EANS-News: Identive Group Inc. IDENTIVE INTRODUCES INNOVATIVE PAYMENT TAG FOR
MOBILE PHONES
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Marketing
Subtitle: Patent-pending peel & stick RFID tag enables contactless payments on
current generation smartphones
Technology utilizes standard card production processes
SAN FRANCISCO, Calif., May 22, 2012 (euro adhoc) - Identive Group, Inc. (NASDAQ:
INVE; Frankfurt: INV), a provider of products and services for the
identification, security and RFID industries, today announced tomPAY, an
innovative radio frequency identification (RFID) peel & stick tag that allows
payment card manufacturers to offer contactless payment capabilities using
consumers' existing mobile devices. The new tag is being showcased at the NFC
Solutions Summit, a conference and exhibit of the latest developments in NFC
technology being held May 22-24 in Burlingame, California.
Based on Identive's patent-pending tom® (tag on metal) smart inlay technology,
tomPAY features a unique peel and stick form factor that allows it to be
manufactured using the same processes as an ISO PVC card, and then popped out of
the card and affixed to a mobile phone. When placed on a phone, tomPAY enables
contactless mobile payments in compliance with MasterCard® PayPass
specifications and also can be used for loyalty or other schemes. Additionally,
tomPAY can be adapted to support EMV-compliant (SDA/DDA) chips, opening new
opportunities for card makers and issuers to provide their customers with an
EMV-enabled tap-and-go experience.
"Identive's strong roots in both security and RFID technologies give us
particular insight into the needs of the payment industry and the addition of
this market-first offering underscores our focus on mobile payment solutions. We
are gratified that our tomPAY solution has been tested and accepted by a major
card issuer in Europe and look forward to the deployment of the tags to their
customers in the coming months," said Dr. Manfred Mueller, COO of Identification
Products for Identive. "Over the next few years there is a significant
opportunity for payment solutions that bridge existing phones with the coming
wave of NFC-enabled devices, and with a strong portfolio of NFC offerings,
Identive is positioned to address the market at every point along the way."
Identive developed its tag on metal technology to overcome the issues inherent
to RFID performance, which can be adversely affected by exposure to metal, such
as the components of mobile phones. The tomPAY product incorporates high-end
smart card ICs from numerous contactless chip manufacturers suitable for both
open and private payment schemes, transport ticketing and loyalty applications.
tomPAY are compatible with standard contactless smart card manufacturing
processes including lamination and card punching. As with standard ISO PVC
cards, the pop-out tags can be fully printed and personalized in the standard
issuance process.
The tomPAY tags work well in both on-phone and in-air scenarios and utilize a
strong adhesive backing that adheres to most popular mobile phone brands.
tomPAY peel & stick tags are available now.
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: tom is a registered trademark and tomPAY is a trademark of Identive Group,
Inc. All other trademarks are the property of their respective owners.
Further inquiry note:
Mr. Lennart Streibel
Tel.: +49 89 9595-5195
E-Mail: 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