Payment Card Industry Data Security Standards Expected to Evolve Based on Continued Data Breaches

Thales and Ponemon Institute Reveal Research Study Identifying Key Areas and Predictions on Changes to Security Standards Enabling Auditors to Start to Prepare for October 2010 Announcement

InfoSecurity Europe, London UK, Weston, Florida – April 27, 2010 (AllPayNews) –  Thales (Paris: HO), leader in information systems and communications security, today announced the results of a research study about the upcoming version of the Payment Card Industry Data Security Standards (PCI DSS). This new set of standards is expected to be released in October 2010 by the PCI Security Standards Council. Based on surveys with 155 Qualified Security Assessors (QSAs), the following trends and key findings were identified:

- Encryption is one of the most effective means for achieving compliance but questions arise on how to treat encrypted data in audits. It is believed that clarifications will be issued on the use of encryption and key management.

- 41% of those surveyed believed tokenization will be included in the update as the technology to use to increase cardholder data security and reduce cost of compliance.

- Tier 1 merchants are paying $122,000 more on average than Tier 2 merchants to do the same QSA assessments.

The Ponemon Institute, an information-management think tank, designed the survey to focus on identifying trends, recommendations and preferences of QSAs involved in PCI DSS compliance. Specifically, the survey questions focused on the background, experience, client observations, expected changes in PCI DSS, preferences on how to achieve compliance, and typical client recommendations. The results are available in this newly released report, sponsored by Thales entitled: PCI DSS Tends 2010: QSA Business Report. The report can be downloaded atwww.thalesgroup.com/iss

“Our research continues to validate that 60 percent of QSAs believe encryption to be the most effective means to protect card data end-to-end, and 41 percent of QSAs said that controlling access to encryption keys is the most difficult key management task faced by clients using encryption. It remains clear that QSAs consider encryption to be one the best techniques merchants can use to keep information safe and comply with PCI requirements. The current version of the standard, however, is ambiguous about how exactly encrypted data should be treated in audits, so QSAs seem to be confident that the October 2010 update to PCI DSS will provide clarity,” says Dr. Larry Ponemon, chairman and founder of The Ponemon Institute.

Our Device 3DES and End to

End DUKPT Encrypts

the Data at the Maghead

In addition to clarification about encryption and key management, the survey revealed that QSAs expect tokenization to be the new technology most likely included in the PCI DSS update. In 2009, The PCI Security Council commissioned a PricewaterhouseCoopers study to examine whether four emerging technologies showed potential to enhance data security and reduce compliance costs: tokenization, end-to-end encryption, virtual terminals and card management solutions. “41 percent of QSAs believe tokenization is the most likely of these technologies to be addressed in the PCI update, while 28 percent said end-to-end encryption is the most likely, 13 percent said virtual terminals and 9 percent said magnetic stripe imaging,” continued Ponemon. “Only 11 percent of QSAs believe that none of the technologies considered will be included in the PCI DSS updates.”

The research also revealed that on average, Tier 1 merchants pay about $122,000 more than Tier 2 merchants for QSA assessments. As uncovered in the previously issued QSA Insights Report, the average cost of an annual QSA audit—the fees paid to QSAs for assessment services—for Tier 1 merchants is about $225,000. The complete research results reveal that an annual assessment for Tier 2 merchants averages $103,000 and for Tier 1 service providers, such as large payment processors, the average cost of an annual on-site QSA assessment is $204,000.

“Complying with PCI DSS requirements is a great first step toward protecting cardholder information, but as new threats emerge and attacks become more sophisticated, it is important that PCI DSS and the technologies used to safeguard data evolve as well,” says Franck Greverie, Vice President for the information technology security activities of Thales. “By offering merchants insight into the new requirements likely to be included in the PCI DSS update and the current solutions in the marketplace to address these risks, this survey enables organizations to deploy the necessary technologies before the update is issued to give them a head start to enhance compliance efforts and, most importantly, better protect sensitive cardholder data.”

Dr Larry Ponemon of the Ponemon Institute, Tim Holman, QSA and Chief Technology Officer at Blackfoot UK, and Bryta Schulz of Thales will discuss the results of this survey at InfoSecurity Europe (27-29 April 2010, Earls Court, London) in a panel discussion entitled “Wrestling with PCI DSS Compliance - A Unique Look at Achieving Compliance From An Auditors' Perspective” (Tuesday, 27 April at 11:00 a.m.). Thales is available at Stand F35 at InfoSecurity Europe to provide additional information about the survey and to discuss other issues relating to your security needs. Attendees can also pickup their free copy of the new book, PCI Cardholder Data Protection for Dummies.

Visit our digital media centres www.keymanagementinsights.com and www.paymentssecurity.com for industry issues and comment.

Notes to editors

The Information Technology Security activities of Thales

Thales e-Security is a leading global provider of data encryption solutions to the financial services, high technology manufacturing, government, and technology sectors. With a 40-year track record of protecting corporate and government information, Thales solutions are used by four of the five largest energy and aerospace companies, 22 NATO countries, and they secure more than 70 percent of worldwide payment transactions. Thales e-Security has offices in France, Hong Kong, Norway, United States and the United Kingdom. For more information, visit www.thalesgroup.com/iss.

About The Ponemon Institute

The Ponemon Institute© is dedicated to advancing responsible information and privacy management practices in business and government. To achieve this objective, the Institute conducts independent research, educates leaders from the private and public sectors and verifies the privacy and data protection practices of organizations in a variety of industries.

About Thales

Thales is a global technology leader for the Aerospace and Space, Defence, Security and Transportation markets. In 2009, the company generated revenues of 12.9 billion euros with 68,000 employees in 50 countries. With its 25,000 engineers and researchers, Thales has a unique capability to design, develop and deploy equipment, systems and services that meet the most complex security requirements. Thales has an exceptional international footprint, with operations around the world working with customers as local partners. www.thalesgroup.com

Payment Card Industry Data Security Standards Expected to Evolve Based on Continued Data Breaches

Thales and Ponemon Institute Reveal Research Study Identifying Key Areas and Predictions on Changes to Security Standards Enabling Auditors to Start to Prepare for October 2010 Announcement

InfoSecurity Europe, London UK, Weston, Florida – April 27, 2010 (AllPayNews) –  Thales (Paris: HO), leader in information systems and communications security, today announced the results of a research study about the upcoming version of the Payment Card Industry Data Security Standards (PCI DSS). This new set of standards is expected to be released in October 2010 by the PCI Security Standards Council. Based on surveys with 155 Qualified Security Assessors (QSAs), the following trends and key findings were identified:

- Encryption is one of the most effective means for achieving compliance but questions arise on how to treat encrypted data in audits. It is believed that clarifications will be issued on the use of encryption and key management.

- 41% of those surveyed believed tokenization will be included in the update as the technology to use to increase cardholder data security and reduce cost of compliance.

- Tier 1 merchants are paying $122,000 more on average than Tier 2 merchants to do the same QSA assessments.

The Ponemon Institute, an information-management think tank, designed the survey to focus on identifying trends, recommendations and preferences of QSAs involved in PCI DSS compliance. Specifically, the survey questions focused on the background, experience, client observations, expected changes in PCI DSS, preferences on how to achieve compliance, and typical client recommendations. The results are available in this newly released report, sponsored by Thales entitled: PCI DSS Tends 2010: QSA Business Report. The report can be downloaded atwww.thalesgroup.com/iss

“Our research continues to validate that 60 percent of QSAs believe encryption to be the most effective means to protect card data end-to-end, and 41 percent of QSAs said that controlling access to encryption keys is the most difficult key management task faced by clients using encryption. It remains clear that QSAs consider encryption to be one the best techniques merchants can use to keep information safe and comply with PCI requirements. The current version of the standard, however, is ambiguous about how exactly encrypted data should be treated in audits, so QSAs seem to be confident that the October 2010 update to PCI DSS will provide clarity,” says Dr. Larry Ponemon, chairman and founder of The Ponemon Institute.

Our Device 3DES and End to

End DUKPT Encrypts

the Data at the Maghead

In addition to clarification about encryption and key management, the survey revealed that QSAs expect tokenization to be the new technology most likely included in the PCI DSS update. In 2009, The PCI Security Council commissioned a PricewaterhouseCoopers study to examine whether four emerging technologies showed potential to enhance data security and reduce compliance costs: tokenization, end-to-end encryption, virtual terminals and card management solutions. “41 percent of QSAs believe tokenization is the most likely of these technologies to be addressed in the PCI update, while 28 percent said end-to-end encryption is the most likely, 13 percent said virtual terminals and 9 percent said magnetic stripe imaging,” continued Ponemon. “Only 11 percent of QSAs believe that none of the technologies considered will be included in the PCI DSS updates.”

The research also revealed that on average, Tier 1 merchants pay about $122,000 more than Tier 2 merchants for QSA assessments. As uncovered in the previously issued QSA Insights Report, the average cost of an annual QSA audit—the fees paid to QSAs for assessment services—for Tier 1 merchants is about $225,000. The complete research results reveal that an annual assessment for Tier 2 merchants averages $103,000 and for Tier 1 service providers, such as large payment processors, the average cost of an annual on-site QSA assessment is $204,000.

“Complying with PCI DSS requirements is a great first step toward protecting cardholder information, but as new threats emerge and attacks become more sophisticated, it is important that PCI DSS and the technologies used to safeguard data evolve as well,” says Franck Greverie, Vice President for the information technology security activities of Thales. “By offering merchants insight into the new requirements likely to be included in the PCI DSS update and the current solutions in the marketplace to address these risks, this survey enables organizations to deploy the necessary technologies before the update is issued to give them a head start to enhance compliance efforts and, most importantly, better protect sensitive cardholder data.”

Dr Larry Ponemon of the Ponemon Institute, Tim Holman, QSA and Chief Technology Officer at Blackfoot UK, and Bryta Schulz of Thales will discuss the results of this survey at InfoSecurity Europe (27-29 April 2010, Earls Court, London) in a panel discussion entitled “Wrestling with PCI DSS Compliance - A Unique Look at Achieving Compliance From An Auditors' Perspective” (Tuesday, 27 April at 11:00 a.m.). Thales is available at Stand F35 at InfoSecurity Europe to provide additional information about the survey and to discuss other issues relating to your security needs. Attendees can also pickup their free copy of the new book, PCI Cardholder Data Protection for Dummies.

Visit our digital media centres www.keymanagementinsights.com and www.paymentssecurity.com for industry issues and comment.

Notes to editors

The Information Technology Security activities of Thales

Thales e-Security is a leading global provider of data encryption solutions to the financial services, high technology manufacturing, government, and technology sectors. With a 40-year track record of protecting corporate and government information, Thales solutions are used by four of the five largest energy and aerospace companies, 22 NATO countries, and they secure more than 70 percent of worldwide payment transactions. Thales e-Security has offices in France, Hong Kong, Norway, United States and the United Kingdom. For more information, visit www.thalesgroup.com/iss.

About The Ponemon Institute

The Ponemon Institute© is dedicated to advancing responsible information and privacy management practices in business and government. To achieve this objective, the Institute conducts independent research, educates leaders from the private and public sectors and verifies the privacy and data protection practices of organizations in a variety of industries.

About Thales

Thales is a global technology leader for the Aerospace and Space, Defence, Security and Transportation markets. In 2009, the company generated revenues of 12.9 billion euros with 68,000 employees in 50 countries. With its 25,000 engineers and researchers, Thales has a unique capability to design, develop and deploy equipment, systems and services that meet the most complex security requirements. Thales has an exceptional international footprint, with operations around the world working with customers as local partners. www.thalesgroup.com

Innovative North American Financial Institution to Issue EMV Cards with ACI Worldwide and Bell ID Solution

First Joint Customer for ACI Worldwide/Bell ID Strategic Partnership

New York, N.Y. – 28 April 2010 – ACI Worldwide, Inc. (Nasdaq: ACIW) and Bell ID, both leading international providers of electronic payments software and solutions, announced today that the two companies have contracted with the first customer as part of their strategic partnership launched late last year.  See: ACI Worldwide Announces Alliance with Bell ID to Provide Smart Card Solutions





A financial institution in North America has selected the ANDiS4EMV solution for EMV card management, as a long-term investment in card issuing and to ensure it can always respond to changing customer and market demands.

This first new account is a significant step in the partnership, which enables ACI Worldwide to license and market Bell ID’s suite of products for smart card management to financial markets and retailers around the world.

ANDiS4EMV enables the institution to issue chip-based smart payment cards, and manage the life-cycle of its card base - including PINs, payment applications and cryptographic keys. It can also help the organization to better manage risk through control of the EMV parameters, and provide better customer service through branch instant issuance of a fully-customized EMV card. The financial institution can also extend the service with deployment of the payment applications on Near Field Communication (NFC)-enabled mobile phones.

Louis Blatt, chief product officer at ACI Worldwide said, “EMV technology is being adopted on a global basis, and we’re seeing banks around the world considering the future of their card issuance schemes. ANDiS4EMV enables financial institutions to take control of their EMV card management by bringing it in house, rather than relying on outsourced providers. By having access to more data about customers, and by enabling the bank to manage their EMV cards themselves, they are able to respond quickly to changing customer needs and stay one step ahead of banks that outsource card management.”



Pat Curran, chairman of Bell ID commented, “Financial institutions are embracing technology to make life easier for their customers, and this new business highlights the fact that delivering flexibility and convenience is essential to customers’ business strategies. This builds on our growing customer base in markets where smart card technology has been adopted for retail payments. The addition of this customer gives ACI and Bell ID a stronger presence in a key growth market for EMV smart card technology.”



For more information please visit www.aciworldwide.com/tokenmanagement.



For more information contact:

Catherine Eyres

ACI Worldwide

+44 (0) 1923 812741

Catherine.Eyres@aciworldwide.com

About Bell ID



Bell ID is the worldwide technology leader in the field of smart card management. Based in Europe, Bell ID is a truly international company, with projects from as far afield as Macau, South Africa and Canada. Bell ID constitutes the largest team in the world dedicated exclusively to developing software that manages the life-cycles of cards and their associated applications and cryptographic keys. Bell ID is a powerhouse of expert knowledge and experience, operating in this specialised field since 1993. Our references speak for themselves, with significant strategic wins in national ID, EMV banking and corporate ID. Bell ID's target markets include Financial Institutions, Telcos, Governments, Blue Chip Companies and Universities. Please visit: www.BellID.com for more information





About ACI Worldwide

ACI combines a global perspective with local presence to tailor solutions for each customer. Our proven products, domain expertise and 35 years of experience have earned us a position as trusted provider of gold standard payments solutions.  For more information, please visit: ACI Worldwide

Innovative North American Financial Institution to Issue EMV Cards with ACI Worldwide and Bell ID Solution

First Joint Customer for ACI Worldwide/Bell ID Strategic Partnership

New York, N.Y. – 28 April 2010 – ACI Worldwide, Inc. (Nasdaq: ACIW) and Bell ID, both leading international providers of electronic payments software and solutions, announced today that the two companies have contracted with the first customer as part of their strategic partnership launched late last year.  See: ACI Worldwide Announces Alliance with Bell ID to Provide Smart Card Solutions





A financial institution in North America has selected the ANDiS4EMV solution for EMV card management, as a long-term investment in card issuing and to ensure it can always respond to changing customer and market demands.

This first new account is a significant step in the partnership, which enables ACI Worldwide to license and market Bell ID’s suite of products for smart card management to financial markets and retailers around the world.

ANDiS4EMV enables the institution to issue chip-based smart payment cards, and manage the life-cycle of its card base - including PINs, payment applications and cryptographic keys. It can also help the organization to better manage risk through control of the EMV parameters, and provide better customer service through branch instant issuance of a fully-customized EMV card. The financial institution can also extend the service with deployment of the payment applications on Near Field Communication (NFC)-enabled mobile phones.

Louis Blatt, chief product officer at ACI Worldwide said, “EMV technology is being adopted on a global basis, and we’re seeing banks around the world considering the future of their card issuance schemes. ANDiS4EMV enables financial institutions to take control of their EMV card management by bringing it in house, rather than relying on outsourced providers. By having access to more data about customers, and by enabling the bank to manage their EMV cards themselves, they are able to respond quickly to changing customer needs and stay one step ahead of banks that outsource card management.”



Pat Curran, chairman of Bell ID commented, “Financial institutions are embracing technology to make life easier for their customers, and this new business highlights the fact that delivering flexibility and convenience is essential to customers’ business strategies. This builds on our growing customer base in markets where smart card technology has been adopted for retail payments. The addition of this customer gives ACI and Bell ID a stronger presence in a key growth market for EMV smart card technology.”



For more information please visit www.aciworldwide.com/tokenmanagement.



For more information contact:

Catherine Eyres

ACI Worldwide

+44 (0) 1923 812741

Catherine.Eyres@aciworldwide.com

About Bell ID



Bell ID is the worldwide technology leader in the field of smart card management. Based in Europe, Bell ID is a truly international company, with projects from as far afield as Macau, South Africa and Canada. Bell ID constitutes the largest team in the world dedicated exclusively to developing software that manages the life-cycles of cards and their associated applications and cryptographic keys. Bell ID is a powerhouse of expert knowledge and experience, operating in this specialised field since 1993. Our references speak for themselves, with significant strategic wins in national ID, EMV banking and corporate ID. Bell ID's target markets include Financial Institutions, Telcos, Governments, Blue Chip Companies and Universities. Please visit: www.BellID.com for more information





About ACI Worldwide

ACI combines a global perspective with local presence to tailor solutions for each customer. Our proven products, domain expertise and 35 years of experience have earned us a position as trusted provider of gold standard payments solutions.  For more information, please visit: ACI Worldwide

TD Bank Offers Flip Utlra Camcorders to New Customers

TD Bank Offers Flip Ultra(TM) Camcorders to New Checking Customers

 

CHERRY HILL, N.J., and PORTLAND, Maine, April 29 /PRNewswire/ -- New checking customers who open a checking account with TD Bank, America's Most Convenient Bank®, from now untilJune 5, will receive a Flip Video™ Camcorder just in time to capture all of their summer memories! Consumers who open a new personal checking account at any TD Bank store can receive a Flip Video™ Camcorder while supplies last.

Checking accounts are the start of a relationship between customers and their bank," said Nandita Bakhshi, head, deposit products, TD Bank. "It is a chance for customers looking for a new checking account to be rewarded for everyday payments and purchases. This is a cool way to reward customers and give them a taste of what TD Bank's WOW! service is all about."

Customers who open a first-time checking account at a TD Bank store, by phone or online, and  who use their debit card for eight purchases and make two payments with online bill pay within 45 days of account opening, will receive a brand new Flip.

TD Bank focuses on delivering legendary customer service by providing seven-day branch banking with extended hours, free Penny Arcade coin-counting machines, hassle-free products, free online banking and bill pay at www.tdbank.com, local lenders making local lending decisions, and treats for kids and dogs.  Customers also have access to a network of more than 2,600 ATMs from Maine to Florida.

For more information, please visit www.tdbank.com/Flip.

While the FLIP seems like a nice lure to open an account with TD Bank the Flip Side is that Consumers

Need Online Banking Security more and our device would cost less and provide a Return on Investment

to Online Banks in the form of transactional revenue.  Every time the device is used for online shopping,

Real Time Person to Person Money Transfers or Real Time Bill Payments

About TD Bank, America's Most Convenient Bank®

TD Bank, America's Most Convenient Bank, is one of the 15 largest commercial banks in the United States with $152 billion in assets, and provides customers with a full range of financial products and services at more than 1,000 convenient locations from Maine to Florida. TD Bank, N.A., is headquartered in Cherry Hill, N.J., and Portland, Maine. TD Bank is a trade name of TD Bank, N.A. For more information, visit www.tdbank.com.

TD Bank, America's Most Convenient Bank, is a member of TD Bank Financial Group (TSX, NYSE: TD) of Toronto, Canada, a top 10 financial services company in North America and one of the few banks in the world rated Aaa by Moody's.

SOURCE TD Bank

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TD Bank Offers Flip Utlra Camcorders to New Customers

TD Bank Offers Flip Ultra(TM) Camcorders to New Checking Customers

 

CHERRY HILL, N.J., and PORTLAND, Maine, April 29 /PRNewswire/ -- New checking customers who open a checking account with TD Bank, America's Most Convenient Bank®, from now untilJune 5, will receive a Flip Video™ Camcorder just in time to capture all of their summer memories! Consumers who open a new personal checking account at any TD Bank store can receive a Flip Video™ Camcorder while supplies last.

Checking accounts are the start of a relationship between customers and their bank," said Nandita Bakhshi, head, deposit products, TD Bank. "It is a chance for customers looking for a new checking account to be rewarded for everyday payments and purchases. This is a cool way to reward customers and give them a taste of what TD Bank's WOW! service is all about."

Customers who open a first-time checking account at a TD Bank store, by phone or online, and  who use their debit card for eight purchases and make two payments with online bill pay within 45 days of account opening, will receive a brand new Flip.

TD Bank focuses on delivering legendary customer service by providing seven-day branch banking with extended hours, free Penny Arcade coin-counting machines, hassle-free products, free online banking and bill pay at www.tdbank.com, local lenders making local lending decisions, and treats for kids and dogs.  Customers also have access to a network of more than 2,600 ATMs from Maine to Florida.

For more information, please visit www.tdbank.com/Flip.

While the FLIP seems like a nice lure to open an account with TD Bank the Flip Side is that Consumers

Need Online Banking Security more and our device would cost less and provide a Return on Investment

to Online Banks in the form of transactional revenue.  Every time the device is used for online shopping,

Real Time Person to Person Money Transfers or Real Time Bill Payments

About TD Bank, America's Most Convenient Bank®

TD Bank, America's Most Convenient Bank, is one of the 15 largest commercial banks in the United States with $152 billion in assets, and provides customers with a full range of financial products and services at more than 1,000 convenient locations from Maine to Florida. TD Bank, N.A., is headquartered in Cherry Hill, N.J., and Portland, Maine. TD Bank is a trade name of TD Bank, N.A. For more information, visit www.tdbank.com.

TD Bank, America's Most Convenient Bank, is a member of TD Bank Financial Group (TSX, NYSE: TD) of Toronto, Canada, a top 10 financial services company in North America and one of the few banks in the world rated Aaa by Moody's.

SOURCE TD Bank

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• How Dangerous is Online Banking?...asks MSN Money (pindebit.blogspot.com)


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PSCU Financial Services Debuts Visa Transaction Alerts

Cooperative is First CUSO to Offer New Service to Credit Unions, Cardholders

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--PSCU Financial Services announced today that it is the first CUSO to offer credit unions and their members near-real-time¹ alerts for Visa credit transactions. This is the newest tool offered by the cooperative to empower Visa credit cardholders to help identify potentially fraudulent account activity.

“Consumers want to play an active part in protecting and managing their financial accounts”

Alerts are delivered through Visa’s transaction alerts platform and are usually sent within seconds of transaction authorization and can be delivered by email or SMS text. Members can elect to receive any or all of the following alerts: transaction declined; out of country or card-not-present transaction; gas station charges or transaction exceeding an amount set by the cardholder.

“We are fully committed to empowering our credit unions and their members with new technologies to reduce the risk of fraud. This new transaction alert service allows Visa credit cardholders to detect potential fraudulent use, providing credit union members more control over their accounts,” said David J. Serlo, President, PSCU Financial Services.

Cardholders can enroll in the new transaction alert service from the credit union’s web site. Credit unions can select the alerts that are available to cardholders as well as the method: email, SMS text or both. The transaction alert contains critical information such as purchase amount, time and date of the transaction, as well as information relating to the merchant, such as name and location. HTML email has additional branding options.

“Consumers want to play an active part in protecting and managing their financial accounts,” said Jim McCarthy, Global Head of Product at Visa Inc. “Our collaboration with PSCU will bring the Visa’s transaction alert service to credit union members throughout North America enabling them to better manage and track their spending while providing them with an early warning system for potential fraudulent activities.”

Visa transaction alerts are sent on behalf of participating credit unions directly from VisaNet, Visa’s global processing network, typically within seconds of a transaction occurring. Alerts are triggered when the transaction meets certain criteria the account holder has selected and are delivered directly to the account holder via email, SMS text message or the Visa Mobile application. Visa’s transaction alerts let consumers monitor their accounts for unusual activity and take immediate action if they believe a potentially fraudulent transaction is taking place.

PSCU Financial Services is the credit union industry’s leader in data protection. The cooperative offers advanced fraud detection and prevention measures, including its Falcon fraud detection system and 24/7 card monitoring by a specially trained security staff. These activities deliver a fraud-to-sales ratio for member-owners that is lower than the industry average.

About PSCU Financial Services

Based in St. Petersburg, Florida, PSCU Financial Services is the nation's largest credit union service organization (CUSO) and serves more than 1,500 financial institutions nationwide. As a non-profit cooperative, the company is owned by more than 640 member credit unions representing over 14 million accounts and 1 million online bill payment subscribers. Its Contact Centers handle more than 17.4 million inquiries a year.

PSCU Financial Services offers 24/7 member support through four Contact Centers: its Eastern operations center in St. Petersburg, Fla.; a Western operations center based in Phoenix, Ariz.; and two call centers in Detroit, Mich. These Contact Centers perform member servicing and new member acquisition, cross-selling and automated lending solutions as well as support for debit/credit/prepaid cardholders and online bill payment subscribers.

Established in 1977, the company provides a broad array of cost-effective, high quality financial services that include credit, debit, ATM, prepaid, bill payment, electronic banking and contact center solutions. PSCU Financial Services uniquely offers its members a full range of processing options, any combination from full service to in-house pass through processing for credit, debit and ATM transactions. As a leader in the credit union movement, the company offers gateway access to national and regional networks. It also provides full function ATM terminal driving services. For more information, visit PSCU Financial Services’ website at www.pscufs.com.

About Visa Inc.

Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is the world’s most advanced processing network—VisaNet—that is capable of handling more than 10,000 transactions a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank, and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products. For more information, visitwww.corporate.visa.com.

¹ Subject to wireless carrier’s network coverage and other details

PSCU Financial Services Debuts Visa Transaction Alerts

Cooperative is First CUSO to Offer New Service to Credit Unions, Cardholders

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--PSCU Financial Services announced today that it is the first CUSO to offer credit unions and their members near-real-time¹ alerts for Visa credit transactions. This is the newest tool offered by the cooperative to empower Visa credit cardholders to help identify potentially fraudulent account activity.

“Consumers want to play an active part in protecting and managing their financial accounts”

Alerts are delivered through Visa’s transaction alerts platform and are usually sent within seconds of transaction authorization and can be delivered by email or SMS text. Members can elect to receive any or all of the following alerts: transaction declined; out of country or card-not-present transaction; gas station charges or transaction exceeding an amount set by the cardholder.

“We are fully committed to empowering our credit unions and their members with new technologies to reduce the risk of fraud. This new transaction alert service allows Visa credit cardholders to detect potential fraudulent use, providing credit union members more control over their accounts,” said David J. Serlo, President, PSCU Financial Services.

Cardholders can enroll in the new transaction alert service from the credit union’s web site. Credit unions can select the alerts that are available to cardholders as well as the method: email, SMS text or both. The transaction alert contains critical information such as purchase amount, time and date of the transaction, as well as information relating to the merchant, such as name and location. HTML email has additional branding options.

“Consumers want to play an active part in protecting and managing their financial accounts,” said Jim McCarthy, Global Head of Product at Visa Inc. “Our collaboration with PSCU will bring the Visa’s transaction alert service to credit union members throughout North America enabling them to better manage and track their spending while providing them with an early warning system for potential fraudulent activities.”

Visa transaction alerts are sent on behalf of participating credit unions directly from VisaNet, Visa’s global processing network, typically within seconds of a transaction occurring. Alerts are triggered when the transaction meets certain criteria the account holder has selected and are delivered directly to the account holder via email, SMS text message or the Visa Mobile application. Visa’s transaction alerts let consumers monitor their accounts for unusual activity and take immediate action if they believe a potentially fraudulent transaction is taking place.

PSCU Financial Services is the credit union industry’s leader in data protection. The cooperative offers advanced fraud detection and prevention measures, including its Falcon fraud detection system and 24/7 card monitoring by a specially trained security staff. These activities deliver a fraud-to-sales ratio for member-owners that is lower than the industry average.

About PSCU Financial Services

Based in St. Petersburg, Florida, PSCU Financial Services is the nation's largest credit union service organization (CUSO) and serves more than 1,500 financial institutions nationwide. As a non-profit cooperative, the company is owned by more than 640 member credit unions representing over 14 million accounts and 1 million online bill payment subscribers. Its Contact Centers handle more than 17.4 million inquiries a year.

PSCU Financial Services offers 24/7 member support through four Contact Centers: its Eastern operations center in St. Petersburg, Fla.; a Western operations center based in Phoenix, Ariz.; and two call centers in Detroit, Mich. These Contact Centers perform member servicing and new member acquisition, cross-selling and automated lending solutions as well as support for debit/credit/prepaid cardholders and online bill payment subscribers.

Established in 1977, the company provides a broad array of cost-effective, high quality financial services that include credit, debit, ATM, prepaid, bill payment, electronic banking and contact center solutions. PSCU Financial Services uniquely offers its members a full range of processing options, any combination from full service to in-house pass through processing for credit, debit and ATM transactions. As a leader in the credit union movement, the company offers gateway access to national and regional networks. It also provides full function ATM terminal driving services. For more information, visit PSCU Financial Services’ website at www.pscufs.com.

About Visa Inc.

Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is the world’s most advanced processing network—VisaNet—that is capable of handling more than 10,000 transactions a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank, and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products. For more information, visitwww.corporate.visa.com.

¹ Subject to wireless carrier’s network coverage and other details

Gemalto Reports First Quarter 2010 Revenue

• Revenue increases to € 390 million


• Software and services drive growth in Mobile Communication


• Product mix improves in Secure Transactions


• Double digit growth in the Security segment

All figures presented in this press release are unaudited.

AMSTERDAM--(BUSINESS WIRE)--Regulatory News:

Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announced its revenue for the first quarter of 2010.

Mobile Communication

Secure Transactions

Security

Others

Total Gemalto 2010

Total Gemalto 2009

First quarter revenue

211 M€

95 M€

68 M€

16 M€

390 M€

367 M€

Year-on-year variations at historical exchange rates

+ 10%

( 4%)

+ 13%

+ 2%

+ 6%

-

Olivier Piou, Chief Executive Officer, commented: “This quarter confirms the positive signs we began to see towards the end of last year. Significant expansion in our mobile software and services activities, robust growth in high-end and contactless payment card deployments, and strong performance in Security all reinforce our market leadership. New economies remain active and we are now seeing indications of a gradual recovery in demand from the developed markets.”

First quarter 2010

All variations in this section are comparing the first quarter 2010 revenue to the first quarter 2009 revenue at constant exchange rates. The financial reporting from one of our joint ventures is not available for Q1 2010 due to legal disputes with the partner. Revenue from this joint venture in Q1 2009 was €7 million in Secure Transactions and €4 million in Security. For a better understanding of Gemalto’s year-on-year business evolution the variations at constant exchange rates have been calculated by excluding this joint venture contribution from 2009 revenues.

Total revenue for the first quarter of 2010 was € 390 million, an increase of 8% over 2009 at constant exchange rates. All segments posted revenue expansion.

Mobile Communication

Secure Transactions

Security

Others

Total Gemalto 2010

Total Gemalto 2009

First quarter revenue

211 M€

95 M€

68 M€

16 M€

390 M€

367 M€

Year-on-year variations at constant exchange rates

+ 9%

+ 1%

+ 21%

+ 1%

+ 8%

-

Segment information