Secure Transactions News
Some news from the Secure Transactions Industry are here. A lot more are in Smart Insights Weekly.
Apple Pay launched in Russia on October 4th, 2016, according to Vedomosti.
Earlier, on September 29th, 2016, Samsung Pay has also launched in Russia.
Intelling published a new Smart Insights Report “Invisible payments key to omni-channel commerce” that conducts a detailed analysis of this emerging market segment – invisible payments.
Safran is selling its biometrics and secure transactions business (cf. Smart Insights Weekly #16-27) and is expected to close the deal by the end of the month, according to a new Reuters report.
Transport for London (TfL) has announced its contactless ticketing system is set to be used by other major cities across the globe as part of a deal worth up to GBP 15 million (EUR 17.5 million). TfL signed a deal with Cubic Transportation Systems (CTS), a business unit of Cubic Corporation, allowing them to adapt the capital’s contactless ticketing system worldwide. It is the first of a number of planned agreements to sell TfL’s expertise both at home and abroad.
Japanese technology company SoftBank Group Corp. is buying Britain's ARM Holdings for EUR 28.8 billion. The bid represents a 43% premium to the ARM share price at close of trading on Friday last week and the ARM board has recommended shareholders accept it.
The recommended cash deal underlines the desire of SoftBank, which also owns struggling US telecommunications company Sprint, to expand in the "Internet of Things".
According to The Observatory for Payment Card Security’s “2015 Annual Report,” fraud losses on transactions conducted in France fell for the second year running, declining from EUR 235 million (representing a fraud rate of 0.043%) in 2014 to EUR 225 million (0.040%). And for the first time since the Observatory was established in 2001, fraud decreased in France across all three major transaction categories, namely point-of-sale (POS) payments, withdrawals and card-not-present (CNP) payments.
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.