Wednesday, June 9, 2010

Jack Dorsey to Give Keynote Address at Underbanked Forum: Social Media Meets Financial Services: Square the Circle









Co-Creator of Twitter Kicks Off CFSI 5th Annual Underbanked Forum to Premier Latest Innovations Serving Underbanked Consumers

Underbanked Solutions Exchange to Meet and Welcome Newest Participants
MIAMI--(BUSINESS WIRE)--The Center for Financial Services Innovation (CFSI) begins its 5th Annual Underbanked Financial Services Forum today with Jack Dorsey, the co-founder of Twitter and Square, delivering the keynote address at 4:30 pm. 
In his address, “Social Media Meets Financial Services: Square the Circle,” Dorsey will give attendees the latest details on Square, his newest endeavor. With the Square reader—a small gadget that plugs into mobile devices—individuals and merchants can easily and instantly accept credit card payments. Dorsey will be guiding an interactive demonstration of Square’s latest Smartphone applications within his presentation.







Want Encryption with Your Swipe?  We can help.  Click the Banner to Send Inquiry




Prior to the start of The Forum today, CFSI’s Underbanked Solutions Exchange, generously sponsored by Meta Payment Systems, will meet and discuss new research conducted by CFSI and Meta Payment Systems on the nuances of distributing general purpose reloadable prepaid cards in the branch environment. The Underbanked Solutions Exchange is a collaborative group of mid-size banks and credit unions engaged in action-oriented discussions to share thoughts, ideas, questions, and experiences with other institutions all with the ultimate goal of profitably and responsibly serving the underbanked.



The Underbanked Solutions Exchange welcomes new participants Guaranty Bank, Dollar Bank, and Self-Help to the working group. The new participants join current Underbanked Solutions Exchange institutions Kinecta Federal Credit Union, Old National Bank, ESL Federal Credit Union, El Banco de Nuestra Comunidad, Comerica Bank, and Centris Federal Credit Union.



The Underbanked Financial Services Forum is the premier event for players across the financial services spectrum. Attendees get the latest information from industry experts and on-the-ground case studies, offering the best strategies and solutions to achieve profitable growth and long-term success. The Forum also offers an exhibit hall focused on underbanked solutions and a variety of networking formats. As awareness of the potential value and demographic diversity of the underbanked market continues to grow, the Underbanked Financial Services Forum remains the single best place to learn from and connect with industry leaders transforming the financial services landscape.



The Forum continues through Friday, June 11 and features a wide variety of guest speakers from across the financial services landscape. Speakers include: Susan Ehrlich, SVP and President,Sears Holding Corporation; Andrew D. Plepler, Global Corporate Social Responsibility Executive and Consumer Policy Executive, Bank of America; Mark Jones, Lead for Service Design and Innovation, IDEO; Michelle Greene, Deputy Assistant Secretary for Financial Education, U.S. Department of Treasury; and Ellen Lazar, Senior Advisor to the Chairman, FDIC.

For more on the Underbanked Financial Services Forum, visit http://www.americanbanker.com/conferences/cfsi10.



About CFSIThe Center for Financial Services Innovation is the nation’s leading authority on financial services for underbanked consumers. Since 2004, its programs have focused on informing, connecting, and investing – gathering enhanced intelligence, brokering and supporting productive industry relationships, and fostering best-in-class products and strategies. A non-profit affiliate of ShoreBank Corporation, CFSI works with leaders and innovators in the business, government and non-profit sectors to transform the financial services landscape. For more on CFSI, go towww.cfsinnovation.com

Contacts

Center for Financial Services Innovation

Lorie Bonham, 312-860-1022

Marketing and Communication Director

lbonham@cfsinnovation.com
Permalink: http://www.businesswire.com/news/home/20100609005667/en/Co-Creator-Twitter-Kicks-CFSI-5th-Annual-Underbanked

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Jack Dorsey to Give Keynote Address at Underbanked Forum: Social Media Meets Financial Services: Square the Circle









Co-Creator of Twitter Kicks Off CFSI 5th Annual Underbanked Forum to Premier Latest Innovations Serving Underbanked Consumers

Underbanked Solutions Exchange to Meet and Welcome Newest Participants
MIAMI--(BUSINESS WIRE)--The Center for Financial Services Innovation (CFSI) begins its 5th Annual Underbanked Financial Services Forum today with Jack Dorsey, the co-founder of Twitter and Square, delivering the keynote address at 4:30 pm. 
In his address, “Social Media Meets Financial Services: Square the Circle,” Dorsey will give attendees the latest details on Square, his newest endeavor. With the Square reader—a small gadget that plugs into mobile devices—individuals and merchants can easily and instantly accept credit card payments. Dorsey will be guiding an interactive demonstration of Square’s latest Smartphone applications within his presentation.







Want Encryption with Your Swipe?  We can help.  Click the Banner to Send Inquiry




Prior to the start of The Forum today, CFSI’s Underbanked Solutions Exchange, generously sponsored by Meta Payment Systems, will meet and discuss new research conducted by CFSI and Meta Payment Systems on the nuances of distributing general purpose reloadable prepaid cards in the branch environment. The Underbanked Solutions Exchange is a collaborative group of mid-size banks and credit unions engaged in action-oriented discussions to share thoughts, ideas, questions, and experiences with other institutions all with the ultimate goal of profitably and responsibly serving the underbanked.



The Underbanked Solutions Exchange welcomes new participants Guaranty Bank, Dollar Bank, and Self-Help to the working group. The new participants join current Underbanked Solutions Exchange institutions Kinecta Federal Credit Union, Old National Bank, ESL Federal Credit Union, El Banco de Nuestra Comunidad, Comerica Bank, and Centris Federal Credit Union.



The Underbanked Financial Services Forum is the premier event for players across the financial services spectrum. Attendees get the latest information from industry experts and on-the-ground case studies, offering the best strategies and solutions to achieve profitable growth and long-term success. The Forum also offers an exhibit hall focused on underbanked solutions and a variety of networking formats. As awareness of the potential value and demographic diversity of the underbanked market continues to grow, the Underbanked Financial Services Forum remains the single best place to learn from and connect with industry leaders transforming the financial services landscape.



The Forum continues through Friday, June 11 and features a wide variety of guest speakers from across the financial services landscape. Speakers include: Susan Ehrlich, SVP and President,Sears Holding Corporation; Andrew D. Plepler, Global Corporate Social Responsibility Executive and Consumer Policy Executive, Bank of America; Mark Jones, Lead for Service Design and Innovation, IDEO; Michelle Greene, Deputy Assistant Secretary for Financial Education, U.S. Department of Treasury; and Ellen Lazar, Senior Advisor to the Chairman, FDIC.

For more on the Underbanked Financial Services Forum, visit http://www.americanbanker.com/conferences/cfsi10.



About CFSIThe Center for Financial Services Innovation is the nation’s leading authority on financial services for underbanked consumers. Since 2004, its programs have focused on informing, connecting, and investing – gathering enhanced intelligence, brokering and supporting productive industry relationships, and fostering best-in-class products and strategies. A non-profit affiliate of ShoreBank Corporation, CFSI works with leaders and innovators in the business, government and non-profit sectors to transform the financial services landscape. For more on CFSI, go towww.cfsinnovation.com

Contacts

Center for Financial Services Innovation

Lorie Bonham, 312-860-1022

Marketing and Communication Director

lbonham@cfsinnovation.com
Permalink: http://www.businesswire.com/news/home/20100609005667/en/Co-Creator-Twitter-Kicks-CFSI-5th-Annual-Underbanked

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(Very) Insecure Online Sites Compromise Passwords for Rest of Web







Passwords cracked at weak sites may be used elsewhere

By Elizabeth Heichler ShareThis
A major study of security at password-protected Web sites revealed a lack of standards across the industry that harms end-users, according to Cambridge University researchers.





In particular, the weak implementations of password-based authentication at lower-security sites compromises the protections offered at higher-security sites because individuals often re-use passwords, Joseph Bonneau and Soren Preibusch asserted in a paper presented at the Workshop on the Economics of Information Security in Cambridge, Massachusetts, on Monday.






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(Very) Insecure Online Sites Compromise Passwords for Rest of Web







Passwords cracked at weak sites may be used elsewhere

By Elizabeth Heichler ShareThis
A major study of security at password-protected Web sites revealed a lack of standards across the industry that harms end-users, according to Cambridge University researchers.





In particular, the weak implementations of password-based authentication at lower-security sites compromises the protections offered at higher-security sites because individuals often re-use passwords, Joseph Bonneau and Soren Preibusch asserted in a paper presented at the Workshop on the Economics of Information Security in Cambridge, Massachusetts, on Monday.






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Security Firms Get Ready for Smart Phone Attacks







Bloomberg

Security firms gird for attacks on smart phones

Alejandro Martínez-Cabrera, Chronicle Staff Writer
Wednesday, June 9, 2010




MORE TECHNOLOGY


Mobile devices have been mostly spared from the onslaught of cyber-attacks that prey on computer users every day, but security vendors are already positioning themselves in anticipation of a swell in the demand for such services and products in the next couple of years.





"Nobody's making money at the moment with mobile security. But all the players assume that sooner or later we will see a major outbreak or some other major event that will change the situation forever," said Mikko Hypponen, chief research officer at Finland-based mobile security leader F-Secure.





Not at critical mass

Experts say smart phones have not reached critical mass yet; thus, they haven't caught the attention of online criminals and still don't merit their efforts. However, sales of such devices - and the competition in this industry - are clearly on the rise. On Monday, Apple unveiled its latest iPhone, and Sprint Nextel Corp. said its new HTC Corp. Evo 4G handset broke the company's one-day record for sales of a single phone.



The mobile market also remains very fragmented, and there is still no single obvious target, said Charlie Miller, security researcher at Independent Security Evaluators and renowned Apple hacker.

In the computer world, "basically everybody is on Windows," he said. "But for phones you have Android, Symbian, Windows Mobile and etcetera. It takes more effort to write malware for six operating systems instead of one."


Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/06/09/BU971DR8K1.DTL&type=tech#ixzz0qN092mjd
Posted by at

Security Firms Get Ready for Smart Phone Attacks







Bloomberg

Security firms gird for attacks on smart phones

Alejandro Martínez-Cabrera, Chronicle Staff Writer
Wednesday, June 9, 2010




MORE TECHNOLOGY


Mobile devices have been mostly spared from the onslaught of cyber-attacks that prey on computer users every day, but security vendors are already positioning themselves in anticipation of a swell in the demand for such services and products in the next couple of years.





"Nobody's making money at the moment with mobile security. But all the players assume that sooner or later we will see a major outbreak or some other major event that will change the situation forever," said Mikko Hypponen, chief research officer at Finland-based mobile security leader F-Secure.





Not at critical mass

Experts say smart phones have not reached critical mass yet; thus, they haven't caught the attention of online criminals and still don't merit their efforts. However, sales of such devices - and the competition in this industry - are clearly on the rise. On Monday, Apple unveiled its latest iPhone, and Sprint Nextel Corp. said its new HTC Corp. Evo 4G handset broke the company's one-day record for sales of a single phone.



The mobile market also remains very fragmented, and there is still no single obvious target, said Charlie Miller, security researcher at Independent Security Evaluators and renowned Apple hacker.

In the computer world, "basically everybody is on Windows," he said. "But for phones you have Android, Symbian, Windows Mobile and etcetera. It takes more effort to write malware for six operating systems instead of one."


Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/06/09/BU971DR8K1.DTL&type=tech#ixzz0qN092mjd
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The Next-Generation Oyster Card



How prepaid has taken public service to the next level
Seven years after Transport for London revolutionised how Londoners pay for their transport, the company is to reveal a new transformation in the Oyster Card at a unique prepaid industry gathering in London next week. Peter Lewis, Head of Oyster at Transport for London is one of several speakers from public services and local government who will share their success stories at the Prepaid 2010conference at The Brewery from 15-16 June.
Says Sonum Puri, the project director of Prepaid 2010: “Innovative local and central government departments specialising in education, healthcare and personalised care are using smart cards to provide new services as cost effectively as possible whilst improving standards of service delivery.  During Prepaid 2010 we show the success stories of local councils who have made technology work for them, while saving money and increasing efficiency in the process. We also give local governments the tools to introduce exciting, new cashless applications.”
More successful projects from public services that will be unpacked are:
  • The Croydon e-Pay cashless schools project: a groundbreaking project that won a prestigious Local e-Government excellence award.

  • Westminster’s pay by phone parking scheme: sophisticated, convenient and accessible.

  • Transforming service delivery in local councils with prepaid and smartcards: including Hillingdon Council, London Councils and Bracknell Forest Council.

  • Healthcare and catering: the first pioneers of government smartcard technology introduce new applications to improve services.

Some of the most successful retail and finance companies offering prepaid and gift card payment schemes will also share their success stories, new innovations and groundbreaking technologies at what is the UK’s only and Europe’s largest industry gathering, including Mastercard, Visa,Barclaycard, 02, Target, Marks & Spencer, Sainsbury’s, Nokia and PrePay Solutions.
More highlights from the programme:
  • The 02 Money Card:  the award-winning marketing strategy of bringing together mobile and wallet

    James Day, Head of 02 Money Marketing, 02

  • Prepaid comes of age: prepaid as everyday money

    Matt Lanford, Senior Business Leader, Prepaid Europe, MasterCard Worldwide

  • Panel discussion: how prepaid cards can be used for successful corporate incentive schemes. 

    Panelists include high-level representatives from Marks & Spencer, WH Smith, John Lewis, B&Qand Sainsbury’s

  • Subway’s gift and loyalty programme: What we can learn from the US gift market

    Carman Wenkoff, Director of Electronic Card Services and President of Value Pay Services, Subway

  • Contactless payments and how it is becoming the future of low value transactions

    Lewis Nolan, VP Business Development, Visa payWave

  • BarclayCard’s new corporate strategy:  making prepaid part of your commercial agenda

    Jim Wadsworth, Head of Prepaid, BarclayCard

The event website: www.prepaid-conference.com
For more information on media accreditation or to organise interviews with speakers, please contact:

Communications Manager:  Annemarie Roodbol

Email:  annemarie.roodbol@clarionevents.com

Phone:  +27 21 700 3500 EXT: 3558

Mobile:  +27 82 562 7844 (International)

Fax: +27 21 700 3501 (International)
Onsite contact during the event: Swarnjit Dhillon +44 (0) 7980 199 509
Event dates and location:

15-16 June 2010 at The Brewery in London.  14 June is a pre-conference workshop day.
Posted by at

The Next-Generation Oyster Card



How prepaid has taken public service to the next level
Seven years after Transport for London revolutionised how Londoners pay for their transport, the company is to reveal a new transformation in the Oyster Card at a unique prepaid industry gathering in London next week. Peter Lewis, Head of Oyster at Transport for London is one of several speakers from public services and local government who will share their success stories at the Prepaid 2010conference at The Brewery from 15-16 June.
Says Sonum Puri, the project director of Prepaid 2010: “Innovative local and central government departments specialising in education, healthcare and personalised care are using smart cards to provide new services as cost effectively as possible whilst improving standards of service delivery.  During Prepaid 2010 we show the success stories of local councils who have made technology work for them, while saving money and increasing efficiency in the process. We also give local governments the tools to introduce exciting, new cashless applications.”
More successful projects from public services that will be unpacked are:
  • The Croydon e-Pay cashless schools project: a groundbreaking project that won a prestigious Local e-Government excellence award.

  • Westminster’s pay by phone parking scheme: sophisticated, convenient and accessible.

  • Transforming service delivery in local councils with prepaid and smartcards: including Hillingdon Council, London Councils and Bracknell Forest Council.

  • Healthcare and catering: the first pioneers of government smartcard technology introduce new applications to improve services.

Some of the most successful retail and finance companies offering prepaid and gift card payment schemes will also share their success stories, new innovations and groundbreaking technologies at what is the UK’s only and Europe’s largest industry gathering, including Mastercard, Visa,Barclaycard, 02, Target, Marks & Spencer, Sainsbury’s, Nokia and PrePay Solutions.
More highlights from the programme:
  • The 02 Money Card:  the award-winning marketing strategy of bringing together mobile and wallet

    James Day, Head of 02 Money Marketing, 02

  • Prepaid comes of age: prepaid as everyday money

    Matt Lanford, Senior Business Leader, Prepaid Europe, MasterCard Worldwide

  • Panel discussion: how prepaid cards can be used for successful corporate incentive schemes. 

    Panelists include high-level representatives from Marks & Spencer, WH Smith, John Lewis, B&Qand Sainsbury’s

  • Subway’s gift and loyalty programme: What we can learn from the US gift market

    Carman Wenkoff, Director of Electronic Card Services and President of Value Pay Services, Subway

  • Contactless payments and how it is becoming the future of low value transactions

    Lewis Nolan, VP Business Development, Visa payWave

  • BarclayCard’s new corporate strategy:  making prepaid part of your commercial agenda

    Jim Wadsworth, Head of Prepaid, BarclayCard

The event website: www.prepaid-conference.com
For more information on media accreditation or to organise interviews with speakers, please contact:

Communications Manager:  Annemarie Roodbol

Email:  annemarie.roodbol@clarionevents.com

Phone:  +27 21 700 3500 EXT: 3558

Mobile:  +27 82 562 7844 (International)

Fax: +27 21 700 3501 (International)
Onsite contact during the event: Swarnjit Dhillon +44 (0) 7980 199 509
Event dates and location:

15-16 June 2010 at The Brewery in London.  14 June is a pre-conference workshop day.
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