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Oberthur and Visa Achieve Another First
URL(s): www.oberthurusa.com
LOS ANGELES, April 26, 2001--Visa cards worldwide has approved Oberthur Card Systems GalactIC
2.1 payment card, a Java(TM)-based, open platform, multi-application smart card that enables secure multi-channel payment, for its
Visa Smart range program.
Based on Open Platform 2.0.1 specifications, the Oberthur GalactIC 2.1 card can host multiple applications and enables
cardholders to pay securely for goods via the home PC, mobile phone, television or at a point-of-sale in a store or at a kiosk.
GalactIC 2.1 incorporates the latest encryption technologies (integrating RSA(a) and PKI(b)) currently available to secure payment
transactions particularly in an online environment.
"Visa is a leading consumer payment brand and has already successfully launched more than 80 chip-based programs in 35
countries, and Oberthur has been its partner throughout," commented Didier Serodon, director of the payment division for Oberthur
Card Systems.
"The GalactIC 2.1 is the first multi-channel, multi-application card dedicated to payment incorporating the security measures which
meet the demanding needs of the new payment channels we encounter today. Security remains paramount to our customers' method of
payment."
Already adopted as industry standard in the mobile communications market, the Java programming language is widely heralded as
the technology of choice and its widespread adoption offers quick and secure multi-application developments which reduces the
time-to-market and allows new applications to be added to the card in the future without needing to reissue a new card to the holder.
"All card products that carry the Visa brand have to pass a full Visa approval process for functional and security requirements. This
latest product from Oberthur provides Visa Member banks with another way in which to embrace the developments in payment and
technology. Oberthur is a valued and longstanding Visa partner and we congratulate the company on this achievement," noted Denny
Jensen, vice president, Emerging Technologies, Visa International.
Oberthur, a member of Visa's Smart Partners Program, is the only provider of the entire Visa Smart range, which is completed by
this latest GalactIC 2.1 card.
Oberthur Card Systems (Paris Stock Exchange - Code SICOVAM 12413), a global leader and the innovator in the smart card
industry, is shaping the future by offering the ultimate in SIM, WAP, 3G (IMT-2000/UMTS), e-wallet technologies and
Internet-based card management services coupled with a firm commitment to open standards.
Championing EMV migration, Oberthur is the world's No. 1 supplier of MasterCard and Visa cards; No. 1 in banking,
e-commerce, m-commerce and pay-TV; Oberthur is also the No. 1 in Java(TM) and GSM technologies.
Oberthur Card Systems has an international reach ensured by 30 sales offices and 20 manufacturing sites across the five continents.
Oberthur Card Systems had sales of 451.1 million euros in 2000.
The company's Web sites are www.oberthurcs.com and www.oberthurusa.com.
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