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Rediff.com  » Business » This is the future of smart technology...

This is the future of smart technology...

April 03, 2012 17:55 IST

Your mobile phone is now a versatile, multi-purpose device. Using the latest smart technology - your smartphone can serve as an office access card, you can use it to pay for meals and it can also be used as a boarding pass at selected airports.

Such innovations and applications are some of the many highlights you can expect at this year's Cards & Payments Asia 2012, the region's largest and most-established smart technologies exhibition.

The 17th edition of Cards & Payments Asia 2012 and its seven co-located events will open in Singapore from April 25 to 27, 2012.

This three-day mega event will showcase highly anticipated new technologies in payments, Near Field Communication (NFC), digital identification, RFID and retail together with the entire spectrum of smart technology initiatives.

HID Global, one of the 200 international exhibitors at this event, will be displaying its iCLASS® SIO-enabled (iCLASS SE™) reader and credential platform. This new access control platform extends physical access control beyond traditional smart cards, which will enable digital credentials to be embedded in smartphones for identity authentication.

Such enhanced technology can also accommodate the constantly evolving security levels via simple firmware updates.

"With the innovations for mobile access and increasing deployment of NFC devices, our daily lives will be brought to a whole new level of convenience," said Lee Wei Jin, director of sales, ASEAN, identity and access management, HID Global."

Global NFC application revenue is expected to reach $10.6 billion in 2012, according to a report by business intelligence company, Visiongain.

M2CASH, a diamond sponsor and exhibitor will be rolling out its cutting-edge money transfer system at cards and payments Asia 2012.

Built with Virtual Card Technology, users can adopt this system flexibly even without a bank account or an ATM card.

Electronic ID verification of both the sender and receiver can be done in just 7 seconds and M2CASH is the only system globally able to perform this integral security check.

This system will be available on the web as well as mobile platforms such as iOS, ANDROID, Windows Mobile and Blackberry to enable 60-second transactions on-the-go.

Richard Ireland, chief executive of Terrapinn Asia Pacific said, "Cards and Payments Asia 2012 is the converging platform for the governments, retail, telecommunications and banking industries through smart technology innovations.

The technologies showcased will revolutionise lifestyles in every aspect, such as security and identification, and will also drive service, growth and business opportunities for many organisations across Asia. This is an event for all stakeholders to attend if they want to stay ahead of the competition."

Cards and Payments Asia 2012 will also be hosting the inaugural Smart Card Awards Asia, which recognises industry leaders for setting great standards of excellence.