Near Field Communications Handsets and Tags, NFC Pilots and Projects

Innovision, NXP announce joint NFC marketing agreement

Monday, May 18, 2009

UK-based Innovision Research and Technology and NXP Semiconductors have announced a joint marketing and licensing agreement relating to NFC. The deal brings together Innovision intellectual property, known as Gem, with NXP’s firmware, software and secure elements, such as the SmartMX.

NXP’s endorsement and licensing of Innovision’s property is expected to expand the company’s addressable market to include applications such as payments. [end] 

RBS-owned NatWest and Telifonica’s O2 have broken their partnership, calling into question the future of NFC payments in the UK, according to internetretailing.net.

Datamonitor analyst Giles Ubaghs says, “NatWest’s move away from its joint venture with O2 is likely due to the wider difficulties with government-owned RBS. With austerity becoming a growing concern in the public sector, NatWest’s focus on its core services is perhaps unsurprising.”

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eNational Payments, a provider of mobile and contactless electronic commerce and payment processing services, has a entered into a strategic partnership with Mocapay, enabling its merchants and retailers access to Mocapay’s secure mobile payments solution and mobile marketing engine to reach customers in real-time.

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Wireless chip maker Broadcom is buying out Innovision Research & Technology for $47.5 million, according to businessweek.com.

Broadcom has reportedly acquired the short-range data communications company specifically for its NFC products and technology.

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Broadcom has agreed to terms with the board of Innovision Research & Technology PLC to make an offer to acquire all shares of Innovision, a provider of NFC technology. Under the terms of the all-cash offer, Innovision shareholders will receive approximately $0.52 per share in cash, which represents a total equity value of approximately $47.5 million based on current exchange rates. Broadcom expects to close the acquisition of Innovision in the third quarter of 2010.  

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Innovision Research & Technology has made version two of its GEM NFC semiconductor technology available for licensing.

GEM 2 is designed to enable NFC devices and global NFC interoperability with existing and emerging standards for contactless payment, mass transit ticketing, access control and smart objects, including ISO/IEC 18092, 21481, 14443A&B, and 15693.

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HID Global and UPM Raflatac announced a worldwide technology license agreement that enables UPM Raflatac to incorporate HID Global’s tamper-proof and secure RFID sealing label technology and IP into their contactless product family.

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