Philippines – Lawmaker: e-passport project illegally subcontracted

By | April 25, 2017

Rep. Aniceto “John” Bertiz 3rd of ACTS OFW Party List described as “dubious” a firm to which the Department of Foreign Affairs’ (DFA) P8 billion e-passport project was sub-contracted. According to the lawmaker, Malacañang investigated the contract after it was found that the project was illegally sub-contracted to a questionable private entity. The DFA had awarded the 10-year… Read More »

ITW Reports First-Quarter 2017 Results

By | April 24, 2017

Delivers record financial results and raises guidance for 2017 First-quarter highlights: GAAP EPS of $1.54, an increase of 19% Total revenue of $3.5 billion, an increase of 6.0%; organic growth of 3.5% Operating margin of 23.3%, an increase of 120 bps and an all-time record for the company Company now expects 2017 earnings to be in the range… Read More »

FIME becomes largest global network of EMVCo accredited laboratories

By | April 24, 2017

Six test centers now support terminal and mPOS manufacturers globally with EMVCo Level 1 testing. FIME today announces that, with the addition of four new accreditations, six of its laboratories around the world are approved by EMVCo to perform Level 1 tests according to EMV® Type Approval – Contactless Terminal Level 1 version 2.6b on contactless payment terminals… Read More »

Philippines – Solon welcomes Palace decision to conduct probe into P8B E-Passport project

By | April 24, 2017

An opposition lawmaker representing overseas Filipino workers in the House of Representatives welcomed the decision of Malacañang to conduct its own probe into the controversial P8-billion E-Passport project of the Department of Foreign Affairs. ACTS-OFW Partylist Rep. Aniceto “John” Bertiz III noted that investigation on the issue will now center on the alleged anomalous subcontracting of the project… Read More »

Security Features Of Nigerian e-Passport World-class – IRIS

By | April 24, 2017

Managing Director of IRIS Smart Technologies Limited (ISTL), Olayinka Fisher, has said the Nigerian e-Passport is world-class insisting that 95 per cent of components that constitute its security features is not made in the country. He, however, pointed out that Nigeria was not the only country depending on foreign components for its e-Passport, just as he disclosed that… Read More »

USA – More people applying for passports

By | April 24, 2017

The number of people applying for and renewing passports is up this year across the nation and in the region. Reasons for the increase vary from immigration concerns, to the Western Hemisphere Travel Initiative, to the federal Real ID law. Driving the growth for some in Pennsylvania is the 2005 Department of Homeland Security Real ID law, which… Read More »

USA – Russian Hacker Receives 27-Year Prison Sentence for Payment Card Fraud

By | April 24, 2017

32-year-old Roman Valeryevich Seleznev was sentenced to 27 years in prison for various cyber crimes on Friday. This is the longest prison sentence the United States has ever handed out for hacking related charges, surpassing the former record of 20 years. In total, his crimes affected small businesses and financial institutions to the tune of over $169 million in damages.… Read More »

India – Bank executive held for card ‘fraud’

By | April 23, 2017

KOLKATA: Bidhannagar Police on Friday arrested a private bank employee in connection with credit card fraud. Two more accused, one of them an employee of the same bank, were arrested earlier this week. They duped the bank of Rs 18.18 lakh. Sources said accused Anupam Bhaumik and Sutirtha Saha are employees of the Salt Lake, BD block branch… Read More »

USA – Your new EMV credit card still has a stripe, and you are still at risk of skimming

By | April 23, 2017

BY NEAL CUSTER My card has a chip, so how did I get skimmed? In past columns, we discussed the adoption of the credit/debit card EMV system (known as “the chip” to everybody outside Europe) and the subsequent implications for consumer fraud protection. With very little fanfare, at the beginning of the year nearly every cardholder received a… Read More »

Congo Rights Group Urges Attorney General to Investigate Costly Passports

By | April 23, 2017

By Tim Cocks DAKAR (Reuters) – A Congolese rights group has written to the attorney general to demand a criminal investigation into a Reuters report that most of the money from fees for printing new passports goes overseas. Documents reviewed by Reuters of a 2015 deal between Congo’s government and a Belgian company called Semlex to produce biometric… Read More »

Russian Hacker Went From Poverty To Making Millions In Stolen Credit Cards. Now He’s Facing 27 Years In Prison

By | April 22, 2017

Born almost dirt-poor in Russia’s Far East, Roman Valerevich Seleznev still turned himself into a multi-millionaire by being one of the best in his field. That field, however, was stealing and selling credit card data. On Friday, in a Seattle federal courtroom, before a judge sentenced Seleznev to 27 years in prison, his attorney and prosecutors recounted his… Read More »

Iris Corp to partner Norway’s Zwipe for biometric smartcard venture

By | April 21, 2017

KUALA LUMPUR (April 21): Trusted identification (ID) company Iris Corp Bhd will be partnering Norwegian biometrics company Zwipe to look into the potential for biometric smartcard applications in Malaysia. Iris co-founder and technical adviser Chas Yap said the two parties will look at possible ways the two companies can work together to promote the technology in Malaysia. “Iris… Read More »

IDEX fingerprint sensor in next generation biometric card

By | April 21, 2017

Oslo, 21 April 2017 – IDEX announced today that their flexible off-chip fingerprint sensor is featured in the Mastercard next generation biometric card. Dr. Hemant Mardia, CEO of IDEX, commented, “We are very pleased to be partnering with a true pioneer in the development of easy  and secure transaction environments for consumers across the world. Our partnership has… Read More »

How To Protect Yourself From Scams

By | April 21, 2017

PORTLAND (Sun Journal) — Don’t use a debit card. “They’re the worst financial tool ever given to American consumers,” said fraud expert Frank Abagnale, who visited Maine on Thursday to help people protect themselves from fraud.   And if you don’t know who’s calling, don’t answer the phone, said Maine Attorney General Janet Mills. The two appeared on… Read More »

Plastc, Inc. Exploring Options to File Chapter 7, Cease Operations

By | April 21, 2017

In a note published on the company website, Plastc, Inc. is informing the public that effective April 20, 2017 they will cease operation and that they are exploring options to file Chapter 7 Bankruptcy. Here the full statement from the company website: Important Notice We Regret to Inform You… For the past 3 years, our mission here at… Read More »

Philippines – Duterte Open to Nat’l ID Ssystem

By | April 21, 2017

MALACAÑANG on Thursday said it was studying a plan to establish a national identification system as a measure to check terrorism. In a news conference, presidential spokesman Ernesto Abella said the establishment of a national ID system was “being considered.”  The Presidential Legislative Liaison Office (PLLO) is pushing for such a measure in Congress, Abella said. “That seems… Read More »

3 Things to Know About the Mastercard Biometric Card

By | April 20, 2017

Today, Mastercard unveiled the next-generation biometric card. The cardholder dips the card into a retailer’s terminal while placing their finger on the embedded sensor. The fingerprint is verified against the template and – if the biometrics match – the cardholder is successfully authenticated and the transaction can then be approved with the card never leaving the consumer’s hand.… Read More »

WIB, Leader in Innovation Introduces Bankomatiko Contactless Smart Card

By | April 20, 2017

PHILIPSBURG:— The Windward Islands Bank Ltd (WIB) as part of its affiliation with its parent bank Maduro & Curiel’s Bank (MCB), the largest bank in the Dutch Caribbean with a long-standing alliance with MasterCard Worldwide, is proud to announce that it has upgraded its current Bankomatiko Smart Card to a Bankomatiko Contactless Smart Card. The Bankomatiko Contactless Smart… Read More »