[2] PubliCARD prepares for closer interaction with financial services sector through MULTOS operating system.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 20, 2000 PubliCARD to port Chipnet, its Digital Campus solution on to highly secure and multi-application environment to drive an interface to the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. sector PubliCARD, Inc. (Nasdaq: CARD), www.publicard.com, today announced that it plans to port its Chipnet campus solution on to the MULTOS MULTOS Multimedia Office Server operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. to allow convenient and secure interaction with the bank payment systems environment. Using the MULTOS platform, one of the industry's leading open high-security, multi-application OS for smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. , PubliCARD will be able to dynamically and securely load a variety of applications onto its smart cards, including e-cash, loyalty, debit and credit. With MULTOS, PubliCARD's sophisticated end-to-end system designed for the campus market will offer even more options and applications across a broad range of industries, ranging across educational campuses, the corporate sector and the government. PubliCARD*s move to MULTOS will enable a number of different applications to be held securely on the card at the same time, providing users with more choice and opportunity. &uot;PubliCARD's campus card solutions, ranging from e-cash capabilities to network and physical access, also act as a powerful loyalty tool, opening the door to user privileges See user permissions. such as subsidized sub·si·dize tr.v. sub·si·dized, sub·si·diz·ing, sub·si·diz·es 1. To assist or support with a subsidy. 2. To secure the assistance of by granting a subsidy. meals or customer rewards,&uot; says Colin Foster, director of PubliCARD's Digital Campus Division. &uot;Our ability to port our Chipnet solution on to the MULTOS operating system allows a business professional or a student to use a single card for travel or entertainment purposes, as well as for all of our campus environment applications.&uot; MULTOS is compatible with most international standards so that different applications can coexist co·ex·ist intr.v. co·ex·ist·ed, co·ex·ist·ing, co·ex·ists 1. To exist together, at the same time, or in the same place. 2. on a single card. The system contains a highly secure architecture and allows the dynamic remote loading and deletion of numerous applications on to the card. &uot;There is a clear synergy between the MUTLOS OS and our Chipnet solution. MULTOS is making strong progress in the financial services sector, and it is important for Chipnet's campus payment application to interface with the external banking and payment systems,&uot; says Richard Phillimore, executive vice president of PubliCARD. &uot;PubliCARD already has a firm hold on the campus card market, and we are poised to take an even stronger lead with the MULTOS OS on our side. By combining our campus capabilities with our range of Internet applications, we are in a unique position to provide tailored solutions to a broad range of markets, including the corporate sector, education, public libraries, the government and the military.&uot; About PubliCARD, Inc. Headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY, PubliCARD develops and deploys chip-based technology systems and solutions used in the Internet and electronic commerce market segments. With a presence in the U.S. and international markets, PubliCARD specializes in many areas of smart card technology, including chip card manufacturing, smart card readers, electronic commerce security software, chip-based components for applications in cable and broadcast access, unattended point-of-sale equipment, Web-filtering systems, a range of digital photography interface devices and more. You can find more information at www.publicard.com Special Note Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : Certain statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. For more information on the potential factors, which could affect the company's financial results, refer to the Company's most recent SEC reports, including the Form 10-Q's for the quarters ended March 31, 1999, June 30, 1999, and September 30, 1999 and the Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1998, as amended. |
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