LOSSPREVENTION&SECURITY 31
PARTNERSHIP EXTENDS CONTACTLESS AUTHENTICATION
payment experience for online shopping late last year.
I
The collaboration is designed to combine MasterCard’s expertise in payment processing and commerce with Intel’s strengths in silicon innovation and chip- based security to provide more options for a safer and simpler checkout process for online merchants and consumers using Ultrabook devices and future generations of Intel-based PCs. The two companies are working together to optimise emerging payments technologies, including MasterCard’s PayPass and Intel Identity Protection Technology (IPT). Intel IPT enables consumer two-factor authentication and hardware-based display protection for increased online security against malware. When used with an Intel IPT-enabled reader, consumers will be able to pay for online purchases with a PayPass- enabled card, tag, or smartphone on an Ultrabook device.
“MasterCard is constantly working to improve the shopping experience for
ntel and MasterCard announced a multi- year strategic collaboration to further enhance the security and consumer
UNDERBELLY SECURES SPEEDY FESTIVAL PAYMENTS
consumers and merchants,” stated Ed McLaughlin, MasterCard chief emerging payments offi cer. “The collaboration with Intel will deliver enhanced security and faster checkout – with the convenience of a simple click or tap.”
“Our goal is to enable users of Ultrabook devices and future generations of Intel- based PCs to enjoy the convenience of e-commerce, while making online payments safer from malware and hackers with the advanced security capabilities of Intel Identity Protection Technology,” added George Thangadurai, general manager of Intel’s PC client services division. “Online commerce is a key focus area for Intel, and through this partnership with MasterCard, we intend to deliver an innovative, personalised and safer e-commerce experience to consumers.”
PARTNERSHIP TARGETS LOSS PREVENTION DATA ANALYSIS
Hicom, the IT solutions and services specialist, is working in collaboration with The University of Portsmouth on a 40-week-long Knowledge Transfer Partnership (KTP). As providers of software design and development to the retail sector, Hicom’s systems
collect large quantities of data on retail crime, risk, and health & safety incidents from its clients. Hicom’s clients use this data to identify trends and make policy decisions. Hicom said the KTP presents an opportunity to gain signifi cant additional value for its
customers by further analysis of the data stored in its retail systems, to provide greater insight, enabling better management decisions and to help promote best practice across their customer base. The results of the project are anticipated towards the middle of this year. Bruce Richards, Hicom director, commented: “The aim of this project is to provide us with greater insights into how our clients may be able to minimise the likelihood and effect of potential crime incidents, health and safety issues and shrinkage losses in the retail sector. It could lead to a new way of identifying and preventing crime through better prediction of incidents potentially saving the sector a substantial amount of money.”
Last year UK-based live entertainment company Underbelly partnered with Mako Networks to implement a Payment Card Industry Data Security Standard (PCI DSS) compliant network infrastructure at the Edinburgh Fringe Comedy Festival.
As one of the biggest temporary merchants at the Fringe festival and with bar and hospitality concessions contributing at least 50% of earnings, Underbelly’s payments systems, like most retailers, have to be fast, robust and crucially, secure. The Mako System transitioned Underbelly onto a modern broadband internet connection for a cheaper, faster and more effective way to process card transactions. “When we ran the fi rst transactions over our new payment network, it was so much faster. It seemed to me, like, 15 times as fast. We had the whole site up and running in about an hour,” Marina Dixon, Underbelly festival and events producer, said. Underbelly was also able to
overcome the time and resource drain associated with ensuring PCI DSS compliance when time was at a premium and losing a whole week to compliance paperwork obligations just wasn’t an option. Installing the Mako system helped Underbelly achieve and maintain PCI DSS compliance quickly and easily, eliminating the stress and freeing up time to focus on another fun-fi lled festival season.
MARCH/APRIL 2012 RETAIL TECHNOLOGY
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