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

Financial institutions set RFID tracking standards

Friday, December 19, 2008

The Financial Services Technology Consortium has announced the releasse of its RFID Basic Functional and Numbering Requirements for IT Data Center Assets. The requirements are targeted at IT asset vendors to establish a system for pre-tagging data center equipment in a standard method prior to shipments to data centers.


The requirements are the result of six months of collaboration between consortium members and RFID organizations. The project’s ultimate goal is a standardization of numbering, based on the EPCglobal Electronic Product Code and the GS1 Global Individual Asset Identifier, which would reduce the time required to inventory IT assets when they are received at data centers both in the financial industry and beyond.

The consortium is a collection of financial institutions, other financially oriented corporations, technology providers, government officials and academia which organized in 1993 to employ technology advances and innovative thinking to help solve the business challenges of the financial services industry.

The RFID Basic Functional Requirements and Number Requirements, documented by the FSTC project team are now available on the FSTC web site. [end] 

GAO RFID Asset Tracking announced an ultra-high frequency Gen 2 RFID reader with 4-port read and 4-port listen.

This RFID reader, operating at the frequency range of 902 to 928 MHz, reads Gen 2 compatible transponders at a maximum distance of up to 7 meters or more. It also offers communication interfaces including Ethernet TCP/ IP, DHCP and HTTPS for data exchange.

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TrackIT Solutions, an RFID solutions provider based in the Middle East, announced the launch of EnTrackAsset, a Web-enabled RFID tracking solution designed to streamline and automate corporate asset management.

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Axios Mobile Assets Corporatio partnered with Canadian logistics firm, J.D. Smith and Sons, on a six-month pilot program using Axios’ RFID-enabled pallets and tracking technology.

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DAILY RFID released its latest Bluetooth-enabled ultra-high frequency RFID reader, the DL930B.

With a read range of up to eight meters and a fast read rate, the DL930B supports a wide variety of industrial applications, including asset management, baggage handling, container and pallet tracking, item-level inventory management and warehouse logistics.

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Mobey Forum, a bank-led mobile commerce association, has announced that it is now participating in the Trusted Computing Group’s (TCG) Industry Liaison Program in order to enhance the development of security standards in mobile financial services.

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Canada’s banking and credit union groups have come together to create a set of open guidelines for the development of mobile payments at point-of-sale in Canada.

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