American Express announced the introduction of blockchain-enabled, business-to-business cross-border payments. The American Express FX International Payments (FXIP) business is working with Ripple, provider of enterprise global blockchain solutions, to make blockchain payments commercially available, reducing the time and cost of settlement, while maintaining the level of security that American Express customers know and expect. Santander UK is the selected partner to initiate this exciting new transaction channel, which has the potential to expand substantially over time.
In establishing exceet Card Italia s.r.l., which will operate from a facility in Benevento near Naples and a sales office in Milan, exceet Card Group is laying the groundwork for expanding its business on the Italian market.
M2MD Technologies and Giesecke & Devrient announce the availability of a secure Communications Gateway. In addition to comprehensive security, the Communications Gateway allows automakers to quickly connect to the vehicle, execute commands more rapidly, and effectively manage costs.
With more connected vehicles on the road, the need for strong security and efficient communications is paramount to the safety of the driver and the vehicle. M2MD and G&D formed a strategic partnership, combining their expertise to improve both security and connectivity speed. The secure Communications Gateway merges M2MD’s proprietary security solutions with G&D’s expertise in encryption, key management, and highly secure hosting capabilities.
Otono Networks and G&D Announce Partnership to Offer eSIM Advanced Enablement Services to Mobile Carriers
Networks and Giesecke & Devrient (G&D) will team up at the Competitive Carriers Association’s 2016 Annual Convention to announce a partnership to offer advanced eSIM enablement and management services in the global market for device connectivity.
Gemalto has announced that it is the first data security provider to join the Cloud Foundry Foundation, home of the industry-standard multi-cloud platform. As a Cloud Foundry Foundation silver member, Gemalto will help Cloud Foundry developers and customers integrate the highest levels of security into applications built in the cloud. Gemalto will actively contribute to the development of Cloud Foundry, joining numerous other industry leaders, including EMC, HP, IBM, Pivotal, Rackspace, SAP and VMware.
Oberthur Technologies has entered into a licensing agreement with fingerprint software provider Precise Biometrics. The agreement will integrate Precise BioMatch Embedded, a leading fingerprint recognition solution, with OT’s multi-application embedded secure element (eSE), PEARL. The solution is designed to provide an additional layer of security to mobile, M2M and IoT devices via biometric authentication. With Precise Biometrics, OT will be able to support fingerprint identification across any device for connection, authentication and payments.
Following the inclusion of mobile payments performance and interoperability requirements in the latest EMVCo Specifications, FIME’s international network of laboratories is now accredited to confirm compliance of mobile devices.
The specifications address three main areas for mobile devices designed to perform mobile contactless transactions:
- Level 1 digital and analog testing to verify the RF signal and protocol exchanges between the mobile handset and the payment terminal.
- Interoperability testing to confirm the new handset will interact effectively with the established payments ecosystem.
- Performance testing to ensure the device’s command processing and transmission times are in line with industry benchmarks.
The SIMalliance membership, which represents approximately 88% of the global SIM market, has reported 2015 SIMalliance shipment volumes equalling 4.7 billion, reflecting a 0.3% increase on 2014 shipments. The estimated total available market in 2015 was 5.3 billion, compared to 5.2 billion in 2014, marking a 2% increase in total SIM shipments worldwide. Significant advances were reported by SIMalliance members in key markets and regions, notably, the Americas (+6%), Europe (+1%), India (+25%), Japan / Korea (+12.5%) and the Middle East & Africa (MEA) (+14%).
Total shipment figures, however, were impacted by a contraction within the Chinese market. This was caused by a number of factors:
- Exceptional demand for LTE cards in H2 14: In 2014, unusually high demand within China for cards to be utilised in LTE networks led to exceptionally large shipment volumes. Many of these were carried forward as 2015 stock;
- Regulation: In 2015, the Chinese government accelerated identity confirmation following the introduction of regulation in 2013 which mandates that SIM cards must be registered with genuine identities;
- The macro economic environment: In 2015, China reported its slowest growth in 25 years.