Monday, September 26, 2011

SmartMetric Fingerprint Biometrics to Replace PIN in the Next Generation Banking Cards

September 26, 2011 09:45 ET
Market Size for the SmartMetric Biometric Fingerprint Activated Banking Card Is in Excess of 1.24 Billion Cards Worldwide
BUENOS AIRES, ARGENTINA--(Marketwire - Sep 26, 2011) - SmartMetric, Inc. (OTCBBSMME) President & CEO of SmartMetric, Inc. C. Hendrick, said that the company's advanced integration of a fingerprint scanner inside a SmartCard provides the company with a technological platform that when combined with the credit card industry standard EMV application allows for the next generation of Banking and Credit Cards to be Biometric Fingerprint activated Cards. Thereby introducing a higher level of security then what is available to date on Credit and ATM Cards.
EMV is a global standard for credit and debit payment cards based on chip card technology. As of the end-2010, there were more than 1.24 billion EMV compliant chip-based payment cards in use Worldwide with more than 15.4 million EMV terminals around the World according to information on the EMV Co 1 2 3 4 website.
Often referred to as "chip and pin" cards used in the Banking Industry, an EMV standard ATM Card or Credit Card is a SmartCard the size of a standard credit card with a surface mounted chip that is read by an EMV compliant reader along with input of a user's pin number. Creating the often used term in the Banking industry across Europe and other parts of the World as, "Chip & Pin Bank Cards."
SmartMetric has overcome the least secure aspect of the Chip & Pin cards in its reliance on the least secure aspect, namely the use of a "PIN" with the advanced security of Biometrics.
The next Generation of the 1.24 Billion issued "Chip & Pin" Banking Cards is the SmartMetric Fingerprint Card that uses the same chip and works with the 15.4 million existing terminals around the world but replaces the least secure Pin with the most secure technology namely Fingerprint Biometrics.
SmartMetric plans on launching its Banking Industry Fingerprint Activated Card technology in the First Quarter of 2012 after the completion of its mass production manufacturing facility in Latin America.
1 - 
2 About EMV - EMV® is a global standard for credit and debit payment cards based on chip card technology. As of end-2010, there were more than 1.24 billion EMV compliant chip-based payment cards in use worldwide. 
3 About EMV Co. - EMVCo, owned by American Express, JCB, MasterCard and Visa, manages, maintains and enhances the EMV®1 Integrated Circuit Card Specifications to ensure global interoperability of chip-based payment cards with acceptance devices including point of sale terminals and ATMs.
4 EMV is a registered trademark in the U.S. and other countries, and is an unregistered trademark in other countries, owned by EMVCo.
About the SmartMetric:
The SmartMetric, Biometric Card Computer provides powerful computing with large memory capacity in a revolutionary size that has taken more than 10 years of research and development. Using the latest in sub micro technology electronics, the company has achieved a level of miniaturization that allows it to release a solution of portable computing power that combined with SmartMetric's biometric fingerprint in-card scanning technology, is so revolutionary it will change the way business is done and information is handled across a broad range of industries. For further information please go to the company website:

SelectCore Launches First Mobile Banking App for Iridium MasterCard

SelectCore Ltd. 
September 26, 2011 09:16 ET
TORONTO, ONTARIO--(Marketwire - Sept. 26, 2011) - SelectCore Ltd. (the "Company") (TSX VENTURE:SCG), a prepaid telecom and financial services transaction processor for the under-banked consumer market, is pleased to announce the launch of the Company's first mobile banking app for Iridium MasterCard.
The Company's first generation Blackberry app is available free of charge to registered Iridium Cardholders. The app is secure, easy to use and can be downloaded instantly from the cardholder's online account.
The new mobile banking app allows cardholders to conveniently:
- check their account balance
- view recent transaction history including purchases, loads and more
- money-share between other Iridium cardholders in real-time
- and more
The new Iridium app for Blackberry devices is the latest development in SelectCore's efforts to offer industry-leading technology that provides for a superior user experience. Cardholders can now conveniently manage their account and send money to other Iridium cardholders from anywhere in the world while on the go 24-hours-a-day, 7-days-a-week, 365-days-a-year.
SelectCore also intends to launch this mobile banking app for iPhone and Android devices.
In addition to the new smart-phone applications, Iridium cardholders are provided with other convenient account access tools including IVR, live agent support, online and SMS.
The next phase of the Company's mobile strategy is to introduce a complete 'mobile wallet' solution utilizing near-field communications (NFC) payment technology. As payment networks, processors and acquirers continue to deploy NFC technology and point-of-sale devices, Iridium customers will be able to use their mobile wallet instead of a traditional card to make purchases at millions of merchant locations worldwide.

Gilbarco to Demonstrate Mobile Wallet Capability at NACS

September 26, 2011 07:57 ET
Emerging Payment Landscape Brings New Opportunities for Convenience Retailers
GREENSBORO, NC--(Marketwire - Sep 26, 2011) - Gilbarco Veeder-Root will demonstrate mobile wallet payments at the gas pump at this year's National Association of Convenience Stores (NACS) Show, October 2 - 4, McCormick Place, Chicago, booth 6432. The company will feature the new technology, based on Near Field Communications (NFC) standards, in its leading Gilbarco® Encore® dispenser line.
Mobile payments are expected to significantly alter the payment landscape in the U.S. Customers will experience unparalleled convenience by accessing their credit, debit and loyalty cards through mobile phone applications. Retailers will be able to provide further value to consumers and drive customer loyalty and sales with enhanced loyalty programs, couponing and targeted promotions and offers.
"Convenience stores and gas stations represent a large market," said Jaymee Johnson, head of marketing at Isis. "Isis and NFC will unlock new levels of functionality to help retailers improve their businesses and connect with consumers in new and exciting ways." Convenience store revenues account for more than 4% of the country's GDP, according to the NACS.
"Google, Isis (a joint venture of Verizon, AT&T and T-Mobile), PayPal, VISA and others have announced plans to launch mobile wallet products," said Richard Browne, Gilbarco Veeder-Root's Vice President of Marketing for North America. "Adding the advantages of the mobile wallet to both the forecourt and in-store point of sale positions convenience store retailers to enhance the consumer experience."
About Gilbarco Veeder-RootGilbarco Veeder-Root is the worldwide technology leader for retail and commercial fueling operations. We offer the broadest range of integrated solutions from the forecourt to the convenience store and head office. For almost 150 years, Gilbarco has earned the trust of its customers by providing long-term partnership, uncompromising support and proven reliability. In fact, we help manage the business and maximize the bottom lines for 19 of the top 20 convenience store operators in the U.S. Gilbarco Veeder-Root. Technology with a human touch.

Green Dot to Partner with PCI Security Standards Council to Help Shape Payment Data Security Worldwide

MONROVIA, Calif.--(BUSINESS WIRE)--Green Dot Corporation (NYSE: GDOT), a leading prepaid financial services company, today announced it has joined the PCI Security Standards Council to contribute to the improvement of payment data security worldwide through the ongoing development of the PCI Security Standards.
“We look forward to playing an active role in shaping the security of the payment chain globally”
As a Participating Organization, Green Dot will play an active role in the standards setting process. Endorsed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., the PCI Security Standards require merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data protection.
“We look forward to playing an active role in shaping the security of the payment chain globally,” said John Coffey, Chief Information Security Officer of Green Dot. “Green Dot has always made security a priority and see our membership in the PCI Security Standards Council as a way to further demonstrate our leadership in the industry as a company committed to implementing critical information security policies.”
The Council relies on involvement of those across the payments processing chain to enhance payment data security globally while embracing new technologies as they are developed.
“In an era of increasingly sophisticated attacks on systems, adhering to the PCI DSS represents an entity’s best protection against network security threats and data breaches,” said Bob Russo, General Manager of the PCI Security Standards Council. “By joining as a Participating Organization, Green Dot is demonstrating its commitment to drive the security standards to higher levels of adoption and strength.”
About Green Dot Corporation
Green Dot is a leading prepaid financial services company providing simple, low-cost and convenient money management solutions to a broad base of U.S. consumers. Green Dot also owns and operates the Green Dot Network, the nation's leading prepaid card reload network. Green Dot products are available online at and at more than 55,000 retail stores, including Walmart, Walgreens, CVS, Rite Aid, 7-Eleven, Kroger, Kmart, Meijer, and Radio Shack. Green Dot is headquartered in the greater Los Angeles area. For more details, visit
About the PCI Security Standards Council
The PCI Security Standards Council is an open, global forum that is responsible for the development, management, education and awareness of the PCI Data Security Standard (PCI DSS) and other standards that increase payment data security. Founded in 2006 by the major payment card brands American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., the Council has more than 600 Participating Organizations representing merchants, banks, processors and vendors worldwide. To learn more about playing a part in securing payment card data globally, please visit:
Connect with the PCI Council on LinkedIn:
Join the conversation on Twitter:!/PCISSC

Disqus for ePayment News