Identity, Security, Payments, Biometrics, Smart Cards and Authentication News

UPEK commits $100m to strengthen its Singapore presence

Thursday, December 6, 2007

UPEK has committed roughly $100 million over the next 10 years to strengthen its presence in Singapore. It includes plans to build a Center of Excellence there. UPEK is seeking to tap into the booming biometrics industry. The global biometrics market is projected to almost triple over the next three years to US$5.7 billion in 2010.

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SMRT corporation, Singapore’s second largest public transit operator, has announced the launch of new NFC-enabled ‘iMobSMRT’ media hubs in SMRT stations around Singapore.

According to SMRT, the iMobSMRT stations enables Singapore’s more than 2 million commuters to access services such as taxi bookings with just a tap of an NFC phone against a tag. Users can also tap to download transit guides and maps, receive offers from merchants, and access news, music, entertainment and other media.

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GlobalPlatform has announced that Clear2Pay, a global payment solutions provider, and Shanghai COS, a chip operating system (COS) developer, have become the organization’s newest members.

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Coca-Cola, in partnership with media agency MEC, Clear Channel and Tapit, has launched an NFC-enabled poster campaign in Singapore for Fanta brand soft drinks.

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Atlanta-based Echoworx, a credential management and managed encryption service provider, has opened up its Security Cloud to the industry at large, including MDMs, MEAPs, cloud services and other organization. By plugging into the cloud, they can enable PKI integration across multiple platforms and devices.

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The Singapore Civil Defence Force (SCDF) has placed an order with Hitachi Asia Ltd. to supply passive RFID technology that will enable the Singapore Government to track various emergency equipment at all sixteen fire stations island wide.

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In an effort to reduce fraud, the Association of Banks in Singapor announced that it has set guidelines regarding the implementation of smart chips in ATM cards in Singapore.

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