Wednesday, 06 July 2011
Belgium Gets easycash
easycash, German affiliate of Ingenico, has started its business in Belgium, and has done so by acquiring parts of the assets from BTG, a Belgian ISO (Independent Sales Organisation).
The Belgian branch of easycash GmbH purchases a terminal PoS (Point of Sale) estate to deploy its one-stop-shop and bank agnostic offer in the country. In addition to PoS related services, easycash will offer MasterCard and Visa acquiring services to the merchant.
It is believed with over 2,000 merchants in Belgium, easycash will get newer opportunities to deploy the Ingenico Telium and NFC based terminals in the country where its presence has been so long limited. The new branch of easycash in Belgium will be managed by Michel Seeger, a former Hypercom Benelux executive, under the operational responsibility of Ludovic Houri, Director Transaction Services of Ingenico.
ICSPA to Fight Cybercrime Globally
The International Cyber Security Protection Alliance (ICSPA) is set up to fight cybercrime on a global scale. Launched in London on 5th June 2011, the new body unites governments, international businesses and law enforcement agencies, including Europol, McAfee and Trend Micro.
UK Prime Minister David Cameron has welcomed the alliance saying, "Our government has already injected an additional 650 million-pounds to help improve our national infrastructure and protect against cybercrime, but the very nature of this threat calls for more than a national response; it demands a truly global response and that is what the International Cyber Security Protection Alliance is all about".
The prime minister also stressed that besides forming relationships between businesses, governments and law enforcement officers around the world, the new organisation, chaired by former Home Secretary David Blunkett, will also be investing in training and building an international exchange of expertise.
Sony Ericsson to Unveil 4G Mobile Phones
Sony Ericsson Mobile Communications AB will join China Mobile Holdings Ltd in designing and developing 4G mobile phones. The phones will support China's domestic fourth-generation telecommunications technology market.
Bert Nordberg, president and chief executive officer of Sony Ericsson Mobile said, "the company hopes to work on the time division long-term evolution (TD-LTE) technology, which is going global". Mobile operators in countries like Japan, India and USA have already adopted the latest 4G technology.
According to Nordberg, Sony Ericsson plans to bring the first LTE mobile phone to the Chinese market in 2012, when the 4G chipsets is thought to become cheaper.
Sony Ericsson has officially set up the global R&D centre and an operations centre in Beijing on 4th June 2011 in the hope of expanding its business in the world's biggest mobile phone market. China has the largest global mobile phone user population of 900 million.
Latest RFID Wristband for Timing in Marathons
DAILY RFID has released a latest RFID Wristband for personnel tracking, especially for runner timing in a marathon. Basing on HF frequency, this disposable wristband is waterproof and heat-resistant to support long-term usage in a marathon. Its comfort and light-weight is designed to be adjustable to the runner's wrist.
Each RFID wristband has a unique ID for tracking and tracing the marathon runner. It can automatically and accurately record the time the runner crosses the start and finish line.
Although designed for a one-off use, its data can be maintained for up to 10 years.
Plymouth Awarded 7.31 Million-Pounds to Improve Travel
Transport Minister Norman Baker has announced that Plymouth has been successful in two funding bids to deliver transport improvements in the city.
Plymouth Transport and Highways (the partnership between Plymouth City Council and Amey) has secured a total of 7.31 million-pounds from the Department for Transport's Local Sustainable Transport Fund.
The city has been awarded 4.33 million-pounds for the Plymouth Transport and Highways 'Plymouth Connect' project and a further 2.98 million-pounds for a regional 'smart ticketing' partnership project hosted by Plymouth University.
The 'smart ticketing' project will be delivered through a new company hosted within the Institute of Sustainability Solution Research at Plymouth University. South West Smart Applications Ltd (SWSAL) is a not-for-profit company formed in October 2010 and owned by 15 transport authorities and 15 major bus operators in the South West region.
The SWSAL smart ticketing project is worth 9.4 million-pounds in total, made up of funding contributions from councils across the region. Today's funding award of 2.98 million-pounds is crucial to the scheme and is expected to deliver:
Andrew Seedhouse, Director of Transport for the ISSR at Plymouth University and Chairman of SWSAL, said: "This funding award is a great start for our new research institute (ISSR), and great news for SWSAL. The ISSR is pleased to host and support SWSAL in its excellent work on smartcards for the South West and, as Chairman of SWSAL, I am personally delighted to be able to work closely with the City Council and SWSAL members in delivering the project, and making SW England the first fully smart region for local bus travel in England."
Israel's First Foreign Currency Debit Card Issued
Israel Postal Company's Postal Bank has released a new type of smartcard that that allows users to spend a predetermined amount of dollars, with no connection to a bank account. The country's first debit card in foreign currency is named "Visa Dollar Charger".
The Visa Dollar Charger will be sold in the Postal Bank's 700 branches around the country. It will be in effect for up to 3 years, hold up to $2,500 and cost a one-time fee of 40 Israeli New Shekel ($12). The purchaser will receive a code number on the day of buying the card.
The debit card can be used to purchase goods on websites abroad just like using credit cards, checks and cash. The Israel Postal Company said, the users will protect their own privacy, as no one else will know how they spend their money and how much remains in the smart card. The Visa Dollar Charger is reusable by being "charged" before going abroad. The money cannot be stolen, as the card requires a code number. The card can be easily blocked if lost or stolen and the remaining amount on the card can be collected from the Postal Company.
Sasi Shilo, chairman of the Israel Postal Company said: "the smart card is the most innovative new financial product it has issued in some time. As it is not connected to any Israeli commercial bank, it functions on its own and is "filled" with dollars. In the near future, a euro version will be issued".
Police Busted SIM Card Racket in India
Yesterday, the Mumbai police busted a SIM card racket by arresting Sandeep Amarsingh Thakur Mahadev, a SIM card sales executive, aged 27 years. Mahadey accused of selling SIM cards to people who submitted fake documents.
Mahadey was arrested at his residence in Andheri area of Mumbai after his name figured in the sale of Docomo cards to "bogus persons". The arrest followed a complaint from Tata Indicom, which alleged that unknown people had made International Standard (ISD) calls beyond their credit limit, causing a loss of Rs 10, 00000 to the company.
The city police found that Mahadev had illegally procured 5 SIM cards by using photo ID and ration cards from third parties. Which he then sold to 5 different people. The five people to whom the cards were sold reside in Delhi, Gurgaon and Uttar Pradesh regions of India.
Tata Indicom came to know about the fraud only when Idea Cellular, which provided the ISD facility, informed the company about the missing payments.
The police are looking for 3 more people involved in the SIM card fraud incident.
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