Tuesday, March 30, 2010

HomeATM Names New CEO

Mar. 30, 2010, HomeATM is pleased to announce the appointment of Mitchell Cobrin as President and CEO.  Mitchell has been working with the company for 4+ years as COO and has a proven track record in secure payments and strategic business development.
Cobrin has developed  a 2 pronged approach for the company; “firstly, we will continue to work closely with the EFT networks to deliver our traditional model of home-based transactions.  We have made very good progress and have several networks on board.   Additionally, we are focusing on our agnostic mobile platform for ‘aCommerce’ ~ “anywhere commerce”.  The company delivers a full solution, complete with middleware and backend processing for any field based merchant such as taxis, MLM, food service delivery etc”.  Cobrin continued;  “HomeATM’s solution features a light and seamless interface for any PC, Mac,  tablet, iPad or mobile device (iPhone, Berry, Droid, Motorola, Samsung etc.) instantly resulting in the device becoming a certified POS system. The suite can also plug in to established middleware such as QuickBooks to leverage their merchant interface while offering secure card present (PIN debit or credit card) transactions.  The solution is substantially less expensive and more secure than any other offerings in this market segment. 


At the end of April, the company will be launching a site where merchants can order products and processing services as well as complete bundled merchant solutions.  The site will feature the various PCI certified PIN entry devices, card readers and payment products.  Cobrin added; “the solution has already been well received by the ISO community who are eager to address the emerging market”.  


About HomeATM
HomeATM is a global security and payment technology provider with a patented and proprietary suite of hardware and software services for secure online and mobile PIN debit and credit card transactions.  HomeATM’s agnostic “aCommerce” platform makes it ideal for eCommerce, mCommerce, P2P, retail line-busting as well as traditional field services such as food delivery or taxi services.  HomeATM’s PCI certified PIN entry device and bank grade secure end–to-end ecosystem provide greater security, reliability, convenience and return on investment for consumers, merchants, networks, issuers and acquirers.


For further info:
Tel. 408-416-3302


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HomeATM Names New CEO

Mar. 30, 2010, HomeATM is pleased to announce the appointment of Mitchell Cobrin as President and CEO.  Mitchell has been working with the company for 4+ years as COO and has a proven track record in secure payments and strategic business development.
Cobrin has developed  a 2 pronged approach for the company; “firstly, we will continue to work closely with the EFT networks to deliver our traditional model of home-based transactions.  We have made very good progress and have several networks on board.   Additionally, we are focusing on our agnostic mobile platform for ‘aCommerce’ ~ “anywhere commerce”.  The company delivers a full solution, complete with middleware and backend processing for any field based merchant such as taxis, MLM, food service delivery etc”.  Cobrin continued;  “HomeATM’s solution features a light and seamless interface for any PC, Mac,  tablet, iPad or mobile device (iPhone, Berry, Droid, Motorola, Samsung etc.) instantly resulting in the device becoming a certified POS system. The suite can also plug in to established middleware such as QuickBooks to leverage their merchant interface while offering secure card present (PIN debit or credit card) transactions.  The solution is substantially less expensive and more secure than any other offerings in this market segment. 


At the end of April, the company will be launching a site where merchants can order products and processing services as well as complete bundled merchant solutions.  The site will feature the various PCI certified PIN entry devices, card readers and payment products.  Cobrin added; “the solution has already been well received by the ISO community who are eager to address the emerging market”.  


About HomeATM
HomeATM is a global security and payment technology provider with a patented and proprietary suite of hardware and software services for secure online and mobile PIN debit and credit card transactions.  HomeATM’s agnostic “aCommerce” platform makes it ideal for eCommerce, mCommerce, P2P, retail line-busting as well as traditional field services such as food delivery or taxi services.  HomeATM’s PCI certified PIN entry device and bank grade secure end–to-end ecosystem provide greater security, reliability, convenience and return on investment for consumers, merchants, networks, issuers and acquirers.


For further info:
Tel. 408-416-3302


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Biz Vs. Bank: War of Words Heats Up

BankInfoSecurity.com






Featured News

Biz Vs. Bank: War of Words Heats up

Attorney: PlainsCapital Bank is 'Dodging and Weaving'

In what’s shaping up to be a heavyweight legal bout between a bank and its business customer, the attorney for Plano, TX-based Hillary Machinery accuses PlainsCapital Bank of “dodging and weaving” around the fundamental issue of reasonable security.
Photo






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Biz Vs. Bank: War of Words Heats Up

BankInfoSecurity.com






Featured News

Biz Vs. Bank: War of Words Heats up

Attorney: PlainsCapital Bank is 'Dodging and Weaving'

In what’s shaping up to be a heavyweight legal bout between a bank and its business customer, the attorney for Plano, TX-based Hillary Machinery accuses PlainsCapital Bank of “dodging and weaving” around the fundamental issue of reasonable security.
Photo






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New Regs Force PayPal to Suspend Japanese Personal Payments

PayPal Inc.
Finextra



After falling foul of regulators in India earlier this year, PayPal has been forced to suspend personal payments in Japan ahead of new rules set to come into play on 1 April.
In a blog, Kosuke Seto from PayPal's Japan team says that starting tomorrow, customers in Japan "will be unable to send personal payments to individuals using the PayPal "send money" service until further notice". Continues Seto: "The changes to our personal payment services are necessary in order for us to comply with new Japanese regulations that go into effect April 1st."  The new law requires firms to apply for a license to offer personal money transfer services.
Continue Reading at Finextra 

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New Regs Force PayPal to Suspend Japanese Personal Payments

PayPal Inc.
Finextra



After falling foul of regulators in India earlier this year, PayPal has been forced to suspend personal payments in Japan ahead of new rules set to come into play on 1 April.
In a blog, Kosuke Seto from PayPal's Japan team says that starting tomorrow, customers in Japan "will be unable to send personal payments to individuals using the PayPal "send money" service until further notice". Continues Seto: "The changes to our personal payment services are necessary in order for us to comply with new Japanese regulations that go into effect April 1st."  The new law requires firms to apply for a license to offer personal money transfer services.
Continue Reading at Finextra 

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Save $200 on Early-Bird Ticket to FinovateSpring 2010

Dear Fans of Finovate,
 
This is your last chance to register for an Early-Bird ticket for FinovateSpring in San Francisco on May 11th!  If you haven't already booked your ticket, make sure you register before the end of March (and use the discount below) to save a total of $200 off the regular ticket price.



This spring we've hand-picked 36 of the most cutting-edge companies in the fintech sphere to appear our stage.  Each company will have just 7 minutes to demo (no slides allowed!) their latest products and innovations in front of the entire audience.  Finovate's unique, single-track format guarantees that you will be able to see all 36 demos in a single day, giving you an incredible opportunity to put your finger on the pulse of fintech.
 
We recently announced our presenters to the world, and in case you missed it, here are the companies who will be showing off their latest at FinovateSpring: 



  • Backbase

  • Bill.com

  • Billeo

  • Bobber Interactive

  • Check Point

  • ConsumerDirect

  • Continuity Control

  • Controlabill

  • Cortera

  • Cross Commerce Media

  • DebtGoal

  • eRollover

  • Expensify

  • Fiserv

  • FTRANS

  • The Garland Group

  • Ideon FS

  • Jemstep

  • Kabbage

  • Liqpay.com

  • MoneyAisle

  • oFlows

  • Pageonce

  • Point of Wealth Systems

  • SafetyPay

  • Segmint

  • Silver Tail Systems

  • TransUnion Interactive

  • TSYS

  • UBank

  • Visa

  • Wikinvest

  • WorkLight

We will also be announcing a handful of stealth startup companies as we approach the event date.



In addition to the demos from the above companies, FinovateSpring will also include significant networking time to enable you to connect with the presenting companies' executives and other members of our top-notch audience.  To see a list of some of the great organizations you'll find in the audience at FinovateSpring, check out our attendee page.


Register now using the discount code fan1010 to save $100 off of the already discounted Early-Bird price, for a total savings of $200 per ticket.  The price goes up on April 1st, so act now to join your colleagues and see the future of finance first!
Sincerely,
Jim Bruene, Editor of Online Banking Report and Founder of Finovate

& Eric Mattson, CEO of Finovate


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Save $200 on Early-Bird Ticket to FinovateSpring 2010

Dear Fans of Finovate,
 
This is your last chance to register for an Early-Bird ticket for FinovateSpring in San Francisco on May 11th!  If you haven't already booked your ticket, make sure you register before the end of March (and use the discount below) to save a total of $200 off the regular ticket price.



This spring we've hand-picked 36 of the most cutting-edge companies in the fintech sphere to appear our stage.  Each company will have just 7 minutes to demo (no slides allowed!) their latest products and innovations in front of the entire audience.  Finovate's unique, single-track format guarantees that you will be able to see all 36 demos in a single day, giving you an incredible opportunity to put your finger on the pulse of fintech.
 
We recently announced our presenters to the world, and in case you missed it, here are the companies who will be showing off their latest at FinovateSpring: 



  • Backbase

  • Bill.com

  • Billeo

  • Bobber Interactive

  • Check Point

  • ConsumerDirect

  • Continuity Control

  • Controlabill

  • Cortera

  • Cross Commerce Media

  • DebtGoal

  • eRollover

  • Expensify

  • Fiserv

  • FTRANS

  • The Garland Group

  • Ideon FS

  • Jemstep

  • Kabbage

  • Liqpay.com

  • MoneyAisle

  • oFlows

  • Pageonce

  • Point of Wealth Systems

  • SafetyPay

  • Segmint

  • Silver Tail Systems

  • TransUnion Interactive

  • TSYS

  • UBank

  • Visa

  • Wikinvest

  • WorkLight

We will also be announcing a handful of stealth startup companies as we approach the event date.



In addition to the demos from the above companies, FinovateSpring will also include significant networking time to enable you to connect with the presenting companies' executives and other members of our top-notch audience.  To see a list of some of the great organizations you'll find in the audience at FinovateSpring, check out our attendee page.


Register now using the discount code fan1010 to save $100 off of the already discounted Early-Bird price, for a total savings of $200 per ticket.  The price goes up on April 1st, so act now to join your colleagues and see the future of finance first!
Sincerely,
Jim Bruene, Editor of Online Banking Report and Founder of Finovate

& Eric Mattson, CEO of Finovate


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World of Consumer Payment Trends Continues Evolution as Credit Card Usage Falls and Online Payments Surge



World of Consumer Payment Trends Continues Evolution as Credit Card Usage Falls and Online Payments Surge
NEW YORK, NY--(Marketwire - March 29, 2010) - Though cash remains king in post-recession America, the world of payments continues to change as consumers back off checks and credit cards, debit cards move toward saturation, online payment options proliferate, and contactless payments and mobile payments move closer on the horizon.
Currently, 54% of U.S. adults cite cash as their preferred form of payment, according to market research publisher Packaged Facts in Consumer Payment Trends in the U.S., which relies primarily on data compiled by Experian Simmons' Spring 2009 adult consumer survey. Meanwhile, 68% of American adults have a debit card in their wallet and 67% have a credit card; though only 53% of adults may be considered active credit card users with transactions in the last thirty days.
Fear of the vicious cycle of debt associated with credit cards, in addition to consumer frustration brought on by the aggressive efforts by many credit card companies to squeeze more profits from their customers since the onset of the recession, have resulted in stagnant ownership and fewer transactions. The report reveals that the falling percentage of consumers who have used their credit cards in the last twelve months indicates that more people are keeping their accounts open for emergency purposes only while opting to use the equally convenient -- and still popular -- debit card instead.
More than half of American adults still pay bills with checks due to the security checks offer when sending payments through the mail and because they don't expose consumer accounts to the electronic vulnerabilities that can be exploited by high-tech thieves. Nevertheless, the time-consuming disadvantages of checks appear to be outweighing the advantages, especially as Americans turn increasingly to electronic forms of payment.
"The two minutes required to process a check simply can't compete with the contactless credit cards in development that require two or three seconds to complete a transaction," says Don Montuori, publisher of Packaged Facts. 
Online payments are benefiting from the shift toward electronic forms of payment, and in many ways they are also helping to drive that shift. Last year, 27% of U.S. adults -- 61 million people -- paid their bills online, a testament to both the robustness of online payments and how quickly Americans have taken to it as a viable payment option.
Contactless payment has had the fastest deployment of any emerging payments technology. Since mid-2005, leading financial issuers have placed tens of millions of contactless credit and debit cards and devices into the hands of consumers worldwide. The future for contactless payment will be the industry's ability to convince consumers the new payment form improves on existing ones.
Consumer Payment Trends in the U.S. examines consumer payment forms of all kinds, including credit cards, debit cards, gift/prepaid cards, cash, checks, online payment and emerging forms, with a focus on how consumer preferences have changed during the past five years and vis-à-vis the economic downturn and recovery. For further information, please visit:http://www.packagedfacts.com/redirect.asp?progid=77610&productid=2445009
About Packaged Facts -- Packaged Facts, a division of MarketResearch.com, publishes market intelligence on a wide range of consumer market topics, including consumer goods and retailing, foods and beverages, demographics, pet products and services, and financial products. Packaged Facts also offers a full range of custom research services. To learn more, visit: www.packagedfacts.com. Follow us on Facebook, LinkedIn and Twitter.
Contact:

Jenn Tekin

Packagedfacts.com

(240) 747-3015

jtekin@packagedfacts.com

World of Consumer Payment Trends Continues Evolution as Credit Card Usage Falls and Online Payments Surge



World of Consumer Payment Trends Continues Evolution as Credit Card Usage Falls and Online Payments Surge
NEW YORK, NY--(Marketwire - March 29, 2010) - Though cash remains king in post-recession America, the world of payments continues to change as consumers back off checks and credit cards, debit cards move toward saturation, online payment options proliferate, and contactless payments and mobile payments move closer on the horizon.
Currently, 54% of U.S. adults cite cash as their preferred form of payment, according to market research publisher Packaged Facts in Consumer Payment Trends in the U.S., which relies primarily on data compiled by Experian Simmons' Spring 2009 adult consumer survey. Meanwhile, 68% of American adults have a debit card in their wallet and 67% have a credit card; though only 53% of adults may be considered active credit card users with transactions in the last thirty days.
Fear of the vicious cycle of debt associated with credit cards, in addition to consumer frustration brought on by the aggressive efforts by many credit card companies to squeeze more profits from their customers since the onset of the recession, have resulted in stagnant ownership and fewer transactions. The report reveals that the falling percentage of consumers who have used their credit cards in the last twelve months indicates that more people are keeping their accounts open for emergency purposes only while opting to use the equally convenient -- and still popular -- debit card instead.
More than half of American adults still pay bills with checks due to the security checks offer when sending payments through the mail and because they don't expose consumer accounts to the electronic vulnerabilities that can be exploited by high-tech thieves. Nevertheless, the time-consuming disadvantages of checks appear to be outweighing the advantages, especially as Americans turn increasingly to electronic forms of payment.
"The two minutes required to process a check simply can't compete with the contactless credit cards in development that require two or three seconds to complete a transaction," says Don Montuori, publisher of Packaged Facts. 
Online payments are benefiting from the shift toward electronic forms of payment, and in many ways they are also helping to drive that shift. Last year, 27% of U.S. adults -- 61 million people -- paid their bills online, a testament to both the robustness of online payments and how quickly Americans have taken to it as a viable payment option.
Contactless payment has had the fastest deployment of any emerging payments technology. Since mid-2005, leading financial issuers have placed tens of millions of contactless credit and debit cards and devices into the hands of consumers worldwide. The future for contactless payment will be the industry's ability to convince consumers the new payment form improves on existing ones.
Consumer Payment Trends in the U.S. examines consumer payment forms of all kinds, including credit cards, debit cards, gift/prepaid cards, cash, checks, online payment and emerging forms, with a focus on how consumer preferences have changed during the past five years and vis-à-vis the economic downturn and recovery. For further information, please visit:http://www.packagedfacts.com/redirect.asp?progid=77610&productid=2445009
About Packaged Facts -- Packaged Facts, a division of MarketResearch.com, publishes market intelligence on a wide range of consumer market topics, including consumer goods and retailing, foods and beverages, demographics, pet products and services, and financial products. Packaged Facts also offers a full range of custom research services. To learn more, visit: www.packagedfacts.com. Follow us on Facebook, LinkedIn and Twitter.
Contact:

Jenn Tekin

Packagedfacts.com

(240) 747-3015

jtekin@packagedfacts.com

Strong Attendance and Participation at CARTES in Asia 2010 Sets Positive Tone for Asia’s Smart Technologies Industry

First CARTES in Asia event focused on developments around security, mobility, NFC and multi-application smart technologies across Asia Pacific

CARTES in Asia 2010
HONG KONG--(BUSINESS WIRE)--CARTES in Asia, a major regional exhibition and high-level congress covering digital security and smart technology, concluded on March 18 in Hong Kong after featuring some of Asia’s most important security, RFID and smart technology innovations.
“CARTES in Asia is a must-attend event for any company serious about doing business in security, smart technology or RFID in the Asian market”
A total of 116 exhibitors, including Advanced Card Systems, MasterCard, Watchdata, STMicroelectronics and VeriFone, showcased some of the industry’s most innovative products and solutions at the event.
Over 2,800 visitors and 320 conference attendees from 58 countries participated in CARTES in Asia 2010. As a result of the resounding success of the event, Comexposium is already renewing its commitment for next year. CARTES in Asia 2011 will take place in Hong Kong in March next year.
“CARTES in Asia is a must-attend event for any company serious about doing business in security, smart technology or RFID in the Asian market,” said Gilbert Leung, Sales Director, Advanced Card Systems. “The quality of attending delegates, and knowledge of speakers during the conference provided many opportunities for business, as we also managed to meet several new prospective customers. We will definitely return for CARTES in Asia in 2011.”
“CARTES in Asia 2010 featured numerous innovative solutions and ideas, and provided educational value for all conference attendees,” said Michael Weatherseed, Security Business Event Director, Comexposium. “We are already exploring new ways to provide additional tracks, expand the congress program and increase the available exhibition space for next year, which we anticipate, will be larger than this year’s event.”
Madam Zhang Qi, Director of the China Information Industry Trade Association and Chairman of RFID China Alliance led the China Smart Cards, RFID Delegation to CARTES in Asia. CIITA organised the China Pavilion with 18 companies, the China Golden Card Project display area and a RFID and Internet of Things Summit Forum.
For the first Asian edition of CARTES in Asia, Comexposium put together an exciting show that included: a solid speaker line-up with experts from some of the world’s most respected corporations; presentations on some of the most important new topics for the smart technology industry; and a strong set of exhibitors showcasing their newest products and solutions.
CARTES in Asia 2010 kicked off with the company’s prestigious SESAMES Awards ceremony. The Asian SESAMES Award, which recognises the most innovative application developed for the Asia Pacific market in the field of smart cards, digital security, identification, secure transactions, Internet of Things and contactless, featured the following winner: Watchdata. Watchdata is the developer of the DBS Live Fresh 3-in-1 Credit Card, which won for its capability to combine banking, transport and retail payment applications on a single-chip dual-interface smart card.
Some of the key exhibitors at CARTES in Asia 2010 included: China Unicom, Infineon Technologies, Mastercard Worldwide, Sony Corporation, Sophos, Toshiba Corporation, VeriFone, China Electronics Corporation, and Shanghai China Card Group.
Speakers from major corporations, banks and other security providers delivered compelling presentations on critical security, payment and banking issues for the smart technology and RFID industry. The security companies and payment businesses that presented included: American Express, Sony, SK Telecom, Sun Microsystems, Visa and others.
For the latest information on CARTES in Asia visit
the website: www.cartes-asia.com
Photos from the 2010 event available on request from LEWIS
Date:
Opening conference and Asian SESAMES Award ceremony: 16 March 2010
Exhibition and conferences: 17 & 18 March 2010
Place: Hong Kong - AsiaWorld-Expo, Hall 3
Organiser: Comexposium

Contacts

CARTES in Asia Media Contact:

Belle Pei / Yik Wai Yi

LEWIS Hong Kong

+ 852 2151 4711

lewishongkong@lewispr.com

or

Julie COCHET

Comexposium

+33 (0)1 76 77 12 13

julie.cochet@comexposium.com
Permalink: http://www.businesswire.com/news/home/20100330006008/en/Strong-Attendance-Participation-CARTES-Asia-2010-Sets
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Strong Attendance and Participation at CARTES in Asia 2010 Sets Positive Tone for Asia’s Smart Technologies Industry

First CARTES in Asia event focused on developments around security, mobility, NFC and multi-application smart technologies across Asia Pacific

CARTES in Asia 2010
HONG KONG--(BUSINESS WIRE)--CARTES in Asia, a major regional exhibition and high-level congress covering digital security and smart technology, concluded on March 18 in Hong Kong after featuring some of Asia’s most important security, RFID and smart technology innovations.
“CARTES in Asia is a must-attend event for any company serious about doing business in security, smart technology or RFID in the Asian market”
A total of 116 exhibitors, including Advanced Card Systems, MasterCard, Watchdata, STMicroelectronics and VeriFone, showcased some of the industry’s most innovative products and solutions at the event.
Over 2,800 visitors and 320 conference attendees from 58 countries participated in CARTES in Asia 2010. As a result of the resounding success of the event, Comexposium is already renewing its commitment for next year. CARTES in Asia 2011 will take place in Hong Kong in March next year.
“CARTES in Asia is a must-attend event for any company serious about doing business in security, smart technology or RFID in the Asian market,” said Gilbert Leung, Sales Director, Advanced Card Systems. “The quality of attending delegates, and knowledge of speakers during the conference provided many opportunities for business, as we also managed to meet several new prospective customers. We will definitely return for CARTES in Asia in 2011.”
“CARTES in Asia 2010 featured numerous innovative solutions and ideas, and provided educational value for all conference attendees,” said Michael Weatherseed, Security Business Event Director, Comexposium. “We are already exploring new ways to provide additional tracks, expand the congress program and increase the available exhibition space for next year, which we anticipate, will be larger than this year’s event.”
Madam Zhang Qi, Director of the China Information Industry Trade Association and Chairman of RFID China Alliance led the China Smart Cards, RFID Delegation to CARTES in Asia. CIITA organised the China Pavilion with 18 companies, the China Golden Card Project display area and a RFID and Internet of Things Summit Forum.
For the first Asian edition of CARTES in Asia, Comexposium put together an exciting show that included: a solid speaker line-up with experts from some of the world’s most respected corporations; presentations on some of the most important new topics for the smart technology industry; and a strong set of exhibitors showcasing their newest products and solutions.
CARTES in Asia 2010 kicked off with the company’s prestigious SESAMES Awards ceremony. The Asian SESAMES Award, which recognises the most innovative application developed for the Asia Pacific market in the field of smart cards, digital security, identification, secure transactions, Internet of Things and contactless, featured the following winner: Watchdata. Watchdata is the developer of the DBS Live Fresh 3-in-1 Credit Card, which won for its capability to combine banking, transport and retail payment applications on a single-chip dual-interface smart card.
Some of the key exhibitors at CARTES in Asia 2010 included: China Unicom, Infineon Technologies, Mastercard Worldwide, Sony Corporation, Sophos, Toshiba Corporation, VeriFone, China Electronics Corporation, and Shanghai China Card Group.
Speakers from major corporations, banks and other security providers delivered compelling presentations on critical security, payment and banking issues for the smart technology and RFID industry. The security companies and payment businesses that presented included: American Express, Sony, SK Telecom, Sun Microsystems, Visa and others.
For the latest information on CARTES in Asia visit
the website: www.cartes-asia.com
Photos from the 2010 event available on request from LEWIS
Date:
Opening conference and Asian SESAMES Award ceremony: 16 March 2010
Exhibition and conferences: 17 & 18 March 2010
Place: Hong Kong - AsiaWorld-Expo, Hall 3
Organiser: Comexposium

Contacts

CARTES in Asia Media Contact:

Belle Pei / Yik Wai Yi

LEWIS Hong Kong

+ 852 2151 4711

lewishongkong@lewispr.com

or

Julie COCHET

Comexposium

+33 (0)1 76 77 12 13

julie.cochet@comexposium.com
Permalink: http://www.businesswire.com/news/home/20100330006008/en/Strong-Attendance-Participation-CARTES-Asia-2010-Sets
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