There is outrage in Costa Rica after a Canadian-based payment processor has reportedly screwed over a dozen online gambling sites out of millions of dollars.
Many of the Costa Rican based Internet gambling businesses were utilizing Smart Banking Systems (SBS), represented by one Ben Waldman. (Editor's Note: I assume that it not the same Ben Waldman and SBS (Small Business Stick) who works at Microsoft)
"(Ben) Waldman provided the platform for another individual to screw everyone down here and their mother," said one angry operator. "He went through the whole crowd (of Costa Rican-based operators), then disappeared."
Smart Banking Systems bills itself as "Tomorrow's ATM and Credit Card Processing Technology Today" They claim to be an independent sales organization/merchant service provider involved in the placement of Automated Teller Machines (ATM's) in retail locations and in the processing of Merchant Point of Sale Card Transactions (Visa, MasterCard, Amex, Discover).
"I am owed several hundred thousand dollars from this scumbag," said one operator, who wished not to be identified. Two other operators have notified Gambling911.com of the business practices of Waldman, Chris Connor (an alias) and Smart Banking Systems.
"Please get the message out about these pariahs. Everyone reads Gambling911.com and needs to know."
Since passage of the Unlawful Internet Gaming Enforcement Act (UIGEA), the online gambling sector has had a tough time finding "reliable" processing companies in which to conduct business with.
Christopher Costigan, Gambling911.com Publisher
![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_utbVpv4QRJ0vVDKnMFQcUtuFwJk626354EyMXZ5mGHpRDjSMKqCcfuNJXcoX0dI7s7MUIoNU1KQrYWZVPswkVHJuQnxQvSFXMK0wfp1nhbIYmpxiiMWHFo1Faw9Dw5tHm3jAn0x04bMgrFwlwGyR4=s0-d)
Alipay Breaks 180M Registered User Mark
Alibaba Group's online payment subsidiary Alipay has recorded 185 million registered users, and its total transactions exceed more than RMB 700 million per day, reports 163.com quoting Alipay President Shao Xiaofeng on Wednesday. Alipay had recorded 150 million registered users, including 460,000 corporate users, by end of February.
The Abu Dhabi government estimates that its commercial transactions conducted online are to climb from 9 percent in 2009 to 35 percent in 2012, the online publication business24-7.ae reports.
Abu Dhabi is looking at doubling its online revenues to more than Dh40 million by the end of this year as the UAE capital embarks on a more aggressive marketing campaign, a senior government official said.
The Abu Dhabi Government aims that 35 per cent of its commercial transactions would be made via online by 2012. Currently, only nine per cent of the transactions are done via e-services.
"Last year, we had 9,000 transactions representing six per cent of the total commercial transactions. Although it's only six per cent we were nevertheless able to make Dh20m as income, which goes to the government," Abdalrhman Saif Al Khader, Head of Online Services Section at the Abu Dhabi Department of Economic Development told Emirates Business on the sidelines of the 15th GCC eGovernment and eServices
Forum.
He said the government is now looking at increasing the coverage to 14 per cent, which will in turn see more than Dh40m in revenues. Currently the coverage has risen to nine per cent from 6 per cent last year.
"The first two years are the most difficult, especially because most of the people are still not aware and some are
hesitant to use credit cards via online transactions. But we will meet the 35 per cent target by 2012," Al Khader said.
Source: http://www.business24-7.ae
![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vC5oMsmD7EiUrjd4LNL6LIJMl_YstKnZucH-ReOhWVOONDrIveSaXEueLeekaRrQFXJathRn1uygvh90NsJSpS3W9LfIv0vDIdmD7b3ZplLq8dHYU8aVDr8J55yw0rGH5A_GhBEbpIOoe63R9gqHo=s0-d)
IAPP - International Association of Privacy Professionals - Carr gets to heart of itHeartland Payment Systems CEO discusses breach, previews speech
Not a week had passed after the announcement of what some have described as the largest data breach ever, when the CEO of Heartland Payment Systems, Robert Carr, began calling for better industry cooperation and new efforts directed at preventing future breaches.
Recently, Carr announced that trials will begin late this summer on an end end-to-end encryption system Heartland is developing with technology partners. It is expected to be the first system of its kind in the U.S. The company is also pushing for an end-to-end encryption standard.
At the upcoming Practical Privacy Series in Silicon Valley, Carr will discuss the Heartland breach and the role industry, including privacy professionals, must play to prevent future breaches.
Here’s a preview:
IAPP: Many companies have experienced breaches. What made yours different?
Ours was different because we are a processor and had passed six years of PCI audits with no problems found. Yet, within days of the most recent audit, the damage had begun.
IAPP: Did you have a chief privacy office or a privacy professional on staff before your breach? Do you now?
Ironically, when we learned of the Hannaford’s breach, we hired a Chief Security Officer who started just three weeks before the breach began.
IAPP: In the era of mandatory breach reporting, what is the trajectory of consumer reaction?
As a processor it is difficult to really know this. Our customers are merchants who accept card payments.
IAPP: Do you think consumers will become numb to breach notices?
I believe that many are numb to so many intrusion notices.
IAPP: Are breach notices good public policy? Do the notices provide an incentive for companies to change or improve practices?
I don’t think so. Nobody wants to get breached and the damage caused by a breach is sufficient reason for most of us to do everything we can to prevent them.
IAPP: What has Heartland done differently since the breach?
We have added multiple layers of additional security, helped form the Payment Processors Information Sharing Council and ramped up our timetable to deploy the industry’s first TRSM encryption processing network.
IAPP: You will deliver a keynote at the IAPP Practical Privacy Series event in California next month. Can you give us a preview of your remarks?
I am going to discuss our breach and what we have done and are doing to help others prevent breaches to their own systems.
PayLeap, an innovative online payment processing service, introduces its newly redesigned website--PayLeap.com. The new site reflects the company's commitment to finding the best way to serve its clients.
(PRWEB) -- PayLeap, a new and innovative way to process payments online, would like to formally introduce its newly designed website, PayLeap.com. The company is dedicated to serving its potential and current clients with the highest level of support, and the new website was designed with that philosophy in mind. Its enhanced usability is a direct reflection of the quality of the PayLeap payment solution and the company's high standards for customer service.
On the new site, users will find an intuitive navigation and clear design. Visitors are immediately directed, through color, design and content, to their area that will serve their needs best. Merchants, resellers and developers each have a dedicated section, just to provide topical information regarding the benefits of the PayLeap solution for their use. Along with a new online presence, the company also introduces a new logo, slogan and brand identity, brought to the consumer to better represent the customer-oriented philosophy of the company.
PayLeap lowers overhead processing costs and simplifies integration and billing by bundling the merchant account and payment gateway for brick-and-mortar and online merchants. Priding itself on service, the PayLeap 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.
###
Trackback URL: http://www.prweb.com/pingpr.php/U3F1YS1GYWx1LUhvcnItTG92ZS1IYWxmLUNvdXAtWmVybw==
See the original story at: http://www.prweb.com/releases/2009/05/prweb2464724.htm
![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_t7u7rSERjXy5jwzjjaOkWzzV-Uc3fl_pmlCLs52uEL7XZfafybS6vbTDRvtt9OIgGH4--TwFDR0nu8e3ru-vq97Ztx7SD7UFGGXYgdxjTFowoZRs8cBDZu1dG_UKW0fzOZ6PssEuZfq55BSkdYnB8b=s0-d)
From Check Fraud to Phishing, All the Old Tricks are Back with a Vengeance
June 1, 2009 - Linda McGlasson, Managing Editor
Bank fraud has evolved over the last several years (See: Fraud Update: The 13 Hottest Schemes You Need to Prevent), but some classic variations keep financial institutions busy.
Here are six old fraud tricks that are back with new twists to bedevil fraud departments and information security professionals.
#1. Check Fraud
Since 1997, the number of fraud attempts against bank accounts has doubled every two years. Ever since the desktop publishing era began with color copiers and computer scanners, counterfeit checks have become harder to detect, which is reinforced in the number of checks the New York crime group spread among the various banks in the city over a two-year period. Banks routinely process more than 10 billion checks each year, says a 2007 Federal Reserve payments study.
#2. Elderly and Immigrant Identity Fraud
#3. ATM Fraud/Skimming
This type of fraud made it into President Barack Obama's speech announcing his cybersecurity initiative, when he said "thieves used stolen credit card information to steal millions of dollars from 130 ATM machines in 49 cities around the world -- and they did it in just 30 minutes." The big question is: Can it happen at your institution? The answer is seen in the numbers from a Pulse EFT study (Pulse is one of the leading ATM/debit networks in the U.S.) -- the banking industry lost $662 million to debit card fraud in 2005. Of these losses, 60 percent resulted from ATM transactions, 37 percent from signature transactions, 37 percent from signature debit transactions and 3 percent from PIN point-of-sale (POS) transactions.
While the same Pulse study done in 2007 doesn't give a total loss due to debit card fraud, it does say that is higher than in 2005. Survey participants said they lost 5.40 basis points (0.054 percent) per dollar spent through signature debit transactions in 2007 and 1.09 basis points (.0109 percent) through PIN debit transactions. All of the 62 financial institutions surveyed in the 2007 Pulse study had debit cards potentially compromised in skimmers, and more than 80 percent of those surveyed reported implementing new fraud tools within the past year.
Even with the new fraud tools, stopping criminals from placing skimmers on your institution's ATMs require vigilance and monitoring by your employees.
#4. Phishing
#5. Vishing
#6. Insider Threat
![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_t-wZb1zZKcZ2arSKGK5o1VXYUJUzoBSkBbQN_IiHcDgx4srvZ_Ufb3dnRFOF7aNvnD7NFeCdbLOtqT6s1sKLPEUO5qRgY3RMR2iB7B3i0w7UGORwpHQYcj0EBztHFpG4PHlX90jXw_BYIqWoa24Tky=s0-d)
![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uYBH0Hl7gSG2i7NLZAh_YcbGqXZ0mxvkuELbud9bDdKqY86qH3C6ickKuuWdQE3KiZSORNysX-XP9q0tWi6oxZSYMv6hibhgecZ2hIoLlDBXehQbH1tc6PswJDbyHhb8R3bBnBV7F64ydZ-c1QV2_0=s0-d)
Credit Cards' Unintended Security Hole - CBS NewsCredit Cards' Unintended Security Hole
Retail Realities: Why Zero Liability Programs Are a Wonderfully Early Holiday Gift to Cyber Thieves Everywhere
Editor's Note: First of all, I call it "Zero Lie Ability." because the truth is that signature debit vs. pin debit brings "nothing to the table, yet Visa pushes it over the more secure 2FA PIN debit system. Lie Ability also has the dual meaning that the banks have "no clue" (zero) on how Visa fooled them into agreeing to partake in this so-called "zero liability" program...the one that pushes the "LIE" in order to provide Visa with the "ABILITY" to make more profits. It doesn't take a rocket scientist to PIN down the fact that Visa's "Signature" product, given the two choices (PIN or SIG) is the less secure of the two.
I'll expand further on Tuesday. For now, here's Evan Schuman's rant...which by the way...contains zero lies!
(CBS) This column was written by Evan Schuman, the editor of StorefrontBacktalk.com, a site that tracks retail technology, e-Commerce and security issues. He can be reached by e-mail and on Twitter.
In one of the most delicious ironies in retail today, the single most significant element that makes it easier for cyber thieves to steal consumer credit and debit card information from retailers is something the credit card companies themselves cooked up.
To be fair, this unintended consequence is a domino effect, where the innocuous-seeming program has set off a series of chain reactions that, today, makes credit and debit card breaches a lot more likely and more lucrative for the thieves. The program is called zero liability and it was initiated by some of the major credit card players many years ago to try and make consumers more comfortable making purchases online. The premise is that any fraudulent purchases will not have to be paid for by the consumer. Some banks have spoken of no liability beyond $50, but in operation, almost all banks cover all of the charges.
The program worked wonderfully and consumers quickly did become comfortable making E-Commerce purchases. But as identity theft and straight-out stealing from credit cards became much more common, large retailers became popular targets. The onus was on the retailers-not the banks-to pay millions of dollars to install and manage sophisticated security programs. But these costs were almost impossible to justify. After all, no chain was going to advertise: "We just installed state-of-the-art firewalls and encryption systems. Come shop with us." And the risk of being breached seemed too remote to make a compelling argument to a board of directors.
Then came the retail world's wakeup moment. (Continue Reading...but first...an Editor's Note)Editor's Note: When will the e-tail world "wakeup?" AFTER or BEFORE the next big breach? Look for Tuesday's PIN Payments News Blog for an analysis of why an e-Breach is inevitable...unless online shoppers swipe instead of type. I've long said, that if cardholders data is going to be swiped, should it not be the cardholder doing the SwipePIN?
BTW: It's ironic that this story was run on CBS, because there's a lot of BS that I C. involving e-payment security on the web. (includinig BSMS) When it comes to asking who "nose" this more than anyone, the engineering team at HomeATM has been conscious of this fact for years. So what is Visa doing? Jiminy Cricket! Where's the conscience?
![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_t7M_pRQfCjwPsY3yNsVkDv_4blOaSUSax4YTQXzYJzuzWB5SGfwr0Sz2s1SAIRCXV--Cn6Ugnw8CdHIuHNbrlTgTAw5FPTn0GkLuvQIUA8i1xKbayxKkaSoIbVd1skkGx_PIfP7ggHAFjSBexfkKQ7=s0-d)
'A penny times billions adds up'Trade group (NACS) representing convenience stores and grocers upset with recent credit card fee increase
BY BILL FREEHLING
Date published: 5/29/2009
An association of retailers is upset about a recent fee increase charged to merchants each time a customer uses a credit card to pay.The National Association of Convenience Stores calls last month's usage-fee increases by Visa and MasterCard "beyond outrageous." The fees, which took effect April 17, increase a merchant's per-charge transaction cost by more than a penny. Merchants are now charged about 2 cents per transaction on usage fees, which are in addition to other costs.
"A penny may not seem like much, but a penny times billions adds up quick," said NACS spokesman Jeff Lenard. "And when business costs go up, they get passed along to consumers, so we are all the losers."
MasterCard spokesman Chris Monteiro declined to comment on the pricing adjustments but noted that "every business establishes a price for the goods and services it provides, and the electronic payments industry is no exception.
Continue Reading
In related news, the NACS also ran an editorial on their website complaining that Interchange Fees need to be regulated or the benefits to the recent Credit Card Bill of Right will be badly affected:
Editorial: Merchants Need Interchange Reform
Unless interchange fees are regulated, the benefits to consumers of recent credit card reform will be sharply reduced
MINNEAPOLIS, MN – An editorial in the Minneapolis Star-Tribune
welcomed the passage of the Credit Cardholders’ Bill of Rights as one
protecting cardholders, although the bill failed to address interchange
fees.The editorial urged Congress or courts to act and
eliminate interchange fees, costs that total $45 billion annually. The
authors, Craig Wildfang and Mark Williams, recommended the following:
- Congress should regulate interchange fees, those charged to
merchants by card-issuing banks. Collectively, the fees total $45
billion annually and are rising.- U.S. interchange fees are among the world’s highest and are
not supported by commensurately higher costs to banks or card networks.
In fact, the costs of running computer hardware and software — “the
principal costs of running a payment card network” — have been
decreasing.- Interchange fees are essentially a privately enacted sales
tax by the country’s largest banks (creators of Visa and MasterCard),
“except that the revenue goes to the country’s largest banks, not to
the government.” No controls have been in place to regulate these
“fixing of prices to merchants” by the banks. Indeed, “the five largest
card-issuing banks account for 80 percent of all cards.”- Other countries have contested interchange fees, including
Australia and the European Union. In those cases, authorities lowered
or eliminated the fees.- Canada’s Interac debit network, as well as other foreign debit card networks, voluntarily do not charge interchange fees.
Wildfang and Williams summarized that eliminating the $45
billion interchange fee would provide an immediate stimulus to the
economy. And noting that Citibank and Bank of America have accepted
hundreds of billions of dollars of taxpayer funds to endure the current
financial crisis, a reciprocal gesture is especially merited. Without
doing so, the benefits of the Cardholders’ Bill of Rights are sharply
reduced. And if Congress fails to act, merchants will turn to the
courts to seek relief.
In an article written by Kevin M. Nixon, he muses as towhether Melissa Hathway is the next Cybercrime Czar...Melissa Hathaway, Cybersecurity Chief at the National Security Council, discusses securing our nation’s digital future:
Published: FRI, MAY 29, 10:00 AM EST — The White House Blog
The globally-interconnected digitalinformation and communications infrastructure known as cyberspaceunderpins almost every facet of modern society and provides criticalsupport for the U.S. economy, civil infrastructure, public safety andnational security.
The United States is one of theglobal leaders on embedding technology into our daily lives and thistechnology adoption has transformed the global economy and connectedpeople in ways never imagined.
My boys are 8 and 9 and use theInternet daily to do homework, blog with their friends and teacher, andemail their mom; it is second nature to them.
My mom and dad can read thenewspapers about their daughter on-line and can reach me anywhere inthe world from their cell phone to mine. And people all over the worldcan post and watch videos and read our blogs within minutes ofcompletion. I can’t imagine my world without this connectivity and Iwould bet that you cannot either. Now consider that the same networksthat provide this connectively also increasingly help control ourcritical infrastructure.
These networks deliver power andwater to our households and businesses, they enable us to access ourbank accounts from almost any city in the world, and they aretransforming the way our doctors provide healthcare. For all of thesereasons, we need a safe Internet with a strong network infrastructureand we as a nation need to take prompt action to protect cyberspace forwhat we use it for today and will need in the future.
Protecting cyberspace requiresstrong vision and leadership and will require changes in policy,technology, education, and perhaps law. The 60-day cyberspace policy review summarizesour conclusions and outlines the beginning of a way forward in buildinga reliable, resilient, trustworthy digital infrastructure for thefuture.
There are opportunities foreveryone–individuals, academia, industry, and governments–to contributetoward this vision. During the review we engaged in more than 40meetings and received and read more than 100 papersthat informed our recommendations. As you will see in our reviewthere is a lot of work for us to do together and an ambitious actionplan to accomplish our goals.
It must begin with a national dialogue on cybersecurity and we should start with our family, friends, and colleagues.
We are late in addressing thiscritical national need and our response must be focused, aggressive,and well-resourced. We have garnered great momentum in the last fewmonths, and the vision developed in our review is based on theimportant input we received from industry, academia, the civilliberties and privacy communities, others in the Executive Branch,State governments, Congress, and our international partners. We nowhave a strong and common view of what is needed to achieve change.
Ensuring that cyberspace issufficiently resilient and trustworthy to support U.S. goals ofeconomic growth, civil liberties and privacy protections, nationalsecurity, and the continued advancement of democratic institutionsrequires making cybersecurity a national priority.
![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_szNCln_mbaMyoicH0s_zCByRYbzL_BGNjMYFiN_1Bnqdrqx4i6pbD7HMJEEdV2xIPvVFqEcdUrPFCs5XaA_v-IEeDmQBqB_Z5aXGRs04UF31hSI5wJMMtgqrL_BgtZvQtM3_ROZOLBFlW_w8XoySBA=s0-d)
[ Johannesburg, 29 May 2009 ] - In today's trying economic climate, it is becoming clear that every organization in every industry sector, be it financial, retail or telecommunications, is a target for cyber criminals. If they conduct banking online or host customer and supplier information, businesses must ensure they have proper security measures in place not to fall victim to these crimes.
This is according to Costin Raiu, Chief Security Expert at Kaspersky Lab, EEMEA, addressing delegates at ITWeb's 4th Annual IT Security Summit 2009 in South Africa this week.
The conference provided information security professionals and IT managers with the most up-to-date information, tools, trends, legislation and strategies to address information security issues.
“Cybercrime accounts for billions of dollars in terms of losses annually and the criminals are becoming more professional in developing technologies designed to counteract traditional anti-virus solutions every day. It is not so much an issue of computer malware, but the countless vulnerabilities in operating systems as well as the installed software applications that make it very hard to run secure computer systems,” he says.
Raiu says contributing factors that lead to the flourishing of premeditated online crime is the evolution of malicious code from viruses to Trojan horse attacks, designed to steal personal information for financial gain.“Online payment systems and online banking systems often make use of simplistic authentication technologies, and hackers use keystroke loggers, password-stealing Trojans and social engineering to gain access to accounts which are later emptied of funds.“Even systems that use complicated multi-factor authentication techniques are at risk with the introduction of specialised Trojan horses, which are able to intercept transfers on-the-fly and replace the destination account with the attacker's account or highjack an online banking session,” he says.“At the same time, banking institutions that offer financial services online must use a blended approach to security, using two-factor authentication methods that rely on external devices to ensure that user accounts are not compromised,” he says.
In his closing comments, Raiu said businesses have to begin to realize that the IT security threat is not going to go away. The protection against such risks, he says, must be international priority, involving various industry experts and associations to guard against these financial risks.
![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vrwpNsEudLcGl8CC2mC-loC0N10uofyxmfEL9aiXAzT8JhPltFCIJBKPqyk59G3BJhxSkYZgD0NaLpd-LnI83r3z_lwqhwAQhQ7xsGVN6mqRzm72tzeni1WPl2oGsS3E8Nq5XbLgnggWxcimBdkwgd=s0-d)
Thieves make ATM withdrawal
By JOHN LATIMER
Staff Writer | Lebanon Daily News
Thieves entered a Lebanon laundromat early yesterday, muscled loose removed an ATM machine that was bolted to the floor and made off with it.
Security tapes at A&S Laundromat, 230 E. Cumberland St., show two men in dark, hooded sweatshirts entering the side door of the store about 2:10 a.m. It took them just 90 seconds to shake the 400-pound machine hard enough that its four bolts broke loose from the tile floor, slide it across the floor and out the back door.
Germany Online: Europe's Biggest E-Commerce Market Comes of Age![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sWkXPrp8ihUPjOxTU1tLGXQfenqH-tr46RQ1EllM9p8RI8I0MLyW9pJwtOTauXHrOlvw1q0tyfidbMyOpLDotNwdFuftHEYs2YX3NLFTSlyBxr5_SDxi4j7sJp5ZBGJy1Bd3HO6jDk3Aoy56MMF1CG=s0-d)
![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uFYFfRTIeeRoDh7m7VymM2fYMOqqPouky6eAYMwk-VuIR5d5jhVZrO5jGRh9ahWkPHFuxqgwX4srW-YOkcD58WcZlZLuldyPgY_y3SGRlOJJPq84HkpOdx87D67faAL6fCh05YVHYnmvHiG-H7jw9J=s0-d)
Both Sides of the Mouth’ Security Analysis
May 27, 2009 by ADMIN · Comment
By John B. Frank, Marketing Strategist with HomeATM ePayment Solutions
It was nice that Javelin Strategy and Research took the time to write about HomeATM in their analysis of Finovate Startup09, but I’m a little confused about something they say in their report.
Maybe a reader might be able to clarify what they mean, because right now I’ve got a kindova BSMS (Both Sides of the Mouth Syndrome) taste in my - for lack of a better word - mouth.
Why do I say BSMS?
Well, in the first portion of Javelin’s analysis of HomeATM, they say that our Safe-T-PIN device provides (the more secure) card present (vs. the less secure card not present) credit card transaction, and the even more secure PIN Debit transaction.
Here’s their quote:
Launched in April 2009, P2P Safe-T-PIN offers home-based “card present” credit card and PIN debit transactions online using a PCI-certified device attached to a personal computer through a USB port.
Users also could make online purchases by swiping their credit card or debit card and PIN at checkout. The device allows for secure real-time money movement with an option for delayed transactions.
Then, after stating that, the next thing they say is:
There is greater potential for HomeATM as a frequent high-value P2P solution such as a Western Union money transfer than for enabling e-commerce. Many consumers may be hesitant to swipe their ATM cards on hardware attached to their computer because of security concerns.
Therein lies my confusion.First they state that our PCI certified device allows for “Card Present” and “Online PIN Debit” transactions, along with the statement that our device ALLOWS SECURE REAL TIME MONEY MOVEMENT, and then in their next breath they say that many consumers may be hesitant to use that very same PCI 2.0 Certified PIN Entry Device because of security concerns?
Did they possibly mean to imply that many consumers may be hesitant to swipe their ATM cards on hardware attached to their computer because they don’t want “improved” security?
Someone help me out here! I’m not being sarcastic. I’m being serious. Okay, I admit…I’m being totally sarcastic. But there’s good reason; in fact 117 good reasons. You may have noticed when you first visited the HomeATM site, there was a popup that appeared asking if you would please partake in our survey.
Well, I started the survey yesterday and already have 117 responses, and it doesn’t appear to me that very many consumers may be hesitant to swipe their ATM (or debit or credit) cards on hardware attached to their computer. In fact, 117 said they would prefer to Swipe their Card and 117 said they would prefer NOT to Type in a Username/Password.
Click below to enlarge and read two questions pertaining to whether individuals would prefer to Type or Swipe their Card information at a merchant website or Online bank:The analysis did go on to say that two of the “differentiators” enjoyed by HomeATM is that we provide “end to end encryption” and our device is PCI certified, so I’m still left confused by what they meant about many consumers being hesitant because of security concerns… chime in if you know!HomeATM Differentiators:• A HomeATM Mobile device will be available for mobile phones with Web access, allowing transactions on the go
• PCI-certified device
• Hardware-based end-to-end encryption
• 100% acceptance with all bank cards
Author’s Note: Plus our PCI 2.0 Certified PED also “encrypts” the Track 2 data and utilizes DUKPT key management as an additional layer of security.HomeATM’s Engineering Team Designed and Manufactures the World’s FIRST and ONLY PCI 2.0 PIN Entry Device Specifically Designed for eCommerce. Our device provides “Card Present” rates on credit cards and “True PIN Debit” Interchange on debit cards as well as secure 2FA authentication for online banking sites and live, “real-time” money transfer from P2P, B2B, B2P, P2B and mobile.To learn more about our product’s and services click here or email us at: info@homeatm.net
Stay Informed With RSS Feeds or Email Alerts Here:
![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_ubBvsyPVBQluT_WxPi6Z1s0am1Q-s-clTybuYCB8-kQ7SWRWIJ6ta7GM6EsCpvQkiLK65B0GDW61fygIYOtG62I4iU7FNJbuk1FYejl4AcG0Ma6OOETmZ64Q1gspuxJ-EI83Q6NnFYks1jVokElN08=s0-d)
