"We are pleased to add EVERTEC to the Centinel platform," said Janet Kapostasy, VP of Global Financial Institution Services at CardinalCommerce. "With its enhanced security and international market presence, EVERTEC is a highly attractive payment offering for Caribbean and Latin America customers."

Through the partnership, EVERTEC is able to leverage Cardinal's team, which provides active monitoring and quality assurance so participating merchants receive the maximum benefits of VbV and SecureCode -- including the potential for fraudulent chargeback protection and interchange savings. By utilizing Cardinal's hosted platform, EVERTEC customers will also have the benefit of improved reliability and speed for VbV and MasterCard SecureCode transactions, as well as the more than 25 alternative Payment Brands that Cardinal offers.

EVERTEC, Inc. is a leading provider of transaction processing and outsourcing services including application processing, business process outsourcing and IT consulting to customers in 16 countries in a variety of industries. Other services also include payment, cash and item processing. EVERTEC's commitment with their business partners is to provide the highest quality solutions, adding value and operational efficiency to the financial, government, manufacturing, telecommunications and services institutions it serves.

Operating in nine countries within the Caribbean and Latin America, EVERTEC supports a variety of production platforms ranging from portable payment devices to high-end mainframe systems. EVERTEC's experience and knowledge make its offering the most comprehensive in these regions, enabling them to deliver single-source solutions to complex business problems through the integration of best-in-class components.

CardinalCommerce Corporation is the global leader in enabling authenticated payments, secure transactions, and alternative payment brands for both eCommerce and mobile commerce.

Cardinal Centinel^® enables payment brands such as Verified by Visa, MasterCard^® SecureCode^™, Amazon Payments^™, Bill Me Later^®, ClickandBuy^®, Cred-Ex^®, Ebates^™, eBillme^™, eLayaway^™, Google^™ Checkout, Green Dot^® MoneyPak^®, Mazooma^™, Moneta^®, MyECheck, NACHA^® Secure Vault Payments (SVP), NYCE^® SafeDebit^™, OneTouch Online Purchasing^™, paysafecard, PayPal^™, RevolutionCard^™, SafetyPay^™, TeleCheck^®, Ukash^®, and more to a network of thousands of merchants and merchant service providers.

Cardinal's mobile commerce platform, Cardinal MAX^™, makes it simple for retailers to sell and market products through the mobile channel. Cardinal's proprietary and easily deployable technology provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct authenticated Internet, wireless and mobile transactions safely and securely.

Headquartered in Cleveland, Ohio, with facilities in the United States, Europe, and Africa, Cardinal services a worldwide Customer base.

For more information, visit www.cardinalcommerce.com.

The CardinalCommerce logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=697

CONTACT:  CardinalCommerce Corporation
          Media contact:
          Janet L. Kapostasy, VP of Global Financial Institution Services 
          877.352.8444
          
 jkapostasy@cardinalcommerce.com 

"We are pleased to add EVERTEC to the Centinel platform," said Janet Kapostasy, VP of Global Financial Institution Services at CardinalCommerce. "With its enhanced security and international market presence, EVERTEC is a highly attractive payment offering for Caribbean and Latin America customers."

Through the partnership, EVERTEC is able to leverage Cardinal's team, which provides active monitoring and quality assurance so participating merchants receive the maximum benefits of VbV and SecureCode -- including the potential for fraudulent chargeback protection and interchange savings. By utilizing Cardinal's hosted platform, EVERTEC customers will also have the benefit of improved reliability and speed for VbV and MasterCard SecureCode transactions, as well as the more than 25 alternative Payment Brands that Cardinal offers.

EVERTEC, Inc. is a leading provider of transaction processing and outsourcing services including application processing, business process outsourcing and IT consulting to customers in 16 countries in a variety of industries. Other services also include payment, cash and item processing. EVERTEC's commitment with their business partners is to provide the highest quality solutions, adding value and operational efficiency to the financial, government, manufacturing, telecommunications and services institutions it serves.

Operating in nine countries within the Caribbean and Latin America, EVERTEC supports a variety of production platforms ranging from portable payment devices to high-end mainframe systems. EVERTEC's experience and knowledge make its offering the most comprehensive in these regions, enabling them to deliver single-source solutions to complex business problems through the integration of best-in-class components.

CardinalCommerce Corporation is the global leader in enabling authenticated payments, secure transactions, and alternative payment brands for both eCommerce and mobile commerce.

Cardinal Centinel^® enables payment brands such as Verified by Visa, MasterCard^® SecureCode^™, Amazon Payments^™, Bill Me Later^®, ClickandBuy^®, Cred-Ex^®, Ebates^™, eBillme^™, eLayaway^™, Google^™ Checkout, Green Dot^® MoneyPak^®, Mazooma^™, Moneta^®, MyECheck, NACHA^® Secure Vault Payments (SVP), NYCE^® SafeDebit^™, OneTouch Online Purchasing^™, paysafecard, PayPal^™, RevolutionCard^™, SafetyPay^™, TeleCheck^®, Ukash^®, and more to a network of thousands of merchants and merchant service providers.

Cardinal's mobile commerce platform, Cardinal MAX^™, makes it simple for retailers to sell and market products through the mobile channel. Cardinal's proprietary and easily deployable technology provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct authenticated Internet, wireless and mobile transactions safely and securely.

Headquartered in Cleveland, Ohio, with facilities in the United States, Europe, and Africa, Cardinal services a worldwide Customer base.

For more information, visit www.cardinalcommerce.com.

The CardinalCommerce logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=697

CONTACT:  CardinalCommerce Corporation
          Media contact:
          Janet L. Kapostasy, VP of Global Financial Institution Services 
          877.352.8444
          
 jkapostasy@cardinalcommerce.com 

Simply logging in with a password looks set to become technically passe.



'Passwords have been widely used because of their simplicity of implementation and use but are now regarded as providing minimal security,' the researchers say.



As repeated scare stories about hacking and identity theft pervade the media, consumers are becoming increasingly concerned about online security.



Further development of e-commerce and banking will be stifled if the issues of fraud and identity theft are not addressed, a University of Toledo release says.



The findings were published in the International Journal of Electronic Marketing and Retailing.

Simply logging in with a password looks set to become technically passe.



'Passwords have been widely used because of their simplicity of implementation and use but are now regarded as providing minimal security,' the researchers say.



As repeated scare stories about hacking and identity theft pervade the media, consumers are becoming increasingly concerned about online security.



Further development of e-commerce and banking will be stifled if the issues of fraud and identity theft are not addressed, a University of Toledo release says.



The findings were published in the International Journal of Electronic Marketing and Retailing.

With the price of fuel hovering at all time highs, many people have started counting the cost of the "shopping expedition" as well as the price of merchandise.

This has created the beginnings of a paradigm shift in the behavioral pattern of consumers and how they shop for goods.

Recent stories raising consumer awareness on the potential of becoming a victim to card cloning, card skimming, Wardriving, etc. etc. only adds to the momentum to forces driving consumers to shop online.

After all, online shopping literally eliminates the fuel factor, having one's own personal swiping device complete with PIN Entry capability virtually eliminates the potential for fraud and e-Commerce pricing usually beats anything found in bricks and mortar locations...and it always will. It simply costs less to provide an outlet of goods online and in the competitve landscape of such a world, those savings are passed on to consumers. In fact, according to an article published today in Red Orbit entitled: Sale of the Century Bargains are one of the biggest allures online retailers have to offer. Here's an excerpt:

"Part of the internet's popularity is down to its reputation for being the easiest place to bag a bargain. Falling broadband costs, a greater familiarity with e-shopping and increasing online offers mean it looks set to thrive, even against the backdrop of the credit crunch. In fact, online shoppers are buying more regularly than ever before: an average of 16.9 times each per year, an increase of 2.7 purchases each in 2006. This continues to force retailers of every type and size to use the format as part of the way they do business".

Thus, e-Commerce is booming worldwide, not just here in the States.

Therefore it is critical that companies begin to look at how to use the internet to drive sales. Not only should companies utilize the internet for marketing purposes, but they should look at it as a critical sales channel. The numbers speak for themselves. This is not a trend. It is truly a paradigm shift.

Consumers armed with high-speed access and positive online retail experiences are increasingly comfortable shopping online. Metrical analysis of the United States and Europe show trends of increased spending in online retail from last year, and the rate of transition from traditional to online shopping isn't showing signs of slowing down anytime soon. In fact, it's outpacing bricks and mortar, while percentages of online shoppers increase. (see "related stories" below)

e-Commerce is expected to boom for the next 5 years. I say longer. I say paradigm shift.

I say that the web is retail's big bad wolf and it's gonna huff and puff and blow some houses down. Bricks...and...mortar...and... all....oh my.

Kudos to the company that houses the global patent on bringing PIN Debit to the web in a browser environment! It's the most popular and fastest growing payment platform in the bricks and mortar world and has yet to take a foothold in the online payments space. That's about to change however and online retailers will jump at the opportunity to significantly reduce their payment processing costs, risk management, chargebacks and increase the security of the transaction. It's not if, it's when. Period.


Related articles by HomeATM PIN Debit Blog

Bringing PIN Debit to the Web is one of the last frontiers for e-payments. It's hugely popular in the bricks and mortar world, more secure than the current platform, and because of that security, enjoys interchange fees that are SIGNIFICANTLY lower...quite an enticing proposition for Internet Retailers. Previous attempts to bring PIN debit to the web have proved futile...HomeATM's prospects are nothing but fertile... Here's a recent article from eCommerce Times discussing why:

Even in a down economy, there is money to be made for those who know where to look. One such area of golden opportunity is the e-commerce sector. Many of the same factors that are dampening consumer spending in the brick-and-mortar world -- gas prices, for instance -- are driving shoppers online, notes Safeguard Scientific SVP Kevin Kemmerer.

The U.S. economy is in a funk, but that doesn't mean opportunities for venture investors have dried up. E-commerce is one sector that will see continued growth opportunities even in an economic downturn.

In fact, industry observers say growth and revenue opportunities for e-commerce ventures -- such as alternative payment options, are as attractive as ever.

Trends Converge

It's also a global industry, unrestrained by borders.

As the number of Internet users around the world rises, so too does the number of Internet shoppers and the amount they spend.

E-commerce remains appealing to consumers and interesting to VCs for several reasons. Increased Internet adoption, low-cost broadband, ubiquitous smartphones, increasingly sophisticated e-marketing technology and stronger security are driving consumers to shop online.When they shop, they typically find the goods they want at prices that local retailers find hard to beat. Better still, orders are delivered to consumers' doors for much less than the cost of a tank of gas.

It's a perfect competitive mix for today's current economic environment.

Fueling this rising tide are innovative companies that are identifying unmet needs (PIN based transactions are extremely popular in the bricks and mortar world.) or technological gaps in the global e-commerce infrastructure -- and then filling them with sophisticated new services or technologies. Some of the areas of highest activity:

* Security

Consumers lost a total of US $49.3 billion to identity theft last year, and the figure continues to climb. Online businesses are under increasing market and legislative pressure to keep shoppers' information safe. The opportunity for tech companies is to develop superior techniques for keeping sensitive information out of the hands of cyber-thieves. Clearly, conventional tools for dealing with viruses, phishing attacks, spyware and other malicious software aren't doing the job. Demand from consumers, merchants and financial institutions is sustaining healthy investment opportunities in young companies with a focus on security. (Editor's Note: PIN based transactions are the most secure transactions)

* New payment methods

With U.S. consumer debt at all-time highs, adjustable-rate mortgages squeezing homeowners, and food and fuel prices setting records, consumers are more willing than ever to consider alternative ways to pay.

This goes double for merchants, who are competing aggressively for buyers' loyalty and dollars.

That's opening doors for technology innovators, who are rolling out alternative payment systems that are interest-free, incentivized, more secure than credit cards, or all of the above.

PayPal was an early entrant into this space, but the success of firms like BillMeLater indicates that there's still plenty of room for innovation. (Editor's Note: Exactly why HomeATM has spent the last 8 years designing, testing, and now ready to release it's Internet PIN Debit Platform!)


This represents an interesting area for investors looking to get a piece of the multibillion dollar payments industry.

Javelin Strategy and Research forecasts that online debit payments will grow to $93.9 billion by 2012, see chart on right

Editors Note: One of the last frontiers for innovation in the payments space is... unarguably...web-based PIN debit. Here's why...along with links to various articles/posts explaining each...