HOUSTON, Mar 30, 2009 (BUSINESS WIRE) ----The integrity of billions of credit card, online payment and collection transactions relies on SIA-SSB, a leading European technology provider serving the international financial community. With such a critically important responsibility, SIA-SSB turned to BMC Software (NYSE:BMC) to ensure high availability, optimal performance and data integrity for every managed transaction.
SIA-SSB relies on BMC Mainframe Service Management solutions to maintain critical databases within limited time windows, minimal resource consumption, and in keeping with stringent service level agreements.
After the implementation of BMC Database Performance for DB2, SIA-SSB has recognized the following benefits:
-- A 70 percent decrease in the time required to collect statistics, allowing SIA-SSB to better plan and prioritize system changes
-- A 75 percent decrease in the elapsed time and an 80 percent decrease in the CPU (Central Processing Unit) time needed for data reorganizations, reducing the overall Lab centre spend
-- The elimination of application timeouts, resulting in a significant increase in DB2 system availability, helping to support customer confidence in SIA-SSB's systems
"BMC Software has made a tremendous difference to our DB2 maintenance," says Angelo Gaspani, SIA-SSB's architecture and data administration manager. "BMC DB2 solutions for z/OS help us quickly and effectively resolve challenges such as performance degradation, inconsistent data, or system changes. At the same time, we're able to reduce CPU consumption in the production environment. Ultimately our customers benefit from a rapid and smooth card payment transaction."
Business runs on IT. IT runs on BMC Software.
Business thrives when IT runs smarter, faster, and stronger. That's why the most demanding IT organizations in the world rely on BMC Software across both distributed and mainframe environments. Recognized as the leader in Business Service Management, BMC's comprehensive approach and unified platform helps IT organizations cut cost, reduce risk and drive business profit. For the four fiscal quarters ended December 31, 2008, BMC revenue was approximately $1.86 billion. Visit www.bmc.com for more information.
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Showing posts with label Credit Cards. Show all posts
Showing posts with label Credit Cards. Show all posts
Tuesday, March 31, 2009
Stolen credit cards exposed on Google- report
Credit card information of 19,000 British Web surfers was exposed on Google search before being removed, according to a report this weekend.
It is unclear exactly when and for how long the information was available to Google searchers, although most of the cards had been canceled, The Telegraph reported the UK payments association APACS as saying. Visible were names, addresses, and credit card data for thousands of people.
Originally, the data was posted on an unsecured server in Vietnam used by criminal gangs that was closed in February, the newspaper said. However, the "cached" version of it on Google remained.
Google offers tools that allow webmasters to make sure content is not cached or is removed. Apparently, whoever leaked the data didn't use those tools.
"Please keep in mind that search engines are a reflection of the content and information that is available on the Internet. Search engines such as Google do not own this content, and do not have the ability to remove content directly from the Internet," a Google spokesman said in a statement.
It is unclear exactly when and for how long the information was available to Google searchers, although most of the cards had been canceled, The Telegraph reported the UK payments association APACS as saying. Visible were names, addresses, and credit card data for thousands of people.
Originally, the data was posted on an unsecured server in Vietnam used by criminal gangs that was closed in February, the newspaper said. However, the "cached" version of it on Google remained.
Google offers tools that allow webmasters to make sure content is not cached or is removed. Apparently, whoever leaked the data didn't use those tools.
"Please keep in mind that search engines are a reflection of the content and information that is available on the Internet. Search engines such as Google do not own this content, and do not have the ability to remove content directly from the Internet," a Google spokesman said in a statement.
Study: 16% of Americans saw credit card limits reduced
More than 30 million cardholders had their credit limit reduced between April and October last year, according to a new study.
But most of the adjustments were not made for the traditional reason: risky behavior like making late payments or having accounts go to collections.
About 22 million card holders, or 11% of American consumers, saw their credit limits lowered despite having no recent dicey behavior or actions such as negative public records added to their credit reports, according to Fair Isaac Corp. The Minnesota-based FICO score developer produces the formula used by most major credit score agencies.
The median FICO score for this group was 768 in April but then rose to 770 by October. Lenders reduced this group's credit limits by an average of $2,200, a relatively small percentage of the $44,000 available during the six-month time frame.
Most of these borrowers had inactive or low-balance card accounts and generally had few missed payments and a long credit history. Of all U.S. consumers, 80% had no "risk trigger" posted to their credit reports during the study period.
Just 5% of consumers, or 10 million cardholders, had limits dropped because of shaky credit activity. According to Fair Isaac, consumers who use a large percentage of available credit are much more likely to default on a credit obligation.
Since credit card issuers began scaling back credit availability in early 2008, 16% of Americans have been affected, Fair Isaac said.
But most of the adjustments were not made for the traditional reason: risky behavior like making late payments or having accounts go to collections.
About 22 million card holders, or 11% of American consumers, saw their credit limits lowered despite having no recent dicey behavior or actions such as negative public records added to their credit reports, according to Fair Isaac Corp. The Minnesota-based FICO score developer produces the formula used by most major credit score agencies.
The median FICO score for this group was 768 in April but then rose to 770 by October. Lenders reduced this group's credit limits by an average of $2,200, a relatively small percentage of the $44,000 available during the six-month time frame.
Most of these borrowers had inactive or low-balance card accounts and generally had few missed payments and a long credit history. Of all U.S. consumers, 80% had no "risk trigger" posted to their credit reports during the study period.
Just 5% of consumers, or 10 million cardholders, had limits dropped because of shaky credit activity. According to Fair Isaac, consumers who use a large percentage of available credit are much more likely to default on a credit obligation.
Since credit card issuers began scaling back credit availability in early 2008, 16% of Americans have been affected, Fair Isaac said.
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