Category Archives: Card Industry News

India – ORR toll plazas to turn ‘smart’

By | July 30, 2017

Hyderabad: Taking a cue from the National Highways Authority of India (NHAI), the 30 (RFID) enabled toll collection system on the Outer Ring Road. The idea is to reduce the waiting time for motorists at the toll gates and ensure smooth passage. Under the existing toll collection system, motorists have to tender cash at toll gates and seek clearance… Read More »

UK – Lothian Buses introduce pilot ‘contactless payment’ scheme

By | July 28, 2017

If you are using Lothian’s Airlink 100 service between Edinburgh city centre and Edinburgh Airport from Sunday 30 July then you will be able to pay for your fare using contactless, as part of a pilot scheme. The technology is being fitted to Lothian’s brand new fleet of Airlink buses, and will be a first for the city,… Read More »

Com Bank introduces Sri Lanka’s first chip and PIN debit card

By | July 27, 2017

July 27, 2017 (LBO) – Sri Lanka’s Commercial Bank of Ceylon has introduced Mastercard debit cards with chip and PIN technology for the first time to the country. “These cards replace the existing Maestro debit cards with magnetic strips. The new Chip and PIN debit card will minimise the possibility of fraudulent transactions at Point-of-Sale (POS) due to… Read More »

10,000 Kuwaiti electronic passports being issued weekly

By | July 27, 2017

  Authorities in Kuwait are stepping up efforts to issue the new-look electronic passports to all citizens. Six specialized centres are issuing a total of 10,000 passports weekly – with a priority given to holder of passports which are nearing expiry. A security source told Alanba  newspaper that it takes an average 72 hours to issue an electronic… Read More »

Philippines – BDO JCB Platinum Credit Card Launch

By | July 27, 2017

Manila, Philippines and Tokyo, Japan, July 27, 2017 – (ACN Newswire) – JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., (referred to below as “JCB”) announced the launch of the first JCB Platinum Credit Card in the Philippines issued by BDO Unibank, Inc. (BDO), the largest bank in the country. The new high-end… Read More »

US Payments Forum Summer 2017 Market Snapshot: Chip-on-Chip Transactions Increasing, Improving Consumer Transaction Experiences, Educating Merchants on EMV Implementation Challenges

By | July 26, 2017

PRINCETON JUNCTION, N.J., July 26, 2017 (GLOBE NEWSWIRE) — The U.S. Payments Forum today released its summer 2017 market snapshot, providing updates on the continuing progress of the U.S. EMV migration, improvements in the consumer’s chip transaction experience at the point of sale (POS), and priorities for the second half of 2017 to focus on unique chip migration… Read More »

STMicroelectronics Reports 2017 Second Quarter and First Half Financial Results

By | July 26, 2017

Published: 07:00 CEST 26-07-2017 /GlobeNewswire /Source: STMicroelectronics / : STM /ISIN: NL0000226223   Second quarter net revenues of $1.92 billion; up 5.6% sequentially and 12.9% year-over-year Second quarter gross margin of 38.3%; up 70 basis points sequentially driving operating margin before impairment and restructuring(1) to 9.6% First half net revenues of $3.74 billion, net income of $258 million,… Read More »

Nepal – National ID card will be gender inclusive, says Minister Sharma

By | July 25, 2017

Home Minister Janardan Sharma has claimed that the new national identity card, which is going to be launched soon as a pilot project, will be gender inclusive. Responding to queries raised by some lawmakers about the rumoured features of the new ID that is supposed to replace the citizenship card, Sharma said the details will include the names… Read More »

NXP Announces Executive Management Transition

By | July 24, 2017

EINDHOVEN, Netherlands, July 24, 2017 (GLOBE NEWSWIRE) — NXP Semiconductors N.V. (NASDAQ:NXPI) announced today that, effective August 6, 2017, Chief Financial Officer Daniel Durn is leaving the company to become the Chief Financial Officer of Applied Materials, Inc.  “I would like to express my deep gratitude to Dan for playing an invaluable role in driving the significant financial improvement of NXP during his tenure. Furthermore, I’d like… Read More »

Philippines – Duterte orders increase of OFW aid to P1-B

By | July 24, 2017

PRESIDENT Rodrigo Duterte on Monday announced that he directed concerned government agencies to raise the assistance to overseas Filipino workers (OFWs) from P400 million to P1 billion. The President said he issued the directive because the government is primarily responsible for securing the rights and welfare of Filipinos working abroad. “We now talk about our overseas Filipinos. They… Read More »

COMPRION eUICC Profile Manager Now with Anritsu Network Simulator Support

By | July 24, 2017

Over-the-air updates of eUICC profiles now possible using a simulated network through Anritsu MD8475A COMPRION eUICC Profile Manager, the only software tool for efficient eUICC life cycle management, is enhanced by an additional connectivity option. The software allows over-the-air updates of eUICCs and their profiles by means of a simulated network. “Starting with the COMPRION eUICC Profile Manager… Read More »

Wirecard Introduces Payment Guarantee for Credit Card Payments

By | July 24, 2017

Wirecard, the leading supplier of digital payment solutions, will as of now become one of the first companies in the industry to offer a payment guarantee for credit card payments. The solution is primarily directed at small and medium-sized online merchants for whom payment defaults on the part of their customers are often a significant economic challenge. Wirecard… Read More »

Ithmaar Bank Earns Prestigious Payment Security Certification

By | July 24, 2017

MANAMA, BAHRAIN – 23 July 2017 – Ithmaar Bank, a Bahrain-based Islamic retail bank, earned a prestigious, internationally-celebrated payment security certification that puts the Bank on par with some of the best in the world. The Payment Card Industry Data Security Standard (PCI-DSS) certification was awarded to Ithmaar Bank by SISA Information Security WLL, the Middle East’s leading… Read More »

NTT Com Starts Japan’s 1st eSIM Proof of Concept for MVNOs

By | July 24, 2017

TOKYO, JAPAN — NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT (TYO: 9432) Group, announced today that it has started conducting an embedded SIMs (eSIMs) PoC to confirm the connection and Remote SIM Provisioning on the mobile virtual network operators (MVNOs) in July 2017. NTT Com has built an environment for… Read More »

Handy way to pay: US firm plans to fit employees with microchip implants

By | July 24, 2017

A US vending business is entering a new era of ‘convenience’ by implanting microchips in employees that will allow them access to basic workplace amenities. At least 50 staff at Wisconsin firm Three Square Market have volunteered to have a microchip, similar to one in a contactless credit card, inserted into their hand, according to the company. Three Square… Read More »

IBIA Welcomes Bob Eckel to its Board of Directors

By | July 24, 2017

WASHINGTON, DC / ACCESSWIRE / July 24, 2017 / The International Biometrics + Identity Association (IBIA) is pleased to announce today that Bob Eckel, President, North America, OT-Morpho, will join its Board of Directors. As President, North America, OT-Morpho, Mr. Eckel leads the Biometric, Secure Credentialing and Enrollment Services business for OT Morpho, a world leader in digital… Read More »

UCPB shifts to EMV chip-based cards; to deactivate old, magnetic-striped cards by August 1

By | July 22, 2017

DAVAO CITY, Philippines—Out with old, in with the new. The United Coconut Planters Bank, one of the largest banks in the Philippines, announced that it will be using the Europay, Mastercard, VISA debit card which is the global standard for payment card security. As the bank shifts to an EMV chip-based cards, it further announced that it would… Read More »

Philippines – OFW ID project comes under serious criticism

By | July 22, 2017

THE proposed OFW ID card of the Department of Labor and Employment has come under fire from another policy advocate, the Lilac Center for Public Interest. Lilac said the OFW ID card was a ‘half-baked’ project that needed to be returned to the drawing board for further serious technical and social study. “All the signs point to the… Read More »

Gemalto preliminary first semester results and 2017 outlook revision

By | July 21, 2017

Amsterdam, July 21, 2017 at 8:30pm – Based on its preliminary first semester results, Gemalto (Euronext NL0000400653 – GTO) revenue for second quarter is €742 million, lower by 9% at constant exchange rates compared to the same period of 2016. For the first semester, the Company profit from operations is in line with expectations at approximately €93 million. Looking… Read More »

Bank of China to release Sheng Siong credit cards

By | July 21, 2017

These contactless cards offer 12% cash rebates. As part of efforts to drive Singapore’s cashless agenda, the Bank of China Singapore Branch (BOCSG) and local supermarket chain Sheng Siong launched a new contactless credit card that offers up to 12% cash rebate across all stores. According to a joint release, the cash rebate is the highest amongst grocery… Read More »