Libya's biggest bank goes live on SmartStream reconciling payments solution

KUALA LUMPUR, April 21 -- SmartStream Technologies recently announced that Jumhouria Bank, Libya’s biggest bank, has successfully gone live on SmartStream’s solution for reconciliations of cash payments.

According to a statement, the first of a two-phase implementation is to consolidate and automate the reconciliation process across its 170 branches to deliver real-time operational control.

The SmartStream reconciliations solution is being rolled out to replace manual processes across Jumhouria Bank - ensuring greater visibility into cash, card, branch, central bank and payment transactions.

The financial Transaction Lifecycle Management solutions provider said it would provide the bank with new levels of automation and control over its transaction processing, facilitating regulatory compliance, straight through processing and improved customer service.

SmartStream’s SWIFT-certified, modular application addresses the reconciliation and exception management needs of institutions of all sizes.

It provides greater transaction management control whilst its flexible deployment options enable financial institutions and corporates to significantly reduce their time to market.

-- BERNAMA

MYPINPAD ENABLES SECURE PAYMENTS ON BOTH ANDROID AND IOS DEVICES

Leading mobile security expert achieves software only PCI SSC SPoC approval for Android devices

LONDON, April 16 (Bernama-BUSINESS WIRE) -- MYPINPAD (“MPP”), the global leader in secure personal authentication for payment solutions, has achieved Payment Card Industry (PCI) Security Standards Council (SSC) certification for its Android software-based PIN entry on a Commercial off-the-shelf (SPoC) solution –the first software only Android SPoC solution that does not rely on any hardware-based security. This makes the company the first to achieve a software only SPoC accreditation to enable secure payments on both Android and iOS devices.

The bar is set very high to meet PCI’s SPoC requirements, and MYPINPAD’s solution has succeeded in passing them, enabling it to now work on any Android device operating v8.0 and above. Mobile devices running the Android operating system hold 87 per cent share of the global market, creating an expansion at scale for the deployment and adoption of MYPINPAD’s PIN on Mobile Solution MPP mPOS.

The news comes shortly after MYPINPAD became one of the world’s first companies to achieve SPoC certification for iOS. With both PCI accredited software only SPoC certifications, MYPINPAD is set to deploy its secure and accessible solution globally in all major continents this year, enabling everyday smartphones and tablets to replace traditional Point of Sale terminals and PIN entry mPOS devices.

Now that PCI SSC SPoC approval has been obtained for both Android and iOS operating systems, MYPINPAD is already working to achieve PCI certification for Contactless Payments on Commercial-off-the-shelf devices (CPoC). Our goal is to drive mobile device acceptance exponentially from 100 million currently to over 400 million by 2024.

Newly appointed CEO at MYPINPAD, Colin Greene, commented: “We’re leading this complex field of mobile security, so we’re incredibly proud to be the first company to have achieved a software only SPoC certification for both Android and iOS. To get to this point has been the product of seven years of innovation and hard work, and we are really looking forward to now deploying our technology together with our key partners.

“With Android and iOS operating systems occupying virtually all of the smart device global market share, we can now move forward with the expansion, at scale of mobile device use for PIN entry. This is a great example of how innovative tech solutions can help level the global playing field when it comes to payment services. We also look forward to unveiling our CPoC accredited solution later this year – watch this space.”

MYPINPAD’s solution is easily integrated into third party applications and delivered ‘as-a-Service’. It significantly reduces cost across the entire face-to-face payment value chain by meeting PCI security standards through software updates alone. This relieves pain-points for the smallest retailers while also serving larger retailers by freeing them from maintaining and replacing aging hardware-centric POS estates.

Please visit www.mypinpad.com to discover more about this transformational technology.

http://mrem.bernama.com/viewsm.php?idm=37174

Telos Corporation-ST Engineering partnership to deliver cybersecurity, GRC solutions in Asia, Middle East

KUALA LUMPUR, April 3 -- Telos® Corporation, a cyber, cloud and enterprise security solutions provider and ST Engineering, a global technology, defence and engineering group have signed an agreement to extend availability of critical cybersecurity and governance, risk and compliance (GRC) management solutions into Asia and the Middle East.

“Our strategic partnership with ST Engineering will allow new customers throughout Asia and the Middle East to enjoy the same security and efficiency benefits our solutions provide to the rest of our customers,” said Telos chief executive officer and chairman, John B. Wood.

Meanwhile, ST Engineering Electronics president, Ravinder Singh said the strategic partnership with Telos would incorporate Telos Ghost and Xacta capabilities into their enhanced suite of cloud cybersecurity offerings.

Deployed at some of the world’s most security-conscious organisations, Xacta is the enterprise, cloud and hybrid cloud solution for cyber risk management and compliance automation, helping to meet the complex challenges of managing IT risk.

Telos Ghost is a patented system sold as a service for private, secure and anonymous operations on the Internet. It keeps mission critical data and communications hidden from adversaries and safe from intrusion while doing business, sharing intelligence and assessing cyber threats online.

More details at www.telos.com.

-- BERNAMA

MHPS: World's most efficient power plant in Hyogo, Japan synced to grid

KUALA LUMPUR, April 2 -- Mitsubishi Hitachi Power Systems Ltd (MHPS) has begun commissioning of T-Point 2, its new combined cycle power plant validation facility at Takasago Works in Hyogo Prefecture, Japan.

Replacing the iconic T-Point, the facility will accelerate MHPS’ industry-leading technology and enable more robust validation of advanced-class gas turbines such as the 1650°C-class J-Series Air-Cooled (JAC) model and 1700°C-class ultrahigh-temperature models.

Like its predecessor, T-Point 2 stands apart as the world’s only facility that performs full-scale long-term reliability verification for gas turbines.

Connected to the actual grid, it is the only plant of its type in the world to function as both technology demonstrator and electric power producer and supplier.

According to a statement, centres for R&D, design, manufacturing and short-term component testing are also housed within Takasago Works.

Once commercial operations begin in July, T-Point 2 is expected to achieve power output of over 566 MW (60Hz), with nearly 64 per cent efficiency, 99.5 per cent reliability and a world-first turbine inlet temperature of 1650°C.

The new facility features a triple-casing steam turbine, augmenting overall system efficiency via a multiplier effect with the JAC gas turbine.

 In addition, work is underway to install and train advanced artificial intelligence technology at T-Point 2, which will feature the MHPS-TOMONI® suite of digital solutions.

During the 8,000 hour durability demonstration period, MHPS will also be training its AI apps, allowing T-Point 2 to eventually become the world’s first autonomous combined cycle power plant.

-- BERNAMA

COVID-19: Vista Global expands complimentary empty leg flights for governments, medical organisations

KUALA LUMPUR, March 30 -- The private aviation group, Vista Global will expand on VistaJet’s offer of complimentary empty leg flights to those with critical travel requirements during this time of uncertainty.

Through VistaJet and now XO, the global digital marketplace for private aviation, Vista Global will provide governments and medical organisations access to over 115 aircraft during the COVID-19 pandemic.

Combining efforts across VistaJet and XO in utilising their global network, infrastructure and technology, the group will help governments repatriate citizens who are stranded abroad.

It will also assist in transporting healthcare professionals and medical supplies to countries that need them the most by providing access to complimentary empty leg flights, according to a statement.

“We understand that people need help, especially in times of instability, and now in expanding the availability also to XO’s fleet, we are able to use our entire global network, infrastructure, expertise and technologies to help even more communities in need,” said Vista Global’s founder and chairman, Thomas Flohr.

In addition to helping officials keep their response plans as prompt as possible, Vista Global will also assist with the complex logistics of the necessary permits and paperwork.

-- BERNAMA