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News For The Week Of July 14
Matrics Gets $20 Million in Funding
Airline Interest in RFID on the Rise
ABI: RFID Market Poised for Growth
RedPrairie Debuts RFID App Module
AmEx Expands RFID Payment Trial
FEATURED STORY
Using RFID Tags to Prevent Theft
OPINION
The Shelved Shelf
SPECIAL SPONSORED SECTION
Visibility, Efficiency and Logistics
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TOP NEWS
Matrics Gets $20 Million in Funding
Matrics announced that it has received $20 million in new funding. The Columbia, Md.-based RFID systems provider says it will use the money, part of a third round of financing, to expand into Europe and Asia and to bring a new high-speed antenna-attachment system to market.
Full Story
Airline Interest in RFID on the Rise
The US Transportation Security Administration estimates that the airline industry in the United States will have to spend about $5 billion over the next five to 10 years to upgrade baggage screening systems to comply with laws passed after the Sept. 11 terrorist attacks. Airlines see RFID as one technology that can help them comply with the new regulations, but they aren't ready to commit just yet to deploying the technology.
Full Story
ABI: RFID Market Poised for Growth
Allied Business Intelligence, a research firm based in Syosset, NY, projects the global RFID market to grow to more than $3.1 billion by 2008, from about $1.3 billion this year. Industries that will drive spending include consumer packaged goods and retail, automotive, military and homeland defense.
Full Story
RedPrairie Debuts RFID App Module
Logistics systems specialist RedPrairie has introduced the RFID Accelerator, a software module that lets companies running its DLx Warehouse product, as well as other packaged or legacy software, to add RFID capabilities to their systems. The module uses software agents to collect and verify RFID tag information, retrieve related inventory data and pass this combined information to retail customers in advance shipping notices.
Full Story
AmEx Expands RFID Payment Trial
American Express says it will extend a test of its ExpressPay RFID payment product to 4,000 users -- mostly AmEx employees -- and 175 merchants in the Phoenix area. The credit card company is also looking to expand the number of participants to upwards of 30,000 over the course of the six-month trial. Initial results of past trials have revealed customer spending increased by 20 to 30 percent when the key fob was used, and the transaction time was cut by 20 to 40 percent.
Full Story
FEATURED STORY
Using RFID Tags to Prevent Theft
RFID could dramatically reduce theft by employees and by shoplifters. But there are challenges in using RFID tags and readers for theft prevention. We explain what they are and show you how companies can combine RFID with other technologies, such as bar codes and GPS, to create an audit trail that makes it possible to pinpoint where shrinkage is occurring.
Paid Content
OPINION
The Shelved Shelf
Wal-Mart has pulled the plug on its smart shelf test in a Brockton, Mass., store. According to CNet, which broke the nonstory, this signals the end of the vision of using RFID in stores. RFID Journal Editor Mark Roberti begs to differ.
Full Story
SPECIAL SPONSORED SECTION
Visibility, Efficiency and Logistics
RFID, combined with telematics, can provide supply chain visibility, boost operational efficiency and give companies the flexibility to react on the fly to changes in demand. The only question is whether logistics companies will invest in the technology.
Full Story
Matrics Gets $20 Million in Funding
Matrics announced that it has received $20 million in new funding. The Columbia, Md.-based RFID systems provider says it will use the money, part of a third round of financing, to expand into Europe and Asia and to bring a new high-speed antenna-attachment system to market.
Full Story
Airline Interest in RFID on the Rise
The US Transportation Security Administration estimates that the airline industry in the United States will have to spend about $5 billion over the next five to 10 years to upgrade baggage screening systems to comply with laws passed after the Sept. 11 terrorist attacks. Airlines see RFID as one technology that can help them comply with the new regulations, but they aren't ready to commit just yet to deploying the technology.
Full Story
ABI: RFID Market Poised for Growth
Allied Business Intelligence, a research firm based in Syosset, NY, projects the global RFID market to grow to more than $3.1 billion by 2008, from about $1.3 billion this year. Industries that will drive spending include consumer packaged goods and retail, automotive, military and homeland defense.
Full Story
RedPrairie Debuts RFID App Module
Logistics systems specialist RedPrairie has introduced the RFID Accelerator, a software module that lets companies running its DLx Warehouse product, as well as other packaged or legacy software, to add RFID capabilities to their systems. The module uses software agents to collect and verify RFID tag information, retrieve related inventory data and pass this combined information to retail customers in advance shipping notices.
Full Story
AmEx Expands RFID Payment Trial
American Express says it will extend a test of its ExpressPay RFID payment product to 4,000 users -- mostly AmEx employees -- and 175 merchants in the Phoenix area. The credit card company is also looking to expand the number of participants to upwards of 30,000 over the course of the six-month trial. Initial results of past trials have revealed customer spending increased by 20 to 30 percent when the key fob was used, and the transaction time was cut by 20 to 40 percent.
Full Story
FEATURED STORY
Using RFID Tags to Prevent Theft
RFID could dramatically reduce theft by employees and by shoplifters. But there are challenges in using RFID tags and readers for theft prevention. We explain what they are and show you how companies can combine RFID with other technologies, such as bar codes and GPS, to create an audit trail that makes it possible to pinpoint where shrinkage is occurring.
Paid Content
OPINION
The Shelved Shelf
Wal-Mart has pulled the plug on its smart shelf test in a Brockton, Mass., store. According to CNet, which broke the nonstory, this signals the end of the vision of using RFID in stores. RFID Journal Editor Mark Roberti begs to differ.
Full Story
SPECIAL SPONSORED SECTION
Visibility, Efficiency and Logistics
RFID, combined with telematics, can provide supply chain visibility, boost operational efficiency and give companies the flexibility to react on the fly to changes in demand. The only question is whether logistics companies will invest in the technology.
Full Story
