EANS-News: Identive Group Inc.
IDENTIVE INTRODUCES INNOVATIVE PAYMENT TAG FOR
MOBILE PHONES
22.05.2012 – 09:29
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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