A Toronto-based e-commerce and radio frequency identification (RFID) application provider has announced an RFID solution targeted at helping small to medium enterprises (SMEs) adopt the chip tracking technology to meet Wal-Mart, Target and U.S. Department of Defense RFID regulations.
Banyan Commerce unveiled the Banyan RFID Express solution Wednesday at the RFID Journal Live! Canada conference in Toronto.
It said the product is built on the Banyan Commerce software-as-a-service (SaaS) application framework, which is aimed at dealing with the complexity of Electronic Data Interchange (EDI), data synchronization and bar coding for both SMEs and Fortune 5000 retailers.
Banyan hopes its solutions will change the RFID compliance market forever, setting a price point of $5,000 for the RFID Express. According to Vijay Thomas, a partner at Banyan Commerce, comparative RFID solutions range from $10,000 to $1 million dollars, with most companies failing to offer a fixed cost estimate.
Banyan also announced it would be entering into a supply chain alliance with Toronto area companies, GAORFID and Toshiba TEC Canada to help with the technical logistics of the solution. GAORFID will provide its GenTop Standalone RFID reader/writer, while Toshiba TEC provides its BSX4 RFID printers.
Banyan is also guaranteeing an implementation time of 15 days for the solution.
