EANS-News: Identive Group Inc. Identive Announces EMV Payment Certification
for Popular Mobile Smart Card Reader
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Marketing
Subtitle: SmartFold Receives EMVCo Level 1 Type Approval
SANTA ANA, Calif. and ISMANING, Germany, November 14, 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
that its SCR3500 SmartFold smart card reader has received EMVCo Level 1 Type
Approval, enabling its use for secure payment transactions in compliance with
the global standards known as Europay, Mastercard and Visa, or EMV, which have
been adopted by financial organizations across much of the world.
"At just 48x20X12 millimeters - smaller than a memory stick - the SmartFold
reader is already popular with business travelers and other mobile laptop users
for secure authentication or network logon. The reader's compliance to
international payment industry standards means that it now can be used with
consumers' bank and credit cards to create a secure connection for online
payments and banking. The SmartFold's compact size, light weight and high-speed
performance make it easy to add the layer of security we all know we need for
our online financial transactions, particularly when using mobile computers,"
said Dr. Manfred Mueller, executive vice president and COO Identification
Products for Identive.
EMVCo, LLC was formed in 1999 by Europay, MasterCard and Visa to manage,
maintain and enhance a set of global standards related to the interoperability
and acceptance of chip-based ("smart") cards used for payment. American Express,
Discover and JCB also adhere to EMV payment card standards. According to EMVCo,
more than 1.5 billion EMV credit and debit cards have been issued globally as of
the end of 2011, with EMV payment cards increasingly being adopted in the U.S.
EMVCo's Level 1 Type Approval process tests reader / terminal compliance with
the electromechanical characteristics, logical interface, and transmission
protocol requirements defined in the EMV specifications. Identive's SCR3500
SmartFold contact smart card reader also complies with USB CCID and ISO7816
industry standards.
The EMV-compliant SmartFold reader tucks easily into a pocket or attaches to a
keyring so mobile security is always conveniently within reach. The reader is
available now. More information is available here:
http://www.identive-infrastructure.com/en/products-solutions/smart-card-readers-a-terminals/smart-card-readers/scr3500.
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 SmartFold are trademarks of Identive
Group, Inc, registered in many jurisdictions worldwide. EMV is a trademark of
EMVCo, LLC. All other company, product or service names may be trademarks or
registered trademarks of others and are 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