Thursday, 20 January 2011

Brighton is UK's Card Fraud Capital

The annual Card Fraud Index released yesterday from life assistance company CPP has named Brighton as the card fraud capital of the country. With the south coast city jumping from tenth place in the number of people falling victim at least once to card fraud.

The top five card fraud hotspots in the UK are Brighton (38%), London (34%), Manchester (33%), Bristol and Leeds at joint fourth place (32%) and Edinburgh (31%).

The Card Fraud Index also reveals the methods criminals are using, with most victims (20 per cent) having the magnetic stripe on their card cloned at an ATM or via a Chip and PIN machine. This is a three per cent increase on 2009. One in five victims has been defrauded online with criminals using the internet to obtain card details.

Victims of card fraud reported the average amount stolen was GBP 417 with one in 20 reporting losses of more than GBP 2,000.

Sarah Blaney, card fraud expert at CPP, said: "In 2010 we saw a three per cent decrease in card fraud incidents in the UK compared to the previous year. This in itself is good news and shows how progress is being made to reduce the number of victims. In particular, online fraud has decreased, which could be a result of industry initiatives such as Verified by Visa and MasterCard SecureCode.

ATMIA Welcomes Level Four as New Global Board Members

The ATM Industry Association is excited to announce that Level Four has made the move to ATMIA's new Global Board package. This means that Level Four will be taking an active role in ATMIA and in shaping the course of action taken by the association. Level Four will be supporting ATMIA in Europe, Asia Pacific and the United States.

Ian Kerr, CEO of Level Four, says: "We are delighted to extend our longstanding relationship with ATMIA and introduce new members of our team to the ATMIA board. As we continue to grow internationally, we look forward to working with the global ATMIA team to share expertise and industry information that supports the successes of the whole ATM sector."

Level Four is an international ATM software and consultancy company that specialises in ATM development and testing solutions for the world's largest financial institutions. Its services regularly underpin ATM refresh and EMV migration projects that are designed to deliver ATM and self-service functionality more rapidly, with more certainty and at less cost.

Giesecke & Devrient and Wincor Nixdorf to Cooperate in Automating Worldwide Cash Cycles

Technology companies Giesecke & Devrient (G&D) and Wincor Nixdorf will pool their expertise to automate the cash cycle - from consumers via banks, retailers and cash-in-transit companies through to central banks - and will be cooperating more closely to standardize systems and processes, thus making for efficient cash processing.

Every year, 300 billion US dollars is spent on cash processing worldwide - 12 billion Euros of it in Germany alone. What is more, since the introduction of the euro, the number of banknotes in circulation in the euro member countries has continued to increase - by an annual rate of eight percent. This is why central bank representatives have long advocated the streamlining of cash logistics to make them as efficient as possible.

During the press conference held today in Frankfurt, Dr. Karsten Ottenberg, Chairman of the Management Board and CEO of Giesecke & Devrient, and Eckard Heidloff, President and CEO of Wincor Nixdorf, emphasized the potential offered by collaboration between their companies. By working together, the G&D and Wincor Nixdorf will be able to create solutions that will radically reduce the cost of cash management - both for individual companies and whole national economies. A further advantage is that the risks inherent in cash processing will be minimized for all the participants in the cash cycle.

Starting late March 2011, G&D and Wincor Nixdorf will be setting up a joint venture - CI Tech Components AG - to pool their activities for the development, manufacture and marketing of security technologies for authenticating and processing banknotes. CI Tech Components AG will be headquartered in Burgdorf, Switzerland, and - subject to approval by the antitrust authorities - will commence operations in March 2011.

STMicroelectronics and Bluechiip Cooperate in Manufacturing of Unique MEMS-Based Tracking Tags

STMicroelectronics and Bluechiip Limited today announced that the two companies are to cooperate in the manufacturing of unique MEMS-based tracking tags, aimed at a range of different markets, but initially in healthcare, such as biobanks.

As the bluechiip tracking tag is a mechanical device, it has the unique ability to both survive and read the ID of samples in extremely high and low temperatures, in addition to its immunity to gamma irradiation. This new technology enables data to be read at temperatures as low as those reached in liquid nitrogen, approximately -196 degrees Celsius, and as high as 200 degrees Celsius. Data can also be transmitted through frost.

These unique tags will first be moulded into test tubes and vials for the expanding biobank market to identify, track, retrieve, monitor and store valuable and irreplaceable human biospecimens, including tissue, embryos and cord blood in liquid nitrogen. Although the Bluechiip tracking technology has initial applications in the healthcare industry, it also has applications in pathology, clinical trials, biorepositories and forensics. Other key markets for the technology could include security, defence, industrial, manufacturing, waste, aerospace and aviation.

The new technology is based on MEMS-based resonators within a tiny and purely mechanical chip, containing no electronics whatsoever. The tracking tag, which comprises this mechanical chip and an antenna, can either be embedded or manufactured into a storage product.

"The tag will revolutionise tracking of critical assets in a broad range of important markets," said Brett Schwarz, Managing Director and CEO, Bluechiip.

Adapti Secures Online Applications with DIGIPASS as a Service

VASCO Data Security International, Inc. today announced that the Belgian IT company Adapti, specialized in cloud computing, has installed DIGIPASS as a Service for strong authentication of its online applications.

Adapti is a Belgian cloud computing specialist, active in the Benelux countries. Its core activity is the implementation of its clients' 'in the cloud' CRM-programs that assemble information about customers, sales figures and marketing in an orderly and efficient way.

DIGIPASS as a Service is VASCO's 'in the cloud'-based authentication offering. The DIGIPASS as a Service platform is hosted and managed by VASCO.

"As a cloud specialist, we are certainly aware of the importance of an 'in the cloud' application. The implementation of DIGIPASS as a Service for the safeguarding of our online CRM and communication program is an important step forward" says Mario Schrapen, Adapti's business manager. "

"By launching DIGIPASS as a Service, we demonstrated that we strongly believe in the cloud computing concept," says T.Kendall Hunt, VASCO's Chairman and CEO. "We are therefore very pleased to see that our latest business model gains momentum in this future-oriented sector."

Trident Announces Appointment of Interim CEO

Trident Microsystems, Inc. today announced that Sylvia Summers Couder has resigned as CEO and as a director to pursue other opportunities. The company also announced that Mr. Philippe Geyres has been appointed as Interim CEO effective immediately and that the company has initiated a search for a CEO following this transition. Mr. Geyres is a candidate for the permanent CEO position.

"We are pleased and excited that Philippe Geyres has agreed to assume the role of Interim CEO. We believe his background and experience will be quite helpful during this transition and that he will bring a valuable perspective and focus to our business," said Mr. Courtney.

Mr. Geyres joined Trident's board in February 2010 following the company's acquisition of certain assets of NXP. Mr. Geyres has substantial executive experience. He was CEO of Oberthur Card Systems, a French publicly listed smart card company during 2007 and 2008.

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