Topic “Identive”

Restructuring Expected to Continue Through 2014 for Identive

U.S.-based Identive Group, a supplier of NFC tags and ID equipment, reported continued business divestitures and hinted at the possibility of more job cuts, in reporting its first quarter earnings.

Financial Review: Publicly Traded NFC Vendors Show Mixed Results for 2013

NFC Times Exclusive: All publicly traded vendors across the NFC ecosystem have filed their year-end earnings reports, and the results show a mixed bag of promising sales for contactless and EMV technology, continued restructuring and expected challenges ahead with the advent of host-card emulation.

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.

Identive to Sell NFC Tagtrail Platform; Insists NFC Tags Remain Core to Its Business

Identive will sell its Tagtrail platform for tag campaign management, but the company says NFC tags remain a core part of its business.

Losses Continue for Identive in Q3, Though NFC a Bright Spot

Nov 14 2013

Identive Group showed higher revenue in the third quarter, thanks to a jump in NFC and RFID sales, but took a large impairment charge and will sell some “noncore assets,” as its share price continues to hover around historic lows.

Ashour Steps Down as Identive CEO; Company to Focus on Cloud-Based ID, but NFC Support Continues

Sep 9 2013

The board of U.S.-based Identive Group has replaced its CEO, signaling a new direction for the ID, reader and NFC tag supplier toward more authentication services and cloud-based technologies, especially targeting mobile devices. The vendor said it would support NFC for the authentication products or services as well as continued support for tags.

Identive Raises $7 million in Stock Placement; Seeks to Expand Tags, Bolster Balance Sheet

Identive Group’s losses narrowed in the second quarter, and the company recorded strong growth in sales of NFC tags, including tags for interactive toys for video games.

Tag Marketing Platforms Gain Momentum as More NFC-Enabled Smartphones Roll Out

By: 
Kiona Smith-Strickland

As NFC-enabled mobile devices reach the market in larger numbers, announcements of commercial-grade NFC-enabled advertising campaigns have also increased, demonstrating that the market for NFC-enabled marketing is beginning to materialize.

NFC Tag Shipments Continue to Grow Though Profits Remain Elusive for Identive

U.S.-based Identive Group reported an 81% year-over-year growth in transponder sales but a loss for the quarter overall, in preliminary second quarter results the vendor released Friday.

Identive Reports Growing NFC Business; Blames Flat Sales, Losses, on U.S. Budget Cuts

U.S.-based Identive Group reported growing NFC and smart card reader business, but fell back into the red during for the first quarter, a loss it largely blamed on U.S. federal government budget cuts.

HEADLINE NEWS

Smaller Slovakian Bus Agencies Support Virtual Cards in Google Pay

Two mid-tier bus operators in Slovakia are among the latest to enable their customers to tap virtual closed-loop transit cards in Google Pay to pay fares, using a provisioning service from NXP Semiconductors.

Case Study: BONNsmart Project Seeks to Introduce Open-Loop Payments to Cash-Loving Germany

SWB Bus and Bahn, the transit agency serving the city of Bonn, is the first such operator in Germany to accept contactless EMV payments.

Moovit Moves Forward to Enable Ticketing and Payments in App with More Transit Agencies

NFC TIMES Exclusive – Large trip-planning app provider Moovit has enabled customers of more than 50 mostly small transit agencies in the U.S. to buy mobile tickets it its app, with more agencies to come, the company confirmed to Mobility Payments.

Cubic: Recent MaaS Company Failures among Signs Pointing to Need for ‘MaaS 2.0’

There is little disputing the fact that mobility as a service has not yet lived up to its hype. And the industry’s largest automated fare collection system provider, Cubic Transportation Systems, said it believes that going forward, public transit services need to form the backbone of MaaS platforms, along with enabling more demand-responsive transport.

State of California Seeks to Change Way Transit Agencies Procure Fare Systems

As the California Department of Transportation, or Caltrans, sees it, the state’s more than 300 local transit agencies offer a fragmented and inefficient mix of fare collection systems–a fact it says discourages many potential riders among the state’s nearly 40 million residents from taking public transit.

Google Launches Ticketing in Maps after Delays; but Search Giant Says It has No Plans to Build MaaS App

Google has finally enabled users to initiate purchases of public transit tickets from its Maps app, following delays. Meanwhile, rival trip-planning app providers Moovit and Transit have been quietly moving forward with signing up most of the same small U.S. transit agencies to sell tickets in their apps.

Washington, D.C.’s, SmarTrip Latest Closed-Loop Fare Card Added to Pays Wallet

NFC TIMES Exclusive Insight – The Washington Metropolitan Area Transit Authority, or WMATA, as expected, has added its closed-loop fare card SmarTrip to Google Pay, following support by Apple Pay for the card last year.

Open-Loop Payments Trial at Small California Transit Agency Could Lead to More Rollouts in Giant State

NFC TIMES Exclusive Insight – California public bus agency Monterey-Salinas Transit on Tuesday officially launched a six-month “demonstration” project to pilot contactless open-loop payments. While the agency is very small, providing only around 3,500 rides per day last year, the launch holds much greater significance.

Cubic Announces Two More Small Transit Agencies Launching Umo, as Company Seeks to Broaden Market Reach

NFC TIMES Exclusive Insight – U.S.-based Cubic Transportation Systems has announced contracts with two more small U.S. transit agencies to move to Cubic’s Umo ticketing platform, as the large automated fare-collection system vendor seeks to broaden its market reach.

In-Depth: Transit Agency Sells Passes for Bikes and Buses through Trip-Planning App, though Cash Still Reigns

NFC TIMES Exclusive Insight – RTC of Southern Nevada, the main transit agency serving Las Vegas and the surrounding region, now enables customers to buy passes for bike share in addition to tickets for buses through the trip-planning Transit app. Although the implementation is relatively small, project backers say Las Vegas is the first U.S. city to launch bike share and transit passes in the same app.

Budding MaaS App Hits Milestone for Public Transit Tickets but Share of Total Rides Still Low

NFC TIMES Exclusive Insight – U.S.-based trip-planning app Transit announced it has enabled 500,000 rides from its app for a group of 13 small to mid-tier transit agencies based in the state of Ohio, though mobile ticketing still makes up a small percentage of total rides provided by the agencies.

Insight: Apple Pay Launch of Virtual Closed-Loop Virtual Clipper Card Follows Emerging Trend

NFC Times Exclusive Insight – Although the trend for transit agencies to support open-loop fare payments, including with Apple Pay, Google Pay and other Pays wallets, has continued unabated–even accelerated–during the pandemic, another trend is taking shape: That of agencies adding virtual versions of their closed-loop fare cards into the Pays wallets.