Identive Group Inc. has announced a deal to acquire a majority stake in Hamburg, Germany-based payment solution AG, a cashless payment system provider for stadiums, arenas and other types of entertainment venues.
payment solution’s systems use contactless smart cards to enable faster payment methods at event sites. The systems incorporate payment management software, smart cards and reader and communication infrastructure. Clients may purchase either a turnkey solution or a multi-year contract where payment solution operates and maintains the system in return for a revenue share.


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MasterCard introduced a road map focused on advancing the U.S. electronic payments system. The map, which includes the path for migration from magnetic stripe to EMV technology available on chip cards, will serve as the foundation for the next generation of products and services.




