Wednesday, 26 January 2011

New Payments System makes Online Shopping Safer and Faster

Today sees the launch of eWise payo in the UK, the first and only bank inclusive Online Banking ePayments (OBeP) solution. Launched by the financial service firm eWise.

eWise payo enables the consumer to initiate secure and private payments for goods and services or bills online, without having to provide personal financial information to any third parties. To use eWise payo, customers are directed straight to their bank's website where they will log in using their existing account credentials. Once in their online banking application, consumers select from any account with available funds and confirm the payment. eWise technology enables the secure payment, leveraging the UK's Faster Payments network, thereby generating a near immediate payment for the merchant.

John France, managing director at eWise payo, commented: "Security remains the key concern for people when purchasing goods and services online. Statistics from the UK Card Association showed that over just 12 months 118.2 million-pounds was lost to fraudsters for card-not-present fraud in the UK alone. And, despite all of the good work that the International Card Schemes have done with respect to PCI, merchant websites are still being hacked and consumer card details are still being compromised.

On February 1st, 2011, eWise payo mobile will be unveiled at Finovate Europe 2011. The application brings a safe and fast way to pay face-to-face or online through a mobile device.

eWise is currently in advanced discussions with a number of the high street banks, merchant acquirers, PSPs and merchants. As a result of which, the company has brought forward its initial launch - planned for 2012, and hopes to make an announcement in Q2/Q3 2011.

Mobey Forum Welcomes Key Industry Players as Newest Members

Bank of America, BNP Paribas and PostFinance have become the latest organisations to join Mobey Forum, the not-for-profit global leader in defining a sustainable and prosperous mobile financial services ecosystem.

Mobey Forum welcomes the three organisations at its first members meeting for 2011, which is being held in Brussels this week, 26 and 27 January. Joining Mobey Forum as Full Members, these financial institutions will actively engage in the work of the association to accelerate the mass market deployment of mobile financial services.

Ron van Wezel, Chairman of Mobey Forum and Director of Emerging Payment Streams at Deutsche Bank, comments: "It is an honour for Mobey Forum to welcome such respected and renowned names to its continually growing membership ranks. Their knowledge base and wealth of skills and experiences will add value to the in-depth analysis that is currently being executed to achieve user-convenient and profitable mobile financial services."

This latest news follows an announcement in October 2010 from Mobey Forum that its membership now represents over 25% of banking customers globally. Mr. Van Wezel adds: "It is without doubt a very exciting time for the mobile payments market".

PhoneFactor Announces Multi-Channel Solution to Credit and Debit Card Fraud

PhoneFactor yesterday announced support for ISO 8583, the standard protocol that financial institutions use to process credit and debit card transactions. Both MasterCard and Visa base their authorisation communications on the ISO 8583 standard as do most Automated Teller Machines. By supporting the widely used ISO standard, PhoneFactor can authenticate card transactions in any channel, including point-of-sale, ATM, and online transactions, through a single technology implementation.

By adding PhoneFactor to the transaction path using the ISO 8583 protocol, card issuers can authenticate transactions with a phone call or text message. When a protected transaction is initiated, PhoneFactor instantly places an automated phone call or sends a text message to the cardholder asking them to verify the transaction details. The user simply answers the call and presses # (or a PIN) or replies to the text message to approve the transaction.

PhoneFactor uses the cardholder's existing phone - a device the cardholder already has and carries with him. So, enabling the service for large numbers of geographically diverse customers is easy and cost-effective. It works regardless of which merchant is processing the transaction or from which channel the transaction is initiated.

"Card issuers are processing more transactions through more channels than ever before," said Steve Dispensa, PhoneFactor CTO and Co-Founder. "By leveraging a ubiquitous device and providing built in support for the ISO 8583 standard, PhoneFactor enables seamless protection for card transactions in any context."

Arcontia broadens its product portfolio with the launch of the ARC2330


Arcontia announces its latest smart card reader. The launch of the ARC2330 reader marks the latest features to Arcontia's new product line of smart card products designed for e-ticketing and e-payment markets.

The ARC2330 reader is a rugged and versatile ISO/IEC 14443 reader designed for smart card validation, travel card reload and contactless payments in retail. The reader is aimed for integration into system integrators' and solution providers' overall fare collection system and payment solution. It has four coloured LED lights, an audio buzzer and a graphical LCD display for an easy user interface. For point of sales usage the reader comes with a desktop mounting kit and for use on board vehicles the reader includes a pole mounting kit.

The reader operates as a slave device and comes with either USB or RS232 communication for easy integration into a variety of smart card applications. It is optimized for maximum data throughput rates on both the air and serial interface, and houses four ISO/IEC 7816 SAM slots operating in parallel for enhanced speed and improved smart card security.

Not only is ARC2330 fully compatible with the entire MIFARE family, but it also supports Smart MX and several other smart cards used in cashless ticketing and payment applications. Furthermore, the reader software supports the latest MIFARE AV1 and MIFARE AV2 SAMs from NXP. ARC2330 is a highly flexible and customizable reader ready to meet different market requirements.

Gemalto Rolls-out Electronic Passport Solution in Korea

Gemalto announces that it has started to deliver its electronic passport solution to Korea's National Printer, Korea Minting and Security Printing Corporation, through its local partner LG CNS.

Gemalto provides in particular its highly-secure, high-performance ePassport Operating System that speeds up border control. Its Sealys ePassport solution also increases personalisation performance, significantly reducing issuing cost. In Korea, the Gemalto ePassport Operating System and application software are embedded in Gemalto's highly durable electronic covers.

The protection of citizens' personal information also requires an extremely high level of security. This is ensured by various technologies that are part of Gemalto's ePassport Operating System, which has been certified against the international "Common Criteria" security evaluation process.

"Gemalto's global expertise and product offerings in the government sector, particularly in ePassports, make them a natural partner for us," commented Dr. Moon Hyung Yoon, Business Development Senior Leader, LG CNS. "We are happy that our cooperation has brought about a solution that meets the particularly high Korea ePassport program expectations."

"We are delighted to be part of this achievement, where we can contribute our latest technologies to the security of citizens of Korea," added Tan Teck Lee, President of Gemalto Asia. "The Sealys solution speed and durability advantages are clear and Korean ePassport holders will appreciate this secure and convenient way to travel."

ASSA ABLOY: Tender Offer for LaserCard Completed

Owners representing 61 percent of the outstanding shares has accepted ASSA ABLOY's offer. ASSA ABLOY also announced that is has extended the offer period to acquire all of the remaining shares. This subsequent offering period will expire at the end of January 27, 2011, unless extended.

After the subsequent offering period, ASSA ABLOY intends to complete its acquisition of LaserCard by means of a merger.

As a result of its purchase of shares in the tender offer, ASSA ABLOY has sufficient voting power to approve the merger without the affirmative vote of any other LaserCard stockholder.

Note to Subscribers

If you would prefer to receive your News On Line email in plain text, please send an email with "Plain Text" in the subject line.

If you are a subscriber to our Daily News On Line service or Monthly Newsletter you are entitled to access restricted pages on our website news archive. For the username and password please send an email with "Subscriber Password" in the subject line. lesley.dann, Subscriptions Administrator, Smart Card Group.

To Unsubscribe Email Us at or click Unsubscribe

Important Information

From time to time, this news service may include industry forecasts and forward looking statements made by the companies concerned. Readers should be advised that Smart Card News Ltd cannot be held responsible for decisions and/or actions taken by readers of our news service, based on the information provided. This news is only to be distributed to persons/companies who have a contract with Smart Card News Ltd. Unless your company has gained a licence and/or written permission from Smart Card News, the contents of this news page are not to be forwarded to any other person or server. Any replication by any means without prior permission is illegal and action may be taken. If you recieve this online news from a forwarded source please contact the team at Smart Card News Ltd. It is illegal to replicate this online news.

Tel: +44 (0)1903 734 677