Thursday, 09 June 2011

Interac Flash Cards to Be Accepted at Petro-Canada in 2011

Interac Flash, which is the first contactless debit technology to be offered in Canada, will now be accepted at Petro-Canada locations across the North American country. Interac Association, the makers of Interac Flash cards said that Suncor Energy will accept Interac Flash contactless debit transactions in store at its participating Petro-Canada locations toward the end of this year. The Association is already planning for a national roll-out of Interac Flash debit cards in early 2012 through its participating financial banks.

Interac Association's Interac network is a national payment network that allows Canadians to access their money through 59,000 Automated Banking Machines (ATMs) and 727,000 point-of-sale terminals across Canada.

By using Interac Flash, Canadians will be able to pay quickly and conveniently directly from their bank account, without having to insert their debit card or enter their PIN. The users just need to flash the card in front of an Interac Flash-enabled contactless reader to complete transaction.

Mark O'Connell, President and CEO, Interac Association/Acxsys Corporation said: "Interac Flash will deliver speed and convenience for both merchants and consumers at check-out, while offering the security features of chip technology".

Citigroup Admits Data Breach

Citigroup has become the latest to acknowledge that a hack to its 'Citi Account Online' could compromise around 200,000 of its 21 million card customers in North America.

Customers names, account numbers and email addresses were accessed during the breach, Citi said other information such as social security numbers, date of birth, and card security codes were not compromised, as these are held separately.

The breach was discovered through routine monitoring in early May. When questioned by the Financial Times Citi confirmed that "the breach had been reported to law enforcement officials and had tightened its fraud detection procedures".

BIO-key International Gets Serious about Security Breaches

BIO-key International Inc. has come up with an opt-in survey that discusses the risk and reality of recent security breaches among even the largest business houses. The survey was particularly made after the recent series of high-profile data breaches at Sony, Nintendo and at Infraguard, an FBI affiliate partner, which showed the vulnerability of various high-tech security systems.

BIO-key surveyed opt-in participants responding to a press release on Globe Newswire to get a feel of how business owners and the general public view online security. BIO-key reports that to-date, 167 viewers have visited the survey, with results as follows:

  • 44% of the participants stated they had a lack of confidence in their current security system
  • 36% of the participants said they are reviewing their security process within 6 months
  • 94% of the respondents feel their company's security system would be better if finger biometrics is started
  • 45% fear internal threats to security, while 36% participants fear external cyber attacks

Mike DePasquale CEO of BIO-key stated in the press release: "The outbreak of security breaches poses a threat to our nation's infrastructure; from business to government, everyone is at risk and it seems that we're simply waiting for a disaster before taking action. It's very concerning".

Ericsson's European Mobile Money Network

Ericsson has welcomed mobile phone users of the 7 European countries namely, the UK, France, Germany, Italy, Spain, Poland and Sweden, to take initiative in starting a new peer-to-peer mobile money transfer service across these countries.

Financial transfers will be made over the Ericsson Money Interconnect network, which will allow different mobile wallet services to "work together, cross-system, cross- and across borders".

UK, France, Germany, Italy, Spain, Poland and Sweden are invited to sign up online to use this Ericsson Money Interconnect network for sending and receiving money across phones. Ericsson has already created a Money Services division to introduce the service.

The company also has future plans to extend mobile money transfer service across Europe.

Formstack Gets PayPal Certification and to Process Record Number of PayPal Payments in 2011

Formstack, the Indianapolis-based online form builder, has announced of receiving a PayPal certification. The firm has already processed $7 million in PayPal payments through their online forms, which is expected to touch $20 million by the end of this year.

Since 4 years, Formstack integrated with PayPal Website Payments Standard to allow customers quickly use their online forms with their PayPal account to create simple PayPal forms to sell products online, capture event registrations, etc.

Recently, Formstack became a PayPal Certified Integration Partner for PayPal Website Payments Standard. It means that PayPal can now offer partners the chance to join a group of certified ecommerce integrators that ensure that the user experience and payment flow via the integration is clean, consistent and user-friendly.

RFID Consortium Welcomes Its Ninth Member

Yesterday, Sisvel US and the RFID Consortium announced that Federal Signal Corporation has joined the RFID Consortium and will participate in the Consortium's joint licensing program for patents essential to the UHF RFID standard as both a licensor and a portfolio licensee.

Federal Signal, which acquired RFID specialist Sirit Inc. last year, joins other patent owners 3M, ETRI, France Telecom, HP, LG Electronics, Motorola Solutions, Trimble Navigation Limited - ThingMagic Division and Zebra Technologies to promote rapid adoption of UHF RFID technology by offering a single licence to patents essential to the practice of the UHF RFID standards owned by the participating companies. Sisvel is the administrator of the licensing program.

Jim O'Hagan, an RFID Consortium spokesperson and Director of Patents and Technology for Zebra Technologies said: "The RFID Consortium offers everyone manufacturing or selling UHF RFID tags or readers a single low-cost licence under many essential patents from multiple leading global firms, and the Consortium recently extended discount royalty packages for early adopters until November 30, 2011".

Jim O'Hagan believes, Federal Signal's entry to the Consortium will enhance the value of the Consortium's patent portfolio licence for manufacturers and sellers of UHF RFID products.

The Future of Cards and Payments

The future of Cards and Payments

Next-Gen IPv6 Addresses On Its Way

A worldwide test is under way for implementing the next-generation of internet addresses - Internet Protocol version 6 (IPv6). The new addresses will replace the 4.3 billion original addressing system - IPv4. Hundreds of organisations and institutions, including Facebook, Google, Microsoft and Yahoo are taking part in this "World IPv6 Day".

IPv6 will be the new system of unique identifying numbers for websites, computers and other internet-connected devices. IPv6 provides over 4 billion times more addresses than IPv4.

Search engine giant Google, which is enabling IPv6 on Google Search, Gmail, YouTube and other services said "the vast majority (99.95 percent) of people will be able to access services without interruption during the IPv6 test, which began at 0000 GMT Wednesday and is to last for 24 hours". Either they will be connected over IPv6, or their systems will successfully fall back to IPv4, which may be 0.05 percent of systems, according to Google network engineer Lorenzo Colitti.

Facebook network engineer Donn Lee said "World IPv6 Day will enable the industry to gain insights about potential IPv6 issues, find solutions, and accelerate global adoption of IPv6". Lee believes 99.97 percent of Facebook users will remain unaffected by this global test.

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