Thursday, 12 May 2011
Oberthur Looks to Sell 60% of Smart Card Business
Oberthur Technologies the second largest smartcard company, is looking to sell 60 percent of it smartcard business, which accounts for nearly three quarters of its total revenue and is valued around Euros 1-billion.
According the Les Echos the French financial newspaper, Oberthur enlisted the advice of Rothschild to carry out this operation. Oberthur is working with several banks and will send next week a memorandum to investment funds that may be interested. The first round to collect the tender will take place during the first fortnight of June.
SCM Microsystems' Contactless Reader Achieves CCID Compliance
Today, SCM Microsystems announced that its SCL011 contactless smartcard reader has been credited with CCID (Circuits Cards Interface Devices) standard compliance. The standard will make it easier for the customers to plug-in and use the reader without the need to install specific drivers.
The SCL011 contactless reader is especially designed for 13.56MHZ contactless smart card applications and supports electronic ID, payment and public transportation schemes, as well as interaction with NFC-enabled devices. The reader is fully capable of reading and writing NFC Forum compliant tags, based on MIFARE, FeliCa and Topaz.
According to Dr. Manfred Mueller, chief executive officer of SCM Microsystems, CCID has become a standard for the growing number of contactless and RFID smart card readers.
UK Data Sharing Code Revealed
A new statutory code of practice has been published by the Information Commissioner's Office (ICO). The code is designed to help businesses and public sector bodies share people's personal information properly, and cover both routine and one-off instances of data sharing.
The data sharing code contains good practice advice that will be helpful to all organisations that share personal information. The code also gives advice on when and how personal information can be shared as well as how to keep it secure.
The ICO consulted on a draft code in October, 2010. Since then a number of changes and improvements have been made, including the addition of more public and private sector case studies to explain practically how the Data Protection Act applies to data sharing.
Along with the full code of practice, the ICO has also published a summary checklist that can be used as a quick reference guide to sharing information.
Visa Unveils Next Generation Electronic Payments and Services
Visa Inc. announced the next generation of payments solutions that will replicate the ease, reliability and security of Visa point-of-sale payments within traditional and digital eCommerce, mobile commerce and burgeoning social networking commerce environments. New offerings are expected to include a secure cross-channel digital wallet and a range of customized mobile payments services that address the specific requirements of geographic markets around the world.
In certain countries with established electronic payments infrastructures, expansive Internet usage and broad mobile network penetration, Visa will be introducing a digital wallet and services platform. The digital wallet will store Visa and non-Visa payments accounts, support NFC payments through the innovative Visa payWave application and deliver a wide range of transaction services to accommodate multiple commerce scenarios--including eCommerce, mobile commerce, micropayments, social networks and person-to-person payments.
Visa is working with leading payments card issuers, community banks, credit unions, acquirers, payments processors and merchants to launch the digital wallet
FIME Goes to Dubai
FIME, a global leader in consulting, test and certification services for payment systems, cards and terminals, has set up its new office in Dubai. Peter Farren will lead the new operation of the company as the Head of Business Development. Peter Farren already has good working experience with FIME, as a consultant for a number of years.
Through this new office, FIME aims to strengthen its offering by delivering consultancy and project management services to local issuers and acquirers, which will finally lead to the development and implementation of domestic payment schemes and migration to EMV.
FIME Dubai settings will also accommodate testing and certification services for host systems, cards and terminals to ensure a solution meets the market's requirements, functional and security features and industry regulations prior to launch.
At present, FIME has offices and ISO 17025 accredited laboratories in France, Belgium, Taiwan, Canada, India, Korea and China.
Google Against Proposed Internet Restrictions in India
Google Inc. will not abide by the India government's proposed restrictions on the internet content. The search giant has made its points clear in a confidential memo sent to the Indian regulators. Google believes restrictions on internet content will damage its international trade. The Company has so far failed to convince the Indian government on the web content restrictions norm.
According to the Wall Street Journal, "the new Indian rules ban websites from publishing certain types of content. Also, there are specifications for the removal of such content within 36 hours after government notification".
Earlier, there have been no such regulations on internet content from India. However, with new regulations in place, things are set to change. In April 2011, the government issued new regulations where "any material deemed "disparaging", "harassing" or "blasphemous" could be banned".
As Google said, it will continue its attempt to influence India for not imposing any such internet content laws within its territory.
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