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
Card payment value in CEE surpasses EUR 110 billion The volume of card payments grew at a much quicker rate than the number of cards between 2008 and 2010 – 49% compared to 10%. Once again, Russia was responsible for the largest share of growth in the volume of payments, but Poland also made a significant contribution. Polish cardholders are becoming increasingly confident about using cards, while the acceptance network has also been growing. A total of EUR 111 billion was spent on cards in the CEE region in 2010, up from EUR 90 billion in 2008. For a number of years, Slovenia has had by far the highest average card spending per adult, followed by Estonia. Bank account holding is extremely prevalent among Slovenian adults and salaries are rarely paid by any means other than credit transfer. Furthermore, Slovenia’s infrastructure is advanced, with most outlets accepting cards, and the pay later sector (specifically charge cards) is better established in Slovenia than in most other countries in the region. Over 90% of EFTPOS terminals are EMV-compliant There has been considerable growth in acceptance networks throughout CEE. Even more developed markets such as Poland, where certain merchant sectors (e.g. petrol stations and supermarkets) are approaching saturation, have seen considerable growth. There remain many markets where there is room for further advances, even under existing pricing and acquiring conditions. The number of EFTPOS terminals grew considerably between 2008 and 2010 – by 20% to 1.3 million. The vast majority of units are in Russia and Poland. These two countries account for 680,000 terminals, while no other country has more than 100,000. Russia accounted for the largest share of new installations, while the Czech Republic, Hungary and Kazakhstan also witnessed significant growth. When the number of terminals is compared to the size of the population, Croatia, Estonia and Slovenia are the largest markets. The first two were also the only markets in the region with less than 100 payment cards per EFTPOS terminal, compared with the CEE average of 224. Kazakhstan, Russia and the Ukraine hold vast potential for the deployment of new terminals as the ratio is well over 300 in each of these markets. CEE banks have generally made more progress in upgrading EFTPOS terminals than in reissuing cards. Overall, the most advanced countries are the Baltic markets (Estonia, Latvia and Lithuania), and the Czech Republic. Some countries, such as Russia and the Ukraine, continue to lag behind. 8 Smart Card & Identity News • March 2012
World News In Brief Cryptomathic Invents Cloud Wallet Independent e-security solutions expert Cryptomathic has invented the market's first 'Cloud Wallet', a ubiquitous secure mobile wallet. The Cryptomathic Cloud Wallet enables a secure payment application to run off a connected, trusted platform that is accessible through a network such as the internet. It securely links the user and all their devices - such as a smartphone, tablet or personal computer - to their wallet. This new method offers an alternative approach to providing secure payment applications, which today are generally delivered through either EMV chips embedded in payment cards or secure elements of smartphones. The Cryptomathic Cloud Wallet will be of particular interest to payment schemes and issuers as it addresses all the users' connected devices while allowing the overall system to be driven based on risk parameters; exactly like their core business today. Once a cardholder has enrolled their devices with the Cloud Wallet, they can use their wallet to make any number of transactions using any of their enlisted devices. The Cloud Wallet can be used, for example, to make near-field-communication (NFC) payments at point-of-sale, enhance the security and experience of the 3D Secure form of verification, or even perform full-scale EMV-type transactions between the cardholder and merchant. Matt Landrock, CEO of Cryptomathic USA, comments: "The Cryptomathic Cloud Wallet offers a new approach to e-payments, and how this can be delivered and managed by the payments industry. This highly secure solution provides payment schemes and issuers with full control of the payment applications, without having to negotiate complicated business relationships with mobile network operators and without having to modify or enhance the end-users devices. With over 25 years' experience providing security to the banking industry, we are delighted to announce this groundbreaking invention." Spire Supplies Mobile Card Payment Terminals to Enterprise Car (Enterprise) to provide a flexible, secure and convenient mobile payments system. Spire Payments has recently deployed its M4230 mobile card payment terminal to 350 Enterprise office locations across the UK. The M4230 is a fully accredited, secure chip & PIN device that takes credit and debit card transactions at mobile locations using GPRS as its method of communication. At the same time, and in conjunction with Spire, TS3 Services Ltd has developed a solution that enables Enterprise to easily process refunds and secondary additional transactions for customers wanting to extend their car rentals using the payments industry innovation of Tokenisation. As a result Enterprise can now cross reference any subsequent transactions with a unique token which the merchant can use in place of the original card details. "Spire's M4230 mobile handheld terminal authorises the payment instantly and is perfect for any application where payment needs to be taken off premises, providing a clear customer service advantage for Enterprise over its competitors." Your Details Sold for Just TWO Pence Thousands of Britons are having their credit card information, medical and financial records sold by Indian call centre workers for a little as 2 pence according to a report in The Sunday Times. Undercover reporters met two men claiming to be IT workers from several of the call centres. The two data traders boasted on having 45 different sets of personal information on nearly 500,000 Britons. Many British companies outsource their services to India, but due to the outrage over the use of foreign workers some companies have already withdrawn. Indian authorities are struggling to combat the corruption, due to the unwillingness of companies keen to avoid the negative publicity in reporting data losses. Spire Payments, the payment terminal provider and the new name for Hypercom in the UK and Spain, announce it has partnered with Enterprise Rent-A- Smart Card & Identity News • March 2012 9
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- Page 7: Overall Growth in CEE Cards Market
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World <strong><strong>New</strong>s</strong> In Brief<br />
Cryptomathic Invents Cloud Wallet<br />
Independent e-security solutions expert<br />
Cryptomathic has invented the market's first 'Cloud<br />
Wallet', a ubiquitous secure mobile wallet.<br />
The Cryptomathic Cloud Wallet enables a secure<br />
payment application to run off a connected, trusted<br />
plat<strong>for</strong>m that is accessible through a network such<br />
as the internet. It securely links the user and all their<br />
devices - such as a smartphone, tablet or personal<br />
computer - to their wallet.<br />
This new method offers an alternative approach to<br />
providing secure payment applications, which today<br />
are generally delivered through either EMV chips<br />
embedded in payment cards or secure elements of<br />
smartphones. The Cryptomathic Cloud Wallet will<br />
be of particular interest to payment schemes and<br />
issuers as it addresses all the users' connected<br />
devices while allowing the overall system to be<br />
driven based on risk parameters; exactly like their<br />
core business today.<br />
Once a cardholder has enrolled their devices with<br />
the Cloud Wallet, they can use their wallet to make<br />
any number of transactions using any of their<br />
enlisted devices. The Cloud Wallet can be used, <strong>for</strong><br />
example, to make near-field-communication (NFC)<br />
payments at point-of-sale, enhance the security and<br />
experience of the 3D Secure <strong>for</strong>m of verification, or<br />
even per<strong>for</strong>m full-scale EMV-type transactions<br />
between the cardholder and merchant.<br />
Matt Landrock, CEO of Cryptomathic USA,<br />
comments: "The Cryptomathic Cloud Wallet offers<br />
a new approach to e-payments, and how this can be<br />
delivered and managed by the payments industry.<br />
This highly secure solution provides payment<br />
schemes and issuers with full control of the<br />
payment applications, without having to negotiate<br />
complicated business relationships with mobile<br />
network operators and without having to modify or<br />
enhance the end-users devices. With over 25 years'<br />
experience providing security to the banking<br />
industry, we are delighted to announce this<br />
groundbreaking invention."<br />
Spire Supplies Mobile <strong>Card</strong> Payment<br />
Terminals to Enterprise<br />
Car (Enterprise) to provide a flexible, secure and<br />
convenient mobile payments system.<br />
Spire Payments has recently deployed its M4230<br />
mobile card payment terminal to 350 Enterprise<br />
office locations across the UK. The M4230 is a fully<br />
accredited, secure chip & PIN device that takes<br />
credit and debit card transactions at mobile<br />
locations using GPRS as its method of<br />
communication.<br />
At the same time, and in conjunction with Spire,<br />
TS3 Services Ltd has developed a solution that<br />
enables Enterprise to easily process refunds and<br />
secondary additional transactions <strong>for</strong> customers<br />
wanting to extend their car rentals using the<br />
payments industry innovation of Tokenisation. As a<br />
result Enterprise can now cross reference any<br />
subsequent transactions with a unique token which<br />
the merchant can use in place of the original card<br />
details.<br />
"Spire's M4230 mobile handheld terminal authorises<br />
the payment instantly and is perfect <strong>for</strong> any<br />
application where payment needs to be taken off<br />
premises, providing a clear customer service<br />
advantage <strong>for</strong> Enterprise over its competitors."<br />
Your Details Sold <strong>for</strong> Just TWO<br />
Pence<br />
Thousands of Britons are having their credit card<br />
in<strong>for</strong>mation, medical and financial records sold by<br />
Indian call centre workers <strong>for</strong> a little as 2 pence<br />
according to a report in The Sunday Times.<br />
Undercover reporters met two men claiming to be<br />
IT workers from several of the call centres. The two<br />
data traders boasted on having 45 different sets of<br />
personal in<strong>for</strong>mation on nearly 500,000 Britons.<br />
Many British companies outsource their services to<br />
India, but due to the outrage over the use of <strong>for</strong>eign<br />
workers some companies have already withdrawn.<br />
Indian authorities are struggling to combat the<br />
corruption, due to the unwillingness of companies<br />
keen to avoid the negative publicity in reporting<br />
data losses.<br />
Spire Payments, the payment terminal provider and<br />
the new name <strong>for</strong> Hypercom in the UK and Spain,<br />
announce it has partnered with Enterprise Rent-A-<br />
<strong>Smart</strong> <strong>Card</strong> & <strong>Identity</strong> <strong><strong>New</strong>s</strong> • March 2012<br />
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