News for 2011

miiCard Launches Safe Online Shopping Campaign

Edinburgh, UK - November 28, 2011 - miiCard is urging UK shoppers to stay safe this Christmas and prevent online fraud by protecting their online identity. As more and more of us avoid the Christmas crowds by shopping online, so cyber crime levels continue to spike around the season with one in every hundred people affected by fraud and almost £70 million of ecommerce fraud predicted for Christmas 2011 (Source: IMRG).

Christmas is a key target for fraudsters, and shoppers are more than three times likely to experience fraud during the holiday period than any other time of year.  James Varga, miiCard’s CEO explains:  “Fraud is changing – as we start to reduce security and transactional fraud we are now seeing huge increases in fraud relating to identity theft, impersonation and false documentation.  And almost 72% of fraud this Christmas will relate to identity related issues (Source: CIFAS).

Digital passport service miiCard believe it is imperative that UK consumers are aware of the risks and take measures to protect themselves. The company has published a guide identifying the ten tips for safe and secure online shopping which it will publish across the internet and tweet daily in the run up to Christmas. These tips aim to educate the consumer, and will include advice such as: only buy from well known websites, read customer reviews and be careful with the information you share.

miiCard Invited to Speak at FinovateFall After Success at European Conference

New York, U.S. – September 14, 2011 – miiCard, developers of a revolutionary digital passport, have been invited to attend FinovateFall 2011, the high profile banking technology conference, after a highly successful visit to FinovateEurope earlier this year. miiCard CEO James Varga has been asked to speak at the prestigious event, which will be held in New York later this month.

miiCard, which last year signed a strategic development and distribution relationship with Yodlee, the leading provider of online and mobile personal finance management (PFM) solutions, is set to launch in beta before the 2011 Christmas retail season. The product aims to fight internet fraud and protect the consumer by finally solving the issue of trust online.  From buying a sofa or selling a bike, to finding a flatmate or applying for a new credit card through the Internet, miiCard allows the individual to prove ‘I am who I say I am’ and create trust when transacting online.

FinovateFall provides a showcase for the most innovative new financial technology products and ideas. The selection process to be accepted is exceptionally competitive and miiCard will appear alongside some of Europe’s most exciting emerging technologies.   FinovateFall will provide a powerful platform for miiCard to reach new customers, as well as to form strategic partnerships. 

Finance Experts Join miiCard Board to Boost Digital Passport Growth

September 12, 2011 – miiCard has appointed three key board members, Stephen Brannan, Graham Paterson and David Ball - bringing heavyweight financial services and investment expertise to the company at a vital point in its growth.

miiCard has developed a purely online digital passport service that brings trust to the Internet by proving the user’s identity to the same level as a driver’s license or photo ID. It closed its first funding round and completed a management buyout earlier this month and plans a beta launch later this year. The three new board members recognise that miiCard is at a critical stage in its success path and will bring their own expertise to help it reach its full potential.

Stephen Brannan has spent 15 years at Royal Bank of Scotland, latterly as director of Separation Business Services, and has extensive experience of the international banking industry. After leading the separation of a number of businesses acquired under ABM AMRO as part of the RBS Group’s strategy to return to stand-alone strength, and further disposals dictated by the European Commission in return for state aid, he most recently managed the separation process necessary for Santander to purchase parts of the RBS retail network.  Brannan also ran the RBS Cards business from 1999 to 2004, so has a thorough understanding of miiCard’s needs.

DNS Founding Director Stuart Fraser Appointed by miiCard

January 30, 2011 – Security expert Stuart Fraser joins miiCard to develop global digital passport.

One of Scotland’s leading digital security experts, Stuart Fraser, has been appointed by miiCard as Technical Architect. As co-founder of specialist IT security consultancy DNS, Stuart’s appointment is a coup for the pioneering digital identity startup.

Over eight years, Stuart helped DNS become the largest provider of security services in the UK before the company was sold last year to SecureWorks, now in the process of being bought by Dell.