Oberthur Technologies security and identification solutions and services based on smart card technologies, and Ingecom, a market leader in Radio-Frequency products, have collaborated to introduce the “AirSIM” high frequency chip and antenna in a SIM card. This identifies mobile users and communicates with a receiver remotely located. The NFC technology allows proximity transactions as “AirSIM” allows wide field communications at a distance ranging from few centimetres up to 15 meters.
IDT has established an international remittance clearinghouse (RCH) for mobile network operators. The RCH facilitates connectivity between traditional, cash-based, money transfer operators and mobile wallets utilizing IDT’s economical transaction settlement and foreign currency exchange services. These services will enable mobile network operators to expand their reach particularly into unbanked immigrant populations in developed countries. IDT will launch RCH services with Smart Communications and Globe Telecom in the Philippines. Smart and Globe serve about 69 million subscribers and nearly 10 million mobile wallets in aggregate. Utilizing IDT’s RCH, Smart Money account holders and Globe’s GCASH account holders will be able to receive proceeds from traditional cash based money transfer transactions and be able to use those funds to make payments or withdraw cash in minutes.
Nexon America publishing arm of Nexon has partnered with PlaySpan monetization solutions for online games, virtual worlds, and social networks, and video games. With this, Nexon will leverage PlaySpanâs Monetization-As-A-Service platform to expand purchasing capabilities to millions of gamers and provide comprehensive credit card processing and fraud risk management services to cover sales of âNX,â the publisherâs virtual currency. UltimatePay (the union of PayByCashâs twelve years of payment and fraud management experience with Spare Changeâs social network micro-payment expertise) provides over 90 global payment methods including mobile, cash based, and the top-selling Ultimate Game Card. UltimatePay enables players to quickly and easily make in-game purchases, allowing Nexon to maximize global reach and conversion.
NHN Corporation has partnered with online monetization solution provider PlaySpan to enable players of Karos Online, the top free-to-play 3D MMORPG in Korea to purchase and experience premium content. PlaySpan’s patent-pending in-game digital goods commerce and micropayment platform enables game publishers and developers to generate new revenues, acquire new users, and extend the loyalty of existing users. PlaySpan also provides global payment solutions through its UltimatePay product, which enables users to make safe, convenient, and friendly in-app purchases using over 85 global payment methods in 180 countries. UltimatePay includes PlaySpan’s ULTIMATE GAME CARD, which is a pre-paid card available in over 45,000 retail locations across North America and growing rapidly worldwide. UltimatePay provides over 85 global payment methods including mobile, cash based, and the top selling Ultimate Game Card. UltimatePay enables players to quickly and easily make in-game purchases.
Research and Markets has
announced the addition of the “Australia – Digital Economy – E-Payment”
report to their offering. Micro-payment utilising e-banking has been discussed for more than 25
years. PayPal has established itself as the most advanced e-payment system
outside the banks. Off-deck payment systems, using mobile phones,
constitute another fast-growing market, as do calling cards. But the
real breakthrough will only happen when the large financial institutions
decide to become more serious about e-payments. Research and Markets is a source for
international market research and market data, holding ‘000’s of major
research publications from most of the leading publishers, consultants
and analysts and provide the latest data on international and
regional markets, key industries, the top companies, new products and
the latest trends. They are a ‘One-Stop-Shop’ for market research reports and industry
newsletters from specialist research firms and niche market analysts.
NEOVIA Financial independent global online payments has deployed
services for the Massively Multiplayer Online Gaming (MMOG)
multi-billion dollar global market, having inked contracts with MindArk
MMOG. With these development, NEOVIA will be providing MMOG global
payment solutions for the exchange of virtual products and services. An
industry projected to increase to $9 billion by 2010, the MMOG market
subscriptions, virtual land, retail products and services now support
the NEOVIA Payment Suite consisting of fraud control, anti-money
laundering policies and e-wallet solutions. This payment suite
additionally manages payment-demanded capabilities with local deposit
options, local languages and local currencies in countries offering only
limited online credit card use. NEOVIA Financial is trusted by consumers
and merchants in over 160 countries to move and manage billions of
VendTek Systems has launched its eFresh SMS solution for the
electronic delivery of consumers’ PINs via SMS to mobile phones.
This solution was developed partly in response to statistics showing
the global popularity of mobile phones, with developed countries
accounting for 56% of all mobile users. The “eFresh SMS” integrated
solution operates on POS, ATM, PC, and Web based distribution
points allowing merchants to request a PIN by sending an SMS to
the server with instant results. VendTek provides automated
transaction system software and solutions.
Creditz will be providing its customers with a Radio Frequency
Identification (RFID) payment card application. The new RFID
application is set for introduction at the Electronic Transaction
(ETA) annual convention in April of this year to provides account holders
with a convenient payment solution at participating CREDITZ retailers.
The new solution is supported with IBM “Series I Technology” and is free
to account holders.
Blue Bamboo has rolled out its H50 terminals with GlobalPlatform’s
GPC/STIP Specification for the Beijing transit card. The specification
will be used as the software platform for the terminals in merchant
retail locations and, with the partnership between Blue Bamboo and
KPay, will integrate the technology to provide the transit card. With
this, nearly 2,000 new Blue Bamboo terminals will be introduce before
2008. Blue Bamboo electronic payment technology provides wireless,
retail payment solutions while GlobalPlatform represents companies
with interests in the smart card industry from around the world.
Analysis from Frost & Sullivan indicate growth in the
contactless smartcard market. The market earned revenues of $408.9
million in 2005, and estimates this to reach $1,636.2 million in 2011.
Experts credit this growth largely in part to the e-passport segment
and intensified interoperability efforts. Use of the application is also
implemented in contactless micro-payments, mass transit applications, &
mobile payments. However,this growth has raised questions regarding
electronic security. Experts therefore are advocating the promotion of
awareness that contactless smart cards are implemented in a highly
secure method and can be relied on for secure transactions in payment.
Frost & Sullivan’s consulting company has been partnering with clients to
support development and innovation for more than 40 years.
A new report suggests that government and micropayment applications are boosting contactless smart card market growth. The study by Frost & Sullivan also found that the market earned revenues of $408.9 million in 2005 and is projected to reach $1.6 billion in 2011. The e-passport segment made big strides as interoperability efforts intensified, impelled by a heightened sense of urgency for more secure and sophisticated travel documents. However, the increasing use of contactless smart cards in payment, transit and ID raises questions from privacy and human rights advocate groups owing to the lack of and understanding about the technology and the confusion between RFID tags and contactless smart card. Frost & Sullivan says vendors and government agencies should initiate greater efforts to promote awareness and demonstrate that contactless smart cards can be implemented in a highly secure method and can be relied on for secure transactions in payment, health and identification.
Singaporeans will soon get to use one card to make seamless electronic
payments (e-payment) for their everyday needs, made possible as a result
of a collaboration spearheaded by IDA
working closely with the Land Transport Authority (LTA) and the
industry known as “SS 518 CEPAS”, the other key organisations in this
collaboration are the Cards & Personal Identification Technical
Committee (CPTIC) under the Singapore IT Standards Committee (ITSC),
Network for Electronic Transfers Singapore (NETS), and EZ-Link. CEPAS
will allow interoperability of multi-purpose stored
value card payment schemes such as the “NETS CashCard” and the “ez-link”
card. The Infocomm Development Authority of Singapore (IDA) is
committed to growing Singapore into a dynamic global infocomm hub.