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

Yeon secures IP rights in Europe and Taiwan

Wednesday, December 3, 2008

Yeon Technology, a Taiwan-based RFID developer, has announced it has secured design protection for four of its RFID devices in the European Union. Additionally, it has received three patents in Taiwan for technology related to its UHF antenna designs.

Yeon Technology is a subsidiary of the YFY Group, a conglomerate of Asian businesses that began with the packaging manufacturer Yuen Foong Yu Paper Manufacturing. The RFID business was founded in 2006, and has in the past claimed some breakthroughs in the development of low-cost, RFID-enabled packaging materials. [end] 

Acer is planning to launch NFC-enabled smart phones for mobile banking and contactless payments, according to Taiwan News.

Acer product manager Vincent Chen told TN that the new phones will likely run on Windows 8, which is expected to support NFC technology. According to Chen, the roll out will depend on how quickly the five major mobile operators in Taiwan can agree upon a contactless mobile payments platform.

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Taipei residents with contactless Easycards will be able to tap and pay for trips on Taiwan’s high speed rail by the end of the year, according to Focus Taiwan.

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MarketResearch.com has released a new report predicting that approximately 46% of all mobile phones will be NFC-enabled by 2016 – up from just 5% in 2011.

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Hitachi partnered with Turkey-based banking company Isbank to bring biometric identification authentication to roughly 3,400 ATMs in Europe.

While the new network of biometric ATMs, which utilize Hitachi’s finger vein scanning technology, is the largest in Europe, it is far from the largest worldwide where Japan has embraced the technology and installed more than 75,000 finger vein-based ATMs.

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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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Visa Europe is anticipating a big year for contactless and NFC payments, with issuance projected to leap from 30 million in 2011 to 50 million in 2012.

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