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Secure Transactions News

Some news from the Secure Transactions Industry are here. A lot more are in Smart Insights Weekly.

SoftBank closes a US$ 93 billion investment fund

Thursday 1 June 2017

Softbank has announced its first major close with US$ 93 billion (EUR 83 billion) of committed capital, and the promise to hit US$ 100 billion (EUR 89 billion) in six months, being noted as the largest private equity fund ever raised, let alone one which is solely focused on the telco and tech space. 

China opens market access to US credit card networks

Thursday 25 May 2017

The Chinese government has opened market access to credit card firms such as Visa and Mastercard and others. While this may be a be a victory for the entering companies, investors have seen this play out before only to find many restrictions for the US card networks present in the country, according to Dow Jones Newswire.

Security challenges await European banks under PSD2

Thursday 25 May 2017

According to David Jones, a writer of the paypers.com, once PSD2 (revised payment directive) is implemented into national law by member states by January 13th 2018, European banks will be required to open up and provide third party providers (TPPs) access to customer accounts. What this means for online security is that under PSD2, consumers will be able to visit third-party sites and allow them to view and act on their bank accounts. 

IHS Markit: Apple, Samsung, Huawei likely to introduce eSIM in 2019

Thursday 18 May 2017

As there’s been a lot of hype around the embedded SIM (eSIM), IHS Markit, an information and analytics expertise, doesn’t see the incorporation of eSIMs into cellular handsets coming anytime soon from Tier 1 suppliers like Apple, Samsung and Huawei until 2019. Rather, eSIM incorporation is likely to happen first with Tier 2 and 3 handset suppliers as part of small-scale introductions to test the market.

Gemalto Secure Element in Galaxy S8

Thursday 18 May 2017

Gemalto's embedded Secure Element (eSE) - a smart chip with a secure OS and applications - will soon be integrated into the recently launched Samsung Galaxy S8 in selected markets, says Finextra. It has been embedded in other Samsung smartphones including the Galaxy A series globally and the Galaxy C series in China. This solution supports Samsung Pay including transit and ticketing in selected markets.

Gemalto’s Secure Element will be embedded in the Samsung S8

Thursday 11 May 2017

Gemalto's embedded Secure Element (eSE), a smart chip with a secure OS and applications, will soon be integrated into the recently launched Samsung Galaxy S8 in selected markets. It has been embedded in other Samsung smartphones including the Galaxy A series globally and the Galaxy C series in China.

Australian card fraud scheme used Host Card Emulation

Thursday 11 May 2017

New South Wales (NSW) police have charged three men with compromising 45 bank accounts through the card emulation function used for mobile payments to make AUD 1.5 million (EUR 1 million) in fraudulent purchases across Sydney, according to PaymentsSource.

Gemalto announces Q1/2017 results: revenue at EUR 651 million

Thursday 4 May 2017

Gemalto announced its Q1/2017 results

Singapore’s M1 to be acquired by China Mobile or global equity firms

Thursday 4 May 2017

Singapore’s M1 is to be acquired by China Mobile or global equity firms, whereby according to Reuters, the competing firms are among the companies being considered by Singapore-based operator M1’s top shareholders as potential buyers of their stake. Combined, the 61% stake is worth SGD 1.14 billion (EUR 746 million) based on M1’s market value of more than SGD1.91 billion (EUR 1.25 billion). 

European Commission clears Morpho acquisition

Thursday 27 April 2017

The European Commission has cleared the proposed acquisition of France-based Morpho by Advent International of the US (cf. Smart Insights Weekly #16-40). The approval is conditional on the divestiture of Morpho’s payment smart card business in France.