Net1 Universal Electronic Technological Solutions (NUETS) has received an order for a further 1.2 million Universal Electronic Payment System-enabled smart cards from the Iraqi government. Upon completion of this new order, NUETS will have provided a total of 3.45 million UEPS smart cards to the Iraqi consortium for the distribution and payment of government grants […]

Actis, a private equity investor in emerging markets, has announced the 100% management buy-out of Mediterranean Smart Cards Company (MSCC), one of Africa’s leading electronic payment processors. According to Actis, Africa is the last continent to move away from a cash society, and the acquisition of MSCC reflects the company’s belief in the fundamental shift […]

McDonald’s has begun offering NFC mobile coupons in restaurants across Japan, according to Mobile Commerce Daily. Once a week McDonald’s sends registered members of its “Toku” promotional program – now numbering 18 million – a list of coupons directly to their mobile phones. Customers then have the choice of opening the coupon on the phone’s […]

Verayo, a security and authentication solutions provider has launched the newest product in its family of unclonable integrated circuits: the Vera M1HW. Verayo’s unclonable technology takes advantage of the unavoidable, unpredictable and random variations in the IC fabrication process to uniquely characterize each chip. The variations cannot be controlled, modeled or replicated, effectively rendering each […]

Slovenia has recently launched a new multi-function contactless smart card for tourists and residents, according to squidcard.com. The “Urbana” card allows visitors to the capital city Ljubljana to pay for a wide variety of goods and services, such as public transportation, admission to the city’s castle and zoo, as well as gain free internet access. […]

European fuel dispenser provider Tokheim Group has selected OTI’s EasyFuel system to provide vehicle fleet operators with a wireless fuel management system that incorporates vehicle identification. The solution allows Tokheim, which supplies over 31,000 service stations across Europe, to provide new features such as automated odometer and/or engine hour capture, velocity checks and tank capacity […]

GlobalPlatform has announced the launch of a Trusted Execution Environment (TEE) Client Application Programming Interface (API) Specification designed to support mobile devices entrusted with sensitive information. The TEE is a secure area that resides in the main processor of the phone and guarantees that sensitive data is stored, processed and protected in a trusted environment. […]

The Toronto Board of Trade (TBT) is urging the Toronto Transit Commission (TTC) to stick with its plan of implementing Presto’s smart cards instead of an open payment system for The Greater Toronto Area’s public transit, according to thestar.com. If implemented, Presto would allow commuters to tap on to all public transit systems in the […]

Bristol Airport in the UK has switched to YESpay International’s EMBOSS payment service to manage its online, Web-based parking transactions. With EMBOSS, Bristol Airport is now able to perform high-speed secure authorization and settlement of large-volume contact/contactless credit and debit card payments. EMBOSS features a secure cardholder authentication payment mechanism for e-commerce transactions, known as […]

The mobile payment market in China is expected to grow dramatically in the next two years, with the number of users exceeding 100 million by 2011, according to The Global Times. IT research firm Analysis International reports that last year there were 72.8 million mobile payment subscribers in China, of which only 27.16 million used […]