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February 12, 2008

New Board Members for the Merchant Risk Council

The Merchant Risk Council, a trade association for supporting merchants in preventing online fraud and promoting secure e-commerce in global online payments, hase announced seven new additions to its Board of Directors and Advisors.

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Citi Makes Equity Investment in ViVOtech

ViVOtech has announced that it has secured an equity investment from Citi to develop mobile commerce technologies. Terms were not disclosed.

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mBlox Chooses ValistaPlus Payments

Valista has announced that mBlox will use ValistaPlus Payments globally to support mBlox's WAP billing system. Valista's payments platform will also support mBlox's PayforIt accreditation in the United Kingdom, "ensuring that consumers' payment experience is consistent, transparent and user-friendly, promoting a trustworthy environment when making one-off payments or establishing subscription services via their phone."

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ISO Publishes New Biometric Security Standard - ISO 19092

ISO has published a standard to increase the security of financial transactions over electronic media. The new standard, ISO 19092:2008, Financial services – Biometrics – Security framework, establishes the security requirements for the implementation and management of state-of-the-art biometric identification technology within the financial industry.

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Valimo Wireless' Mobile Signatures Combat ATM Fraud

Helsinki-based Valimo Wireless has introduced mobile signature technology that use mobile phones as a separate channel to add security to ATM transactions. For each transaction that relies on a magnetic stripe at the ATM, the cardholder would get a signing request to the mobile phone stating the amount and location of the ATM. The cardholder then returns a mobile signature via the mobile phone network.

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TransUnion and Edgar, Dunn Launch Revolver Model

TransUnion and Edgar, Dunn & Company have announced the Revolver Model, "the second scoring model to identify predictive credit behavior characteristics using survey-based data from the PaymentDynamics 2007 Preferred Payments Study. The Revolver Model helps financial institutions determine how consumers prefer to manage their credit card balances and enables banks to develop custom marketing offers accordingly."

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