News
Giesecke & Devrient Enlarges Footprint in Digital Banking
February 2016 by Marc Jacob
With its Digital Banking Services Convego Hub and Convego CloudPay, its consumer-centric services such as issuance and enrollment, its mobile application platform Convego AppWorld, and its digital identity services and authentication, Giesecke & Devrient (G&D) is one of the leading players in the market for digital banking.
The majority of Android handsets now support NFC (Near Field Communication) technology as do Apple’s latest flagship devices. NFC has finally been established as the de facto standard for contactless communication in mobile phones. HCE (Host Card Emulation), another technology supporting contactless payment, is mature and available in most mobile devices by now. Consequently, according to the figures published by the smart security industry association Eurosmart, the growth for contactless smart cards in 2015 was up 40% from 2014 with almost 500 million NFC units to be shipped. For 2016, Eurosmart forecasts another 20% growth, making it almost 600 million NFC units to be shipped.
