Tuesday, 22 February 2011
Inteligensa USA Launches the i-Pin
Inteligensa USA launches 'i-Pin', a smart card that calculates dynamic PIN keys to fight identity theft in online banking and payment transactions. i-Pin is a high security token in a credit card format.
Online identity theft is a major concern for bank customers that use the Internet for banking transactions and credit and debit card on-line payments. During 2010 75% of U.S. banks suffered from attacks related to identity theft.
Current systems only require fixed account and customer information plus a customer defined PIN number. Sophisticated methods employed by hackers detect this information which may be used to conduct fraudulent transactions.
German Mobile Operators Plan New Payment Scheme Using NFC Phones
Three major German mobile operators - Deutsche Telekom, Vodafone Germany and Telefonica O2 Germany, plan to launch their own payment scheme in order to expand their small internet payment service, mpass, to shops and restaurants using NFC phones, a source told NFC Times.
If they implement their plan, the companies would attempt to bypass German banks and established card networks, such as Visa and MasterCard, with a new retail payment brand. They would use their own banking or e-money licence, said the source, who is involved in the project. Germany's fourth major telco, E-Plus, owned by Dutch telco group KPN, also might join, as well.
Deutsche Telekom is rolling out an NFC-based Mobile Wallet program in Germany and three of its other major European markets, Poland, the Netherlands and the Czech Republic. The telecommunication group announced the program at the 2011 Mobile World Congress held in Barcelona.
Now, Vodafone and Telefonica O2 who have earlier launched the mpass internet payment service have teamed with Deutsche Telekom to expand its service to the physical point of sale.
US Hospital Deploys Gemalto Strong Authentication Solutions to Protect Network Data
Gemalto announced that the Seattle Children's Hospital has implemented Gemalto's Protiva security solutions, including the Strong Authentication Server, two factor authentication devices and technical support services, to securely access its servers, networks and VPNs. Seattle Children's Hospital, ranked one of the best children's hospitals in the country by U.S. News and World Report. It will equip 4,500 clinicians and IT administrators with Gemalto's convenient portable multifactor authentication capability.
Gemalto's Protiva .NET solution will leverage the intrinsic "plug and play" capabilities of the hospital's existing Microsoft infrastructure. It included the flexibility to deploy three types of .NET devices provisioned and managed through Protiva Strong Authentication Server - the .NET USB key, the .NET Dual token, and the Easy OTP token, effectively replacing all legacy tokens.
Using the Protiva suite, hospital staff with the help of two factor strong authentication can access the hospital network quite easily. They can use either one-time passwords or public key infrastructure (PKI) as the underlying authentication technology, and offers digital signature capabilities.
FAST Backs UK Government to Tackle 21 Billion-Pound IP Theft
The Federation Against Software Theft (FAST) has welcomed the UK government's proposal to set up a central hub for the country firms to report cyber fraud. The recommendation from the Office of Cyber Security (OCS) follows the first government-backed study, which reports that cyber crime costs the British economy approximately 27 billion-pound a year.
FAST's chief executive, John Lovelock, warned that while a truly accurate figure for cyber crime losses could only come from a centralised reporting hub, the OCS figures are an alarm call for government and businesses to focus on tackling a problem that costs the UK economy billions each year.
Intellectual Property (IP) theft has the greatest economic impact of any type of cyber crime, about 9.2 billion-pound a year, with the report highlighting the hardest hit industries as pharmaceutical, biotechnology, electronic, chemical and IT sectors.
The report from the OCS and Detica stated that the average UK business is losing 10,000-pound a year because of cyber espionage, extortion and other forms of online fraud. With 2.1 million UK firms registered for VAT this gives a loss per firm of 10,000-pound. The OCS also estimates that the UK government loses 2.2 billion-pound due to cyber crime.
This number is based on total tax and benefit fraud in the UK combined with an estimate of how many of these are due to "criminal attacks". The OCS treated all these attacks as cyber crimes "due in the main to the volume of transactions now conducted online".
Metcard Offers To Replace Myki
Vix Technology, which successfully manages the technology for Metcard and numerous international transport ticketing systems, has offered the Victorian government a replacement for Myki.
The offer was made last week to transport minister Terry Mulder and senior bureaucrats in the departments of Transport, Treasury and Premier and Cabinet. Vix Technology is offering to replace the Myki system and extend the extremely successful, popular and reliable Metcard system through Victoria's bus, tram and train services while its smartcard system is introduced.
"We will save the government more than $100 million and eliminate any financial risk for the government in a changeover of systems. For the government and taxpayers we offer a cost effective system with no up front costs", said Steve Gallagher, CEO of Vix Technology.
Steve Gallagher continued: "All this will be undertaken in consultation with the government, the various transport providers and the transport users association."
The roll out would begin within six months and completed within 12-18 months.
Logica and FleetCor Technologies Sign 300 million-Euro Deal
Logica partnering with FleetCor Technologies Inc. announced that they have won a 10-year, 300 million-Euro contract to support Shell's Commercial Fleet fuel cards programme in Europe and Asia.
Logica, as the prime contractor to Shell, will join FleetCor to provide the technology platform and underlying business processes to run Shell's fuel card portfolio. FleetCor's Global FleetNet (GFN) card processing platform will be used to develop Shell's customer offering.
Logica will run Shell's existing system and replace it with a new system built around GFN. The first pilot is due to be completed by April 2012 with the full roll-out completed by end of 2013.
Thereafter, Logica will operate and run the system in conjunction with FleetCor as a managed service on behalf of Shell. The new system will enable Shell to realise additional growth via rapid innovation in the operation of the card processing platform along with other business improvements.
Shell is one of the world's leading fuel card issuers. The project will run across 35 countries in Europe and Asia and will lead to better service and faster time to market of innovation and system enhancements.
John Rasmussen, Vice President of Commercial Fleet at Shell, said, "Fuel cards are an essential element in helping to drive growth in our retail operations and we are delighted to sign this agreement with Logica/ FleetCor, each of whom bring specialist and complementary skills to the partnership. The technology and services that underpin our cards business are critical success factors and this agreement will allow us to increase the quality of our delivery, while at the same time operating in a more efficient and integrated way. Ultimately it will enhance our ability to continue to exceed our customers' expectations."
Level Four Releases Next Generation Automated ATM Testing Software
Level Four has released its next generation industry-leading automated ATM software testing solutions. The updates to Level Four's BRIDGE:test, Regression Test Manager (RTM) and ATM Developer products enable banks to create and run a greater number of tests more rapidly, therefore maintaining higher levels of ATM uptime for consumers while reducing the time and cost invested for banks.
According to Ian Kerr, CEO of Level Four, "Many banks' ATM test strategies fail to adequately cover all the required scenarios, leaving them vulnerable to costly and unnecessary network downtime".
The new versions of Level Four's products, v2.11, include several changes to the hardware device modelling layer, a refreshed user interface and some significant changes to Regression Test Manager. To support the investment, Level Four is also expanding its product team with a number of recent hires.
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