Category Archives: Card Industry News

NXP No.1 in MCU

By | April 28, 2017

The Freescale acquisition moved NXP from sixth in the 2015 MCU ranking to the top spot in 2016 with a marketshare of 19% ($2.9 billion). About three-quarters of NXP’s 2015 microcontroller sales were 8-bit and 16-bit MCUs used in smartcards. After Freescale’s business was merged into NXP, smartcard MCUs accounted for a little over one-quarter of the company’s… Read More »

Entrust Datacard lends its voice to PCI Security Standards Council

By | April 27, 2017

Entrust Datacard, a provider of trusted identity and secure transaction technology solutions, has joined the PCI Security Standards Council as a Participating Organization. Entrust Datacard will work with the council to achieve and improve payment data security worldwide, according to a press release. The company will play a role in the ongoing development of the PCI Security Standards,… Read More »

NXP delivers electronic driver licenses and vehicle registration smart cards to tame fraud

By | April 27, 2017

NXP Semiconductors N.V has announced that its partner HB Technologies, the leader in Algeria for secure solutions based on smartcard designs, chose NXP’s SmartMX2 microcontroller for the country’s new secure electronic driver license and vehicle registration smartcards. This strategic collaboration will help Algeria prevent driver license and registration frauds and modernize its government system as public services will… Read More »

STMicroelectronics Appoints Jean-Marc Chery as Deputy CEO and Names new Executive Team

By | April 27, 2017

Geneva, April 27, 2017 – STMicroelectronics (NYSE: STM) announced today the appointment of Jean-Marc Chery as Deputy CEO, effective July 1, 2017. Chery currently serves as Chief Operating Officer and, in his new role, he will continue to report to Carlo Bozotti, ST’s President and CEO.   In this new role, Chery will hold overall responsibility for Technology… Read More »

STMicroelectronics Reports on Main Resolutions to be Proposed at the 2017 Annual General Meeting of Shareholders

By | April 27, 2017

Geneva, April 27, 2017 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has announced the main resolutions to be submitted for adoption at the Annual General Meeting of Shareholders (AGM) which will be held in Amsterdam, the Netherlands, on June 20, 2017. The main resolutions, proposed by the Supervisory Board,… Read More »

STMicroelectronics Reports 2017 First Quarter Financial Results

By | April 27, 2017

  Net revenues of $1.82 billion, up 12.9% year-over-year on growth across all product groups Gross margin of 37.6%, up 420 basis points year-over-year Net income of $108 million, year-over-year improvement of $149 million Cash dividend of $0.24 per common share payable in equal quarterly installments to be proposed to the 2017 Annual General Meeting of Shareholders  Geneva,… Read More »

Statement from the Supervisory Board of STMicroelectronics

By | April 27, 2017

Amsterdam, April 27, 2017 – Maurizio Tamagnini, Chairman of the Supervisory Board of STMicroelectronics N.V. (NYSE: STM), and Didier Lombard, Vice-Chairman, have asked Carlo Bozotti, ST’s President and CEO, to be available for a reappointment in his current role. Carlo Bozotti has accepted the proposal. Therefore, the Supervisory Board has decided to propose for shareholder approval at the… Read More »

Notre Dame to issue contactless cards

By | April 26, 2017

Barcodes will soon be a thing of the past at the University of Notre Dame, where beginning this summer the Irish1Card Office will start issuing new contactless cards. The new, multi-technology credentials will retain the magnetic stripe that Notre Dame has long utilized and will for the first time feature chip technology. The story for Notre Dame’s Irish1Card is the same… Read More »

USA – Russian hacker receives 27 years in prison for widespread hacking, credit card fraud scheme

By | April 26, 2017

Roman Valeryevich Seleznev, a 32-year old Russian cybercriminal, was sentenced to 27 years in prison last week for defrauding various small businesses and financial institutions, causing more than $169 million in damages. Seleznev, known by the pseudonym Track2, was convicted in August of 38 counts related to hacking point-of-sale computers, stealing credit card information, and selling stolen data… Read More »

1oT Now Available in Over 150 Countries and Unlocking its Connectivity Platform to MNOs

By | April 25, 2017

1oT is becoming the leading global connectivity provider for Internet of Things (IoT) startups and is especially proud of its strong market presence in connected light vehicles segment. 1oT’s global SIM cards and self-service based connectivity platform called the 1oT Terminal are being used by hundreds of smart IoT startups all over the world. With this release, 1oT… Read More »

Philippines – Lawmaker: e-passport project illegally subcontracted

By | April 25, 2017

Rep. Aniceto “John” Bertiz 3rd of ACTS OFW Party List described as “dubious” a firm to which the Department of Foreign Affairs’ (DFA) P8 billion e-passport project was sub-contracted. According to the lawmaker, Malacañang investigated the contract after it was found that the project was illegally sub-contracted to a questionable private entity. The DFA had awarded the 10-year… Read More »

Zwipe Gives Details on New Partnership With Iris Corporation

By | April 25, 2017

Zwipe is offering more details on its new partnership with Malaysia-based Iris Corporation Berhad. The companies’ collaboration was reported immediately in the wake of the Seamless Asia expo, where Zwipe demonstrated its new biometric payment card solution. Details at the time were scant, but it has now come to light that the partnership comes in the form of… Read More »

Altamaha Bank & Trust Leverages CPI Card Group’s [email protected]® Instant Issuance Program To Support Innovative Local Marketing Initiative

By | April 25, 2017

LITTLETON, Colo.–(BUSINESS WIRE)–CPI Card Group (Nasdaq:PMTS) (TSX:PMTS), a global leader in financial and EMV® chip card production and related services, announced that Vidalia, Ga.-based Altamaha Bank & Trust ($150 million in assets) has successfully implemented CPI Card Group’s [email protected]® to provide in-branch instant issuance of EMV-enabled debit and credit cards in all four of its local branches. Altamaha… Read More »

ITW Reports First-Quarter 2017 Results

By | April 24, 2017

Delivers record financial results and raises guidance for 2017 First-quarter highlights: GAAP EPS of $1.54, an increase of 19% Total revenue of $3.5 billion, an increase of 6.0%; organic growth of 3.5% Operating margin of 23.3%, an increase of 120 bps and an all-time record for the company Company now expects 2017 earnings to be in the range… Read More »

FIME becomes largest global network of EMVCo accredited laboratories

By | April 24, 2017

Six test centers now support terminal and mPOS manufacturers globally with EMVCo Level 1 testing. FIME today announces that, with the addition of four new accreditations, six of its laboratories around the world are approved by EMVCo to perform Level 1 tests according to EMV® Type Approval – Contactless Terminal Level 1 version 2.6b on contactless payment terminals… Read More »

Philippines – Solon welcomes Palace decision to conduct probe into P8B E-Passport project

By | April 24, 2017

An opposition lawmaker representing overseas Filipino workers in the House of Representatives welcomed the decision of Malacañang to conduct its own probe into the controversial P8-billion E-Passport project of the Department of Foreign Affairs. ACTS-OFW Partylist Rep. Aniceto “John” Bertiz III noted that investigation on the issue will now center on the alleged anomalous subcontracting of the project… Read More »

Uganda: How Mistakes On National IDs Multiply Country’s Data Problems

By | April 24, 2017

Richard Kapule Ounoi, a teacher, was one of the first Ugandans in 2015 to pick their national Identity Cards (IDs). However, his card had an error. His middle name, Kapule, had been rewritten as Kalule. The former ordinarily belongs to people from Tororo in the East, the latter for those from Central Uganda. Mr Ounoi alerted the ID… Read More »

Security Features Of Nigerian e-Passport World-class – IRIS

By | April 24, 2017

Managing Director of IRIS Smart Technologies Limited (ISTL), Olayinka Fisher, has said the Nigerian e-Passport is world-class insisting that 95 per cent of components that constitute its security features is not made in the country. He, however, pointed out that Nigeria was not the only country depending on foreign components for its e-Passport, just as he disclosed that… Read More »