Datacard has been positioned by ABI Research as one of the top leaders in their 2014 competitive assessment for Government and Healthcare ID: Smart Card and Legacy Credentials .This vendor matrix represents ABI Research’s ranking of the leading smart card and legacy credential vendors active within the government, healthcare and citizen ID ecosystem. The vendors were assessed on implementation and innovation – including global reach, breadth of services offered, multi-application capabilities and support of market convergence, level of security, e-government services, among others.Datacard Group was ranked as a leader due to the high assessment rating it received for its extensive distribution channels and global reach, its market share of e-government ID implementations around the world, and continued commitment to offer innovative technologies to the government sector. To-date, Datacard Group is implemented in 18 of the 20 largest e-government programs and has over 400 government projects around the world. Additionally, roughly 165,000 passports, 10 million credentials, and 5 million smart cards are issued daily using the company’s solutions.
ABI Research forecasts that the total value spend of NFC mobile payments will rise from $4 billion in 2012 to $191 billion in 2017, breaking the $100 billion mark in 2016. Mobile payments and more importantly the convergence between payment types – proximity, P2P and online – stored on a single NFC handset will be the initial trigger driving market convergence across a host of other markets, including ticketing, retail, loyalty, and access control. Market convergence is not quite ready for mass commercial roll out, but the potential value add that NFC brings has been identified. Smart card and IC vendors, device OEMs, MNOs, partnering service providers, and payments networks are all set to benefit should convergence prove successful.
EMV/smart payment card volumes increase with Latin America a particular migration hot spot in 2012, the U.S.’s impending move to EMV, and China’s migration to its PBOC 2.0 standard. Collectively these regions shipped in excess of 330 million smart payment cards in 2011, forecast to increase to over 1.5 billion in 2017. The U.S. now looks certain to migrate, although no official nationwide mandate has been set, mandates in liability shift from Visa, MasterCard, Amex, and Discover all support the adoption of EMV. Financial institutions in the region have been quick to react with approximately 19 to date committing to EMV migration. Forecasted payment card data is split into smart and mag-stripe applications with further granularity supplied for smart cards with all data broken down by product and technology type.
The market for smart cards and secure ICs achieved double digit YoY growth for shipments in 2011, demonstrating increases of 16% and 15%, respectively. Volumes continued ramping up, driven by further mobile penetration, the ongoing development in the SIM card sector, and the number of countries migrating to EMV. The top three applications (government ID,…
GE Money and Mattress Firm have inked a multi-year agreement to provide consumer financing services. The Mattress Firm credit card program, issued through GE Money’s Sales Finance unit, is available through Mattress Firm’s 450 stores in 37 markets across the United States. The no-annual-fee “Mattress Firm” credit program provides various financing options that include EasyPay, a low fixed-interest program that makes financing affordable for consumers.
Wells Fargo Financial Retail Services has honored Mattress Firm with a “Client Award” for success in its consumer private-label credit card program. The award is based on program participation and credit card sales volume. The dual-line Visa credit card program features one card with two distinct revolving lines of credit. One line is dedicated for purchases at participating Mattress Firm locations, the other for Visa card purchases and cash advance transactions worldwide.
Chicago-based Darvin Furniture has extended its agreement with HSBC North America to manage its private label credit card program. The new contract extends a business relationship that began in 1974 by providing private label credit financing for Darvin Furniture customers. The credit card allows cardholders to take advantage of exclusive deferred financing, low monthly payments and special sale offers. Darvin Furniture is recognized as one of the top 100 furniture stores in America.
Wells Fargo and Mattress Firm have inked a deal for an exclusive dual-line VISA credit card program for the medium-end bedding retailer’s more than 200 corporately-owned locations nationwide. The new card offers two distinct revolving lines of credit. One line is dedicated for purchases at participating Mattress Firm locations and the other line is dedicated for VISA card purchases and cash advance transactions. Mattress Firm customers complete only one application for the two lines of credit and receive one billing statement with an itemized list of charges under each credit limit, while only being required to make one payment. Mattress Firm retailers can also offer special terms allowing cardholders to “purchase today and pay tomorrow” with the various “no interest” and “no payment” promotions currently available. Wells estimates the multi-year contract will produce more than $50 million in annual charge volume. Mattress Firm has more than 300 stores in 41 markets.
WA-based Concur Technologies, a corporate expense management solutions provider, has agreed to acquire privately held Captura. The deal involves an exchange of stock giving Captura a 16.6% ownership of the combined company, plus approximately $2 million in cash. The deal is valued at between approximately $12.5 and 14.9 million. Captura’s 70 customers include Hewlett-Packard, General Motors, Ford Motor Company, Booz-Allen Hamilton, and Ericsson. Concur Technologies also announced that second quarter revenues of $10.8 million were up 13% from $9.5 million for the same quarter of 2001. The net loss for the quarter was $2.4 million compared to a net loss of $7.8 million for 2Q/01. Concur said it expects total revenues to be between $12.4 and $12.9 million for the current quarter. For complete details on Concur’s 2Q/02 results visit CardData ([www.carddata.com]).