Friday, 05 August 2011
C-SAM's Wallet Management Platform and SDK to Support Isis Mobile Commerce Platform
C-SAM, a pioneer in secure mobile transaction technology, signed an agreement with Isis, the mobile commerce joint venture between AT&T Mobility, T-Mobile USA and Verizon Wireless, to license its wallet management platform and software development kit (SDK). The C-SAM platform will enable Isis to offer smartphone users a comprehensive mobile wallet for conducting secure near-field-communication (NFC) transactions related to payments, rewards, coupons, tickets, transit and other services.
"C-SAM's vision has been to recreate a leather wallet metaphor on mobile phones," said Sam Pitroda, Chairman and Founder of C-SAM. "We are excited about the agreement with Isis and confident that our mobile wallet will provide additional convenience, flexibility and security to Isis' customers."
C-SAM's SDK enables service providers to build their own applications for NFC based proximity transactions as well as remote over-the-air services. Isis will use C-SAM's SDK to rapidly build its open mobile commerce platform.
"We have incorporated learnings over the years from diverse markets and deployments to build a highly scalable mobile wallet management platform, supported by a comprehensive SDK," said Felix Marx, CEO of C-SAM. "C-SAM's platform and SDK will enable Isis and their partners to rapidly build a secure transaction ecosystem in the US. We believe Isis will usher in a new approach for service providers worldwide to build similar ecosystem based mobile payment and commerce networks for their respective markets."
Advent and Oberthur Enter into Exclusive Negotiations
Advent International, a private equity firm, and Oberthur Group announce that they have entered into exclusive negotiations for the acquisition of the Card Systems and Identity divisions of Oberthur Technologies.
Jean-Pierre Savare, founder of the group, and his family would retain a minority stake of about 10% in the company. The transaction would be valued at Euro1.15 bn. The proposed transaction requires workers' council consultation and is subject to the approval of relevant market authorities.
Indigo Identityware is Verified as Citrix Ready
Indigo Identityware announce that its software-only solutions 'InSafe' Strong Sign-on and 'InSession' Strong Workflow Manager and Enterprise Single Sign-on have been verified as Citrix Ready. The Citrix Ready program helps customers identify third-party solutions that are recommended to enhance virtualization, networking and cloud computing solutions from Citrix Systems, Inc.
Indigo Identityware's InSafe and InSession solutions completed a rigorous verification process to ensure compatibility with Citrix XenDesktop and XenApp, providing confidence in joint solution compatibility.
"Indigo is very pleased to have been deemed a Citrix Ready solution," says Tom Rheineck, Indigo's CEO. "Virtualization is rapidly expanding and the Citrix Ready verification is timely."
VeriFone Completes Acquisition of Hypercom Corporation
VeriFone Systems, Inc. announced yesterday the completion of its acquisition of Hypercom Corporation. In connection with the closing, VeriFone and Hypercom reached a settlement with the U.S. Department of Justice, following which Hypercom divested its U.S. payment systems business to The Gores Group, LLC.
"This strategic acquisition complements VeriFone's position as a trusted, worldwide leader of the electronic payment industry," said VeriFone CEO Douglas G. Bergeron. "VeriFone plans to grow and enhance all major product lines that existed prior to completing this acquisition, bolstered with the strong VeriFone brand identity."
VeriFone expects the acquired Hypercom business to contribute in fiscal year 2012 non-GAAP revenue of $350 million and non-GAAP fully diluted EPS accretion of 20 to 25 cents.
VIATAG Brings Cashless Parking to Germany
The Fraunhofer Institute and Logistics IML in Germany have developed an adhesive microchip for the windscreen to unlock the door to cashless parking.
VIATAG is a passive RFID solution, which means that the microchip does not need a battery. It draws its energy from the electromagnetic field of the reader device. The radio data is transmitted in the ultra-high frequency (UHF) range and the distance between the transponder and reader can be up to eight meters. Each chip has its own twelve-digit code, enabling every car to be identified when passing through the entrance and exit.
The fees are charged in the background online. A database application running on a central server controls the payment transactions. The customer can maintain an overview of the amounts debited at all times on a web application, like online banking. A list of the parking time and charges can be printed out as a partial or complete account. The total amount owed is paid at the end of the month by direct debit.
Data security is not a problem either said, Arnd Ciprina from the IML: "No personal data is stored on the chip. The twelve-digit code is encrypted so that third parties cannot connect the identification number with a user." Nor is it worth stealing the foil transponder. If the sticker is removed from the windshield it self-destructs and cannot be used again.
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