EANS-News: Identive Group Inc. Identive's Cashless Betalen Mobile Payment
Solution Implemented at NXP Semiconductors
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Marketing
SANTA ANA, Calif. and ISMANING, Germany, December 21, 2012 (euro adhoc) -
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV), a provider of solutions and
services for the identification, security and RFID industries, today announced
that its Cashless Betalen mobile payment system has been implemented by NXP
Semiconductors (NASDAQ: NXPI) at its production facility in Nijmegen, The
Netherlands. The system currently allows up to 2,600 NXP employees to make
quick, secure micro-payments in the company's cafeteria with a tap of their
mobile phones. Since implementation of the system in early December, two of four
payment terminals in the café have been designated as 'fast lanes' that accept
Cashless Betalen.
Cashless Betalen is a cashless payment application used with the digital wallet
offered by Rabobank, one of Holland's leading banks. Identive provides the user
interface and account management software platform for the wallet. In addition,
a near field communication (NFC) sticker from Identive, based on MIFARE DESFire
EV1 chip technology from NXP, enables employees' phones to access and use the
Cashless Betalen system.
"We are pleased that Identive is using our MIFARE DESFire EV1 chip in the
Cashless Betalen NFC sticker. The MIFARE DESFire EV1 platform used in these
stickers is common criteria certified to ensure secure transactions, NFC Forum
Tag Type 4 compliant and field proven in many closed-loop micro-payment schemes
around the world. This is a win - win cooperation for both companies and
illustrates the positive relationship that NXP and Identive have built over the
last years," said Martin Gruber, general manager, MIFARE Product Line, NXP
Semiconductors.
A short video of Cashless Betalen in action at NXP Nijmegen is available on
Identive's website at
http://www.identive-group.com/en/index.php?option=com_k2&view=latest&layout=latest&Itemid=243.
Cashless Betalen also features a mobile app based on the iOS, Android and
Blackberry mobile operating systems that allows employees to check account
balances, transfer funds and monitor account activity using their smartphones;
account information is also available via the Internet. In addition to NXP, more
than 100 company canteens, high schools and international schools in The
Netherlands have now implemented Cashless Betalen.
"NXP is the co-inventor of NFC technology and the clear market leader in NFC
ICs, and mobile applications are an important area of market growth. NXP's
selection of Identive to provide their internal mobile payment solution is a
positive acknowledgment for us, both as a partner and as a technology leader in
our own right," said Pieter Kooistra, Managing Director of Identive B.V.
About Identive
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV) is focused on building the
world's signature company in Secure ID. The company's products, software,
systems and services address the markets for identity management, physical and
logical access control, cashless payment, NFC solutions and a host of
RFID-enabled applications for customers in the government, enterprise, consumer,
education and healthcare sectors. Identive's mission is to build a lasting
business of scale and technology based on a combination of strong
technology-driven organic growth and disciplined acquisitive expansion. The
company delivers up-to-date information on its activity as well as industry
trends through its industry-leading social media initiatives and educational
resource, AskIdentive.com. For additional information, please visit
www.identive-group.com or follow on Twitter at @IdentiveGroup.
Note: Identive, the Identive logo and Cashless Betalen are trademarks of
Identive Group, Inc, registered in many jurisdictions worldwide. All other
company, product or service names may be trademarks or registered trademarks of
others and are the property of their respective owners.
Further inquiry note:
Darby Dye, +1 949 553-4251, ddye@identive-group.com
Lennart Streibel, +49 89 9595-5195, lstreibel@identive-group.com
end of announcement euro adhoc
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company: Identive Group Inc.
Carnegie Ave., Bldg. B 1900
US-CA 92705 Santa Ana
phone: +1 949 553 4280
FAX: +49 89 9595-5555
mail: investorrelations@identive-group.com
WWW: http://www.identive-group.com
sector: Computing & Information Technology
ISIN: US45170X1063
indexes: NASDAQ
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
Nasdaq: New York, Open Market / Entry Standard: Frankfurt
language: English