RegardingID Archive | INSIDE Contactless named to Red Herring Top 100

Monday, January 26, 2009

INSIDE Contactless, a provider of contactless chip technologies, announced that it has been awarded as one of the Red Herring Top 100 Global Companies. Some 1800 companies contended for these awards, and the Red Herring editorial team selected INSIDE Contactless after an evaluation process based on quantitative and qualitative criteria, such as financial performance, innovation, management, global strategy and ecosystem integration.

The editorial team narrowed down the best companies first to 200 finalists, then to the top 100 winners of this global award. The announcement of the winners was made at the Red Herring 100 Global, which took place in San Diego from January 14-16.

HSBC starts roll out of contactless bank cards

HSBC announced that it will begin the conversion to contactless technology this month, replacing all customer banking debit cards, according to ThinkMoney.com.

The bank will start to roll out the new contactless cards to existing customers whose debit cards are due to expire this month and then continue the process as cards expire. Customers who don’t want a contactless card can opt out by contacting their bank before their current card expires.

CIBC, Rogers to launch Canada's first mobile wallet

The Canadian Imperial Bank of Commerce (CIBC) and mobile operator Rogers Communications are partnering to launch Canada’s first joint mobile payment solution, allowing Canadians to pay with their CIBC credit card at the point-of-sale using NFC-enabled smart phones.

First Data brings contactless parking meters to Poland

First Data Corporation has partnered up with the Krakow Transportation and Infrastructure Authority and City Parking Group for the introduction of parking meters equipped with contactless payments functionality in the city of Krakow, Poland.

Free NFC stack launched for Android 4.0

Inside Secure has launched a free, open-source NFC protocol stack for Google’s new Android 4.0 “Ice Cream Sandwich” mobile operating system.

According to Inside, Open NFC 4.3.3 is compliant with the Ice Cream Sandwich release Compatibility Definition Document (CDD) for NFC, and supports all the latest Android NFC features, including Android Beam and WiFi Direct pairing connection.

OTI to deliver 30,000 NFC readers in the U.S.

On Track Innovations (OTI) has received an order for 30,000 of its NFC and contactless payment readers for deployment in the U.S.

OTI did not reveal who will receive the readers, but assured that the devices would be used to support the migration towards contactless payments and NFC in the U.S.

INSIDE Secure adds NFC functionality to existing SIM cards

INSIDE Secure has developed a way to fit an NFC card emulation solution into a standard SIM card form factor and still achieve industry-standard 4-centimeter proximity transaction performance.

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INSIDE Contactless named to Red Herring Top 100