IDNXT Card Blog

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June 3, 2016 - Visit from Mr. Gerrit Zalm, CEO, ABN AMRO

Mr. Gerrit Zalm, CEO of ABN AMRO, 3rd largest bank in the Netherlands, visits the ECONIC Hub in Eindhoven, NL.  Sheldon Xie, CEO, IDNXT, pitches the company's vision and discusses with Mr. Zalms the potential of powered smart cards.

February 16, 2016 - Market Research Indicates Huge Growth in Smart Cards Market

"Global Smart Cards Market Expected to Reach US$14.17 bn by 2023: Transparency Market Research" (Read more on PRNewsWire).

The smart card market is only getting stronger!

February 15, 2016 - LG Announces Mobile Payment + Smart Card Combination!

"LG officially announced that it will soon enter the mobile payments market with LG Pay. The Korean company said on Facebook that it has deals with two major credit card companies in the country — Shinhan Card and KB Kookmin Card — but did not mention a specific launch date for the service or details about how the system works." (Read more about LGPay on Digital Trends).

This is big news within the payments industry.  And this is exactly the model in which IDNXT and its business partners have been trying to prove.

December 27, 2015 - An Update on Fraud Concerns - What's Ahead in Online Fraud

"Even though card present credit card fraud [in the USA] will likely be on the decrease as the EMV rollout started in October 2015 continues, the new chip technology will not directly benefit online retailers and businesses... online retail fraud in the U.S. alone is expected to rise by 106 percent over the next three years..." (Read more on MobilePaymentsToday).

Fraud is growing. If everyone continues to use the same-old technology, it's going to be hacked and money will be lost.  In order to prevent this, we must continue with innovation and also utilize these innovated solutions.  IDNXT's Smart Cards can severely mitigate the problems found in online fraud by providing dynamic codes for online transactions (i.e. Dynamic CVC/CVV, Challenge/Response Processes as found in the EU and Asia).

February 6, 2015 - IDNXT Presents @ Startupbootcamp HighTechXL Demo Day

In late 2014, IDNXT was accepted into Startupbootcamp's acceleration/incubation program.  IDNXT presents at Startupbootcamp HighTechXL's Demo Day in the Evoluon to a crowd of more than 1000 people.  

(See Article from Het Financieel Dagblad on IDNXT here).

February 3, 2015 - Royal Visit from His Majesty, King Willem-Alexander, the Dutch King

At Startupbootcamp HighTechXL offices in Eindhoven, the teams were all invited to meet and greet His Majesty King Willem-Alexander. Accompanied by the Minister of Economic Affairs, Henk Kamp, King Willem-Alexander spent time listening to pitches, eating lunch, and socializing with each of the start-ups.