Pulse Electronics & STMicroelectronics Partner

Pulse Electronics Corporation electronic components and STMicroelectronics semiconductor manufacturers partnered on research testing the accuracy of current sensing in metering applications. The application note, “Current sensing in metering applications using a Pulse Electronics current sensor and ST metering devices,” having tested STMicroelectronics’ STPMxx metering devices using several different current sensors, found exceptional linearity over a wide current range. When used with STPMxx ICs, the accuracy of the meter is boosted, meeting the Class 0.2 S accuracy limits defined by the IEC 62053-22 meter standard for currents from 0.1 A to 200 A.

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Sensors and NFC Markets Growing Exponentially

According to the latest tracker from Databeans “Q3-2011 Sensors and MEMS” the sensors market is growing significantly faster than the overall semiconductor market. The sensor market is forecasted to have a 10% compound annual growth rate, with average unit prices decreasing by 1 percent over the same 5 year time frame. Contactless smart cards and NFC transceivers are also growing strong with an estimated compound annual growth rate of 20 percent. The two strongest market segments impacting the sensor industry are the consumer and the automotive industry. The revenue for sensors in the consumer market segment is forecasted to increase to $853 million by the end of 2012 and $203 million for the automotive segment respectively. There is also continuing its growth of electronic applications. The sensors market is experiencing an immediate push because of NHTSA regulations that mandate Electronic Stability Systems (ESC) and Tire Pressure Monitoring Systems (TPMS) for every new vehicle that rolls off the production line. Manufacturers should subsequently look for a strong push to include NFC chips to be on smart phones and tablets.

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GSA Reports Fabless Companies Funded in July 2011

The Global Semiconductor Alliance (GSA) released July statistics from its Global Semiconductor Funding, IPO and M&A update. In July, four semiconductor companies raised $81.6 million, down 46.8 percent from the $153.5 million raised in June 2011. However, the dollar amount total increased 92.9 percent from the $42.3 million raised in July 2010. The number of deals closed decreased by eight MoM and by three YoY. Meanwhile, fabless companies were the only semiconductor companies funded and two semiconductor companies filed for an initial public offering. The number of semiconductor mergers and acquisitions (M&As) announced increased by three MoM and one YoY.

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Sundrop’s m-Loyalty Integration Certified by Maitre’D

Sundrop Mobile has integrated its Mobile Loyalty solution for Maitre’D POS, now certified by POSERA Software. Merchants using the Matire’D POS system are now able to seamlessly deploy Sundrop’s solution and benefit from closed-loop mobile and social marketing services at the time of check-out. The Sundrop solution allows merchant to focus solely on collecting customers’ mobile numbers at the point of sale while letting Sundrop manage the remainder of the program: complete customer profile registration, social media connection, and reward distribution. Sundrop’s Mobile Loyalty is easy to use, operationally efficient, and cost-effective, allowing business owners to effortlessly build a complete customer database for outbound text, voice, email, and social media marketing.

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Cashzone and National Federation of Retail Partner

Cashzone independent ATM providers forged a partnership agreement with the National Federation of Retail Newsagents to provide its 16,500 members with both free-to-use and surcharging ATMs services. Cashzone will operate a dedicated NFRN Customer Service Centre, providing members who are considering or reviewing ATMs with viability and site surveys, footfall and revenue forecasts, competitor analysis and helpful consultancy on choosing fully managed or self-fill options. With an estate of over 6,000 cash machines across the UK, Cashzone is well placed to givve NFRN members the highest advocacy in key issues such as security of cash on-site, cash recycling (reducing bank charges), in-store spatial optimisation, footfall and related store spending forecasts.

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DIAS implements SmartVista domestic transaction processing

BPC Banking Technologies Open System e-payment solutions announced Interbanking Systems, Greece has implemented its “SmartSwitch” switching and routing solution within the SmartVista suite. The “SmartSwitch” legacy solution was selected after a competitive bid process including a number of other international software vendors and met DIAS’ demanding expectations for functionality, performance, scalability and low TCO. DIAS provides processing services to the great majority of Greek banks and has 20 clients running 7,400 ATMs throughout Greece, and supports and processes for a network of POS devices located across the 180 Ministry of Finance tax offices in Greece.

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Cielo Deploys NewNet Secure Payments Network

Cielo S.A. merchant acquirer and payment processor has selected NewNet’s “TraxcomSecure Total Control 1000” (TC1000) Secure Transaction Processing platform for the nationwide rollout of its next generation payments processing network. NewNet Communication Technologies secure transaction processing, mobile multimedia content delivery and wireless network infrastructure introduced its “TC1000” systems for deployment in multiple locations at each POP to meet the high capacity, throughput and performance requirements of Cielo’s network. This high-speed transaction network is designed to handle several billion transactions per year and will enable Cielo to further strengthen its leadership position in merchant acquiring and payment transaction processing.

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OTI Posts 1H/11 Revenue Down 4% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] On Track Innovations contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications posted its 1H/11 results, reflecting a total revenue of $26.7 million, a 4% decrease from the year ago figure of $27.8 million. With these results much better than expected, OTI’s Board of Directors has…

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CARDTRONICS TO ACQUIRE ACCESS TO MONEY

Cardtronics USA forged agreements to acquire Access to Money, stipulating it will acquire all of the outstanding shares of Access to Money for a cash payment of $0.285 per share and retire all of Access to Money’s outstanding indebtedness. The total cost to be paid at closing will be approximately $21.2 million. The companies expect an early fourth quarter completion date for the transaction. Access to Money provides ATM services to merchants and financial institutions, currently operating approximately 10,350 ATMs in the United States. This expands Cardtronics’ portfolio of merchant relationships to include Kangaroo Express convenience stores and coffee and doughnuts. Access to Money operates approximately 1,400 ATMs throughout 11 Southeastern states and at nearly 500 of the QSR franchisor’s U.S. locations, with the opportunity to expand further into its extensive network of franchisees. Additionally, Access to Money brings to the proposed merger a growing ATM services business focused on community banks and credit unions.

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Consumers Pay $75B More in Card Debit Than in ’04

The national credit card delinquency rate was down for the sixth consecutive quarter, dropping to 0.6% at the end of the second quarter in 2011 to the lowest mark in 17 years. The 2Q/11 data shows credit card delinquency rates improving by more than at any other time since the recovery began in 2009, both on a quarter-over-quarter basis (-18.9%) and on a year-over-year basis (-34.8%). The analysis found that consumers made an estimated $72 billion more in payments on their credit cards than purchases between the first quarters of 2009 and 2010, in contrast to five years prior when consumers made an estimated $2.1 billion more in purchases than payments for a nearly $75 billion turnaround in consumer payment dynamics from 2004 to 2009. TransUnion forecasts that credit card borrower delinquency rates will continue to drift downward for the remainder of 2011 as the economy continues its slow recovery and financial institutions maintain a conservative approach to underwriting, based on economic assumptions such as gross state product, consumer sentiment, disposable income, and interest rates.

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Western Union Expands Enhanced Walk-In Payment Service

Western Union global payment service is nationally expanding its enhanced walk-in bill payments service as a result of a successful regional test, extending to consumers a network of 10,000+ billers along with walk-in access to a network of Western Union Agent locations. The enhanced walk-in service gives consumers a valuable money management tool and control over their payments with a transaction process that is convenient, fast and easy to use. The service also delivers marketplace benefit to participating retailers, such as Kmart and Rite Aid, by giving consumers one more reason to come through the door and adding yet another valuable element to their one-stop shop experience.

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