Card Technology is reporting that Groupement des Cartes Bancaires in France is warning that contactless payment technology is not yet secure.

“The contactless interface leaves the door open to unauthorized access to the chip and without the cardholder knowing,” René Beltrando, head of Cartes Bancaires’ new technologies unit, tells Card Technology. “These frauds could be carried out using available and simple RF devices and could jeopardize the credibility of the card system.”

Diebold has announced the sale of its campus card systems business to The CBORD Group for approximately $38 million.

Founded in 1975, CBORD is one of the world's leading suppliers of campus card, housing, and foodservice management systems for the college and university market. The company works with more than 700 colleges and universities, corporations, and healthcare institutions with its cashless and ID card privilege control systems, housing management systems, and Webfood online ordering service.   » Continue Reading

IBM has announced the formation of a Data Governance Council.   » Continue Reading

Valerie Bauerle, Robin Sidel and Ann Carrns report for the Wall St. Journal on analyst and shareholder concerns that Bank of America has "a lot on its plate."

Lehman Brothers analyst Jason Goldberg was lukewarm on the MBNA deal because Bank of America is taking a big stake in a slowing market -- and MBNA's performance has slowed even more than the industry average.

China's People's Daily Online reports on a recent visit to Shanghai by First Data's Pam Patsley.

Pamela pointed out that though the average consumption volume and total banking card holders are still small, and most Chinese are still accustomed to using cash, Chinese customers will become adapted to e-consumption with the opening up of China's banking industry as 2007 approaches. She is optimistic about the market potential in China, which has a population of 1.3 billion.

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• TransUnion Encouraged as Positive Credit Information is Made Available in Hong Kong
• Microsoft Money 2006 Enhances Online Banking With Easy-to-Use Tools to Help Consumers Understand All Their Finances
• New credit card security rule takes effect
• South Africa: Chip cards ‘held up'
• Amerada Hess Renews Wright Express Contract
• Experian's CheetahMail Acquires Leading Web Analytics Company Harvest Solutions
• Gemplus Launches GemInstant(TM) PayPass(TM) and Enhances U.S. Production Capability for Contactless Payment