Wednesday, 18 May 2011

Inside Secure to Go Public

France-based leading semiconductor, NFC chip supplier Inside Secure has filed a registration papers with French regulators for its planned listing on the NYSE Euronext exchange in Paris later this year. Recently, Inside announced the registration with the Autorite des marches financiers, AMF and issued a preliminary prospectus.

Company executives said in a press conference: "Inside's strategy is to address markets for NFC chips, including secure elements; EMV payment cards, especially dual-interface cards; and digital security, including access control, ID cards and machine-to-machine applications". According to Inside CEO Remy de Tonnac, "The IPO will give Inside greater leverage to make acquisitions when opportunities arise, along with increasing its visibility on world markets".

However, Inside officials were has not confirmed the news of the company trying to raise about Euro-0100 million (US$141.5 million) in the IPO. They also declined to predict when the IPO would launch, though were confident that it would happen in 2011 only.

140 Million Credit Card Customers at Risk over Electronic Pick-pocketing

Using the RFID (Radio Frequency Identification) technology, criminals can at any moment clear your pocket before you realise you are robbed. According to California law enforcement officials, about 140 million credit card customers are at risk of electronic pick-pocketing in USA.

Placer County Sheriff's Department Detective Jim Hudson said: "I don't have to touch this card to get the information. I don't have to do anything other than walk by you".

Instead of handing the credit card over to a waitress or clerk to swipe, customers can just wave the RFID chip-embedded card near a reader. The RFID reader picks up the information from the chip in the credit card and payment is done.

RFID is meant to make things efficient and is becoming more and more popular. "When it's at its best, it makes things relatively seamless", commented Sac ramento State sociology Professor Kevin Wehr.

Intel Rejects ARM Chips

Intel's chief executive officer Paul Otellini rejected speculation of acquiring rival ARM Holdings' technology to build mobile chips.

Intel has so far failed to get its processors into smartphones and tablets, a hot spot where chips designed with battery-friendly technology from Britain's ARM Holdings are becoming a standard.

Mr. Otellini said: "There's no advantage going in there, we'd be beholden to someone else, beholden to ARM...I think we can do a better". Intel CEO also reaffirmed his expectation that PC unit sales will increase in the "low-double digits" percent this year. This month, Intel came to news for utilising the new "3D" manufacturing process to make its chips. In reaction to what Intel is doing, ARM's CEO Warren East said, "Intel's move to 3D technology would not affect plans by ARM's partners to manufacture smaller, more powerful chips".

Lloyds Banks on 2012 Olympics M-Payments

Lloyds TSB is the latest to join the team comprising Visa and Samsung to offer contactless payment system in 2012 London Olympic Games.

Using contactless mobile payments handset, public can make low value payments by selecting a Visa mobile contactless application and then waving their handset against the equipped terminals. The firms said they will be handing out handsets to sponsored athletes, while members of the public can buy them from network operators and get a Visa-enabled SIM card.

Lloyds TSB has become the bank issuance partner. Olympic handsets given to Visa-sponsored athletes will be linked to Lloyds TSB's accounts.

There is also news of Lloyds TSB working towards a roll out of a pilot contactless mobile payments programme from this month using pre-paid accounts ahead of a commercial launch by the end of the year.

University of Colorado Uses VASCO Strong Authentication to Prevent Malicious Attacks

VASCO Data Security International, Inc., a leading software security company, announced that the University of Colorado at Boulder is using DIGIPASS GO 6 and IDENTIKEY Server to provide secure access to its supercomputer and its network.

Recently, the Colorado University installed a new, powerful supercomputer that contains critical research, making it quite vulnerable to malicious attacks. The University realised the computer is prone to virus threats since it offers free access to both the University and other organisations including the National Centre for Atmospheric Research (NCAR).

In addition, the University demanded a security solution that would serve multiple strong authentication needs particularly that of a one-time password support for their campus Juniper SSL. Hence the institution selected a combination of VASCO's IDENTIKEY server and DIGIPASS GO 6 to address both authentication and back-end system requirements.

Since the installation, the University has utilised VASCO's strong authentication for the LINUX/UNIX based computing systems as well as their campus Juniper SSL VPN BR1. It currently supports a combination of 750 on-premise and 250 remote users including BlackBerry, iPhone and Windows Mobile wireless users.

M2M to Generate $35 Billion in Service Revenues by 2016

M2M (Machine to Machine) connections will earn over $35 billion of service revenues across various industry sectors, including smart metering, point of sale, retail, banking, security to name a few, by the end of 2016, finds a Juniper Research report.

Some of the findings from the M2M and Embedded Strategies research include:

  • Partnerships: Companies which act as M2M enablers have developed important partnerships with carriers to facilitate the development of embedded connectivity.
  • Regulations: Regulatory initiatives will remain an important boost for the M2M market, such as the European Directives on smart metering and Europe's eCall vehicle safety initiative.
  • Smart Metering: While still demonstrating high device numbers, has slowed following class action law suits in the US and other developments.
  • Regional Opportunities: POS (Point of Sale), retail and banking industry will have an increasing opportunity particularly in developing markets in Latin America.

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