Identity Management Systems, Logical and Physical Access, Convergence

Why RFID is becoming the dominant technology for personal ID and payment

Sunday, December 1, 2002

It has taken time but a worldwide focus on both physical security (protecting buildings and facilities) and logical security (protecting data and networks) is hastening the development and deployment of radio frequency identification (RFID). No longer simply a tool for inventory control, mass scale utilization of RFID for fare collection, identity verification, payment and other mission-critical applications is becoming mainstream.

There are 453 words in the rest of this article …

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MasterCard announced that it intends to present its contactless payment cards to Azerbaijani financial market in 2012.

According to abc.az, MasterCard is in negotiation with the Central Bank of Azerbaijan, as well as Azerbaijan private banks regarding the implementation of projects on non-cash payments and the introduction of contactless cards for payments for applications in transit, dining and entertainment.

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Identive Group Inc. has announced a deal to acquire a majority stake in Hamburg, Germany-based payment solution AG, a cashless payment system provider for stadiums, arenas and other types of entertainment venues.

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Collis has announced the launch of its Visa Mobile Payment Specification (VMCPS) Test Suite, enabling the functional testing of UICC or secure element-based contactless mobile payments applications.

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The Peninsula Taxi Association (PTA) in South Africa has launched a electronic fare collection system, granting commuters cashless fare and discounts when using the newly developed contactless-enabled transit card, according to The Cape Times.

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Mobile payment solution provider I Love Velvet announced that it has reached the second level of EMV certification (EMV2) which authorizes PIN and integrated chip payments from debit, credit and smart cards around the world.

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In Europe, the Association for Retail Technology Standards (ARTS) and EPASOrg has developed a new global standard to help accommodate changes in new payment technologies, according to SupermarketNews.com

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