Identive's Cashless Payment System Expands Into New Markets
SANTA ANA, Calif. and ISMANING, Germany, Aug. 20, 2012 (GLOBE NEWSWIRE) -- Identive Group, Inc. (INVE), a provider of products and services for the identification, security and RFID industries (Nasdaq:INVE) (Frankfurt:INV), announced today that use of its cashless payment system for concessions is expanding this summer to music festivals in Europe and the Rat Verlegh Stadium in Breda, The Netherlands. This latest milestone follows Identive's successful launch of tomPAY" contactless payment technology at large hospitality events during the 2012 London Olympics:
Identive offers its concession-focused cashless payment system through its payment solution subsidiary, which provides RFID-based contactless cards and readers, software, equipment, installation management and transaction services that enable visitors to experience short wait times for purchases at concerts and sporting events across Europe.
Rat Verlegh Stadium in Breda is home to the Dutch first league soccer club, NAC Breda, and implemented Identive's cashless payment solution in order to speed payment transactions for visitors at the 19,000-capacity venue. This is the 14th stadium to use Identive's card-based cashless payment solution and the first in Holland. The cashless payment system is sized to include 60 cash registers and 16 handheld terminals and will run on payment solution's transaction management software. In order to make each transaction as swift and efficient as possible, drinks or snacks can only be purchased using Identive's contactless cash cards. Visitors can purchase or top up cards with cash value at various stations within the stadium. payment solution also is providing data hosting and clearing processes for transactions made at the stadium through its own data center in Hamburg, Germany. The new cashless payment system was introduced to soccer fans during NAC Breda's first home match of the season against FC Twente Enschede on August 18, 2012.
payment solution also provided cashless payment systems for visitors at three popular music festivals in Europe this summer, which allowed guests to purchase food, drinks and festival merchandise using colorful wristbands equipped with RFID chips. The wristbands also acted as return access passes, allowing visitors to enjoy the festivals for multiple days without having to wait in long entry lines. Festivals using the cashless payment system included Openair St. Gallen, held June 28 July 1 in St. Gallen, Switzerland; Gurtenfestival, held July 12 15 in Bern, Switzerland; and Slottsfjell, held July 19 - 22 in Tønsberg, Norway.
"Rat Verlegh Stadium decided to replace its coin-based processes with our cashless system in order to improve the overall experience for soccer fans and concert visitors while at the same time increasing concession volume and revenue," said Sascha Busse of payment solution. "We are pleased to expand our innovative payment system to The Netherlands with our new stadium deployment in Breda, and to gain a foothold in the emerging festival market."
Identive Group, Inc. (Frankfurt:INV) is focused on building the world's signature company in Secure ID. The company's products, software, systems and services address the markets for identity management, physical and logical access control, cashless payment, NFC solutions and a host of RFID-enabled applications for customers in the government, enterprise, consumer, education and healthcare sectors. Identive's mission is to build a lasting business of scale and technology based on a combination of strong technology-driven organic growth and disciplined acquisitive expansion. The company delivers up-to-date information on its activity as well as industry trends through its industry-leading social media initiatives and educational resource, AskIdentive.com. For additional information, please visit www.identive-group.com or follow on Twitter at @IdentiveGroup.
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About payment solution
payment solution, a subsidiary of Identive Group, Inc. (Frankfurt:INV), provides complete and truly integrated payment solutions for stadiums, arenas, theme parks and other venues for leisure and entertainment. Using multi-functional customer cards based on RFID contactless chip technology and comprehensive management software, the system ensures the seamless interaction of all relevant components such as ticketing, access, point-of-sale and parking. Through increased convenience for guests and visitors, faster transactions and enhanced marketing options, payment solution customers enjoy higher revenue and profit.
CONTACT: payment solution: Frederik Herr, + 49 (0) 40 24 42 41 3-14 Frederik.Herr@paymentsolution.biz Identive: Darby Dye, +1 949 553-4251 email@example.com Lennart Streibel, +49 (0) 89 9595-5195 firstname.lastname@example.org