smart card

Silicon Valley Bank (SVB), a bank serving companies in the technology, life science, venture capital and premium wine industries, became the first bank to launch chip-enabled, or Smart, credit cards for US businesses. Now SVB clients can apply for the new chip and signature World Elite™ MasterCard® for Business with EMV chip technology.

VeriFone Systems Inc unveiled its next version of PAYware Mobile Service for global markets. The updated release features VeriFone's sleek mobile payment solution and gateway service and brings international payment standards including NFC and EMV smart card, with PCI-compliant PIN keypad for Chip & PIN transactions, to popular smart phones.

Gemalto, a smart card supplier, will book an exceptional charge of up to EUR10 million in its 2009 results. The charge comes to cover financial claims stemming from a Y2K-related coding error that rendered millions of German payment cards unable to process the 2010 date-change.

As a result of the glitch as many as 30 million payment card users were unable to use their cards in cash machines and eftpos terminals across the country. German customers traveling overseas were also hit.

TELUS announced today it has chosen SmartTrust's advanced Subscriber Identity Module (SIM) and device management platform to help it introduce advanced offerings to its subscribers in the coming years.

The mobile payment industry has stagnated at the trial phase for the past years. This slow uptake has been attributed to a number of reasons, from the underdevelopment of the mobile payment ecosystem to the lack of NFC-enabled handsets for users. The absence of handset options, in particular, has been blamed for the underwhelming user reception to mobile payments.
New tools have since emerged in a bid to address this issue, touting abilities to convert any mobile phones into credit card readers.

 Gemalto, the world leader in digital security, today announces it is delivering national ID cards to Kuwait, as part of the government program commissioned by the country’s Public Authority For Civil Information. Al-Kharafi, an international private Kuwait-based company, is prime contractor for this nationwide program. The agreement appoints Gemalto to deliver electronic multi-application ID cards for citizens embedding contact and contactless smart card technologies, as well as plastic cards for foreign residents that implement highly secure printing features.

 Electronic payment provider NETS has launched a new smartcard called the FlashPay card offering Singaporeans more cashless payment possibilities. 

The new stored-value card promises to bring convenience in a flash. 

The NETS FlashPay card can be used for public transport, ERP gantries and carparks, as well as at over 2,500 retail outlets. 

 GlobalPlatform, the international specification body for smart card infrastructure, has announced that American Express has joined as its newest Full Member. Amex’s initial focus will be to participate in GlobalPlatform’s current standardization efforts to support the convergence of the payment and mobile technical landscapes.