Smart Card & Identity News A New Flavour for eCash

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World News In Brief Smart Payment Card Shipments Hit One Billion in 2011 In 2011, for the first time in history, the number of smart payment cards shipped annually to financial institutions worldwide passed the one billion mark (1044 million), according to figures released by the Smart Payment Association (SPA) http://www.smartpaymentassociation.com The six SPA members, who represent more than 85% of the total available market, shipped 898 million smart payment cards (of which 90% were EMV cards); a healthy 12% rise in volumes on 2010 figures. The highest regional climb was recorded in the Americas. Here, Canada's completion of its EMV migration, the increasing adoption of chip and PIN cards across Latin America and the first significant volumes of EMV cards to be issued in the United States all contributed to a +29% jump in shipments. The Asia Pacific market was similarly buoyant in 2011, with the region showing a +26% increase. The annual review highlights the ever increasing penetration of contactless payment, with pure contactless and dual interface payment cards accounting for 15% (130 million) of SPA member shipments in 2011. By investing in contactless cards issuers are increasingly able to offer faster, more convenient and more intuitive payment options to customers; while investments made on the acquiring side (terminals and infrastructure) are paving way for the expected growth in mobile NFC payments. Veritec Rolls Out Blinx On-Off Smart Toggle Debit Card Veritec, Inc. announces the roll out of their Blinx On-Off Smart Toggle Debit Card. Veritec's new Smart Toggle Card can easily be toggled on and off by using a mobile phone or the web. Card holders can receive instant notification of card activities and transfers of funds in real time, within the Veritec system. Veritec's technology includes a Proprietary Secure Financial Card Processing Software Platform and is the approved Third Party Processor of debit cards for banks and Visa. Veritec is the patent holder for proprietary twodimensional Matrix Symbology, VeriCode and VSCode. Smart Card & Identity News • March 2012 The Codes assist in the secure identification of people and products. The combination of a financial debit card and a secure identification card make Veritec's Multi-Purpose Cards unique in its field. 2011 Fraud Losses Continue Downward Trend The latest payment fraud losses for 2011, released on 7 March 2012, by the banking and card payments industry show that credit card, debit card and online banking fraud levels have fallen again. This continued success is thanks to efforts by the industry, partners, and importantly, customers. Fraudsters' activities in other areas have caused a minor increase in cheque and telephone banking losses. Fraud losses on UK cards fell 7% from £365.4m in 2010 to £341.0m in 2011, resulting in a three-year reduction of nearly 45%. Losses are at the lowest levels since 2000. This healthy trend is a result of the industry's efforts to deter, detect and prosecute fraudsters. Online banking fraud losses fell 24% from £46.6m in 2010, to £35.4m in 2011. This decrease has occurred despite a continuing rise in phishing attacks and attacks involving malware. Phishing attacks are up 80 % from 2010. Telephone banking fraud losses rose from £12.7m in 2010 to £16.7m in 2011 (an increase of 32%). Most losses involve customers being duped by criminals, using fake emails or cold calling, into disclosing their personal security details such as telephone banking passcodes. To read the full report visit: www.theukcardsassociation.org.uk First Contactless Payment Program in the Canary Islands with Ingenico Ingenico announced the deployment of 645 wireless terminals for the first program of payments with contactless Visa cards in the Canary Islands. More than 5,000 clients of the financial entity Cajasiete will be able to benefit from the advantages of payment with the SINcontacto card in more than 500 stores throughout all the islands, putting the Canaries at the forefront of this technology in Spain. 12
Cajasiete intends to extend this type of payment system to other stores and to more clients throughout the Canary Islands over the next few months. All the cards and stores which enable the use of this technology will be identified with the "Wave" icon to facilitate their recognition. cheques and PayPal using one simple product. No matter how consumers choose to pay, PayPal Here makes it easy, giving small businesses more sales opportunities. Merchants can accept payments by swiping cards in the card reader, scanning cards and cheques using their phone cameras, or manually entering card information into the app. They can also send an invoice and set payment terms directly from the app. NEC Develops Ultra-thin Organic Radical Battery Compatible with IC Cards NEC Corporation has announced the development of an ultra-thin, 0.3mm thick, organic radical battery (ORB) that is compatible within standard IC cards of 0.76mm thickness. The adoption of these ultrathin ORBs featuring greater flexibility, higher power output and faster recharging speeds than existing rechargeable batteries, including lithium-ion batteries, is expected to enable advanced new functions in IC cards, electronic paper and other technologies. Conventional ORBs of 0.7mm thickness are difficult for IC cards of standard 0.76mm thickness to adopt. These new, 0.3mm ORBs are less than half the thickness of existing units, a size reduction that was accomplished by using printing technologies to integrate circuit boards with batteries. As a result, IC cards embedded with these batteries can be used for a wide range of functions, including displays, transmission and advanced encryption processing. PayPal Unveils PayPal Here PayPal announces PayPal Here, the world's first global mobile payments solution that allows small businesses to accept almost any form of payment. The new service includes a free app and fully encrypted thumb-sized card reader, which turns any iPhone, and soon Android smartphone, into a mobile payment solution. With PayPal Here, small businesses, service providers and casual sellers can send invoices or accept debit and credit cards, Smart Card & Identity News • March 2012 There is no monthly account or set-up fees, merchants pay a simple flat rate of 2.7 percent for card swipes and PayPal payments. WHSmith Goes Contactless with Streamline & Visa Europe WHSmith has become the latest business in the UK to go contactless in partnership with Streamline & Visa Europe. The new contactless payment option will initially be available in 46 major travel locations, such as London Heathrow, Gatwick, Stansted and Mainline Railway Stations across the UK. These stores are expected to go live throughout Spring 2012. Matt Rowsell, Chief Commercial Officer for Streamline, said: "Contactless payments are ideally suited to time-poor shoppers, such as those travelling through busy rail and airport locations. We're confident that contactless will enhance the customer experience and reduce transaction times in these very busy stores." TransCard Announces NFC Certification to Enable Contactless Payments TransCard is pleased to announce the completion of contactless NFC certification for MasterCard PayPass contactless payment transactions. Craig Fuller, CEO of TransCard, stated, "We are tremendously excited about the momentum in the NFC universe and the growing interest in contactless and mobile payments. We believe an entire eco-system is developing around NFC payments and TransCard is proud to be one of the select group of prepaid processors that is contactless certified." Apple and Nokia Battle over Nano- SIM Proposal Apple and Motorola Mobility have locked horns again, this time over the so called 'Nano-SIM'. The new Nano-SIM is approximately 60% smaller than the traditional SIM card. 13
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