Thursday, 01 September 2011

Gemalto Supplies ING Belgium with Ezio End-to-End Authentication Solution

Gemalto announces that ING Belgium is deploying its Ezio suite of end-to-end strong authentication solutions to deliver increased security to circa one million online banking customers. Gemalto also provided a full set of complementary services including server integration, packaging and direct delivery of the Ezio Classic card readers to ING Belgium customers.

The Ezio Classic reader makes use of the smart banking cards that the ING customers already have, to easily generate a One-Time-Password for secure access to their bank account online as well as signing online transactions. This way, ING Belgium fully complies with the strict Belgian regulation for online security and pro-actively keeps its online security in line with the ever evolving online threat levels. At the same time, it provides ING's customers with an easier way to start banking online and the possibility to bank from anywhere from any device with an Internet connection.

"We have selected the flexibility and scalability of Gemalto's Ezio server, because it can easily support multiple strong authentication devices, and expand into the mobile phone and optical reader technology," said Quinten Fraai, General Manager, Direct Channels, ING Belgium.

Nearly Half of Internet Users Access via a Mobile Phone

Information, which comes from the Office for National Statistics (ONS) opinions survey, shows that 71 per cent of 16-24 year old Internet users accessed the Internet via a mobile, the highest of any age group, up from 44 per cent in 2010.

Internet users aged 65+, at 8 per cent, were least likely to access the Internet by a mobile. 38 per cent of all adults also accessed the Internet via another sort of mobile device, such as a laptop or tablet.

In 2011, 4.9 million people, or 13 per cent of Internet users, connected to wireless hotspots provided in public places such as restaurants, hotels or airports. This has almost doubled from last year when the number stood at 7 per cent.

Social networking is becoming ever more popular. Overall, 57 per cent of adult Internet users used online social networks in 2011, up from 43 per cent in 2010. 91 per cent of 16-24 year old Internet users now use social networking sites.

IBM to Acquire Algorithmics

IBM today announced a definitive agreement to acquire Algorithmics for $387 million, subject to price adjustments at closing. Algorithmics is a risk analytics firm with operations in Toronto, Canada. Algorithmics' risk analytics, software, content and advisory services are used by banking, investment and insurance businesses to help assess risk, address regulatory requirements and make more insightful business decisions. Algorithmics is a member of Fitch Group, which is majority owned by Fimalac, a holding company based in Paris, France.

"Today's economic environment demands that financial institutions have more cash on hand, a better understanding of their financial standing and the ability to deliver more transparency to stakeholders," said Rob Ashe, IBM General Manager, Business Analytics. "Combining Algorithmics' expertise with IBM's deep analytics portfolio will allow clients to take a more holistic approach to managing risk and responding to economic change across their enterprises."

US Department of Justice Files Antitrust Lawsuit on AT&T

Yesterday, Deputy Attorney General James M. Cole announced at a press briefing that the US Department of Justice had filed an antitrust lawsuit in U.S. District Court in Washington, D.C. to block AT&T's acquisition of T-Mobile.

The Department filed its lawsuit because they believe the combination of AT&T and T-Mobile would result in tens of millions of consumers all across the United States facing higher prices, fewer choices and lower quality products for their mobile wireless services.

"Right now, four nationwide providers account for more than 90 percent of the mobile wireless connections in America, and preserving competition among them is crucial. AT&T and T-Mobile currently compete head-to-head in 97 of the nation's largest 100 cellular marketing areas. They also compete nationwide to attract business and government customers. Were the merger to proceed, there would only be three providers with 90 percent of the market, and competition among the remaining competitors on all dimensions-including price, quality, and innovation-would be diminished".

Monitise Partners with RBS Technology Services for Mobile Services

Monitise plc announces it has signed a new partnership agreement with RBS Technology Services to broaden mobile banking and payments services across its banking divisions.

Monitise has strengthened its existing relationship with RBS by entering a new five-year global strategic partnership. Under the terms of the new agreement, RBS will utilise Monitise's platform to provide innovative bank-grade and secure mobile apps and services to RBS customers.

By further integrating Monitise's configurable technology platform within the bank, RBS is able to give its customers richer, real-time smartphone services as new devices and operating systems hit the market, while continuing to provide mobile services to any customer that wants them via text message, no matter what phone they have.

The new contract covers all RBS Group divisions including RBS and NatWest UK Retail, Citizens Bank US, Ulster Bank and RBS Global Corporate and Business.

Will Jones, General Manager for Monitise's RBS partnership, said: "New apps have been developed on the Monitise platform as part of a partnership project with RBS called Quantum Leap. It really does deliver a leap forward in terms of client innovation and convenience, with helpful banking at the heart of these new apps. The integrated technology is fully flexible and lets the bank optimise every app to take advantage of what advanced handsets can do."

Payfirma Launches Canada's First Blackberry Mobile Payment App

Payfirma has announced the release of its Blackberry Mobile Payment App for Canadian merchants to accept credit card on their Blackberry devices instantly. Anyone with a Payfirma merchant account can now accept and process credit card transactions in real-time on their Blackberry devices. The application is free to download and is compatible with most versions of the Blackberry device.

"Payfirma's mission is to bring efficient payment technologies to all Canadian businesses, large and small," noted Michael Gokturk, CEO and founder of Payfirma, "The next release of our mobile apps will enable users to link their settled funds from the phone directly to an NFC (near-field communication) chip within the phone itself," continues Gokturk, "enabling the smartphone to be used as an e-wallet and using it to pay for goods and services wherever NFC devices are enabled."

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