News and insight into biometric identification and authentication

Companiesandmarkets.com reports on smart card future

Tuesday, August 12, 2008

Companiesandmarkets.com has recently compiled a new report on the global future of the smart card market detailing the futures specifically in the U.S., Canada, Brazil, Russia, France, India, China, South Korea, South Africa and the UK. The report details the global as well as country-specific smart card markets.


The report found that the telecom industry has the highest demand for smart cards with South Africa showing the largest potential. Asian countries also show much potential for growth, however, are currently deterred by high implementation costs. Additionally, it is believed that the expansion of smart card applications will drive the future market; specifically in the mobile device, banking and biometrics markets.

The research goes on to address a number of additional issues and questions about the future of the market including identifying and analyzing the key companies involved in the industry and looking at potential challenges and opportunities that lie ahead. [end] 

The December meeting of the influential Government Smart Card Interagency Advisory Board (IAB) was recently held in Washington D.C. FIPS201.com was on hand to cover the event and has provided, as a service to the IAB and the smart card community, an audio recording of the presentations. Click on the link below to access a list of audio and accompanying PowerPoint slides (in pdf format).

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The board of directors for Lumidigm announced the appointment of Mark Shermetaro, a member of the board, to chief executive officer of the company with current CEO and chairman Bob Harbour moving to the position of executive chairman of the board of directors.

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The Asia Pacific region is one of the largest users of smart cards, so much that it now leads the world in using the cards to pay for travel, reports iTWire.

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India’s Bangalore University will soon launch a smart card-based ID for its students and faculty, reports Daily News & Analysis.

The e-ID will function as an identification and debit card. The university plans to add functions to enable hall tickets, attendance records, report cards and degree certificates.

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Using smart phones for online banking and shopping has been promoted as the next big thing, but adoption has been slow, partly due to the fact that smart phones have security issues. Scientific American reports that this might change with the development of quantum cryptography.

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The European Association for Biometrics (EAB) is focusing on a goal of driving the research and development of biometrics and building the future of the industry around a concern for end-user privacy protection.

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