Author: sca

Cubic’s Tri-Reader® now supports Innovision Research & Technology’s Jewel smart ticketing chip

Contactless low-cost ticketing technology moves a step nearer to reality for mass-transit applications Jewel®, the flagship, low-cost, smart ticketing chip developed by Innovision Research & Technology, the leading RFID design services company, is now supported by Tri-Reader® 2, the multi-protocol card interface device used in the newest automated fare collection equipment from the transportation segment…

Assa Abloy’s HID Global Corporation To Acquire Fargo Electronics, Inc.

Acquisition expands opportunities for both companies in secure card issuance and electronic access control Irvine, CA, May 23, 2006–ASSA ABLOY’s HID Global Corporation announced today that it has entered into a definitive agreement to acquire Fargo Electronics, Inc. for an all cash consideration. The transaction is expected to close at the end of the third…

OTI Delivers Taipei Fubon Bank Key Fobs Enabling Quicker Purchases

Innovative Payment Tool–MasterCard® PayPass™ Contactless Payment Feature on 3-D Soccer Ball Key Chain Fort Lee, NJ, May 22, 2006–On Track Innovations Ltd. (OTI) (NASDAQ: OTIV), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, announced today that it is providing Taipei Fubon Bank a ‘Tap &…

Datacard Group Debuts Advanced Issuance System For High Security Passports

Datacard® PB6500™ Passport Issuance System positioned to revolutionize passport security Minnetonka, Minn., May 17, 2006–Datacard Group today introduced the Datacard® PB6500™ passport issuance system at the Intergraf Security Printers’ Conference and Exhibition in Rhodes, Greece. This innovative and modular solution helps governments elevate passport security to unprecedented heights in an effort to help prevent fraud…

OTI Acquires InSeal SAS to Enhance Support of Contactless Payments Market

InSeal SAS Provides Contactless Operating System for Payment Applications Fort Lee, NJ, May 16, 2006–On Track Innovations Ltd, (OTI) (NASDAQ: OTIV), today announced that it acquired 100% of InSeal SAS share capital for an aggregate of 243,800 of its ordinary shares and 180,000 warrants. The warrants, which have a nominal exercise price, become exercisable in…