Secure Transactions News
Some news from the Secure Transactions Industry are here. A lot more are in Smart Insights Weekly.
Citibank announced the launch of Citi Pay, a new digital wallet that will provide Citi customers with a simple and fast option for online, in-app and in-store payment needs.
Linxens, a leader in the design and manufacture of micro-connectors for smart cards, announced the acquisition of Smartrac's SIT (Secure ID & Transaction) division, a leader in the development and manufacture of RFID inlays and antennas. The deal is expected to complete by the end of the year.
Gemalto has become one of the first suppliers to undergo the GSMA Security Accreditation Scheme (SAS) certification for Subscription Management (GSMA SAS-SM), thereby providing MNOs with exacting standards of protection for sensitive data in M2M and IoT applications.
As rumored (cf. Smart Insights Weekly #16-41) mobile chip giant Qualcomm has decided to accelerate its diversification by dropping US$ 47 billion (EUR 43 billion) on Dutch chipmaker NXP Semiconductors.
Smart Insights is proud to announce its experts have been appointed to deliver several presentations during Cashless World, a conference taking place next week on November 7-9, 2016, in Brussels, Belgium.
SecureKey Technologies, a provider of identity and authentication solutions, announced that it has raised CAD 27 million (EUR 18.6 million) in growth capital to fund the commercial rollout of a privacy-enhancing digital identity network.
Intelling is publishing a new Smart Insights White paper “Understanding the PSD2 regulation,” in which discusses the main changes introduced by the new Payment Services Directive (PSD2) regulation, including opportunities and benefits for key stakeholders.
Vodafone and PayPal have joined forces to enable UK customers to make contactless payments in shops, restaurants and on transport services with their Android smartphones, funded from their PayPal accounts, according to a press release about the announcement.
China UnionPay announced its chip card technology licensing cooperation with seven members of the Asian Payment Network (APN). Major switch networks in Singapore, Thailand, South Korea, Malaysia, Indonesia and the Philippines will adopt UnionPay chip card standard in card acceptance and issuance.
According to a survey conducted by The Strawhecker Group (TSG), 44% of US card-accepting merchants have EMV terminals. TSG also found that only 29% of US merchants are actually able to accept chip-based transactions. Not all merchants have activated EMV POS systems despite having them in place.