Monday, 21 February 2011
Oberthur Technologies helps SECU Bring First EMV Card Chip Technology in USA
State Employees' Credit Union (SECU) of USA has introduced EMV (chip) technology to its debit card portfolio, making it one of the first financial institutions in the country to add the microchips for increased transaction security over traditional magnetic stripe cards.
Oberthur Technologies will provide the non-profit cooperative with the technology needed for its EMV migration. While there is widespread adoption of the new technology worldwide, virtually none of the more than one billion chip cards in circulation, are in the United States. SECU's 1.6 million debit cardholders are believed to lead the US migration process. SECU will begin its migration in March, with a completion target date for late 2011.
UK Council Sent Benefit Details to Wrong Recipients
The Isle of Anglesey County Council breached the Data Protection Act after sending benefit details to the wrong recipients, the Information Commissioner's Office (ICO) said last Friday.
The ICO was first made aware of the breach in November 2010 when the council reported that a contractor had mistakenly sent letters to the wrong individuals. The letters included financial information about benefit entitlement, income and savings. The ICO's investigation found that the council had no written contract in place with the service provider to explain how personal data should have been handled in line with the council's existing policies and procedures.
The authority has contacted the individuals who were involved in the mix up and will put in place contracts with all of the organisations who handle personal information on their behalf.
Infineon Receives Innovation Award of German Industry for Security Technology "Integrity Guard"
At the Innovation Award of German Industry 2010 held at the Congress Centre in Frankfurt, on Saturday, February 19, 2011. Infineon Technologies received the Innovation Award for the best technological innovation for "Integrity Guard".
Infineon developed the security technology "Integrity Guard" to deliver an especially high level of long-lasting protection for sensitive data in applications such as credit cards and electronic government identification documents, e.g. passports or ID cards. Conventional security chips will soon no longer live up to the demands of these applications. While they store data in encrypted form, the data is decrypted for processing and that exposes it to hacker attacks. With "Integrity Guard" sensitive information remains encrypted during transmission and processing. Even if data might be intercepted, the encrypted signals are of no use to eavesdropping hackers.
In addition to full on-chip encryption along the entire data path (CPUs, EEPROM, Flash, ROM and RAM, caches and buses), Infineon's security chips with "Integrity Guard" have two central processing units (CPUs) and a sophisticated error detection system. The two CPUs cross-check each other continuously and detect whether arithmetic operations are executed correctly or an attack has been launched. If the security controller detects an error or an attempted attack, protective action is taken. The respective operation is aborted, for example.
"Innovation is and has to be our DNA. Without chips there will be no progress, no electric cars, no smart grids and no security in the digital world," said Peter Bauer, CEO of Infineon Technologies AG. "Innovation is the product of engineering ingenuity and innovation culture. This prestigious innovation award shows that Infineon has both. It confirms the innovation performance of our engineers to whom I extend my warm thanks."
Blue Bamboo Announce New Mobile Bluetooth Receipt Printer
Blue Bamboo announces the mobile Bluetooth P25-M Printer certified with MFi (Made for iPhone/iPad/iPod program).
The Bluetooth P25-M Printer is now in final testing and approval of the MFi program to work with Apple devices for Bluetooth connectivity. Bluetooth connectivity brings the benefits of wirelessly passing secure and encrypted magnetic stripe card data from the printer to Apple devices.
Blue Bamboo's Bluetooth P25-M mobile solution combines printing and magnetic card swiping capability in a compact mobile device with secure data protection. Cardholder data is protected during card swipe to Apple devices via Bluetooth. By extending the financial industry's proven key management technology to the Bluetooth wireless P25-M Printer, an MFi authorised partner can enable end to end encryption and ensure sensitive cardholder data is never exposed through wireless data transmission. P25-M configurations are ideally suited to the needs of mobile sales and service, transportation and livery, and food delivery and hospitality.
"Merchants demand payment products that not only expedite the secure transmission of vital transaction data, but also serve as a platform to deliver value-added services to customers," said Justin Anderson, CMO, Blue Bamboo Corporation. "With our P25-M mobile payment system, we introduce the second in a series of products that works with iPhone, iPad and iPod, include our industry-leading security, deliver the latest features and technology for the lowest total cost of ownership, and thus will enable merchants to deliver new services to their customers today and well into the future."
Blue Bamboo will continue to offer the easy and inexpensive option of private labelling the P25-M to solution providers, POS equipment manufacturers, distributors, and resellers for ISO's.
The P25-M will be processing mobile payments worldwide in the spring and summer of 2011.
Tesco to Accept Wave and Pay Cards
Tesco has begun trials of contactless payment cards that allow people to pay for transactions less than 15-pounds by simply waving their debit or credit cards at a scanner. A spokesman said the supermarket giant had been trialling the technology since December 2010.
It is thought Royal Bank of Scotland and payment processing group WorldPay are providing the technology. Tesco's rival chain the Co-op is also planning to introduce contactless payment terminals throughout its 3,000 stores before the end of this year.
Wave and Pay Cards include a radio frequency identification chip that stores information into the cards. According to WorldPay, these types of transactions normally take less than a second to complete. WorldPay also believes that contactless transactions will cost retailers less than payments made via conventional chip-and-pin cards.
Aside from Tesco and Co-op supermarkets and pharmacies, contactless cards can be used in branches of Boots and sandwich chains Pret-a-Manger and EAT. There are currently 27,000 "wave-and-pay" terminals around the UK and banks hope 25 million will be in use by next year.
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