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Topic “Joint ventures”

Taiwanese Regulators Approve NFC Joint Venture, but with Conditions

Jan 29 2013 (All day)

Taiwan’s Fair Trade Commission has approved a joint venture among Taiwan’s five mobile operators and its major contactless payments service provider, EasyCard Corp., to build an NFC payments platform, but with conditions.

ARM, Gemalto and G&D Launch Joint Venture to Try to Capitalize on Mobile Security

ARM, Gemalto and Giesecke & Devrient today launched their joint venture, Trustonic, seeking to encourage broad deployment of technology that puts smart card-like security right on the main application processor of smartphones and other devices.

EU Regulators Approve UK Telco Joint Venture; Clears Way for NFC-Based Wallet Platform

The European Commission announced today it has unconditionally approved the creation of a proposed mobile-commerce joint venture by the three largest operators in the UK, Everything Everywhere, Telefónica UK and Vodafone UK.

Dutch Telcos and Banks Drop Plans for NFC Joint Venture

Jul 20 2012 (All day)

Dutch mobile operators and banks have decided not to form a joint venture to roll out NFC services together, saying “developments in the market” were responsible for ending the deal that was nearly three years in the making.

Doubts Raised for Proposed NFC JVs in Europe as Regulators Probe UK’s Project Oscar

Apr 17 2012 (All day)

A decision by the European Commission to launch an in-depth investigation into the proposed NFC m-commerce joint venture by the United Kingdom’s three largest mobile operators could create delays in NFC rollouts in the UK and problems in other European countries, where telcos are planning similar joint ventures.

New Zealand Telcos and Bank-Owned Processor Plan NFC Joint Venture

Apr 3 2012 (All day)

New Zealand’s three mobile operators and its bank-owned payments processor have announced plans to form a joint venture to launch a centralized trusted service manager for the rollout of NFC services.

HEADLINE NEWS

Giesecke & Devrient Reports Falling Sales, Lower Profits for 2013

Germany-based Giesecke & Devrient was no doubt glad to close the books on 2013, a year in which it saw substantial job cuts and changes in management and–as it reported Wednesday–lower sales and profitability.

Inside Secure Acquires Security Vendor Metaforic with Eye Toward Host-Card Emulation Market

France-based Inside Secure has acquired encryption and software security company Metaforic in a cash deal worth at least $11.6 million, which Inside Secure says will help equip it to offer security services for host-card emulation-based mobile payments.

China Telecom Chooses NFC SIM Vendors for Large Planned Procurement

China’s No. 3 mobile operator, China Telecom, has selected a list of six SIM vendors for its large planned rollout of NFC services.

Intel Buys Inside Secure’s NFC Modem Technology; Expands License of Inside's NFC Patents

Apr 2 2014 (All day)

Inside Secure is selling its next generation NFC controller technology to chip maker Intel, as well as an expanded license, for $19.2 million, though will keep most of its NFC patents and embedded chip technology.

Big French Bank Announces Nationwide Rollout of NFC-Payments Service on SIMs

Apr 4 2014 (All day)

BNP Paribas, one of France’s largest banks, today announced its long-anticipated nationwide rollout of NFC payments, making Visa-branded debit cards available to customers on SIM cards issued by France’s two largest mobile operators and a couple of smaller brands.

OTI Lowers Losses as It Continues Turnaround Efforts but Offers No Time Frame for Turning a Profit

In the first full year since a takeover ousted former CEO and co-founder Oded Bashan, Israel-based NFC and contactless company On Track Innovations showed some progress in its efforts to turn around the chronically unprofitable company, in part by focusing on sales of contactless point-of-sale terminals.

Australia’s Westpac to Launch First Project with Visa on Samsung Embedded Chips; HCE Gears Up in Market

A second of Australia’s big four banks, Westpac Banking Corp., said it will finally be ready to launch its long-planned NFC contactless payments service with Visa using embedded chips in Samsung phones by the end of April, the bank told NFC Times.

NFC SIM Volumes Projected to Show Moderate Growth in 2014, Though Impact of HCE Remains Unknown

NFC Times Exclusive: Mobile network operators will take delivery of at least two-thirds more NFC SIMs this year than in 2013, predicts operator trade association, the GSMA, though the impact of host-card emulation remains to be seen.

Identive Narrows Losses; Reports More Restructuring

U.S.-based Identive reported significant restructuring and job cuts in the fourth quarter, along with increased sales for NFC and other RFID tags–but still no profit.

NFC Forum Issues Statement Supporting HCE as Means to 'Accelerate' Market Growth

The NFC Forum has issued a statement of support for host-card emulation at its all-member meeting this week in San Francisco, calling HCE a “promising addition to the portfolio of NFC solutions that could potentially accelerate market growth.”

Tenders Due for TSM Platform Planned by Taiwanese Banking Joint Venture

NFC Times Exclusive: Tenders are due tomorrow from vendors in response to a request for proposal for Taiwan’s second planned centralized trusted service management platform–this one from Taiwanese banking groups, which formed a mobile-payments joint venture late last month.

Former Safran Morpho e-Documents No. 2 Named CEO of Contactless Vendor ASK

Former Safran Morpho e-Documents’ No. 2 man Julien Zuccarelli has been named CEO of France-based ASK, as the contactless vendor continues its turnaround and expansion efforts.