Wednesday, November 5, 2008

HomeATM 's "P2P/Me2Me" Money Transfers

HomeATM Introduces Innovative "Real Time Peer 2 Peer Money Exchange Platform

HomeATM ePayment Solutions has introduced the world's simplest and most convenient real time "Person to Person" or "Me2Me" Money  Transfer Platform.

The new program is the most secure way to send money to anyone...anywhere...from the privacy, convenience and security of your own home.

Here's How Easy it is:
1.  Choose send money
2.  Enter email and Amount
3. Swipe Your Credit or Debit Card and Enter Your PIN

Your Done!  It's that easy!  And it's in "real time!"

Here's a more detailed overview including graphics: (which you may click to enlarge)

1. Choose "Send Money"
2. Enter Recipients e-mail Address

Input your (as sender) email address and then input the recipient's email address. As you can see from the example illustrated on the left, you can do a "Me 2 Me" transaction by inputting your email address as both the "sender" and the "recipient."  Of course you can just as easily send money to a friend, family member, business, etc by entering their email address as the recipient.

3. Enter the Amount you'd like to send.
4. Send Instantly or Schedule a Payment 

You may choose whether you want the money transfer to occur in "Real Time" (Transfer Now) or whether you'd like to transfer the money on a specific date of your liking.  If you'd like to choose a "Transfer Date" simply click on the calendar located on the right and select the date you'd like the transfer to take place.  As you can see from the graphic on the left, I chose October 28th, 2008 as my transfer date.

5. Enter Personalized Message

You may then enter your memo.  "Happy Birthday", "Here's the Money I.O.U" or "Others" which will prompt you to type in your personalized message.After you complete typing in your personalized message to the recipient, you will be given the choice of whether to accept responsibility for the transfer fee yourself, or charge the recipient for the amount of the transaction fee.

6.  Swipe Your Card and Enter Your PIN

To complete the transaction, you then simply Swipe Your Card" through your Wedgie. (HomeATM's Personal Swiping Device) Your personal swiping device will read the information off your magnetic stripe so you will not have to manually enter your Personal Account Number or expiration date. 

Not only does that make it more convenient for you but it makes it safer, because you are not "keystroking" your PAN.  The card data is instantaneously encrypted thus providing the user with the most secure transaction available on the web today. 

But we make it even safer.  After swiping your card, you will then be prompted to enter your PIN.  This provides the users with a dually-authenticated transaction.  After entering your PIN the transaction processes automatically.  You've just completed the world's easiest money transfer!

The email recipient gets an email with a "remittance" ID number and a password.  They copy and paste both the remittance ID and the password at HomeATM's site and are then prompted to "swipe" their card and "enter" their PIN and the transaction is completed in real-time.

To see a flash demo of this innovative new platfrom from HomeATM,
please click below:

Visit for more details

We also have a Facebook Application at:

TrialPay Teams with Atimi

Full-service software development company Atimi announced today that it has partnered with TrialPay, a revolutionary e-commerce payment system, to help its clients increase their online sales. Atimi, one of the world's largest developers of Apple software, pre-qualifies complementary services for their clients' software and will now offer alternative online payment options through TrialPay.

Atimi is like a general contractor for software, addressing all aspects of development for our clients from project planning and engineering to financing and monetization Software companies are generally limited to standard payment options or ad-supported versions to monetize their products online. But our partnership with TrialPay gives our clients a new way to make profits on the Web.

Atimi offers the most comprehensive software development to some of the highest-quality companies in the world, and now TrialPay can help ensure that their clients follow best practices in e-commerce.

We are thrilled that such a renowned developer recognizes and endorses TrialPay as a successful way for software companies to monetize online sales.

Atimi clients can now implement TrialPay's innovative ad-supported payment platform directly into their products, which creates new revenue from online traffic by ensuring that every customer can find an offer that compels him to make a purchase. Companies from around the world turn to Atimi, an expert in Apple technology, to port their software between Macintosh, Linux and Widows platforms or to produce their software ideas from start to finish.

"Atimi is like a general contractor for software, addressing all aspects of development for our clients from project planning and engineering to financing and monetization," says Romel Alibudbud, Vice President of Sales and Alliances of Atimi. "Software companies are generally limited to standard payment options or ad-supported versions to monetize their products online. But our partnership with TrialPay gives our clients a new way to make profits on the Web."

By adding TrialPay to their list of industry recommendations, Atimi ensures their clients remain at the forefront of e-commerce technology. TrialPay is a revolutionary online payment platform that lets customers pay for products by interacting with one of 2,000 blue-chip advertisers (e.g. sending flowers from FTD, signing up for Blockbuster or buying clothes from Gap). TrialPay boosts online sales, increases trial upgrades and improves e-mail campaign performance by providing thousands of ways to pay. More than 6,000 premier merchants use the TrialPay platform, including a number of software industry leaders.

"Atimi offers the most comprehensive software development to some of the highest-quality companies in the world, and now TrialPay can help ensure that their clients follow best practices in e-commerce," says Alex Rampell, co-founder and CEO of TrialPay. "We are thrilled that such a renowned developer recognizes and endorses TrialPay as a successful way for software companies to monetize online sales."

About Atimi Software Inc.

Atimi Software Inc. is a cross-platform development company that specializes in Macintosh applications, porting applications from Windows to the Macintosh, and mobile application development for the new generation of smartphones. As a pure services company, Atimi handles high-value intellectual property for some of the largest technology companies in the world. Atimi's processes ensure their clients reach their projected targets reliably and efficiently, allowing them to focus on building strong, lasting relationships with their own customers. Atimi is a privately owned Canadian corporation with offices in Vancouver, Nevada, and Bangalore. For more information, visit .

About TrialPay, Inc.

TrialPay is the only payment method that increases a customer's willingness to pay. Visa, MasterCard, PayPal and other standard payment options process transactions but they do nothing to boost sales. TrialPay entices shoppers to complete their purchase by giving a 2-for-1 with every transaction. Shoppers get their original product for free by completing one offer from blue-chip advertisers. With TrialPay, everyone wins: merchants make more sales from their current traffic, advertisers acquire new customers on a pay-for-performance basis and shoppers get a free product with every purchase.

TrialPay works with more than 6,000 premium merchants, including McAfee, The Wall Street Journal, Skype, and other industry leaders in software, games, publishing, online services and retail. TrialPay currently has more than 12 million registered users and offers 2,000 ways to pay by transacting with name-brand advertisers. For more information, visit

Source: Company press release.

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Another TJ Max Data Breach Indictment?

N.Y. man indicted for role in data breaches

By Jaikumar Vijayan , Computerworld , 11/04/2008

Sniffer Program Captures Card Payment Data
A New York man has been charged with providing co-conspirators with a 'sniffer' program for capturing payment card data as it traveled across corporate networks, apparently the latest person to be indicted in connection with data breaches at TJX Companies Inc and other major retailers.

Stephen Watt, 25, of New York, was charged in U.S. District Court in Boston on Oct. 29 with unlawful access to computers, wire fraud, aggravated identity theft and money laundering.

The indictment makes no direct mention of Watt's role in a series of breaches at major retailers such as TJX, BJ's Wholesale Club, DSW Inc., OfficeMax Inc., Boston market, Barnes and Noble Inc., Sports Authority and Forever 21.

But it names Albert Gonzalez as one of the individuals Watt supplied the sniffer programs to; Gonzalez has been indicted for his role as the alleged ring leader of the gang responsible for the retail break-ins. He has pleaded innocent to the charges.  A spokeswoman for the U.S. Attorney's office in Massachusetts Tuesday declined to comment on whether Watt's indictment is related to the retail breaches since it is not mentioned in the indictment.

Gonzalez was one of 11 people indicted in August in a massive identity theft and computer fraud scheme involving some of the largest data breaches in recent U.S. history. Gonzalez and his gang are accused of breaking into numerous retail networks and stealing payment card data -- including data on nearly 44 million cards from TJX alone -- over a five-year period starting from 2003.

The thefts relied on vulnerabilities in the wireless networks used at retail store locations: Gonzalez and others would go "war-driving" in commercial areas of Miami looking for vulnerable retail networks. Once they broke into a network, they would locate and steal "Track 2" data from the magnetic stripe on the back of payment cards, as well as PIN-block data associated with debit cards. The gang is alleged to have maintained servers in the U.S., Latvia and Ukraine that were used to store tens of millions of stolen credit and debit card numbers.

So far, two of the indicted individuals have pleaded guilty to charges in the case. In September, Damon Patrick Toey pleaded guilty to four felony counts, including wire and credit card fraud and aggravated identity theft. He is scheduled to be sentenced on Dec. 10 in U.S. District Court in Boston, and faces a maximum prison term of five years and a fine of US$250,000 on each of the counts.

That same month, Christopher Scott, 25, of Miami become the second man to plead in the case. He faces a maximum of 22 years in prison and a $1 million fine. Scott also will forfeit the $400,000 or so that he made in profits from the payment card thefts.

Court documents filed in connection with Watt's indictment, meanwhile, said he was part of a criminal gang that between 2003 and 2008 broke into several corporate networks to steal payment card information and use or sell that information to others. The stolen funds were funneled through Internet currency exchanges and bank accounts in Latvia to conceal the source, ownership and control of the money.

Watt allegedly provided a sniffer program that allowed Gonzalez and other gang members to identify and capture credit and debit card data traveling over the networks they had broken into. In January, he edited and modified a sniffer program dubbed 'blabla" that was used by the gang and stored in a server with a Latvian IP address, according to the indictment.  (see graphic below)

If convicted, Watt faces up to five years in prison, a fine of $250,000 and three years of supervised released, according to a statement released by the U.S. Attorney's office in Massachusetts

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Visa and MasterCard under DOJ Investigation

Interesting week in the Payments Biz.  American Express disclosed it's under DOJ investigation (DOJ "Steering Investigation Towards American Express), and MasterCard released it's 3rd quarter results. (MasterCard Shares Soar on 3Q Results) while disclosing,  that it too, had received a request for information in October from the Department of Justice regarding rules related to merchant acceptance. 

Now it comes to my attention that Visa and the DOJ are dancing as well. 
MasterCard included in its Securities and Exchange Commission filing that it, along with Visa, has been under investigation by the Department of Justice regarding the allegations of antitrust activity.  MasterCard added that it is cooperating with the Justice Department in the investigation. 

The Justice Department is seeking information that focuses on reasons merchants scale back their acceptance of certain cards, information on penetration rates by merchant category, cobranded cards and transactions in various countries, MasterCard said.

The credit card companies have not admitted fault and never will... despite the hefty settlements they have now agreed to pay to Discover and American Express. 

The disclosure of the Justice Department inquiry comes a day after MasterCard said it lost $193.6 million, or $1.49 per share, during the third quarter as it took a $515.5 million charge related to a settlement agreement with Discover Financial Services.

MasterCard and rival Visa Inc. agreed last week to pay Discover up to $2.75 billion to settle an antitrust suit filed by Discover in 2004. The lawsuit claimed MasterCard and Visa had harmed Discover's business by preventing their member banks from issuing credit cards for Discover's network.

Visa said earlier in the week that credit card transactions growth slowed in September and "halted" in the first few weeks of October as the full weight of the economic crisis hit.  But the credit card processor said that "debit use continued to grow at strong rates".

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MasterCard to Promote Online Debit Card Usage

Maestro logoImage via Wikipedia
Source: MasterCard

MasterCard to promote online debit card usage with streamlined authentication

MasterCard has announced a new program that will improve the speed and convenience of using Maestro debit cards online and rapidly increase the number of locations where Maestro debit cards will be accepted.

The new program, Maestro Advance Registration Program, maintains the security of using Maestro cards while allowing e-commerce merchants to reach a largely untapped audience by accelerating and streamlining online payments.

To date, all e-commerce purchases on Maestro cards leverage MasterCard SecureCode authentication to ensure the highest security for payment card transactions. The Maestro Advance Registration Program enables select online merchants to accept Maestro cards for e-commerce transactions by using SecureCode to enroll the customer during the first transaction. Subsequent purchases the same customer makes at the merchant web site using the same Maestro account can now be processed without MasterCard SecureCode authentication, making repeat buying both convenient and fast.

"With a growing number of worldwide virtual shoppers buying items 24/7 we need to provide payment systems that are quick, safe and familiar to customers. The Maestro Advance Registration Program enables Maestro cardholders to shop online using a secure platform while maintaining the merchants' highly effective and convenient checkout experience," said Yves Lalieu, Business Leader at MasterCard Europe.

In countries where cardholders have the choice to use debit cards for their online shopping, a significant percentage have done so.  In many countries, there is limited or no access to online purchases using debit cards.

"With the new Maestro Advance Registration program, the whole e-commerce payments landscape will change, facilitating consumer access to online purchases using debit cards. Issuers are looking differently at e-commerce and are ready to activate Maestro cards in new environments to innovate, differentiate and create new value for their customers. And retailers are confident in accepting online payments from customers around the world using Maestro-branded debit cards, one of the most secure global payment card solutions available today," commented Luke Olbrich, Vice President, MasterCard Europe Debit.

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