Chinese Government Wants to See Encryption Info

THE GERMAN LORENZ CIPHER MACHINE, USED IN WORLD WAR II FOR ENCRYPTION OF VERY HIGH-LEVEl info

Chinese Want to See Encryption Info

This was written by Michael Cheek on Thursday, April 29, 2010

The Chinese government is looking to force security vendors to disclose their encryption information based on new regulations that will come into effect on Saturday. The regulations stipulate that companies selling products that fit into one (or more) of six categories must submit their encryption information to a government panel to receive a license to sell to Chinese government agencies, The Register reports.

EU and U.S. authorities are against the new measures, saying that handing over such information is “something companies cannot and will not do,” according to the president of the European Union Chamber of Commerce Jorg Wuttke.

It is still unclear if U.S. and EU companies would be required to reveal encryption techniques, which are available publicly, or cryptographic keys, which generally remain secret.

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• Encryption.ppt (slideshare.net)

Chinese Government Wants to See Encryption Info

THE GERMAN LORENZ CIPHER MACHINE, USED IN WORLD WAR II FOR ENCRYPTION OF VERY HIGH-LEVEl info

Chinese Want to See Encryption Info

This was written by Michael Cheek on Thursday, April 29, 2010

The Chinese government is looking to force security vendors to disclose their encryption information based on new regulations that will come into effect on Saturday. The regulations stipulate that companies selling products that fit into one (or more) of six categories must submit their encryption information to a government panel to receive a license to sell to Chinese government agencies, The Register reports.

EU and U.S. authorities are against the new measures, saying that handing over such information is “something companies cannot and will not do,” according to the president of the European Union Chamber of Commerce Jorg Wuttke.

It is still unclear if U.S. and EU companies would be required to reveal encryption techniques, which are available publicly, or cryptographic keys, which generally remain secret.

Related articles by Zemanta

• Encryption: The Only Data Security Method That's Easy (alertboot.com)


• Encryption.ppt (slideshare.net)

Airline & Travel Payments Summit Early Bird Registration Ends Today

Today, Friday 30 April 2010, is the last day to register at the very low early bird registration rates for the Airline & Travel Payments Summit (ATPS), being Co-Hosted by UATP on 30 November & 01 December 2010 in San Francisco. ATPS is the only all payments-related event for the Airline and Travel industry! Find out more and register on/before the early bird deadline of this Friday, 30 April 2010, at: www.AirlineTravelPayments.com We hope to see you in San Francisco! Michael Smith, Chairman, ATPS P.S. If you have not yet done so, please also join our Airline & Travel Payments Group on LinkedIn.com!

Airline & Travel Payments Summit Early Bird Registration Ends Today

Today, Friday 30 April 2010, is the last day to register at the very low early bird registration rates for the Airline & Travel Payments Summit (ATPS), being Co-Hosted by UATP on 30 November & 01 December 2010 in San Francisco. ATPS is the only all payments-related event for the Airline and Travel industry! Find out more and register on/before the early bird deadline of this Friday, 30 April 2010, at: www.AirlineTravelPayments.com We hope to see you in San Francisco! Michael Smith, Chairman, ATPS P.S. If you have not yet done so, please also join our Airline & Travel Payments Group on LinkedIn.com!

iC3 Annual Report on Internet Crime Shows Total Dollar Loss More Than Doubles!

Executive Summary (partial)

The Web is No Longer Safe for Internet Transactions

Unless they are Conducted "OUTSIDE" the Browser

From January 1, 2009 through December 31, 2009, the Internet Crime Complaint Center (IC3) Web site received 336,655 complaint submissions. This was a 22.3% increase as compared to 2008 when 275,284 complaints were received.



Of the 336,655 complaints submitted to IC3, 146,663 were referred to local, state, and federal law enforcement agencies around the country for further consideration. The vast majority of referred cases contained elements of fraud and involved a financial loss by the complainant.



Total Dollar Loss More than Doubles Last Year



The total dollar loss from all referred cases was $559.7 million with a median dollar loss of $575. This is up from $264.6 million in total reported losses in 2008.   (see chart below) 



Unreferred submissions generally involved complaints in which there was no documented harm or loss (e.g., a complainant received a fraudulent solicitation email but did not act upon it) or complaints where neither the complainant nor perpetrator resided within the United States (i.e., there was not an appropriate domestic law enforcement agency for direct referral).



Click Here for an Interesting Read

Remember the Good Ole' Days (2001) when it was okay to type your number into a box in a browser?

iC3 Annual Report on Internet Crime Shows Total Dollar Loss More Than Doubles!

Executive Summary (partial)

The Web is No Longer Safe for Internet Transactions

Unless they are Conducted "OUTSIDE" the Browser

From January 1, 2009 through December 31, 2009, the Internet Crime Complaint Center (IC3) Web site received 336,655 complaint submissions. This was a 22.3% increase as compared to 2008 when 275,284 complaints were received.



Of the 336,655 complaints submitted to IC3, 146,663 were referred to local, state, and federal law enforcement agencies around the country for further consideration. The vast majority of referred cases contained elements of fraud and involved a financial loss by the complainant.



Total Dollar Loss More than Doubles Last Year



The total dollar loss from all referred cases was $559.7 million with a median dollar loss of $575. This is up from $264.6 million in total reported losses in 2008.   (see chart below) 



Unreferred submissions generally involved complaints in which there was no documented harm or loss (e.g., a complainant received a fraudulent solicitation email but did not act upon it) or complaints where neither the complainant nor perpetrator resided within the United States (i.e., there was not an appropriate domestic law enforcement agency for direct referral).



Click Here for an Interesting Read

Remember the Good Ole' Days (2001) when it was okay to type your number into a box in a browser?

American Express Replaces Visa at Macy's and Bloomingdale's

Image via Wikipedia

INSIGHT: Amex replaces Visa at retail giant



US payment processing giant American Express (AMEX) has announced they are to replace Visa Inc., the world's biggest payments network, as the exclusive processor for US retailer Macy's and Bloomingdale's credit cards.



Read more at VRL

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American Express Replaces Visa at Macy's and Bloomingdale's

Image via Wikipedia

INSIGHT: Amex replaces Visa at retail giant



US payment processing giant American Express (AMEX) has announced they are to replace Visa Inc., the world's biggest payments network, as the exclusive processor for US retailer Macy's and Bloomingdale's credit cards.



Read more at VRL

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• Macy's, Inc. and American Express Announce New Co-Brand Card Partnership (eon.businesswire.com)

Twitter is Top Vestibule for Veteran Social Marketers

www.Twitter.com/HomeATM

For Veteran Social Marketers, Twitter Is Tops



According to eMarketer, Facebook is the top social site for marketers just getting started in the space, but as they gain knowledge and improve techniques the social marketing mix changes.



Full Article



To follow the Payments Industry News Blog on Twitter, click the following link:



www.Twitter.com/HomeATM

Twitter is Top Vestibule for Veteran Social Marketers

www.Twitter.com/HomeATM

For Veteran Social Marketers, Twitter Is Tops



According to eMarketer, Facebook is the top social site for marketers just getting started in the space, but as they gain knowledge and improve techniques the social marketing mix changes.



Full Article



To follow the Payments Industry News Blog on Twitter, click the following link:



www.Twitter.com/HomeATM

More on Ingenico and ROAMpay

Mobile Merchants to Conduct Business Anytime Anywhere Without Changing Phones or Carriers

ROAMpay Chose CircleSwipe because of it's ability to

encrypt the Track 2 data

Ingenico, the global leader in secure transaction and ayment solutions, continues its innovative path to provide business owners and merchants with the most secure and scalable mobile commerce solutions.



Today (March 2nd 2010) the company introduced Ingenico ROAM suite of mobile applications including ROAMpay and ROAMbuy to help sales agents, mobile workforce professionals, and merchants reach and service consumers on their own mobile phones.



"Ingenico's mobile applications work on virtually any mobile phone and allow merchants to leverage their existing investment in mobile technology without changing phones or networks," said Christopher Justice, president, North America. "Mobile Commerce represents the ultimate convenience for mobile users to conduct business anytime anywhere. Our products provide a robust and agile mix of mCommerce services including credit and debit payment acceptance, mobile storefront, and customized enterprise business applications to end users." 

Recently Ingenico made a global strategic investment to work with ROAM Data Inc., a Boston-based mobile application service provider and their technology to deliver a breakthrough mobile commerce solution. ROAM's patented technology enables it to be the only provider to dynamically deliver business and payment applications to nearly 200 million US customers, regardless of carrier on hundreds of different devices from smartphones to feature phones running J2ME and Brew.

Ingenico ROAM offers merchants and mobile professionals complete freedom of choice to develop mobile commerce applications that work on the iPhone, BlackBerry®, Google™, and hundreds of other devices. Unlike static, device-specific applications that are costly and difficult to change, Ingenico ROAM is a scalable service that can be changed quickly and easily. For example, when Google™ released the nexus one™ phone, Ingenico had a working application released within two days. The ROAMpay application can be downloaded from the iTunes® App Store or directly accessed on Ingenico ROAM website at www.ingenico-us.com.

"Ingenico benefits our bank and ISO partners by simplifying the sales message to the merchant. There are no complicated discussions about changing phones and carriers. Our partners gain processing revenue quickly and add value to their merchants by offering a unique suite of mobile commerce applications that can run on their existing devices," continued Justice.

"We're making it easy for both banks and ISOs to enable their merchants to accept payments to gain a competitive edge."

More on Ingenico and ROAMpay

Mobile Merchants to Conduct Business Anytime Anywhere Without Changing Phones or Carriers

ROAMpay Chose CircleSwipe because of it's ability to

encrypt the Track 2 data

Ingenico, the global leader in secure transaction and ayment solutions, continues its innovative path to provide business owners and merchants with the most secure and scalable mobile commerce solutions.



Today (March 2nd 2010) the company introduced Ingenico ROAM suite of mobile applications including ROAMpay and ROAMbuy to help sales agents, mobile workforce professionals, and merchants reach and service consumers on their own mobile phones.



"Ingenico's mobile applications work on virtually any mobile phone and allow merchants to leverage their existing investment in mobile technology without changing phones or networks," said Christopher Justice, president, North America. "Mobile Commerce represents the ultimate convenience for mobile users to conduct business anytime anywhere. Our products provide a robust and agile mix of mCommerce services including credit and debit payment acceptance, mobile storefront, and customized enterprise business applications to end users." 

Recently Ingenico made a global strategic investment to work with ROAM Data Inc., a Boston-based mobile application service provider and their technology to deliver a breakthrough mobile commerce solution. ROAM's patented technology enables it to be the only provider to dynamically deliver business and payment applications to nearly 200 million US customers, regardless of carrier on hundreds of different devices from smartphones to feature phones running J2ME and Brew.

Ingenico ROAM offers merchants and mobile professionals complete freedom of choice to develop mobile commerce applications that work on the iPhone, BlackBerry®, Google™, and hundreds of other devices. Unlike static, device-specific applications that are costly and difficult to change, Ingenico ROAM is a scalable service that can be changed quickly and easily. For example, when Google™ released the nexus one™ phone, Ingenico had a working application released within two days. The ROAMpay application can be downloaded from the iTunes® App Store or directly accessed on Ingenico ROAM website at www.ingenico-us.com.

"Ingenico benefits our bank and ISO partners by simplifying the sales message to the merchant. There are no complicated discussions about changing phones and carriers. Our partners gain processing revenue quickly and add value to their merchants by offering a unique suite of mobile commerce applications that can run on their existing devices," continued Justice.

"We're making it easy for both banks and ISOs to enable their merchants to accept payments to gain a competitive edge."

EBAday to Set the Agenda for the European Payments Industry

Finextra: An impressive list of board directors, chief financial officers and payments heads from Europe's leading banks have confirmed their participation in the conference programme for the fifth annual EBAday, taking place this year in Luxembourg on 26 and 27 May.

Payments professionals from across Europe will gather in Luxembourg in May for two days of intense networking and debate at the fifth annual EBAday forum, organised by the Euro Banking Association and Finextra Research.

Building on the success of last year’s conference in Vienna, EBAday 2010 will look beyond the practical compliance requirements of operating in a Single Euro Payments Area and deal with the critical strategic questions that banks must address if they are to prosper in the new business environment.

An influential panel of senior executives, practitioners and key stakeholders from across the payments industry will lead the discussions on the conference floor via a dynamic series of parallel streams, interactive workshops and open panel sessions.



The top-level seminar programme at EBAday is complemented by a bustling exhibition floor, showcasing the complete spectrum of payment processing services from leading banks, ACHs, technology vendors and consultancies.



For more information about visiting EBAday 2010, please view the brochure here - EBAday flyer

EBAday to Set the Agenda for the European Payments Industry

Finextra: An impressive list of board directors, chief financial officers and payments heads from Europe's leading banks have confirmed their participation in the conference programme for the fifth annual EBAday, taking place this year in Luxembourg on 26 and 27 May.

Payments professionals from across Europe will gather in Luxembourg in May for two days of intense networking and debate at the fifth annual EBAday forum, organised by the Euro Banking Association and Finextra Research.

Building on the success of last year’s conference in Vienna, EBAday 2010 will look beyond the practical compliance requirements of operating in a Single Euro Payments Area and deal with the critical strategic questions that banks must address if they are to prosper in the new business environment.

An influential panel of senior executives, practitioners and key stakeholders from across the payments industry will lead the discussions on the conference floor via a dynamic series of parallel streams, interactive workshops and open panel sessions.



The top-level seminar programme at EBAday is complemented by a bustling exhibition floor, showcasing the complete spectrum of payment processing services from leading banks, ACHs, technology vendors and consultancies.



For more information about visiting EBAday 2010, please view the brochure here - EBAday flyer

GETI and PayLeap Announce Online ACH and Gift Card Solution Partnership

     

 Destin, FL--(Marketwire - April 29, 2010) -  Global eTelecom, Inc. (GETI), a check processing and gift/loyalty card provider, and PayLeap, an electronic payment services provider, are proud to announce a partnership to enhance safe, secure payment processing options for online e-commerce merchants. This GETI-PayLeap partnership will substantially enhance payment processing options for online merchants and their clients by integrating GETI solutions into the PayLeap payment gateway.

"Dynamic and adaptive payment solutions are more relevant today than ever before," said PayLeap Vice President of Business Development Daryn Barney. "We have seen that by enabling online merchants with the proper tools to easily and safely accept a variety of payment types, such as ACH and gift/loyalty cards, in addition to credit and debit card acceptance, merchant processing and average transaction amounts increase. As a leader in innovative payment gateway services, we want to offer the most robust platform and greatest value to support our merchants. Our integration with GETI makes these modern payment processing solutions a reality."

Chris Brundage, COO for GETI, said, "Partnering with PayLeap offers us the opportunity to serve more businesses in the online payment arena. GETI's gift and loyalty card programs and web-based check processing solutions are a natural fit for PayLeap's online payment gateway. Byintegrating these services, PayLeap clients have virtually unlimited payment options available."

About Global eTelecom Inc. (GETI)Global eTelecom provides proprietary electronic Check processing and Gift/Loyalty services to over 55,000 merchants nationwide. GETI's products are marketed through sales channels of banks, independent sales offices and credit card processors. Global eTelecom's value added solutions include: Electronic POS Check Conversion, Paper Guarantee, ACH Debit, Checks-By-Phone, Checks-By-Web, Check 21+ remote deposit capture, mobile Tele-Debit and Gift/Loyalty Card Processing. GETI is part of Sage North America. For information, please visit the website atwww.Globaletelecom.com

About PayLeapAs the company mission statement specifies, PayLeap "specializes in delivering the highest quality of services by treating customers with honesty, integrity, and respect. PayLeap's highest priority is to be an ethical steward for those it serves." Priding itself on service, PayLeap's mission is to be an outstanding corporate citizen in the electronic payments industry. Transparency, simplicity and service are the core values of the innovative payment processor. Visit www.payleap.com to learn more.

GETI and PayLeap Announce Online ACH and Gift Card Solution Partnership

     

 Destin, FL--(Marketwire - April 29, 2010) -  Global eTelecom, Inc. (GETI), a check processing and gift/loyalty card provider, and PayLeap, an electronic payment services provider, are proud to announce a partnership to enhance safe, secure payment processing options for online e-commerce merchants. This GETI-PayLeap partnership will substantially enhance payment processing options for online merchants and their clients by integrating GETI solutions into the PayLeap payment gateway.

"Dynamic and adaptive payment solutions are more relevant today than ever before," said PayLeap Vice President of Business Development Daryn Barney. "We have seen that by enabling online merchants with the proper tools to easily and safely accept a variety of payment types, such as ACH and gift/loyalty cards, in addition to credit and debit card acceptance, merchant processing and average transaction amounts increase. As a leader in innovative payment gateway services, we want to offer the most robust platform and greatest value to support our merchants. Our integration with GETI makes these modern payment processing solutions a reality."

Chris Brundage, COO for GETI, said, "Partnering with PayLeap offers us the opportunity to serve more businesses in the online payment arena. GETI's gift and loyalty card programs and web-based check processing solutions are a natural fit for PayLeap's online payment gateway. Byintegrating these services, PayLeap clients have virtually unlimited payment options available."

About Global eTelecom Inc. (GETI)Global eTelecom provides proprietary electronic Check processing and Gift/Loyalty services to over 55,000 merchants nationwide. GETI's products are marketed through sales channels of banks, independent sales offices and credit card processors. Global eTelecom's value added solutions include: Electronic POS Check Conversion, Paper Guarantee, ACH Debit, Checks-By-Phone, Checks-By-Web, Check 21+ remote deposit capture, mobile Tele-Debit and Gift/Loyalty Card Processing. GETI is part of Sage North America. For information, please visit the website atwww.Globaletelecom.com

About PayLeapAs the company mission statement specifies, PayLeap "specializes in delivering the highest quality of services by treating customers with honesty, integrity, and respect. PayLeap's highest priority is to be an ethical steward for those it serves." Priding itself on service, PayLeap's mission is to be an outstanding corporate citizen in the electronic payments industry. Transparency, simplicity and service are the core values of the innovative payment processor. Visit www.payleap.com to learn more.

Online Pharmacy Shopping Is Made Painless With AmericaRx and Mazooma Debit-Payment Solution

Partnership Gives Consumers the Choice to Make Secure Online Purchases Directly From Their Bank Accounts

MIAMI, FLORIDA - AmericaRx, one of the country's leading online pharmacy, and Mazooma, the first real-time online debit payment solution for U.S. consumers, today announced a partnership that gives AmericaRx customers an easy and secure way to make purchases with cash online. 

"Offering Mazooma as a debit-payment option provides consumers with the choice to purchase their over-the-counter medications, baby products, cosmetics and supplements with cash just as they would in a physical store," says Pavan Kumar Darisi, CEO. "By simply selecting Mazooma at checkout, customers can securely make online purchases directly from their bank account without ever having to reveal their financial details or login information." 

Since Mazooma does not require consumers to pre-register, it can be used immediately at check out, increasing conversion rates. Merchants receive authorization instantly, allowing them to ship an order immediately for greater customer satisfaction.

"As more consumers prefer to shop online, the ability to offer consumers the option to pay direct from their online bank accounts gives merchants like AmericaRX.com a competitive advantage," said Paul Phillipson, Managing Director, Mazooma USA. "In a physical store, consumers have the choice to pay with a credit card or cash. Mazooma is the only solution that allows millions of U.S. consumers to pay with cash online, which allows retailers to process payment instantly. It's making online shopping easier for everyone."

About Mazooma

Mazooma provides consumers with a safe, instant way to make purchases online directly from their bank accounts. By combining the security and comfort of online banking with a speedy and simple payment check-out process, Mazooma offers a secure, easy-to-use solution for millions of consumers who cannot or do not want to use a credit card. Payment for online purchases is made directly from the customer's own bank account – and authorized through the financial institutions they know and trust.

For online merchants, Mazooma creates a new way to reach more customers, increase revenue and reduce the cost of payment processing.

For more information, visit www.mazooma.com.

About AmericaRx

AmericaRx is a Growing Online Pharmacy and Online Drugstore featuring Health and Beauty Products, Diabetes supplies, Medical and Surgical supplies, Vitamins and Minerals. We also carry a wide selection of Over the Counter Drugs, Sexual Health Products, First Aid Kits and an assortment of Alternative Health Products.

For more information, visit www.AmericaRx.com.

Online Pharmacy Shopping Is Made Painless With AmericaRx and Mazooma Debit-Payment Solution

Partnership Gives Consumers the Choice to Make Secure Online Purchases Directly From Their Bank Accounts

MIAMI, FLORIDA - AmericaRx, one of the country's leading online pharmacy, and Mazooma, the first real-time online debit payment solution for U.S. consumers, today announced a partnership that gives AmericaRx customers an easy and secure way to make purchases with cash online. 

"Offering Mazooma as a debit-payment option provides consumers with the choice to purchase their over-the-counter medications, baby products, cosmetics and supplements with cash just as they would in a physical store," says Pavan Kumar Darisi, CEO. "By simply selecting Mazooma at checkout, customers can securely make online purchases directly from their bank account without ever having to reveal their financial details or login information." 

Since Mazooma does not require consumers to pre-register, it can be used immediately at check out, increasing conversion rates. Merchants receive authorization instantly, allowing them to ship an order immediately for greater customer satisfaction.

"As more consumers prefer to shop online, the ability to offer consumers the option to pay direct from their online bank accounts gives merchants like AmericaRX.com a competitive advantage," said Paul Phillipson, Managing Director, Mazooma USA. "In a physical store, consumers have the choice to pay with a credit card or cash. Mazooma is the only solution that allows millions of U.S. consumers to pay with cash online, which allows retailers to process payment instantly. It's making online shopping easier for everyone."

About Mazooma

Mazooma provides consumers with a safe, instant way to make purchases online directly from their bank accounts. By combining the security and comfort of online banking with a speedy and simple payment check-out process, Mazooma offers a secure, easy-to-use solution for millions of consumers who cannot or do not want to use a credit card. Payment for online purchases is made directly from the customer's own bank account – and authorized through the financial institutions they know and trust.

For online merchants, Mazooma creates a new way to reach more customers, increase revenue and reduce the cost of payment processing.

For more information, visit www.mazooma.com.

About AmericaRx

AmericaRx is a Growing Online Pharmacy and Online Drugstore featuring Health and Beauty Products, Diabetes supplies, Medical and Surgical supplies, Vitamins and Minerals. We also carry a wide selection of Over the Counter Drugs, Sexual Health Products, First Aid Kits and an assortment of Alternative Health Products.

For more information, visit www.AmericaRx.com.

Veritec's blinx On-Off Debit Card With the World's First "On" and "Off" Feature for Mobile Phoneses

Debit Card Sponsor and Marketing Agent Introduces Veritec's blinx On-Off^TM Debit Card With the World's First "On" and "Off" Feature for Mobile Phones

Veritec Inc. is the pioneer and patent holder of

two dimensional (2D) matrix coding technology.

GOLDEN VALLEY, MN--(Marketwire - April 30, 2010) -  Van Tran, CEO of Veritec, Inc. (PINKSHEETS: VRTC) today announced the signing of a marketing agreement with The Bolin Group, Inc., a Texas Corporation, to begin marketing its blinx On-Off™ card and PhoneCodes™ technologies. "The Bolin Group has a wealth of knowledge and experience with debit and e-commerce platforms and is a great partner to bring our product to market," said Ms. Tran. The Bolin Group President, Bud Bolin, said, "Veritec's patented and proprietary technologies provide a sophisticated feature-functionality set that puts them at the forefront of prepaid debit card products that are available in the marketplace today. The blinx On-Off™ card will provide consumers who do not use traditional banking services with security, control and peace of mind they do not have available to them today. We are excited about the future with Veritec and believe their proprietary technology and security features available with their mobile banking platform will revolutionize the use of prepaid debit card products."

Veritec's mobile banking software platform processes debit, pre-paid and gift cards solutions to debit card issuers and sponsoring organizations. Under the blinx On-Off™ card program, card issuers and sponsors may provide Veritec's private branded debit or gift cards to individuals with or without an acceptable credit history. The blinx On-Off™ card features the ability to turn card use on and off, make real time money transfers, and to provide notifications of card use. Cardholders have security and convenience while traveling and managing their funds, as well as transferring amounts from card to card or account to account, in real time anywhere in the world. Veritec technology can be deployed as either a closed or open loop processing platform.



Veritec's instant issued MTC™ and blinx On-Off™ card programs, on Veritec's mobile banking platform, are connected to Security First Bank of Fresno, California.

About Veritec, Inc., VTFS

Veritec, Inc. is a pioneer and developer of proprietary 2-D barcodes. The company's portfolio of products includes its proprietary VeriCode® and VSCode® symbology, Bio ID- VSCode® multi-purpose card solutions, and suite of products known as PhoneCodes™ for delivering electronic tickets, coupons and gift cards to mobile devices (www.veritecinc.com). Veritec Financial Systems, Inc. is a wholly owned subsidiary of Veritec, Inc. VTFS develops and licenses mobile banking, debit, gift and prepaid card solutions and serves as a third party processor to banks for debit card transactions on the company's mobile banking platform (www.vtfs.com) and (www.blinxcard.com).

About The Bolin Group, Inc.

The Bolin Group, inc. ("tBg"), founded in 2000, is a professional services company specializing in BankCard & e-payments/currency solutions. tBg provides card based or virtual account currency system platforms in conjunction with global consulting and support. Prepaid debit products and services provided by tBg have allowed corporate clients to offer a wide range of payment solutions in support of their specific promotional, incentive, rewards or direct payment needs.





Tags: Mobile Payments, mCommerce, mPayments, Mobile Transactions, MobeePay