Wednesday, 02 February 2011
Isra Cards Released Mifare Plus Smartcard
French card manufacturer Isra Cards has released its new contactless smartcard - the Mifare Plus. According to Isra, the new smart card features an integrated 'CPU' chip designed to provide companies with advanced security and privacy without having to change their system to be compatible with new Mifare Plus technology.
The card also comes with more storage space than the Mifare Classic and features a Common Criteria EAL 4+ encryption system.
According to Isra, the Mifare Plus has already been approved by the U.S. Government for document encryption, but possible applications vary from public transportation, access control and parking to student and employee ID, toll payment or loyalty.
CardNET Brings VeriFone's VeriShield to Dominican Republic
VeriFone Systems, Inc. announced that Consorcio de Tarjetas Dominicanas, S.A. (CardNET), the largest card transaction processor in the Dominican Republic, is the first customer in the Latin America and Caribbean region for VeriShield Total Protect.
CardNET processes an estimated 80% of the total value of card transactions in the country and will utilise VeriShield Total Protect to implement end-to-end encryption of card data.
With VeriShield Total Protect, cardholder information is encrypted at the exact instant of acceptance and encrypted throughout the enterprise until it is transmitted to a secure decryption server, eliminating any risk of usable cardholder data being compromised by a data breach.
VeriFone's patented, format-preserving VeriShield Hidden Encryption (VHE) uses sophisticated AES encryption and enables existing payment applications to deal with encrypted cardholder data that is unusable by hackers, but does not impact existing transaction message formats. That makes it possible to integrate VeriShield Total Protect in cost effective manner.
Bell ID opens Office in Bahrain to Serve Growing Middle East Market
Bell ID announced its expansion in the Middle East with the opening of a new office in Bahrain. A permanent presence in Bahrain's Financial Harbour complex, which is located in the country's capital Manama, will enable Bell ID to better serve its existing Middle East customer base. This includes King Fahd University for Petroleum and Minerals, SABB (part of HSBC) and Government of the State of Qatar. A local presence will also allow the company to service growing demand within the region for sophisticated smart token management solutions.
Erik Wellen, General Manager at Bell ID Middle East, who will be heading regional operations from Bahrain, comments: "Bell ID has been active within the Middle East for the past eight years; the region continues to be one of the most important and fast-growing economic regions in the world, making it integral to Bell ID's strategic vision for growth. The Middle East has well established EMV issuance and ID card deployments. More recently, we are seeing exciting new developments emerging within the region related to mobile contactless, also known as near-field communication (NFC) technology, and national identity programmes."
mFoundry Launches mDeposit Express Convertible Mobile Deposit Solution
mFoundry announce it has launched mDeposit Express, a standalone mobile remote deposit capture solution that banks and credit unions can use to provide customers with an immediate mobile deposit solution, regardless of their current mobile banking platform.
mDeposit Express enables banks and credit unions to "turn on" mobile deposits for all their customers within a few weeks, even if they don't have a mobile banking offering. In an industry first, mDeposit Express can be converted on-the-fly-into a complete, multi-mode mobile banking solution with a direct host system or home banking integration without any disruption to the mobile deposit service.
mFoundry is able to offer the standalone, yet convertible, mobile remote deposit capture solution because of its adaptable product architecture. A scalable, hosted software platform combined with leading-edge mobile application technology provides the most flexible foundation for deploying this type of convertible mobile deposit product.
"There is no question that mobile capture is the 2011 'must-have' feature for mobile banking," said Bob Egan, Foundry & Chief Analyst at Sepharim Group. "We expect that many banks and credit unions will deploy a standalone mobile capture solution as a stop-gap solution for their customers, while they figure out their mobile banking and payments strategy. Institutions doing this, however, run the risk of having to market and service two technologies if they haven't got a clear path to integrated mobile banking."
Gemalto and AIS Launched Asia's First Chat SIM
Gemalto has introduced Asia's first "Chat SIM," in Thailand. The SIM enables customers to chat unlimitedly from every handset 24x7 (24 hours, 7 days), without a smart phone, computer or notebook. Chat SIM just needs Gemalto's LinqUs SIMessenger solution. The new service is built in cooperation with AIS, Thailand's largest mobile operator with more than 30 million customers and Microsoft.
Gemalto's LinqUs SIMessenger solution is simple to use, utilises an intuitive user interface and includes a convenient protected automatic sign-in where user login and password are stored securely. Subscribers can instantly log-on to their Windows Live Messenger application via an SMS menu, anytime, anywhere.
LG Plans European Mobile Swipe Payment System in 2012
LG Electronics plans to launch a swipe payment system for product and service retailers in Europe in 2012, which would allow consumers to make payments at the check-out using smartphones.
According to Jin-Yong Kim, vice president for business solutions at LG's Home Entertainment division, the 'Swipe' Payment System will target small and medium-sized businesses and the system will include NFC or near field communications and cloud computing technology.
NFC technology will allow shoppers to swipe their hand-held device over an electronic reader at the check-out to directly pay for goods and services from their bank account.
Analysts Frost & Sullivan have said they expect that by 2015 there will be more than 860 million NFC-enabled mobile phones in use, and that the NFC technology will be the most-used solution for mobile payment.
Kim declined to give further details about the company's point-of-payment equipment for mobiles, but added that it will also be integrated into the other LG systems its business customers use including interactive TVs and security systems.
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