Multicard received first order for delivery of e-payment labels to Rabobank employees for contactless electronic payment
Oud-Beijerland, the Netherlands - August 19, 2010
Multicard, a business unit of Identive Group,
Inc. (NASDAQ: INVE, FSE: INV), today announced that it
has been selected by Rabobank to provide personalization
and fulfillment services for the Dutch bank's latest
application of its MiniTix cashless e-payment solution. ulticard will manage product delivery, encoding and
customer support for a program that allows Rabobank's
employees to make cashless payments using the e-paymentlabels
on their mobile phones.
Rabobank's MiniTix solution
provides a more convenient alternative to the "chipknip"
electronic cash system currently used throughout the Netherlands. Like chipknip, MiniTix is intended for small retail payments
where credit card fees do not make economic sense. The
MiniTix virtual wallet can be managed over the Internet
rather than having to be loaded with value at special
banking terminals, and payments can be made using a mobile phone or a
contactless token such as a key fob or wristband.
Rabobank is allowing its employees to use their MiniTix accounts
to make purchases at canteens and cafeterias in the workplace.
Over time the bank plans to sign up additional merchants
and facilities such as football stadiums to participate
in the program, at which time employees will be able to
use their existing phone stickers or a more portable RFID token to pay for
food, beverages, event programs and the like.
is taking the lead in introducing some of Europe's most innovative
schemes for contactless and mobile payments. We are very pleased
to once again work with Rabobank to bring the convenience
and security of MiniTix to Rabobank employees," said
Pieter Kooistra, chief executive officer of Multicard NL.