Monday, 31 January 2011
Telit Wireless to Purchase Motorola's M2M Modules Products Line
Telit Wireless Solutions and Motorola Solutions have signed an agreement in which Telit will purchase Motorola Solutions' M2M modules line of products, and Motorola Solutions' associated employees will join Telit. The sale is subject to customary closing conditions and regulatory approvals.
The acquisition would bring Telit's consolidated pro forma revenues to approximately $180 million for the year ended December 31, 2010. In recent years, Telit successfully acquired and integrated companies with complementary offerings in various territories.
ID Data Cards - Vincento Payment's Preferred Card Supplier
Electronic money issuer Vincento Payment Solutions has reappointed ID Data Cards Ltd, a member of the TALL Group of Companies, as preferred card supplier for its combined online eAccount and prepaid MasterCard solution Kalixa. Under the two-year agreement, ID Data Cards will support the company's expansion plans for the Chip & PIN Kalixa Card into new European markets, providing a complete plastic card solution for all production and fulfilment requirements.
Vincento Payment Solutions has been working with ID Data Cards since 2008, when the company was developing its MasterCard prepaid card program. Originally named Cactus but later re-branded as Kalixa, the scheme was introduced in the UK in February 2009, followed by subsequent launches in Germany in November 2009 and most recently in Italy earlier this year.
ID Data Cards has handled every aspect of the production and fulfilment process for Kalixa including design, manufacturing, personalisation and mailing, with Vincento Payment Solutions planning to launch Kalixa into 5 other European countries.
Tecnocomputacion, Latest Value Added Reseller in Latin America
Tecnocomputacion 3000, S.A., a leading integrator of payment solutions and service provider to the financial, government and retail industries, has become the latest value added reseller to join Collis' growing network of distributors worldwide. Recently, Collis has taken some important steps in reaching out to new customers worldwide, especially within Latin America.
Tecnocomputacion will sell the complete Collis Payment Tools suite, which consists of the products from the Collis Issuing and Acquiring portfolios, including award winning and accredited test tools (Collis EMV PVT, Collis Card Image Editor, Collis Card Simulator, Collis Brand Test Tool and Collis Card Spy).
Collis is a market leader in payment, mobile, government and transport industries offering innovative, state-of-the-art products and best-in-class services enabling reliable issuance, acquiring, processing and certification by ensuring trust in (smart card) technology. Collis is a member of key governing associations and enjoys official recognition of organisations such as Visa, MasterCard, JCB, EMVCo, etc.
First Indian State to Get Biometric Authentication Cards
Andhra Pradesh became the first state of India to get Aadhar-based smart cards. Maheswaram Mandal, which is about 24 km from Hyderabad, became the first revenue division in the country to use the biometric authentication cards. The India government has launched the Unique Identity Number (UID) Project, also called Aadhar, to distribute biometric cards to each individual in India.
The state civil supplies minister, D Sridhar Babu, said 11,000 households had been identified and brought under the Aadhar smart card scheme. According to Babu, "The biometrics of these families have been captured and these people will be given the cards which will be useful not only for drawing rations but for health insurance scheme, scholarships and various other schemes".
Zain Group Supports the GSMA Mobile Privacy Principles
Zain Group, the leading mobile network operator in the Middle East, declared its support for the Mobile Privacy Principles of the London headquartered Global System for Mobile Communications Association or 'GSMA'.
The GSMA new principles describe the ways in which mobile consumers' privacy should be respected and protected when customers use mobile applications and services to access, use or collect personal information. The principles are the result of close collaboration by leading mobile operators, including the Zain Group, and other interest groups and stakeholders within the mobile industry.
DNS Founding Director Stuart Fraser Appointed by miiCard
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.
miiCard is a unique digital passport for the consumer that proves "I am who I say I am" in real time, for the first time. Owned and managed by the individual, miiCard allows the consumer to track, monitor and so, for the first time, take control of their online identity.
Stuart will be responsible for the design and implementation of miiCard's security token service which will verify user identity to Anti-Money Laundering, Know Your Customer Regulations and the Proceeds of Crime Act standards.
Drawn to the challenge of developing a global digital passport that proves the user's identity and becomes stronger the more it is used, Stuart says: "As the threat of internet fraud and identity theft increases it is critical that we find some way of being able to take control of our digital identity.
"Every day we give away our personal data to companies around the world, from Facebook and Google to banks, retailers and government agencies. And once we have given it away, we have no control over what happens to our identity. It is vital that we find a way of taking control back and I am very excited about the implications of miiCard for the future of digital identity."
Wikileaks and Data Breaches Drive Imperva's Growth
Imperva announced today that it achieved record growth at the close of fiscal year 2010, experiencing a 43 percent increase in revenue over 2009 and marking Q4 2010 as the largest quarter on company record. In 2010, the company also expanded its executive team and board of directors as well as released new innovations in its SecureSphere Data Security Suite.
"Data breaches continue to inflict financial and reputation costs-especially WikiLeaks. In 2010, awareness grew dramatically around the need for database, application and file security. Not surprisingly, 2010 was a milestone year for Imperva and customer demand for our solutions has never been greater," said Shlomo Kramer, Founder and CEO of Imperva. "In 2010 we were able to drive innovation in key areas including threat detection and file security as well as add experienced company-builders to our senior team and board. Imperva is poised for continued success in 2011."
ABN AMRO, Atos Worldline in Online Services Deal
Dutch financial services company ABN AMRO has signed a five-year contract with global electronic payment services developer Atos Worldline, for the supply and management of a platform to support transactions via the iDEAL electronic payment standard.
As part of the agreement, Atos Worldline is expected to provide a centralised service to enable ABN Amro to process payments in the new SEPA environment via a single account.
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