Meezan Bank, MasterCard Launch Pakistan’s First Contact Less Payment Solution

By | March 28, 2017

KARACHI: Meezan Bank, the first and largest Islamic bank of Pakistan, in partnership with MasterCard, a leading company in the global payments industry, has announced to launch Pakistan’s first contactless card solution. Card solution is an innovative product that has been developed to further strengthen the country’s digital payment eco-system, says release here on Monday. Meezan Bank’s new… Read More »

Document Security Systems, Inc. Reports Fourth Quarter and Year-End 2016 Financial Results

By | March 28, 2017

ROCHESTER, NY–(Marketwired – Mar 28, 2017) – Document Security Systems, Inc. (NYSE MKT: DSS) Year-Over-Year Revenue up 10% to $19.2 million 2016 Adjusted EBITDA total $1.1 million vs. 2015 Adjusted EBITDA Loss of ($1.3 million) Net Loss Per Share Reduced 94% from ($1.20) in 2015 to ($0.07) in 2016 2016 Year-End Cash Balance of $5.9 million vs. $1.4… Read More »

Finnish National eID and ePassport Win Award for Best Regional ID Document

By | March 27, 2017

A new national eID and ePassport in Finland has been celebrated as the industry’s best ID document in annual awards that recognise best practice and design. Reconnaissance, the organisers of High Security Printing EMEA, revealed the 2017 winner of the Regional ID Document of the Year at a special ceremony during the conference in Baku, Azerbaijan, on 28 March 2017. The… Read More »

CNP Fraud Around The World

By | March 27, 2017

Publication Date: March 2017 Download the white paper With card-not-present (CNP) fraud rates rising, many countries have deployed various fraud prevention tools to help curb fraud in the online and mobile channels. This U.S. Payments Forum CNP Fraud Working Committee white paper reviews experiences from countries around the world to assist the U.S. payments industry in mitigating CNP… Read More »

Indonesia – E-KTP: One Identification Card, Big-Time Corruption

By | March 27, 2017

Back in October, Fikrul Hanif, a history professor at a teacher’s college in Padang, West Sumatra, trudged to his local district office to renew his resident ID. He was expecting to get the revamped electronic version – one that promised to be harder to duplicate, easier to update and with fewer run-ins with crooked government workers. Instead he… Read More »

Philippines – Congressional Inquiry Urged Over ‘Overpriced’ e-Passports

By | March 27, 2017

An umbrella organization of labor unions is urging Congress to look into the government’s alleged overpriced new digital passport or e-passport. In a statement, Philippine Association of Free Labor Unions president Terry Tuazon said the government should lower the cost of the e-passport and make it more affordable, particularly for overseas Filipino workers. Tuazon said the e-passports being… Read More »

Gemalto’s SafeNet KeySecure wins 2017 Cybersecurity Excellence Award

By | March 27, 2017

Gemalto has emerged triumphant from the 2017 Cybersecurity Excellence Awards after achieving ‘Best Encryption Product’ with SafeNet KeySecure. The SafeNet KeySecure solution provides an organisation’s security specialists the opportunity to store encryption keys easily and securely. “The vote of excellence from our peers in the information security community recognises our commitment to providing customers with easy-to-use, business-driven security… Read More »

NXT-ID and Fit Pay, Inc. Announce Letter of Intent to Combine Their Businesses

By | March 27, 2017

MELBOURNE, Florida, March 27, 2017 /PRNewswire/ – Potential Transaction Would add a Comprehensive Payment and Authentication Platform to NXT-ID’s Existing Products and Capabilities NXT-ID, Inc. (NASDAQ: NXTD) (“NXT-ID” or the “Company”), a security technology company, and Fit Pay, Inc., a privately held provider of payment, credential management, and authentication platform services, today announced that the companies have entered into… Read More »

Valid Produces Prepaid Payment Bracelet

By | March 27, 2017

Mar 27, 2017— Valid, a global provider of customized secure solutions, has produced BPPTag payment wristbands, recently launched by Brasil Pré-Pagos (BPP) and Visa. The device works with Near Field Communication (NFC) RFID technology. The communication technology allows the secure exchange of proximity-encrypted data with a debit machine. In Brazil, there are approximately 2.8 million such machines that… Read More »

Philippines – Nothing Irregular in ePassport – DFA

By | March 27, 2017

The Department of Foreign Affairs (DFA) on Monday said there is “nothing irregular” in the bidding of the electronic passport, or ePassport, saying everything is “aboveboard.” DFA spokesman Charles Jose, however, declined to provide The Manila Times a copy of the ePassport contract with APO Production Unit Inc. or APO, saying “there’s confidentiality clause in the contract that… Read More »

Nigeria – Firm Covers Up Director’s Arrest To Get e-Passport Contract

By | March 26, 2017

Investigation has revealed a cover-up by Iris Smart Technologies Limited (ISTL) of the arrest of the deputy managing director of its mother company in Malaysia, Iris Corporation Berhad, Datuk Hamdan Mohammed Hassan, for alleged fraud, in order to get renewal of its contract for Nigeria’s e-Passport solution. The cover-up is premised on the fear that as the Public… Read More »

Dubai – Philippine Embassy Not To Release Passports Today

By | March 26, 2017

DUBAI: There will be no release of passports at the Philippine Embassy in Abu Dhabi (AUHPE) on March 26, Sunday. However, those with appointments for processing and encoding are expected to be there on time. The diplomatic mission released on Friday a public advisory about the suspension of the release of passports scheduled on Mar.26 because of the… Read More »

Nigeria – Controversy Trails Immigration e-Passport Contracts

By | March 26, 2017

There’s a raging controversy over the e-passport contracts signed by the Nigeria Immigration Service (NIS) with non-security firms which is ripping Nigeria billions of naira. The deal is generating heat over stakeholders concern that Nigeria’s national security is being jeopardised because the contractors are mostly non-security companies, while others have questionable tendencies. The Senate last week invited the… Read More »

Ex-Hotelier Staunton Backs Health Tech Firm With €500k investment

By | March 26, 2017

A businessman who received €12m from the sale of his boutique Dublin townhouse hotel Stauntons on the Green last year, has stumped up about €500,000 to fund the development of an innovative new health smart card that aims to revolutionise patient care. Jim Staunton’s start-up firm Medipro Life has developed a smart card that works with a phone… Read More »

Nigeria – Senate Summons AGF, Minister, Others Over e-Passport Deals

By | March 25, 2017

The Senate Ad Hoc Committee on Alleged Misuse, Under Remittance, and other Fraudulent Activities in Collection, Remittance and Expenditure of Internally Generated Revenue by MDAs invited the duo for briefing over their involvement in alleged e-passport deals. The Chairman of the committee, Sen. Solomon Adeola, made this known in a statement through his Media Adviser, Chief Kayode Odunaro.… Read More »

Nigeria – Senate Queries Dambazau, Malami, Others Over Alleged Abuse of IGR

By | March 25, 2017

Interior Minister, AbdulRahaman Dambazau, Attorney General of the Federation and Minister of Justice, Abubakar Malami have been invited by the Senate to explain their alleged roles in the alleged misuse of revenues generated from E-Passport production and other immigration related activities. The Senate had set up a committee to investigate the alleged Misuse, Under Remittance, and Other Fraudulent… Read More »

Christian Lefort Joins Evolis as GM of International Operations

By | March 25, 2017

Mr. Christian Lefort has been appointed as new GM of International Operations of Evolis. 54 year old Christian Lefort, of French-German birth, holds a graduate degree from the Institut Supérieur de Gestion and has acquired 27 years of experience with the Armor SA group in Nantes and with the American group Dover Corporate in the sales & marketing… Read More »

Nigeria – Maritime Security: Minister Says Biometric ID Now Compulsory for Port Users

By | March 24, 2017

Determined to enhance the level of security in the nation’s seaports, especially in line with international best practices, Rotimi Amaechi, minister of transportation, has approved a unified biometric identity card for operatives and workers to access any port facility in Nigeria.   A statement signed by Isichei Osamgbi, head, Corporate Communications of NIMASA, said “it is now compulsory… Read More »

SEC Filings CPI CARD GROUP INC. Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

By | March 24, 2017

Item 5.02 Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e)On March22, 2017, the Compensation Committee (the Committee) of the Board of Directors (the Board) of CPI Card Group Inc. (the Company) approved an award of cash performance units (CPUs) for Lisa Jacoba, the Companys Chief Human Resources Officer, and the related form of award… Read More »

Secure Technology Alliance White Paper Describes The Role Of Smart Card Technology

By | March 24, 2017

Implementations of blockchain-derivative apps are without a doubt gaining traction and growing at an alarming rate. With over 1 billion invested in implementation since 2009, and 60 percent of that funding occurring since the beginning of 2015. Its true that blockchain has the ability to create a faster, secure platform for various types of transactions, all implementations universally… Read More »