Wednesday, May 5, 2010

Payment Cards Research for Greece, Sweden, Thailand and Austria

05/05/2010 - 08:00 AM

Research and Markets: Financial Cards and Payments in Sweden - Pinpoint Growth Sectors and Identify Factors Driving Change

Research and Markets: Payment Cards in Greece

05/04/2010 - 01:33 PM

Research and Markets: Financial Cards and Payments in Thailand

05/04/2010 - 12:08 PM

Research and Markets: Payment Cards in Austria - The Total Number of Payment Cards in Austria was 9,940,000 in 2008

Payment Cards Research for Greece, Sweden, Thailand and Austria

05/05/2010 - 08:00 AM

Research and Markets: Financial Cards and Payments in Sweden - Pinpoint Growth Sectors and Identify Factors Driving Change

Research and Markets: Payment Cards in Greece

05/04/2010 - 01:33 PM

Research and Markets: Financial Cards and Payments in Thailand

05/04/2010 - 12:08 PM

Research and Markets: Payment Cards in Austria - The Total Number of Payment Cards in Austria was 9,940,000 in 2008

Nevada Specifies New Details for Encryption: What you Need to Know



	Date – May 6, 2010 Presenter: Tim Matthews, Sr. Director, Product Marketing Length: 45 minutes Time: 9:00 am (PST) Category: Business--Topical Nevada Specifies New Details For Encryption: What you Need to Know Webcast Description: Nevada's Senate Bill No. 227 which came into effect on January 1, 2010, brings a surprising degree of specificity to defining encryption; encryption is the "protection of data in electronic or optimal form, in storage or in transit". Further, the law specifies two aspects of encryption: the technology used in a particular encryption product, and cryptographic keys and, it forbids the transfer of personal information or of a data storage device containing personal information, unless appropriate steps have been taken to encrypt that data, as defined by the legislation. The legislation also details security devices that must use encryption, including cell phones, computers, computer drives and magnetic tape. Although the legislation contains elements that will be familiar to organizations already following a comprehensive security framework, compliance with PCI DSS, HIPAA, GBLA and FISMA does not necessarily equate to compliance with SB 227. In this 30 minute webinar you will learn why PGP Corporation's encryption solutions - Endpoint Protection, Email, File and Storage Protection - are designed to enable enterprises to easily and cost effectively comply with these kinds of regulations and requirements. To register for this exciting webinar click here.

Nevada Specifies New Details for Encryption: What you Need to Know



	Date – May 6, 2010 Presenter: Tim Matthews, Sr. Director, Product Marketing Length: 45 minutes Time: 9:00 am (PST) Category: Business--Topical Nevada Specifies New Details For Encryption: What you Need to Know Webcast Description: Nevada's Senate Bill No. 227 which came into effect on January 1, 2010, brings a surprising degree of specificity to defining encryption; encryption is the "protection of data in electronic or optimal form, in storage or in transit". Further, the law specifies two aspects of encryption: the technology used in a particular encryption product, and cryptographic keys and, it forbids the transfer of personal information or of a data storage device containing personal information, unless appropriate steps have been taken to encrypt that data, as defined by the legislation. The legislation also details security devices that must use encryption, including cell phones, computers, computer drives and magnetic tape. Although the legislation contains elements that will be familiar to organizations already following a comprehensive security framework, compliance with PCI DSS, HIPAA, GBLA and FISMA does not necessarily equate to compliance with SB 227. In this 30 minute webinar you will learn why PGP Corporation's encryption solutions - Endpoint Protection, Email, File and Storage Protection - are designed to enable enterprises to easily and cost effectively comply with these kinds of regulations and requirements. To register for this exciting webinar click here.

End-to-End Encryption in Card Payments: An Introduction

Vendors perceive merchants to be as likely to purchase E2EE solutions to offload PCI DDS requirements as they are to secure card data.

Boston, MA, May 5, 2010 – A new report from Aite Group provides insight into where end-to-end Encryption (E2EE) is going based on the perspectives of key decision-makers from core vendors of such solutions. Among other things, the report considers the revenue models being adopted by E2EE vendors and speculates on the long-term prospects for E2EE adoption, standardization of tokenization, and the likelihood of a shift to EMV chip card infrastructure in the United States.

Aite Group concludes that the most appropriate technological route to address current card fraud threats in the United States is E2EE, particularly given the entrenched nature of magnetic card infrastructure in the United States. While E2EE does not prevent the use of counterfeit or lost and stolen cards, it prevents criminals from accessing the raw materials for card crime: the card data itself. It also appeals to merchants, helping remove them from the scope of Payments Card Industry Data Security Standards (PCI DSS). In fact, vendors perceive merchants to be as likely to purchase E2EE solutions to offload PCI DDS requirements as they are to secure card data.

"Merchant choices will be highly subjective based on transaction fees, hardware requirements, and, not insignificantly, the degree to which an offering removes the merchant from PCI scope," says Nick Holland, senior analyst with Aite Group and author of this report. "While a focus on PCI scope reduction may be a fine way for E2EE vendors to gain merchant attention, it loses sight of the fundamental aspect of solutions - protecting consumer cardholder data. Vendors should be careful not to over-focus on this aspect of E2EE promotion; ultimately, the definition of what takes PCI out of scope is in the hands of the PCI Standards Council, and not in the hands of vendors."

The providers of E2EE are generally point-of-sale hardware vendors, payments processors, or security vendors that partner with E2EE experts to offer solutions. Among the providers mentioned in the report are Element, First Data Corporation, Heartland, Hypercom, Ingenico, MagTek, RSA, Semtek, VeriFone, and Voltage Security.

This 26-page Impact Report contains 16 figures. Clients of Aite Group's Retail Banking service can download the report by clicking on the icon to the right.

Related Aite Group Research:

Card Fraud in the United States: The Case for Encryption

The Broken Promise of Anytime, Anywhere Card Payments: The Experience of the U.S. Cardholder Abroad

Card Data Security: In Search of a Technology Solution

Making Hay While the Rain Pours: Information Security Expert Perspectives on Financial Services

To purchase this report or

for additional information,

please contact:

Aite Group SalesTel: +1.617.338.6050sales@aitegroup.com

End-to-End Encryption in Card Payments: An Introduction

Vendors perceive merchants to be as likely to purchase E2EE solutions to offload PCI DDS requirements as they are to secure card data.

Related Aite Group Research:

Card Fraud in the United States: The Case for Encryption

The Broken Promise of Anytime, Anywhere Card Payments: The Experience of the U.S. Cardholder Abroad

Card Data Security: In Search of a Technology Solution

Making Hay While the Rain Pours: Information Security Expert Perspectives on Financial Services

To purchase this report or

for additional information,

please contact:

Aite Group SalesTel: +1.617.338.6050sales@aitegroup.com

Visa Warns on Potentially Large Batch Settlement Fraud Scheme

Visa has received intelligence from a third-party entity indicating that a criminal group has plans to execute a large batch settlement fraud scheme.

The criminals claimed to have access to account numbers and the ability to submit a large batch settlement upload to occur over a weekend. Visa does not have any information as to when the

fraudulent settlement activity may occur. The criminals claim to have access to a merchant account placed with a bank in Eastern Europe.

Upon receipt of this notification from the third-party, Visa immediately implemented monitoring of large settlement activity for banks located in Eastern Europe. To date, Visa has not seen abnormal or large settlement activity. Visa is continuing to monitor and will alert any affected Visa clients of abnormal activity, if necessary.

Although the source of the information is reliable, the information that Visa has received coming forward so far is limited. Visa suspects that this scheme may be linked to a consortium of online merchants that have been trying to secure processing arrangements after being shut down at several acquirers across many geographies.

Risk Mitigation Strategy

To minimize the possibility of fraudulent settlement activity, Visa clients should, at a minimum, consider taking the following actions:

Implement monitoring for large or unusual settlement activity

Conduct monitoring daily, especially over weekends and long holidays

Review settlement and chargeback activity for high risk merchants and agents

Summary

In the event that Visa clients detect this type of fraudulent activity, immediate action must be taken to investigate, limit the exposure of cardholder data, notify Visa, report investigation findings, and inform your local FBI office or local law enforcement.

To notify Visa, please contact the appropriate regional office:

U.S.: (650) 432-2978 or usfraudcontrol@visa.com

Canada: (416) 860-3090 or canadaInvestigations@visa.com

Source: Company press release.

Visa Warns on Potentially Large Batch Settlement Fraud Scheme

Visa has received intelligence from a third-party entity indicating that a criminal group has plans to execute a large batch settlement fraud scheme.

Russia's Second Largest Bank Goes Live with FIS Core Banking Suite

VTB24, Russia’s Second Largest Retail Bank, Goes Live with FIS Profile Core Banking Suite

JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS™ (NYSE: FIS), one of the world’s largest providers of banking and payments technology, today announced that VTB24, the second largest retail bank in Russia, with US$24 billion in assets, 4.5 million clients and a network of almost 500 branches throughout the country, has gone live with the FIS Profile^® core banking suite.

“Deployment of effective technology is a key element in enabling VTB24 to deliver first-class banking services to current and prospective customers, encompassing high net worth individuals and those in the small business sector. FIS Profile will address the challenges of real-time availability, scalability and improved time to market.”

Over the next two to three years, VTB24 plans to not just increase its customer base significantly but also to develop strong long-term partner relationships with each individual client. FIS Profile is being rolled out through a phased programme, initially for the bank’s loan business, along with the Profile Direct Web-based front end for back office servicing. This will be followed by current account, deposit and credit line products, debit and credit cards.

Dmitry Rudenko, 1st Deputy President-Chairman of the Board of VTB24, explains: “VTB24 is one of the leaders of the national retail banking sector. For us it is vital to transform into a full-service credit institution, operating in all key segments of the Russian banking market.

“VTB24 is focused on expanding the range of products available to retail customers and improving the level of customer support. We want to position ourselves as a leading provider of reliable, customer-friendly banking services. Last year, for example, we increased our network of cash machines to over 4,000 and made more ATM services available, including automated cash deposits and loan repayment options.

“Deployment of effective technology is a key element in enabling VTB24 to deliver first-class banking services to current and prospective customers, encompassing high net worth individuals and those in the small business sector. FIS Profile will address the challenges of real-time availability, scalability and improved time to market.”

Mark Davey, executive vice president, FIS International business, commented: “We have been working closely with VTB24 to ensure a smooth transition from the bank’s systems to FIS Profile. This includes integration services to incorporate FIS Profile with the bank’s IT environment architecture, as well as localising the core system to suit the Russian market. We are also supporting production operations and branch roll-out in line with VTB24’s accelerating growth.

“FIS is proud to be a strategic provider of banking technology services to VTB24 – and this is a significant step towards consolidating our success in the highly demanding Russian banking market.”

About VTB24

VTB24 is one of the major players on the Russian banking services market. We are part of the international VTB Bank Group and focus on servicing of individuals, private businessmen and small businesses. We offer our customers basic bank products used in performing international financial transactions.

The services rendered include the issuance of bank cards, mortgage and consumer lending, auto lending, remote account management systems, grace period credit cards, time deposits, lease of safe deposit boxes and money transfers. VTB Bank OJSC is the major shareholder (98.93% shares) of VTB24. VTB24 acts under the General Licence No. 1623 issued by the Bank of Russia on July 13, 2000.

About FIS

FIS delivers banking and payments technologies to more than 14,000 financial institutions and businesses in over 100 countries worldwide. FIS provides financial institution core processing, and card issuer and transaction processing services, including the NYCE Network. FIS maintains processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor's (S&P) 500® Index and consistently holds a leading ranking in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS employs more than 30,000 on a global basis. FIS is listed on the New York Stock Exchange under the “FIS” ticker symbol. For more information about FIS see www.fisglobal.com.

Contacts

Russia's Second Largest Bank Goes Live with FIS Core Banking Suite

VTB24, Russia’s Second Largest Retail Bank, Goes Live with FIS Profile Core Banking Suite

“Deployment of effective technology is a key element in enabling VTB24 to deliver first-class banking services to current and prospective customers, encompassing high net worth individuals and those in the small business sector. FIS Profile will address the challenges of real-time availability, scalability and improved time to market.”

About VTB24

About FIS

Contacts

Discover® U.S. Spending Monitor Jumps 5.5 Points in April

Younger Consumers Lead Rebound in Confidence, Discretionary Spending Intentions Climb for Third Straight Month

RIVERWOODS, Ill.--(BUSINESS WIRE)--Consumer confidence rebounded in April, fueled by a distinct change of heart among 18- to 39-year-olds about the state of the U.S. economy, according to the Discover U.S. Spending Monitor.

“Consumers, especially those below the age of 40, are feeling better about the economy and less pessimistic about their finances”

The Monitor – a poll of 8,200 consumers that tracks consumer confidence and spending intentions on a daily basis – jumped 5.5 points in April to 91.5 (based out of 100), the highest the Monitor’s index has been since November 2007. Overall, 34 percent, the most ever, believe economic conditions are improving.

Confidence Climbs Among 18-to 39-Year-Olds

Forty-five percent of younger consumers rated the economy as poor, a decline of 13 points from the previous month. By comparison, older consumers who rated the economy as poor declined only three points. Other indicators:

The number of younger consumers who felt economic conditions were worsening declined 9 points to 40 percent.

Younger consumers showed the most improvement in terms of anticipated income shortfall: 40 percent said they expected an income shortfall in the month ahead, a 3-point decline from March.

Those consumers ages 18 to 39 who felt their personal finances were getting worse declined 6 points from the previous month to 40 percent.

26 percent felt their finances were getting better in April, which tracked higher than the average of 23 percent.

“Consumers, especially those below the age of 40, are feeling better about the economy and less pessimistic about their finances,” said Julie Loeger, senior vice president of brand and product management for Discover. “Hopefully, the growing economic and financial confidence of younger consumers continues, and ultimately helps improve the confidence among all Americans.”

Plans to Increase Discretionary Spending Rises for Third Straight Month, but Overall Spending Remains Flat

The more optimistic economic and financial attitudes were coupled with a continuing positive trend toward discretionary spending intent. For the third straight month, the Monitor reported an increase in the number of consumers planning to spend more on discretionary purchases, while an unchanged 57 percent of consumers are planning to keep their overall spending flat in the month ahead.

Overall, 11 percent of consumers said they would spend more on discretionary items, hitting double-digits for only the third time in 12 months. In April, consumers said they planned to increase spending in the following categories:

Home remodeling or new appliances (increased from 14 percent to 18 percent)

Vacations or furthering their education (increased from 12 percent to 16 percent)

Sporting events, restaurants or hobbies (increased from 8 percent to 11 percent)

Fewer Consumers Rate the Economy as Poor, but Less Than Half Have Money Remaining After Paying Monthly Bills

Half of consumers rated the economy as poor in April, a 7-point decrease from March.

A Monitor-high 23 percent of consumers felt their finances were getting better in April, 2 points higher than March. Overall, 44 percent felt their finances were getting worse, a 4-point decline from the previous month.

Despite rising consumer confidence, for the 13th straight month, consumers with money left after paying monthly bills were in the minority. But of the 46 percent who had money left over, 82 percent expect to have the same or more money remaining than the previous month after paying monthly expenses.

After hitting 39 percent in March, there was a 2-point decline to 37 percent in the number of consumers expecting an income shortfall in the month ahead.

For more Discover U.S. Spending Monitor survey data, charts and information, please visit www.discoverfinancial.com/surveys/spending.shtml.

About Discover U.S. Spending Monitor

The Discover^® U.S. Spending Monitor^SMis a monthly index of consumer spending intentions and capacity that is based on interviews with a random sample of 8,200 U.S. adults conducted at a rate of 275 per night. In addition to spending, the survey asks consumers their opinions on the U.S. economy and their personal finances. The Monitor began in May 2007 with a base index of 100. Surveys are conducted by Rasmussen Reports, an independent survey research firm (www.rasmussenreports.com).

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit www.discoverfinancial.com.

Contacts

Discover® U.S. Spending Monitor Jumps 5.5 Points in April

Younger Consumers Lead Rebound in Confidence, Discretionary Spending Intentions Climb for Third Straight Month

“Consumers, especially those below the age of 40, are feeling better about the economy and less pessimistic about their finances”

Confidence Climbs Among 18-to 39-Year-Olds

The number of younger consumers who felt economic conditions were worsening declined 9 points to 40 percent.

Younger consumers showed the most improvement in terms of anticipated income shortfall: 40 percent said they expected an income shortfall in the month ahead, a 3-point decline from March.

Those consumers ages 18 to 39 who felt their personal finances were getting worse declined 6 points from the previous month to 40 percent.

26 percent felt their finances were getting better in April, which tracked higher than the average of 23 percent.

Plans to Increase Discretionary Spending Rises for Third Straight Month, but Overall Spending Remains Flat

Home remodeling or new appliances (increased from 14 percent to 18 percent)

Vacations or furthering their education (increased from 12 percent to 16 percent)

Sporting events, restaurants or hobbies (increased from 8 percent to 11 percent)

Fewer Consumers Rate the Economy as Poor, but Less Than Half Have Money Remaining After Paying Monthly Bills

Half of consumers rated the economy as poor in April, a 7-point decrease from March.

After hitting 39 percent in March, there was a 2-point decline to 37 percent in the number of consumers expecting an income shortfall in the month ahead.

For more Discover U.S. Spending Monitor survey data, charts and information, please visit www.discoverfinancial.com/surveys/spending.shtml.

About Discover U.S. Spending Monitor

About Discover

Contacts

Tuesday, May 4, 2010

Take the Future Trends and the State of Mobile Finance Survey

Take the Future Trends and the State of Mobile Finance Survey

ATMmarketplace.com is conducting a survey about the future of mobile banking. The results of this survey will be included in the Future Trends and the State of Mobile Finance report, coming in the summer of 2010.

This brief survey should take less than 10 minutes to complete. Thanks in advance for your participation!

Take the Future Trends and the State of Mobile Finance Survey

Take the Future Trends and the State of Mobile Finance Survey

Wednesday, May 5, 2010

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VTB24, Russia’s Second Largest Retail Bank, Goes Live with FIS Profile Core Banking Suite

Contacts

VTB24, Russia’s Second Largest Retail Bank, Goes Live with FIS Profile Core Banking Suite

Contacts

Contacts

Contacts

Tuesday, May 4, 2010

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