| » Publisher's Corner |
This Could Be The Year…
By the time you are reading this issue of TPAtlanta, major league baseball players will be in training camps getting ready for the 2007 baseball season. Is not the crack of a bat or the pop of leather a better predictor that spring is nigh than some old groundhog?
It is a time of the year filled renewed spirits, great hopes, and high expectations! If you are a Chicago Cubs fan, could this finally be the year that the Cubbies return to the World Series after a 99-year absence? For us Atlanta Braves fans, will our home team return to the post-season after missing the playoffs last year for the first time after 14 consecutive divisional titles?
And for those of us who tarry in the Transaction Processing Industry, how will we be making money for our companies and our shareholders in 2007? What new products and services are on the horizon in our industry?
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Calvin D. Johnson, Publisher
publisher@tpatlanta.com
Trans Atlantic Systems, Inc.
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| » Editorials/People |
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Authentication for financial services is a global goal with regional approaches
The current needs and demands for authentication and identity management show huge variations around the world. One thing that is common across all regions, however, is the ever-increasing requirement to prove that you are who you say you are in the face of rising security threats, such as fraud and phishing. According to CIFAS, the UK's Fraud Prevention Service, the number of victims of identity theft was up by 19.91% (at 67,406) compared to 2005. To combat this crime and secure against wider identity theft threats, there are several technologies that strengthen authentication security, some of which have already been deployed and are showing signs of success in the fight against fraud.
Perhaps one of the most successful schemes to date is the UK's Chip and PIN initiative which uses the EMV standard to secure cardholder-present transactions. Almost a year on from its mandatory introduction, APACS, the UK payments association, reported that thanks to Chip and PIN, there was a reduction of nearly 60 million in counterfeit and fraud on lost and stolen cards in 2005 compared to 2004 (a drop of 24%).To date, two-factor authentication is only implemented for face-to-face transactions and there is still much progress to be made securing cardholder-not-present banking and transaction channels in the UK.
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» Main Story |
 ChoicePoint: Caring Culture Thrives
Marco Piovesan, ChoicePoint's Vice-President of International and Marketing for the Screening and Authentication Services Group, likes working for a company that tries hard to do the right thing. "At the end of the day," said Piovesan, "it's not just about the job at hand, but it is about making the world an improved place. ChoicePoint is that kind of company in that both its business model and its dedication to community blend to positively contribute to society."According to independent research firm Gartner, ChoicePoint has transformed itself into a role model for data security.
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| » Earlier this month |
Global Payments' Chairman, Paul R. Garcia, Again Named One of America's Best CEOs by Institutional Investor Magazine
Global Payments Inc., a leader in payment processing services, announced that Institutional Investor named its Chairman, President and CEO, Paul R. Garcia, one of "The Best CEOs in America " for the third year in a row.
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Equifax Announces Agreement to Acquire TALX Corporation in a Transaction Valued at $1.4 Billion
Equifax Inc. and TALX Corporation announced that Equifax will acquire TALX in a stock and cash transaction valued at approximately $1.4 billion, including the assumption of debt.
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CheckFree Announces Agreement to Acquire Corillian Corporation
CheckFree Corporation (NASDAQ: CKFR) announced it has entered into a definitive agreement to purchase Corillian Corporation (NASDAQ: CORI), the leading provider of Internet banking software and services.
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ChoicePoint® Sells Bulk Bankruptcy, Liens and Judgments Records Business;
Enters into Long-Term Access Agreement
ChoicePoint announced that it has sold part of its public records operations, specifically the businesses that collect bankruptcy, lien and judgment (BLJ) records and provide them on a wholesale, bulk basis to commercial enterprises around the country.
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| » Industry News |
Wachovia uses card to earn customers
As much of the credit card industry frets a possible congressional crackdown on billing practices, Wachovia Corp. is building a niche in the business by offering terms even an industry critic can love.
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TSYS Acquiring Solutions Reviews
Moneris Solutions is one of North America's leading payment processors, processing more than 2.3 billion credit- and debit-card transactions a year for more than 350,000 merchant locations across North America.
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CompuCredit Announces Automobile Financing Company and Auto Loan Portfolio Acquisitions
CompuCredit Corporation announced t that it has acquired the assets of San Diego-based ACC Consumer Finance, LLC ("ACC"). ACC was majority owned by Rocco Fabiano, formerly of Household International Inc., who will join CompuCredit in an advisory capacity.
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Chase Paymentech delivers small business payments processing directly from Windows Vista Business Desktop
Chase Paymentech, the world's largest merchant acquirer and premier provider of payments processing services, announced that it will provide credit card payment processing to small businesses via Windows Vista Business operating system.
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TPAtanta Mid-Winter Reception February 2007 Recap
On February 13, 2007 Trans Atlantic Systems hosted it's Mid-winter TPAtlanta, launch and cocktail reception at the Villa Christina "An evening of cocktails and conversation, benefiting The Garry Betty Foundation.
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