Bank Islam Malaysia Berhad Issues MasterCard Smart Cards Using MIST NBS Process.Business Editors NBS (National Bureau of Standards) See NIST. NBS - National Bureau of Standards: part of the US Department of Commerce, now NIST. Card Technology, a division of MIST Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : MIS), announced today that Bank Islam Malaysia The Bank Islam Malaysia (Bank Islam Malaysia Berhad, or BIMB) started operations as Malaysia's first Islamic bank on July 1 1983. BIMB was established primarily to assist the financial needs of the country's Muslims and to further extend its services to the whole population at Berhad has begun issuing MasterCard M/CHIP 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. using the MIST NBS Smart EMV EMV Elektromagnetische Verträglichkeit (German: Electromagnetic Compatibility) EMV EuroPay, MasterCard, Visa (Smart debit cards) EMV Europay, Mastercard and Visa EMV Eftermiddagsverksamhet Card Issuance Process with Conquest(TM) card issuance software and Advantage(R) series card issuance machines. Bank Islam Malaysia Berhad is a leader in the Islamic Banking Islamic banking refers to a system of banking or banking activity that is consistent with Islamic law (Sharia) principles and guided by Islamic economics. system in Malaysia. Issuance of MasterCard smart cards is a key component of their multi-application EMV(TM) chip card strategy. "As a trendsetter trend·set·ter n. One that initiates or popularizes a trend: "The Golden State, ever the trendsetter, reformed its property tax" New York. for Islamic banking, we are proud to be the first Islamic bank to issue EMV smart cards," said Encik Abdul Rahim Abdul Rahim (also transliterated Abdur Rahim, `Abd ar-Rahiem, and other ways) is an Arabic theophoric name meaning "Servant of the Merciful". This name may refer to:
"Malaysia is an excellent environment for the deployment of smart card technology. With more than 100 million MasterCard branded smart cards issued worldwide, MasterCard continues to lead in the smart card arena. For Malaysian banks, implementation of EMV(TM) smart cards will not only help reduce card fraud, it will provide a platform from which to deliver better differentiated products across a growing array of new delivery channels. We are glad to see MIST NBS providing solutions to financial institutions to make chip migration a reality," said Shuan Ghaidan, Vice President, Advanced Payment Systems, Asia Pacific Region, MasterCard International. MIST NBS offers leading smart card issuance solutions. Its patent pending MIST NBS Smart EMV Card Issuance Process makes smart card issuance more efficient. "MIST NBS provides a full range of smart card issuance products all sharing the same Conquest(TM) software platform and taking advantage of our smart card issuance process." said Nobuyuki Shimada, General Manager, MIST NBS Asia Pacific, "This installation of mid-volume NBS Advantage issuance equipment at Bank Islam provides the platform for the Bank to begin chip card migration. If higher volumes of smart card issuance are required, NBS Horizon equipment, which uses software with the same user interface, may be implemented. Our scalable solutions will provide platform for smart card issuance throughout the Asia Pacific region." About Bank Islam Malaysia Berhad Bank Islam Malaysia Berhad started its operation as Malaysia's first Islamic Bank on July 1st,1983. It has a network of 83 branches nationwide and a comprehensive list of about 50 innovative and sophisticated Islamic banking products and services. Bank Islam was directly involved in developing the Islamic financial sectors such as banking, takaful | Takaful is an Islamic insurance concept which is grounded in Islamic muamalat (banking transactions), observing the rules and regulations of Islamic law. (insurance), stock broking Bro´king a. 1. Of or pertaining to a broker or brokers, or to brokerage. Redeem from broking pawn the blemished crown. - Shak. , leasing, research and other related banking services. The synergistic collaboration between Bank Islam and its subsidiaries dealing with these services have complemented the overall growth of the Islamic banking system in Malaysia. For more information, visit www.bankislam.com.my. About MasterCard International MasterCard International has a comprehensive portfolio of well-known, widely accepted payment brands including MasterCard(R), Cirrus(R) and Maestro(R). More than 1.7 billion MasterCard, Cirrus and Maestro logos are present on credit, charge and debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. in circulation today. An association comprised of more than 15,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is a leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard's award-winning Priceless(R) advertising campaign is now seen in 90 countries and in 45 languages, giving the MasterCard brand a truly global reach and scope. With more than 24 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. For the year ended December 31, 2001 gross dollar volume exceeded US$986 billion. MasterCard can be reached through its World Wide Web site at www.mastercard.com. About MIST Inc. MIST Inc. (TSX: MIS) is a leading international provider of transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and smart card issuance solutions for financial institutions and processors. The Company produces wireless, Internet, and wired point-of-sale terminals, secure transaction gateways, and offers secure smart card issuance solutions. Its end-to-end products take full advantage of the latest communications and security technologies to deliver outstanding operating benefits and cost advantages to its customers and end users. MIST has offices in Canada, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , the United Kingdom, and Japan. For more information, visit www.mistwireless.com. Investors may contact investor-relations@mistwireless.com. NBS Card Technology A division of MIST Inc., NBS Card Technology is a global leader in smart card personalization and plastic card issuance solutions. The Company designs, develops, manufactures, and markets card personalization equipment, identification products, services, and software. Customers include financial institutions, healthcare organizations, service bureaus, government agencies, and loyalty marketing organizations. For more information, visit www.nbstech.com. Contact information: Bank Islam Malaysia Berhad Mohd Yessin myasino@bankislam.com.my Tel: (603) 2698 0808 Fax : (603) 2693 3805 MasterCard International Georgette Tan georgette_tan@mastercard.com Tel: (65) 6390 5971 Fax: (65) 6295 6259 MIST Inc. Harry Chand hchand@mistwireless.com Tel: 416-621-1911 Fax: 416-621-8875 |
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