in the region and in the transportation sector.”

“Our Live TaxiEpay system with Hypercom is one of the leading taxi payments solutions that allow taxi operators and drivers to get paid more frequently and directly for their work and gain a percentage of the card transaction service fee, improving industry cash flow. Live TaxiEpay also allows drivers and operators to receive cash for their transactions or have funds directed straight to their bank account. This innovative and compelling value proposition has created strong and growing demand from drivers across the country,” said Tom Varga, CEO, the Live Group.

Unlike competitor systems, the Live TaxiEpay solution also gives taxi operators and drivers the ability to cash in their vouchers at exchange centers such as service stations, without being charged a commission. Drivers can also relax at Live Group’s dedicated driver lounges where free coffee, free internet and Foxtel is available.

“We bring the widest array of payment solutions to the market backed by the industry’s strongest security, and we do it with leading financial institutions like Suncorp and innovators like Live TaxiEpay,” said Jacques-Herve Maupin, Managing Director, Hypercom Asia Pacific. “With this rollout, we bring more choice to the market and strengthen our footprint in the region and in the transportation sector.”

Hypercom’s high-performance, PCI-PED-approved M4230 features long-range GPRS with dial back-up, the industry's top security certification, 32-bit multi-application processing for maximum transaction speed and 24MB memory that is two to three times larger than similar products to accommodate value-added applications.

About the Live Group

The Live Group is a transaction processing business currently specifically servicing Australian taxi drivers/operators and corporate customers.

Live TaxiEpay is a wholly owned subsidiary of the Live Group specifically involved in supplying EFTPOS terminals and additional value-added services to the Australian taxi industry. Live TaxiEpay was developed through the merger of TaxiEpay and Live Payments in November 2008. Live Group’s other subsidiary, Live Payments, provides a unique corporate taxi payments solution and online reconciliation portal that assists corporate users in tracking their taxi expenditure. Live Payments can deliver significant time and cost savings to the corporate user.

About Hypercom

Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products, software solutions and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, self-service and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. Hypercom is a founding member of the Secure POS Vendor Alliance (SPVA) and is the second largest provider of electronic payment solutions and services in Western Europe and third largest provider globally.

Hypercom is a registered trademark of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.

Contacts

Hypercom Corporation

Pete Schuddekopf

480-642-5383

pschuddekopf@hypercom.com

or

Live TaxiEpay (Media)

Tom Varga, CEO, Live Group

+612 9549 3200

tom.varga@livepayments.com.au

Permalink: http://www.businesswire.com/news/home/20100608005668/en/Suncorp-Hypercom-Live-TaxiEpay-Strengthen-Position-Taxi

Panini Announces New Subsidiary and Product at Ciab FEBRABAN 2010

Company Extends Commitment to Brazilian Financial Service Customers

Ciab FEBRABAN 2010

TORINO, Italy--(BUSINESS WIRE)--Panini, the global market leader in distributed check capture, is announcing the establishment of Panini Ltda, a fully-owned company subsidiary with its main office in São Paulo, Brazil. This news, along with the announcement of a new Panini product tailored to the needs of the Brazilian financial services market, was made public today at Ciab FEBRABAN 2010, one of the world’s largest financial services events, in São Paulo, Brazil at the Transamerica Convention Center.

“As the global leaders in distributed capture, we are committed to the success of this market and have been involved from the beginning in many aspects of Brazil’s new check truncation legislation”

Panini has been engaged in the Brazilian financial services market for many years and has experienced growing success. Panini Ltda gives the company a direct presence in a country that’s moving towards check truncation in the banking industry. “As the global leaders in distributed capture, we are committed to the success of this market and have been involved from the beginning in many aspects of Brazil’s new check truncation legislation,” says Nicola Aliperti, CEO, Panini. “The establishment of Panini Ltda allows us to continue to support the industry’s transition to check truncation while enhancing our market capabilities.”

Romeo Gonçalez, an executive with over 20 years experience in the Brazilian banking industry, will lead the development of Panini’s presence and leadership in Brazil as well as the growing business in the other Latin American countries. Romeo, before joining Panini, held several management positions in different companies working on technology and services for the banking industry and was Sales Director for NCR Brazil. Mr. Gonçalez can be reached at romeo.goncalez@panini.com.

The company also announced a new product at Ciab FEBRABAN 2010 today. In addition to utilizing Panini’s worldwide market-leading Vision X and I:Deal check scanners, Brazilian financial institutions can now combine check capture and document automation with this new, state-of-the-art technology. The new product, capable of processing a wide range of documents, will be available to order later this year.

“We have a constant pulse on the market, and our product strategy is a direct result of ongoing customer and industry interaction,” adds Gonçalez. “It will allow Brazilian financial institutions to continue cost effective automation of their paper documents and processes.”

Panini is exhibiting at Ciab FEBRABAN 2010 in Booth N˚. A2. Attendees can visit the booth for a demonstration of Panini’s world-class check capture solutions. Additionally, Panini’s CEO, Nicola Aliperti and Panini Ltda’s Director, Romeo Gonçalez are in attendance.

Panini Ltda is located at Rua Joaquim Floriano, 871 – 11ºA, CEP 04534-013 São Paulo – Brazil. The office telephone number is +5511 3168-5521.

About Panini

Founded in Turin, Italy, Panini has enabled clients to capitalize on shifts in the global payments processing market for more than sixty years. Panini has a rich history of technology innovation, leveraging the company’s expertise in research & development. Panini’s market leading solutions are based on state-of-the-art engineering resources and ISO-9000 quality certified production. Panini offers check capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check. Panini’s scalable check capture solutions address the complete range of distributed check processing opportunities including teller capture, back-counter capture, remote deposit capture and remittance processing. For more information please call 937.291.2195 or visit www.panini.com.

Contacts

PANINI

Jessica Back, Media Contact, +1 937-291-2195 x128

jessica.back@panini.com

Permalink: http://www.businesswire.com/news/home/20100608006676/en/Panini-Announces-Subsidiary-Product-Ciab-FEBRABAN-2010

Panini Announces New Subsidiary and Product at Ciab FEBRABAN 2010

Company Extends Commitment to Brazilian Financial Service Customers

Ciab FEBRABAN 2010

TORINO, Italy--(BUSINESS WIRE)--Panini, the global market leader in distributed check capture, is announcing the establishment of Panini Ltda, a fully-owned company subsidiary with its main office in São Paulo, Brazil. This news, along with the announcement of a new Panini product tailored to the needs of the Brazilian financial services market, was made public today at Ciab FEBRABAN 2010, one of the world’s largest financial services events, in São Paulo, Brazil at the Transamerica Convention Center.

“As the global leaders in distributed capture, we are committed to the success of this market and have been involved from the beginning in many aspects of Brazil’s new check truncation legislation”

Panini has been engaged in the Brazilian financial services market for many years and has experienced growing success. Panini Ltda gives the company a direct presence in a country that’s moving towards check truncation in the banking industry. “As the global leaders in distributed capture, we are committed to the success of this market and have been involved from the beginning in many aspects of Brazil’s new check truncation legislation,” says Nicola Aliperti, CEO, Panini. “The establishment of Panini Ltda allows us to continue to support the industry’s transition to check truncation while enhancing our market capabilities.”

Romeo Gonçalez, an executive with over 20 years experience in the Brazilian banking industry, will lead the development of Panini’s presence and leadership in Brazil as well as the growing business in the other Latin American countries. Romeo, before joining Panini, held several management positions in different companies working on technology and services for the banking industry and was Sales Director for NCR Brazil. Mr. Gonçalez can be reached at romeo.goncalez@panini.com.

The company also announced a new product at Ciab FEBRABAN 2010 today. In addition to utilizing Panini’s worldwide market-leading Vision X and I:Deal check scanners, Brazilian financial institutions can now combine check capture and document automation with this new, state-of-the-art technology. The new product, capable of processing a wide range of documents, will be available to order later this year.

“We have a constant pulse on the market, and our product strategy is a direct result of ongoing customer and industry interaction,” adds Gonçalez. “It will allow Brazilian financial institutions to continue cost effective automation of their paper documents and processes.”

Panini is exhibiting at Ciab FEBRABAN 2010 in Booth N˚. A2. Attendees can visit the booth for a demonstration of Panini’s world-class check capture solutions. Additionally, Panini’s CEO, Nicola Aliperti and Panini Ltda’s Director, Romeo Gonçalez are in attendance.

Panini Ltda is located at Rua Joaquim Floriano, 871 – 11ºA, CEP 04534-013 São Paulo – Brazil. The office telephone number is +5511 3168-5521.

About Panini

Founded in Turin, Italy, Panini has enabled clients to capitalize on shifts in the global payments processing market for more than sixty years. Panini has a rich history of technology innovation, leveraging the company’s expertise in research & development. Panini’s market leading solutions are based on state-of-the-art engineering resources and ISO-9000 quality certified production. Panini offers check capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check. Panini’s scalable check capture solutions address the complete range of distributed check processing opportunities including teller capture, back-counter capture, remote deposit capture and remittance processing. For more information please call 937.291.2195 or visit www.panini.com.

Contacts

PANINI

Jessica Back, Media Contact, +1 937-291-2195 x128

jessica.back@panini.com

Permalink: http://www.businesswire.com/news/home/20100608006676/en/Panini-Announces-Subsidiary-Product-Ciab-FEBRABAN-2010