EANS-News: Identive Group Inc. / Multicard rolls out Cashless Betalen™ mobile
payment solution across Holland
Geschrieben am 27-10-2011 |   
 
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  Corporate news transmitted by euro adhoc. The issuer/originator is solely 
  responsible for the content of this announcement. 
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Marketing 
 
Oud-Beijerland, The Netherlands - October 27, 2011 (euro adhoc) -  
Multicard, a leading supplier of credential solutions, identity  
management and system integration services and a business unit of  
Identive Group, Inc. (NASDAQ: INVE, Frankfurt: INV), today announced  
the expanded roll-out of its Cashless Betalen ™ mobile payment  
solution across Holland. Cashless Betalen is the account management  
application behind the digital wallet offered by Rabobank, one of the 
leading banks in the Netherlands. 
 
Multicard´s Cashless Betalen allows users to manage their accounts  
easily and use their mobile devices to perform actions such as  
checking account balances, transferring funds and depositing,  
monitoring and making payments.  The Cashless Betalen interface can  
be securely accessed with any Internet connection via computer or  
mobile device.  Currently, Multicard also offers apps for Apple and  
Android phones. In addition, Multicard is providing digital wallet  
customers with secure near field communications (NFC) tokens that  
enable mobile phones and other devices to be used to make cashless  
payments.  The NFC tokens take the form of stickers that are affixed  
to the back of a mobile phone or other device and incorporate strong  
encryption and the user´s digital wallet account number. To purchase  
items, the user simply taps the sticker to the spot indicated on the  
point of sale (POS) terminal at check out. The transaction is quick  
and secure. Consumers can purchase the NFC stickers or other payment  
tokens through Multicard´s Cashless Betalen online market. 
 
Pieter Kooistra, managing director of Multicard Netherlands,  
explained, "We are very pleased with the result of our initial  
roll-out to Dutch hockey clubs in July, with more than 50 locations  
accepting Cashless Betalen and over 150,000 people now using the  
digital wallet.  Interest in Cashless Betalen has spread to other  
sports and event organizations, the food and beverage industry and  
the wider market. With this nationwide roll-out of Cashless Betalen,  
we are now offering the service to the entire population. Cashless  
Betalen is an easy, convenient way for anyone to pay securely." 
 
Multicard is marketing Cashless Betalen to merchants, retail centers  
and other organizations that provide retail services to customers and 
would benefit from the ability to complete customer transactions more 
quickly. This includes supermarket, restaurant and retail chains, as  
well as universities, hospitals, large corporations and sports  
stadiums - all of which require customers to pay for parking, food  
and retail items. Because of the high engagement in youth and  
professional sports in Holland and the accompanying retail activities 
of local and national sports associations, hockey and soccer clubs  
are also an important target for the Cashless Betalen roll-out. For  
the youth market, Multicard has created payment tokens in the form of 
colorful wristbands and whimsical rubber creatures. 
 
Multicard is working with Rabobank´s 145 branch offices in the  
Netherlands to share marketing information and to provide training on 
making mobile payments with Cashless Betalen. Through this effort,  
Rabobank offices are forming their own promotion teams and presenting 
Cashless Betalen to local merchants, sports clubs and other  
organizations. 
 
To address retail transactions in hospitals, universities, corporate  
cafeterias and other environments, Multicard has signed up 15 of the  
largest food service providers in the Netherlands, who collectively  
cover 80% of the market. 
 
All merchants use specialized systems to perform and record their  
retail transactions, and Multicard is working with Holland´s major  
cash register and POS terminal suppliers to ensure that their systems 
are ready to accept payments made through Cashless Betalen. 
 
"We are very excited about Cashless Betalen and its implications for  
both consumers and merchants. If widely adopted in Holland, we  
believe that Cashless Betalen would represent the largest digital  
wallet community outside Japan in the near term," continued Kooistra. 
"The ability to make secure cashless payments using your phone offers 
convenience for consumers and provides merchants with new and more  
economic ways to attract and connect with customers. After payment,  
loyalty applications are a natural extension for Cashless Betalen,  
and we expect that this will add further value." 
 
Note Regarding Forward Looking Information: This press release  
contains forward-looking statements within the meaning of Section 27A 
of the Securities Act of 1933, as amended, and Section 21E of the  
Securities Exchange Act of 1934, as amended. Forward-looking  
statements can be identified by words such as "anticipates,"  
"believes," "plans," "will," "intends," "expects," and similar  
references to the future, including statements regarding expected  
growth in the market for Cashless Betalen. Readers should not unduly  
rely on these forward-looking statements as they are qualified by  
important factors that could cause actual results to differ from  
those reflected by such forward-looking statements. These factors  
include our ability to successfully market our products and other  
risks and uncertainties related to our business as detailed in our  
Annual Report on Form 10-K for the year ended December 31, 2010 and  
subsequent reports filed with the U.S. Securities and Exchange  
Commission. 
 
About Multicard: Multicard, a business unit of Identive Group, Inc.  
(NASDAQ: INVE; Frankfurt: INV), is a worldwide supplier of card  
solutions for secure identification programs, with in-house  
capabilities for credential issuance, personalization and fulfillment 
services for the consumer, government, education, healthcare and  
corporate markets. Multicard offers ID systems management and  
engineering services as well as full implementation and program  
management. Multicard also is a provider of enrollment, emergency  
management and accreditation solutions using data capture equipment  
for ePassport and other government ID and corporate ID applications.  
For additional information, visit www.multicard.com. 
 
Identive Group, Inc. is a leading provider of products, services and  
solutions for the security, identification and RFID industries. For  
more information, please visit www.identive-group.com. 
 
Note: Cashless Betalen is a trademark of Multicard. All other trade  
names are trademarks or registered trademarks of their respective  
holders. 
 
Further inquiry note: 
Frau Annika Oelsner 
Tel.: +49 89 9595-5220 
E-Mail: aoelsner@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: Nasdaq: New York, free trade: Berlin, Hamburg, Stuttgart, 
             Düsseldorf, München, Open Market / Entry Standard: Frankfurt 
language:   English
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- EANS-News: Identive Group Inc. / Mobile Bezahllösung Cashless Betalen™ von
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