IdenTrust acquired, Datacard opens Hong Kong hub
23 January, 2014
category: Contactless, Corporate, Digital ID, Financial, Smart Cards
HID buys IdenTrust
HID Global announced the acquisition of IdenTrust Inc., a provider of solutions for interoperable digital identities that can authenticate, encrypt, and create electronic signatures for every type of transaction or activity where proof of identity is essential. The acquisition expands HID Global’s ability to provide secure identity solutions to governments, corporations and financial institutions.
IdenTrust is a supplier of digital identities for the Department of Defense’s External Certification Authority program and the General Services Administration’s Access Certificates for Electronic Services program, and it provides identity management solutions for more than twenty of the world’s largest financial institutions. In the United Kingdom, IdenTrust digital certificates secure more than six billion payment transactions annually, with an aggregate value exceeding $7 trillion.
Dual-interface smart card shipments to surge
The Target credit card breach is set to generate a boom in demand for higher-security, dual-interface cards, with U.S. shipments forecast to surge twentyfold from 2013 to 2018, according to a new report from IHS Technology.
Shipments of the higher-security cards to U.S. consumers will grow from 12.6 million in 2013 to 251.2 million by 2018, according to the report “Payment and Banking Cards–World–2013.”
An estimated 40 million credit card records and 70 million other records were stolen from Target customers during the 2013 holiday season, representing one of the largest credit card breaches in history.
EMV payment technology offers consumers greater protection against fraud than traditional magnetic stripe cards, which may require processing of only the card number and validity dates. While EMV cards are widely used around the world, they represent only a tiny fraction of the 1.3 billion payment and banking cards in circulation in the U.S.
Datacard opens logistics hub in Hong Kong
Datacard Group announced the opening of its new Logistics Hub and Distribution Center located in Hong Kong, China.
The distribution center will serve Datacard Group’s customers and partners throughout the region, as well as reduce the order-to-delivery times for desktop card printers, warranty spare and replacement parts, and supplies from five to 10 days to one to three days depending on location.
Through the establishment of the Distribution Center in Hong Kong, Datacard Group will be able to confirm orders and respond to shipment status inquiries within local working hours, without having to bridge the gap between time zones.
