Proxama has announced a partnership with semiconductor supplier ARM Holdings to create secure payment mechanisms for mobile handsets. The UK-based partners say they will combine ARM’s TrustZone technology with Proxama’s Mobile Wallet to develop a “highly secure” environment for NFC-enabled mobile contactless payments and mobile internet payments. According to Proxama, 2012 is set to be […]

Global Industry Analysts Inc. released a report forecasting the outlook on the global smart card market to reach 10.9 billion units by 2015. GIA credits the growth driven largely by major initiatives in the financial, government and security sectors, with the telecom sector at the way ahead of the pack as the largest end-user. Increasing […]

CoVantage Credit Union (CVCU) announced the availability of Tyfone’s mobile wallet services throughout its branches in Wisconsin and Michigan. Some 64,000 CVCU members can now use Tyfone’s mobile banking services, which include balance checking, account history review, fund transfers, branch and ATM location look-up, as well as several new features: Mobile banking for non-online bankers: […]

India transport operator Ahmedabad Janmarg Ltd. has launched a smart transit card for commuters traveling on the region’s bus system, according to ISO&Agent. The agency began a six-month trial and August 2010 followed by a soft and silent launch in January 2012. The card is available now for a nonrefundable fee of 25 rupees ($.50 […]

United Arab Emirates (UAE) travelers prefer making payments via mobile rather than using cash or credit card, according to a recent survey commissioned by travel technology and transaction processor Amadeus. According to the study, 32% of the UAE respondents found it “Extremely Appealing” to use the mobile for such transactions, as oppose to 24% globally. […]

K-Plussa launched an upgraded, contactless version of its cash card to provide a faster and easier shopping experience for costumers at the checkout. K-Plussa is a customer loyalty programmed in Finland offering benefits to its customers from over 3,000 shopping places and over 40 business partners. The new contactless K-Plussa cash card will be issued […]

Datacard Group, a provider of secure ID and card personalization solutions, has announced an equity investment and strategic partnership with DeviceFidelity, makers of the In2Pay mobile payments solution. As per the agreement, Datacard will offer DeviceFidelity’s In2Pay suite of solutions, enabling financial institutions and wireless carriers to issue customers a credit, debit, prepaid or multi-account […]

Visa has announced that more than 1 million EMV chip-enabled cards have been issued by U.S. financial institutions as of December 31, 2011. Just 18 months ago there were no Visa-branded EMV chip cards issued in the U.S. according to Visa’s Stephanie Ericksen, who attributes the sudden growth to U.S. issuers accepting Visa’s EMV and […]

Cubic Transportation Systems, distributor of the electronic transit Clipper card, has responded to the recent news of a Ph.D. student in IT Security allegedly breaking the encryption in Clipper and similar transit cards. According SF Weekly, David Oswald, a student at the Ruhr University of Bochum in Germany, broke the encryption using items purchased through […]

Turkcell, Turkey’s largest mobile operator, has announced the launch of a SIM-based NFC road toll payment application on the Turkcell T11 smart phone. Developed in collaboration with Bank Asya, the app allows users to migrate their plastic KGS toll payment cards onto their T11 smart phone to pay for fares when crossing bridges and freeway […]