Visa Europe and Visa Inc. have announced plans to work with the GSMA to advance the delivery of mobile financial services around the world.
Visa Europe and Visa Inc. have announced plans to work with the GSMA to advance the delivery of mobile financial services around the world.
MasterCard Worldwide has announced the issuance of its 50 millionth MasterCard PayPass card or device as of 4Q 2008, doubling the number of cards and devices in circulation around the world in the last year. PayPass trials and rollouts are currently underway in 28 countries.
According to a new report from industry research firm RNCOS, ‘Global Smart Card Market Outlook’, the take-up of smart cards is still on the increase with the financial and retail sector having been the main beneficiaries in 2008. Indeed, the industry is expecting further increases in smart cards across a range of sectors with IMS Research reporting there will be more smart cards than people by the end of this year – more than 7 billion cards. Smart cards are now being used for a vast array of applications and in more areas of the world than ever before. The aspect of security, however, is still at the forefront of customers’ and operators’ minds. Gerard Najman, business development director, Thales Transportation system reports.
An ID credential is only as good as its readers, and those are mostly human eyes. Despite all the advances in document reader technology, it's virtually impossible to place electronic readers at all spots where an ID might be required. In fact, experience shows that the funding for even critical use situations takes many years to materialise. Stephen Price-Francis, vice president of Marketing at LaserCard reports on the issues and puts forward the case for optical stripes.
Secondary schools in the UK towns of Chippenham and Trowbridge are using cashless smart card technology as part of their initiative to encourage pupils to eat healthy school lunches.
Sagem Orga has signed a strategic partnership agreement with Bekoz Group, a company that is pioneering person-to-person money transfer using mobile phone technology.
Four in ten consumers would be happy with a cashless society, yet half of retailers think there is nothing they can do to improve payment systems, according to new research just released by RBS WorldPay.
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