USA Technologies wireless, cashless payment and M2M telemetry solutions has been awarded the Frost & Sullivan 2014 North American Customer Value Leadership Award in Financial Services and Retail M2M Communications. Based on Frost & Sullivan’s Best Practice Research findings, each year Frost & Sullivan presents this award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes USA Technologies’ inordinate focus on enhancing the value that its customers receive, beyond simply good customer service, leading to improved customer retention and, ultimately, customer base expansion.
LogRhythm announced Noodles & Company deployed its Security Intelligence Platform to meet PCI-DSS compliance requirements, which require very close monitoring and control over credit card information and auditing to prove that such data is protected. LogRhythm’s Security Intelligence Platform stands apart from first-generation log management and SIEM solutions by fully integrating log management, SIEM, file integrity monitoring, host forensics and network forensics with advanced analytics. The solution enables organizations to harness the wealth of security-related information embedded within everyday systems, applications and network log data.
ViVOtech NFC software and systems has been honored with the 2012 Frost & Sullivan Product Line Strategy Award in Contactless Mobile Payment for its superior product line and overall market strategy. According to the report, ViVOtech delivers “the key building blocks of the NFC ecosystem,” including smart applications for enhancing the customer experience, trusted service manager (TSM) software, interactive marketing platform and point-of-sale systems, allowing consumers to enjoy an interactive and informed shopping experience in physical stores so that they can purchase the right product at the right price, while consumers are empowered with a full control of opt-in. On the other side, ViVOtech’s solution provides a powerful and personalized marketing channel to merchants, card issuers, consumer product group (CPG) marketers and other advertisers to influence their respective customers through sending coupons, offers, and rewards to consumers based on who they are, where they are, and what their interests are when they opt-in through a simple touch of their NFC phone on touch points like at the entrance of a store for check-in or at a shelf-tag to get more information on a specific product. In result, the most relevant and contextual information and marketing messaging are provided to consumers, resulting in high traction and redemption rate for an efficient marketing channel.
Giesecke & Devrient (G&D) is the winner of Frost & Sullivan’s “2011 ICT Europe Smart Cards Service Company of the Year” award for having shown excellence in the development of hardware and software for smartcards over the previous year. The award was presented by the market research company Frost & Sullivan and an independent panel of distinguished international industry executives. Giesecke & Devrient’s Cards and Card Services segment grew 19.7% to reach 705 million euros in fiscal 2010.
Apriva end-to-end wireless transactions and secure information solutions’ POS gateway processed transactions of over $1.76 billion in 2Q/11 alone. This decimates the $1.53 billion total from 1Q/11, from which the current figure grew 15% after processing an average of $20 million in transactions daily. The AprivaPay full-featured payment application is designed for both smartphones and browser-based mobile phones. AprivaPay offers integration with more optional printers/card readers than any other payment application provider, giving our merchant customers more choices of platforms and accessories.
MasterCard is hosting its annual Americas Global Risk Management Conference in San Diego, bringing together hundreds of financial services and fraud security professionals from North and South America, including Central America and the Caribbean. Last year’s Americas conference attracted hundreds of industry leaders from 28 countries representing more than 145 unique financial institutions and service provider organizations. This year’s conference will offer thought-provoking presentations and break-out sessions by well-renowned industry experts to focus on the United States Secret Service’s initiatives to detect and prevent payment card fraud, new trends that criminals are using to steal payment card data, and how the agency works to support financial organizations in protecting the payment system.
Mobile payment platform provider Zong is the recipient of the ‘2009 Best
Practices Award for New Product Innovation-Mobile Payments” from Frost &
Sullivan.The award recognizes the Zong+ next-generation mobile payments
platform. Zong+, launched in October 2009, is the first online mobile
platform to combine the convenience of carrier-based payments with the
flexibility of card payments. The new service allows merchants to
significantly increase revenue by reducing transaction fees and enabling
higher average purchase prices, while allowing consumers to make more
convenient and secure payments using their mobile phones. In addition,
Zong+ allows Zong to address new market segments, win additional
merchants and accelerate its end-user adoption rate benefiting all
value-chain participants. In order to determine the recipients of these
awards, Frost & Sullivan
analysts conduct a rigorous selection process, which includes evaluating
industry challenges and rating companiesâ abilities to address them by
innovating elements of the product, leveraging leading edge
technologies, adding value for key stakeholders, and increasing customer
value while further penetrating the market. This industry accolade is
awarded by a company that has been dedicated to the analysis and
forecasting of high-tech markets since its inception in 1961.
Frost & Sullivan International growth partnership firm has opened its
Moscow regional office to further expand facilitate its global reach and
provide service to its growing client base in the Commonwealth of
Independent States (CIS) and Russia. This is in addition to the 40 Frost
& Sullivan regional offices worldwide and nearly 50 years of experience
in partnering with Global 1000 companies, emerging businesses and the
investment community. Frost & Sullivan is tactically poised to provide
the accurate, timely and objective information necessary to enter this
challenging economy and with this development has brought together top
caliber analysts and consultants specializing in the region for many
Frost & Sullivan’s Smart Cards
Practice in Asia Pacific will host “Asia Pacific Contactless Smart Card Market: What will keep it going
in 2009?” on December 17th. This briefing will look at key applications, market trends and
challenges faced by the Asia Pacific market during this time and will provide an update
of related and upcoming research and provide an opportunity for a question and
answer session with the analyst. Highlights include a focus on mass transit, government
ID and contactless payment applications and leading countries in these industries.
INSIDE Contactless has been recognized with the “2008 Frost & Sullivan
North American Contactless Smart Cards Growth Excellence of the Year
Award”, in recognition of its role as a leader in shaping contactless
payment technology in the smart card industry. Frost & Sullivan credits
INSIDE as one of the first companies to have
designed a multi-application platform for contactless payment functions.
The research and growth consulting firm recognized that such an early
move propelled the company into a position of excellence in terms of
technology innovation, enhanced its understanding of the market, and
helped it gather valuable experience to stay ahead of competition. Frost
& Sullivan also attributed INSIDE’s exponential sales growth primarily
to its low-power, flexible MicroPass intelligent payment platform, which
is designed specifically to support the contactless bank card market
with extension into transit fare collection, access, control, and retail
Given the region’s massive technological advancement in recent years,
Research and Markets has announced the addition of “Strategic Assessment
Of The Asia Pacific Smart Card Markets” to their offering. The new
report discloses product quality and innovation is displacing pricing as
the primary business factor while market participants are making
significant headway toward smart cards’ increasing convergence of
applications and integration for product advancement. Research also
demonstrates contactless cards and mobile phones for transactions will
become increasingly evident in 2008 across Singapore, Taiwan, and Japan
with NFC phones, contactless subscriber identity modules (SIM) and radio
In response to the smart card market seeing massive returns in
Asia-Pacific, Frost & Sullivan’s “Smart Card” and “Auto ID Practice” in
Asia Pacific are to host an analyst briefing on “Smart Card Mass Transit
and Payment Application” for the region. The briefing will examine the
possibility of converging the common platforms on various form factors,
such as a card or mobile phone, and the possible issues/challenges the
project may encounter. This briefing is to interest smart card vendors,
transit operators, financial card issuers, mobile operators and system
integrators, will provide updates of upcoming research and an
opportunity for a question and answer session.