EANS-News: Identive Group Inc.
Multicard and Rabobank deploy Cashless Payment
Solution
Virtual wallet works with existing mobile phones
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Marketing
Subtitle: Virtual wallet works with existing mobile phones
Oud-Beijerland, the Netherlands - March 22, 2011 (euro adhoc) - Multicard, a leading supplier of credential solutions, identity management and system integration services and a business unit of Identive Group, Inc. (NASDAQ: INVE, Frankfurt: INV), today announced the roll-out of its mobile cashless payment solution with Rabobank, one of Netherland´s largest financial services companies. Rabobank selected Multicard to provide the e-payment stickers and related services that will enable users to make purchases using their current mobile phones, directly from a virtual wallet. Multicard and Rabobank have been working closely to fine tune the solution and now are deploying it to canteens and cafeterias within Rabobank´s national network of offices.
"The vision of having an electronic wallet and simply waiving your phone in front of a terminal to purchase goods and services has become real. Rabobank and Multicard are at the leading edge of this trend, already delivering a mobile payment solution that provides security and convenience and that works with existing mobile phones. Every day, more than 1,500 people are using the application to pay for lunch or make small purchases with their mobile phones," said Pieter Kooistra, Managing Director of Multicard Netherlands. "This virtual wallet can be accessed and managed over the Internet rather than having to be loaded with value at special banking terminals, and payments can be made using a mobile phone or a contactless token such as a key fob or wristband."
In addition to providing personalization and fulfillment services for the program, Multicard will provide mobile phone applications to transfer money, check balance and top-up money to the wallet, as well as handle management of all transactions, incorporating Rabobank´s MiniTix payment engine. Intended for small retail transactions, MiniTix can be used by virtually anyone, regardless of the user´s mobile operator or mobile phone brand. Rabobank currently is signing up additional merchants and facilities such as schools, cafés and sport venues to participate in the program, so that participants will be able to use their existing phone stickers to pay for food, beverages, event programs and the like.
About Multicard
Multicard, a business unit of Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV), is a worldwide supplier of card solutions for secure identification programs, with in-house capabilities for credential issuance, personalization and fulfillment for the consumer, government, education, healthcare, smart community and corporate markets. Multicard offers a complete open payment platform, ID systems management and engineering services as well as full implementation and program management. Multicard also is a provider of enrollment, emergency management and accreditation solutions using government or corporate IDs. For additional information, visit www.multicard.com.
Identive Group, Inc. is a leading provider of products, services and solutions for the security, identification and RFID industries. For more information, please visit www.identive-group.com.
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Contact:
Frau Annika Oelsner
Tel.: +49 89 9595-5220
E-Mail: investorrelations@identive-group.com
Branche: Computing & Information Technology
ISIN: US45170X1063
WKN: A1C0ZG
Index: NASDAQ
Börsen: Frankfurt / free trade/entry standard
New York / Nasdaq
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
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München / free trade