Category Archives: Card Industry News

Identiv Reports Second Quarter 2017 Results

By | August 10, 2017

FREMONT, Calif., Aug. 10, 2017 (GLOBE NEWSWIRE) — Identiv, Inc. (NASDAQ:INVE) today announced financial results for its fiscal 2017 second quarter ended June 30, 2017. For the second quarter, total revenues were $14.8 million, GAAP gross margin was 38%, GAAP net loss was $(1.9) million, and adjusted EBITDA was $0.2 million. “We continued to experience year-over-year organic growth in the… Read More »

Sierra Leone News: Parliament approves amendment to e-passport price

By | August 10, 2017

As requested by the parent agreement, Members of Parliament have yesterday approved the amendment of Clause 5 on the agreement between the government of Sierra Leone and NETPAGE (SL) Limited for the production of e-passports. According to ‘Clause 5′ of the agreement the initial sales price of the e-passport shall be the equivalent of $120 USD in Leones… Read More »

Nigeria – Funds stall production of electronic ID cards

By | August 9, 2017

Lack of funds tied to recession is currently slowing the production and issuance of the national electronic identification card being handled by the National Identity Management Commission (NIMC). Out of the 18.5 million enrolments and registrations made since 2012, when the project began, NIMC has only been able to issue 1.2 million cards. The Director-General of NIMC, Aliyu… Read More »

IDEX receives initial order for card sensor modules from leading Asian smart card provider

By | August 9, 2017

Oslo, Norway, 9 August 2017 – IDEX, a leading developer of advanced fingerprint solutions for mass markets, has received an initial order to deliver its off-chip fingerprint sensors for cards to a major Asian authentication and security card customer. The sensors will be integrated in the customer’s biometric ISO form factor card for government identification and access control applications, and… Read More »

Invitation to IDEX’s presentation and webcast of first half of 2017 report

By | August 9, 2017

IDEX ASA will release its interim report for the first half of 2017 on Thursday 10 August 2017.  CEO Dr. Hemant Mardia and CFO Henrik Knudtzon will present the results and a business review starting at 09:00 CET at the Felix Conference Centre at Aker Brygge in Oslo.  The presentation will be broadcasted live at this link: IDEX first half… Read More »

IDEX receives initial order for card sensor modules from leading Asian smart card provider

By | August 9, 2017

Oslo, Norway, 9 August 2017 – IDEX, a leading developer of advanced fingerprint solutions for mass markets, has received an initial order to deliver its off-chip fingerprint sensors for cards to a major Asian authentication and security card customer. The sensors will be integrated in the customer’s biometric ISO form factor card for government identification and access control… Read More »

MagTek Introduces the kDynamo Secure Card Reader Authenticator at Retail Now

By | August 9, 2017

Securing Magnetic Stripe, Chip Card and Contactless payments, MagTek’s kDynamo simplifies accepting payments with iOS tablets. SEAL BEACH, CA (PRWEB) AUGUST 09, 2017 MagTek, the world’s leading supplier of secure digital transaction technology and hardware, announces the release of the kDynamo, MagTek’s innovative tablet case with built in Secure Card Reader Authenticator made for certain iPad devices. As demand… Read More »

Seamless Delivers Contactless Payment Solution to a Hungarian Bank

By | August 9, 2017

STOCKHOLM, August 09, 2017 /PRNewswire/ — MeaWallet A/S (“MeaWallet”), part of Seamless Distribution AB, has signed an agreement with a Hungarian bank for delivery of MeaWallet’s proprietary technology for contactless card payments.  The technology will be delivered as a managed service, integrating MeaWallet´s tokenisation platform with the bank’s banking application. The solution will enable the bank’s clients to perform contactless… Read More »

Liberia Launches new Biometric ECOWAS Passport

By | August 8, 2017

Liberia has become the latest upgraded member of the International Civil Aviation Organization (ICAO) based on the Public Key Infrastructure (PKI) Agreement with the official launch of the of Liberian Bio-metric e-Passport, the official Liberian travel document printed and issued by the Ministry of Foreign Affairs.  President Ellen Johnson Sirleaf, who later became the very first recipient of the upgraded travel document, performed… Read More »

Somerset Waste Partnership ton only accept card payments from next month

By | August 8, 2017

THE old saying ‘Where there’s muck there’s brass’ is being put to bed across Somerset next month. The county’s 16 recycling sites will switch to operate cash-free and cheque-free from Friday, September 1, with almost all payments taken only on credit, debit and charge cards. The only exceptions will be the £2 cash entry fees for Crewkerne and Dulverton community recycling sites,… Read More »

Foreign cards on horizon, may woo Chinese users

By | August 8, 2017

Foreign debit and credit card companies face a long fight with local electronic payment market leader UnionPay as industry supervision is still evolving and customer needs are diverse, experts said.   US card network Visa has applied for a license from China’s central bank to operate in the Chinese market, it said in an email on Friday. MasterCard,… Read More »

Nxt-ID’s Strategy to Conquer IoT and Digital Payments is Proving Out

By | August 8, 2017

The burgeoning Internet-of-Things (IoT) ecosystem is growing by the nanosecond. Gartner estimates that there will be 8.4 million connected devices in 2017, a 31% increase from last year. One company that is stretching its IoT muscle is Nxt-ID (NXTD), an innovative tech company that introduced the world to smart wallets and has since expanded deeper into digital payments… Read More »

NXP Investors Stand to Gain From a Chip-Stock Rally and Qualcomm’s Desperation

By | August 7, 2017

I noted two months ago that activist Elliott Management’s reported push (recently confirmed) to get NXP Semiconductors NV (NXPI) to obtain a higher sale price from Qualcomm Inc.  (QCOM) had a good chance of paying off, given how chip stocks have performed since Qualcomm inked a $47 billion deal last October to buy NXP and how much Qualcomm needs the diversification and growth opportunities… Read More »

UK – Cathedral moving to contactless cash to boost donations

By | August 7, 2017

St Edmundsbury Cathedral in Suffolk is now taking contactless card payments in a bid to boost dwindling donations. Parishioners can already give to the 11th Century gothic building by direct debit. However The Rev Cannon Graham Hedger said “alot of people don’t carry cash on them anymore.” A contactless bank card reader has been placed next to the… Read More »

UniCredit Bulbank successfully completes first European trial of Mastercard’s next generation biometric card with IDEX fingerprint sensor

By | August 7, 2017

Oslo, Norway, 7 August 2017 – IDEX, a leading  provider of fingerprint solutions for mass markets, today announced that UniCredit Bulbank of Bulgaria recently completed a trial of Mastercard’s next generation biometric card, using IDEX’s flexible fingerprint sensor. The trial received extremely positive customer feedback, which focused on the convenience, security and ease of use of the card… Read More »

STMicroelectronics Completes Share Buy-back Program

By | August 7, 2017

Geneva – August 7, 2017 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced that it has completed the repurchase of approximately 18.6  million shares of its common stock for an amount of $297 million under its share buy-back program announced on June 22, 2017. The shares were repurchased between June 30,… Read More »

IDEX launches ultra-compact matcher algorithm optimized for biometric cards

By | August 7, 2017

Oslo, Norway, 7 August 2017 – IDEX, a leading developer of advanced fingerprint solutions for mass markets, today introduced a new proprietary matcher algorithm for next generation biometric cards. The patented algorithm was specifically designed to deliver a step-function improvement in performance for applications with acute power, processing and memory limitations. The matcher is ideal for biometric cards… Read More »

Indonesia – Anti-graft body to grill six witnesses in e-ID card graft case

By | August 7, 2017

Jakarta (ANTARA News) – The Corruption Eradication Commission (KPK) is set to question six witnesses in its investigation into an e-ID card graft case. “The six will be questioned as witnesses in the case against Setya Novanto (SN),” KPK spokesman Febri Diansyah said here on Monday. The six are Kurniawan Prasetyta Atmaja, chief of national identity number and… Read More »

ADVANCED CARD SYSTEMS HOLDINGS LIMITED Announces Change of Company Name to HNA Technology Investments Holdings Limited Approved at Extraordinary General Meeting

By | August 4, 2017

Advanced Card Systems Holdings Limited (“ACS” or the “Company”; collectively with its subsidiaries, the “Group”; stock code: 2086) is pleased to announce on 3 August that its proposed change of company name to HNA Technology Investments Holdings Limited has been approved by shareholders at an extraordinary general meeting held today. The Company announced previously that it proposed to… Read More »

Gemalto first in the world to be fully-certified by the GSMA for secure eSIM subscription management

By | August 3, 2017

Amsterdam, 3 August 2017 – Gemalto, the world leader in digital security, announces that its On-Demand Connectivity Service has become the first in the world to demonstrate full compliance with the stringent security requirements of the GSMA’s Security Accreditation Scheme for embedded SIM (eSIM) remote provisioning. As a result, OEMs, mobile operators, and service providers worldwide can be assured that Gemalto implements appropriate… Read More »