Secure Transactions News
Some news from the Secure Transactions Industry are here. A lot more are in Smart Insights Weekly.
The US Department of Customs and Border Protection (CBP) anticipates numerous changes, as it is using advanced technology, such as biometrics, to confirm identity, further facilitate and secure travel, and meet the demands of increased travel to the United States.
In 2016, global security technology group Giesecke & Devrient (G&D) posted the highest revenue in the company’s history. At around EUR 2.1 billion, the figure was almost 4% above the prior year. The technology group’s adjusted earnings before interest and taxes (EBIT) increased by around 23% to EUR 125 million, while the EBIT margin grew by 0.9% to 6%.
Actility, a Low Power Wide Area (LPWA) network specialist, raised US$ 75 million (EUR 70 million) in new capital, as it looks to enhance its portfolio of industrial IoT solutions across different verticals, accelerate in the US and boost its position in China. Being a co-founder of the LoRA alliance and developing its global IoT solutions on the LoRaWAN standard, the company raised the capital as part of its Series D funding round that attracted a group of new investors such as Creadev, Bosch and Inmarsat.
The SIMalliance membership, which represents approximately 90% of the global SIM market, has reported a 5% year-on-year growth in its 2016 shipment volumes, with a total 4.9 billion units shipped during that period. Being the highest annual volume of shipment units reported yet by the organization, the SIMalliance members estimate that the total available global market for SIM cards also grew in 2016 by 2.8% to 5.45 billion units.
The group of Australian banks seeking stronger negotiating powers with Apple over the NFC technology within its iPhone handsets (cf. SIW #16-38, #16-39, #16-44, #16-47, #16-49, #17-08) have been denied access to it by the Australian Competition and Consumer Commission (ACCC) on the grounds that the proposed conduct would “reduce or distort competition in a number of markets” and that the benefits are “outweighed by the detriments”.
Thales and the Imprimerie Nationale Group have signed a definitive agreement with respect to the sale of Thales's identity management business. The sale had been the object of rumors as early as last year when La Tribune, a French daily announced that Thales had entered into exclusive negotiations with Imprimerie Nationale for the sale of its secure identity business (cf. Smart Insights Weekly #16-45).
Software AG, an enterprise software company based in Germany has acquired Cumulocity, also based in Germany. Cumulocity provides a comprehensive IoT cloud platform for integrating networked devices that Software AG can integrate into the IT world using the acquired IoT devices and operational technology, in an effort to strengthen its leading position in the IoT market.
In 2011, Android introduced its facial recognition system as part of the Ice Cream Sandwich OS. While in its infancy, the authentication system was not perfect as a mere photo of a person can authorize the system. Fast-forward 6 years and the galaxy S8 will release the first ever smartphone to use facial recognition technology, an iris and fingerprint scanner, as well as Samsung pay to make authenticated payments.
Amazon’s Alexa artificial-intelligence software could generate US$ 10 billion (EUR 9.3 billion) worth of business a year for the company, stemming from device sales and voice orders from Amazon’s site, says RBC Capital Markets.
JPMorgan Chase has agreed to acquire MCX’s payments technology to help expand Chase Pay, the mobile and digital wallet for Chase customers. MCX, a network of America’s largest merchants, was the premier launch partner for Chase Pay in October 2015 (cf. Smart Insights Weekly #15-45). The transaction is expected to close in the coming weeks.