RFID News Roundup

Turkey’s GarantiBank issues contactless credit card; Idesco unveils EPC Gen 2 reader with long read range; new RFID tag factory to open in India; SmarTrac buys Sokymat Automotive; Aethon raises $14 million in funding round; Sirit management to invest in company.

Industry Group Turns Attention to NFC & Mobile Payments

The Smart Card Alliance formed the Contactless and Mobile Payments Council to facilitate adoption of near field communication (NFC) contactless payment services. The council will focus on education and research. There are 120 inaugural members, including representatives from credit card companies, other financial institutions, technology developers and NFC users.