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] 

Texas Instruments (TI) introduced a pair of encapsulated RFID mini-transponders designed for applications in animal tagging and asset tracking.

The 12mm TRPGR30TGC and TRPGP40TGC mini-transponders were developed to enable users a battery-free solution for embedding RFID tags into smaller objects across a broader range of applications. These transponders come ready-to-use and are 100 percent backwards compatible with all of TI’s RFID software and readers including power modules, control modules and micro readers.

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Tennessee’s Board of Regents has chosen Heartland Payment Systems’ Campus Solutions division to handle financial aid disbursement and refund management through Heartland’s Acceluraid financial aid disbursement product. The contract covers six universities, 13 community colleges and 27 technology centers.

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HID Global announced an expanded portfolio of RFID asset tracking solutions designed to meet the demands of industries including logistics, automation and manufacturing, medical and health care, returnable transport items and waste management.

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HID Global unveiled the latest addition to its portfolio of RFID tags, with the announcement of the IronTag 176 ultra-high frequency (UHF) transponder.

This durable tag is suited for tracking a variety of metal parts and equipment. Originally designed for tracking aircraft parts during assembly and maintenance, the IronTag endures the harsh conditions of manufacturing and processing as well as vehicle and equipment operation.

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More than three-quarters POS terminals enabled

Adoption of EMV as the universal payment standard gained further traction in 2011, with official figures revealing that more than 42% of all payment cards and nearly 76% of all terminals in circulation globally are based on EMV technology. These numbers, however, do not reflect the U.S.

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ID Card Group, an online retailer of ID card systems, is offering a school attendance tracking software system designed for the needs of mid- to large-sized educational institutions. The Teacher-In-a-Box Attendance Tracking Kit includes hardware, software and accessories.

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