HyTrust
CardWeb.com’s CardData database of Company Profiles today features HyTrust.
Tyfone to Showcase mBanking Security Technology at Money2020
Tyfone will showcase The Connected Smart Card (CSC) technology at Money2020, combining both hardware and software for unparalleled security in mobile banking. Tyfone’s CSC delivers the proven solutions that are recognized by leading experts in the field of security. Tyfone will also feature partnership news at Money2020, involving top 10 credit unions adapting Tyfone CSC technology for layering mobile banking security, as well as exhibiting the latest P2P technology.
Tyfone Solution Focused on Cyber Security
Tyfone unveiled its Connected Smart Card (CSC™) solution, allowing users to augment passwords and other user ID information used to access sensitive information. Tyfone’s CSC solution uniquely combines centralized data with local, device validation to strengthen and simplify the centralized storing of passwords, credit card numbers and other digital ID credentials, optimally ensuring security to keep passwords, payment and biometric ID information out of the hands of cybercriminals. Tyfone’s CSC solution operates much like the traditional plastic smart card systems already in widespread use, but has a much smaller physical footprint and uniquely has the ability to connect to any mobile device, tablet or PC. Tyfone’s CSC hardware works with all existing software, smart card applets, password schemes and digital certificates, making it the first truly interoperable solution that secures the device, the identity and the transaction, controlling access to ID information in a unique combination of distributed and local (on device) layers.
Tyfone and In-Q-Tel Ink Strategic Agreement on NFC & mSecurity
Tyfone NFC solutions, announced a strategic investment and technology development agreement with In-Q-Tel (IQT) independent, nonprofit which identifies innovative technology solutions to support the U.S. government. The seamless addition of a smartcard to any existing mobile device using Tyfone’s technology brings distributed, strong authentication and secures access to any services in the cloud, on any network. The strategic relationship with IQT is further validation that the Tyfone solution is poised to address a recognized commercial and market need.
INSIDE & NFC
INSIDE Contactless has moved from Principal to Sponsor Member and joined the NFC Board of Directors.
INSIDE joins fellow Sponsor
members HP, MasterCard Worldwide, Microsoft Corp., NEC, Nokia, NTT
DOCOMO, Inc., NXP Semiconductors, Panasonic, Renesas Technology,
Samsung, Sony Corporation, and Visa Inc.
Since its founding in 2004, the NFC Forum has drawn market-leading
organizations from around the world to its membership roster as momentum
builds for the adoption and implementation of Near Field Communication
technology. Sponsor membership is the highest level of membership in the
NFC Forum, with each Sponsor member occupying a seat on the
organization’s Board of Directors and gaining the right to designate
individuals to run for offices. INSIDE Contactless is provider of in open-standard contactless
payment and NFC semiconductors and software.
GEMPLUS ADJUSTMENTS
After a weekend meeting in London, Gemplus is reportedly near the
execution of a plan to cut more than 1,000 jobs after posting a third
quarter net loss of nearly $40 million. The company is also looking to
patch up discord among its board members and management staff. Major
shareholder, Texas Pacific Group, is pushing for new board members against
the blessing of other shareholders including Dassault family and Gemplus
founder Marc Lassus. Lassus recently agreed to sell his shares in Gemplus
to Groupe SAGEM. With this purchase, Sagem will own about 10% of the
capital of Gemplus. The weekend also meeting also challenged the new
leadersip of CEO Alex Mandl. Gemplus hired Mandl on September 9th. Mandl
was the former Chairman/CEO of Teligent between 1996 and 2001, following a
four stint at AT&T, where worked his way up to President/COO. There was
some controversy between Gemplus board members over the selection of Mandl.
The debate centered on Mandl’s previous ties with the Central Intelligence
Agency. Mandl belonged to the board of trustees of In-Q-Tel, a nonprofit
organization set up by the CIA in late 1999. In-Q-Tel’s purpose was to keep
track of Internet technology on behalf of the CIA. Some board members were
concerned that Mandl’s CIA ties could affect its ability to sell its
product and services to some countries. Dow Jones reports that Mandl may be
considering a salary reduction to appease shareholders.
Gemplus & In-Q-Tel
Facing concern among board members, the new Gemplus CEO announced he has severed ties with a venture capital technology firm created by the U.S. Central Intelligence Agency. Alex Mandl said he has resigned from the board of CIA-funded In-Q-Tel. Gemplus International named Mandl as its new CEO, effective September 9th. Mandl was the former Chairman/CEO of Teligent between 1996 and 2001. He was also the former President/COO of AT&T. There was some controversy between Gemplus board members over the selection of Mandl, specifically his connections with the CIA. Some board members were concerned that Mandl’s CIA ties could affect its ability to sell its product and services to some countries. In December, Gemplus CEO Antonio Perez decided to resign his posts as Chief Executive Officer and director to pursue other interests. Marc Lassus, founder and one of the largest shareholders of Gemplus, also agreed in December to cease his office as chairman. Earlier this month, Gemplus announced that its interim CEO, Ron Mackintosh, has decided to step down as of August 15th. (CF Library 8/30/02)
GEMPLUS & IN-Q-TEL
Facing concern among board members, the new Gemplus CEO announced he has severed ties with a venture capital technology firm created by the U.S. Central Intelligence Agency. Alex Mandl said he has resigned from the board of CIA-funded In-Q-Tel. Gemplus International named Mandl as its new CEO, effective September 9th. Mandl was the former Chairman/CEO of Teligent between 1996 and 2001. He was also the former President/COO of AT&T. There was some controversy between Gemplus board members over the selection of Mandl, specifically his connections with the CIA. Some board members were concerned that Mandl’s CIA ties could affect its ability to sell its product and services to some countries. In December, Gemplus CEO Antonio Perez decided to resign his posts as Chief Executive Officer and director to pursue other interests. Marc Lassus, founder and one of the largest shareholders of Gemplus, also agreed in December to cease his office as chairman. Earlier this month, Gemplus announced that its interim CEO, Ron Mackintosh, has decided to step down as of August 15th.
GEMPLUS CEO
Gemplus International has hired Alex Mandl as Chief Executive Officer. Mandl was the former Chairman/CEO of Teligent between 1996 and 2001, following a four stint at AT&T, where worked his way up to President/COO. Gemplus said Mandl will take over as its top executive on September 9th. Reportedly there was some controversy between Gemplus board members over the selection of Mandl. The debate centered on Mandl’s previous ties with the Central Intelligence Agency. According to the Dow Jones news service, Mandl belonged to the board of trustees of In-Q-Tel, a nonprofit organization set up by the CIA in late 1999. In-Q-Tel’s purpose was to keep track of Internet technology on behalf of the CIA. Some board members were concerned that Mandl’s CIA ties could affect its ability to sell its product and services to some countries. Mandl currently serves as a director on a number of corporate and not-for-profit boards, including those of Dell Computers and Pfizer. In December, CEO Antonio Perez decided to resign his posts as Chief Executive Officer and director to pursue other interests. Marc Lassus, founder and one of the largest shareholders of Gemplus, also agreed in December to cease his office as chairman. Earlier this month, Gemplus announced that its interim CEO, Ron Mackintosh, has decided to step down as of August 15th.
Gemplus CEO
Gemplus International has hired Alex Mandl as Chief Executive Officer. Mandl was the former Chairman/CEO of Teligent between 1996 and 2001, following a four stint at AT&T, where worked his way up to President/COO. Gemplus said Mandl will take over as its top executive on September 9th. Reportedly there was some controversy between Gemplus board members over the selection of Mandl. The debate centered on Mandl’s previous ties with the Central Intelligence Agency. Mandl belonged to the board of trustees of In-Q-Tel, a nonprofit organization set up by the CIA in late 1999. In-Q-Tel’s purpose was to keep track of Internet technology on behalf of the CIA. Some board members were concerned that Mandl’s CIA ties could affect its ability to sell its product and services to some countries. Mandl currently serves as a director on a number of corporate and not-for-profit boards, including those of Dell Computers and Pfizer. In December, according the The RAM Report ([www.ramreport.com][1]), CEO Antonio Perez decided to resign his posts as Chief Executive Officer and director to pursue other interests. Marc Lassus, founder and one of the largest shareholders of Gemplus, also agreed in December to cease his office as chairman. Earlier this month, Gemplus announced that its interim CEO, Ron Mackintosh, has decided to step down as of August 15th.
[1]: http://www.ramreport.com