Monday, 09 May 2011
Broadcom to Acquire Smart-Card Security Specialist SC Square
Broadcom Corporation, a leading semiconductor company is set to purchase smart-card security specialist SC Square for US$ 41.9 million. With the deal, Broadcom is said to use SC Square's expertise in smart-card security in communications equipment.
Broadcom's cash purchase of the Israeli security software firm - SC Square is subjected to unspecified closing conditions, and the deal is expected to close by June 30, Broadcom said. SC Square offers security work in areas of smart cards used in e-health, ID cards, passports, banking and credit cards. Its products include the Apollo smart card OS.
Last month, Broadcom Corporation completed its $313 million acquisition of Provigent, which provides chips for microwave backhaul systems. In the last quarter of 2010, the company picked up a trio of SOC (system-on-a-chip) developers, paying $75 million Gigle Networks, which focuses on home networking over power lines; $316 million for Beceem Communications, which develops SOC solutions for LTE and WiMAX, and $86 million for Percello, which works on SOCs for femtocells.
Strathclyde Commuters Will Get Smart Ahead of Commonwealth Games
Riders of buses, trains, ferries and subways in Strathclyde and Glasgow will soon have a new single smartcard to use in place of having to buy tickets from different operators. The planned introduction of the new smart travel card will help passengers to easily top-up with credit at stations, shops or online. The programme is possible as the result of an innovative Joint Venture between Strathclyde Partnership for Transport and Ecebs. The joint venture agreement was given official sign off last Friday.
The flexible single smartcard system will be fully operational in advance of the 2014 Commonwealth Games and will make it easier for people to travel throughout the region. The technology also allows for future additional services such as an e-purse.
According to news, GBP 775.000 is invested initially in this public/private sector joint venture.
MeS Launches PayEverywhere App for iPhone, iPad, Android, and Blackberry
Merchant e-Solutions, Inc. (MeS) announced the roll out of a suite of mobile payment apps on their new PayEverywhere platform.
PayEverywhere offers mobile merchants a secure way to accept all major cards, whether card-swiped or key-entered. Merchants can view their recent activity in a transaction log, check batch totals, and settle batches from their mobile device.
Additional features include the ability to send email receipts, connectivity with Bluetooth printers and card readers, tip processing, the ability to create customer records, and establish recurring billing records. Transactions processed through these mobile apps will appear in a merchant's PayEverywhere Virtual Terminal reporting, allowing extended management and reporting capabilities.
"Success for us is seeing our merchants ring in sales with maximum speed and minimum fuss. Closing sales should be easy whether you're at the office or on the road. Now, with PayEverywhere, it is," said Jim Aviles, Merchant e-Solutions COO.
E-ZPass to Replace MTA Cards for Subway Riders
In the coming years, MetroCard or MTA Card will be replaced by contactless 'E-ZPass' cards in the subways and buses of New York city, USA. The Metropolitan Transportation Authority believes the new fare system will replace the existing MetroCard in three or four years, and 'could save the agency millions'. "It's E-ZPass for transit," said MTA Chief Financial Officer Charles Monheim.
Tomorrow, the MTA will unveil its post-MetroCard vision to more than 70 companies in the technology, telecommunications and financial industries, including American Express, JPMorgan Chase and Nokia. The MTA has drafted a 140-page roadmap giving a detailed glimpse to-date of how the post-MetroCard might look like for the 7.4 million daily subway and bus riders.
E-ZPass will allow the riders to just tap the contactless credit or debit card in front of a sensor instead of swiping the card through a reader or dipping it into a bus farebox like the magnetic stripe MetroCard. Customers will be able to choose to pay as they go, with an amount deducted or charged by their financial institution, just like shopping with plastic cards at any store.
Riders can even pay in advance, buying a number of trips or a week or month of unlimited trips. Instead of having a separate MetroCard, the information would be electronically linked to the rider's debit or credit card. Straphangers who do not have those cards, or do not want to use them for mass transit, could buy an MTA Card, which would also work with a tap. The card would be sold at station vending machines, token booths or stores.
Metropolitan Transportation Authority expects E-ZPass will save labour and material costs, as it moves away from selling and distributing farecards. It sells more than 70 million MetroCards a year from token booths and in-station vending machines, which need to be constantly stocked and maintained.
Infineon invests Euro 198 million in Austria
As part of the investment volume planned for the 2011 fiscal year, Infineon Technologies is investing about Euro 198 million in production capacity expansion and in research and development in Austria.
Infineon intends to create 400 jobs in Austria in the course of this fiscal year. Infineon's workforce at the Villach, Linz, Klagenfurt, Graz and Vienna sites currently totals around 2,500 employees, of whom approximately 900 are engaged in research and development.
"The continued strong demand for our semiconductor solutions calls for capacity expansion" says Dr. Reinhard Ploss, Member of the Management Board responsible for Operations, R&D and Labor Director at Infineon Technologies AG.
McDonald's Go Contactless across UK
Fast food giant McDonald's will be introducing contactless payment technology into all its restaurants by the end of May 2011. Mark Fabes, UK IT director for McDonald's, said "the move will improve the customer experience". The company believes the new contactless system will work quicker than the exiting chip-and-pin transaction mode of payment.
Fabes added" "McDonald's would be the first major fast food chain to introduce the technology". The company is even thinking of starting loyalty schemes with promotions and vouchering system.
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