Secure Transactions News
Some news from the Secure Transactions Industry are here. A lot more are in Smart Insights Weekly.
Leading European telecoms operators and infrastructure vendors have endorsed a “5G Manifesto,” which is positioned as a roadmap for the development and deployment of 5G across the continent. The manifesto calls for coordinated action on standardization, spectrum allocation, network deployment, and ecosystem development spanning multiple industry verticals. The manifesto also warns that planned net neutrality rules issued by BEREC, the body comprised of the national regulators of the European Union's 28 member states, could stymie the rollout of 5G networks.
French aerospace group Safran, which is selling its Morpho (Safran Identity & Security) biometrics and security business (cf. Smart Insights Weekly #16-21 and 16-25), has narrowed the field to a shortlist of five bidders: Gemalto and Oberthur, which is backed by private equity firm Advent, are, unsurprisingly, selected, along with three other funds had been selected by Safran's board: KKR, Bain Capital and CVC Capital Partners, according to the daily La Tribune.
Gemalto has been selected to provide its LinqUs On-Demand Connectivity (ODC) subscription management solution and embedded SIMs (eSIMs) for KDDI, an operator in Japan with over 40 million subscribers, to enable secure connectivity for connected cars and IoT applications worldwide.
As a result, KDDI can now provision any requested operator's profile on connected cars equipped with pre-embedded eSIM, allowing automakers and solution providers to offer seamless remote subscription over the air throughout the lifecycle of the car. Motorists can access optimized real-time information about traffic and nearby amenities, navigation, vehicle diagnostics, and emergency services, anytime, anywhere.
EMVCo has reported sustained growth in the worldwide adoption of EMV chip technology. Official figures of aggregated data show that by the end of 2015, the number of EMV payment cards in global circulation increased, year on year, by 1.4 billion to 4.8 billion.
In addition, EMVCo reports that 35.8% of all card-present transactions conducted globally between January and December 2015 used EMV chip technology, up from 32% for the same period in 2014.
The EMV migration in the US has been slow, but many retailers that have wanted to implement chip acceptance faster couldn’t do so because of long lines to install and certify the software and equipment. Consequently, many delayed implementing EMV until the last minute, or began making plans to adopt it only after being hit with chargebacks (fees for fraudulent credit-card charges).
Since Safran Group officially announced its intention to sell Morpho (now renamed Safran Identity and Security) activities; numerous analysts go for prognostics about the potential outcome (cf. Smart Insights Weekly #16-21). Philippe Petitcolin, Safran CEO, declared that Safran plans to establish a short list of potential buyers in June and to run a second round of negotiations in September 2016.
The issuance and use of Personal Identity Verification (PIV) credentials for access to secure government systems and buildings are on a hot streak, while efforts to include the use of mobile credentials are gaining strength, US government leaders reported. Civilian worker PIV usage rose from 42% to 72% as a result of the push to increase usage of smart cards and is now more than 80%. Also, hacks and breaches relating to weak authentication have decreased by 16% in the last two quarters of 2015.
Visa Inc. announced that the European Commission (EC) has approved its proposed acquisition of Visa Europe. Visa has now received all regulatory approvals required for the acquisition. The transaction has already been cleared by both the Jersey and the Turkish competition authorities. The transaction is expected to close in Visa Inc.’s fiscal third quarter of 2016, which ends in June 2016. Visa will announce the closing once it has occurred.
IDC: smartphone shipments to grow 3.1% in 2016
IDC has downgraded its 2016 full-year global smartphone shipment forecast. IDC predicted worldwide smartphone shipments will grow at a sluggish 3.1% clip in 2016, revising a previous forecast that had pegged the market to grow at 5.7% this year.
Shipments are expected to hit 1.48 billion in 2016 and grow to 1.84 billion in 2020, IDC said. Smartphone shipments enjoyed 10.5% growth in 2015 and 27.8% in 2014.
FIME, an expert in certification consultancy and testing for secure electronic transactions, has been acquired from Orange by independent investment firm Chequers Capital.
This new ownership layout will allow FIME to reinforce its expansion strategy to offer new services in emerging markets and increase its geographical presence globally.