Archive

Archive for the ‘Germany’ Category

Germany introduces biometric cards for foreigners

September 1, 2011 Comments off

dw-world.de

The new cards are based on German identity cards

In a bid to prevent identity fraud, Germany is digitalizing its residence permits for non-EU citizens. Instead of a paper document, they’ll be given a new biometric chip card – shaped like a credit card.

The new cards are based on German identity cards

From Thursday, September 1, non-EU citizens living in Germany will be given electronic chip cards in place of their existing paper residence permits.

The cards will contain a biometric photo and two fingerprints. Cardholders will also be given an individual PIN code. The Federal Office for Migration and Refugees claims storing such biometric data will help prevent identity theft.

But, at a cost of 110 euros ($159) each, the new cards won’t come cheap. The special chip containing the data is manufactured at the Berlin-based Federal Printing Office. The cards – like Read more…

German Bank Nears Purchase of NYSE

February 11, 2011 Comments off

Deutsche Boerse AG is in advanced talks to buy NYSE Euronext in an all-stock transaction that would create the world’s biggest exchange operator, accelerating a day of takeovers that began with London Stock Exchange Group Plc’s acquisition of Canada’s TMX Group Inc.

NYSE and Deutsche Boerse said they will produce 300 million euros ($410 million) in cost savings, according to a statement. Duncan Niederauer, New York-based NYSE Euronext’s chief executive officer, will hold the same job at the combined company. Frankfurt-based Reto Francioni, CEO of Deutsche Boerse, will be chairman. Deutsche Boerse will own about 59 percent to 60 percent of the joined corporation.

The combination, following a decade-long wave of mergers among exchange companies, would unite equity and derivatives platforms from the U.S. and Germany to France, the Netherlands and Portugal. Since 2000, there has been at least Read more…

Germany deploys contactless national ID

February 3, 2011 Comments off

Germany began issuing the new contactless national ID to citizens in November. The program is one of the first contactless-only electronic ID programs. It also employs a unique privacy scheme to protect cardholders.

National ID cards aren’t new in the European Union and many countries use smart card technology to power the credentials. But the contactless German ID is a bit of a departure from what other countries have done and thus necessitated a slightly different take on existing contactless smart cards.

The country expects to issue 60 million cards over the next 10 years to replace existing paper documents, says Rudy Stroh, executive vice president of the ID business and country manager for Germany at NXP Semiconductors. NXP is providing the chip–its 128-kilobyte SmartMX secure contactless microcontroller–for the German e-ID.

“The contactless technology used in the e-ID enables strong privacy protection,” Stroh says.

The first difference between the German ID card and other contactless smart cards is that is can only be read from four centimeters, whereas most other cards can be read from Read more…