Skip to main content

World Card Summit: 'Significant opportunities and challenges,' says G&D

Speaking on cloud-based security and mobility at this year’s World Card Summit Axel Deininger, Giesecke & Devrient’s President and Head of Secure Devices Division, said that the already large number of ‘Card not Present’ transactions offer security solution providers significant opportunities and challenges. But, he added, solutions for data encryption can in many cases be derived from existing portfolios – the key is providing both access and secure end-to-end solutions.
November 20, 2013 Read time: 2 mins
Speaking on cloud-based security and mobility at this year’s World Card Summit Axel Deininger, Giesecke & Devrient’s President and Head of Secure Devices Division, said that the already large number of ‘Card not Present’ transactions offer security solution providers significant opportunities and challenges. But, he added, solutions for data encryption can in many cases be derived from existing portfolios – the key is providing both access and secure end-to-end solutions.

The enterprise security market is growing massively, noted Gemalto’s CEO Olivier Piou. Mobile phones and tablets are the principle drivers however the cloud creates particular challenges because of the proliferation of solutions. Multi-factor ID has progressed but needs to progress further, said Stephan Hofschen, CEO of Infineon Technologies’s Chip Card Division; some form of standardised access is needed and Piou noted that One-Time Password technology is relatively easy to deploy.

Steve Owen, SVP of Identification Sales at NXP Semiconductors, observed that on the consumer side organisations such as Google are pushing more security-related features. “But,” he added, “in the same way that many people only buy a burglar alarm once they’ve been burgled, we need to make people realise the security threat before something happens.”

Related Content

  • Mega trends will challenge transport technology
    June 5, 2015
    Jon Masters investigates some of the longer term trends that will shape transportation over the next 20 years. Business analysts and investors have already placed their bets on a future of technological smart mobility services. In December last year, the Wall Street Journal reported that Uber, the on-demand taxi and lift share smartphone app and start-up business, had been valued at $41.2 billion which, as the Journal reported, is an incredible vote of confidence for a company only five years old.
  • NXP maintains pole position within the ticketing market
    August 14, 2012
    Despite competition clearly increasing within the contactless ticketing market, NXP maintains a dominant foothold, through its line of MiFare solutions, according to ABI Research which says the company achieved a combined market share in excess of 70 per cent for 2011 smart card and RFID ticketing IC shipments. The OSPT continues its quest in penetrating the market with CiPurse product and has certainly had a successful 2012, completing pilots and trials worldwide, leading to two on-going commercial deploym
  • ‘Shining moment of opportunity for tolling’
    May 5, 2021
    Climate change is already affecting tolling operations in many parts of the world. IBTTA’s Bill Cramer explains how the sector can be seen as a proven funding and financing mechanism for surface transportation
  • Smart phones offer smarter way to pay for travel
    December 16, 2013
    David Crawford reviews developments in near field communications for mass transit payments. ‘A carefully-designed and well-implemented mobile near field communications (NFC) solutions can give passengers a compelling experience that will encourage them to make greater use of public transport.’ That was the confident conclusion of a recent joint White Paper drawn up by the International Association of Public Transport and the global mobile operators’ representative group GSMA.