Overseas firms gearing into the Australian market for 3 reasons, all of them close at hand. Access Card, bank issued smart cards and 3G mobile payment (read NFC enabled phones). I would suggest that Keycorp is a key player in all of these markets and has been making comments indicating so for a while now. The latest indications are that it is the key software developer for the Mastercard Paypass platform which is the leading edge in contactless technologies.
"Gemalto Buys out Leigh Mardon Interest in Australian Joint Venture Source : La Société Actualité du 21/02/07 à 09:08 Acquisition in line with Gemalto digital security strategy
Singapore, February 21, 2007 - Gemalto (Euronext NL0000400653 GTO), a world leader in digital security, today announced that it has completed the purchase from Leigh Mardon Group Pty Ltd of its 50% interest in LM Gemplus Pty Ltd, ...
“We believe this transaction will bring significant benefits to our Australian customers. With operators rolling out 3G services, we will be there to support them with an experienced team and our industry leading USIM cards & services” said Dr Martin McCourt, president Gemalto South Asia. “With the launch of the Government’s Access Card project, we are excited about the new opportunities in the Australian market”.
Leigh Mardon, Australia’s leading provider of conventional magstripe banking cards and secure printing/logistics solutions, will be launching smart banking cards in Australia this year in response to Australian and New Zealand Banks indicating their intentions to transition to EMV.
About Gemalto Gemalto (Euronext NL 0000400653 GTO) is a leader in digital security with pro forma 2006 annual revenues of €1.7 billion, operations in about 100 countries and more than 10,000 employees including 1,500 R&D engineers. "
KYC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
