Technology solutions to prevent payment card frauds
Since losses through payment card frauds in Sri Lanka has increased
the regulators and the authorities should set up new guidelines for
banks and financial institutions to implement technology solutions to
prevent such frauds, General Manager of Epic Lanka Viraj Mudalige said.
Epic Lanka, a renowned software solution company specialised in
secure electronic payments and information system security solutions has
introduced a new solution "EPIC TLE" (Terminal Line Encryption) to
prevent payment card frauds and is now marketing it in Malaysia and
The Electronic Data Capture (EDC POS) terminals which accept various
types of card payment methods such as credit cards and debit cards are
widely used all over the world today. According to Nilson report 2009,
there are over 37 million EDC POS terminals and 1.77 billion payment
cards in usage around the world.
The card frauds are also significant as VISA and Master cards report
a US$ 556 million annual loss.
Due to this card fraud Sri Lanka loses US$. 2.2 million a year
according to the latest statistics, Mudalige said.
In Sri Lanka we still use 1990s technology and there is no guideline
for banks to adopt new technology to prevent card fraud. Many countries
such as Malaysia, Singapore and India have given guidelines to banks to
implement solutions to prevent card frauds.
Mudalige said that five threats have been recognised to payment card
industry; eavesdropping, usage of ghost terminals, line or wire tapping,
host spoofing and replay attacks.
Broadly two solutions can be used to prevent card frauds;
introduction of smart cards and encryption of data.
Frauds by wire tapping can be done easily today because equipment of
wire tapping are available in the market.
Epic TLE is developed to safeguard against all form of wire tapping
attacks by introducing encryption, authentication and key management
mechanisms. Epic TLE encrypts information at the merchant terminal and
it is decrypted at the bank.
Key considerations of the solution are; can be used in mixed
environment, development issues, security, performances, implementation,
impact, shared network and cost.
The hardware system components of the solution includes TLE server
(high end PC style computer with Linux operating system and Fail Safe
options - Linux clustering mechanism), crypto key generator -SafeNet PSG
HSM, EDC POS Terminal-Verifone VX510, Routing Device - NAC W1000 and
Smart Card -ISO 7816 compliant.
The software applications in the Epic TLE are; Line Encryption Server
(encryption and decryption of transaction data packets), Line Encryption
Web Application (field engineers and terminal registration, host
management, server configurations, automated backup system and log
files), POS terminal (key downloading, transaction processing -
encrypting the message using a unique key) and PSG Host Security Module
(generate terminal master key and MAC encription key for terminals,
general systematic shared keys for smart cards and key injection
Mudalige said, that the security key downloading mechanism in the
Epic TLE solution is novel technique used for first time in the world.
To rapidly implement the system in Sri Lanka a macro level guideline
is needed for the banks from the regulator, Central Bank. India,
Malaysia and Singapore have issued guidelines and they have set
deadlines for implementation.
The Epic TLE adheres to latest guidelines of major global credit card
operators and complies with the highest international standards in
electronic payments and security. It also complies with the guidelines
in the Computer Crime Act and Electronic Transaction Act.
Two banks in Sri Lanka are now testing the solution, Mudalige said.
In efficiency aspect Epic TLE is far ahead to present technology
which takes 4-6 seconds to complete a transaction. Epic TLE takes only
300 millisecond for a transaction and therefore it can complete more
than 100 transaction per second.
It can be used with existing hardware. Epic TLE is a total solution
and each and every component is supported by Epic, he said.
LG Unveils the world's first LED 3D TV
LG Electronics of Korea, the world's most innovative home appliances
and entertainment systems manufacturer, that has several firsts in
introducing unique design and technological feats, has just unveiled the
world's first LED 3D Television.
The LG LX9500 LED 3D TV, a part of LG's INFINIA 3D line, is
illuminated by innovative panels of LEDs directly behind the screen for
local dimming, with the 55-inch model alone boasting 1,200 of the
semiconductor light sources. The LEDs help the TV to achieve a mammoth
10,000,000:1 dynamic contrast ratio while sporting an ultra-thin 22.3mm
(less than 1-inch) deep body with a stylish 16mm super-narrow bezel.
This unique TV also features full HD 1080p, TruMotion 400Hz (480Hz),
NetCast Support, Wireless AV Link and HDMI 1.4 among many other high tec
features. Video Calling using Skype is also possible with an optional
video camera. The unit is DLNA ready with an optional DLNA dongle.
The LG LX9500 has active shutter glasses that can be recharged via
USB for upto 40 hours of uninterrupted viewing.
This amazing TV can also play HD DivX, MP3, JPEG play and MPO files
through its USB port.
The low profile bezel hides the units 10W + 10W + 5W "Invisible
Speakers". The set also includes LG's Clear Voice ii technology to help
clean up and present crisp and clear dialogue.
The 47-inch and 55-inch versions of the LG LX9500 has just been
launched in Korea and will be available in North America, Europe and
other key markets by May.
The preamble to LG's innovative LED 3D TV is the 42-inch LED
"Borderless" TV which was launched by Abans recently. This
state-of-the-art LED TV has a contrast ratio of 3,000,000 : 1 and is
only 1.9cm in width. It has full HD 1080p and its innovative flourescent
blacklight provides unmatched image clarity, soothing to the viewing eye
and helps to conserve electricity usage.
Spotlight on Local Innovation :
Microsoft Imagine Cup Returns
Imagine Cup 2010, Microsoft Sri Lanka's best known and anticipated
annual student competition, will be held on April 29 in Colombo.
The competition will see students from universities and education
institutes across the island compete in innovation and creativity
categories for a spot within the contingent that will travel to Poland
later this year to take part in the global event. The 2010 Imagine Cup
challenges its participants to 'imagine a world where technology helps
solve the toughest problems' encouraging young minds to reflect on the
Millennium Development Goals proposed by the United Nations to generate
'Together we can make a difference' has been the core aphorism behind
this world renowned student technology competition which brings together
hundreds of students from around the world each year to display their
The Imagine Cup has grown over the years and to over 300,000 students
registering for last year's global competition. This year Imagine Cup
offers new echelons of challenges with the introduction of three
separate awards in addition to the four categories of competitions.
The new award additions this year have been the Interoperability
Award, Touch & Tablet Accessibility Award and the Next Generation Web
Award. Categories like Software Design, Embedded Development, Game
Development, Robotics and Algorithm, IT Challenge, Mash Up, Photography,
Short Film and Design give students an unlimited scope to work with.
This year, the local competition received an unprecedented number of
entries with over 25 students applying to compete.
Speaking on this year's competition and his hopes for the teams
Wellington Perera, Director - Developer Platform Evangelism, Microsoft
Sri Lanka said 'Through the Imagine Cup, Microsoft aims to encourage our
youth to take a stand on issues and work on ways to solve problems to
make the future better for themselves and the country. Our competing
teams have always done us proud with many wins at the global
competitions. The amount of work and time they put into these projects
really shows in the passion and commitment the teams put across in their
Our track record at previous global competitions has also reflected
our teams' hard work with many recognitions and achievements to our
name. I believe that this year's teams will raise the bar even higher'.
At the recently concluded first round of the local competition, 8
teams moved forward to the final round which is to be held on April 29.
The 8 finalist teams comprise three teams from University of Colombo
(Teams Collectivists, Saturnin and GreenBros), two teams from Sri Lanka
Institute of Information Technology SLIIT (Teams JIIB and HELY), two
teams from the University of Moratuwa (Teams 4-Alliance and Saggezza)
and one team from the University of Peradeniya (Team MakeIT).
Nuwan Kodagoda, Head, Department of Information Technology, Sri Lanka
Institute of Information Technology, speaking on the impact of the
competition said The Imagine Cup has now become one of the key events,
showcasing the talents of IT undergraduates in Sri Lanka. It has helped
inspire IT Undergraduates to use the latest technologies to solve real
world problems and has opened many opportunities for those who have
actively participated in the competition in the past.
In 2009 winners of the Sri Lankan edition of the Imagine Cup Team
Mahee from SLIIT were able to proceed to the second round in the World
Finals held in Egypt.
The overall theme of the Imagine Cup events is for students to employ
different technologies to solve problems or better standards. The
creativity and innovation aspect of the competition comes from the
students themselves, who will work in teams to present and justify these
projects to a panel of judges who will evaluate them based on the
creativity and technical merit of their project as well as the viability
and innovativeness of their idea.
This year's local winners will move on to compete in the global
competition in Poland where they will come up against some of the
brightest young minds in the world, giving them a platform to learn from
other countries while also exhibiting local talent and innovative skills
to the world. Microsoft Sri Lanka firmly believes that given the success
of local teams in the global competition in previous years, this year's
teams will do their universities and country proud and wish all the
competing teams the best of luck.
SLASSCOM sets up Mobile and Telco Center of Excellence
SLASSCOM announced the setting up of the SLASCOM Mobile and Telco
Center of Excellence (CoE) with the vision to bring together leading
solution providers, education institutes and service providers in
advancing the fast growing Mobile and Telco IT/BPO Industry vertical in
As National strategy, Sri Lankan IT/BPO industry is focused on
several niche areas to build globally competitive products and service
offerings to targeted market segments.
Leading Mobile Telco solution providers including Dinota IT,
Eurocentre, hSenid, Informatics, Mortorola, Sabre, Virtusa and Wavenet
are members of the CoE who have come forward to collaborate within the
CoE. SLASSCOM welcomes all mobile solution providers to join the CoE to
take advantage of the collaborative force. "Mobile Telecommunication is
a fast growing industry sector with massive global growth potential.
We believe in the next five years, large part of IT solutions will be
mobile based in a way which is unimaginable today.
Our focus is to stay ahead by leveraging our collective forces as an
said SLASSCOM Mobile & Telco CoE Leader and CEO Dinota IT Nayana D.
BCS, a fast and convenient option for an IT qualification
BCS Higher Education Qualification is considered as the "gold
standard" for internationally recognized IT qualifications, accepted by
all Sri Lankan and European industries alike, These exams are also
referred to as the highway to proceeding to a Masters qualification
since the Chartered Institute for IT Higher education qualifications
gives students the opportunity of being professionally qualified in IT
with a UK honours degree equivalent by the age of 18.
Three levels of the qualification can be completed within 18 to 20
months which is half the time that one would normally invest in a degree
In addition, the examinations are held twice a year, in April and
October, for the convenience of completing the qualification at the
earliest possible time.
Apart from the preeminence of the time saving factor, BCS boasts a
great economical aspect where students can save over 60 percent in
course fees as compared to the cost of obtaining a degree from a foreign
Another advantage that triumphs would be convenience, since the BCS
qualification is modular and students can choose the order in which they
Some students do either the Certificate and Diploma levels in one
sitting or the Diploma and PGD levels in one sitting, thereby reducing
the time to complete the entire programme. David Clarke, BCS CEO, said
"IT, which can be studied in its own right or entered after studying
more traditional subjects, is the up-and-coming profession for the 21st
People who work in IT have the sought-after skills and experience
perfect for the new knowledge economy, and can command good salaries and
"He stressed the importance of attracting young people to IT and
convincing parents that IT as a profession "is comparable with the more
traditional professions, such as law and accountancy."
Courses offered by BCS are demanding qualifications in IT, both
locally and internationally and are recognised by over 50 Universities
in the UK as a route to postgraduate study.
The concept of an information society could be achieved only by
having a high performing IT education system, IT-literate policies, a
respected and well-supported IT profession and a population with the
skills and the opportunities to be active and informed citizens.
The highly reputable BCS Chartered Institute for IT boasts
qualifications ranging from the ideal introduction for those who have
never used a computer before, to professional qualifications which have
set international benchmarks of quality for all people within the IT
EWIS completes 24 Years
As the pioneering local ICT Company, EWIS celebrated its 24th
anniversary, marking the beginning of another successful year.
EWIS is geared towards an eco-friendly initiative; "Green is a shade
of blue." This initiative is in place with the vision of directing the
local ICT sector towards an eco-friendly platform with many eco-friendly
options made available.
On that ground, we want to seek greener shades in our, corporate
blue" Sanjeewa Wickramanayake, the Chairman/ CEO of the EWIS Group
expressed his vision for the New Year; 2010/ 2011.
Ethics and CSR will be an important topic in the EWIS corporate
agenda. EWIS is also the only ICT Company in the Country to affiliate
with the United Nations Global Compact (UNGC), which reflects just how
seriously it takes its ethics and social responsibility. Sanjeewa
Wickramanayake, Chairman/CEO, E-wis, explains: "Our best practices
mirrored the tenets embedded in the UNGC and it seemed to us a natural
corollary to affiliate with a global code of best practices that has
been embraced by world-class corporates."
E-Praja Kirana, the CSR initiative of EWIS is born out of a desire to
provide rich employment opportunities in rural areas so that braindrain
is eliminated at the grassroot level, discouraging village youth to move
to the city and then leave the Country's shores.
"My aim is to take IT to the villages; outsource IT expertise from
By enhancing ICT infrastructure in rural areas, local youth will be
empowered to live and work in familiar environments," he adds. Already
EWIS has outsourced employees from around the Country who are now
involved in many significant projects.
Wickramanayake said, "This year ahead will be a very special one for
the country. We are finally facing the world as a peaceful nation
without the tension of terrorism. With this positive background, we all
should look forward to a prosperous future''.
Abans Auto introduces New Tempo Traveller bus
The new Tempo Traveller from Force Motors India comes with a newer,
improved outlook and a five cylinder Turbo Intercooler Mercedes Benz AG
Germany 2600CC engine with five forward manual engine, which is an
upgrade to a faster engine compared to the earlier version which had a
four cylinder engine of the same make.
The New Traveller has a 6 ft. internal height and comfortable seating
for 17 passengers + driver with plenty of leg room between rows of seats
for absolute comfort.
The new five cylinder Traveller was specially developed to meet the
unprecedented demand from countries such as South Africa, Morroco,
Honduras, Senegal and Nepal for rugged road conditions which required a
more powerful engine.
And what's more about the new Traveller is the improved body. The
modern and reliable paint process employed uses five protective layers
of paint. The body is 'Spray-Phosphated' through a seven stage spraying
The process employs 'Electrophoretic Dip Painting'. The Tempo
Traveller body is a 'Monocoque' design so as to directly accept the
engine, gearbox, wheel assemblies and, suspension springs.
An ultra modern assembly method is followed for assembly of the body
and the aggregates for automated underbelly assembly.
Force Motor's R & D Centre is among the most advanced in India with a
150 terminal (CAD) Computer Aided Design network.
Over 90% of the vehicles currently manufactured and sold by Force
Motors are the latest designs, where introduction is less than five
The company spends over 5% of its annual turnover on new Product
Development. It employs 850 people for their R&D, tooling and project
activity - 450 of which are Engineers.
ICT facilities for Samurdhi beneficiaries
The Information and Communication Technology Agency of Sri Lanka (ICTA)
has taken steps to raise the standard of life of Samurdhi beneficiaries.
This is implemented under the e-Samurdhi project.
Accordingly a centre with Information and Communication Technology
facilities will be set up based at the Sri Lanka Samurdhi Authority.
Through this any Samurdhi recipient will be able to build up
relationship with the Samurdhi Authority from wherever he is.
This will also enable the Samurdhi beneficiary to inform the Samurdhi
Authority not only about the problems he faces but also about the
benefits and privileges he obtains as a Samurdhi recipient. Samurdhi
beneficiaries are also able to be in contact with the Samurdhi Authority
by making use of the ICT facilities available at Nenasalas.
ICTA says that it has taken steps to provide the necessary training
to obtain the assistance of about 100,000 Samurdhi beneficiaries for
implementing this ICT internet facility. ICTA said the initial study has
already been completed for this purpose and that the installing of the
relevant software has by now commenced.