FARMINGTON, Conn., April 23, 2013 /PRNewswire-iReach/ -- Last week, NXP Semiconductors and Alioth announced their collaborated launch of SCOne, a contactless smart-card solution that uses SmartMX2, which is a single secure microcontroller manufactured by NXP. Equipped with 13.56 MHz passive RFID chips, SmartMX2 is designed to support greater levels of security for multiple applications provided by a single smart card. The SCOne smart cards brings a contactless dimension to banking, transport ticketing and government applications. The availability of this new SmartMX2-based card follows the recent announcement that the Moscow Department of Transport has selected MIFARE Plus for the new Troika smart card project. SmartMX2 also supports NXP's MIFARE chips. According to the company, the new secure multi-application card from Alioth and NXP, with the MasterCard M/Chip PayPass application, is now ready for mass production.
On the consumer front, contactless payments are being promoted by payment providers without necessarily being demanded by consumers. Aimed at displacing cash, which is generally disliked by merchants and financial institutions due to the costs of handling it (including security), contactless payments face strong competition from increasingly popular Chip and PIN debit card payments.
Innovation in Payment Systems: The Emergence of Contactless Cards and Payments
Much trial activity in contactless payments is taking place in Europe. UK card providers have been the most proactive in the region in terms of card issuance, with over 19.6 million contactless cards in circulation at the start of 2012.
Although contactless cards are the short-term future for low-value payments, they will over time converge with mobile handsets. Innovators such as Google and Apple have already launched NFC-enabled devices, and other mobile handset manufacturers will follow when acceptance of contactless mobile payments broadens. Many of the trials underway in various countries have been instigated by Visa and MasterCard. Mainly located in large conurbations, Visa payWave and MasterCard PayPass adhere to international standards, and both schemes are open loop, meaning that cards can be used in a wide range of retail outlets, and not just for payment for public transport or where proprietary readers are installed.
More information about this report and a free sample are available at http://www.giiresearch.com/report/time264949-innovation-payment-systems-emergence-contactless.html
Emerging Opportunities in the UK Cards and Payments Industry
Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape
Contactless cards were first issued in the UK in 2007 and, as of 2012, there were nearly 23 million cards in circulation. Top banks that have rolled out contactless payments include Barclays, Lloyds, Bank of America (MBNA), HSBC and RBS. The emergence of contactless payments in the UK has encouraged customers to opt for card based payments, as such transactions are secure and can be processed much faster compared to traditional card based transactions. Contactless payments are also expanding to post offices and other retail segments. The recent ruling increasing the price limit of contactless transactions from GBP15 (US$24.05) to GBP20 (US$32.07) is also expected to shift low value cash based transactions to cards.
More information about this report and a free sample are available at http://www.giiresearch.com/report/time257401-emerging-opportunities-uk-cards-payments-industry.html
Payment Card Competitor Tracker
What have been the key new product developments in the industry this month, particularly in contactless, mobile, online, and prepaid? Which players are leading the way with these new developments, and where are they occurring? How have trends in competitor activity changed over time, and which regions are becoming more active?
The Payment Card Competitor Tracker provides expert analysis and opinion on the strategic moves of leading competitors in the payment card market. Produced on a monthly basis, the Tracker is a global product and covers over 150 players, including American Express, Barclaycard, Capital One, Citigroup, Discover, GE Money, First Data, HSBC, JCB, MasterCard, Standard Chartered, and Visa.
More information about this report and a free sample are available at http://www.giiresearch.com/report/dc256485-payment-card-competitor-tracker-september.html
RFID Forecasts, Players and Opportunities 2012-2022
In 2012, the value of the entire RFID market was estimated at $7.67 billion, up from $6.51 billion in 2011. This value is for both passive and active RFID and includes tags, readers and software/services for RFID cards, labels, fobs and all other form factors.
Over 200 companies are profiled in this report. Full analysis by each market is given in great detail including in-depth historic data. The report also supplies detailed ten year forecasts of the volumes of tags required, their value and the total market value for over 30 market segments.
More information about this report and a free sample are available at http://www.giiresearch.com/report/ix243391-rfid-forecasts-players-opportunities-2012-2022.html
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