"Many issuers and processors are finding that the constraints of their current PIN handling processes will not allow them to cut costs and mitigate the fraud risks inherent in these operations." said Patrick Regester, EVP Sales & Marketing at Aconite. "These same organizations are also facing increasing customer demand for access to PIN services using mobile and internet channels."
Aconite PIN Manager (APM) unifies the generation, distribution and authentication of PINs across multiple card management systems and over diverse channels. APM supports traditional PIN distribution via PIN mailers but importantly also enables innovative and very significant cost-savings, estimated at 25% or greater, through the elimination of traditional mail, replacing this with secure distribution via SMS, IVR, internet banking or a combination of these channels.
"APM has been architected from the ground up to meet the needs of issuers and processors for a feature-rich but flexible solution that integrates easily with both existing card management and Hands free access as well as new online services," added Regester. "There is a need to provide a unified solution with common standards and procedures to ensure consistent and secure handling of PINs."
APM manages PINs for both magnetic stripe and EMV chip cards, where control of Offline PIN change and reset via EMV Scripting is integrated. APM can also be used to administer other digital credentials such as biometrics across multiple smart products, including mobiles. The most recent organization to license the APM product is a leading financial services processor in Europe with more than 10 million cards issued.
NXP has announced that MEXIBUS - the public transport operator in the federal state of Mexico – has selected MIFARE DESFire EV1 for its contactless smart ticketing solution. The new cards will ensure reliable and secure fare payment across the growing MEXIBUS network. In addition to secure smart card ICs, NXP is also providing the ICs in MEXIBUS’s new readers. The ticketing system was integrated by Grupo Indi, using cards manufactured by ASK and Inteligensa.
MIFARE DESFire EV1 is a product platform for transport ticketing systems, enabling passengers to enjoy better journeys and public transport operators to improve the cost-efficiency and transaction speed of their systems. In addition to public transportation, the MIFARE DESFire platform also allows smart cards to be used for multiple applications such as bike rental, street parking or museum tickets.
Covering the area around the federal district of Mexico City, which itself has over 21 million residents, the federal state of Mexico has experienced rapid growth over the past few years, and now comprises over 15 million people. As the most densely populated region in Mexico, a more efficient and cost-effective urban transportation system is needed that limits the amount of cars on the roads while ensuring mobility in and around Mexico City. Convenient and efficient boarding, as enabled by the NXP solution, encourages the increased use of public transportation for a more sustainable urban life.
Seventeen contactless transport ticketing projects in Mexico are already based on NXP’s MIFARE technology platform. The interoperability of these MIFARE-based urban transport systems with the new MEXIBUS system means that Public Transport Operators can offer a cost-efficient ticketing solution allowing passengers to use a single card for all journeys across the city and the federal state of Mexico. The MIFARE DESFire technology platform is also extendable beyond smart cards to other form factors such as NFC-enabled smart phones and banking cards.
Carbon monoxide (CO) is an odorless, colorless and poisonous gas that is emitted by all internal combustion engines, such as boat engines and onboard motor generators. In the early stages, the symptoms of CO poisoning are similar to seasickness, but CO can kill in a matter of minutes. The only way to detect CO is with an alarm, so install CO alarms on board, especially in living and sleeping areas.
Oregon’s lakes, rivers and bays are the perfect getaway for Oregon boaters. Before taking the plunge, though, Oregon boaters are reminded that anyone who operates a powerboat is required to carry a boater education card. In 2011, boating accidents in Oregon increased by 10 percent from the year before – underscoring the need for easier access to Oregon boating safety courses and other educational materials.
Most recent national data from the U.S. Coast Guard details 4,588 accidents in 2011, including 758 fatalities and 3,081 injuries. The majority of these accidents occurred from May to September, with 77 percent of the reportable incidents for the year. In Oregon, there were 66 boating accidents in 2011, resulting in 10 deaths and 39 injuries.
Hackers got into bank databases, eliminated withdrawal limits on pre-paid debit cards and created access codes. Others loaded that data onto any plastic card with a magnetic stripe — an old hotel key card or an expired credit card worked fine as long as they carried the account data and correct access codes.
A network of operatives then fanned out to rapidly withdraw money in multiple cities, authorities said. The cells would take a cut of the money, then launder it through expensive purchases or ship it wholesale to the global ringleaders. Lynch didn’t say where they were located.
There were two separate attacks, one in December that reaped $5 million worldwide and one in February that snared about $40 million in 10 hours with about 36,000 transactions. The scheme involved attacks on two banks, Rakbank in the United Arab Emirates and the Bank of Muscat in Oman, prosecutors said.
The plundered ATMs were in Japan, Russia, Romania, Egypt, Colombia, Britain, Sri Lanka, Canada and several other countries, and law enforcement agencies from more than a dozen nations were involved in the investigation, U.S. prosecutors said.
The accused ringleader in the U.S. cell, Alberto Yusi Lajud-Pena, was reportedly killed in the Dominican Republic late last month, prosecutors said. More investigations continue and other arrests have been made in other countries, but prosecutors did not have details.
An indictment unsealed Thursday accused Lajud-Pena and the other seven New York suspects of withdrawing $2.8 million in cash from hacked accounts in less than a day.
No comments:
Post a Comment