PINcept.com: November 2009

86 Character Password or "Eighty-Six" Passwords Completely?

Help Net Security talks with an IT expert about what makes a strong password. They conclude that it should be no shorter than 86 symbols. So the way I see it, we have two choices.1. Create your 86 character password now. Here's an example:3sqk3hvo9xawk3n4ffsiUfxkwpx92skgnnsw1qQ2hdMjLg^9T%dsqwdK26aZdgvo95d02kfoeNsPsWauUs4J3S 2. Eighty-Six (Eliminate) Passwords CompletelyThat's the one that gets my vote. Think keyloggers care if they...

Posted by John B. Frank Monday, November 30, 2009 0 comments

Out of Band Authentication Compromised

Fraudsters Find a Flaw in Elite Authentication American Banker | Monday, November 30, 2009 by Rebecca SausnerBanks in the U.K. are battling fraudsters who have found a way to compromise out-of-band authentication — widely considered one of the strongest security formats... Continue Reading at American Banker (subscription requir...

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Will the UK Abolish Check Clearing?

UK May Abolish Check Clearing Bank Technology News | November, 2009by John AdamsThe trend toward cards and electronic payments has become strong enough that the largest banks in the United Kingdom are scheduled to vote soon on whether to stop clearing checks.Members of the United Kingdom’s Payments Council, consisting of banks, are scheduled to vote in Dec. 16, with an announcement on the vote scheduled for January. A...

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eBillme Announces Revenue Sharing Program for FI's

Image via CrunchBase!--.bwtextaligncenter {text-align: center}--> Today eBillme™, the most secure payment option online that enables consumers to use online banking and bill pay services to pay now, pay securely, and use available funds, announces a new revenue sharing program for financial institutions, bill pay portals, and walk-in networks. As part of this new program, eBillme will offer a revenue share for every eBillme transaction...

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Visa Europe Predicts Busiest Ever ‘Mega Monday’ for Online Shopping

Visa Europe predicts that Monday November 30 will be the busiest ever day for online shopping in Europe and over 3,000 transactions carried by cardholders of Visa cards set to take place every minute on a Visa card across Europe.Visa Europe says over €318 million is likely to be spent by European cardholders of Visa cards in Europe, with two thirds taking place on Visa debit cards. The volume of transactions is also expected to increase...

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MasterCard to Host Investment Community Webcast at the Goldman Sachs U.S. Financial Services Conference 2009

PURCHASE, N.Y., Nov. 30 -- On Tuesday, December 8, Tim Murphy, Group Executive, Core Products for MasterCard (NYSE: MA), will participate in the Goldman Sachs U.S. Financial Services Conference 2009 in New York City. The discussion will begin at 3:30 p.m. (Eastern) and last for approximately 40 minutes.A listen-only live audio webcast will be accessible through...

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75% of Consumers Feel Online Shopping Less Safe than Retail Shopping

Is Online Shopping Safe for the Holiday Season? New Study Shows Consumers May Be Misinformed Regarding Identity Theft Risks IRVINE, Calif.--(BUSINESS WIRE)--Consumers may have incorrect perceptions regarding identity theft while shopping for the holidays, according to a study commissioned by ProtectMyID.com™, the multilayered...

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iPhone Virus Designed to Steal Online Banking Passwords at Phoney Websites

From Mobile Financial dot Com:This virus is designed to steal online banking passwords and scrape the user's SMS messages. It is basically a phishing attack whereby it dupes iPhone users visiting their online banking website with a "phoney" look-alike to steal their passwords. There have been confirmed reports of this happening in the Netherlands with users accessing ING online banking from their phones.While these viruses have only targeted...

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Digital River to Participate at the Airline & Travel Payments Summit

MINNEAPOLIS--(BUSINESS WIRE)--Digital River, Inc. (NASDAQ:DRIV), a leading provider of global e-commerce solutions, announced its business unit, Netgiro Systems, will participate in an industry panel at the Airline & Travel Payments Summit. The event is being held Dec. 2-3, 2009, at the Wyndham Miami Airport...

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Columbia's Largest Bank Deploys Actimize Card

Image via WikipediaBancolombia Works with Actimize, a NICE Company, and Unisys to Build Stronger Enterprise-Wide Fraud Management ProgramColombia's Largest Bank Deploys Actimize Card, Remote Banking, Deposit, Wire and Employee Fraud Prevention Solutions on a Single Technology PlatformNEW YORK, November 30 /PRNewswire-FirstCall/ -- Actimize, a NICE Systems (NASDAQ:NICE) company and the largest and broadest provider of a single financial...

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Alternative Payments 101 from TDG-PHENIX

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British Postal Strike Hurts eCommerce

British shoppers spend £4.2 billion online in OctoberGrowth in e-retail sales was down by 7% over two weeks, due to postal strikes, according to IMRG Capgemini e-Retail Sales Index. However, the index saw 11.8% increase year on year and 8.4% month on month in e-retail sales. British shoppers spend £4.2 billion online in October. According to the index, delivery concerns had a noticeable impact on online clothing sales with 13.2%...

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BillMyParents™ and Offerpal Media Form a Strategic Partnership

Partnership to Provide Innovative Payment Solutions for Tweens and Teens OnlineSAN DIEGO--(BUSINESS WIRE)--Socialwise, Inc. (OTCBB:SCLW) today announced that it has entered into a strategic partnership with Offerpal Media (www.offerpal.com), the leading provider of virtual currency monetization solutions for more than 160 million users on social networks, online games, and virtual worlds. The two companies will...

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Discover: Small Biz Confidence Lowest in Nine Months

Discover® Small Business WatchSM: Small Business Economic Confidence Plunges to Lowest Level in Nine Months Cash Flow Concerns Increase, Economic Conditions Worsen EXPECTATIONS ARE LOW FOR THE HOLIDAYS 46% of Small Business Owners Expect Lower Sales Over 2008 RIVERWOODS, Ill.--(BUSINESS WIRE)--Economic confidence among America’s...

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PayPal 20% More Productive This Black Friday vs. Last

SAN JOSE -- Black Friday was a big day for San Jose-based eBay's PayPal division. The payment processing company announced that it 20% more productive this year than it was for Black Friday 2008.While the company did not release its total payment volume, it claimed that its Payflow Gateway system handles about 25% of e-commerce and its direct sales account for 12% of all e-commerce.In addition, PayPal noted that one of the main differences...

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FT.com On Interchange

Interchange feesPublished: November 29 2009 18:50 | Last updated: November 30 2009 09:28The way retailers pay banks when customers spend on plastic is peculiar. Fees are split: the processing bank takes some, with the bulk going to the bank that issued the card. The large networks – Visa and MasterCard, which handle almost three-quarters of US card purchases – do not make revenues from so-called interchange directly. They instead charge...

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Payments Systems in India - Vision 2009-12

India may soon have a domestic payment card system — a rival to multinational card associations like Visa and MasterCard. The Reserve Bank of India (RBI) is looking into the potential possibility of a domestic payment card which would handle credit and debit card transactions inside that country. This project is strongly supported by Indian banking Association (IBI) which is the leader in Indian Banking. Here's the report, along with...

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More On Black Friday (Benchmark Report from Coremetrics)

SAN MATEO, CA--(Marketwire - November 28, 2009) - The U.S online retail sector delivered a strong comeback on Black Friday 2009 compared to the same period last year, according to Coremetrics, the leader in marketing optimization. This analysis, delivered as part of Coremetrics' second annual Black Friday Benchmark Report, reveals the following trends and patterns as of 12:00 am PST: The average dollar value that consumers spent per online...

Posted by John B. Frank Sunday, November 29, 2009 0 comments

Black Friday Online Retail Sales Grow 41% Over 2008

For the Record: Black Friday 2009 Online Retail Sales Grow 41% Over 2008 Reports Mercent; Mercent eCommerce Index Signals Strong Online Holiday SalesSEATTLE, WA--(Marketwire - November 28, 2009) - Mercent™, a leading provider of on-demand marketing solutions for retailers, today released the Mercent eCommerce Index™ for Black Friday and Thanksgiving Day 2009. The Mercent eCommerce Index is a scheduled report that measures the year-over-year...

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