Monday, 27 June 2011
Historic $16 Million Deal Signed By Solacia and SK Telecom
Solacia, a leading USIM or the Universal Subscriber Identity Module technology supplier, has joined hands with South Korea's largest mobile service provider - SK Telecom, to provide Solacia's NFC-based USIM and Combi USIM to SK Telecom beginning March 2012.
The historic deal between both the companies is said to worth about $16 million (USD) which actually amounts to Solacia's total 2010 revenue. Solacia will supply its USIM smartcards for the very first time in Korea. Many global mobile companies are also preparing to adopt the new NFC-enabled USIM technology to new mobile devices. Solacia unveils a plan for new convergence services based on NFC USIM technology to various industries like finance, security, transportation and mobile telecommunications.
To note, Solacia is the first developer of the USIM Combi smartcards for the real mobile industry (3G WDCMA) and a leader of WCDMA based on NFC USIM technology for mobile and transportation card payments.
Solacia was awarded many patents for USIM smartcard technology based on mobile B2B and B2C in Korea. Solacia was also recently certified with the CC (Common Criteria) for NFC USIM technology and is the first in the area of NFC to be awarded the EAL 4 level.
Indian Mobile Handset Market Rises by 15%
The annual study 'Voice&Data 100' by telecom industry journal Voice&Data found the huge growth of the Indian mobile handset market from GBP 4 billion in 2009-2010 to GBP 4.6 billion in 2010-2011 fiscal year.
Among the top players in the Indian mobile phone market are Nokia who holds the number one spot, followed by Samsung and Micromax,
Other prominent mobile phone suppliers in India include Research in Motion, LG, G'Five, Karbonn, Spice, Maxx and Sony Ericsson.
The 'Voice&Data 100' covered all the mobile handset companies doing business in India across categories like feature phones, multimedia phones, enterprise phones and smartphones.
Eftpos Stresses on Two-Factor Security for Online Payments
Eftpos Payments Australia Ltd (ePAL) that manages the popular debit payments network - EFPTOS (Electronic Funds Transfer at Point of Sale) is about to introduce 'card-not-present' solutions next year. The 'card-not-present' system or CNP will allow merchants to accept payments via the internet or mobile phone. At present, only scheme credit, debit or charge card providers like Visa and MasterCard offer CNP transactions, for use in online sales.
The Australian Payments Clearing Association (APCA) report highlighted the alarming increase of card fraud in the country. According to the APCA, there were 332,993 incidents of fraud in Australia. Fraud that does not require a card to be produced, such as online, mail or over the phone, increased the most, by 38 percent.
APCA boss Chris Hamilton said "the changing trends in card fraud mirrored what was happening overseas. Every day, there are new online shoppers, new online retailers and more e-commerce. The new consumers and retailers online were still getting acquainted with basic security measures".
Eftpos managing director Bruce Mansfield said "the figures highlighted a worrying trend in CNP fraud for scheme credit and scheme debit cards. The trends that we are seeing in terms of fraud highlight the need to address card-not-present security challenges".
According to Mansfield, Eftpos would consider two-factor authentication that requires both passwords and physical tokens for authentication purposes. CNP trials would commence by early 2012. However, he declined to say anything on when the pilot trial would commence.
ComfortDelgro Unveils New Contactless Credit Card Payment
Singapore-based taxi operator, ComfortDelgro, has introduced contactless credit card payment system to make its easier for passengers to pay using their credit cards. All the 15,600 taxis operated by ComfortDelgro will have this new contactless credit card payment technology.
The new system will let passengers tap the card on the payment system's touchscreen instead of swiping the card for giving fare. The in-cab payment system also accepts charge and ATM cards. According to ComfortDelgro, contactless technology will also start accepting ez-link and EPins payments from July 2011.
New contactless credit card payment will replace all existing cashless payment systems in all ComfortDelGro taxis by the end of this year. The transfer to the new system will cost the operator S$5 million.
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