Online and Digital Identification, Securing Web 2.0, PKI and Digital Certificates

Gemalto in talks to buy XIRING banking business

Monday, November 23, 2009

Gemalto is in talks with XIRING, a provider of smart card-based authentication solutions for e-banking and e-commerce, announced that they have entered into exclusive negotiations with the objective to complete the acquisition by Gemalto of the XIRING banking activity.


The proposed transaction concerns all of the current activities of the banking business unit of XIRING, with all the associated products, IP and technologies, as dedicated to EMV-based strong authentication solutions for e-banking and e-commerce. 


The transaction is expected to be completed by year end. Upon completion of the transaction, XIRING would continue to operate in its non-banking activities independently from Gemalto. 
The two companies will not comment on the proposed transaction terms until the achievement of negotiation and legal processes and signature of a final contract.
 [end] 

Related Articles
Gemalto et al bring NFC to Thailand

Gemalto today announced it will provide its Trusted Services Management service to support the launch of NFC applications in Thailand.

Gemalto is partnering with KASIKORNBANK, the country’s second largest bank, and with Advanced Info Services, the nation’s largest telecommunications operator, to provide NFC services to Thai consumers such as touch-and-go mobile payment.

read more »
Gemalto chosen for Home Trust EMV card implementation project

The Canadian Visa vendor Home Trust has selected Gemalto to manage its migration to EMV smart payment cards. Up until now the company has supplied only magnetic strip payment cards. With the support of Gemalto, Home Trust will begin issuing the new cards through pilot programs in Ontario.

read more »
Gemalto buys XIRING's banking group for $29 million

Gemalto and XIRING, a security solutions provider for remote transactions, announced that they have completed exclusive negotiations and signed a binding contract related to the acquisition by Gemalto of the XIRING banking activity for more than $20 million. 


read more »
Mexican Bank taps Gemalto for bank cards

Banco Del Bajio, a financial institution based in Mexico, has selected Gemalto to implement the Allynis Instant Artwork solution. Banco Del Baijo provides service primarily to the small to medium enterprise and agricultural sector. The use of the Gemalto product will enable the bank to order small quantities of smart payment cards with a unique artwork design, extending services to the secure EMV bank cards program.

read more »
Gemalto solution introduces picture card programs to Austrian bank

The RZB (Raiffeisen Zentralbank Österreich) of the Raiffeisen Banking Group out of Austria has recently adopted Gemalto security solutions for their customized payment card designs. Gemalto’s Web-based technology enables users to customize their EMV payment card with a picture of their own choice making it the first picture card program in Austria’s banking community.

read more »
Citi's U.S. head of online and mobile banking resigns

Liza Landsman has resigned as Citigroup’s U.S. head of online and mobile banking after only a year of directing its consumer internet and mobile division, according to finextra.com.

read more »

Copyright © 2010, AVISIAN, Inc. All rights reserved.