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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HID Global and NXP helped create the current<br />
market <strong>for</strong> card-based physical access systems and<br />
are now jointly moving these solutions to mobile<br />
phones as NFC becomes a standard feature.<br />
The contactless cards that employees use to enter<br />
corporate buildings and parking garages can now be<br />
transferred to an NFC-enabled phone storing digital<br />
access credentials. The credentials are stored on<br />
NXP's embedded Secure Element within the<br />
handset and are presented by the mobile phone in a<br />
manner that is compatible with access control<br />
readers and systems. As the use of NFC smart<br />
phones <strong>for</strong> access control becomes increasingly<br />
more popular, consumers and enterprises can<br />
expect the same high level of security with<br />
improved convenience on a mobile device.<br />
Master<strong>Card</strong> Introduces <strong>New</strong> Tool<br />
that Predicts the Potential <strong>for</strong><br />
eCommerce Fraud in Real Time<br />
Ecommerce merchants have a new tool at their<br />
disposal to help mitigate the risk of fraud in online<br />
transactions, with Master<strong>Card</strong>'s introduction of<br />
Expert Monitoring Fraud Scoring <strong>for</strong> Merchants.<br />
The new tool enhances merchants' insight into card<br />
behaviour beyond a merchant's website or a<br />
cardholder's shopping cart. The service provides<br />
merchants with a predictive fraud score <strong>for</strong> <strong>Card</strong>-<br />
Not-Present transactions in real time to measure the<br />
likelihood that a transaction is fraudulent. This is<br />
done using fraud detection models designed<br />
specifically <strong>for</strong> eCommerce merchants, which<br />
uniquely enables merchants to evaluate a longer<br />
span of transaction history to deliver a fraud score<br />
that more accurately describes online cardholder<br />
behaviour.<br />
eCommerce merchants continue to face heavy<br />
losses from fraudulent transactions. According to<br />
the Lexis-Nexis 2011 True Cost of Fraud Study,<br />
merchants incurred costs of more than $2.33 <strong>for</strong><br />
every $1 of fraud committed, absorbing more than<br />
$102 billion in total losses in 2011. To lower their<br />
risk in this space, eCommerce merchants utilize an<br />
average of four to seven fraud detection solutions<br />
to validate orders and identify fraudulent<br />
transactions.<br />
Accumulate and Potevio Signs<br />
Agreement <strong>for</strong> Mobile Payment and<br />
NFC Solutions in China<br />
Accumulate and Potevio have signed an agreement<br />
to cooperate, develop and deploy secure, innovative<br />
and easy to use mobile financial and mobile in the<br />
<strong>Smart</strong> <strong>Card</strong> & <strong>Identity</strong> <strong><strong>New</strong>s</strong> • March 2012<br />
authentication services on the Chinese market.<br />
Projects will include a unique NFC solution that<br />
will have its first customer deployment be<strong>for</strong>e<br />
summer this year. Other projects are in mobile<br />
payments and a solution <strong>for</strong> secure payment of<br />
utility bills.<br />
"This agreement is a great milestone <strong>for</strong><br />
Accumulate and Accumulate Asia. We are already in<br />
discussions with large players in the China financial<br />
and telecom industry. So, soon new mobile<br />
payment and mobile authentication services<br />
projects, based on this cooperation, will be started",<br />
says Kelei Wang, Managing Director of Accumulate<br />
Asia Ltd.<br />
Services developed and deployed under this<br />
cooperation will support all major mobile plat<strong>for</strong>ms<br />
including; Android, Blackberry, iPhone, Java and<br />
Windows.<br />
PrePay Solutions awarded European<br />
Best Breakout Company of the Year<br />
The leading prepaid services company in the UK<br />
and Europe has been crowned Best Breakout<br />
Company of the Year at the Paybe<strong>for</strong>e Awards<br />
Europe 2012, a major industry event.<br />
PrePay Solutions is one of just 12 companies<br />
honoured at the awards which took place at the<br />
Gift <strong>Card</strong>, Gift Voucher and Reloadable <strong>Card</strong><br />
Summit.<br />
Gilles Coccoli, Managing Director of PrePay<br />
Solutions, commented: "This award is Europeanwide<br />
recognition of our success in the industry, and<br />
we are committed to remaining a leader in our field<br />
with innovations in prepay."<br />
Paybe<strong>for</strong>e CEO Marilyn Bochicchio commented on<br />
the awards: "The introduction of Paybe<strong>for</strong>e Awards<br />
Europe provides the opportunity <strong>for</strong> Paybe<strong>for</strong>e to<br />
specifically highlight businesses offering prepaid<br />
products in Europe and to applaud their success in<br />
addressing local market needs."<br />
Iris ID Systems Announces<br />
Interoperability Between Its'<br />
IrisAccess Plat<strong>for</strong>m and NFC-<br />
Enabled BlackBerry <strong>Smart</strong>phones<br />
Iris ID Systems Inc. and HID Global announce<br />
that the IrisAccess plat<strong>for</strong>m iCAM7000 can be used<br />
with select NFC enabled BlackBerry 7 smartphones.<br />
The BlackBerry Bold 9900/9930 smartphones<br />
activated with HID Global's iCLASS digital<br />
credentials will be compatible with the installed<br />
base of iCLASS readers that are embedded<br />
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