Smart Card & Identity News A New Flavour for eCash
Smart Card & Identity News A New Flavour for eCash
Smart Card & Identity News A New Flavour for eCash
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Both have tabled their proposals to the European<br />
Telecommunications Standards Institute (ETSI)<br />
and await the decision on which card future<br />
smartphones and tablets will use.<br />
According to the Financial Times, "Apple has<br />
applied to become the largest voting group in the<br />
ETSI having registered six European subsidiaries to<br />
become full members".<br />
Nokia in turn has questioned "whether it is right<br />
that one group of companies can obtain a high<br />
amount of votes by filing multiple membership<br />
application".<br />
Google Wallet Struggles <strong>for</strong> Market<br />
Place<br />
It is being reported that Google Inc is considering<br />
sharing revenue with carriers to encourage them to<br />
embrace the new technology after a slow take up.<br />
This month Google has seen to Jonathan Wall, one<br />
of the original creators and Marc Freed-Finnegan<br />
lead product manager <strong>for</strong> Google Wallet leave to<br />
start their own mobile shopping business 'Tappmo<br />
Inc'.<br />
The mobile payment market has created scores of<br />
competitors to Google, including ISIS a joint<br />
venture of Verizon, AT&T and T-mobile which we<br />
understand are nearing a launch date.<br />
PayPal Launches the PayPal Access<br />
Prepaid Master<strong>Card</strong><br />
PayPal UK has launched a new payment card that<br />
lets customers spend and withdraw money from<br />
their PayPal account on the high street and<br />
everywhere that Master<strong>Card</strong> is accepted around the<br />
world.<br />
A PayPal Access Prepaid Master<strong>Card</strong> holder who<br />
receives a PayPal payment can spend or withdraw<br />
the money straight away with the card - there's no<br />
need to transfer it to a bank account. The card<br />
holder has direct access to their available balance<br />
and can manage their card online via a simple single<br />
sign-in process.<br />
Gilles Coccoli, Managing Director of PrePay<br />
Solutions, adds: "The new card is a highly integrated<br />
and innovative product that has been carefully<br />
developed to meet the needs of PayPal customers.<br />
The addition of the new Master<strong>Card</strong> PayPass<br />
technology is a first <strong>for</strong> PayPal in the United<br />
Kingdom and gives users even greater<br />
convenience."<br />
<strong>Smart</strong> <strong>Card</strong> & <strong>Identity</strong> <strong><strong>New</strong>s</strong> • March 2012<br />
Microsoft Joins Financial Services<br />
Industry to Disrupt Massive Zeus<br />
Cybercrime Operation<br />
In its most complex ef<strong>for</strong>t to disrupt botnets to<br />
date, Microsoft Corp., in collaboration with the<br />
financial services industry - including the Financial<br />
Services - In<strong>for</strong>mation Sharing and Analysis Centre<br />
(FS-ISAC) and NACHA - The Electronic Payments<br />
Association - as well as Kyrus Tech Inc., announced<br />
it has successfully executed a coordinated global<br />
action against some of the most notorious<br />
cybercrime operations that fuel online fraud and<br />
identity theft.<br />
With this legal and technical action, a number of the<br />
most harmful botnets using the Zeus family of<br />
malware worldwide have been disrupted in an<br />
unprecedented, proactive cross-industry action<br />
against this cybercriminal organisation.<br />
This disruption was made possible through a<br />
successful pleading be<strong>for</strong>e the U.S. District Court<br />
<strong>for</strong> the Eastern District of <strong>New</strong> York, which<br />
allowed Microsoft and its partners to conduct a<br />
coordinated seizure of command and control<br />
servers running some of the worst known Zeus<br />
botnets.<br />
Because the botnet operators used Zeus to steal<br />
victims' online banking credentials and transfer<br />
stolen funds, FS-ISAC and NACHA joined<br />
Microsoft as plaintiffs in the civil suit, and Kyrus<br />
Tech Inc. served as a declarant in the case. Other<br />
organisations, including F-Secure, also provided<br />
supporting in<strong>for</strong>mation <strong>for</strong> the case.<br />
As a part of the operation, on March 23, Microsoft<br />
and its co-plaintiffs, escorted by the U.S. Marshals,<br />
seized command and control servers in two hosting<br />
locations, Scranton, Pa., and Lombard, Ill., to seize<br />
and preserve valuable data and virtual evidence<br />
from the botnets <strong>for</strong> the case. Microsoft and its<br />
partners took down two Internet Protocol<br />
addresses behind the Zeus command and control<br />
structure, and Microsoft is currently monitoring 800<br />
domains secured in the operation, which are helping<br />
identify thousands of computers infected by Zeus.<br />
Nine Finalists Announced in NFC<br />
Forum & WIMA's NFC Global<br />
Competition 2012<br />
The NFC Forum, a non-profit industry association<br />
that advances the use of NFC technology, and<br />
WIMA, a worldwide event dedicated to NFC<br />
technology, announce the nine finalists in their Tap<br />
Into Innovation: NFC Global Competition 2012.<br />
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