Giesecke & Devrient

Headquarters: 
Germany

German smart card supplier Giesecke & Devrient has been interested in contactless-mobile technology for years.

The vendor, the third largest smart card company worldwide, introduced a contactless SIM card five years ago with an RF antenna attached to it.

The “Dual-Interface (U)SIM” flopped, although similar products may make a comeback to fill the gap in NFC phone availability.

In any case, G&D soon was turning its attention to secure management of applications on NFC phones. It handled some of the first NFC trials involving the over-the-air downloads of contactless credit applications, including a trial organized by payment scheme MasterCard Worldwide with convenience store chain 7-Eleven in Dallas, Texas.

That was just after G&D and large handset maker Nokia announced, in mid-2006, an intention to form a joint venture to launch a trusted service management company. The company, later named Venyon, would offer over-the-air downloads and management of applications for both mobile operators and service providers, such as banks.

It seemed like good timing, despite the fact the concept of a trusted service manager, or TSM, for NFC applications hadn’t yet been established. But G&D, with a strong presence in the banking market, combined with the world No. 1 phone maker, Nokia, an early backer of NFC, believed that by 2008 they would be doing a roaring business as a TSM.

Now, nearly three years after the venture began operations, the rollouts still haven’t happened yet and revenue is scarce.

Nokia officially exited the venture in December 2009, allowing G&D to buy out its 43% stake in Venyon. 

G&D said it still fully believes in the future of NFC, but said Venyon can also help it deliver all types of secure mobile phone services–from “SIM and secure microSD cards, through software to the secure administration” of applications.

G&D also plans to integrate Venyon’s expertise with that of Sweden-based SmartTrust, which it acquired in spring 2009. SmartTrust is a provider of over-the-air management of SIM applications for mobile operators. Venyon and SmartTrust will work together on a trial in Norway, downloading and managing a MasterCard PayPass application, issued by Norway’s largest bank, DnB NOR. The DnB NOR application will be downloaded to a G&D SIM, which will support the single-wire protocol connection to the NFC chip in the phone.

But besides SIMs for NFC phones, G&D is also working on an SD card with its own contactless interface for trials with BlackBerry handsets, NFC Times has learned.

And the vendor in November 2009 announced it was producing a contactless passive sticker certified by MasterCard to carry a PayPass application. In January 2011, G&D did away with the Venyon and SmartTrust names.

Key figures: 
Financial Results 2010 2009 2008 2007
Revenue 705 589 609 577
Cards and Services division, in millions of euros
Key NFC Personnel: 
Kai Grassie, group senior vice president and head, New Business division
Klaus Vedder, group senior vice president and head, Telecommunications division
Lauri Pesonen, G&D TSM
Major NFC and Contactless competitors: 

Gemalto, Oberthur Technologies, Sagem Orga

Last Updated: 
May 2010
Author: 
Balaban

HEADLINE NEWS

Samsung Pay Launches in UK Without Major Banks or MST Technology

NFC TIMES Exclusive Insight – Samsung today finally launched its Samsung Pay mobile payments service in the UK, well behind rival payments services Apple Pay and Android Pay.

Wal-Mart Still Balks at Accepting NFC; Nordstrom Wants Right to Refuse Some NFC Wallets

NFC TIMES Exclusive – LAS VEGAS, Nev.: It’s been more than two and a half years since Apple Pay launched in the U.S., and retail giant Wal-Mart Stores still is no closer to accepting NFC at its 4,000-plus stores in the U.S. then when Apple began rolling out its NFC-enabled mobile payments service in October of 2014.

Apple Testing Loyalty Feature; Google Expected to Expand Payments for Home Device

NFC TIMES Exclusive – As they struggle with low user adoption of their respective wallets in the U.S., Apple and Google are seeking to add more features, hoping to increase transactions, NFC Times has learned.

Taiwan Chief Banking Regulator Reveals Apple Pay Card Adds; Samsung Launches Early Access in Country

NFC TIMES Exclusive Insight – The chairman of Taiwan’s banking regulator, the Financial Supervisory Commission, Wednesday revealed just how fast a start Apple Pay got on the island nation, following its launch of the mobile payments service there in late March.

Analysis: Cook Touts Apple Pay's 'Phenomenal Traction,' but Figures–or Lack of Them–Tell Another Tale

NFC TIMES Exclusive Insight – Apple CEO Tim Cook, with typical enthusiasm, touted Apple Pay’s “phenomenal traction” yesterday in a conference call with analysts. But with one exception, he again failed to release any actual transaction figures for the mobile payments service, while also apparently overstating the contactless and NFC acceptance footprint in the U.S.

Analysis: Enabling HCE Payments in Stand-Alone Wallet Vs. Mobile-Banking App? A Look at Ukraine

NFC TIMES Exclusive – Banks planning to launch host card emulation-based mobile payments have a decision to make: Should they incorporate the payments feature in their mobile-banking apps or introduce a separate wallet app.

Samsung ‘Officially’ Launches First Pays Service in Nordics and Middle East; Expands Beta to Two More Countries

NFC TIMES Exclusive Insight – Samsung today said it had “officially” launched its mobile payments service, Samsung Pay, in Sweden and the United Arab Emirates after “early-access launches” in these countries, making it the first of the global “Pays” wallets to fully launch in either the Nordics or the Middle East.

‘Pays’ Not Enough: Two Singaporean Banks to Expand P2P Apps to In-Store Payments Using QR Codes

NFC TIMES Exclusive Insight – Two of Singapore's major banks–both of which are participating in all three of the “Pays” wallets–Apple Pay, Samsung Pay and Android Pay–are expanding their peer-to-peer payments services to in-store payments using QR codes.

More German Banks to Commercially Launch HCE-Enabled Payments

NFC TIMES Exclusive – At least two German banks plan to follow the country's largest bank by assets, Deutsche Bank, in offering host card emulation-based mobile payments to their customers, NFC Times has learned.

PayPal Will Use Discover Acceptance Infrastructure and Tokenization for In-Store Payments with Android Pay

NFC TIMES Exclusive – PayPal will use the Discover Financial Services acceptance infrastructure and tokenization for its move to in-store payments with Android Pay, NFC Times has confirmed.

Samsung Pay Nears Launch in Taiwan; Android Pay Expected to Follow

NFC TIMES Exclusive – Samsung Pay is expected to launch next month in Taiwan, followed by Android Pay, as the two global “Pays” wallets gear up to compete with Apple Pay on the island nation, NFC Times has learned.

Analysis: Following Delays, PayPal ‘Soon’ to Launch Next Attempt at In-Store Payments using Host Card Emulation

NFC TIMES Exclusive Insight – PayPal and Google announced a deal that promises to finally bring HCE payments to U.S. PayPal account holders, after delays–enabling users to pay with PayPal through Android Pay.