Thursday, January 13, 2011

U.S. Treasury Launches Pilot for Tax Refund Debit Card

Treasury Launches Tax Refund Debit Card
(from CNBC on 1-13-2011)
WASHINGTON - The U.S. Treasury said on Thursday it is launching a pilot program to deliver income tax refunds on debit cards for low- and moderate-income people who do not have traditional bank accounts.  The Visa prepaid debit cards are designed to allow these taxpayers to receive their refunds much faster than with a paper check and avoid high fees for cashing those checks at currency exchanges or payday loan stores. "This pilot program will provide low- and moderate-income Americans with a low-cost option for faster delivery of their federal tax refund," said Deputy Treasury Secretary Neal Wolin. The card can be used in everyday financial transactions, such as receiving wages by direct deposit, withdrawing cash, making purchases, paying bills and building up savings... read more»
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Feds Propose Internet ID's to Fight Cybercrime

Okay, just so I understand.  Apparently, the reason online shopping has it's inherent problems is because we type our credit card numbers into a box on a website and hackers, keyloggers, malware programs and phishing gets those numbers and then commit their cyberfraud.

So, in order to solve that problem, the Feds say "let's issue a card" to ensure that the user is who they say they are.  All they have to do is type the number on the card into a browser and that will prove it. it...

Feds Propose Internet IDs for Security
(from myfoxdfw at 13-1-2011)
The United States government wants to guarantee that you are who you say who are while youre on the Internet. Recent data shows Americans spent about $142 billion dollars online. Thats why the commerce department is talking about an Internet ID. Aside from online shopping, it could also be used for things like e-mail, banking and accessing electronic health records.... read more»
Obama's Internet ID plan - the basics
(from EXAMINER at 13-1-2011)
The Obama Administration has announced plans for a unique personal ID for the Internet. Think that sounds vague? That's because it is. In fact, it sounds terribly reminiscent of every big project that never ends whether sponsored by the government or someone else. It's going to be led by the Commerce Department, not the NSA or Homeland Security, which were candidates. This is good, because National ID + Internet + NSA sounds pretty big brother-ish to me. ... read more»

Government proposes internet ID card for all Americans

President Obama has said that he will give the United States Commerce Department authority over a proposed national cybersecurity ID card. The goal is for everyone to have one ID to use on the internet, as opposed to having to remember multiple login names and passwords.

Continue reading on Government proposes internet ID card for all Americans - Dayton Technology |

Visa Pushes for New Authentication Systems

 from Business World Online

Michael Smith

Visa pushes for new authentication system

A MORE advanced data authentication system is being pushed by Visa Inc. among banks in order to deter credit card fraud.

“To prevent fraud in card transactions from happening, issuers must shift from static data authentication (SDA) to the dynamic data authentication (DDA),” Michael E. Smith, Visa’s head for risk management for Asia Pacific, Central Europe, Middle East and Africa, told reporters in a briefing earlier this week.

SDA is a type of data authentication in which a terminal validates a password placed on the card at the time it was issued to the cardholder, while DDA is a type of data authentication in which the card uses public key technology to generate a password...
read more»
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Ukash Ends Hunt for Chief Executive with David Hunter

LONDONJanuary 13, 2011 /PRNewswire/ -- Ukash, the Global eMoney Network, has announced that leading industry figure David Hunter has been appointed as the company's new Chief Executive Officer. The former eMoney head of ClickandBuy and Paysafecard will be taking over with immediate effect.
Commenting on his appointment, David Hunter said, "I am very excited to be joining Ukash and leading the next phase of the company's development. Ukash has evolved in recent years from an alternative payment mechanism into a vast cash-loading eMoney Network, serving customers on six continents. There are many opportunities for us to leverage this network, as we aim to make Ukash the "world leader" in electronic cash-payment transactions. The opportunity of achieving that goal is a challenge I truly relish."
Ashley Head, Chairman of the Board of Directors, said of Mr Hunter's appointment, "David is an established and experienced leader within the payments industry. His knowledge of, and passion for, this market, will be of tremendous advantage to Ukash. It's a very exciting time for Ukash and I know that the company will benefit from David's vision and I look forward to watching it build on its recent success."
Having setup and led eMoney businesses at British Telecom, ClickandBuy and Paysafecard in the past six years - Hunter has a track record of leading prepaid ventures into profitable growth and has established himself as a champion of cash-based Electronic Money.
Ukash empowers people worldwide to use cash electronically, irrespective of status, device or boundary, and is available at 420,000 retail locations. Globally, Ukash is active in more than 50 countries.
About Ukash (R)
Ukash(R), the global e-money network, enables consumers from anywhere in the world to shop, pay and play online safely using cash. Ukash is a secure payment method developed to protect personal identity and financial information when making online transactions; eliminating the threat of credit and debit card fraud for consumers and repudiations and charge-backs for retailers.
Established in 2001 under the holding company Smart Voucher Ltd, Ukash has grown to more than 420,000 physical points of purchase, and is available in more than 50 countries around the world. In 2008, Ukash(R) established a strategic partnership with South African payments giant Blue Label Telecoms - part owned by Microsoft - to develop the brand's services.
Ukash(R) is regulated by the UK Financial Services Authority (FSA) and operates as one of only a small number of Electronic Money Institutions, a status that allows a single maximum online cash payment transaction of up to GBP500/EUR750.
Uniquely numbered Ukash(R) vouchers are available through payment terminals in retail outlets across EuropeSouth AfricaSouth AmericaCanada and Australia and are also issued online from the company's website in selected European territories.
The technology behind Ukash is protected by patents registered across the Smart Voucher database and functionality and is, as such, protected by Patent Law in all the major economies of the world. Ukash(R) is a registered trademark of Smart Voucher Ltd.
Contacts: Seamus O'Keeffe


Global Payments Announces Agreement With Caesars Entertainment for Gaming and Cash Access Services

ATLANTAJan. 13, 2011 /PRNewswire/ -- Global Payments Inc. (NYSE: GPN), a leader in both payment processing and gaming cash access services, today announced an agreement with Caesars Entertainment Corporation to provide select Caesars' resorts with Global Payments' PlayerCash @dvantage credit and debit card cash advance service, through Global's VIP LightSpeed® platform.
Global Payments continues to enhance its position in the cash access services market with the announcement of this new relationship. "We are very excited to work with Caesars Entertainment and deliver our leading technology and cash access services to 19 gaming resorts," said Senior Vice President of Global Payments' Gaming Services, Dean DeCristoforo.
VIP LightSpeed is an internet-accessible, PC-based platform that provides cash access services for traditional and electronic check cashing, ATM check cashing, and credit and debit card cash advances. In addition, VIP LightSpeed provides high speed transaction processing, reduction of risk associated with check-cashing and cash advance services, and a full spectrum of casino management reporting tools.
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United StatesCanadaEurope, and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit for more information about the company and its services.
Media Relations Contact: Amy Corn
770 829-8389 Voice

SOURCE Global Payments Inc.

Moneris Reports Q4 Increase of 3 Per Cent in Retail Spending

Data reveals that airline, apparel, and restaurant categories led the growth in the last three months of 2010

TORONTO, ONTARIO--(Marketwire - Jan. 13, 2011) - Moneris Solutions (Moneris), Canada's largest payment processor, today announced that Canadian spending continued on a positive trend with an increase of three percent in volume of credit card sales in the fourth quarter of 2010 compared to 2009. This represents a slightly slower pace of growth in relation to the third quarter increase of 4.1 per cent.

The leading category was airlines at 17.29 per cent, followed by apparel at 7.01 per cent. In particular, women's wear saw an excellent growth of 18.3 per cent. However, it wasn't all about purchases as Canadians increased their entertainment spending by 7.7 per cent compared to last year. Consistently in 2010, fast food chains realized significant increases, in terms of the volume of sales, ending the year with an increase of 20.7 per cent compared to 2009.

Declining categories included department stores at -6.4 per cent, CD stores at -13.1 percent and electronics stores at -7.5 per cent. Price competition for products such as televisions may have contributed to some of the decline with average purchase prices decreasing six per cent compared to Q4 2009.
Newfoundland saw the largest growth in the East Coast with an increase of over eight per cent this quarter. Ontario showed slightly slower growth of 1.8 per cent compared to Quebec at 4.5 per cent. In the West, British Columbia and Alberta realized 2.8 per cent and 3.1 per cent growth respectively. New Brunswick and Nova Scotia had the two smallest increases in the country ending the quarter with a minimal growth of one per cent and 1.5 per cent respectively. Overall, Saskatchewan saw the highest increase, bumping up their fourth quarter credit card spending by almost nine per cent.
In terms of holiday spending, Canadians spent the most money on December 22, 2010 and the most number of transactions processed occurred on December 23, 2010. Christmas Eve was the busiest shopping day of the month in terms of the number of transactions processed per second with a record breaking 418 between 2:00 -3:00 pm EST.
Moneris Solutions' analysis of Boxing Week, ending January 8, 2011, a key period for retailers, showed a 2.9 per cent increase in sales overall, helping 2010 end on a positive note.
"2010 was definitely a good year for businesses overall and we are confident this trend will continue in 2011," said Jim Baumgartner, President and CEO, Moneris Solutions. With its real time access to transactional data and Canada's largest share of businesses, Moneris will continue to monitor and report retail spending.
About Moneris Solutions
As one of North America's largest providers of payment processing solutions, Moneris offers credit, debit, and wireless and online payment services for merchants in virtually every industry segment and processes more than three billion transactions annually. Through its Erne division, Moneris offers electronic loyalty and stored-value gift card programs. With more than 350,000 merchant locations, Moneris provides the hardware, software and systems needed to improve business efficiency and manage payments. For more information please visit
For more information, please contact
Media Contact:
MAVERICK Public Relations Inc.
Kirsten Walkom
416-640-5525, ext. 237
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RBS Names CEO of Global Transaction Services Division

RBS Appoints New CEO
(from Finextra on 1-13-2011)
The Royal Bank of Scotland (RBS) has appointed Scott Barton as CEO of the Global Transaction Services (GTS) division.  Scott will report to Chris Sullivan, CEO, Corporate Banking Division, RBS and will work closely with Brian Stevenson, previously CEO and now Chairman of GTS... read more»
Pictured on Left:  Burhan Khan, Colin Macdonald and Scott Barton of the RBS speaking at_press conference

MasterCard and Gemalto Partner on Global Card Replacement Services
“MasterCard and Gemalto share a mutual dedication to delivering white-glove services and we are proud to be the only third party to offer worldwide emergency card replacement”
Once notified of a lost or stolen card, MasterCard taps into Gemalto’s global network of certified banking service centers and provides the cardholder’s confidential information through a secured communication infrastructure. From the moment the order is received, Gemalto will take all necessary steps to supply a replacement card, even hand delivering in some cases.
MasterCard is committed to providing utmost convenience for consumers,” said Daniel Balistierri, Vice President Cardholder Solutions, MasterCard. “We have selected Gemalto for their ability to quickly react to our customers’ needs. Their unified network of service centers, dispersed in all five continents, ensures cardholders will quickly receive a replacement card no matter where they travel.”
MasterCard and Gemalto share a mutual dedication to delivering white-glove services and we are proud to be the only third party to offer worldwide emergency card replacement,” added Philippe Cambriel, Executive Vice President, Gemalto. “This pioneering service, available from anywhere in the world, strengthens our position as global issuers’ preferred business partner.”
Emergency card replacement leverages a mechanism that enables MasterCard to monitor the card issuance process. It provides full card traceability and real-time interaction with Gemalto service centers to increase efficiency and responsiveness in managing urgent customer requests.
Gemalto also handles centralized data management, i.e. the banking information is processed and the card replacement request is directed to the appropriate local personalization center. Unique to the Gemalto solution, this feature provides MasterCard with the convenience of a “single entry point,” always available.
For more information on Gemalto’s complete range of financial services offerings, visit
About Gemalto
Gemalto (Euronext NL 0000400653 GTO) is the world leader in digital security with 2009 annual revenues of €1.65 billion, and over 10,000 employees operating out of 75 offices, with research and service centers in 41 countries.
Gemalto is at the heart of our evolving digital society. The freedom to communicate, travel, shop, bank, entertain, and work—anytime, anywhere—has become an integral part of what people want and expect, in ways that are convenient, enjoyable and secure.
Gemalto delivers on the growing demands of billions of people worldwide for mobile connectivity, identity and data protection, credit card safety, health and transportation services, e-government and national security. We do this by supplying to governments, wireless operators, banks and enterprises a wide range of secure personal devices, such as subscriber identification modules (SIM), Universal Integrated Circuit Card (UICC) in mobile phones, smart banking cards, smart card access badges, electronic passports, and USB tokens for online identity protection. Moreover Gemalto delivers on emerging applications related to the ‘Internet of things’ by supplying wireless modules and machine identification modules (MIM) for machine-to-machine communication. To complete these solutions we also provide software, systems and services to help our customers achieve their goals.
As the use of Gemalto’s software and secure devices increases with the number of people interacting in the digital and wireless world, the company is poised to thrive over the coming years.
For more information please visit


Gemalto Media Contacts:
North America
Jessi Marshall, +1-512-257-3902
Europe, Middle East & Africa
Peggy Edoire, +33 4 42 36 45 40
Latin America
Ramzi Abdine, +55 11 5105 7659
Asia Pacific
Yvonne Lim, +65 6317 3730
Montner & Associates Tech PR Agency
Deb Montner, +1-203-226-9290
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Visa Plans Two-Tiered Interchange Rates After Fed Rules

Full story: US Banker

After initially saying that a dual schedule was impossible, Visa Inc. said it plans to introduce a dual interchange schedule for issuing banks and credit unions in the wake of debit interchange regulation....

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