Near Field Communications Handsets and Tags, NFC Pilots and Projects

Zapa secures funding for its NFC products

Monday, July 6, 2009

Zapa Technology, a Dublin, Ireland company due to launch an NFC-like ZapaTag in the next few months, has received about $3.5 million in funding from venture capital firm Delta Partners.

The infusion of capital will allow Zapa, one of the first companies in Europe to make use of NFC, to roll out a number of applications.

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Revere Security, a wireless encryption solution provider, announced that it will co-chair the newly-formed DASH7 Alliance Security Working Group (SWG).

As the newest member of the DASH7 Alliance, Revere Security will focus on defining standards and interoperable security capabilities, as well as the most effective approaches to suit the varying memory, power and battery life requirements of wireless devices and network systems.

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The Southeastern Pennsylvania Transportation Authority (SEPTA) is applying for a $29.3 million TIGER II grant from the U.S. Department of Transportation to fund a contactless smart card fare system, according to progressiverailroading.com.

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EarthSearch Communications, East Coast Diversified Corporation’s RFID and GPS division announced launch of its latest product integrating RFID and GPS at the hardware level, called TrailerSeal.

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MarketsandMarkets has released a new report predicting that the value of mobile payment transactions in the US will reach $56 billion in 2015.

According to the report, “Mobile Payment - Advanced Technologies (NFC), Strategies And Future Of Remote & Proximity Payment In US,” the market for NFC mobile payment in the US is currently in its infancy, with an adoption rate of only 1.7%.

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Zapa Technology, an Irish manufacturer of contactless stickers for cell phones, has chosen Postilion, a UK-based provider of payments software solutions, as its core payments platform for its new mobile prepaid, loyalty and gift card processing services for European retailers.

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Bank of America will be testing NFC payments enabled through microSD cards, a spokesperson for the bank tells NFCNews.com. The program will begin in September and run through the end of the year in New York.

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