Premier Card Solutions Secures Opportunity in the Growth Market of Open Loop Gift Cards.PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. Leverages Bank Card Security System by Prime FactorsEUGENE, Ore. -- Premier Card Solutions (PCS) has implemented the Bank Card Security System (BCSS BCSS British Cactus and Succulent Society (UK) BCSS Best Consignment Shop Software BCSS British Cervical Spine Society BCSS Brampton Centennial Secondary School (Brampton, Ontario, Canada) ) with a Thales HSM (1) (Hierarchical Storage Management) The automatic movement of files from hard disk to slower, less-expensive storage media. The typical hierarchy is from magnetic disk to optical disc to tape. 8000 to take advantage of the growing demand for network branded (open loop) gift cards. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report released today by the Mercator Advisory Group, the open loop prepaid card market grew by 48.6% in 2008 to $60.42 billion, and the open loop gift card market grew by 54.3% to $7.76 billion. PCS purchased the BCSS software from Prime Factors to meet a customer requirement to produce gift cards with security codes such as CVVs and CVCs. PCS also required a Host Security Module (HSM) to be incorporated into the secure card creation process. Like many card manufacturers, PCS had no experience with security code compliance issues as mandated by Visa[R], MasterCard[R], Discover[R] and American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. [R]. BCSS is a low cost alternative to the custom programming ordinarily used to create card security codes and PINs and implement key management. Prime Factors worked closely with PCS to implement BCSS and the Thales HSM, positioning PCS to participate in the growth in open loop prepaid cards. "Mercator research indicates that this security requirement will continue to grow due to the rapid growth of the network branded card business into markets that were traditionally dominated by closed loop solutions," said Tim Sloane, Director, Prepaid Advisory Service for Mercator, the payments and banking research firm. BCSS customers include some of the largest secure personalization Custom tailoring information to the individual. On the Web, personalization means returning a page that has been customized for the user, taking into consideration that person's habits and preferences. bureaus and card issuers in the business. Since 1981, Prime Factors has helped its customers simplify secure card creation and processing. "This expertise was invaluable in helping PCS make a smooth entry into the secure personalization market," said PCS Director of Information Technology, Chris Erickson. "We really needed help because of our unfamiliarity with the secure personalization process," Erickson said. "Prime Factors had the knowledge of the process, and software that already does everything. When you are first exposed to handling the data in a secure way, it is a bit daunting daunt tr.v. daunt·ed, daunt·ing, daunts To abate the courage of; discourage. See Synonyms at dismay. [Middle English daunten, from Old French danter, from Latin . Also, we really struggled with key management. But once the Prime Factors consultant got on site, everything was far less intimidating." For more information visit: www.PrimeFactors.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion