Statement from the Supervisory Board of STMicroelectronics

By | April 27, 2017

Amsterdam, April 27, 2017 – Maurizio Tamagnini, Chairman of the Supervisory Board of STMicroelectronics N.V. (NYSE: STM), and Didier Lombard, Vice-Chairman, have asked Carlo Bozotti, ST’s President and CEO, to be available for a reappointment in his current role. Carlo Bozotti has accepted the proposal. Therefore, the Supervisory Board has decided to propose for shareholder approval at the… Read More »

Notre Dame to issue contactless cards

By | April 26, 2017

Barcodes will soon be a thing of the past at the University of Notre Dame, where beginning this summer the Irish1Card Office will start issuing new contactless cards. The new, multi-technology credentials will retain the magnetic stripe that Notre Dame has long utilized and will for the first time feature chip technology. The story for Notre Dame’s Irish1Card is the same… Read More »

USA – Russian hacker receives 27 years in prison for widespread hacking, credit card fraud scheme

By | April 26, 2017

Roman Valeryevich Seleznev, a 32-year old Russian cybercriminal, was sentenced to 27 years in prison last week for defrauding various small businesses and financial institutions, causing more than $169 million in damages. Seleznev, known by the pseudonym Track2, was convicted in August of 38 counts related to hacking point-of-sale computers, stealing credit card information, and selling stolen data… Read More »

Card fraud increases in South Africa by 13 percent

By | April 26, 2017

JOHANNESBURG, April 25 (Xinhua) — South African banking industry released statistics on Tuesday which show that overall card fraud increased by 13 percent in 2016 as compared to the previous year. The statistics were released by the South African Banking Risk Information Centre (SABRIC) on behalf on the banking industry in Johannesburg. According to the statistics, South African… Read More »

1oT Now Available in Over 150 Countries and Unlocking its Connectivity Platform to MNOs

By | April 25, 2017

1oT is becoming the leading global connectivity provider for Internet of Things (IoT) startups and is especially proud of its strong market presence in connected light vehicles segment. 1oT’s global SIM cards and self-service based connectivity platform called the 1oT Terminal are being used by hundreds of smart IoT startups all over the world. With this release, 1oT… Read More »

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 »

Zwipe Gives Details on New Partnership With Iris Corporation

By | April 25, 2017

Zwipe is offering more details on its new partnership with Malaysia-based Iris Corporation Berhad. The companies’ collaboration was reported immediately in the wake of the Seamless Asia expo, where Zwipe demonstrated its new biometric payment card solution. Details at the time were scant, but it has now come to light that the partnership comes in the form of… Read More »

Altamaha Bank & Trust Leverages CPI Card Group’s [email protected]® Instant Issuance Program To Support Innovative Local Marketing Initiative

By | April 25, 2017

LITTLETON, Colo.–(BUSINESS WIRE)–CPI Card Group (Nasdaq:PMTS) (TSX:PMTS), a global leader in financial and EMV® chip card production and related services, announced that Vidalia, Ga.-based Altamaha Bank & Trust ($150 million in assets) has successfully implemented CPI Card Group’s [email protected]® to provide in-branch instant issuance of EMV-enabled debit and credit cards in all four of its local branches. Altamaha… 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 »

Uganda: How Mistakes On National IDs Multiply Country’s Data Problems

By | April 24, 2017

Richard Kapule Ounoi, a teacher, was one of the first Ugandans in 2015 to pick their national Identity Cards (IDs). However, his card had an error. His middle name, Kapule, had been rewritten as Kalule. The former ordinarily belongs to people from Tororo in the East, the latter for those from Central Uganda. Mr Ounoi alerted the ID… 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 »