Category: NFC News

OTI Restructures Its Marketing Strategy To The Chinese Markets

Will Directly Market its SmartID Products to China; Sells its 50% Stake in the e-Smart System Inc. Joint Venture to Partner Who Will Continue to Distribute OTI’s Micropayments & Other Products Cupertino, CA, June 29, 2004–On Track Innovations Ltd. (OTI) (NASDAQ: OTIV; Prime Standard (Frankfurt): OT5), a global leader in contactless microprocessor-based smart card solutions…

Giesecke & Devrient develops a New Generation of the Biometric Token Concept

Prototype planned for the end of 2004 Munich/Paris, 29 June, 2004–The international technology group Giesecke & Devrient (G&D) is developing a new USB token with biometric authentication. This new Smart Token is the first key chain token to integrate a complete system for authentication, digital signatures, and biometrics in a single device. SuperToken provides unsurpassed…

Bay Area Rapid Transit District (BART) Adds Another Application to OTI’s Smart Card

Cupertino, CA, June 21, 2004–On-Track Innovations Ltd, (OTI) (NASDAQ: OTIV; Prime Standard [Frankfurt]: OT5), a global leader in contactless microprocessor-based smart card solutions for homeland security, micropayments and petroleum payments, announced today that the San Francisco Bay Area Rapid Transit District (BART) has extended the use of its BART OTI smart card for its employee…

Oberthur Wins First GSA Contract for Issuance of Secure ID Smart Cards

Contract extends Oberthur’s leadership in federal and state ID card Los Angeles, Calif., June 4, 2004–The General Services Administration (GSA) has selected Oberthur Card Systems, one of the leading smart card suppliers in the government market, to manufacture and issue its highly secure identity cards. Oberthur has started to issue the hybrid contact and contactless…

OTI Completes $15.1 Million Equity Financing to Institutional Investors

Sold 1.3M Shares at $11.64 per Share CUPERTINO, Calif., May 4 /PRNewswire-FirstCall/–On Track Innovations, Ltd. (Nasdaq: OTIV; Prime Standard (Frankfurt): OT5), a global leader in contactless microprocessor-based smart card solutions for Homeland Security, Micropayments and Petroleum Payments among others, announced today that it has closed on $15.1 million of new equity financing. OTI stated that…

MBF Cards, Malaysia To Purchase 10,000 Smart, Fast, Easy-Use Hypercom T7Plus Card Payment Terminals

Largest Single Order in Malaysia Sets New Record–Malaysia’s Largest MasterCard Merchant Acquirer Chooses Hypercom Terminal Technology Global payment technology leader Hypercom Corporation (NYSE: HYC) today announced another major win for its highly popular EMV-certified T7Plus card payment terminal and operating software as MBF Cards, the largest MasterCard merchant acquirer in Malaysia, agreed to purchase 10,000…

Gemplus Delivers World’s First New Generation of MasterCard Payment Smart Cards

Gemplus Continues to Drive EMV Migration Around the Globe, Delivering the World’s First EMV Smart Cards Compliant With MasterCard M/Chip™4 Standard to One of the Leading Retail Banks in Russia LUXEMBURG, and MOSCOW, May 17 /PRNewswire-FirstCall/–Gemplus International S.A. (Euronext: LU0121706294–GEM and Nasdaq: GEMP), the world’s leading provider of smart card solutions, announces that the company…

Annual Report Press Conference: Giesecke & Devrient raises net income by 20 per cent

Berchtold: “G&D has managed to avoid the recessive trend”–high investment shows clear commitment to Germany as industrial base–increased revenue expected for 2004 Munich, May 17, 2004–Technology group Giesecke & Devrient (G&D) achieved a good result in fiscal 2003. The Munich-based organization succeeded in increasing its net income to EUR 28. 2 million. Compared with 2002,…

Gemplus Becomes the First Company Validated to Deliver 64K Smart Cards for the Next Phase of the U.S. Government’s Largest Smart Card Program

LUXEMBOURG, April 28 /PRNewswire-FirstCall/–Gemplus International S.A. (Euronext: LU0121706294–GEM and NASDAQ: GEMP), the world’s leading provider of smart card solutions, today announces that it obtained FIPS 140-2 validation of its 64K smart card equipped with the applet required by the Defense Manpower Data Center (DMDC) for the next phase of the U.S. Department of Defense’s (DoD)…

Visa Launches Visa Wave For Contactless Card Payments

World’s First Implementation with MBF Cards and Merchants in Malaysia KUALA LUMPUR, April 27 /Xinhua-PRNewswire/–Visa Asia Pacific today announced Visa Wave, the first-ever Visa contactless smart card that is fully compatible with global EMV smart card standard. With Visa Wave, no signature is required and there is no need to hand the card to the…