Identive Group Inc.: IDENTIVE AWARDED MULTI-YEAR CONTRACT TO PROVIDE CASHLESS PAYMENT SERVICES AT OLYMPIASTADION BERLIN
(firmenpresse) - (DGAP-Media / 21.08.2013 / 13:00)
justpay cashless payment system implemented at Germany's second largest
football stadium to speed concession transactions at league games
SANTA ANA, Calif. and ISMANING, Germany, August 21, 2013 - Identive Group,
Inc. (NASDAQ: INVE) (Frankfurt: INV), a provider of solutions and services
for the identification, security and RFID industries, has been awarded a
multi-year contract to provide cashless payment services at home matches of
Berlin football (soccer) club Hertha BSC in Olympiastadion Berlin, the
second largest football stadium in Germany. The Berlin stadium has a
seating capacity of over 74,000 and is the seventh within the German
Football League to implement Identive's cashless payment solution, which
encompasses system implementation and ongoing operations by Identive's
payment solution subsidiary.
'Identive's justpay system provides our fans and visitors with a
service-oriented, simple and convenient way to pay for their refreshments,
which makes their experience during home matches at the Olympiastadion even
more enjoyable,' said Ingo Schiller, CFO of Hertha BSC. The system's main
benefits for the fans include shorter and fast moving concession queues and
the ability to reload the payment cards online.
'Cashless payment is a growing trend in the entertainment sector, as it
allows venues to serve more customers more quickly and increase sales while
reducing the cost of handling cash,' explained Sascha Busse, CEO of
Identive's payment solution subsidiary. 'With the addition of
Olympiastadion Berlin we now provide cashless payment solutions for the two
largest stadiums in Germany as well as five more in the first and second
domestic leagues. Identive continues to build early leadership in the
stadium market by helping our customers run their businesses more
efficiently and cost effectively.'
justpay is a closed-loop cashless payment system that includes contactless
payment cards, fixed and mobile point-of-service devices and a central,
cloud-based database and analytics platform. On league match days,
contactless payment cards are the only form of payment accepted at
concession kiosks, which significantly shortens sales transactions as
merchants no longer have to handle cash or process bank cards and wait for
authorization. Analytical and reporting capabilities from Identive's
cloud-based database provide insight into the performance of concession
operations. For the majority of its justpay customers, including Hertha
BSC, Identive's payment solution subsidiary also provides complete
operational support for the system, including staff to sell and reload the
payment cards, financial clearing and accounting services, and regulatory
filings and authorization.
About Identive
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV) is focused on building
the world's signature company in Secure ID. The company's products,
software, systems and services address the markets for identity management,
physical and logical access control, cashless payment, NFC solutions and a
host of RFID-enabled applications for customers in the government,
enterprise, consumer, education and healthcare sectors. Identive's mission
is to build a lasting business of scale and technology based on a
combination of strong technology-driven organic growth and disciplined
acquisitive expansion. Thecompany delivers up-to-date information on its
activity as well as industry trends through its industry-leading social
media initiatives and educational resource, AskIdentive.com. For additional
information, please visit www.identive-group.com or follow on Twitter at
(at)IdentiveGroup.
Note: Identive, the Identive logo and justpay are trademarks of Identive
Group, Inc, registered in many jurisdictions worldwide. All other company,
product or service names may be trademarks or registered trademarks of
others and are the property of their respective owners.
###
Contacts:
Darby Dye, +1 949 553-4251, ddye(at)identive-group.com
Annika Walther, +49 89 9595-5220, awalther(at)identive-group.com
End of Media Release
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Issuer: Identive Group Inc.
Key word(s): Sports
21.08.2013 Dissemination of a Press Release, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Identive Group Inc.
1900B Carnegie Avenue
CA 92705 Santa Ana
United States
Phone: +49 (0)89 9595 5000
Fax: +49 (0)89 9595 5555
E-mail: info(at)identive-group.com
Internet: www.identive-group.com
ISIN: US45170X1063
WKN: A1C0ZG
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Frankfurt in Open Market (Entry Standard)
End of News DGAP-Media
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