Monday, November 14, 2011

Samsung's New Secu-NFC Chip Enables Secure Mobile Payment by Enhancing NFC with Security Features

Nov. 14, 2011, 9:00 p.m. EST
SEOUL, South Korea, Nov 14, 2011 (BUSINESS WIRE) -- Samsung Electronics Co., Ltd., a world leader in advanced semiconductor solutions, announced today its new system-in-package (SIP) near field communications (NFC) chip, the SENHRN1. The new Secu-NFC chip combines a NFC controller and a secure element storing personal information and security keys with advanced encryption technologies, a prerequisite for reliable and efficient mobile payment on NFC-enabled mobile devices. Samsung's new NFC solution will be on display at CARTES 2011 from November 15th through 17th at the Samsung booth # 3 C 035 in hall 3 at the Paris-Nord Villepinte Exhibition Center.
"Mobile payment, ticketing, data sharing, electronic ID card functions are some of the diverse user services enabled by NFC technology, which is becoming a key service enabler on emerging convergence technologies," said Dojun Rhee, vice president of System LSI marketing, Device Solutions, Samsung Electronics. "Samsung's new secure NFC solution with its high data storage capacity provides consumers with ample room to expand operation service and features to deliver the ultimate user experience."
The new solution is based on Samsung's proven in-house expertise and experience in smartcard ICs, which involves advanced RF sensitivity features and enhanced data encryption technologies, and its wealth of package technology, utilizing advanced SIP technology.
Samsung's Secu-NFC chip, packaged as a SIP, has identical form factor measurements (4.3mm X 4.3mm X 1.0mm) as a standalone NFC chip. This raises the area space efficiencies on mobile devices. The pin-to-pin compatibility also allows mobile device's designers to immediately adopt the new solution without additional cost, engineering and design efforts.
The embedded secure element has a 760 Kilobyte (KB) high-density flash memory providing users with sufficient capacity to store one's choice of diverse mobile services such as credit card codes, e-money, transportation transaction/payment services, coupon services and more.
Moreover, Samsung secures various payment solutions including operation systems required for mobile payment services in respective regions and countries, including Europe, North America and China.
Samsung's NFC controller has an enhanced battery-off feature so it remains active for payment transactions even when the mobile device is discharged. Additionally, an embedded single wire protocol interface, allows consumers to enjoy the full breadth of services available by using U-SIM as well as the embedded secure element.
Samsung's Secu-NFC chip, the SENHRN1 is currently sampling to customers.
According to market research firm ABI Research, NFC-enabled mobile phones are expected to reach 34 million units in 2011 and at a 75 percent compound annual growth rate to reach 552 million units by 2016 of which up to 78 percent would be comprised of secure NFC enabled handsets with the embedded secure element.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2010 consolidated sales of US$135.8 billion. Employing approximately 190,500 people in 206 offices across 68 countries, the company consists of nine independently operated business units: Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, Digital Imaging, Memory, System LSI and LCD. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, semiconductor chips, mobile phones and TFT-LCDs. For more information, please visit .
Samsung and the stylized Samsung design are trademarks and service marks of Samsung Electronics Co., Ltd. Other trademarks are the property of their respective owners.
SOURCE: Samsung Electronics Co., Ltd.

Intel and MasterCard Join Forces to Enhance the Consumer Payment Experience for Online Shopping

Image representing Intel as depicted in CrunchBaseImage via CrunchBase
Collaboration to provide more options for a safer and simpler check-out process for online merchants and consumers
SANTA CLARA, Calif. & PURCHASE, N.Y.--()--Intel Corporation and MasterCard Incorporated announced today a multi-year strategic collaboration to further enhance the security and consumer payment experience for online shopping.
“Our goal is to enable users of Ultrabook devices and future generations of Intel-based PCs to enjoy the convenience of e-commerce while making online payments safer from malware and hackers with the advanced security capabilities of Intel Identity Protection Technology”
The collaboration will combine MasterCard’s expertise in payment processing and commerce with Intel’s strengths in silicon innovation and chip-based security. It is designed to provide more options for a safer and simpler checkout process for online merchants and consumers using Ultrabook™ devices and future generations of Intel-based PCs.
The two companies are working together to optimize a variety of emerging payments technologies, including MasterCard’s PayPass® and Intel® Identity Protection Technology (IPT). Intel® Identity Protection Technology can enable consumers to use strong two-factor authentication and hardware-based display protection. This provides increased online security against malware. Additionally, when used with an Intel® Identity Protection Technology-enabled reader, consumers will be able to pay for online purchases with a simple tap of theirPayPass-enabled card, tag, or smart phone on an Ultrabook device.
“MasterCard is constantly working to improve the shopping experience for consumers and merchants,” said Ed McLaughlin, chief emerging payments officer, MasterCard. “The collaboration with Intel will deliver enhanced security and faster checkout – with the convenience of a simple click or tap.”
Consumers continue to shift their shopping to the Internet. Online sales reached $176.2 billion last year in the United States alone and are expected to grow at double-digit percentage rates annually for the next 5 years, according to Forrester Research.
“Our goal is to enable users of Ultrabook devices and future generations of Intel-based PCs to enjoy the convenience of e-commerce while making online payments safer from malware and hackers with the advanced security capabilities of Intel Identity Protection Technology,” said George Thangadurai, general manager of PC Client Services Division, Intel Corporation. “Online commerce is a key focus area for Intel, and through this partnership with MasterCard, we intend to deliver an innovative, personalized and safer e-commerce experience to consumers.”
About MasterCard
MasterCard (NYSE: MA) is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Learn more at, follow us on Twitter @mastercardnews or join the conversation on The Heart of Commerce Blog.
About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at and

VeriFone to Acquire Point to Build out Alternative Payments Infrastructure

Accelerates Transformation to Managed Services Revenue Model
SAN JOSE, Calif.--()--VeriFone Systems, Inc. (NYSE: PAY), today announced it has signed a definitive agreement with Nordic Capital Fund V (“Nordic Capital”) to acquire Point, Northern Europe’s largest provider of payment and gateway services and solutions for retailers. VeriFone intends to extend the Point platform throughout the region and beyond, with the aim of creating the world’s largest infrastructure for rapid deployment of alternative payments.
“We are committed to maintaining the high growth and entrepreneurial culture that has driven our success over the past two decades. We have known and worked with VeriFone for 20 years and their fast-paced culture is the Point culture.”
VeriFone will pay approximately €600 million to acquire all of the equity of Point and will also retire at closing existing Point debt of approximately €170 million. The acquisition is expected to close by the end of 2011, and is subject to customary closing conditions. The transaction is expected to be accretive to non-GAAP earnings by $0.08 to $0.10 per fully diluted share in fiscal 2012 and $0.30 to $0.35 in fiscal 2013.
Point, based in Stockholm, has operations in 11 Northern European countries and serves a captive network encompassing almost 475,000 merchant contracts. Through this network, Point offers retailers a full range of services and solutions, including point-of-sale technology and support, gateway services, card encryption services, and multi-channel e-commerce processing. Point's recurring subscription services model ensures its customers always have the latest security, compliance and technological capabilities as well as uninterrupted and secure access to a broad range of mission critical services. Point efficiently passes transactions along from its network of gateways to a broad range of acquiring banks and processing entities.
Douglas G. Bergeron, VeriFone CEO, said: "We are delighted to welcome Point customers and Point employees to VeriFone. They have built a phenomenal business and we believe that the best is yet to come."
Bergeron added: “For the past two years, we have been transforming our business to respond to the rapidly evolving needs of consumers, retailers, and payment innovators worldwide. Our vision is to offer retailers everywhere a managed service to easily accept all existing payment types, including the evolving alternative and mobile payment methods being offered by Google, PayPal, Groupon, Isis, Visa, MasterCard, and American Express. At the same time, we can increasingly offer the new payment entrants easy and accelerated access to our worldwide installation of more than 20 million merchant lanes.”
Johan Tjärnberg, Point CEO, said: "We are committed to maintaining the high growth and entrepreneurial culture that has driven our success over the past two decades. We have known and worked with VeriFone for 20 years and their fast-paced culture is the Point culture." Point, established in 1988, has enjoyed nearly a decade of consistent double-digit revenue growth, expanding margins, and impressive product innovation.
Since Nordic Capital acquired Point in 2004, the company has been transformed to be Europe’s leading provider of electronic payment solutions. The 125 software developers at Point have built unique European multi-country payment software that works seamlessly for traditional electronic payments and Internet payments.
“Under Nordic Capital’s ownership, Point has had fantastic growth, with sales close to five times higher than at the time of acquisition and taken the position as the leader in advanced payment services in Europe. Nordic Capital has supported the management to make significant R&D investments and do strategic add-on acquisitions, in order to create value and sustainable growth opportunities, and thereby make sure that Point remains a European leader in a field that has a tremendous growth potential,” said Fredrik Näslund, Partner, NC Advisory AB, advisor to the Nordic Capital Funds.
During the first 12 months, VeriFone expects the acquisition to add approximately $260 million in sales. The acquisition is also expected to be immediately accretive to VeriFone's gross margins, operating margins and growth rates. VeriFone expects total services revenue to exceed 30 percent of sales in fiscal year 2012, and 50 percent of revenue by fiscal year 2015. Detailed guidance will be provided at the VeriFone year-end conference call on December 14, 2011.
VeriFone was advised by Credit Suisse, KPMG, Gernandt & Danielsson, and Sullivan & Cromwell; Barclays Capital provided strategic advice to the company. J.P. Morgan, Bank of America Merrill Lynch, Wells Fargo Bank, Barclays Capital, and RBC Capital Markets have committed $1.6 billion to finance the acquisition, refinance VeriFone existing debt of $0.5 billion, and enable the company to maintain ample liquidity post transaction. Point and Nordic Capital were advised by J.P. Morgan, Seb Enskilda and White & Case.
Webcast Information
VeriFone will conduct a conference call to discuss the announcement with its shareholders today, Monday, November 14, at 6:00 AM Pacific. To access the audio webcast with slides, please go to VeriFone’s website ( at least ten minutes prior to the call to register.
To access the live conference call by phone, please dial the following numbers:
Domestic callers: 866-730-5766
International callers: +1-857-350-1590
Passcode: 6299 2650
The recorded audio webcast will be available on VeriFone’s website until November 21, 2011.
A replay of the conference call, which can be accessed by dialing toll-free 888-286-8010, and outside the U.S. by dialing +1-617-801-6888will be available until November 21, 2011. The access code for the replay is 8334 3026.

Oberthur Technologies and AuthenTec Team Up to Demonstrate Fingerprint-enabled Access to SIM-based NFC Services

CARTES & IDentification 2011
NANTERRE, France & MELBOURNE, Fla.--()--
“Combining AuthenTec’s fingerprint authentication with the security features of Oberthur Technologies’ SIM-based design extends trust beyond the SIM and the mobile device to establish confidence that only an authorized user is presenting a smartphone for mobile payment”
  • Companies Develop a New SIM-based NFC Mobile Services Platform for Fingerprint-enabled Android Smartphones
  • Will Demonstrate Strong but Effortless Security that Enhances the Mobile Payment Experience at CARTES & IDentification 2011
Oberthur Technologies, a world leader in the field of secure technologies, and AuthenTec (NASDAQ: AUTH), a leading provider of security and identity management solutions, have joined forces to create SIM / Universal Integrated Circuit Card (UICC) based designs that make NFC mobile payment via smartphones faster and more secure. The companies will combine their expertise in SIM/UICC security and fingerprint identity to jointly create easy-to-integrate solutions that enhance the speed and security of mobile payment transactions.
The companies’ first fingerprint/NFC demonstration combines Oberthur Technologies’ NFC FlyBuy SIM card with NFC SIM Adaptor coupled with AuthenTec’s fingerprint scanner in the Motorola Atrix to enable single-gesture, biometrically secured access to mobile contactless services, such as mobile payment, mobile ID, and physical access control.
Oberthur Technologies and AuthenTec worked with INSIDE Secure, a leading provider of NFC technology, to implement control of NFC functions using the fingerprint solution on a FlyBuy NFC SIM card. This easy-to-add yet secure solution will be demonstrated over a mobile payment scenario at the Oberthur Technologies and INSIDE Secure booths at the upcoming CARTES & IDentification 2011 in Paris from November 15-17, 2011.
“Combining AuthenTec’s fingerprint authentication with the security features of Oberthur Technologies’ SIM-based design extends trust beyond the SIM and the mobile device to establish confidence that only an authorized user is presenting a smartphone for mobile payment,” said Cédric Collomb, Cards & Services General Manager, Card Systems Division at Oberthur Technologies. “The AuthenTec-Oberthur Technologies solution, which incorporates INSIDE Secure’s NFC chipset, can easily be inserted into smartphones such as the Atrix to quickly add NFC capability. We look forward to bringing similar SIM-based, fingerprint-enabled NFC solutions to market, since we believe they will be key to the broad adoption of NFC around the world.”
“Our collaboration with Oberthur Technologies and INSIDE Secure paves the way for match-on-SIM solutions for smartphones that give greater confidence in the security and protection of NFC mobile payments/applications,” said AuthenTec CEO Larry Ciaccia. “Fingerprint has a well established track record as a reliable, easy-to-use form of biometric authentication with over 10 million fingerprint-enabled NFC mobile wallets already in use since 2004. By combining our expertise in fingerprint security with Oberthur Technologies’ and INSIDE Secure’s expertise in SIM-based and NFC designs, we will give operators and users the option of easy-to-add yet highly secure NFC solutions for smartphones.”
“INSIDE Secure views the security and convenience illustrated by the Oberthur Technologies -AuthenTec design as important enablers of widespread adoption for NFC applications,” said Didier Serra,Executive Vice President and General Manager for the United States at INSIDE Secure. “We look forward to our continued collaboration with Oberthur Technologies and AuthenTec on fast and secure add-on solutions for NFC mobile payments.”
The demonstration at CARTES will illustrate how quickly yet securely users can make a mobile payment by simply swiping a finger over AuthenTec’s smart sensor on a fingerprint-enabled phone such as Motorola’s ATRIX. Smartphone users can easily access a credit or debit card of their choice by associating different payment methods with different fingers. This allows them to choose a payment method, authenticate, and activate the desired payment card with a single swipe of a finger, then tap the phone on a terminal to complete the NFC transaction. The Oberthur Technologies-AuthenTec solution helps enable single-gesture payments, making NFC applications more convenient and secure.
Security, speed and convenience are often cited as key adoption criteria for consumer adoption of NFC-capable smartphones, which are forecast to grow to nearly 300 million units worldwide by 2014 according to Juniper Research.

FinTech 2011 Announced by TAG

Second Annual Symposium Includes Discussions on Monetizing Financial Data and Recognizes Peter J. Kight for contributions to Financial Technology
--()--TAG FinTech: 
  FinTech Georgia 2011 is an annual symposium that will showcase some of the leading financial and payment industry executives discussing the future of technology, emerging trends in payments and factors shaping the industry, such as the Dodd Frank/Durbin Amendment.
Peter J. Kight, founder and former chairman of CheckFree Corporation (now Fiserv), will provide this year’s keynote address as he accepts FinTech Georgia’s Lifetime Achievement Award.
TAG FinTech, a society of Technology Association of Georgia (TAG)
Nov. 16, 10 a.m. to 5 p.m. at the Ritz-Carlton, Buckhead
Media contact: Scott Mills at 678.781.7201 or
To register visit:
About The Technology Association of Georgia (TAG)
The Technology Association of Georgia (TAG) is the leading technology industry association in the state, serving more than 13,000 members and hosting over 170 events each year. TAG serves as an umbrella organization for 30 industry societies, each of which provides rich content for TAG constituents. TAG’s mission is to educate, promote, and unite Georgia’s technology community to foster an innovative and connected marketplace that stimulates and enhances a tech-based economy. The association provides members with access to networking and educational programs; recognizes and promotes Georgia’s technology leaders and companies; and advocates for legislative action that enhances the state’s economic climate for technology. Additionally, the TAG Education Collaborative (TAG’s charitable arm) focuses on helping science, technology, engineering and math (STEM) education initiatives thrive. For more information visit the TAG website at or TAG’s community website at To learn about the TAG-Ed Collaborative visit
About TAG FinTech
TAG FinTech was founded in 2010 to address the specific needs of companies, individuals and investors serving the financial industry both domestically and abroad. Financial technology or FinTech encompasses products, solutions, services and information providers, which drive decisions, process payments and facilitate transactions for financial institutions. Georgia FinTech company revenues are more than $34 billion annually, which places it third in the nation behind New York and California. Together, the banking, insurance and capital markets consistently spend more on technology than any other industry. For more information about FinTech, see

HID Global and Sony Announce NFC Enabled Smart Card Reader Global Platform for Laptops/Mobile Device Market

Companies Will Demonstrate Jointly Developed Solution at CARTES & IDentification 2011
Just tap for an easier life.

CARTES & IDentification 2011
IRVINE, Calif. & TOKYO--()--HID Global, trusted leader in solutions for the delivery of secure identity, and Sony Corporation today announced a jointly developed contactless smart card reader platform that embeds secure access control capabilities and Near Field Communication (NFC) functionality into laptops and other mobile devices. The platform holds a secure element that stores cryptographic keys which secure the authenticity and integrity of user credentials. It supports widely used contactless technologies for applications ranging from physical access control and identity assurance at the desktop to transit-fare, point-of-sale collection and loyalty programs.
“We are very pleased with this first solution from our strategic partnership with HID Global”
The jointly developed NFC global reader platform is the result of a strategic partnership that Sony and HID Global announced last year. Both companies will be demonstrating the platform November 15-17, 2011, at the CARTES & IDentification 2011 conference in Paris, where it will be shown reading a variety of card technologies using NFC, a short-range wireless technology that is now fueling a wide range of new mobile access control applications. The HID Global demonstration can be seen in Stand F002, Hall 3 in the Paris Nord Villepinte Exhibition Center, while the Sony demonstration will be located in Stand 4L051, Hall 4.
In continuing to work closely with the NFC Forum in support of market-driven compliance and interoperability goals, the reader platform has been provided to the NFC Forum Certification Program as a reference sample to assist in the validation of the Digital Protocol test tools. The reader platform will also be submitted for certification.
“HID Global and Sony have delivered an exciting new embedded reader platform that will be offered to all manufacturers of laptops and other mobile devices,” said Debra Spitler, vice president of mobile access solutions with HID Global. “HID Global continues to expand our access control system and card services businesses while bringing our partners and customers new products and deployment models that improve user security, flexibility and convenience.”
“We are very pleased with this first solution from our strategic partnership with HID Global,” said Yoshihiko Kawakami, general manager of sales with Sony’s FeliCa Business Division. “This is an important milestone that moves our FeliCa contactless card technology and NFC solutions into the global market. By releasing the new reader platform, we will play a role in providing a part of the NFC infrastructure in the global NFC era.”
The jointly developed platform supports Sony’s FeliCaTM technology, HID Global’s iCLASS® and iCLASS SETMcredentials, MIFARE® DESFire EV1 credentials, and other broadly adopted technologies supporting the ISO/IEC 14443 Type A/B contactless smart card standard using the T=CL contactless transmission protocol. The solution also supports the industry-standard PC/SC Version 2.0 specification for the programming interfaces between PC applications, the operating system and smart cards. It is also prepared to further support the proximity features of the next major release of the Microsoft® Windows® operating system which enable communication between NFC tags and devices (mobile phones or computers) using a tap gesture, as well as the Android operating system for tablet products.
Sony and HID Global have released a complete reference design for the jointly developed embedded NFC module, and will also provide comprehensive developer support to minimize product development requirements and speed time-to-market schedules for PC OEMs. During CARTES & IDentification 2011, the two companies will show laptop computers running HID Global’s naviGO™ credential management software and a number of Sony FeliCa applications, including the Sony FeliCa Launcher platform service as well as the company’s e-Money Viewer widget. The companies will also show the platform operating with Sony’s NFC Dynamic Tag, a FeliCa wireless module with a cable interface that enables data transmission between NFC reader/writers and other electronic equipment and devices.
About HID Global
HID Global is the trusted source for secure identity solutions for millions of customers around the world. Recognized for robust quality, innovative designs and industry leadership, HID Global is the supplier of choice for OEMs, system integrators, and application developers serving a variety of markets. These markets include physical and logical access control, including strong authentication and credential management; card printing and personalization; highly secure government ID; and identification technologies used in animal ID and industry and logistics applications. The company's primary brands include HID®, ActivIdentity™, FARGO®, and LaserCard®. Headquartered in Irvine, California, HID Global has over 2,100 employees worldwide and operates international offices that support more than 100 countries. HID Global is an ASSA ABLOY Group brand. For more information, visit
About Sony Corporation
Sony Corporation is a leading manufacturer of audio, video, game, communications, key device and information technology products for the consumer and professional markets. With its music, pictures, computer entertainment and online businesses, Sony is uniquely positioned to be the leading electronics and entertainment company in the world. Sony recorded consolidated annual sales of approximately $87 billion for the fiscal year ended March 31, 2011.
Sony Global Web Site:
Sony FeliCa Web Site:
® HID and the HID logo are trademarks or registered trademarks of HID Global in the U.S. and/or other countries.
FeliCa is a trademark of Sony Corporation. All other trademarks, service marks, and product or service names are trademarks or registered trademarks of their respective owners.

INSIDE Secure Teams with IDT to Offer USB Security Token Solution

INSIDE Secure and IDT To Offer Easy-to-Design USB Security Token Solution

Versatile, Secure Microcontroller and Low-Power, Stable 48-MHz CMOS Oscillator in a Single Package
CARTES & IDentification 2011
PARIS--()--CARTES & IDentification 2011 – INSIDE Secure and Integrated Device Technology (NASDAQ: IDTI) today announced that the two companies have collaborated to bring to market a compact, single-package secure microcontroller and oscillator solution that significantly reduces the bill of materials when designing USB tokens for authentication and digital signatures. Available now in either an SOIC8 or QFN20 package, the INSIDE/IDT offering combines the security, cryptography and connectivity features of the high-performance, low-power INSIDE Secure AT90SO72 secure microcontroller with the stability of the ultra-low power IDT 3MN11G CrystalFree™ CMOS oscillator to create the perfect solution for applications where low cost and reduced size are most critical.
“We are pleased that INSIDE Secure selected IDT’s CMOS oscillator for USB token solutions where low power and small package size are crucial.”
“Based on customer feedback, INSIDE has optimized the size and cost of the AT90SO72 to make it particularly well-suited as a secure microcontroller to drive USB authentication and signature tokens,” said Christian Fleutelot, general manager, VaultIC SAS business unit and executive vice president for digital security at INSIDE Secure. “Guided by the same strategy, we have now partnered with IDT to provide a very compact solution that makes the design of USB secure smart objects much easier and cost effective.”
The INSIDE AT90SO72 is based on a high-performance, low-power, 8/16-bit enhanced RISC CPU and is Common Criteria EAL5+ ready. It features a hardware random number generator, hardware AES (128-, 192- and 256-bit key supported), DES and triple DES. The AT90SO72 also includes the exclusive INSIDE Ad-X™2 advanced hardware crypto accelerator, which supports RSA up to 4096 bits, DSA, Diffie-Hellman and all FIPS-recommended elliptic curves up to 1024 bits. Key generation also is supported for both RSA and ECC.
The AT90SO72 offers a USB 2.0 interface with six software-configurable data transfer endpoints with in-or-out directions for bulk, interrupt or isochronous transfers. The flexible I/O options also include a master/slave SPI controller, I2C (two-wire) controller, up to seven GPIO lines and an ISO 7816 interface. The AT90SO72 features 288K bytes of ROM and 72K bytes of high-density EEPROM, which can be mapped as part of the program memory to provide a highly flexible and cost-effective solution for many applications.
“As the recognized leader in silicon timing, IDT is constantly expanding its product and technology portfolio. The CrystalFree CMOS oscillators are an ideal example of a compelling customer timing solution," said Scott Hills, marketing director of the Silicon Frequency Control Product Line at IDT. "We are pleased that INSIDE Secure selected IDT’s CMOS oscillator for USB token solutions where low power and small package size are crucial."
The IDT 3MN-series belongs to a revolutionary product family of ultra-low power monolithic CMOS ICs that replaces quartz crystal-based resonators and oscillators at the thinnest possible form factors without the use of any mechanical frequency source or PLL. These innovative devices empower system designers to integrate bare-dice into thin multi-die packages, or chip-on-board multi-die solutions. The IDT 3MN-series is optimized to work with USB 2.0 full/low speed and USB-InterChip (USB-IC) interface controller ICs, and high-density SIM and smart cards. It features a total frequency accuracy of 2000 ppm over the industrial temperature range with an active-mode supply current of about 2 mA.
Availability and Pricing
The INSIDE AT90SO72 is available now with the IDT 3MN11G oscillator in standard, RoHS-compliant SOIC-8 (5x5 mm) and QFN-20 (4x4 mm) packages. Please contact INSIDE Secure for configuration and pricing information.

iPayment Reports Results for the Third Quarter and First Nine Months of 2011

NASHVILLE, Tenn.--()--iPayment Holdings, Inc. (“Holdings”) and iPayment, Inc. (“iPayment” or the “Company”) today announced financial results for the three months ended September 30, 2011. All operations are conducted through iPayment and its subsidiaries. Holdings is a holding company that does not have any operations or material assets other than its ownership of iPayment and its subsidiaries. The financial results of Holdings are identical to those of iPayment with the exception of interest expense, tax provision (benefit) and net income (loss). The financial results discussed below represent those of iPayment and its consolidated subsidiaries, except where otherwise noted.
Revenues increased 3.4% to $181.0 million for the third quarter of 2011 from $175.1 million for the third quarter of 2010. Revenues, net of interchange, were $80.6 million for the third quarter of 2011, up 3.5% compared to $77.9 million for the third quarter of 2010. Net loss was approximately $3.6 million for iPayment and its consolidated subsidiaries and $7.5 million for Holdings and its consolidated subsidiaries for the third quarter of 2011, in each case, compared to net income of $5.2 million for the same period last year. Net loss in the third quarter of 2011 was attributable to higher depreciation and amortization expense and higher interest expense as a result of the refinancing and equity redemption (collectively, the “Refinancing”) that we completed in May of this year. The Company had approximately 135,000 active merchants at September 30, 2011, compared to approximately 130,000 at September 30, 2010. For the third quarter of 2011, the Company processed $5.9 billion of total transaction volume, a 2.7% increase from the same period in 2010.
For the nine months ended September 30, 2011, revenues increased to $535.2 million from $518.6 million for the first nine months of 2010. Revenues, net of interchange, increased to $244.8 million for the first nine months of 2011 compared to $231.8 million for the same period in 2010. Net loss for the first nine months of 2011 was $4.8 million for iPayment and its consolidated subsidiaries and $11.0 million for Holdings and its consolidated subsidiaries, in each case, compared to net income of $15.7 million for the first nine months of 2010. Net loss for the nine months ended September 30, 2011 was attributable to costs associated with the Refinancing, which totaled $18.7 million or $12.4 million after tax. In addition, the Company incurred higher interest and amortization expenses as a result of the Refinancing and increased compensation expense. For the nine months ended September 30, 2011, the Company processed $17.1 billion of total transaction volume, which was approximately the same as the comparable period in 2010.
We filed our Quarterly Report on Form 10-Q for the three months ended September 30, 2011 with the Securities and Exchange Commission (the “SEC”) today.
Conference Call
Management will hold a conference call on Monday, November 14, 2011 at 10:00 a.m. (Eastern Time) to discuss its 2011 third quarter results. Participants should dial 913-312-0406 approximately 10 minutes prior to the start of the call. A telephonic replay will become available after 12:00 p.m. (Eastern Time) on November 14, 2011 and will continue to be available through November 22, 2011. You can access the replay by dialing 719-457-0820 and entering Confirmation Code 2474109.
The live broadcast of our quarterly conference call will be available online at or on November 14, 2011 beginning at 10:00 a.m. (Eastern Time). The online replay will be available at approximately 12:00 p.m. (Eastern Time) on November 14, 2011 and will continue to be available for one week.

Restaurant and Lodging Merchants Receive More Than $7 Million in Debit Swipe Fee Reductions

Heartland Payment Systems® Releases Latest Data about Durbin Amendment’s Actual Effects on Business Owners as Durbin Dollar Savings near $20 Million Mark
IHMRS 2011
NEW YORK--()--Restaurant and lodging merchants have received $7,017,876 in savings from Heartland Payment Systems (NYSE: HPY), one of the nation’s largest payments processors, as a result of the Durbin Amendment swipe fee reform. In total from October 1 to November 9, 2011, Heartland has credited its merchants with an estimated $19,529,794 in signature debit interchange reductions. Of these Durbin Dollars, restaurant merchants received $6,171,195, lodging merchants received $846,681 and retail merchants received $2,560,608.
“As our economy recovers, this nearly $20 million capital infusion is a much-needed adrenaline boost for main street merchants”
“As our economy recovers, this nearly $20 million capital infusion is a much-needed adrenaline boost for main street merchants,” said Bob Baldwin, Heartland’s president. “These are real savings that business owners are free to manage as they see fit, whether it’s passing discounts down to their customers or reinvesting in their operations.”
An estimate of total savings distributed by state can be found in the table below:
Total Estimated Visa/MasterCard
Signature Debit Savings From
October 1-November 9, 2011
Total Estimated Visa/MasterCard
Signature Debit Savings From
October 1-November 9, 2011
Arizona$298,487.43New Hampshire$162,138.15
Arkansas$153,617.43New Jersey$801,954.82
California$2,174,550.02New Mexico$98,745.10
Colorado$638,297.92New York$1,175,583.86
Connecticut$304,729.68North Carolina$794,957.46
Delaware$84,102.49North Dakota$87,459.13
Illinois$638,798.31Rhode Island$61,147.00
Indiana$396,591.93South Carolina$292,055.13
Iowa$147,306.99South Dakota$31,356.26
Michigan$578,120.76Washington DC$55,027.86
Minnesota$530,157.46West Virginia$34,099.49
Heartland also found:
  • 64% of its signature debit sales volume qualified as regulated
  • On average, there is a savings of $0.20 per transaction for regulated (vs. non-regulated)
    • The average signature debit non-regulated interchange fee per transaction is $0.43
    • The average signature debit regulated interchange fee per transaction is $0.23
  • On average, there is a savings of 74 basis points for regulated (vs. non-regulated)
    • The average signature debit non-regulated effective rate is 1.56%
    • The average signature debit regulated effective rate is 0.82%
For more information on the Durbin Amendment, visit Heartland in Booth 1763 at IHMRS or go to

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