Contactless Smart Cards, RFID, Payment, Transit and Security

Watchdata takes home the Asian Sesame for its DBS Live Fresh 3-in-1 Visa entry

Thursday, March 18, 2010

Watchdata was recently declared the winner of the Asian Sesames Award with its DBS Live Fresh 3-in-1 Visa credit card entry. The Asian Sesames Award aims to reward those with the best application in the field of smart card technology, developed for the Asian-Pacific market.

In the 3-in-1 Visa, the DBS Live Fresh embodies three powerful technologies in Watchdata’s TimeCOS CeWave dual-interface technology, which is approved by Visa for Visa Smart Debit Credit and payWave.


It combines EMV security with the speed and convenience of Visa payWave, and transport services based on Singapore Standard for Contactless ePurse Application.

Consumers, who in the past needed two or more cards for various payment options, now only need one card. [end] 

Watchdata announced that its products have successfully passed certification standards for use by the Visa.

The TimeCOS-JV-S-T0-1 and the TimeCOS–JV–C–T0–1 are the two latest products by Watchdata to be certified by VISA and suitable for commercial use. The company’s expanded and upgraded sticker product, the Timecos/Fly TransWave v.10 has also passed standards for use by Visa.  

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Watchdata Technologies has recieved Level 2 FIPS 140-2 validation certificate to Watchdata for its WatchKey USB Token under the Cryptographic Module Validation Program (CMVP) by NIST and the Communication Security Establishment of Canada.

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Visa Europe has announced that NFC-enabled smart phones from Samsung, LG and Research In Motion have been certified for use with Visa payWave, Visa’s mobile application for payments at the point-of-sale.

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Visa has announced that more than 1 million EMV chip-enabled cards have been issued by U.S. financial institutions as of December 31, 2011.

Just 18 months ago there were no Visa-branded EMV chip cards issued in the U.S. according to Visa’s Stephanie Ericksen, who attributes the sudden growth to U.S. issuers accepting Visa’s EMV and mobile payments road map.

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Boston-based Revosys has announced that it will implement NFC payment processing in its upcoming “Interactive V5 In-Taxi” advertising system.

According to Revosys, the upgraded Interactive V5 will allow passengers to pay for fares with NFC-enabled mobile phones, contactless credit and debit cards, and traditional magnetic stripe cards.

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Visa and Imperial Parking Canada Corp. (Impark) are teaming up to offer Visa payWave contactless payments to 72 of its attended parking facilities across Canada.

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