Leadway Technology Investments Holdings Limited formerly known as Advanced Card Systems Holdings Limited & HNA Technology Investments Holdings is a Cayman Islands-incorporated offshore holding company. Its subsidiary, Advanced Card Systems Limited, was incorporated in British Hong Kong in 1995 by Denny Wong. In 2017, HNA Group, via HNA EcoTech Group and HNA EcoTech Group's subsidiary, acquired Advanced Card Systems Holdings as part of a reverse IPO. ACS develops smart cards, smart card readers and related products, and distributes them to over one hundred countries. It was ranked by Frost & Sullivan as one of the world's top 3 suppliers and Asia Pacific's top supplier of PC-linked Smart Card Readers. In 2010, 2014, and 2015, it was listed among Forbes Asia's "Best Under a Billion", a prestigious list of 200 top-performing companies with sales between US$5 million and US$1 billion, selected from publicly listed enterprises in Asia Pacific.
History Advanced Card Systems Holdings was acquired by HNA Group, via a subsidiary HNA EcoTech Group (Chinese: 海航生态科技集团) in January 2017. HNA Group owned more than a third of the share capital of HNA EcoTech Group. Advanced Card Systems Holdings was renamed to HNA Technology Investments Holdings Limited in August 2017.
Products and services ACS develops and supplies smart card reading and writing devices, smart cards, and other related products categorized into the following product lines:
Smart card and card operating systems PC-linked smart card readers Mobile card readers Contactless readers Smart card readers with PIN-pad PC-linked readers with mass storage Dynamic Password Generators Smart card reader modules Software development kits ACS products are certified and compliant with global and national industry standards. These standards include NFC Forum Certification; EMV Level 1 & 2; Visa payWave; MasterCard PayPass; American ExpressPay; Discover Zip; UnionPay QuickPass; Mondex; EMV CAP and VISA DPA; qPBOC and PBOC (the People's Bank of China); NETS (Singapore); CE; UL/CSA; U.S. Federal Communications Commission (FCC); VCCI (Voluntary Control Council for Interference by Information Technology Equipment); FIPS (Federal Information Processing Standards); and Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH). ACS also offers product customization services to meet customer specifications. These include custom branding on ACS smart card and reader products. ACS also provides end-to-end, smart card‒based services. ACS has already delivered automatic fare collection (AFC), retail, and micropayment services all over the world. Furthermore, ACS conducts consultation and training sessions to help grow the smart card industry. In 2008, ACS offered an elective course on smart card technology in De La Salle University – Manila. In 2010, it conducted the first ever basic smart card training in the Philippines. It also conducted a two-day training on smart cards in the Information Technology Services Center (ITSC) of the Chinese University of Hong Kong (CUHK).
Applications System integrators, software developers and service houses worldwide use ACS smart card and card reader technologies, to create smart card-based applications for security systems in various sectors, including banking, transportation, identification, e-health, e-government, access control and e-commerce.
Banking In 2009, ACS deployed 100,000 ACR38 Smart Card Readers for the implementation of an online home banking project in an East Asian country. The project involved ACS's cooperation with the country's local bank and telecommunication company, to integrate ACS smart card technologies into VoIP-enabled desktop phones that customers used to access online banking services at home. In 2009, ACS also received over 60,000 orders of ACR30 Smart Card Readers from Hong Kong banks. This banks were complying with the Hong Kong secure e-banking project, which entailed using the Hong Kong Identity Card. Following Hong Kong Monetary Authority (HKMA) guidelines that took effect in July 2005, these banks employed two-factor authentication tools, like e-Cert, for high-risk online banking transactions. The Bank of America (Asia), BOC Credit Card (International) Limited, Bank of China (Hong Kong), Chiyu Banking Corporation Limited, Nanyang Commercial Bank, Bank of Communications (Hong Kong Branch), The Bank of East Asia, CITIC Ka Wah Bank and Dah Sing Bank all used ACS's ACR30 to read smart ID cards embedded with Hong Kong Post e-Cert.
Access control In 2011, ACS was chosen as a smart card reader supplier for a service intended to secure US embassies worldwide. The US Department of State (DoS) had initiated a tender for a reader to secure physical and logical networks for embassy employees. Partnered with one of the bidders, ACS proposed the ACR3801 Smart card reader, a TAA-compliant, FIPS 201‒certified PC-linked reader. These standards enabled the ACR3801 to meet the security challenges presented by the DoS. ACS also participated in the security enhancement project set up by the World Olympians Association (WOA) for the 2008 Beijing Olympics. ACS provided ACOS3 Microcontroller Smart Cards to identify around 4,000 guests, and ACR88 Handheld PIN-Pad Readers to read the smart cards. ACS partnered with Artemis Solutions Group (ASG), which specialized in providing a complete credential management system for attendees of the Olympic Reunion Center (ORC).
Transportation In August 2009, ACS supplied ACR122 Near Field Communication (NFC) Readers for EZ-Link cardholders to manage their new EZ-Link cards at home. Via the EZ-Online System, cardholders can check and print their 20 most recent transaction records, top-up their cards from a bank account, and load EZ-Coupons that may be used to redeem bonuses once the Ez-Link cards are presented to retail shops.
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