Wednesday, 19 January 2011

Oberthur Raising Finance for De La Rue Bid?

Privately owned Oberthur Technologies are thought to have approached buyout firms to help finance their bid for De La Rue, in return for a stake in its acquisition.

Earlier this month the UK takeover regulator gave Oberthur until the 7th February to make clear its intensions under a 'Put Up or Shut Up Deadline'. If Oberthur does not make a bid by the deadline it will be unable to do so for another for six months.

In December Oberthur's offer 896 million-pound offer was swiftly rejected by De La Rue.

Now Vancouver's Transit System to Accept Smartcards

TransLink has a signed a contract with IBM Canada and Cubic Transportation Systems to bring smartcard-based fare payment system to Vancouver's transit system, according to The Cloverdale Reporter.

Slated for a 2013 launch, the new system will allow passengers on Metro Vancouver public transportation, including the rapid transit SkyTrain, to pay for trips with a single smartcard.

According to The Cloverdale Reporter, the project boasts a $171 million budget, of which $84 million will go to Cubic for the operating system, fare gates, smart card vending machines, readers and other equipment. Most of the remaining budget will go toward upgrading SkyTrain stations with new turnstiles.

McDonalds Plans Massive Contactless Rollout in UK

McDonalds has confirmed the rollout of contactless payment technology in all 1,200 of its UK restaurants. According to The Mirror, the fast-food giant is introducing special contactless readers that will allow customers to pay for orders of GBP 15 or less with contactless credit or debit cards. The 1.5million-pound initiative is set for launch this summer.

MasterCard's New, Multi-Million Pound Partnership with TfL

Yesterday, MasterCard announced a "multimillion-pound" deal with Oyster smartcard's owner Transport for London (TfL), exclusive branding of TfL's Oyster card wallet for 2011.

The Oyster card wallet is distributed with all newly issued cards and is available from tube and rail stations and Travel Information Centres.

The initiative is part of MasterCard's greater strategy to raise awareness of MasterCard PayPass contactless payments in transport systems, according to Mike Cowan, MasterCard's head of transit in Europe.

MasterCard as well as Visa Europe are supporting a move by TfL to actually accept bank cards directly to pay fares. Plans call for 8,000 London buses to be equipped to accept open-loop payment by early next year.

HID Global Mobile Stickers to Secure Contactless Payments

HID Global is adding a mobile sticker format to its family of contactless payment and identification cards for paying through mobile phones and for NFC payment services.

The adhesive-backed sticker contains an internal ferrite layer that shields electronics from interference even when attached to items containing metal.

Contactless payment and identification stickers are available in both volume and sample quantities from HID Global so end-users can trial the technology before giving a large order. A sticker customisation programme allows users to choose from a variety of printing, laser engraving, programming, artwork and contactless chip technology options, upon request.

MasterCard Hired Orange Boss

MasterCard hired Mung-Ki Woo, the ex-Vice President of Mobile Payments of Orange, one of Europe's largest operators. Mung-Ki Woo will lead MasterCard's newly formed mobile unit.

Woo has worked at Orange since 2005, and is credited of hosting some of the first trials of near field communication (NFC) technology. He also coordinated a huge NFC push that's due to take place in France this year.

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