Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
Keycorp Limited (ASX:KYC) has partnered with Colorado-based CPI Card Group to manufacture MasterCard’s PayPass contactless cards for Banamex Financial Group. The issued cards will be introduced into McDonald’s fast food outlets throughout Monterrey, Mexico.
MasterCard PayPass provides consumers with an
alternative to cash for everyday small purchases. Consumers tap their
PayPass-enabled card or device on a specially equipped merchant
terminal. Signatures are not required for PayPass purchases.
The contactless card, manufactured by CPI, will use the dual interface
chip with the MULTOS operating system developed by Keycorp and will be
the first PayPass EMV card issued in Latin America.
“Everyday we use cash for low amount transactions; with this technology
we expect to penetrate more on this segment, complementing the actual
benefits of our cards and maintaining high security levels,” said
Antonio Perdomo, Credit Cards Director at Banamex.
Benoit Guez, Vice President of Smart Cards and International Sales at
CPI Card Group said, “CPI is happy to use our extensive experience in
the contactless card industry in partnership with such an issuer as
Banamex. We are honoured to have been selected by Banamex for its pilot
program using the Keycorp technology.”
David Bass
| For the fourth year in a row, IDC has placed content security provider Websense (NASDAQ: WBSN) at the top of the IDC Worldwide Web Security 2011 –…
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